Chinese officials are expected to be in Washington this week to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
Saudi Arabia's defense spending is the world's third-largest — behind the U.S. and China, says Gary Grappo, former U.S. ambassador to Oman.Energyread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
It's not a scientific measure by any stretch but something happened today and immediately Cramer knew a sell-off was imminent.
"I was having my coffee and a couple of people asked me, 'is this thing for real. Are we really in trouble?' I knew then and there we were in for a nasty sell-off," Cramer said.
That's because rhetoric out of Washington and the resulting ripple had finally permeated the general culture to the point where it had become the topic of small talk among strangers.
When Washington is able to generate that much concern on Main Street, Cramer looks for a sell-off on Wall Street. And sure enough by the end of Thursday's session the Dow Jones Industrial Average had plunged by triple digits.
Cramer doesn't expect the selling to end anytime soon. "Everyone has to recognize this was day one," he said.
That's because Cramer believes the coffee shop chatter is happening all around the nation. "Now it's for real," Cramer said. "And when it becomes real, business starts cutting estimates and even jobs.
"We saw that yesterday when United Technologies said that there are 5000 jobs at risk because of the government closure," Cramer noted. "Why should it be any different at rivals such as Lockheed Martin or General Dynamics or Northrop Grumman. If I were an analyst following those companies I would just cut numbers right here right now. Why not? Why not get ahead of this?"
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That Cramer said will become the prevailing sentiment on Wall Street. And ultimately, it will take the market lower.
Now that's not to say every day will be a down day. Cramer doesn't think it will.
"Stocks will probably bounce on Friday, as they often do on Fridays when the short sellers fear that we could get a deal over the weekend. That's how it always is with these political fights."
But Cramer expects gains to be short lived. "I'm not expecting a deal," Cramer said. "And if I'm right and none comes, the selling will just start all over again on Monday."
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