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
Company leaders across industries are telling Jim Cramer — off the record — that they're worried about a slowdown in the U.S. economy, Cramer said Thursday on CNBC.
"So many CEOs have told me about how quickly things have cooled," the "Mad Money" host said. "So many of them are baffled that we could find ourselves in this late-cycle dilemma that wasn't supposed to occur so soon."
Cramer has been warning investors for weeks about a manmade slowdown in the U.S. economy, fueled by the two-pronged pressures of the Federal Reserve's interest rate hikes and the Trump administration's tariffs. Now, high-profile CEOs are worried about growth slowing so drastically that it could actually hurt the economy, he said.
"There are degrees of slowdowns that, nonetheless, can cause an awful lot of havoc and cost a lot of jobs, and that's what we're on the verge of here," he said. "That's what the markets are saying. That's what the CEOs are worried about offline."
The situation reminded Cramer of when, on the cusp of the 2008 financial crisis, his corporate sources confided in him that the Fed "seemed to be out of touch ... with what was happening" on Wall Street, he said. That led to his now-famous "They know nothing!" rant blasting the Fed for its lack of diligence.
"I was right," he said. "I did my best and, at that time, I made a resolution. If I thought we would ever get back into one of these situations again, I promised myself I'd be vocal about what could go wrong, even if I knew it wouldn't be as serious as the Great Recession."
Weakness in Europe and Asia's economies isn't helping, he said, pegging the respective slowdowns to Brexit pressures and instability in the Italian government and China undergoing a mass slowdown tied to President Donald Trump's tariffs.
If the Fed and Trump stay the course on their policies, the weakness will feed into the stock market as it did on Thursday, the "Mad Money" host warned. The action in shares of Walmart, Home Depot and Macy's told the story, he said: all three companies recently reported strong quarters, but subsequently saw their stocks plummet on economic fears.
"This end-of-cycle logic raises its head everywhere," Cramer said. "Everything was good, so good that it can't ever be better because we're at the end of the cycle. 'Late-cycle.' It's become almost circular reasoning. The stock can't go higher because it's the end of the cycle and it's the end of the cycle because the stock's down."
That, combined with the chief executives' warnings, told Cramer that stocks can't possibly be safe while the bearish narrative about debilitating economic weakness reigns supreme.
"If the Fed changes course and says 'No more rate hikes ... next year unless the data gets more positive,' or if President Trump gets a trade deal with China or even does this kind of truce, then the end-of-cycle proponents may have to change their tune and the market can rocket higher, " he said. "Otherwise, though, rallies like today are going to be used to re-position portfolios because the bears have the late-cycle microphone and they just will not let go."