It’s the final full week of trading before the holidays.
So, let’s get to it.
Jim Cramer is weighing in on the most recent Boeing news, the U.S.-China trade deal and the Elizabeth Warren.
We Have Officially Secured a Trade Deal
At least, according to U.S. Trade Representative Robert Lighthizer.
Lighthizer told CBS’s “Face the Nation” that the agreement, reached after more than two years of negotiations between the world’s two biggest economies, was “totally done” and would include the suspension of certain tariffs and the rollback of others in exchange for China’s agreement to buy around $200 billion worth of American-made goods, including agricultural, energy and manufacturing products, over the next two years.
“Ultimately, whether this whole agreement works is going to be determined by who’s making the decisions in China, not in the United States,” Lighthizer said. “If the hard-liners are making the decisions we’re going to get one outcome, if the reformers are making the decisions – which is what we hope – then we’re going to get another outcome.”
Why Does Cramer Have Elizabeth Warren on the Mind?
Cramer had some thoughts on Elizabeth Warren and her potential impact on the bull market Monday morning. He broke them down over in his column on Real Money.
“Can we have another good year in 2020? Is there room to run? Before we say yes, I think predicting the stock market is a little like predicting the outcome of a football season,” wrote Cramer. “You look at the schedule of games, you make notations about opponents and then, in the back of your mind you keep thinking of one thing: The game is played with this bizarre oblong ball that tends to bounce in different ways and doesn’t always — if ever — do what you expect.”
He continued, saying, “But the Warren wild card? She will decide if the bull has room to run, or, more pointedly, the electorate will, and if she is chosen I am with my insurance friends, get some cash as insurance.”
What’s Going on With the 737 MAX?
Boeing is Real Money’s stock of the day.
According to the Wall Street Journal, Boeing is weighing the potential impact of pausing or reducing the production of the 737 MAX jets.
The MAX has been grounded since March after deadly crashes in Indonesia and Ethiopia killed a total of 346 people.
When asked for comment, a Boeing spokesman told TheStreet in an email that the company is continuing to work closely with the Federal Aviation Administration and other regulators for the “certification and the safe return to service of the MAX.”
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