President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
Attack on Saudi oil facilities shows that 'risk is real', Chevron CEO Michael Wirth said on CNBC's "Closing Bell" Monday.Marketsread more
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
The president has been treating the central bank like a "pinata," Cramer said on "Squawk on the Street." But Powell "ain't quittin'. ... This is a guy who is doing his job. He's adjusted to doing his job."
Cramer spoke after the Wall Street Journal reported that former Fed officials and foreign central bankers worry that Trump's combative stance toward the U.S. central bank could weaken the institution. They say the president's approach could erode nonpartisanship in the Fed's boardroom over time, according to the Journal.
Trump has blamed the Fed's policies, particularly on interest rates, for previous declines in the stock market and slow economic growth.
On Sunday, the president renewed his attack on the central bank in a tweet, saying, "If the Fed had done its job properly, which it has not, the Stock Market would have been up 5000 to 10,000 additional points, and GDP would have been well over 4% instead of 3%."
Cramer said he expects Trump may have "got the wrong guy" when he chose Powell to lead the Fed. But the president shouldn't expect Powell to respond to his criticisms now.
Trump nominated Powell in November 2017 to succeeded Janet Yellen as central bank chair. Powell has been a member of the Fed's board of governors since 2012.
Cramer has also been critical of Powell since the Fed chairman's remarks on Oct. 3 that the cost of borrowing money was a long way from so-called neutral, sparking concerns about possibly more aggressive Fed tightening.
But Cramer expressed renewed optimism about Powell's leadership in March when the central bank indicated it would stall interest rate increases for the year.
"I thought that Jay was great," Cramer said at the time. "It's not easy to start. You make your rookie mistakes, you come back. He's a great guy. Anyone who knows him knows that he course corrected."