Stocks wrap up the first week of 2021 at record highs despite a chaotic week in Washington, new alarming numbers on the covid pandemic and job losses last month for the first time since last April. The market was lifted by expectations of massive economic stimulus from the soon to be Democratic controlled White House and congress. Bitcoin soars above $40K for the first time. LA's Union Rescue Mission sees its most challenging time ever helping L.A.'s homeless. www.URM.org
Analysis on the markets and main street economy from Dr. Mohamed El-Erian, President, Queens College Cambridge, Chief Economic Advisor, Allianz, former PIMCO CEO, Newport Beach, Scott Minerd, Global Investments Chief, Guggenheim Partners, and Kevin O'Leary, a.k.a. Mr. Wonderful on TV's Shark Tank, chairman of O'Shares ETFs and Beanstox. Los Angeles business and civic leader Rick Caruso, CEO, Caruso, pays tribute to two tireless champions of L.A. as the city mourns their loss this weekend: Hall of Fame Dodgers Manager Tommy Lasorda who has died at the age of 93 and former Los Angeles City Councilmember Tom Labonge, known as Mr. L.A., who has died at age 67.
Support the show: https://www.frankmottek.com
for privacy information.