Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
In a text message, Grisham confirmed to CNBC that she will still be working for the first lady even as she takes on her new roles.Politicsread more
Acting Customs and Border Protection Commissioner John Sanders is resigning amid the furor over the Trump administration's treatment of migrant children.Politicsread more
Investors are piling into gold, sending the precious metal to a six-year high, and analysts think the commodity has established a base to go even higher.Marketsread more
Apple's iOS 13 is coming this fall, but you can already try it on your iPhone with the new public beta. Here are some of the best hidden features.Technologyread more
The Conference Board, a business research group, on Tuesday released the June update for its consumer confidence index.Economyread more
Massachusetts Institute of Technology President L. Rafael Reif warned the MIT community of "serious long-term costs" to in an email to the school community Tuesday.Technologyread more
These are the stocks posting the largest moves midday.Market Insiderread more
The yield on the benchmark 10-year Treasury note falls below 2% as investors look for safety following the release of much weaker-than-expected confidence data.Bondsread more
Trump slams Iran on Twitter for issuing a "very ignorant and insulting statement" after the U.S. slapped fresh sanctions on Tehran.Politicsread more
Chills ran down Jim Cramer's spine when he learned that General Mills guided down for its first fiscal quarter. He saw that safety stocks have now become very dangerous.
"This safety group may prove to be the most vulnerable out there at the moment, until the stocks come down to the point where their yields offer more support and the takeover chatter ends," the "Mad Money " host said.
Cramer does not often see a stock like General Mills drop $3 like it did on Wednesday. The company cited rising competition in its yogurt business as it cut August guidance, which reminded Cramer of just how much of a battleground supermarkets are right now.
"No names were mentioned by COO Jeff Harmening, but it looks like Danone's in there taking share and taking no prisoners. And it could get even worse now that the French powerhouse has acquired WhiteWave, " Cramer said.
Cramer wondered when the supermarket pressure would trickle down to consumer packaged goods stocks. They have rallied so much in the past few years that their dividend yields now look unimpressive.
The decline of Campbell Soup following its last quarter startled Cramer. It was one of the best performers in the group, but has fallen nearly 16 percent in the past two months. That is a large decline for a food play.
Both Campbell Soup and General Mills moved aggressively into the natural and organic space in search of growth. However, private label companies like TreeHouse also entered the space with cheaper, store brand merchandise.
"The consumer has gotten even more frugal, while the supermarkets are trying to make as much as they can by pitting their suppliers against each other, and there has been unprecedented food price deflation," Cramer said.
Meanwhile, Amazon is beating everyone in the non-produce category, and is desperately trying to move into the same-day produce delivery business.
"The deflation in food is the black hole that investors are just waking up to," Cramer said.
Only when the stocks in this group fall enough to have more support from their yields will Cramer consider it safe to circle back to what he considers the most treacherous group in the stock market.