The U.S. stock market has been put through the meat grinder for the past week, thanks to China. Cramer knows that the Chinese stock market has become a real problem, but just how bad are things really looking over there?
To find out, the "Mad Money" host turned to Tim Collins, a technician and colleague of Cramer's at RealMoney.com, to get a better read on what the collapse in Chinese equities really means.
Looking at the daily chart of the Shanghai Stock Exchange Composite, the broadest benchmark for the Chinese stock market, Collins knew the market was troubled.
The Shanghai Composite was absolutely creamed from mid-June to mid-July, losing about one-third of its value in less than a month. So, while the market did rally for the past couple of weeks, Collins said that was nothing more than a bearish consolidation pattern where it was marking time before its next leg down.
Collins saw that the Chinese stock market benchmark does have a floor of support around 3,400, which is roughly 260 points below where it currently trades. However, he expects it to break below that level soon.
However, if the Shanghai Composite falls below 2,700, then Collins says we would be looking at almost an exact repeat of when the U.S. market tech bubble burst, back in 2000.
Charts show that from October 1999 through the summer of 2001, the Nasdaq Composite showed stunning similarities to the Shanghai Composite today.
"The rally was incredibly similar, and now the decline is following virtually the same trajectory, too," Cramer said.
Read More Cramer: China looks like Nasdaq's collapse in 2000
Another group that has been getting quietly slammed lately are the agricultural commodities. However, despite the falling prices of soy, wheat, corn and cotton, many companies in the agricultural space have planned wisely and have been able to deliver a solid performance.
AGCO Corporation is the world's third largest maker and distributor of agricultural equipment, such as tractors and combines. And while crop prices have dropped dramatically, AGCO's stock has rallied some 15 percent for the year, despite the fact that the company's sales and earnings have declined significantly year-over-year.
Nevertheless, AGCO reported on Tuesday morning and delivered a 25-cent earnings beat from a $1 basis, with in-line revenues. Additionally, management gave a much higher than expected full- year forecast on the top and bottom line.
So, if the stock can climb amid falling crop prices, what can it do once agricultural commodities start to stabilize? To find out, Cramer spoke with AGCO's chairman and CEO, Martin Richenhagen.
"The markets didn't help us. They were even more down than we were assuming, but we did our homework, we started early and we performed above… and we came through a little better we think for the remainder of the year because of our tax rate, we could manage down a little bit," Richenhagen said.
In the Lightning Round, Cramer gave his take on a few caller favorite stocks:
Habit Restaurants: "Habit is good, I prefer Jack in the Box and I thought Chipotle reported a remarkable quarter last week. I like those more."
Enbridge Inc: "Enbridge I think is very good. It's a very solid company and we need all the pipe we can get. That's been a big mistake by the people selling the pipe stocks. Those are where we absolutely need the infrastructure. I think it's okay, I really do."
Read MoreLightning Round: A huge mistake to sell this oil stock