The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread 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
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
"It's telling that the is the same valuation that it had in Obama's second term. Even though long-term interest rates are a lot lower than they were in 2013," Cramer said Monday evening on "Mad Money." "Wall Street didn't exactly view Obama as pro-business," due to the former president's tough regulatory stance.
On Tuesday morning, stocks were seeing a broad-based bounce after weeks of struggles on persistent trade concerns and growing worries about whether the U.S. economy can stay strong. Talk of the Federal Reserve keeping interest rates steady for a while has turned to calls for possible rate cuts to halt any slide in growth.
Cramer, who praised many of Trump's early pro-business moves such as deregulation and tax cuts, has been critical of Trump recently for threatening tariffs on Mexico aimed at curbing illegal immigration and for what appears to be the beginnings of a Big Tech antitrust crackdown at the Justice Department and the Federal Trade Commission.
"It's possible that President Trump has realized something that Obama discovered when he was running for his second term: Most voters don't own stocks anymore," Cramer said, adding that as long as Trump's poll numbers are up and the economy doesn't nose-dive, the president feels he can do anything he wants.
In the beginning of his administration, Trump talked about the stock market all the time and viewed it as a report card on his policies. But lately, the pressure on the market does not seem to matter.
"For whatever reason, the president's whims have trumped his pro-business attitude — he's anti-business. And if the Trump administration is going to be less pro-business, investors are going to pay," Cramer said. "Put it all together, you can understand why this market has been hammered for the past five weeks."