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Larry Kudlow: It looks like a TikTok breakup is going to happen
FOX Business host Larry Kudlow reacts to lawmakers’ efforts to sever TikTok’s ties to the Chinese Communist Party on ‘Kudlow.’
There is virtual unanimity in Washington that either TikTok gets sold by ByteDance — which is the Chinese Communist Party-linked owner of the social media app — or TikTok will be banned for use in America.
Breaking up is hard to do, but one way or another it looks like it’s going to happen. TikTok owner ByteDance is an instrumentality of the Chinese Communist Party.
It engages in spying, surveillance of personal information, cyber espionage and political interference. As the excellent Wall Street Journal editorial put it: “Xi Jinping has eviscerated any distinction between the government and private companies” and “Chinese law requires ByteDance to comply with Beijing’s surveillance demands.”
TikTok’s algorithms are controlled by ByteDance, which means they still have considerable control over American data servers unless the umbilical cord with China is completely severed. Former President Trump has decided to let Congress make up its own mind on these issues.
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Mr. Trump has always feared the national security implications of ByteDance and TikTok, and he opposes an acquisition by Meta, the owner of Facebook, because of Facebook’s past history of conservative censorship and election interference, but Mr. Trump is not weighing in against a TikTok sale to other companies. He’ll let Congress figure it out.
How this is all going to play out remains to be seen, because China doesn’t want ByteDance to sell TikTok. Banning Tiktok, with its 150 million American users, is tricky business. Some states and localities have already banned the TikTok app from government phones.
At some point, CFIUS — the Committee on Foreign Investment in the U.S. — is just going to rule against ByteDance, or TikTok, or the whole package.
China is our greatest adversary and indeed is our enemy. They’re untrustworthy. They use construction cranes to plant tiny cameras to spy on our military bases. The Chinese phone company Huawei built wooden telephone poles with tiny cameras to spy on our military bases, until the Trump administration threw Huawei out.
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TikTok runs pro-Hamas videos, Osama bin Laden speeches, and tries hard to bend youthful minds in the wrong direction on any number of issues, but it seems to me that, most of all, the ByteDance-TikTok story is another example of Chinese Communist infiltration as part of its ongoing war to dominate the United States, and frankly, everybody else in the world.
Bipartisan lawmakers are right. The vote in the House is tomorrow: Either break up with the Chinese Communist Party or break up with America.
This article is adapted from Larry Kudlow’s opening commentary on the March 12, 2024, edition of “Kudlow.”
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As we look ahead to 2024, many homeowners and prospective buyers are wondering what to expect when it comes to mortgage rates. The landscape of the housing market is constantly changing, so it’s important to stay informed about trends and predictions. In this blog post, we will discuss some factors that could impact mortgage rates in 2024 and what homeowners and buyers can expect.
One factor that could impact mortgage rates in 2024 is the overall state of the economy. If the economy is strong and growing, we may see higher mortgage rates as the Federal Reserve looks to combat inflation. On the other hand, if the economy is stagnant or in a recession, we may see lower mortgage rates as the Fed looks to stimulate growth. It’s important to keep an eye on economic indicators such as GDP growth, unemployment rates, and inflation to get a sense of where mortgage rates may be heading.
Another factor that could impact mortgage rates in 2024 is Federal Reserve policy. The Fed plays a key role in setting interest rates, and their decisions can have a ripple effect on mortgage rates. If the Fed decides to raise interest rates in response to inflation, we may see an increase in mortgage rates. Conversely, if the Fed decides to lower interest rates to stimulate growth, we may see a decrease in mortgage rates. Keeping up with the latest news and announcements from the Fed can give homeowners and buyers a sense of where mortgage rates may be heading.
In terms of specific cities and local mortgage companies, it’s important to note that mortgage rates can vary depending on location and lender. For example, in a city like New York City, where real estate prices are high, mortgage rates may be higher compared to a city like Indianapolis, where real estate prices are lower. Additionally, local mortgage companies may offer competitive rates and terms compared to national lenders. For example, in New York City, local lenders like Quontic Bank and CrossCountry Mortgage may offer specialized products and services tailored to the needs of local buyers.
It’s important for homeowners and buyers to shop around and compare rates from multiple lenders to ensure they are getting the best deal. Websites like Bankrate and LendingTree can be helpful resources for comparing rates and terms from multiple lenders. Homeowners and buyers should also consider working with a mortgage broker who can help them navigate the lending process and find the best mortgage product for their needs.
In conclusion, predicting mortgage rates in 2024 is not an exact science, but there are several factors that could impact rates. By staying informed about economic indicators, Federal Reserve policy, and local market trends, homeowners and buyers can make informed decisions about their mortgage. Shopping around and comparing rates from multiple lenders is key to ensuring you are getting the best deal on your mortgage. Whether you’re looking to refinance your existing mortgage or buy a new home, it’s important to stay informed and be proactive in managing your mortgage.
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