squawk box, andrew ross sorkin is with us. good rebound yesterday from the markets. this morning though, of course, down a little bit. the tech stocks are are tanking down. amazon down 3.5%. why have the tech stocks that have made so much people so much money, why where are they underperformed the rest of the dow. growth stocks have been a growth play, a risk on play. people are speculating about their futures. as interest rates get higher, typically people get less speculative. those more speculative plays also typically require more capital. more capital is more expensive as interest rates go up. so that is a little bit of the back and forth. what you re seeing i think today
into effect, everybody loses. contemporary to what kuow says, nobody what about this pot of gold? kudlow on fox news ss the will be a pot of gold at the end of the rainbow. in that pot you ll see better economic growth, more trading and better wages. he calls it a growth play. what might he be seeing that all of those who have been criticizing them maybe don t see? look, it s a little bit unclear, brooke. i think what they re trying to say is trump is going to get us better trade deals. that s what he s after in the end. what he means by better trade deals is unclear. the things that china has been doing that s bad for u.s. companies and they have been misbehaving have mostly to do with intellectual property, acquiring u.s. companies that want to do business there, turn over some of their intellectual property, that sort of thing. the way you resolve those kinds
relax and we solved the problem. wrong. yeah. even in the cbo report you look at the ten-year number it barely moves and beyond the ten years explosion of debt. where is the hope? i think the hope is, first of all, that people understand that this this is the problem and can be fixed and, second, we change our budget processes to really get at that. tim and i talk about rule changes we think would help do that. unless we do that we have a lot to learn from the great failures of the past. what are your thoughts on two things. one, simpson/bowles and ryan plan and this entrepreneur system what role does growth play in submerge from this moment? growth is the big story. we talk in the book will how to measure economic power and one of the reason greats stumbled in the past they figure what wealth