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. Sen. Bob Menendez of New Jersey pleaded not guilty on Wednesday to federal charges accusing him of pocketing bribes of cash and gold bars in exchange for wielding his political influence to secretly advance Egyptian interests and do favors for local businessmen.
Six young adults and children argued that governments across Europe aren’t doing enough to protect people from climate change at the European Court of Human Rights on Wednesday in the latest and largest instance of activists taking governments to court to force climate action.
Seven Republican presidential candidates will take the stage at the party's second primary debate in California. Jonathan Harris, a columnist and political analyst, joined Cheddar News to break down what to expect as 2024 nears.
The American soldier who sprinted into North Korea across the heavily fortified border between the Koreas more than two months ago was whisked to a Texas Army base Thursday for medical checks and interviews after his return to the U.S., according to the Pentagon.
