Business
Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis. The U.S. oil and gas industry takes a near direct hit from Hurricane Laura slamming in to the U.S. gulf coast packing 150 mph winds. Damage assessment at refineries, oil platforms and other installations continues. The price of oil hovers near a six month high above $43/barrel. The latest from oil industry analyst John Kilduff, Founding Partner, Again Capital and CNBC contributor. Stocks post a mixed finish with the Dow going positive for the year and the SP500 closing at a record high. Unemployment lines got shorter by 98K over the past week but remained just above 1 million. The Federal Reserve announces a major change in policy allowing the fed to keep its benchmark interest rates low even if inflation exceeds the fed's 2% target. New developments on coronavirus vaccine, treatment and testing. Analysis from Economist Kevin Klowden, Executive Director of the Milken Institute's Center for Regional Economics and California Center. Support the show: https://www.frankmottek.com See omnystudio.com/policies/listener for privacy information.