Mottek On Money (Weekend of June 26th, 2020)

Mottek On Money
Friday, June 26th
Stocks wrap up a volatile week sharply lower as coronavirus case numbers continue to rise to the highest seen since the pandemic started. Some states retreat on aggressive business re-openings as covid cases spike. California is also pausing additional re-openings. The latest coronavirus numbers raising questions about the shape of the economic recovery from the worst downturn since the Great Depression. The Dow ended the week with its worst one day loss in two weeks dropping 730 points. Analysis of the markets and the economy from Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO and Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, mega entrepreneur, Chairman, O'Shares ETF's and O'Leary Financial Group. The Beverly Hills Chamber of Commerce organizes Beverly Hills Back to Business, a virtual collaborative of other area chambers, business and civic leaders to discuss meeting the many challenges facing businesses after the coronavirus lockdowns. The event and the latest news discussed with Todd Johnson, President, CEO, Beverly Hills Chamber of Commerce www.beverlyhillschamber.com
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