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."
Israel’s parliament on Monday approved the first major law in Prime Minister Benjamin Netanyahu’s contentious plan to overhaul the country’s justice system, triggering a new burst of mass protests and drawing accusations that he was pushing the country toward authoritarian rule.
North Korea fired two short-range ballistic missiles into its eastern sea, South Korea’s military said Tuesday, adding to a recent streak in weapons testing that is apparently in protest of the U.S. sending major naval assets to South Korea in a show of force.
Now the federal Mine Safety and Health Administration has proposed a rule that would cut the current limit for silica exposure by half — a major victory for safety advocates. But there is skepticism and concern about the government following through after years of broken promises and delays.
A state trooper's account of officers denying migrants water in 100-degree Fahrenheit (37.7 Celsius) temperatures and razor wire leaving asylum-seekers bloodied has prompted renewed criticism.
