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."
MarketWatch's Hannah Erin Lang joins Cheddar to discuss how economists are viewing Trump's immigration policy and how it will affect the job market in America.
Nathan Bomey, reporter at Axios, joins Cheddar to unpack what Elon Musk and Vivek Ramaswamy will do as heads of the Department of Government Efficiency. Watch!
Cheddar's Dave Briggs and Peter Green unpack details on Trump and Harris' economic plans. Do people understand tariffs? Who will add more to the debt? Watch!
The Washington Post has lost at least a quarter million subscribers since announcing last Friday it would not endorse a candidate in the presidential race.