Mottek On Money (Weekend of May 22nd, 2020)

Mottek On Money
Friday, May 22nd
More economic pain on Main Street as California's unemployment rate hits a record high. Rental car giant Hertz files for bankruptcy. Stocks end a winning week with a mixed finish as tensions rise between the U.S. and China over the coronavirus pandemic and China's new action to curb pro democracy protestors in Hong Kong. Analysis of the latest news on the economy and financial markets from Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach, Bill Allen, CEO, Los Angeles County Economic Development Corporation, LAEDC, and Kevin O'Leary, Chairman, O'Leary Financial Group, O'Shares ETF's, a.k.a. Mr. Wonderful on TV's Shark Tank. Beau Boeckmann, President, Galpin Motors in the San Fernando Valley and Star of Car Kings on the Discovery Channel discusses business following the reopening of auto dealerships and what car buying consumers need to know.