Did Jerome Powell Avoid a Trump Tweet? Jim Cramer on the Fed, Oracle and Slack - TheStreet

The weekend is just around the corner...

Jim Cramer tackles the Fed's decision to maintain interest rates, Oracle's (ORCL) - Get Report earnings and Slack (WORK) - Get Report goes public. 

Can Jerome Powell Avoid the Tweeter-in-Chief?

The Federal Reserve announced Wednesday that the Fed members voted to maintain interest rates, though the Fed did take a dovish tone. 

However, the President, who has been putting pressure on Fed Chair Jerome Powell, was pushing for a rate cut.

It has been reported that the White House was looking into demoting Powell back in February.

And then, on Tuesday afternoon, President Donald Trump was asked about Jerome Powell and whether or not the Fed chair's job is safe. Trump told White House reporters yesterday, "Let's see what he does," ahead of the Federal Reserve decision on interest rates.

So, is the Fed's choice to maintain interest rates enough to avoid a tweet from the president? Cramer talks Powell's job security. 

Oracle Earnings

Oracle beat analysts' earnings and revenue expectations for its fiscal fourth quarter, and said first-quarter profit likely would top forecasts.

Adjusted earnings in the fourth quarter were $1.19 a share on revenue of $11.14 billion. Analysts were expecting earnings of $1.07 a share on revenue of $10.93 billion.

The company's cloud services and license support segment accounted for 61% of its revenue, bringing in $6.79 billion in the period, higher than forecasts of $6.76 billion.

So, what is Oracle telling the rest of the cloud sector? 

Slack's Going Public

Today, will be the first day that Slack trades on the New York Stock Exchange.

The reference price--not its pricing point, since it's not IPOing--for Slack Technologies' direct public offering Thursday was set at $26 by the NYSE.

Before you start slacking, Cramer breaks down what to expect going forward. 

Related. Slack's Direct Public Offering on Thursday: Don't Expect a Zoom-Like Ascent 

Watch: Slack's Direct Listing Day: A Look Behind the Scenes