Mottek On Money Special Edition (Thursday, June 25th, 2020)

Mottek On Money with Frank Mottek
Thursday, June 25th
Mottek On Money Special Edition Covering Wall Street and Main Street: Stocks close higher in a volatile session with the focus of attention on the alarming spike in coronavirus cases in California and other states. The weekly jobless claims came in at nearly 1.5M but continued to decline for the 12th week in a row. The latest report on economic growth in the first quarter of 2020 came in at -5%, in line with the previous estimate. The Dow came in for a closing gain of 300 points after posting a loss of more than 200 earlier. Analysis from economist Kevin Klowden, Executive Director of the Milken Institute's Center for Regional Economics and California Center. Jamie Court, President, Consumer Watchdog discusses the latest consumer issues including nursing homes during the coronavirus crisis and the latest on consumers unable to get their bottle and can deposit refunds in California. Governor Newsom has given retailers another 60-day reprieve on refunding the 5 or 10 cent CRV deposits. Elder Law Attorney Zoran Basich, founder of Nursing Home Solutions, discusses reports of so-called "patient dumping" during the coronavirus and how financially struggling families can get nursing home care for loved ones without depleting their resources.