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."
Republicans eagerly elected Rep. Mike Johnson as House speaker on Wednesday, elevating a deeply conservative but lesser-known leader to the seat of U.S. power and ending for now the political chaos in their majority.
With mail theft and postal carrier robberies up, law enforcement officials have made more than 600 arrests since May in a crackdown launched to address crime that includes carriers being accosted at gunpoint for their antiquated universal keys, the Postal Service announced Wednesday.
Schools, shops, banks and Iceland's famous swimming pools shut on Tuesday as women in the volcanic island nation — including the prime minister — went on strike to push for an end to unequal pay and gender-based violence.
A group of 33 states including California and New York are suing Meta Platforms Inc. for harming young people’s mental health and contributing the youth mental health crisis by knowingly designing features on Instagram and Facebook that addict children to its platforms.
In a courtroom showdown five years in the making, Donald Trump's fixer-turned-foe Michael Cohen testified Tuesday that he worked to boost the supposed value of the former president's assets to “whatever number Trump told us to."
