Mottek On Money (November 2nd, 2019)

Saturday, November 2nd

Stocks rally to record highs on a better than expected October jobs report showing employers added 128,000 jobs and the unemployment rate ticked slightly higher to 3.6% from 3.5%, still near a 50 year low. It was an eventful week with a series of earnings reports and the Fed cut benchmark interest rates for third time this year. CNBC Power Lunch anchor Tyler Mathisen recaps the banner week. LAEDC CEO Bill Allen talks about the most business friendly cities and other business leaders set to be honored at the prestigious Eddy Awards. Citi becomes the first bank to ever receive the Eddy Award recognition. Business and civic leaders gather for the South Bay Economic Forecast Event at Cal State Dominguez Hills focusing on a big economic engine of the Southern California Economy. Mortgage rates tick higher for the third week in a row.