The Dow Jones Industrial Average hit a record high today, closing at 50,286, with IBM taking the spotlight after receiving a potential billion-dollar investment from the US government for its quantum computing subsidiary. The news sent the stock soaring, but the market's enthusiasm was tempered by concerns about inflation and the impact of the ongoing Iran war on the economy.

Today's market action was driven by a mix of positive and negative news. On the one hand, IBM's deal with the government and the company's strong earnings report boosted the stock, while on the other hand, the price of oil dropped after a report that Iran's Supreme Leader had issued a directive against sending weapons-grade uranium abroad. The market's reaction to the news was a classic case of "buy the rumor, sell the news," with investors initially reacting positively to the report, only to reverse course when the details emerged.

If you're interested in learning more about the market's reaction to the Iran war, the impact of AI on the job market, and the latest news on the economy, tune in to this episode to hear the full conversation with the economist and Rabbi Marvin Hier, the founder of the Simon Wiesenthal Center and Museum of Tolerance.

The Dow Jones Industrial Average hit a record high today, closing at 50,286, with IBM taking the spotlight after receiving a potential billion-dollar investment from the US government for its quantum computing subsidiary. The news sent the stock soaring, but the market's enthusiasm was tempered by concerns about inflation and the impact of the ongoing Iran war on the economy.
Today's market action was driven by a mix of positive and negative news. On the one hand, IBM's deal with the government and the company's strong earnings report boosted the stock, while on the other hand, the price of oil dropped after a report that Iran's Supreme Leader had issued a directive against sending weapons-grade uranium abroad. The market's reaction to the news was a classic case of "buy the rumor, sell the news," with investors initially reacting positively to the report, only to reverse course when the details emerged.
If you're interested in learning more about the market's reaction to the Iran war, the impact of AI on the job market, and the latest news on the economy, tune in to this episode to hear the full conversation with the economist and Rabbi Marvin Hier, the founder of the Simon Wiesenthal Center and Museum of Tolerance.

There is one, undisputed Voice of Business News on Southern California, Frank Mottek. Frank brings his thirty-plus years of covering news – with his focus on business and money to 790 KABC, weekdays on your drive home. As host of Mottek on Money daily at 6pm PT, Frank talks to the biggest names in the news and biggest personalities driving business, all to give you the insights you need for your financial health and success. Southern Californians trust Frank Mottek. 

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There is one, undisputed Voice of Business News on Southern California, Frank Mottek. Frank brings his thirty-plus years of covering news – with his focus on business and money to 790 KABC, weekdays on your drive home. As host of Mottek on Money daily at 6pm PT, Frank talks to the biggest names in the news and biggest personalities driving business, all to give you the insights you need for your financial health and success. Southern Californians trust Frank Mottek. 
Follow Frank wherever you enjoy podcasts:
Apple: <a href="http://apple.co/mottekonmoney">http://apple.co/mottekonmoney</a> 
Spotify: <a href="https://open.spotify.com/show/1IOB53uiJjQOQvY30Db0yS?si=b6dc694fb03c4e8b">https://open.spotify.com/show/1IOB53uiJjQOQvY30Db0yS?si=b6dc694fb03c4e8b</a>
YouTube: <a href="https://youtube.com/playlist?list=PLCp1uG4RZ2CpQeUsc_JCEHp84tJlHjnlh">https://youtube.com/playlist?list=PLCp1uG4RZ2CpQeUsc_JCEHp84tJlHjnlh</a>

Mottek On Money with Frank Mottek

The Dow hits a record high as IBM rallies on a quantum computer deal

https://api.omny.fm/orgs/a7b0bd27-d748-4fbe-ab3b-a6fa0049bcf6/clips/dae31008-600a-4cc6-9275-b452000a6a6e/transcript