Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
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The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
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"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
"I would love this to be clarified. We come to a deal on trade, boy, this market is up 10 to 15%, but without it's going to be worrisome," Jeremy Siegel says.Marketsread more
Tesla solar energy systems reportedly ignited at an Amazon warehouse in Redlands, California last June, and the Seattle e-commerce titan confirmed that it has no further plans...Technologyread more
"It's like the whole darned thing never happened," the "Mad Money" host said on Tuesday. "Does that make any sense, or does this weakness represent an absurd overreaction?"
Cramer went with the second notion. He pointed to the windfall that occurred after the corporate tax cuts: companies gave out employee bonuses, then searched for things to acquire. Some are still figuring out how best to use the extra cash.
Small- to medium-sized businesses are also showing interest in building more properties, opening more stores and hiring more employees, according to their first-quarter, post-earnings conference calls, Cramer said.
Akins said that the new tax code, combined with federal deregulation, would drive growth in his company's main operating region between Texas and Ohio.
"The expansion is so robust that it's even spread to include retail — that's right, brick-and-mortar retail — a group that had pretty much been written off and left for dead not that long ago," Cramer said.
A smattering of recent earnings reports only bolstered Cramer's point. Results from First Data Corp. and Visa showed a surge in consumer spending since the tax overhaul; the regional banks showed improving loan growth; and numbers from the real estate investment trusts told a story of rising demand and favorable deregulation, the "Mad Money" host said.
"Honestly, the idea that tax cuts have done nothing is patently absurd," Cramer said. "They've led to a real step up in growth all over the country."
And while he acknowledged that the issues weighing down the market — particularly concerns about tariffs and inflation — were legitimate, he thought some money managers had taken their selling sprees too far.
"The inputs I'm looking at are simply too positive to dismiss," the "Mad Money" host concluded. "Stocks are almost right back to where they were before Congress passed the tax cut, even though business is in much better shape. To me, that's kind of nuts, even with all the new big-picture worries that we didn't have six months ago."
"It would be easy for me to be super negative here like so many others that I talk to, but when I look at the data, it tells me being too negative will be a mistake."