Mottek On Money (Weekend of May 15th, 2020)

Saturday, May 16th

A volatile and losing week for stocks as the coronavirus crisis continues to ravage the economy. Retail sales and industrial production post record drops, another major retailer files for bankruptcy, U.S. China tensions flare again. The Fed says the crisis has created uncertainty and financial sector fragility. Mortgage rates hover near record lows but banks tighten up lending again. About four million Americans are not making their mortgage payments under forbearance agreements. Analysis of the markets and the economy from Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach, Kevin O'Leary, Chairman O'Leary Financial Group. O'Shares ETF's, entrepreneur, author, also known as Mr. Wonderful on TV's Shark Tank and Mark Theis, President of HMS Capital.