Mottek On Money Special Edition (Wednesday, June 3rd, 2020)

Wednesday, June 3rd

Mottek On Money Special Edition covering Wall Street and Main Street: Stocks rally on new signs the worst of the economic downturn is behind us. This after a calmer night of anti police brutality protests calling for justice for George Floyd. The latest ADP private employment survey showed businesses cut nearly 2.8 million jobs last month but that was much better than the 9 million job cuts analysts were expecting. The Dow came in for a closing gain of 527 points sending it above 26K. Oil moved above 37 dollars a barrel to the highest seen in 3 months, a dramatic bounce back from below zero where it stood in April when demand collapsed and supplies overflowed. Analysis on the markets and the economy from Art Hogan, Chief Market Strategist, National Securities and John Kilduff, Founding Partner, Again Capital and CNBC contributor. The coronavirus crisis and wave of unemployment has impacted real estate in Southern California. A ground level view of whats happening and outlook discussed with Sean Brunske, with home buyer HomeVestors in Los Angeles, Riverside and San Bernardino County