Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
"I would love this to be clarified. We come to a deal on trade, boy, this market is up 10 to 15%, but without it's going to be worrisome," Jeremy Siegel says.Marketsread more
Jim Cramer spent a lot of time going over charts this weekend, and he was left depressed.
"That's what happens after a prolonged correction like the one we have been having, that's what the bear has done to so many stocks," the "Mad Money " host said.
In this roller-coaster market, is there any hope for investors who want to dip their toe into investing right now?
While the market is certainly not cheap with the average stock in the selling at 16.8 times earnings and more than 50 percent of stocks down 20 percent from their highs — it's not totally hopeless.
Cramer said that the only methodical way to make an informed and calculated risk with stocks right now is with dividends, also known as yield protection. Often, investors will stocks with higher yields to be a good bet in times of downturn because regardless of how the stock performs, the yield will provide a recurring rate of investment return.
"A solid yield would help you preserve capital on the downside while allowing you to catch any rally that might finally come your way," Cramer said. (Tweet This)
Read more from Mad Money with Jim Cramer
Cramer warned that when looking for stocks with higher yield, some can be dangerous. For instance, there are plenty of stocks that yield more than 5 percent in the oil patch. But with oil prices dropping as fast as they are, they should be avoided.
Then there are stocks like Caterpillar, which yields 5 percent. But with its business so ingrained with China, what happens if China doesn't turn around?
"I want a dividend stock where I can confidently buy more into weakness," Cramer said.
Cramer recommended Verizon not only because it has a 5 percent yield, because it has better growth than AT&T, and has a lot of promise with FiOS and upside from its recent AOL acquisition.
Another 5 percent yielder is General Motors, which raised its guidance considerably, boosted its quarterly dividend and added a $9 billion buyback plan in the last quarter.
Cramer knows that the juicy yields of these stocks won't stop the market from going down, but they do offer enough protection to preserve capital while waiting for the sell-off to end.
"That may be your best hope in this treacherous, income-starved landscape that increasingly feels like an endless daytime horror show," Cramer said.