Mottek On Money Special Edition (Tuesday, May 26th, 2020)

Mottek On Money
Tuesday, May 26th
Mottek On Money Special Edition - Coronavirus Crisis Bear Market: Stocks kick off a holiday shortened week with a rally as economies around the world continue to reopen following the coronavirus lockdowns. The latest reports of new efforts by various companies to develop a coronavirus vaccine and treatments helped give the markets a boost. Energy names and travel related companies rallied while so called "stay at home" stocks pulled back. The Dow popped 700+ points, moving above 25K during the trading session, before closing up 530 points to 24,995. Market analysis from Jim Hausberg, Managing Director, HighTower Advisors in Los Angeles. The enormous contribution made by foreign firms to the California economy is detailed in the latest report on Foreign Direct Investment prepared by the World Trade Center Los Angeles. The report and outlook for the post pandemic world discussed with Stephen Cheung, President, World Trade Center Los Angeles and Executive Vice President, Los Angeles County Economic Development Corporation, LAEDC