Business
Another week for the record books on Wall Street with both the S&P500 and Nasdaq at all time highs. The Dow is having its best August since 1984 ending the week positive for 2020 and now just 3% below its all time high. Markets digest a change in Fed policy on inflation announced over the past week. On Main Street, job concerns mount as more companies announce layoff plans and the weekly jobless claims hold above 1 million. Analysis on the markets and the economy from Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach, President-Elect, Queens College, Cambridge, England and Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, Chairman, O'Share's ETFs and Beanstox. California's governor unveils a new process for reopening businesses that is slower and more gradual than what the state tried earlier this summer. Some business owners find the new system frustrating and confusing. The situation discussed with celebrity hair stylist Giuseppe Franco owner of Giuseppe Franco Hair Salon in Beverly Hills. Support the show: https://www.frankmottek.com See omnystudio.com/policies/listener for privacy information.