Mottek On Money Special Edition (Monday, June 1st, 2020)

Mottek On Money
Monday, June 1st
Mottek On Money Special Edition - Many L.A. area businesses still reeling from the coronavirus crisis are hit by looting and vandalism in a wave of civil unrest. Violence flared in the midst of many peaceful street protests over the death of George Floyd at the hands of a Minnesota police officer. Many California business leaders including Tesla's CEO Elon Musk and Apple CEO Tim Cook have spoken out about justice for George Floyd. Tremendous heartbreak for business owners affected by the weekend unrest. The main street situation discussed with Maria Salinas, President/CEO, Los Angeles Area Chamber of Commerce. Stocks begin the week with gains. The latest on the markets and the economy discussed with Jim Hausberg, Managing Director, HighTower Advisors and board member of Mortgage rates hover near record lows but tighter lending standards and a flood of re-fi applications make it tougher to get the lower rates. The latest mortgage and real estate news discussed with Jeff Lazerson, President, Mortgage Grader and O.C. Register columnist.