Mottek On Money (February 8th, 2020)

Saturday, February 8th

Stocks rally to record highs but end the week with a pull back on economic uncertainties over the coronavirus in China. January jobs report shows employers added 225K jobs, unemployment rate ticks slightly higher to 3.6% coming off a 50 year low. Tesla takes a wild ride to record highs. Ken Winans, President, Chief Investment Officer, Winans Investments discusses the rally and what market history tells us about pandemics. Bill Allen, President/CEO, LAEDC, previews the LAEDC Economic Forecast event on February 19th. Hollywood director J.J. Abrams hosts a pre-oscar U.S. Ireland Alliance Oscar Wilde Awards event honoring another Hollywood giant, Norman Lear. Plant based meat is on the menu for celebrities at the Academy Awards Governor's Ball. Celebrity Chef Wolfgang Puck tells us what he's preparing this year and discusses his growing restaurant empire. Real estate outlook discussed with  Dr. Frank Nothaft, Chief Economist, Corelogic including the latest readings on Los Angeles real estate and mortgage rates.