Global  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

'Listen Here Knuckleheads:' Cramer Talks the Trade War, What It Means for Tesla

Video Credit: The Street - Duration: 09:19s - Published < > Embed
'Listen Here Knuckleheads:' Cramer Talks the Trade War, What It Means for Tesla

'Listen Here Knuckleheads:' Cramer Talks the Trade War, What It Means for Tesla

Is it Friday yet?

Jim Cramer broke down why markets are finally pricing in the impact of a trade war with China, as Wall Street turns increasingly negative on Real Money Stock of the Day Tesla and digests earnings from L Brands , Best Buy and looks ahead to Foot Locker earnings before Friday's opening bell.

Welcome to the Next Cold War?

Wall Street has finally come to the realization that trade conflicts with China are here to stay.

On Thursday, Treasury Secretary Steven Mnuchin told the House Financial Services Committee that there are no scheduled talks with high level officials in Beijing, adding that President Donald Trump will likely speak to China's President Xi at the upcoming G-20 summit.

With no end of trade tensions in site, Wall Street opened sharply lower with the major indices down over a percent in early trading.

Cramer said that markets are finally weighing which stocks have been impacted by China and which have further to fall, with the S&P weighing everything down.

"If you haven't left China yet, the president is gunning for you," Cramer said.

Cramer said that at that this point, the $300 billion of additional threatened tariffs on Chinese goods is likely to happen.

"Behind the scenes, President Trump is saying 'Listen up knuckleheads, how much do I have to tell you to get out of China," Cramer added.

If nothing else, Cramer suggested investors seriously look at how exposed their portfolios are to China, as most investors might be more exposed than they realize.

Related.

Jim Cramer: Wait for Trade and Infrastructure News to Hit Prices Hitting the Brakes on Tesla The Tesla bears continue to be out in full force Thursday with the stock hanging below $200 as Wall Street increasingly questions if China will be yet another problem for the automaker.

Cramer said the there is a bizarre dynamic developing in the Real Money Stock of the Day with a constant fumbling between the bulls and bears.

"The stock is a football," Cramer said.

Cramer wants to hear what you have to say about Tesla.

Tweet him @JimCramer.

Related.

Wall Street Cuts Targets as Tesla Stock's Bear Case Builds Retail Watch Continues Jim broke down what investors should take away from earnings out of L Brands and Best Buy and discusses whether Foot Locker can follow in the retailers' footsteps when it reports Friday morning.

Cramer thinks Foot Locker is going to be OK despite some tariff concerns.

"I have seen the light about how sneakers can be like Rothko paintings," Cramer said.

To hear what Jim exclusively told members of his Action Alerts PLUS investing club, take advantage of Jim's Memorial Day Sale.

Watch Jim Cramer's Daily NYSE Show and Replays Below

0
shares
ShareTweetSavePostSend
 

Recent related news from verified sources

President Taiwan Receives Paraguayan Official Delegation – OpEd

On June 20th, 2019, the President of Taiwan Tsai Ing-wen received a delegation chaired by the...
Eurasia Review - Published

Sen. Cramer: ‘I Don’t Think There’s Any Question’ Trump Has the Right to Enforce Immigration Laws

Sen. Kevin Cramer (R-N.D.) told CNSNews.com on Thursday, “I don’t think there’s any question”...
CNSNews.com - Published

Jim Cramer: Stocks 'Would Probably Go Up' if Trump Ousts Fed's Powell

CNBC’s Jim Cramer speculated that the stock market “would probably go up” if President Donald...
Newsmax - Published

Jim Cramer: 'Real World Much Worse Than Stock Market Indicates'

Despite the S&P 500 seemingly hitting new record highs every day, investment guru Jim Cramer has...
Newsmax - Published


You Might Like


Recent related videos from verified sources

3 Ways the 2020 Election Could Impact Your Retirement [Video]3 Ways the 2020 Election Could Impact Your Retirement

The 2020 presidential election will soon become a factor in financial markets, but retirement investors are more concerned about other areas of their finances as the election approaches. Here are the..

Credit: The Street     Duration: 01:09Published

What Investors Should Watch Ahead of the Federal Reserve's July Meeting [Video]What Investors Should Watch Ahead of the Federal Reserve's July Meeting

Comments from Powell and St. Louis Federal Reserve President James Bullard cooled investor optimism about a rate cut next month. "The Fed is insulated from short-term political pressures--what is often..

Credit: The Street     Duration: 01:23Published

What Will It Take to Seal a Trade Deal? [Video]What Will It Take to Seal a Trade Deal?

While you were probably sleeping, Mnuchin told CNBC that a U.S.-China trade deal was around "90%" complete. Mnuchin added, "I think there's a path to complete this" when President's Donald Trump and Xi..

Credit: The Street     Duration: 01:27Published

Goldman Sachs To See Transformation Under New CEO [Video]Goldman Sachs To See Transformation Under New CEO

Goldman Sachs has a new CEO: David Solomon. The storied investment bank is in the midst of a transformation. The Wall Street bank is moving away from high risk businesses like trading that were once..

Credit: Wochit Business     Duration: 00:32Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.