"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
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Yields slipped after Powell said that the central bank will continue to act as appropriate to sustain the economic expansion.Bondsread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The president tweeted Friday morning that he was ordering "our great American companies" to "immediately start looking for an alternative to China."Marketsread more
Semiconductor stocks and shares of Apple slid on Friday after President Donald Trump said U.S. companies should "immediately start looking for an alternative" to their...Technologyread more
The two American car companies are among the top exporters of U.S.-produced vehicles to China along with BMW and Daimler/Mercedes-Benz, according to industry data obtained by...Autosread more
Multinationals that rely on the supply chain from China are tumbling after President Donald Trump ordered them find alternatives to their Chinese operations.Marketsread more
Powell repeats his pledge to keep the economic expansion going while acknowledging that tariffs and other factors are causing growth to slow.The Fedread more
These are the stocks posting the largest moves in midday trading.Market Insiderread more
"I don't trust this market at all," Cramer warned on "Squawk on the Street" as stock futures pointed to a higher Wall Street open, which in fact came to pass through the morning. "[Trump] has made it so we got to wait to be able to buy."
Trump is "really disturbing the zeitgeist of the stock market," Cramer said. "He should knock the tweets off if he wants the Dow to start going up, at least today."
On "Mad Money" on Monday evening — after the Dow Jones Industrial Average and the each lost about 2.4% on China's tariff response to last week's U.S. hike — Cramer said Wall Street is nearly oversold and investors should get ready to load up on names that can withstand higher tariffs.
However, in light of the uncertainty around Trump's new tweets, Cramer on Tuesday advised investors to let things shake out, saying there may be a buying opportunity in stocks later in the session.
In late morning trading, the S&P 500 was making up about half of Monday's losses, which had sent the index down for a total of nearly 5% from its May 1 intraday all-time high. So far in 2019, the S&P 500 has gained about 13% — and since the crushing Christmas Eve 2018 low, the index has soared more than 20%.
On Monday, China said it will raise tariffs, some to as high as 25%, on $60 billion in U.S. goods, in retaliation for the Trump administration's decision last week to increase duties on $200 billion worth of Chinese products from 10% to 25%.
Meanwhile, the Office of the U.S. Trade Representative is taking steps to prepare to slap tariffs on the remaining billions and billions of dollars worth of Chinese goods coming into the U.S.