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."
U.S. District Judge David Ezra stopped short of ordering Texas to dismantle the wrecking-ball sized buoys on the Rio Grande but called them a threat to safety and relationships between the neighboring countries.
Four months after a civil trial jury found Donald Trump sexually abused and defamed advice columnist E. Jean Carroll, a federal judge has ruled still more of the ex-president’s comments about her were libelous. The decision means an upcoming second trial will concern only how much more Trump has to pay Carroll.
Sentencing of former Proud Boys national chairman Enrique Tarrio for a plot to attack the U.S. Capitol in a failed bid to stop the transfer of presidential power after Donald Trump lost the 2020 election.
The U.S. government is taking a big step toward forcing a defiant Tennessee company to recall 52 million air bag inflators that could explode, hurl shrapnel and injure or kill people.
