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."
In a defeat for gay rights, the Supreme Court's conservative majority ruled Friday that a Christian graphic artist who wants to design wedding websites can refuse to work with same-sex couples.
House Republicans are divided as they prepare impeachment proceedings against President Joe Biden. Florida Gov. Ron DeSantis said he will eliminate several government agencies if elected. And the White House confirmed that President Biden is using a CPAP machine to deal with sleep apnea.
The Supreme Court ruled Thursday that colleges and universities must stop considering race in admissions, forcing institutions of higher education to look for new ways to achieve diverse student bodies.
Former President Donald Trump is trying to turn the tables on the advice columnist who won a $5 million jury award against him in a sexual abuse lawsuit, saying in a countersuit that she owes him money and a retraction for continuing to insist she was raped even after a jury declined to agree.
Former president Donald Trump continued to deny wrongdoing amid his investigations and criminal case as House Speaker Kevin McCarthy faced criticism for his backtrack on his support for Trump.
