The Federal Reserve has plenty of reasons to take preemptive action and cut interest rates, Jim Cramer told his Mad Money viewers, and given the building uncertainty in the global economy, cutting rates is may just be the right thing to do.

While it's true that the consumer is alive a well, Cramer said the bear case for boosting the economy with a rate cut is gaining momentum. The U.S. will need to cope with the effects of increased tariffs, while the economies in China, Europe and across the globe continue to slow.

Even in retail, consumers are flocking to WATCH, Cramer's acronym for Walmart (WMT) - Get Report , Amazon (AMZN) - Get Report , Target (TGT) - Get Report , Costco (COST) - Get Report and Home Depot (HD) - Get Report , but that growth is coming at the cost of smaller, less capitalized retailers. Companies like Macy's (M) - Get Report and L Brands (LB) - Get Report are just two recent examples.

Add to that a weak outlook from the rails, falling commodity prices and the possibility of Boeing (BA) - Get Report shutting down their production lines for the 737 -- and the Fed has more than enough ammo to justify lower interest rates.

Let's not forget, it was the Fed that put us in this situation with an ill-timed and unnecessary rate hike in December, Cramer said. Getting the economy back to where it was only seems prudent. 

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Executive Decision: Salesforce.com  

For his "Executive Decision" segment, Cramer spoke with Keith Block, co-CEO of Salesforce.com (CRM) - Get Report , the cloud software provider that just posted a 22% rise in revenue growth with strong guidance for the rest of the year.

Block said the wave of digital transformation continues and is becoming an imperative at companies all over the world. Every company wants a 360-degree view of their customers, he said, and only by combining sales, marketing and service data into a seamless experience can that happen.

When asked about their $15.7 billion acquisition of Tableau Software, Block said Salesforce delivers growth in two ways. The first way is organically through innovation, and the second is via acquisition, where the company has a long history of successful mergers.

Finally, Block noted that being a modern corporation means paying attention to a lot more than just shareholders. That's why Salesforce is leading efforts to help companies pay attention to all stakeholders, including employees, partners, suppliers, their communities and the environment. 

Executive Decision: Talend

In his second "Executive Decision" segment, Cramer also sat down with Mike Tuchen, CEO of Talend (TLND) - Get Report , the cloud-based data preparation company with share that have fallen since their highs last September.

Tuchen explained that Talend is the first step in the data process, helping companies combine their data from multiple sources, clean it up and get it ready for analysis. For customers like Domino's Pizza (DPZ) - Get Report , Talend combines data from thousands of franchisees to provide winning strategies for increasing revenues and maximizing profits.

Talend works with all of the major cloud providers, including Amazon (AMZN) - Get Report , Google (GOOGL) - Get Report and Microsoft (MSFT) - Get Report , all of which store data, but don't offer companies the ability to analyze in the way Talend can offer. 

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Cloud Computing Stocks

Knowing what you own is imperative for every portfolio, Cramer reminded viewers. That's why he continued his coverage of the cloud computing stocks in the hope that investors can understand a little about this red-hot sector.

Salesforce.com, who we just heard from, was a pioneer in cloud computing space and remains a Cramer favorite. VMware (VMW) - Get Report is the leader in virtualization software that allows one physical server to host multiple virtual ones.

Read: VMware Acquiring Pivotal Software and Carbon Black

Then there's Workday (WDAY) - Get Report , the winner in human resource automation, Coupa Software (COUP) - Get Report , which helps companies manage spending, and Anaplan (PLAN) - Get Report , which helps them with financial modeling.

When it comes to cybersecurity, investors should be looking at Okta (OKTA) - Get Report and Zscaler (ZS) - Get Report , Cramer said, and when they need creative software or an advertising platform, Adobe Systems (ADBE) - Get Report is the only game in town.

Finally, Cramer pointed out Veeva Systems (VEEV) - Get Report , a company providing cloud software to the life sciences industry, and Smartsheet (SMAR) - Get Report , a collaboration and project planning tool.

Never chase any of these stocks higher, Cramer concluded, but certainly have them on your shopping list for the next market selloff. 

No Appetite for Oil Stocks 

In his "No-Huddle Offense" segment, Cramer opined on what's been happening in the oil patch recently. Despite countless analyst upgrades, the oil stocks still aren't moving, and for good reason.

It should be a fabulous time to buy the oil stocks, Cramer said, expect for the fact that we simply have too much of it. Despite exploration and production falling worldwide, the U.S. continues to grow, picking up the slack. We have too much oil, too much natural gas, and thanks to some overpriced mergers, no appetite on Wall Street to keep the oil stocks rising.

Cramer said he would avoid the entire oil patch right now, even with stocks like ExxonMobil (XOM) - Get Report yielding 5%.

Lightning Round

In the Lightning Round, Cramer was bullish on Enphase Energy (ENPH) - Get Report , Proofpoint (PFPT) - Get Report , CyberArk Software (CYBR) - Get Report , Symantec (SYMC) - Get Report , NextEra Energy (NEE) - Get Report and General Mills (GIS) - Get Report .

Cramer was bearish on Fortinet (FTNT) - Get Report and Equity Commonwealth (EQC) - Get Report .

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At the time of publication, Cramer's Action Alerts PLUS had a position in HD, AMZN, CRM, GOOGL, MSFT.