Jim Cramer breaks down the week in earnings reports, gets an update on CSX's precision railroading strategy with CEO Jim Foote, gets a read on the digital transformation story with ServiceNow and makes recommendations in chipmakers and medtech.
Ukraine's president brought up the missiles in the July 25 phone call with President Donald Trump that led Democrats to kick off an impeachment inquiry.
Hypersonic weapons travel more than five times the speed of sound and can evade traditional missile defense systems. It's no wonder why Russia, China and the United States all want them as part of their military arsenals.
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.
The United States does not have a defense against hypersonic weapons, which can travel at least five times the speed of sound, or a little more than a mile per second.
Investors earned a 51% return, including dividends, on the investment and his firm Pershing Square made $1.2 billion on the bet which was made roughly two years ago, Ackman said.
Stocks are spiraling as the U.S. and China turn the screws even tighter in their trade conflict. There are corners of the market that offer safety, though, according to one investor.