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
"Negative rates, no. We don't want negative rates. That's just a sign that we're not a robust economy," said Cramer, reacting to Trump's early morning tweet, in which the president called the Powell-led Fed "boneheads" and urged central bankers get rates "down to ZERO, or less."
On "Squawk on the Street," Cramer jokingly said he would not call Powell and other members of the Fed "boneheads," but the "Mad Money" did reiterate his criticism of the Fed chief's reluctance to embrace a more aggressive cutting posture as many countries around the world have gone negative with their rates.
The Fed is set to meet next Tuesday and Wednesday. Central bankers are widely expected to cut the fed funds overnight bank lending rate by a quarter point for the second time this year. The current target range for fed funds is 2% to 2.25%. The Fed's July rate cut was the first such move in more than 10 years. Powell and his fellow central bankers have been in the president's cross-hairs ever since they hiked rates four times last year.
In his Wednesday tweet, Trump also wrote that with borrowing rates so low in the U.S. and around the world the government should "refinance our debt." He added, "INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term."
Cramer, who has repeatedly expressed support for government bonds with longer durations than the current 30-year Treasury, said the president has a point.
"I talked about a 50-year bond that we'd all love to 'make our roads great again,'" Cramer said Wednesday. The reference to "roads" was a suggestion to use the proceeds from such a bond sale to finance infrastructure projects.