Mottek On Money Special Edition (June 30th, 2020)

Mottek On Money
Tuesday, June 30th
Mottek On Money Special Edition covering Wall Street and Main Street : The 2nd quarter of 2020 goes into the Wall Street history books with the best quarterly market performance since 1998 while main street businesses deal with new challenges in the face of rising coronavirus cases. The Dow started the day 100+ points lower but came in for a closing gain of 217 points after testimony by Fed Chairman Jerome Powell and Treasury Secretary Steven Mnuchin before the House Financial Services Committee focused on the ongoing government response to the coronavirus crisis.The price of gold has closed at $1800 an ounce for the first time since 2011. Oil saw historic volatility over the past 3 months rebounding from a record low of negative $40 to closing just shy of +$40 today. Market analysis from Art Hogan, Chief Market Strategist, National Securities and John Kilduff, Oil Analyst, Again Capital, CNBC Contributor. Tracy Hernandez, founding CEO of the Los Angeles Business Federation (LA BizFed), discusses the challenges facing the main street economy and important resources available for L.A. area business owners.