Jim Cramer: It's a 'Mistake' to Ignore Trump's China Comments

Jim Cramer weighs in on the markets on Monday.

Let's talk about the markets. 

It's Monday, May 4.

Stocks were falling in intraday trading Monday for a third straight day as tensions between the United States and China over the origin of the coronavirus renewed fears of a trade war just as countries around the world began reopening their economies.

Criticized for his handling of the coronavirus crisis, President Donald Trump again raised the idea of reprisals against China for its lack of transparency during the early stages of the outbreak.

U.S. Secretary of State Michael Pompeo said over the weekend there was "enormous evidence" that the coronavirus, known as Covid-19, had emerged from a virology lab in the Chinese city of Wuhan.

Also striking the hearts, minds and wallets of many investors was news legendary investor Warren Buffett said Berkshire Hathaway didn't make any major investments when the market dipped due to a lack attractive options. While Buffett did say that betting against America would be a mistake, in a recent column on Real Money, Jim Cramer opined that Buffett lacked the hope he normally instills in the market:

Watch the full video above for Jim Cramer's full take on the markets and how President Trump's comments sent stocks reeling. 

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