Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
The stock climbed 1.72% during the same session, while two major indexes declined nearly 1%.
"Every time you see competitors teaming up to try to take share from PayPal, it just reminds people how these guys are already the undisputed worldwide leader in payments, which is what makes this such a fabulous fintech stock," the "Mad Money" host said.
After the Global Payments and Total System Services merger was announced, investors began speculating that it could dent the market share that both PayPal and Cash App-parent Square Inc. have accumulated, Cramer said.
With Braintree and Venmo under its umbrella, PayPal is "the real juggernaut" of the financial technology sector under CEO Dan Schulman's leadership, he said. Furthermore, Square has done a lot to simplify the cash register and electronic payments with its card reader, not to mention its lending services to small businesses, he added.
Square has a market cap of about $28 billion, which pales in comparison to PayPal's more than $131 billion stronghold.
"The merger makes a ton of sense," Cramer said. "Sometimes, though, the fight isn't worth winning."
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Cramer said that investors should balance exposure to the market with storing cash on the sidelines, because there are "some real worries here."
"I think we could be on the verge of a significant slowdown in the U.S. economy if something doesn't change soon," he said. "Consumer and corporate confidence [is] waning. Things just don't feel right in this country."
Based on the action in the major indexes Tuesday – stocks rallied in the morning before the Dow Jones Industrial Average shed nearly 238 points, the dropped 0.84% and the Nasdaq Composite slipped 0.39%. Cramer said it's hard to live with this market.
"You're damned if you do and you're damned if you don't," he said. "Be patient. Don't pay up for anything here. Wait for your pitch. Right now, in most sectors, it's still too early to take a swing."
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Packaged food company Mondelez International has been able to boost sales despite an "unease" among worldwide consumers, CEO Dirk Van de Put told Cramer.
"If I look at food [companies], they're doing pretty good," Van de Put said in an interview. "I would say, as it relates to their overall life circumstances and how the middle class feels ... the lower class — they don't feel well at the moment."
Geopolitical issues, such as Great Britain's impending breakup with the European Union, is causing uncertainty and weighing on overall consumer confidence, Van de Put said.
But the company has found success by adapting to changing consumer tastes, especially those of millennials, said Van de Put, who has led the company since the end of 2017. That demographic of shoppers has demanded more and more snack products, he added.
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Stock traders speculating that the Federal Reserve will cut interest rates this year could be making a "very risky bet," Cramer said.
Cramer perused Fed Funds Futures analysis by Carley Garner, co-founder of the DeCarley Trading futures brokerage firm. Fed Funds Futures financial contracts are used to predict changes in short-term interest rates.
"The charts, in a completely contrarian way as interpreted by Carley Garner, suggest that a lot of people are anticipating a more lenient Fed," the host said. "And I don't think the Fed will go there unless the economy gets substantially worse from here, although that's always a possibility, given the big-picture data has gotten a heck of a lot weaker over the past few months."
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Cramer talked with Workday CEO Aneel Bhusri after the company reported better-than-expected first-quarter earnings.
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In Cramer's lightning round, the "Mad Money" host zips through his thoughts on callers' stock picks of the day.
Alibaba: "Right now, it's literally the only Chinese stock that I'll recommend, but now they're doing some big listing in Hong Kong (it's) kind of wrecking the whole trade story. This is a proxy for trade. Let's just hold off for now."
Okta: "It's one of our cloud princes. It's gonna go higher. I like this stock, but it did hit a 52-week high today. So let's be careful."