Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Stocks in Asia fell Monday morning following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
The athletic apparel company rose nearly 2 percent midday Monday after an analyst at Piper Jaffray said it expected Nike to beat earnings estimates when it reports on June 28. And under the shine of champion LeBron James and with the Olympics on the horizon, Nike shares are looking a lot better, Cramer told CNBC's "Squawk on the Street " on Monday.
"This stock has been really beaten down," Cramer said. "Basketball sneakers have been in the doldrums — maybe this one wakes up. It's still expensive, no doubt about it. But I just think it's kind of spent its time in purgatory. Under Armour has too. "
The stock has fallen nearly 15 percent over the past 6 months amid pressure in the sportswear space, as retailer Sports Authority shuttered and investors perceived a slowdown in North America, according to Piper Jaffray analyst Erinn Murphy. But by Murphy's estimates, Nike's pricing in China could go higher, and the brand remains strong among teens.
"We believe signature basketball's reset should commence in early July ... and would anticipate new innovations to follow the Olympics," Murphy wrote in a Monday research note.
It comes after LeBron James, who has a hefty deal with Nike, cinched the Finals MVP title after leading the Cleveland Cavaliers to victory in game seven of the NBA Finals.
"We view [the Sports Authority] bankruptcy as more noise," Murphy wrote.
Indeed, it may be time to get beyond the gloom of Sports Authority, Cramer said. "A lot of it is just this sentiment that is too negative, I think," Cramer said.