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Did you miss last night's "Mad Money" on CNBC? If so, here are Jim Cramer's top takeaways for today's trading.

Apple (AAPL - Get Report) : In an exclusive "Executive Decision" segment and a first on Mad Money, Cramer sat down with Apple CEO Tim Cook to discuss the company's most recent earnings and the tech giant's long-term outlook.

Cook said that despite Wall Street's overreaction to the downside, Apple had a terrific quarter in absolute terms, with $50 billion in revenue and $10 billion in profits. That said, the quarter was not up to Wall Street's expectations, which he explained as customers upgrading their devices at different rates. After a huge upgrade cycle last year for the iPhone 6, this year's iPhone 6s upgrade was smaller.

But Cook stressed that "customers love our products," adding that loyalty rates have never been higher. That, he said, is what's more important to Apple over the longer term. Cook noted that only 40% of the world's population has a smart phone, so there's still a long way to go.

Cook also noted he doesn't talk about Apple's Service division enough. He said that segment, which includes things like the App Store, Apple Pay, Apple Music and iTunes movie rentals, is now the second largest revenue segment for the company and is growing strongly.

When asked about China, Cook said there are a number of things going on. He said the Chinese economy is slowing and the currency weakening but, when comparing sales over a two-year period instead of just two quarters, Apple's sales in China are up 70%. "I could not be more optimistic about China," he said. The same applies to India, a country that's projected to be the most populous nation by 2022 but is only just now rolling out the faster LTE networks needed to support many advanced smart phone features.

Cramer asked whether the company's stock buyback is a trade-off with more research and development spending. Cook said Apple always invests in itself first, including for acquisitions, and then gives the rest of the money back to shareholders. He said Apple remains opportunistic in its buyback efforts.

As for acquisitions, Cook noted Apple buys a company every three to four weeks on average and mainly buys great technology and great people.

Cook also responded to criticism the Apple Watch has been a flop. He said people view the iPod and the iPhone as overnight successes, but they forget those products took years to fully mature -- just as the Watch will. Apple Watch will get better as they learn about their new, exciting category of devices.

Finally, Cook responded to criticism Apple will not do as well in emerging markets as in the developed world. He said critics had the same viewpoints with China, and Apple did $58 billion in revenue in China last year. Apple, he said, knows how to adapt to emerging markets. Many Wall Street analysts just look at the world through a U.S. lens.

 

Newell Brands (NWL - Get Report) : In his second exclusive interview, Cramer sat down with Michael Polk, CEO of Newell Brands, which just completed the acquisition of Jardin last month.

Polk said that Newell hit the ground running when the acquisition closed in April and has already seen a strong first quarter with 5.6% growth. He said while the business models of Newell and Jardin were different, the underlying culture of growth and excellence was very similar, making the companies a great fit.

Polk said Newell plans to continue its growth by becoming as lean and nimble a company as possible. The company forecasts over $500 million in synergies between the two operations. He said Newell aims to fix every brand it can, but it is not opposed to selling those they can't

Cramer said the combination of Newell and Jardin makes the company a housewares powerhouse.

 

International Paper (IP - Get Report) : In his third exclusive interview, Cramer also sat down with Mark Sutton, chairman and CEO of International Paper, which recently posted strong earnings and has entered into an agreement with rival Weyerhaeuser (WY - Get Report) to purchase five pulp mills.

Sutton explained the five new mills will help IP expand into products that collect and retain moisture, such as those used in medical and personal hygiene products. He said he market for such products is global, but the manufacturing of them is largely U.S. based given the types of pulp our county has available.

Beyond the acquisition, however, Sutton noted IP is also working on new waterproof products that are still recyclable, because renewable resources remains a hallmark of what his company is all about.

When asked about the economy, Sutton said that globally IP is seeing a pickup in container board, which is a sign that things are improving around the world.

Given the company's growth and its commitment to its dividend, Cramer said International Paper remains a buy.

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At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL.