After hearing the very jarring forecast that Boeing gave on Wednesday, Cramer could only conclude that the aerospace group has peaked.
"That doesn't mean the companies involved in the space are necessarily dead," the "Mad Money" host said.
For example, United Technologies reported a solid quarter and Cramer was astonished with how strong its aircraft engine business was. That could be attributed the success to its new geared turbo fan.
Boeing represents America uniquely, but that doesn't mean the other parts makers do. United Technologies does a large amount of business with Airbus, which has some huge orders from Iran and has taken leadership in plane wins from Boeing.
Customers would need to buy dollars first before they buy planes from Boeing, and maybe they would rather buy an Airbus in debased euro before purchasing anything Boeing makes in dollars.
Read More Cramer: Has aerospace peaked? Or is it Boeing...
Another company that has been negatively impacted by the strong dollar is specialty chemical maker PPG Industries.
When PPG reported on Thursday last week, the company reported mixed earnings. Even as its sales came in slightly below expectations, they would have been up 7 percent on a constant currency basis. Unfortunately, Wall Street didn't seem to care about constant currency numbers anymore.
Cramer spoke with PPG CEO Michael McGarry to learn more about the impact of the economy and falling oil prices to the company's bottom line.
"Honestly, falling oil is both a positive and a negative. We are a supplier into the marine business; we are a supplier in the oil business. So, I'd rather be talking to our suppliers about innovation because innovation is what drives us," McGarry said.
In the Lightning Round, Cramer gave his take on a few caller favorite stocks:
Alcatel Lucent: "Alcatel Lucent is OK. It's not great. My charitable trust owns Cisco, which is really down on its luck. Gives you 3 percent yield and is a very strong company."
Sprint: "I'm not feeling the love. I've got to tell you, letter S — I think you can take the money and run after that upgrade yesterday."
Read MoreLightning Round: Take the money and run