Cramer: Watch FedEx Report to Gauge the State of Worldwide Trade

Jim Cramer says it's important to look at worldwide trade in order to gauge the Federal Reserve's next steps and a good way to do that is by watching FedEx. He says he'll be diving into FedEx's earnings report and looking to see how many people are using expensive packages, what the state of e-commerce is and what the company is forecasting about the holiday season. He says the best way to get a handle on the holiday season is through gauging e-commerce and the companies who know that area best are FedEx and UPS. Cramer also said this market is all about the transports right now and FedEx is key within that group.