Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
A tour bus carrying Chinese-speaking tourists crashed near a national park in southern Utah, killing at least four people and critically injuring up to 15 others, authorities...U.S. Newsread more
To get a real sense of how the economy is doing, Jim Cramer likes to look at companies that produce aggregate products for the construction industry. If a stock like Martin Marietta Materials can report a remarkably great quarter, than he considers that to be a great sign for the U.S. economy.
Martin Marietta makes crushed stone, sand, gravel, concrete, asphalt and cement for various types of infrastructures, both residential and commercial. It is now the No. 2 play in the U.S. and has major exposure to the Texas market after acquiring Texas Industries last year.
The company delivered an 8 cent earnings beat on an 86 cent basis, including revenues that rose 57 percent, year over year. Additionally, it also announced an enormous buyback of 20 million shares. The stock has soared to $137 from $119 in a single session, and closed even higher Thursday, at $142.
Could this be a sign that the U.S. economy will continue to be on the right track for the long term?
To find out, Cramer sat down with Martin Marietta Materials CEO Ward Nye.
"What we saw in volumes going from peak to trough in our heritage business, we went from 205 million tons to 125 million tons. Places like Atlanta saw 70 percent of the volume go away, and now we are seeing that turn," Nye said.
The CEO confirmed that the economy has made a dramatic turn, which has launched Martin Marietta into a No. 1 or 2 positions in 85 percent of the market. Part of the reason for the leading position stemmed from the timing of its strategic acquisition of Texas Industries.
"We tried to be countercyclical; we came back and did the deal with TXI somewhere near the bottom of the cycle," he said.
Read more from Mad Money with Jim Cramer
Cramer Remix: Buy this as oil swings
Cramer: Apple is worth a lot more than you think
Cramer: Thanks Europe—good news for your portfolio
Nye further explained that they are seeing economic recovery not just in the western portion of the U.S. but on the East Coast as well.
"You're seeing employment come back in very strong ways. It's been uneven over the last several years. The west has done much better than the east. But now we are looking at states in the southeast. In North Carolina, Georgia, Florida—economic and employment recovery are somewhere in the Top 5 or 6 in the country. When we see that type of movement, people are buying homes," said Nye.