Business
Mottek On Money Special Edition covering Wall Street and Main Street during the coronavirus crisis. Stocks end higher, partially rebounding from the Dow's 500+ point closing drop seen in the previous session. The Dow ended up 140 points, snapping a three day losing streak. Fed Chairman Jerome Powell and US Treasury Secretary Steven Mnuchin appeared before the House Financial Services Committee chaired by Southern California Congresswoman Maxine Waters for an update on the CARES act and other efforts to bolster the economy in the ongoing pandemic. Southern California business leaders are navigating through tough challenges. NBA Hall of Famer, Laker great and L.A. business leader Earvin Magic Johnson is set to address the Provisors networking organization. Matt Toledo, CEO of Provisors, former Publisher of the Los Angeles Business Journal and past chair of the LA Area Chamber of Commerce updates the business community and details the upcoming event. https://www.provisors.com/ On the markets, Art Hogan, Chief Market Strategist, National Securities, discusses what's been a rough month of September for stocks. Economist, Dr. Frank Nothaft, Chief Economist, Coreologic, on our Frank discussion on real estate, the mortgage business and the economy, shares Corelogic's latest report on home equity. Support the show: https://www.frankmottek.com See omnystudio.com/policies/listener for privacy information.