Dow ends week at record high with tech, new Fed Chair and Iran war in focus

The stock market reached new heights, with the Dow closing at a record high for the second day in a row. But amidst the celebration, concerns about the Middle East conflict and its impact on oil prices loomed large. Frank Mottek is joined by Oil analyst John Kilduff joined the show to discuss the situation, warning that a new round of military strikes against Iran could lead to a spike in gas prices. Meanwhile, in California, a proposed tax hike is on the ballot, with the LA Taxpayers Association's Aiden Shaw leading the charge against it. The association argues that the tax increase would disproportionately affect low-income residents and small businesses. Frank also touched on the LA Mayor's contest, where reality TV star Spencer Pratt is gaining ground against incumbent Karen Bass. Pratt's use of AI-generated ads has been a game-changer in the campaign, and his straight-talking approach has resonated with voters. But Bass's response to Pratt's success has been less than impressive, with some calling her comments "jaw-droppingly stupid." The episode also covered the importance of authenticity in messaging, with PR expert Michael Levine discussing his new book, "Authentic PR." As the market continues to soar, investors are looking for ways to stay ahead of the curve. The episode's guests offered insights into the latest market trends and the potential impact of the Middle East conflict on the economy. With the Memorial Day holiday weekend approaching, it's a good time to take a step back and assess the current market landscape. Tune in to this episode of Motech on Money to hear the full discussion on the market's record-breaking week, the proposed tax hike in California, and the LA Mayor's contest. Don't miss the expert insights and analysis from John Kilduff, Aidan Sean, and Michael Levine.See omnystudio.com/listener for privacy information.