Mottek On Money (December 21st, 2019)

Mottek On Money
Saturday, December 21st
Stocks rally to record highs on the latest readings on the economy, consumer confidence and trade deal optimism despite impeachment drama in Washington. The epic 2019 rally and the outlook for 2020 discussed with Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach. Gene Seroka, Executive Director of the Port of Los Angeles and Stephen Cheung, President, World Trade Center Los Angeles react to the phase one US China trade deal and the USMCA trade agreement now moving toward approval in Congress. West Hollywood pawn shop icon Elliott Salter discusses the trend this holiday season of buying second hand items for gifts as he celebrates 50+ years in business. Rich Polemini, Chairman of the College Savings Foundation, says gifting money for education through 529 plans is easier than ever. Jamie Masada, owner of the Laugh Factory, celebrates 40 years of cranking out comedy and continues his holiday tradition of providing a Christmas party with lots of laughs for people without family in Hollywood. KNX traffic reporter and GI's of Comedy star Thom Tran among those who will be performing on Christmas Day.