Mottek On Money Special Edition (Thursday, July 9th, 2020)

Mottek On Money Special Edition covering Wall Street and Main Street: Stocks post a mixed finish on the latest report on jobless claims and rising coronavirus cases. Tech stocks rallied to new highs. The Nasdaq extended its record shattering winning streak closing up 55 to 10,548. The Dow finished lower by 361 points. Jobless claims over the past week hit a fourth month but still alarmingly high at 1.3M. New concerns about a wave of evictions and foreclosures as unemployment remains stubbornly high and the ongoing coronavirus crisis is raising questions about the pace of the economic recovery. Mortgage rates hit new lows. Home prices edge higher in the latest Corelogic report for Los Angeles.  Analysis from Dr. Frank Nothaft, Chief Economist, Corelogic and Economist Kevin Klowden, Executive Director of the Milken Institute's Center for Regional Economics and California Center discusses the latest readings on the economy and updates the urgent work on a coronavirus vaccine.