Mottek On Money Special Edition (March 19th, 2020)

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Mottek On Money

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Mottek On Money Special Edition: Coronavirus Crisis Bear Market. Stocks take another roller coaster ride and end with the Dow up 188 points to 20,087 putting it 31 percent below where it was a month ago when the market stood at record highs. The Dow is on track for its worst week since the financial crisis of 2008. Unemployment lines got longer over the past week with jobless claims spiking 70K to 281K, the highest since September 2017. Analysts at Bank of America declare the U.S. is in a recession. Nervous time for consumers in the face of an economy coming to a temporary standstill because of the coronavirus emergency, rising unemployment, and empty store shelves. More conventions are cancelled or postponed. Guests include Michael Farr, President, investment advisory firm, Farr, Miller and Washington, CNBC contributor, Consumer Advocate Ralph Nader, Dan McAllister, San Diego County Treasurer/Tax Collector and President of the State Association of County Retirement Systems. Support the show.