Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Jim Cramer sees potential buyers disappearing right before his eyes, and China's unexpectedly weak export numbers managed to take it one step further.
"Losing China right now going into earnings period could be a pretty big negative, given that it had been in the thought-to-be-positive column about a month ago," the "Mad Money" host said.
Data released overnight on Wednesday indicated a 10 percent drop in Chinese exports year-over-year last month. It was the worst in seven months. Cramer said it "stuck a knife into the heart" of the commodity rally that allowed stocks like BHP Billiton and Rio Tinto to soar.
Referring to the Baltic freight index, which jumped significantly for the year, Cramer was convinced that copper and oil had already bottomed. Chinese export numbers from September busted that theory.
Companies with heavy ties to China, like Freeport-McMoRan, Cummins, Caterpillar and coal company Teck Resources, which has tripled since the beginning of the year will all be affected. Cramer had a hard time reconciling the reality to Chinese auto numbers, which showed Ford experiencing a 24 percent gain in September.
And while the decline in the yuan did influence some of the weakness, it hardly created a 10 percent drop.
It's not just China, either.
Earnings in the U.S. thus far have reflected that things are not strong, despite many investors calling for the Federal Reserve to raise rates in December. Honeywell and Alcoa said that long-term travel projections are strong, but in the near-term, adjustments must be made to aerospace growth rates.
"Obviously we are building in that hike with this multi-week sell-off right now," Cramer said.
Anything that pokes a hole in aerospace has the ability to reverberate through many other industries, Cramer said. If it continues to weaken, Cramer expects to see earnings disappointments and downgrades to roll in.
Another challenged area was cybersecurity, as Fortinet pre-announced a disappointing quarter.
Finally, there was Samsung. Cramer couldn't deny that the issues with the Galaxy Note 7 could affect the red-hot semiconductor group. Samsung is the largest buyer of equipment that makes chips, which could be bad news for Lam Research, KLA-Tencor and Applied Materials.
"You put it all together and you can see how the loss of large areas of investible sectors can cause declines of the kind of magnitude we have been getting," Cramer said.