Friday was another pummeling on Wall Street, as investors continue to stress about the economy and how the Fed will react in regards to interest rates, TheStreet's Jim Cramer told his "Mad Money" viewers. 

The Fed has backed itself into a corner and now finds itself in a lose-lose situation, Cramer said, before taking a look at next week's game plan. 

On Monday, StitchFix (SFIX) - Get Report will report earnings. Cramer wants to see the company's results to get a feel for how e-commerce is doing, as well as how online subscription businesses may be faring. 

On Tuesday, Dave & Busters (PLAY) - Get Report will report its quarterly results and he wants to know how the consumer has been feeling lately. That's a conference call Cramer doesn't want to miss. 

Wednesday features an analyst meeting with Under Armour Inc. (UA) - Get Report management. CEO Kevin Plank will likely tell an upbeat story, but Cramer is interested in how footwear and apparel sales are doing in the U.S. and China. 

Getting to Thursday, Costco Wholesale (COST) - Get Report and Ciena (CIEN) - Get Report will report earnings. After Costco's big rally, Cramer said he's unsure whether the stock can rally any further, no matter how good the numbers are. Starbucks (SBUX) - Get Report will also host an analyst meeting.

Wrapping up the week is Centene (CNC) - Get Report , which has an analyst meeting on Friday. Management's likely to tell a good story, Cramer said. 

Trade War

"The trade war with China is not about trade," Cramer said. Ultimately, it's about who gets to be the global superpower. Investors who believe that the arrest of the Huawei CFO affects trade are looking at the situation all wrong. 

When China began coming to power, the U.S. got behind the country. The goal was to open up its borders, allow the country to grow and to make some money along the way. China embraced some capitalism traits, but certainly didn't go all the way with it, Cramer said. And the country definitely did not embrace democracy. 

Because of the way it's set up, many U.S. companies that operate in China need a joint venture partner to do so, those often steal their intellectual property. Many of these U.S. companies let it go though, because working in China is so lucrative. 

In fact, because the U.S. does so much business in and with China, the U.S. lets the country get away with a lot of things that no other country would be able to do, Cramer reasoned. The White House wants China to be held more accountable. 

Make no mistake, these two countries are grappling for who's going to emerge as the future global power. The tussle is going to crimp earnings for many companies and it's going to amp up volatility in the stock market, Cramer reasoned. 

But this situation is bigger than earnings and it's bigger than the economy. "These are pretty high stakes," he added. 

Cloud Kings

When the market fell apart in October, it brought down Cramer's seven Cloud Kings with it -- Adobe Inc.  (ADBE) - Get Report , Inc.  (CRM) - Get Report , ServiceNow, Inc.  (NOW) - Get Report , Red Hat, Inc.   (RHT) - Get Report , Splunk Inc.  (SPLK) - Get Report , VMware, Inc.  (VMW) - Get Report and WorkDay, Inc.  (WDAY) - Get Report .

These names eventually rallied, with many behind led higher following a fantastic round of earnings. However, due to the market's relentless selling pressure, these cloud stocks now find themselves again moving lower.

This can be a fantastic buying opportunity, because the fundamentals are still going strong, Cramer reasoned. However, investors shouldn't buy into these stocks all at once. Instead, add to them over the course of the correction.

Specifically, he's looking at four names on his list.

Salesforce, a holding in Cramer's Action Alerts PLUS member club, "knocked it out of the park" when the company reported earnings, he said. Its growth remains incredibly strong given how large the company is and investors can start nibbling at the stock.

Splunk is still well off its recent lows in the $80s, but near $105, investors can feel comfortable buying the stock. This company is essential for analyzing and interpreting big data and reported a huge beat last quarter. It also provided strong guidance, Cramer noted.

WorkDay is also a worthwhile buy at current levels, as the "Salesforce of human resources" reported a great quarter and strong guidance, he explained.

Finally, VMware is the slowest but steadiest name of the bunch, Cramer reasoned. This is a good pick for investors looking for cloud exposure who don't want the heavy volatility.

Executive Decision: Domo

On the show's "Executive Decision" segment, Cramer sat down with Josh James, founder, chairman and CEO of Domo Inc. (DOMO) - Get Report

While this is still a speculative small-cap stock, it reported blowout numbers and issued strong guidance, Cramer said, adding that this quarter put investors' worries to rest. On a day where the market struggled, Domo erupted nearly 30% as a result. 

Domo runs a cloud-based operating system that allows companies to manage their business from employees' phones. Users can access real-time data and know exactly what's going on.

James provided an example, saying how Domo continues to expand throughout each department at Target (TGT) - Get Report . Now the CEO or regional manager can walk into a store a know exactly what's selling well and what's not selling well on any given day.

The potential for Domo is noteworthy, but the company is seemingly undercharging for its service. James explained that this tactic is to bring in customers and allow for Domo to increase its scale. 

Wall Street's biggest worry seems to be cash flow and the company needing to do another capital raise. James said that's not the case and that Domo raised all the capital they needed to when the company went public. Domo will become cash flow positive without raising any more money, he reasoned. 

Lightning Round

In the Lightning Round, Cramer was bullish on Waste Management (WM) - Get Report and Abbott Labs (ABT) - Get Report .

He was bearish on SiteOne Landscape Supply (SITE) - Get Report , Casella Waste Systems (CWST) - Get Report and GlaxoSmithKline (GSK) - Get Report .

Executive Decision: Union Square

On the show's second "Executive Decision" segment, Cramer said down with Danny Meyer, CEO of Union Square Hospitality Group. He's the hospitality expert behind enterprises like Shake Shack (SHAK) - Get Report , Gramercy Tavern and Union Square Cafe. He was joined by Mark Leavitt, CIO of Union Square Hospitality Group.

The company recently launched Enlightened Hospitality Investments, a fund that invests in companies that share his focus on amazing customer experiences. Meyer explained that when he was on the "Mad Money" show almost 10 years ago, he picked out companies that made employees and customers feel great. Over the years, those stocks widely outperformed the market and that made his team think, why not do this in the private sector?

Thus, the fund was born and so far they have made investments in a companies like Joe Coffee Company, Resy, Goldbelly and Salt & Straw.  

Joe Ariel, the CEO of Goldbelly, was also there. He explained that at his company, "our mission is to bring people comfort through food experiences wherever they are."

The company serves as a platform for gourmet and speciality foods, allowing them to be shipped all over the country. "Any food, any where, any time," Ariel added. In that sense, it's much like Etsy (ETSY) - Get Report in what it does for handmade crafts and items.   

Meyer explained that we live in a world where customers want comfort and they want convenience. But there is also a big appetite for new and prior experiences and for many people, that comes from food.

Whether the many changes in the restaurant landscape are a good thing or bad thing for businesses, Myers asks, who am I to tell the customer what they want? Companies need to adapt to their customers' wants and desires. 

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