Let's Talk Tariffs...Again
We have more news about the China-U.S. trade war.
President Donald Trump tweeted that he was pushing back the Oct. 1 tariffs by 15 days.
....on October 1st, we have agreed, as a gesture of good will, to move the increased Tariffs on 250 Billion Dollars worth of goods (25% to 30%), from October 1st to October 15th.— Donald J. Trump (@realDonaldTrump) September 11, 2019
Cramer focused on the tariffs in his morning column over on Real Money.
Here's a sneak peek into his thoughts on the tariffs:
Despite the president calling his own move a "goodwill gesture" to the Chinese at the behest of Vice Premier Liu He, I don't think it matters much. Nor do I think it is that important that the Chinese this morning are trying to limit negotiations to only trade matters, according to the Wall Street Journal.
That's because the debate in the mainstream media always seems to miss the point: There are no "just trade" matters. The president's negotiations long since left the soybean stage. The farmers may be angry at him, but he knows they aren't going to vote for Elizabeth Warren, the acknowledged second front-runner ahead of Thursday night's debate. So what's the point of appeasing those who will already vote for you?
In Need of An Oracle?
That might be how some Oracle investors are feeling after receiving a double whammy from Oracle Wednesday night.
The company posted earnings a day early and also announced that co-CEO Mark Hurd was taking a medical leave of absence.
Adjusted earnings in the first quarter were 81 cents a share, in line with forecasts, but revenue of $9.2 billion fell short of forecasts of $9.3 billion.
"Though we all worked hard together to close the first quarter, I've decided that I need to spend time focused on my health," Hurd wrote in a message distributed to Oracle employees. The board granted Hurd his request for a leave of absence, he said in a statement.
Oracle Executive Chairman Larry Ellison said that "Oracle has an extremely capable CEO in Safra Catz and an extraordinarily deep team of executives, many with a long tenure at Oracle. Safra [Catz] and I will cover Mark's responsibilities during his absence."
But That's Not All...
We've got a busy Thursday.
After TheStreet's Facebook Live show, Cramer will be joining Fantasy Football expert Bill Enright over on BullMarketFantasy.com for Cramer's Thursday edition of his live show. It will kick off at 10:45 a.m. ET.
And, then, Cramer is going LIVE at 11:45 am E.T. over on Action Alerts PLUS to break down what members need to know about the volatile market.
Disrupting the World of Fantasy Sports
Jim picks stocks on Wall Street, now he's picking NFL players for fantasy football! TheStreet and Sports Illustrated Fantasy are teaming up to unveil our new Bull Market Fantasy channel.
Bookmark BullMarketFantasy.com and watch some of our latest videos with Jim Cramer, Sports Illustrated and our Maven Network.
Bull Market Fantasy. Jim Cramer Reveals the Trait Great Investors and Fantasy Football Players Share
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