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
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
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread 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
The announcement for Target also comes on the heels of a strong quarterly earnings report, where it showed it drove more people to stores and got them to spend more money...Retailread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
On a down day for the major averages, CNBC's Jim Cramer highlighted for investors why the market could get a gift from President Donald Trump appointing CNBC host Larry Kudlow as his top economic advisor.
"First, let me distill Larry's philosophy into one word: growth," the "Mad Money " host said on Wednesday. "Growth is true north for this fine but forceful gentleman, and as long as the president takes him seriously about what's true north, that is good for the stock market."
Calling Kudlow "the most pro-growth person I've ever met," Cramer said that his years working with the TV personality on CNBC's "Kudlow & Cramer" taught him how articulate and "at home with the media" Kudlow was.
"That matters tremendously when you have a president who likes to take his cues from cable news, or at least the people on cable whom he agrees with," Cramer said.
When he defended his point on their show, Kudlow would always start by saying, "With all due respect, Jimmy," Cramer recalled. That showed that Kudlow could respect and listen to opposing arguments, which could undoubtedly come in handy at the White House, he argued.
Moreover, while Kudlow has largely championed the president's agenda, he does not necessarily agree with Trump on a few key issues including trade policy.
Kudlow has shifted his position on trade in recent months, from being one of the most pro-free-trade economists Cramer had ever met to aligning himself closer to Trump's view on needing fair trade with China, Cramer said.
The "Mad Money" host said that re-positioning was a big part of Kudlow getting the job but also showed that the new National Economic Council director could compromise: an integral quality in this heated political climate.
"Here's where I come out. Until these tariffs, the general consensus was that Trump's administration was as pro-business as it could get," Cramer said. "That reputation's been frayed now that the president's put up his dukes against China, and it's hurt the stock market."
But with Kudlow in the room, Cramer maintained that the stock market could still get a boost from his longtime colleague's economic outlook.
"The bottom line? I think my great friend and old partner Larry Kudlow will argue forcefully on the inside for whatever is the most pro-growth position imaginable, but in the end, he'll take the president's views and present them, no matter how harsh, in a velvet fist — with all due respect — that gets the point across even to both sides of the aisle, and more importantly in these days of uber-polarization, both sides of the media," he concluded.