Mottek On Money (January 11th, 2020)

Saturday, January 11th

Stocks extend a record shattering New Year's rally sending the Dow above 29,000 for the first time. Financial markets were briefly spooked after the U.S. and Iran faced off in the MIddle East. The outlook on the markets and the economy discussed with giants in the financial world including Scott Minerd, Global Chief Investment Officer, Guggenheim Partners and Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach. The focus of attention now shifts back to trade with President Trump set to sign the phase one US China trade agreement on January 15th. The USMCA trade deal moves closer to approval in the U.S. Senate. Trade issues discussed with Dr. Peter Navarro, Assistant to the President and Director of the Office of Trade and Manufacturing Policy. Aaron Kirman, one of the top real estate agents in the world based in Beverly Hills talks about the luxury real estate market and his new CNBC show "Listing Impossible."  Jeff Lazerson, President, MortgageGrader, says mortgage rates continue to hover near record lows.