The stock market is all about perspective, Jim Cramer told his Mad Money viewers Monday. Sometimes, the market sees the glass half full, while other times half empty. That's why today was such a rarity, with the market putting a positive spin on a host of potentially negative events.

Cramer said the markets viewed North Korea's inaction -- not firing a missile -- on Saturday to be a positive thing, which buoyed international stocks like Honeywell (HON) and 3M (MMM) . The damage from Hurricane Irma was not as bad as some had feared, but between Irma and Harvey, both the housing and auto sector could be poised to rally as recovery efforts get underway.

Tomorrow is Apple's (AAPL) much-anticipated launch event, one that has that stock, along with suppliers like Universal Panel (OLED) , Skyworks Solutions (SWKS) and Broadcom (AVGO) all heading higher.

Cramer said the bullishness extends to FANG as well, with Facebook (FB) , Amazon.com (AMZN) , Netflix (NFLX) and Alphabet (GOOGL) all rallying on rampant optimism.

So while things may be not so great in the real world, positivity ruled, at least for today, on Wall Street.

Over on Real Money, Cramer details the investment opportunities getting the most benefit from market optimism right now. Get Cramer's insights with a free trial subscription to Real Money.

Executive Decision: Procter & Gamble

For his "Executive Decision" segment, Cramer sat down with David Taylor, chairman, president and CEO of Procter & Gamble Co.  (PG) , the storied consumer packaged goods giant that's currently in a proxy fight with activist investor Nelson Peltz.

Taylor explained that Procter & Gamble is a very different company than it was 10 years ago. He said they've refocused on growth and have realigned their product portfolio around 10 categories where superior products drive growth. Shares of P&G are up 37% over the past five years.

Procter & Gamble has also made changes to its international efforts, working hard to mitigate what were previously billions of dollars of foreign-exchange impacts to both their top and bottom lines.

Taylor said he's had multiple conversations with Peltz, and Procter & Gamble has already implemented many of the changes Peltz is advocating, including better execution and holding people accountable for that execution. He said, however, the last thing the company needs right now is a reorganization.

In the end, customers decide whether Procter & Gamble wins or not, Taylor said, and lately, they've been winning, even with the fickle millennial demographic.

Cramer asked whether Taylor found it odd that a company with 61 consecutive years of dividend increases would catch the eye of an activist investor. Taylor responded that they didn't ask for the proxy fight, and that the Procter & Gamble board already has 10 independent directors who are outstanding, and who have deep experience.

When asked why they chose to fight rather than to give Peltz a seat on their board, Taylor said that some of Peltz's ideas, like a reorganization, are not good for the company in the short term, while others, like reducing R&D spending, are not good over the long term.

Is Peltz a good candidate for the company's board? "Sure," Taylor said, "But good is not enough, we want the best."

Taylor explained that he works for all shareholders and not just activists who are looking for quick, short-term gains. Procter & Gamble and its board have done their homework, he added, and Peltz is not a good fit.

Good Chemistry 

Now that the tie-up between Dow Chemical and DuPont is complete and the combined entity is trading as DowDuPont (DWDP) , is it the right time to buy? According to Cramer: absolutely!

Cramer reminded viewers that this is only step one in the company's plan to unleash value. Over the next 18 months, the combined company will be slashing costs and reorganizing itself to prepare for a split into three new entities.

Investors who buy now will get a piece of an agriculture and seed giant, a specialty chemical maker that will include Kevlar and bioscience products, and a materials science company which will make plastics and other consumer chemicals.

All told, DowDuPont expects to slash $3 billion in costs, and Cramer said the company's CEO, Ed Breen, will likely deliver even more. Shares trade at a scant 15.6 times earnings, making it a tremendous value given Breen's track record for bringing out value at Tyco International.

Cramer and the AAP team are telling their investment club members about a recent research report that quantifies revenue from e-sports and how it will affect Activision Blizzard Inc.  (ATVI) . Get in on the conversation with a free trial subscription to Action Alerts PLUS.

Lightning Round

In the Lightning Round, Cramer was bullish on Allergan (AGN) , USG Corp (USG) and Arena Pharmaceuticals (ARNA) .

Remembering Sept. 11

In his final segment, Cramer reflected on the date -- the 16th anniversary of the terrorist attacks of 9/11. He urged all Americans to go see the memorial at the World Trade Center and remember that fateful day, so that the lives that were lost will never be forgotten.

Many school children take field trips to sites and museums that celebrate America's greatness, Cramer said, and that sometimes makes it easy to forget the events of 9/11. The World Trade Center memorial is truly stunning, he said, and it's worthy of remembering.

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 a position in ATVI, AAPL, AVGO, FB, GOOGL, DWDP, AGN.

If you liked this article you might like

Cramer: Under Trump, These Are Probably Done Deals

Cramer: Northrop-Orbital Deal Is Bigger Than Just the Synergies

Honeywell Relocating Global Retail HQ to Massachusetts

First Leg Down of United Tech; Hurricanes -- Jim Cramer's Top Thoughts

Rebuilding Efforts From Hurricanes Harvey and Irma Make These 6 Stocks Must Buys