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
CNBC's Jim Cramer on Thursday stressed the frustrations that pre-market trading can cause during earnings season.
Reacting to the headlines to make investment decisions can mislead investors that are "trigger happy," the "Mad Money" host said. There is more to the underlying company's story.
"Don't buy or sell anything based on earnings until you've listened to the actual conference call," he warned.
Cramer pointed out trucking giant J.B. Hunt, which, after posting weaker-than-expected quarterly earnings, sold off $3 before closing up $5 on Tuesday. Investors that took a risk and bought shares on the weakness made as much as an $8 swing, he said.
"During earnings season, the headlines come so fast and furious that I think a lot of those headlines are written by machines. They're not great at capturing nuance," Cramer said. "If you waited for the conference call, you would've hurt management say they were disappointed about some line items, but generally they told a story of growth, despite rough conditions."
The host also recalled the stock action in railroad company Union Pacific. The company's shares sold off after CSX delivered an abysmal quarter earlier this week, but Union Pacific beat Wall Street's earnings expectations in its Thursday report. The stock rallied 5.9% during the session.
"Nobody's making you swing at these curveballs, sunshine," Cramer said. "Just be patient and keep your bat on your shoulder until you have all the information."
Get his full thoughts here
The share price tumbled more than 10% during the session and the reaction from portfolio managers influenced moves in the rest of the market as the averages digested earnings, he said. The Dow Jones Industrial Average added a little more than 3 points, snapping a two-day losing streak. The S&P 500 gained 0.36% and the Nasdaq Composite rose 0.27%.
"We've seen Netflix stumble before, especially maybe after a price hike, but not quite like this. In one fell swoop, Netflix went from easy money to hard money," the host said. "In a single quarter, Wall Street went from sanguine to skeptical."
Read more here
Digital banking is a key strategy to appeal to millennial consumers, Bank of America CEO Brian Moynihan told CNBC.
He estimates the bank serves 16 million millennial customers, ranging between the ages of 25 and 41, who have about $200 billion worth of deposits, investments and loans with the bank.
"They have, you know, $60-70 billion of checking deposit ... and then Gen Z adds another chunk on top of that," Moynihan said in a one-on-one with Cramer. "As a millennial-only bank, it would be one of the biggest banks in the country."
Get more here
Cramer broke down why IBM's $34 billion price tag to buy Red Hat was worth the cost.
Paying $190 a share for the open-source software, the October deal came at a 63% premium in part. Cramer argued that premium is understandable because IBM was not the only bidder. In late 2018, Red Hat revealed that there were three other bidders without naming names. CNBC previously reported an offer from Alphabet's Google was entertained, and Stifel analyst Brad Reback also said that Google, Amazon and Microsoft engaged in discussions.
"It was a competitive situation, people, so IBM paid what they had to pay to get the job done," thehost said. "But, honestly, that 63% number it's a little misleading, frankly."
Go deeper here
Steel company Nucor CEO John Ferriola told Cramer that the Trump administration and the U.S. Commerce Department has taken a number steps to prevent China from flooding the U.S. market with cheap and low-quality steel. And for that, he's satisfied.
"We're very pleased with the results that are happening as a result of the tariffs" on Chinese imports, he said in an interview.
Catch the full discussion here
In Cramer's lightning round, the "Mad Money" host zips through his thought about callers' stock picks of the day.
Tesla: "Why do I have to buy the stock? I'm going to congratulate [CEO Elon Musk] for making a lot of cars. I think that does the — I mean that's the ticket."
EPR Properties: "They have hit it out of the park. Buy, buy, buy."
Six Flags Entertainment: "Too hard. It's become too hard. I don't like too hard. That's an example of hard money. I like easy money."
Disclosure: Cramer's charitable trust owns shares of Microsoft, Alphabet and Amazon.