In between President Trump's meeting with Chinese President Xi Jingping this weekend, and next Friday's employment numbers, there's a lot happening, Jim Cramer told his Mad Money viewers Friday. Investors need to stay focused, Cramer said, as he laid out what he'll be keeping an eye on.

Cramer noted that stocks ended higher on Friday, Nov. 30, as investors kept an eye on the start of the G-20 summit in Argentina and prepped for the scheduled showdown between Trump and Xi that could end or intensify the ongoing trade war between the world's two biggest economies.

On Saturday, all eyes will be on the talks to learn if a trade deal can be reached, or more likely, tariffs will rise from 10% to 25% beginning next month.

On Monday, Cramer plans to start the week watching Coupa Software (COUP) , the cloud software procurement system, and he's expecting to hear good things from the cloud.

Next on Tuesday, it's earnings from Dollar General (DG) , AutoZone (AZO) , HD Supply (HDS) , home builder Toll Brothers (TOL) and RH (RH) , formerly known as Restoration Hardware. Cramer was bullish on the three retailers, but wanted to get a read on the economy from HD Supply and the outlook on the housing market from Toll Brothers.

Wednesday brings earnings from Five Below (FIVE) and Lululemon Athletica (LULU) , two retailers that have been pummeled with the rest of retail, but didn't deserve to be.

Then on Thursday we hear from Kroger (KR) , Broadcom (BRCM) and Ulta Beauty (ULTA) . Cramer was bullish on Ulta, bearish on Kroger and was taking a wait-and-see approach to Broadcom.

Finally, on Friday we get the latest non-farm payroll numbers. Cramer said this will likely be the last strong employment report we see and will be the justification for one more interest rate hike before the Federal Reserve takes a pause. 

What To Watch For 

What should investors be expecting from this weekend's meeting between the U.S. and China? Cramer laid out five possible scenarios and gave the likelihood of each.

Scenario 1: A trade deal. With China's economy slowing, a deal is possible, but it's unlikely given China's "no surrender" mantra. Cramer gave this scenario a likelihood of 10%.

Scenario 2: Delayed 25% tariffs. In this scenario, Trump gives China more time and maybe receives some concessions. Cramer said this is another 10% possibility.

Scenario 3: 25% tariffs in January but a hold on new tariffs. Cramer said this was the most likely, with a 50% chance.

Scenario 4: 25% tariffs in January and 10% tariffs on new goods. This is the plan Trump has already proposed and has a 25% change of happening.

Scenario 5: Immediate 25% tariffs on everything. This is unlikely, Cramer said, but he can't rule out a 5% chance of it happening.

What will the market's reaction be to these outcomes? The most likely scenario would be the status quo, but many money managers are not positioned for this outcome. He said the markets will likely sell off  Monday morning, and that's the chance to buy the recession stocks like Procter & Gamble (PG) , PepsiCo (PEP) and Clorox (CLX) while avoiding the techs and the industrials.

Cramer and the AAP team outline their views on the scenarios for this weekend's G-20 summit. Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.

From Snap to Sell? 

Shares of Snap (SNAP) may look like a bargain at just $6 a share, but Cramer warned investors there are some alarming trends at the company that make it a screaming sell.

When Snap came public in 2017, the company looked pretty promising. It had a hot product, stunning user growth, no debt, and $1 billion in the bank. After the IPO, the company's cash hoard rocketed to $3.2 billion.

But after a series of earnings misses, slowing growth and new offerings that are confusing existing users, Cramer said the company's cash position is becoming a concern. Just two years later, Snap's cash now sits at just $1.4 billion. This is because Snap has been a big spender, but it's also because the cloud, it turns out, is expensive when you have hundreds of millions of video uploads on a daily basis.

The day-to-day costs at Snap are extraordinary, Cramer noted, and with the company's stock structure, 80% of the company is controlled by the founders, leaving no possibility for an activist investor to invoke change.

Cramer said with all these risks, and Snap's declining user base, it's ill-advised to invest in this stock no matter how cheap it looks.

Executive Decision: Kar Auction Services

In his "Executive Decision" segment, Cramer welcomed Jim Hallett, chairman and CEO of KAR Auction Services (KAR) , to the show to discuss his company and the outlook for the auto industry given the massive layoffs announced at General Motors (GM) .

Hallett said investors can think of KAR Auction as the New York Stock Exchange of the car business. They facilitate the buying and selling of used and salvage vehicles and have both physical auctions as well as platforms for online auctions.

When asked who buys their vehicles, Hallett explained that even damaged vehicles will be bought by domestic and international buyers that may rebuild them or use them for parts. With the average age of a vehicle on the road now 11.5 years, used cars are playing a bigger and bigger part of the car business.

As for tariffs, Hallett added that tariffs on new cars will only drive more people to the used car market, and prices could rise for used cars as a result.

Finally, Hallett said that Mary Barra, CEO at GM, is a well respected executive that knows the car business. He said if she feels GM needs to restructure, then it's probably the right thing to do.

Over on Real Money, Cramer talks more about the companies that are well-prepared to cope with the impact of tariffs. Get more of his insights with a free trial subscription to Real Money.

Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.

At the time of publication, Cramer's Action Alerts PLUS had no position in the stocks mentioned.

More from Jim Cramer

Market Madness: This Market Is for Stock Pickers

Market Madness: This Market Is for Stock Pickers

Jim Cramer: The Operative Term for This Tape Is Treacherous

Jim Cramer: The Operative Term for This Tape Is Treacherous

Jim Cramer on Why McDonald's Is a Safe Haven in a Volatile Market

Jim Cramer on Why McDonald's Is a Safe Haven in a Volatile Market

'Canada Is a Sovereign State of Goodness,' Says Jim Cramer

'Canada Is a Sovereign State of Goodness,' Says Jim Cramer

Should You Stay Away From Tech ETFs? Why Jim Cramer Is Sticking to Stocks

Should You Stay Away From Tech ETFs? Why Jim Cramer Is Sticking to Stocks