Mottek On Money (Weekend April 17th, 2020)

Stocks rally for the second week in a row despite more ugly readings on the coronavirus ravaged economy including a jobless claims surge of more than 5 million. California's unemployment rate spikes to 5.3%. The Dow ended the week with a closing gain of 705 points on moves to reopen the economy. A report saying an experimental coronavirus treatment showed some positive results also lifted investor sentiment. China's economy contracts by a record 6.8% in the first three months of the year. The latest assessment of the markets and the economy from Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach, Kevin O'Leary, "Mr. Wonderful" on TV's Shark Tank, Chairman, O'Shares ETFs, serial entrepreneur, author, Dr. Robert Kleinhenz, Principal Economist, Kleinhenz Economics, also affiliated with Cal State Long Beach and the Inland Empire Economic Partnership.