Mottek On Money (Weekend April 24th, 2020)

The coronavirus crisis continues to leave its impact on Wall Street and Main Street with the death toll hitting new highs, jobless claims topping 26 million over the past 5 weeks, the price of oil crashing to below zero then rebounding, congress passing another nearly $500B crisis rescue package, and stocks snapping a 2 week winning streak. The Dow wrapped up the week with a closing gain of 260 points to settle at 23,775. The week's big news and outlook discussed with Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach. Serious talks underway to reopen the economy, outlook for retailers and consumers discussed with Rick Caruso, Los Angeles business leader, philanthropist, developer of the most successful shopping destinations in Southern California including The Grove, Americana at Brand, Palisades Village and the Commons at Calabasas. Elder law attorney Zoran Basich, founder of Nursing Home Solutions   discusses critical information related to nursing homes in the coronavirus crisis and getting help paying for nursing home care.