Mottek On Money Special Edition (Monday, July 13th, 2020)

Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis: Financial markets are rattled by California Governor Newsom's announcement calling for a rollback of business reopenings in the nation's biggest state because of an alarming rise in coronavirus cases. Stocks rallied early with the Nasdaq hitting record highs and the SP 500 briefly went positive for the year. Both ended the day lower but the Dow held on to a closing gain of 10 points. Among the businesses ordered re-closed, hair salons in Southern California. The business impact discussed with Giuseppe Franco, Owner, Giuseppe Franco Hair Salon in Beverly Hills. Economist Dr. Robert Kleinhenz, Principal, Kleinhenz Economics discusses the economic impact of the latest announcement. Art Hogan, Chief Market Strategist, National Securities, discusses the latest market moves and outlook.