Jim Cramer Calls Zoom 'Barometer' for Markets Friday

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Stocks were tumbling in intraday trading Friday after President Donald Trump said he tested positive for the coronavirus and the U.S. added fewer jobs in September than forecast.

Just before 1 a.m. ET Friday, the president posted via Twitter that he and first lady Melania Trump tested positive for the novel coronavirus, adding that the two "will get through this together."

Hours earlier, he had revealed that Hope Hicks, his adviser, also tested positive for Covid-19.

White House Chief of Staff Mark Meadows said Friday that Trump's symptoms were mild, and First Lady Melania Trump tweeted that she was also experiencing mild symptoms. 

The announcement early Friday from Trump comes as big cities across the U.S., such as New York, have seen a spike in coronavirus cases. Nearly 7.28 million cases of the virus have been confirmed in the United States, with more than 207,800 deaths, the most in the world.

The announcement also comes with the presidential election just 33 days away.

Vice President Mike Pence and his wife, Karen, tested negative for COVID-19, a spokesman said.

Watch the video above for Jim Cramer's thoughts on what's driving the markets. Hint: Cramer said Zoom stock holds a pretty big clue. 

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here. 

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