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.

More from Video

Ask Jim: Time to Sell or Hold Simon Property Group?

Ask Jim: Time to Sell or Hold Simon Property Group?

Open Enrollment Means Costly Changes for Some Medicare Advantage Beneficiaries

Open Enrollment Means Costly Changes for Some Medicare Advantage Beneficiaries

Market Movers: Brexit Update

Market Movers: Brexit Update

Behind the Smile: A History of Walmart

Behind the Smile: A History of Walmart

Why Does the Fed Have Inflation Targets?

Why Does the Fed Have Inflation Targets?