Economic Update For The Month Ending October 31, 2010


Stock markets -Stocks soared in the first three weeks of the month but collapsed in the final ten days, as COVID-19 cases spiked in the U.S. and Europe. Stocks dropped drastically after France, and Germany initiated lockdowns. Investors do not feel that the U.S. will go back to shutting down the economy but do fear that the re-opening will stall, and it will take longer than expected to return to normal. They also believe that Europe’s shutdown will severely affect their economy which was recovering from shutdowns earlier in the year. Congress’ failure to pass another round of stimulus also was a drag on stocks this month, but investors still feel certain that a large stimulus package will be passed after the election. This did not have the effect that the increase in COVID-19 cases had. It should be noted that third-quarter corporate profits have been extremely strong, and the third quarter preliminary GDP increased by 33.1% on an annualized basis from the second quarter when much of the country was under shut down. The output is still below one year ago, but we have been on the right track. The Dow Jones Industrial Average closed the month at 26,501.60, down 4.6% from 27,781.70 last month. It is down 7.1% year-to-date. The S&P 500 closed the month at 3,269.96, down 0.1% from 3,263.01 last month. It is up 1.2% year-to-date. The NASDAQ closed the week at 10,911.59, down 6.5% from 11,167.31 last month. It is up 21.6% year-to-date

U.S. Treasury bond yields – The 10-year treasury bond closed the month yielding 0.88%, up from 0.69%, last month. The 30-year treasury bond yield ended the month at 1.65%, up from 1.46% last month.

Mortgage rates – The Freddie Mac Primary Mortgage Survey released on October 29, 2020, reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate average was 2.81%, down from 2.88% last month. The 15-year fixed was 2.32%, down slightly from 2.36% last month. The 5-year ARM was 2.88, almost unchanged from 2.90% last month.

The U.S. economy added 661,000 jobs in September – The Department of Labor Statistics reported that employers added 661,000 jobs in September. Analysts expected 800,000 new jobs, so this number was quite a bit below expectations. This represented a slowing in the pace of the job’s recovery, as over 1.3 million jobs were added in August. The unemployment rate dropped to 7.9% in September. It was 8.4% in August.

Home sales are released in the third week of the month for the previous month. These are September’s numbers.

September California Home Sales Report – The California Association of Realtors reported that existing, single-family home sales totaled 489,590 on an annualized basis in September. That represented a month over month increase of 5.2.% from August and a staggering year over year increase of 21.2%from the number of homes sold in September 2019. Usually, because of seasonal adjustments, home sales begin to cool in September, but this September marked the highest monthly number of homes sold in over a decade. The median price paid for a home in California was $712,430, up 17.6% from the median price last September. Inventory levels were lower than one year ago. There was just a two-month supply of homes for sale in September.

On a regional level, the median price paid for a home was sharply higher than one year ago. The year-over-year increases were as follows: LA County’s median price was $747,380, up 12.7% from last September. Ventura County’s median price was $787,500, up 19.5% from last September. Orange County’s median price was $915,000, up 10.2% from last September.

U.S. Existing-home sales soared in September – The National Association of Realtors reported that existing home sales in September rose 6.4% month-over-month from August and rose 21% year-over-year from the number of homes sold in September 2019. The median price paid for a home increased 15% from one year ago. The inventory level in the United States was 1.47 million homes, a 2.7-month supply. That is a record low.

Streaming: Netflix Halloween Movies With The Family

With all of us spending Halloween indoors, a great movie with the family with some candy treats sounds like a great alternative to celebrate Halloween and get some themed family time in! Check out these Netflix movies that are fun and entertaining for the kids and the family!

The Addams Family

THE ADDAMS FAMILY, clockwise from right: Raul Julia, Jimmy Workman, Christina Ricci, Dana Ivey, Anjelica Huston, Carel Struycken, Judith Malina, Dan Hedaya, 1991. ph: Melinda Sue Gordon / © Paramount Pictures / Courtesy Everett Collection

They’re creepy and they’re kooky, all right! Perhaps the most classic family Halloween film on the streaming platform is The Addams Family, the film about America’s favorite family filled with supremely spooky characters. This supernatural black comedy first brought the 1960s television comedy to the big screen; and with supreme casting choices including Raul Julia as Gomez, Anjelica Huston as Morticia, Christina Ricci as Wednesday and Christopher Lloyd as Uncle Fester, The Addams Family cements itself as one of the all-time best Halloween movies for people of all ages.


GOOSEBUMPS, from left: Ryan Lee, Odeya Rush, Dylan Minnette, 2015. ©Columbia Pictures/courtesy Everett Collection

R.L. Stine’s creepiest characters come to life in Goosebumps, the supernatural adventure film based on the hair-raising book series of the same name. Starring Jack Black as Stine himself, the spooky film follows the adventures of a group of teens who accidentally unleash the monsters from the books into the real world, terrorizing the local town. It is up to the kids and Dylan Minnette and Odeya Rush, Goosebumps is a family-friendly flick that perfectly honors the highly-acclaimed novels from which this movie was born.

Hubie Halloween

HUBIE HALLOWEEN, center: Adam Sandler, 2020. ph: Scott Yamano / © Netflix / Courtesy Everett Collection

This year’s Halloween comedy film is Hubie Halloween, a classic Adam Sandler comedy with a timely spooky twist. The movie centers on Hubie (Sandler), an eccentric who voluntarily spends every Halloween dedicated to keeping his fellow townspeople of Salem safe. The constant recipient of both malicious and goodnatured pranks, the skittish Hubie has established himself as the laughingstock of town and a major thorn in the police’s side. So when an inmate at a nearby psychiatric hospital breaks loose, it is up to Hubie to overcome his many fears save the town he loves. Also starring Julie Bowen, Steve Buscemi, Maya Rudolph and more, Hubie Halloween is the fantastically-terrible — or maybe terribly-fantastic — film that Sandler promised he would deliver all those months ago.

The Spiderwick Chronicles

THE SPIDERWICK CHRONICLES, Sarah Bolger, Freddie Highmore, 2008. ©Paramount/Courtesy Everett Collection

The Spiderwick Chronicles is a fantasy film about three siblings who move with their mother from their home in New York to the dilapidated house of their peculiar great, great uncle. And like every house previously owned by a weird old uncle, it turns out to be the home to mysterious and magical creatures. From trolls to goblins and evil fairies, The Spiderwick Chronicles is film is geared towards children, but we still advise you air on the cautious side and keep the lights on while watching with your little ones.


PARANORMAN, from left: Courtney (voice: Anna Kendrick), Norman (voice: Kodi Smit-McPhee), Alvin (voice: Christopher Mintz-Plasse), Neil (voice: Tucker Albrizzi), Mitch (voice: Casey Affleck), 2012. ©Focus Features/Courtesy Everett Collection

Fans of the stop-motion animation film Coraline are sure to enjoy ParaNorman, the next movie in the Laika film family. This dark fantasy comedy horror film centers on Norman: a young boy who can see dead people and converses with his grandmother and local ghosts on the regular. But while he uses his supernatural skill to socialize with the dead, he has a very difficult time interacting with the living. So when his wacky old uncle warns him of a 300-year-old witch’s curse that is destined to strike, Norman must convince his friends and family to help him save their Massachusetts town. Filled with witches, ghosts and zombies galore, ParaNorman is a frightening family flick that is well-suited for Halloween festivities.

LA & Valley Eats: Candy Shops

With Halloween looking a little different this year, we have decided to round up some of our favorite candy shops in LA and the Valley for you and the kids to adventure to this weekend!

Dylan’s Candy Bar

Where: 6333 W 3rd Street, Los Angeles, CA 90036

Whimsical candy shop offering a wide selection of chocolates & novelties plus personalized gifts.

John Kelly Chocolates

Where: 1508 N Sierra Bonita, Los Angeles, CA 90046

Boutique chocolatier specializing in handmade items such as truffle fudge & walnut-caramel clusters.

It’s Sugar!

Where: 1000 Universal City Plaza, Universal City 91608

Colorful retail chain offering classic & oversized candy, plus apparel, accessories & novelty gifts.

Sweet Tooth Fairy Custom Candy Buffets

Where: 12213 Ventura Blvd, Studio City, CA 91604

The Sweet Tooth Fairy is a fresh daily, gourmet bakery, specializing in all things sweet – from cupcakes to cookies to cakes and just about everything in between!

See’s Candy

Where: 14006 Riverside Dr, Sherman Oaks, CA 91423

Candies & chocolates are sold by the piece or box at this old-school chain, in business since 1921.


Where: 6600 Topanga Canyon Blvd, Canoga Park, CA 91303

Veteran chain specializing in gourmet Belgian chocolates, truffles, cocoa & other sweet gift items.

Halloween Events This Weekend

Stranger Things: Drive-Into Experience

Where: Row DTLA


This Stranger Things-themed experience will bring the Netflix series to life with an hourlong adventure that transports visitors to Hawkins and the Starcourt Mall circa 1985. You’ll be able to take it all in from the safety of your own car. Hatched by the UK’s wildly creative Secret Cinema, the experience will take groups of 24 cars at a time through a world of mullets and monster hunts, including sets complete with actors in costume and special effects.

LA Haunted Hayride

Where: Frank G. Bonelli Park, San Gabriel Valley


For its 12th installment, the annual hayride is pivoting into a “live drive up experience.” All from within the safety of your car, you’ll venture down “All Hallows Lane” for a slew of Halloween-y elements, including a show screened on a 40-foot screen, scenic environments from previous hayrides and live character. The switch to a car-based experience isn’t the only major change: Griffith Park, where the hayride has previously set up, simply couldn’t accommodate a trail of cars, so instead the event is moving a ways east to Bonelli Regional Park in San Dimas.

Urban Legends of Southern California

Where: OC Fair & Event Center


Urban Legends of Southern California will roll into the OC Fair & Event Center most evenings in October. The experience will translate bits of spooky folklore into a series of special effects and creature-filled sets, plus three interactive show zones that you can park inside of.

Haunt’oween LA Halloween Drive-Thru

Where: 6100 Topanga Canyon Blvd, Woodland Hills, CA


Trick or treating will look a little different this year, but that doesn’t mean you can’t get the whole family together for a drive-through experience to get spooky. Event includes jack-o’-lantern tunnels, pumpkin picking, family-friendly sights and even a bit of “door-to-door” trick or treating—all socially distanced, of course.

Nights of the Jack

Where: King Gillette Ranch, Santa Monica Mountains


Cruise across the grounds of the scenic King Gillette Ranch as the Santa Monica Mountains hideaway is illuminated with thousands of hand-carved jack-o’-lanterns. Nights of the Jack returns this year with a drive-through edition, with timed tickets required each night. Expect to spend about 25 minutes on the mile-long trail, and just a heads up that there will be no food or beverages for sale, nor will bathrooms be available.

Home Tips: Autumnal Oasis DIY Projects

Transforming your home into an autumnal oasis could be as simple as focusing on the small accents you’re bringing into each room of your home. When it comes to the changing of seasons, there is nothing more exciting than when summer fades into fall. The leaves are changing, the weather is cooling down, and your coffee order changes from iced to hot. Fall is a time to put your beach towels back in storage and get back into regular routines. Thus, making it the ideal opportunity to return to your crafting room with these Fall DIY crafts in mind.

Wheat Cluster

For an easy, lightweight decoration that still evokes the glorious fall harvest, try these dried wheat bundles.

Home Décor Craft: Begin by bundling together three to ten stalks of wheat. Then, wrap the stalks of wheat together in twine. Leave about three feet of twine hanging off the bunch in a tail. Next, cut the stalks to approximately three-inches in length. Repeat for as many bundles as desired. Then, push the separate tails on the twines through a chosen bead, loop all at the end, and tie it into a knot. Hang it upside down on your front door as a creative way to say hello to the fall season!

Rustic Woven Lanterns

Thinking of dressing your dinner table with fresh centerpieces this holiday season? Look no further with this eco-friendly and chic way to upgrade your dinner table.

Home Décor Craft: Upcycle old mesh placemats by cutting & rolling them into tubes and stitching them along the seams. Place cylinder-shaped votives around candles. Wax, soy, or electric candles – your guests won’t be able to spy the difference! Candlelight will gracefully flicker through the loose weave of the hurricane lanterns as you entertain over dinner.

Soft Seats

With this DIY craft, dinner isn’t going to be the only warm thing at your table. With these simple slipcovers, you can instantly reinvent dining chairs at your formal dining table over the holidays.

Home Décor Craft: To start, simply drape a finished sheepskin over the back of the chair before securing it with Ultrasuede-tape or cord. Extra fall points for choosing a contrasting cord color. Next, finish securing them to the chair by threading the tie through the sheepskin on each side with a tapestry needle (that will help you create a cuff over the chair’s top). Knot the ends and let them hang loose. Voila!

Harvest Branches

We love how easy these fleeced branches are to put together. Specifically, how they have the power to add a touch of warm color to any setting you place them in.

Home Décor Craft: Simply pull a bit of fleece roving off a ball, and then press the end of the fiber against the branch. Start wrapping tightly, gently pulling the fleece apart (without tearing it) as you go. Wrap the branches until the piece of fleece runs out. Add more fleece as needed to cover the branch. When adding, wrap over the last inch of wrapped fleece with e.

The friction of your fingers on the fibers and the natural oils from your skin helps the fleece stay on the branch and adhere to itself.

Economic Update for the week ending October 24, 2020


Stock markets moderately lower this week – Stocks markets closed slightly lower this week following three weeks of health gains. Third-quarter corporate profits began to be reported. They were stronger than expected. Investors watched for another round of stimulus to be agreed upon, but despite several deadlines, nothing was accomplished. The good news is that investors are convinced one will be passed, but it could be after the election when it will be safer for congresspeople to compromise without the fear of losing votes. The Dow Jones Industrial Average closed the week at 28,335.67, down 0.9% from 28,608.31 last week. It’s down 0.7% year-to-date. The S&P 500 closed the week at 3,465.39, down 0.5% from 3,483.81 last week. It’s up 7.3% year-to-date. The NASDAQ closed the week at 11,548.58, down 1.1% from 11,671.56 last week. It’s up 28.7% year-to-date.

U.S. Treasury bond yields – The 10-year treasury bond closed the week yielding 0.85%, up from 0.76% last week. The 30-year treasury bond yield ended the week at 1.64% up from 1.52% last week. We watch bond yields because mortgage rates often follow treasury bond yields.

Mortgage rates – The October 22, 2020, Freddie Mac Primary Mortgage Survey reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate average was 2.80%, unchanged from 2.81% last week. The 15-year fixed was 2.33%, almost unchanged from 2.35% last week. The 5-year ARM was 2.87%, almost unchanged from 2.90% last week.

The California Association of Realtors reported that existing, single-family home sales totaled 489,590 on an annualized basis in September. That represented a month over month increase of 5.2.% from August and a staggering year over year increase of 21.2% from the number of homes sold in September 2019. Usually, because of seasonal adjustments, home sales begin to cool in September, but this September marked the highest monthly number of homes sold in over a decade. The median price paid for a home in California was $712,430, up 17.6% from the median price last September. Inventory levels were lower than one year ago. There was just a two month supply of homes for sale in September. On a regional level, the median price paid for a home was sharply higher than one year ago. The year-over-year increases were as follows: LA County’s median price was $747,380, up 12.7% from last September. Ventura County’s median price was $787,500, up 19.5% from last September. Orange County’s median price was $915,000, up 10.2% from last September.

The National Association of Realtors will be releasing data next week. The U.S. numbers will be included in next week’s report.

LA & Valley Eats: First Timer’s Guide to LA & The Valley

Wouldn’t it be fun to pretend you are vacationing in the place you already live in? We have created a “First Time” eater’s guide to LA for us, locals, to use to staycation in LA and the Valley OR for those who actually are just moving to LA and haven’t tried these spots yet. Check them out below.

Gjusta – Venice

People who have lived in LA for a while like to talk about how LA is a city of neighborhoods. There’s no neighborhood that provokes more of a reaction than crystal-and-startup-filled Venice, and if you want to understand why, go eat lunch at Gjusta. This deli a few blocks back from the beach is big, busy, and kind of a pain in the butt. You have to take a number, wait approximately an eternity, order your food, and then wait an eternity again, but by the time you’re eating house-made cured fish and a burrata and tomato sandwich, you’ll have forgotten all about that. And probably be completely sold on Venice.

Mh Zh – Silverlake

This Mediterranean restaurant in Silver Lake is basically a glorified sidewalk cafe, with tiny wooden boxes to sit on and a menu written on the back of a brown paper bag. But the real selling point here is the food. Whether it’s hummus with pickles, grilled beets, or a perfectly-cooked ribeye, this is one of our favorite meals in the city and one that won’t break the bank, either. They don’t take reservations, but you can grab a drink at Cliff’s Edge next door while you wait.

Leo’s Tacos – Mid Wilshire

Make Tacos Leo a priority. This taco truck, located in the parking lot of a gas station at La Brea and Venice Blvd., has great tacos across the board, but everyone’s here for the al pastor. Cooked on a rotating spit outside the truck, people stand and stare at this thing like it’s the Mona Lisa of meat. And it basically is.

Portos – Glendale

Porto’s is a family-run Cuban bakery that’s been around since the 1970s. From guava pastries to potato balls to our favorite Cubano in the city, Porto’s food is fantastic across-the-board, and it’s an ideal lunch spot when you don’t want to have another fight with your family about what to eat. With locations in Burbank, Glendale, and Downey, you’re never too far from one of these LA institutions.

Sugarfish – Sherman Oaks

Los Angeles is not Los Angeles without eating sushi, and Sugarfish is a perfect place to start. Started by the man who created the legendary Sushi Nozawa, Sugarfish now has locations across the city, each serving incredibly high-quality sushi that you’ll pay far below market for. As a matter of fact, at $33 for eight courses ($27 at lunch), this is the best deal in town and one you should cross off your list.

Neptune’s Net – Malibu

Your first move should always be Neptune’s Net when you’re venturing towards the ocean out of the valley. The Malibu landmark is a PCH road trip fixture and has the lines to prove it. But its good seafood, great ocean views, and ’50s Americana feel make it all worth it.

Streaming: Top October Releases

As streaming platforms continue to dish out more and more content every day, we are tracking what is best performing on the platforms along with what people are most excited to come out! Check out our round-up below.


Where to watch: Hulu

Even as the Star Wars franchise continues to evolve and expand 40+ years after “A New Hope,” it’s hard to imagine a more incisive parody of the sci-fi behemoth than “Spaceballs.” The 1987 satire from Mel Brooks hilariously lampoons individual characters (Yogurt, Pizza the Hut, Dark Helmet) and pointedly skewers the relentless commercialization of the Star Wars franchise, with criticisms that ring even more true today.

The Trial of Chicago 7

Where to watch: Netflix

The first of Netflix’s Oscar hopefuls is “The Trial of the Chicago 7,” a legal drama based on a true story written and directed by Aaron Sorkin (“The West Wing”). The film centers around a protest at the 1968 Democratic National Convention that turns violent and puts a group of activists on trial. Featuring a deep ensemble cast including Sacha Baron Cohen (“Borat”), Eddie Redmayne (“Fantastic Beasts and Where to Find Them”), Boston native Jeremy Strong (“Succession”), Joseph Gordon-Levitt (“Inception”), Michael Keaton (“Batman”), and Mark Rylance (“Bridge of Spies”), “Chicago 7” just hit Netflix on Oct. 16.

Schitt’s Creek Season 6

Where to watch: Netflix

Eugene Levy and Catherine O’Hara have a long history together, with the comedic actors first joining forces in the 1970s as members of the Second City improv troupe and playing an on-screen couple in movies like “Best in Show” and “A Mighty Wind.” So it makes sense that after 40-plus years of performing side by side, the duo hit gold with “Schitt’s Creek,” a Canadian comedy that follows a wealthy family starting over in a rural town they purchased as a joke before their money disappeared. The show recently set an Emmys record with nine wins in the comedy categories, and Netflix is adding the sixth and final season to its streaming library.

The Cabin in the Woods

Where to watch: Amazon Prime

Like “Scream” before it, “The Cabin the Woods” offers a humorous, incisive take on the horror genre. A group of college kids hanging out together in a remote cabin, including “Avengers” star Chris Hemsworth, seems like a recipe for a run-of-the-mill slasher flick, but writer/director Drew Goddard (“The Martian”) takes the story in interesting, new directions that we won’t spoil here.

Truth Seekers

Where to watch: Amazon Prime

The comic team of Simon Pegg and Nick Frost are responsible for some of the funniest genre riffs of the past 20 years, including “Hot Fuzz” and “Shaun of the Dead.” This time, the duo will play paranormal investigators in “Truth Seekers,” an eight-part series that reaches Amazon on Oct. 30.  As their brushes with the supernatural suddenly increase in frequency and deadliness, they begin to unravel a wide-ranging conspiracy.

Halloween Themed Drive-Ins This Weekend

Poolside Dinner and a Movie Series at L.A. Live

When: Friday, October 23, 2020 @ 7PM


We might be passing go-in-the-pool season, but the sit-by-the-pool season isn’t going anywhere. You can do just that—and eat dinner and watch a movie while you’re at it—during this poolside screening series at Downtown’s JW Marriott. Each $45 reservation includes one appetizer or snack, one entrée, and unlimited popcorn. Hocus Pocus starts at 7PM!

GHOSTBUSTERS & BEETLEJUICE Two Feature Halloween-O-Thon at Glendale Sears Parking Lot

When: Saturday, October 24, 2020 @ 7PM


ELECTRIC DUSK DRIVE IN & SECRET MOVIE CLUB present PARKING LOT CINEMA! First, Ghostbusters will play at 7PM. Next, Beetlejuice will play at 930PM. IMPORTANT NOTE: Gates will open for our First Movie at 5:30pm. If you are just attending the second movie, please arrive no earlier than 8:45pm so we can allow all FIRST FEATURE only attendees to leave and get you in quickly!

San Fernando Valley Summer Drive-In at Westfield Center

When: Saturday, October 24, 2020 @ 7PM


Even before the resurgence of drive-ins, this summertime tradition has been bringing screenings from the comfort of your car to the Valley for the past few years. Typically held at Lake Balboa, this year’s iteration—with includes The Sandlot, Grease, Jurassic Park and La Bamba—is making the jump to Sherman Oaks’ Westfield Fashion Square Mall. As a result, you’ll be able to order takeout options from the mall’s food court to eat in your car as you watch each flick on a 60-foot screen. Hotel Transylvania at 7PM and Scream at 10PM!

THE NIGHTMARE BEFORE CHRISTMAS Family Sunday Glendale Sears Parking Lot

When: Sunday, October 25th, 2020 @ 7PM


ELECTRIC DUSK DRIVE-IN & SECRET MOVIE CLUB present PARKING LOT CINEMA! Family Sunday Halloween-O-Thon consists of The Nightmare Before Christmas! Get there early to reserve your spot, and pre-order your concessions when buying tickets!

Spooky Sunday’s The Drive-In at The Hollywood Roosevelt

When: Sunday, October 25th, 2020 @ 630PM & 930PM


The iconic Hollywood Roosevelt is transforming their valet parking lot into a Drive-In Theatre! This weekend they are showing The Addams Family and Halloween 2. All guests receive complimentary popcorn and they have a full menu and a Stella Artois Airstream!

Home Tips: Spooky Decor Ideas

Your front door is brimming with Halloween décor potential – all you need is a little imagination. Decorating your door requires a bit of creativity, especially if you’re hoping to forge a festive but sophisticated entry display. Below are some spooky Halloween front door décor ideas that don’t sacrifice an inch of style. You can still impress your neighbors who drive by or walk by during these socially distant times!

Spooky Greeters

A little lighting goes a long way when it comes to decorating your door for Halloween. This bat-clad light-up wreath is composed of rattan branches and features glowing LED lights for added eeriness.

Sticky Bats

For a foolproof way to bring an unexpectedly spooky element to your front door this Halloween? These easy-to-use vinyl bats cling to the glass of windows and mirrors and don’t leave any residue behind.

Pretty Pumpkins

Said Halloween décor can’t be chic has never seen these hand-punched ceramic pumpkins. Place a couple of these terra-cotta candleholders on your front porch to create a warm, ambient glow on All Hallows Eve.

Halloween Classic 

For a wreath that captures the playfulness of Halloween? This nostalgic wreath made of natural air-dried maple leaves comes clad in vintage-inspired ghosts, candy corn and jack-o-lantern ornaments for added charms.

Pumpkin Planters

You can always count on pumpkin-shaped planters to make a festive statement at your front door on Halloween. These faux pumpkin planters are composed of weatherproof plastic so they’ll look great on your porch all season long.