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."
While Donald Trump stated he would be willing to pardon Capitol Hill insurrectionists should he return to the presidency, the January 6 Committee issued subpoenas to 14 individuals who cast bogus electoral votes for the former president in seven states won by Joe Biden in 2020. Molly Jong-Fast, editor-at-large at The Daily Beast, joined Cheddar News to discuss the ongoing congressional investigation. "It is kind of crazy that every time Trump speaks, he kind of confesses a little more of what he was up to, but you really have to have proof," said Jong-Fast.
Natalie Fertig, federal cannabis policy reporter at Politico Pro, joins Cheddar News to discuss a new YouGov poll that looks at how Americans feel about marijuana and politics.
Alex Ward, National Security Reporter at Politico, joined Wake Up With Cheddar to discuss the latest in a looming international threat as Russia continues aggression against Ukraine, in defiance of Western nations.
The recent Virginia and New Jersey elections are making one trend line pretty clear: voters in this climate will vote on education, and it could be a winning tactic for Republicans.
Virginia's race for governor was defined by, as the Republican candidate and eventual winner described it, "school-choice." Florida Governor Ron DeSantis is taking a page out of Governor Youngkin's playbook for his upcoming reelection bid, over-indexing on themes of education. John Kennedy, Florida capital reporter at Gannett, joins Cheddar News to discuss.
North Korea launched its sixth missile test this month, equaling the total number performed in all of 2021. Cheddar News speaks with Bruce Klinger of the Heritage Foundation on why the regime is suddenly ramping up its weapons testing program.
More than 80 lawmakers are calling for President Biden to release a memo outlining the legal pros and cons regarding the president's authority to cancel student loan debt, the total of which sits around $1.75 trillion. Senator Tina Smith (D-Minn.), joined Cheddar to discuss the memo and support the push to forgive student debt that could potentially have a massive positive impact on the U.S. economy. "I think that would be really helpful for all of us to be able to see as we figure out how we can go forward," she said. "It seems like a simple thing to do, and I hope that the administration will release this memo." For her part, Sen. Smith said she believes the president does have the authority to abolish student loan debt.
