Kudlow: Tech Stocks Still 'Ain't Bad', Even With Correction
*By Carlo Versano*
The White House dispatched chief economic adviser Larry Kudlow to speak to reporters Thursday morning as markets turned deep red in a day marked by volatility and which added to the sell-off in tech stocks.
Kudlow told Cheddar's J.D. Durkin the administration remains bullish on the economy ー and he noted that the tech sector, in particular, was up 50 percent since President Trump's election, "even with this correction."
"That ain't bad," he said.
Kudlow wouldn't disclose whether he advises Trump to speak less critically of the actions of the Federal Reserve ー for which presidents typically reserve a church-and-state type attitude. Trump, for his part, called the Fed "loco" on Wednesday for raising interest rates.
Kudlow told Cheddar: "The advice I give to the president is the advice I give to the president. It's entirely private."
Democratic Kentucky Gov. Andy Beshear and Republican Mississippi Gov. Tate Reeves won reelection on Tuesday, while Ohio voters approved a constitutional amendment guaranteeing the right to an abortion and other forms of reproductive health care. In Virginia, Democrats swept legislative elections in a blow to GOP Gov. Glenn Youngkin.
A Jewish man in California has died after a confrontation during dueling protests over the Israel-Hamas war, and police said Tuesday they had identified a suspect who called 911 after the altercation.
The Supreme Court is hearing arguments in a case revolving around Second Amendment rights. The Biden administration is appealing a ruling that struck down a federal law that bans a person subject to a domestic violence protective order from possessing a firearm.
The Air Force is asking Congress to restrict further construction of the towering wind turbines that have edged closer to its nuclear missile sites in Montana, Wyoming, North Dakota, Nebraska and Colorado.
Voters around the U.S. are heading to the polls Tuesday and some races could have major implications for how things turn out in the presidential election next year.
