Mottek On Money (October 12th, 2019)

Saturday, October 12th

Stocks rally on the outcome of the latest round of US China trade talks which produced what President Trump called "a substantial phase one deal. Under the agreement, the US will suspend a tariff hike planned for October 15th on $250B of Chinese goods. In exchange, China agreed to buy as much as $50B of US farm products. The Fed takes new steps to bolster the economy including plans to buy $60B of short-term Treasury debt each month to ease stress in overnight lending markets. Analysis of these major developments and market outlook with Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz. Stephen Cheung, President, World Trade Center Los Angeles. Visionary giants on the L.A. business scene are honored by UCLA Health, Department of Neurology in Beverly Hills. Among the honorees architect Frank Gehry, Hollywood movie executive Elizabeth Gabler, private equity giants Arthur E. Levine and Lauren B. Leichtman.