Happy Fed decision day!
Jim Cramer takes a look at whether or not Jerome Powell's job is safe, Adobe's (ADBE) - Get Adobe Inc. Report earnings and whether or not we're truly in the 'golden age of creativity' as Adobe's CEO claims, and finally, whether or not now is the time for CBS (CBS) - Get CBS Corporation Class B Report and Viacom (VIA) - Get Viacom Inc. Class A Report to merge.
Is Jerome Powell's Out as Fed Chair?
Reports have surfaced that the White House has looked into demoting Federal Reserve chair Jerome Powell.
And then, on Tuesday afternoon, President Trump left Powell with an ominous message when he responded that he was waiting to see what decision Powell and the Fed have made.
Real Money Stock of the Day Adobe released earnings after the bell Tuesday.
Adobe reported that group sales rose 25% to a record $2,744 billion, as cloud subscription revenues rose 27% to $2.46 billion and digital media sales rose 22% to $1.89 billion.
On the call, CEO Shantanu Narayen said, "Thisis thegoldenageofcreativityandourvision for Creative Cloudistobethe creativityplatformforall.Whetheryou'reastudent,an experienced designer,aYouTuber,or a marketer,storytellingiscentraltothewayyoucommunicateand connect."
Is a Viacom-CBS Merger on the Horizon?
According to the Wall Street Journal, representatives from CBS and Viacom have been in preliminary talks about a potential merger.
The reporting comes after a meeting of CBS directors last week.
However, don't get your hopes up, because Cramer's feeling pretty bearish on a possible merger.