In your loop you only call the title using the_title if you want to display the terms of the custom taxonomies you need to call them and the easiest way would be to use get_the_term_list for each taxonomy :
while ( $my_query->have_posts() ) : $my_query->the_post();
echo '<li>';
the_title();
echo get_the_term_list( $post->ID, 'location', 'Location: ', ' ', '' );
echo <br/>
echo get_the_term_list( $post->ID, 'genre', 'Genre: ', ' ', '' );
echo '</li>';
endwhile;