The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
The U.S. Air Force's top general says he hasn't received direction to send additional bombers to the Middle East after what is believed to be Iranian attacks on Saudi Arabian...Defenseread more
Facebook has partnered with Ray-Ban maker Luxottica to develop augmented-reality glasses code-named 'Orion', people familiar with the matter told CNBC.Technologyread more
"I believe the path to 'health care for all' is a path following the lead of the Affordable Care Act," House Speaker Nancy Pelosi tells Jim Cramer.Health and Scienceread more
The pet food and product retailer posted net sales of $1.15 billion, topping estimates of $1.13 billion, according to a survey of analysts by Refinitiv.Retailread more
E-cigarette maker Juul Labs Inc.'s sales have been halted on two websites in China, just days after it launched in the world's biggest tobacco market.Biotech and Pharmaceuticalsread more
With the price of oil up, Jim Cramer expected Thursday to be a great day for the market. Instead, worries over Deutsche Bank, the biggest bank in Germany, had ripple effects all over the world.
"You can always count on the banks to screw things up royally," the "Mad Money" host said.
Whenever the market worries about the possible solvency of any bank, Cramer only sees negative pin action for investors.
"So if a company like Deutsche Bank may be having real problems, and that's sure how it looks with the stock down 6.7 percent today, then several things are going to play out, and none of them are good," Cramer said.
The first scenario that Cramer said could happen is that Deutsche Bank's credit lines could get pulled, causing it to fall, and take down other banks with it. Many banks lend money to one another, and the presumption will be that money should not be lent to Deutsche Bank right now.
The collapses of banks in the recent financial crisis were not caused by depositors pulling out cash, but by credit getting cut off, Cramer said. That is what happened on Thursday.
This is the systematic risk that many fear. If this happened, Cramer expects a multi-day decline in markets around the world. Cramer thinks the German government will likely not allow this to happen.
"However, until we know that for sure and the systematic risk is totally taken off the table, you can expect the pressure on all stock markets worldwide to continue," Cramer said.
The second scenario is that Deutsche Bank will need to raise money quickly to meet demands. This is bad for shareholders, but would not prove catastrophic for the financial system. Cramer referred to this scenario as stock-specific risk. Until Deutsche Bank raises the money, it will pull European financials lower, and push U.S. stocks down initially.
This scenario would be resolved by shareholders coming in with new capital, or the government taking a stake in the company in exchange for cash it needs to get out of trouble. Cramer saw this as the more likely scenario, as he suspects the German government will be willing to step in and offer the capital it needs as a loan or return of equity.
The third scenario stood somewhere in between the first two, with Germany delaying stepping in and causing multiple days of pressure on the European banks. This could bring the U.S. market down until further clarity is reached. If this situation occurs, Cramer advised to let the market come down and then pick the stocks of high-quality companies that were dragged down.
"Stick with companies that just reported good numbers stick with some PepsiCo, as we did for our charitable trust … If it goes down tomorrow, I'd buy it," Cramer said.
Ultimately, the longer the situation with Deutsche Bank lasts, the more disconcerting it will be for the market until it gets resolved one way or another.