China responded to the tweet by Houston Rockets GM, Daryl Morey, in support of Hong Kong, by banning the broadcast of NBA pre-season games and threatening the business interest of the NBA in China. Jim Cramer broke down why this story has larger implications for the entire market:
"Senator Warren yesterday came out basically in favor of the GM of the rockets who says that there should be first amendment rights and President Trump has not come out hard against what the Chinese are doing...So now the pressures is on the President, pressures on all the companies that are involved, pressures on Nike (NKE - Get Report) , Apple (AAPL - Get Report) , everyone is going to have to declare"
Watch the video above to see what else Jim had to say about the NBA vs. China and what it means for the market.
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