The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
Secretary of Education Betsy DeVos and her family have seen their investments skyrocket since President Donald Trump started enacting pro-business policies. Meanwhile, DeVos...Politicsread more
The deal between the White House and Democrats was earlier expected to raise the debt ceiling for two years and permanently end the sequester.Politicsread more
See which stocks are posting big moves after the bell on July 22.Market Insiderread more
The construction industry is heavily dependent on Hispanic and Latino workers, a workforce that diminished during the last housing crisis and has not come close to full...Real Estateread more
The deal could be announced as soon as next week, according to the report.Technologyread more
Former NFL offensive lineman Jeff Hatch, who had previously been candid about his own struggles with opioid addiction and substance abuse, pleaded guilty Friday to a drug...Politicsread more
A group of gold miners stocks, "BAANG," are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.Marketsread more
T-Mobile is choosing to move ahead with a merger with Sprint even though it will prop up Dish Network as a new, possibly disruptive fourth U.S. wireless competitor.Technologyread more
Danger is lurking in the stock market: An abrupt sell-off could be around the corner if the Federal Reserve doesn't deliver the rate cut the market expects next week, the firm...Marketsread more
For one, the United States imports much more from China than China imports from the United States, meaning that Trump's tariffs on Chinese goods would more drastically affect producers there, the "Mad Money" host said.
But he noted that some U.S. retailers import industrial parts, machinery and electronics from China, which could put pressure on them as they seek other countries from which to source their products.
"The one wild card? Will the Chinese risk boycotting Apple when it's one of the largest employers in China? " he said. "That's the trillion-dollar question, as in Apple's run at the trillion-dollar market cap hang[s] in the balance here. "
"What's bad for Apple is bad for the PRC," he added.
With Apple's business off the table, it would become clear that China relies more heavily on the United States than the other way around, Cramer argued.
"I think President Trump is willing to take the pain if it means getting China to abandon its most harmful and predatory trade practices, " he said. "Our economy's strong enough that he'll let Boeing and Caterpillar and United Technologies get hurt; same goes for Procter & Gamble and Kimberly-Clark or the beverage companies or Yum China. In the long run, President Trump clearly believes it'll be worth it. "
The "Mad Money" host also flagged one of the United States' biggest advantages: its size.
As a global economic leader, if the U.S. scaled back exports to a communist dictatorship like the People's Republic, it could seriously weigh on Chinese markets, he said.
"China attempted to create a coherent, Western-style stock market not long ago, but it broke down badly last night, with more than 1,000 stocks falling over 10 percent, " he continued. "The Chinese government is going to have to prop them all up — they've done that before — but that's a multi-trillion-dollar undertaking."
So if you're still toying with the question of whether the United States or China is the real paper tiger here, Cramer has your answer.
"I think we may find out that China's the paper tiger," he said. "If you think the sell-off in our stock market was bad, just look at the collapse in their stock market. It's possible this could go on for a long time and get very painful, but I wouldn't be surprised if China ends up folding much faster than anyone expects."