TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer reacts to Thursday's stock market rebound from the floor of the New York Stock Exchange and analyzes financial results from retail stocks like Walmart (WMT) and JCPenney (JCP) .

Plus, National Economic Council Director Larry Kudlow struck an optimistic tone on trade talks in an interview Thursday with CNBC.

"My old friend Larry Kudlow talking about [China trade talks] - Larry was bullish about European trade talks - he was also bullish about NAFTA," said Cramer.

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