Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
U.S. stock index futures point to a higher open on Monday morning as the White House sought to calm investors over growing concerns about the U.S. economy.US Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
"Apple, using some of the gigantic $252 billion cash hoard that it has overseas, announced [Wednesday] what I think is a modern-day Marshall Plan for the U.S. economy, " the "Mad Money " host said. "Apple committed to directly investing $350 billion into the United States over the next five years, including $38 billion in repatriation taxes. "
Cramer was referencing the United States' 1948 initiative in which the Truman administration devoted $140 billion, adjusted for inflation, to rebuilding Western Europe after World War II.
In some ways, Apple CEO Tim Cook's thinking was bigger than General George Marshall's, Cramer argued after a phone conversation with Cook himself.
In his conversation with Cook, Cramer said the CEO emphasized the need for his company to be a leading corporate citizen and create jobs that will last through technological advances.
"He emphasized that he's done his best to ensure that everyone Apple touches does better with this newfound money. And that's what made me think of the Marshall Plan," Cramer said.
"Cook told me something else today that crystallizes what is happening in the stock market and in the economy," the "Mad Money" host continued. "He said that 'While some of these efforts were indeed in the works, Washington enabled most of this job-creating plan to occur by changing the tax code to allow companies to return capital to all stakeholders,' a series of reforms that Tim has championed for quite a long time."
Of the $350 billion Cook's company committed, $55 billion is set to be directly injected into the U.S. economy sometime in 2018.
In addition, Apple announced Wednesday that it would create 20,000 jobs via direct hiring at its existing campus and the new campus it plans to build.
"Frankly, I think Apple's view of how to generate jobs, how to create wealth away from the shareholder base, is probably a heck of a lot better than anything the government could ever do," Cramer said.
In Cramer's last interview with Cook in May 2017, Cook said Apple was already supporting over 2 million jobs, if one considers its direct employees and the employees of its 9,000 suppliers.
With the plan announced today, Cramer predicted a "multiplier effect" that would create millions more.
And while Apple is only one company and can't speak for its corporate compatriots when it comes to influencing the economy, Cramer said the bottom line was undeniable.
"Whatever you think of the president, part of his agenda is working. If Apple turns out to be the tip of the iceberg, then this already strong economy could get even stronger," Cramer said. "And frankly, I don't know about you, [but] I'd rather have Tim Cook deciding what to do with this cash than anyone in the capital."