Mottek On Money Special Edition (July 1st, 2020)

Mottek On Money with Frank Mottek
Wednesday, July 1st
Mottek On Money Special Edition covering Wall Street and Main Street: Mixed start to the kick off to the second half of 2020 for the stock market. Stocks got an early lift on some encouraging results on a possible coronavirus vaccine from drug giant Pfizer and German biotech partner BioNTech. The latest ADP payroll survey found private employers added nearly 2.4M jobs in June. Manufacturing rebounded in June. An alarming spike in coronavirus cases in California and other states prompts a roll back of some business re-openings. Apple announced the re-closing on many stores in Southern California. The Dow came in for a closing loss of 78 points. Tech stocks continued to rally sending the Nasdaq up 96 to 10,155. Gene Seroka, Executive Director of the Port of Los Angeles and Director of Logistics for the City of L.A. during the coronavirus crisis updates economic activity at the port, trade and the pause in the cruiseline industry. Bryan Perry, Editor, of and author of the 25% Cash Machine has a comprehensive analysis of the markets, his stock picks and the outlook for the second half of 2020.