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
The European-inspired panic that brought down the stock market on Tuesday will ultimately turn out to be a buying opportunity, CNBC's Jim Cramer said.
The Dow Jones industrial average sank 391.64 points, or 1.58 percent, to close at 24,361.45 on Tuesday. The fell 1.16 percent to close at 2,689.86, while the Nasdaq composite fell 0.5 percent to finish at 7,396.59.
"Our market gets crushed and everyone acts like the world is about to end," the "Mad Money " host said Tuesday.
Yet "this stuff is good ... for most American companies because it pushes down our interest rates. In fact, I think this European turmoil is absolutely positive for the United States," he added.
However, the market got slammed anyway, namely for three reasons, Cramer said.
One, the market hates uncertainty. Second, people think that a crisis overseas will eventually mean a crisis here. Lastly, investors were looking for any excuse to take some profits, he argued.
Once the panic settles, Cramer sees several reasons to buy.
The negativity and fear has caused interest rates to go down fast, for one. If the yield on the 10-year Treasury sinks to 2.75 percent, which Cramer predicted last week, it would be ultimately terrific for most of the stock market, he said.
Plus, the plunging oil prices are good for retail names and consumer packaged goods companies. Meanwhile, he thinks the strong U.S. dollar, which can hurt those companies, is a side issue.
Finally, Cramer believes the sellers of the S&P 500 today will be the buyers of the small and mid-cap domestic stocks tomorrow.
"Anything that gives us lower rates, lower inflation, more powerful banks, and more purchasing power for homes and cars, is something that's good, not bad," he said. "We just have to wait until the sellers come to their senses and realize that sometimes uncertainty can lead to good outcomes."