Mottek On Money (August 4th, 2018)

Mottek On Money
Monday, August 6th
Stocks rally on the July jobs report. The Fed holds the line on short term interest rates but signals more rate hikes ahead. Apple stock hits record highs making it the first publicly traded company to reach $1 trillion dollars in market value. Beverly Hills goes BOLD for business and tourism. Housing headwinds continue with sales slipping as home prices and mortgage rates rise. Disneyland reaches a deal with its largest labor unions to raise the minimum wage of employees.