Mottek On Money Special Edition (Monday, April 27th, 2020)

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Published Apr 27, 2020, 11:23 PM

Mottek On Money Special Edition - Coronavirus Crisis Bear Market: Economic storm clouds gather on Main Street as coronavirus shutdowns continue while it gets sunny on Wall Street with efforts to slowly begin reopening parts of the economy. The Dow closes up 358 points. Oil takes a 25% plunge to settle below $13/barrel. L.A. business leader, philanthropist Scott Minerd, Chairman of Investments and Global Chief Investment Officer, Guggenheim Investments discusses the current economic outlook, an unprecedented wave of joblessness and homelessness in Los Angeles. He explains how you can urgently help heroes on the front lines of the crisis at the Union Rescue Mission on L.A.'s skid row and pledges to match $1 Million in donations. (To donate: www.URM.org ) The founder of Consumer WatchDog, Harvey Rosenfield, asks the state insurance commissioner to suspend auto insurance rate hikes during the crisis and discusses other consumer issues. Oil analyst John Kilduff, Again Capital and CNBC contributor reacts to another big one day plunge in the price oil and what it means for consumers, businesses and investors.

 

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