In the Lightning Round, Cramer was bullish on
Philip Morris International
Cramer was bearish on
20 Years of Faber
In a special interview, Cramer sat down with
colleague David Faber, who is celebrating his 20th anniversary with the network covering mergers and acquisitions and activist investing.
Faber said the landscape of business journalism has changed a lot over the years. Gone are the days of reporting on a deal after it happens -- now reporters like himself are gathering bits and pieces of information, most of it incorrect, from all sorts of sources. The key is to provide clarity, along with insight and analysis once the story is known in its entirety, he said.
Faber and Cramer also discussed the changing landscape of activist investing. Faber said that boards of directors are taking activists seriously in today's world, and activists themselves have changed their tactics in order to be taken more seriously. That's how companies including
have been persuaded to listen to, for instance, Carl Icahn in the case of Apple. These activists are taking more long-term positions and are making a difference to shareholders.
Cramer thanked Faber for his 20 years of service to investors and looks forward to many more. There aren't too many people who can do what Faber has done over these past two decades, he concluded.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer said history teaches us nothing about what to expect during a government shutdown, as today's markets are vastly different that those of the 1990s.
Cramer said during the Clinton-era shutdowns, the
actually rose because getting spending under control was seen as a huge positive. But back then Washington was treated separately from Wall Street, and what companies said and did was far more important than any legislation.
Flash forward to today, however, and the markets are immersed in Washington and indeed all global politics. That makes judging the effects of tomorrow's shutdown far more difficult, especially given the mixed messages the economy is sending.
To watch replays of Cramer's video segments, visit the Mad Money page on CNBC
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-- Written by Scott Rutt in Washington, D.C.
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