Mottek On Money (Weekend of May 1st, 2020)

The job picture goes from bad to worse as the economy slips into reverse during the ongoing coronavirus crisis. More pain on main street as the business lockdowns continue but reason to cheer on Wall Street. The stock market saw an impressive rebound in the month of April on government moves to bolster the economy, positive results on experimental coronavirus treatments and efforts to restart the economy. The month of May gets off to a rough start on the latest earnings reports. Special coverage continues with Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach, Stephen Cheung, President, World Trade Center Los Angeles, Executive VP, LAEDC  and famed Wharton Finance Professor Dr. Jeremy Siegel. Mortgage rates hit record lows. The coronavirus crisis takes a toll on the real estate business. The latest discussed with Jeff Lazerson, President, MortgageGrader and O.C. Register columnist.