Jim Cramer Reacts to President Trump's Tweets
Markets have been moving on President Donald Trump's tweets this week.
Late Tuesday night, President Donald Trump said he would consider alternative aid measures such as a new round of stimulus checks, support for airlines and the Paycheck Protection Program, after halting stimulus talks until after the presidential election earlier in the day.
House Speaker Nancy Pelosi said she was open to a standalone airline relief bill in a telephone conversation with Treasury Secretary Steven Mnuchin on Wednesday, Bloomberg reported, after Trump said Tuesday he would pull his negotiators from broader stimulus talks.
Trump’s announcement over Twitter followed the urging by Federal Reserve Chairman Jerome Powell for Congress to provide more fiscal support since a U.S. recovery would be weak without additional aid from the government.
Later Tuesday, however, the president tweeted that he would be willing to pass relief measures such as a new round of $1,200 stimulus checks.
“If I am sent a Stand Alone Bill for Stimulus Checks ($1,200), they will go out to our great people IMMEDIATELY. I am ready to sign right now. Are you listening Nancy?” Trump tweeted.
In addition to the aid for airlines, Trump said Congress should approve $135 billion for the Paycheck Protection Program to help small businesses.
Jim Cramer responded immediately to Trump's most recent tweets Wednesday morning in the video above.
You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.
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