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."
Jennifer Mattson, Contributing Writer at Fast Company, discusses the impact of Trump's first weekend in office and what's to come from the administration.
Ty Young, CEO of Ty J. Young Wealth Management, joins Cheddar to discuss Trump's moves as he returns to Washington D.C. and how it may affect the U.S. economy.
J.D. Durkin, host of 'Common Threads,' helps us unpack Trump's actions on Day One, talks the most meme-able moments from Inauguration Day and more. Watch!
Jonathan Alter, journalist and author of "His Very Best: Jimmy Carter, a Life", discusses the legacy of the 39th president of the United States, Jimmy Carter.
Jonathan Alter, journalist and author, discusses Trump's threats to take back the Panama Canal, unraveling foreign policy work done by Jimmy Carter in 1978.
Rob Schroeder, Washington Bureau Chief at MarketWatch, discusses the Biden/Trump transition, certifying the election and what Trump plans on doing on day one.
