Mottek On Money (Weekend of September 12th, 2020)

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Mottek On Money

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Mixed finish to a volatile Labor Day holiday shortened week on Wall Street with the Nasdaq racking up its biggest weekly loss since March. Big tech names led the market lower sending the Nasdaq down 4.1%, S&P500 down 2.5% and the Dow down 1.7% for the week. The latest market action and the main street economy discussed with Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, mega entrepreneur, investor, Chairman, O'Shares ETF's, Beanstox and Kevin O'Leary Fine Wines. The latest news on the economy and coronavirus vaccine work discussed with Economist Kevin Klowden, executive director of the Milken Institute's Center for Regional Economics and California Center. Thousands of CalFire firefighters are now fighting the worst fires in California history after taking a pay cut due to the state's coronavirus budget crisis. The latest discussed with Tim Edwards, President, CalFire Union Local 2881 www.calfirelocal2881.org   Support the show: https://www.frankmottek.com See omnystudio.com/policies/listener for privacy information.