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☆ Bernstein's Alexia Howard on what RFK Jr. as Trump's HHS secretary would mean for the food industry
▼ + stars: | 2024-11-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBernstein's Alexia Howard on what RFK Jr. as Trump's HHS secretary would mean for the food industryAlexia Howard, equity research analyst at Bernstein, joins CNBC's 'The Exchange' to discuss how to trade food stocks as discussions about ingredients ramp up, how the food industry could change under a new Trump term, and more.

Persons: Alexia Howard, Bernstein Organizations: RFK, Trump

☆ The Houthis appear determined to score a hit on the American and European warships in the Red Sea, US envoy says
▼ + stars: | 2024-11-19 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

AdvertisementThe Houthis appear determined to strike US and allied warships in the Red Sea. The Houthis appear determined to strike American and European warships as part of their ongoing campaign of Red Sea attacks, a senior US State Department official said. The oil tanker MV Sounion on fire in the Red Sea following multiple Houthi attacks. US warships are frequently tasked with intercepting Houthi threats, including attack drones and anti-ship missiles, above the Red Sea and Gulf of Aden. Related storiesUS officials have routinely said that Washington is committed to fending off the Houthi attacks, which have disrupted a key global supply route.

Persons: —, Yemen Tim Lenderking, Lenderking, Pat Ryder, Washington Organizations: US State Department, European Union, US Navy, Pentagon, Houthi Media Center, Galaxy, Houthi Media, AP, US Defense Intelligence Agency Locations: Red, Europe, Yemen, Iranian, Gulf of Aden, Iran, Mandab, Russia, Gulf of Aden ., Africa

☆ India central bank plans 2025 launch of cloud services, countering dominance of global firms
▼ + stars: | 2024-11-19 | by ( ) www.cnbc.com time to read: +2 min

India's central bank will launch a pilot program in 2025 offering local cloud data storage to financial firms at affordable prices, according to two sources aware of the matter, who declined to be identified as conversations are confidential. The Reserve Bank of India's planned cloud platform will use local IT firms, pitting it against the likes of Amazon Web Services, Microsoft Azure, Google Cloud and IBM Cloud, in a first-of-its-kind initiative from a major global central bank. In December last year, RBI governor Shaktikanta Das announced plans to set up a public cloud for the financial services industry. Initial work on the cloud is being driven by the research wing of the central bank called the Indian Financial Technology and Allied Services. It will then be developed further in partnership with one or more private sector technology firms, according to the sources.

Persons: Shaktikanta Das, EY Organizations: Bank, Reserve Bank of, Amazon Web Services, Microsoft, Google, IBM, International Data Corporation, Indian Financial Technology, Allied Services, Reuters

☆ China is doubling down on Latin America ties to bolster influence and trade, experts say
▼ + stars: | 2024-11-19 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

China's President Xi Jinping (L) and Peru's President Dina Boluarte shake hands during a meeting at the government palace in Lima on November 14, 2024, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Summit. Beijing is strengthening economic ties in Latin America as it seeks to further bolster trade and gain influence in the resource-rich region, experts told CNBC. "The completion of Chancay Port will effectively consolidate Peru's role as a gateway linking shipping routes across land and sea, and between Asia and Latin America," the spokesperson said Friday. Experts say that the port cements China's growing position as a top trade partner of Peru and the rest of Latin America, as it supplants the U.S. in its own backyard. "The port of Chancay is seen as a game changer in the logistics of Latin America," Juan Carlos Ladines Azalia, professor of international affairs and international trade management at Peru's Universidad del Pacífico, told CNBC.

Persons: Xi Jinping, Dina Boluarte, William Reinsch, Scholl, Reinsch, Lin Jian, Juan Carlos Ladines Azalia Organizations: Economic Cooperation, Summit, CNBC, China, Business, Center for Strategic, International Studies, Foreign Ministry, Peru's Universidad del Pacífico Locations: Lima, Asia, Beijing, Latin America, China, Peru, Shanghai, Peruvian, Chancay, America, Port

☆ Financials lead Trump trade, 'not directly impacted by tariffs', says RBC's Lori Calvasina
▼ + stars: | 2024-11-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinancials lead Trump trade, 'not directly impacted by tariffs', says RBC's Lori CalvasinaThe 'Fast Money' traders talk the impact of Trump's reelection on the financial sector.

Persons: RBC's Lori Calvasina Organizations: Trump

☆ Women prefer to play mobile games. China's Tencent sees an opportunity
▼ + stars: | 2024-11-19 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Tencent's Honor of Kings mobile game drew a record 33,000 fans to watch a final competition in Beijing on Nov. 16, 2024. Surprisingly, many in the crowd were young women, reflecting how interest in mobile games has broadened out from the stereotypical male player in the days of console and PC gaming. Honor of Kings, which claims 100 million players a day, uses a similar format with two teams of five players each. His analysis found that 95% of women prefer mobile games. A newly branded Honor of Kings global championship was held last month in Jakarta, Indonesia's capital, with Malaysian team Black Shrew Esports winning the $300,000 first prize.

Persons: Evelyn Cheng, Kings, Gao, of, Jackie Huang, Huang, Xiaofeng Zeng, Niko Partners, Zeng Organizations: Kings, CNBC, of Valor, of Kings, global, Tencent, Gaming, Riot, Malaysian Locations: Beijing, Evelyn Cheng BEIJING, China, Shanghai, Riyadh, Saudi Arabia, Chinese, North America, Europe, Japan, U.S, India, Malaysia, Indonesia, Southeast Asia, Jakarta

☆ The Biden administration is scrambling to send billions to chipmakers before Trump takes over
▼ + stars: | 2024-11-19 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +4 min

AdvertisementThe Biden administration is trying to finalize CHIPS Act agreements before Donald Trump takes office. Locking in agreements could make it more difficult for the Trump administration if it decides to change course. The Biden administration is running out of time to finalize agreements that would secure billions in funding for US chipmakers. The Biden administration is working to finalize agreements before president-elect Donald Trump — who has criticized the CHIPS Act — takes office in January. However, she did not answer questions about whether Trump's approach to CHIPS Act funding could differ from that of the Biden Administration.

Persons: Biden, Donald Trump, Trump, Joe Biden, hasn't, Donald Trump —, Gina Raimondo, podcaster Joe Rogan, chipmakers, Mike Johnson, Karoline Leavitt, Vance, Jeff Koch, SemiAnalysis, Koch, Pat Gelsinger Organizations: US, Bloomberg, Commerce Department, BI, CNBC, Reuters, Commerce, Biden, Intel, The New York Times Locations: Taiwan

☆ RFK Jr. heading HHS could be a game changer, says Solus' Dan Greenhaus
▼ + stars: | 2024-11-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRFK Jr. heading HHS could be a game changer, says Solus' Dan GreenhausDan Greenhaus, Solus chief strategist and economist, joins 'Closing Bell' to discuss navigating an indecisive market, the Trump trade and his market outlook.

Persons: Solus, Dan Greenhaus Dan Greenhaus, Trump Organizations: RFK, HHS

☆ China rebuffs meeting with US defense secretary
▼ + stars: | 2024-11-19 | by ( Haley Britzky | Oren Liebermann | ) edition.cnn.com time to read: +1 min

CNN —China rejected a meeting with Defense Secretary Lloyd Austin during a conference in southeast Asia this week, marking the latest turn in a tumultuous relationship between the two countries’ defense leaders. But China did not accept the offer, pointing to a recent Taiwan arms sale as their rationale, a senior defense official told reporters traveling with Austin in Laos. The Chinese rejection of the meeting in Laos comes just days after US President Joe Biden and Chinese President Xi Jinping met in Peru for their final meeting under Biden’s administration. China has often used the cancellation of meetings and lines of communication as a way of registering displeasure with the United States. After then-House Speaker Nancy Pelosi visited Taiwan in 2022, China cut off a number of lines of communication with the US, including on military issues and climate.

Persons: Lloyd Austin, Austin, Dong Jun, Joe Biden, Xi Jinping, Jake Sullivan, Biden, Trump, Nancy Pelosi Organizations: CNN, ASEAN Defense, ’, National Locations: China, Asia, Laos, People’s Republic of China, Taiwan, Austin, Peru, United States

☆ Zhuhai airshow: Stealth fighters and a massive mothership drone: the high-tech weapons China has unveiled
▼ + stars: | 2024-11-19 | by ( Nectar Gan | ) edition.cnn.com time to read: +9 min

J35-A stealth fighterMore than a decade in the making, China’s much-anticipated new stealth fighter jet, the J-35A, is widely seen as part of Beijing’s bid to match the United States’ stealth fighter capabilities. The HQ-19 surface-to-air missile system is among the most anticipated new weapons displayed at the airshow in Zhuhai, China. The Chinese military's new unmanned aerial vehicle, "Jetank," is displayed at the Zhuhai airshow on Nov. 12, 2024. It comes with folding tailfins, a design that allows for more compact stowage to fit the country’s stealth fighter jets. A Russian Sukhoi Su-57 fifth-generation fighter aircraft flies during the airshow in Zhuhai, China on November 14, 2024.

Persons: –, Xinzhi, ”, Wei Dongxu, Du Wenlong, Zhuhai . Long Wei, Zou Wei, Russian Sukhoi Su, Hector Retamal, Sergei Shoigu Organizations: Hong Kong CNN, PLA Air Force, CCTV, US, Air Defense, US Defense, PLA, PLA Academy of Military Sciences, Kyodo, Future Publishing, China Military, China Military Online, Aviation Industry Corporation of China, Air Missile, International Institute for Strategic Studies, AIM, Getty, Tass Locations: Hong Kong, China, Zhuhai, United States, Beijing, Asia, Ukraine, Taiwan, States, Zhuhai . Long, Air Missile China, Russian Sukhoi, AFP, Russia, Russian

☆ 'Go for gold' says Goldman Sachs, but other Wall Street banks aren't so sure
▼ + stars: | 2024-11-19 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Three Wall Street banks have taken differing views on gold's trajectory in 2025, reflecting the complex economic outlook. Goldman Sachs expects the price of the yellow metal to reach $3,000 per ounce by December 2025, saying "Go For Gold" in a note from Nov. 17. The gold price has declined by 7% since late October as the risk of a disputed U.S. election result diminished. While maintaining a positive outlook on gold, UBS warned that its gains — gold had risen 35% this year until November — could slow down. Goldman Sachs pointed to a fivefold increase in central bank gold purchases, driven by concerns about financial sanctions and sovereign debt sustainability.

Persons: Goldman Sachs, Donald Trump's, Goldman, Daan Struyven, Karen Ward, Ward, Arend Kapteyn, Bhanu Baweja, — CNBC's Michael Bloom Organizations: Trump, JPMorgan Asset Management, UBS Locations: U.S, Europe, Middle East, Africa, Switzerland, Russia, Ukraine

☆ What cities in India and Pakistan look like after toxic smog spreads
▼ + stars: | 2024-11-19 | by ( Erica Star Domena | Selima Hussain | ) www.businessinsider.com time to read: 1 min

Parts of South Asia are filled with toxic smog, hurting not only residents' health, but the economies of India and Pakistan.

Locations: South Asia, India, Pakistan

☆ Super Micro shares soar 30% after company names new auditor to help keep Nasdaq listing
▼ + stars: | 2024-11-19 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. Shares of Super Micro soared more than twentyfold over a two year period from early 2022 until their peak in March of this year. Super Micro has been one of the primary beneficiaries of the artificial intelligence boom, due to its relationship with Nvidia . On Monday, Super Micro announced that it was selling products featuring Nvidia's next-generation AI chip called Blackwell. Less than two weeks after the index changes were announced, Super Micro reached its closing high of $118.81.

Persons: Charles Liang, Ernst & Young, Nvidia's Organizations: Super, Computer Inc, Micro Computer, BDO, Nasdaq, SEC, Ernst, Deloitte, Touche, Micro, Mizuho, Nvidia, Super Micro, Dell, Hewlett Packard Enterprise, Hindenburg Research, Street, Department of Justice Locations: Taipei, Taiwan

☆ Wall Street analysts tout our 2 cybersecurity stocks ahead of quarterly earnings
▼ + stars: | 2024-11-19 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

Wall Street analysts are showing two cybersecurity stocks some love ahead of their quarterly results. In addition, Truist on Monday raised its price target on Palo Alto to $425 from $387 a share. "Larger platformization deals are leading to bigger long-term commitments," Truist said, citing conversations with Palo Alto customers and partners. PANW YTD mountain Palo Alto Networks (PANW) year-to-date performance Big picture Palo Alto Networks had a rocky start to 2024. And as with Palo Alto, remarks from management should give us a peek into the state of cyber spending overall.

Persons: Jefferies, Truist, management's, Nikesh Arora, Jim Cramer, Morgan Stanley, Jim, Jim Cramer's, Eduardo Munoz Organizations: ISI, Palo Alto Networks, Palo, Alto Networks, Palo Alto, CNBC, Traders, New York Stock Exchange Locations: Palo Alto, Ukraine, Russia, Palo, billings, New York, U.S

☆ Some market experts are talking about 'animal spirits.' Here's what that means when it comes to investing
▼ + stars: | 2024-11-19 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

Yet, some experts say they are seeing a renewal of so-called animal spirits. "Animal spirits" is a term first coined by economist John Maynard Keynes and refers to the tendency for human emotion to drive investment gains and losses. watch nowSome experts say animal spirits are a sign of consumer confidence. "It's essentially why dead investors outperform living investors, because dead investors are not impacted by their animal spirits," Klontz said. Research has shown dead investors' portfolios tend to outperform, since they are left untouched because they are less likely to be influenced by emotional decisions, such as panic selling or buying.

Persons: Timothy A, Clary, Donald Trump, John Maynard Keynes, Brad Klontz, Klontz, Scott Wren, Wells, Wren, —, We're Organizations: New York Stock Exchange, Getty, Trump, Dow Jones, Research, Investors Locations: Wells Fargo, U.S

☆ Trump expected to nominate Howard Lutnick for Commerce secretary: reports
▼ + stars: | 2024-11-19 | by ( Geoff Weiss | John L. Dorman | ) www.businessinsider.com time to read: +1 min

AdvertisementTrump is expected to nominate Howard Lutnick for Commerce secretary, according to the WSJ and CNN. Lutnick had previously been viewed as a frontrunner for the position of Treasury secretary. President-elect Donald Trump is expected to tap billionaire finance executive Howard Lutnick as his next Commerce secretary, according to the Wall Street Journal, CNN, and Axios. Commerce secretary will be a pivotal role in the Trump administration, given economic concerns played a key role in fueling Trump's victory. He's known Trump for decades, and has hosted fundraisers for the president-elect and appeared on TV as a surrogate.

Persons: Howard Lutnick, It's, Lutnick, Donald Trump, Linda McMahon, Trump, Cantor Fitzgerald, Elon Musk's Organizations: Trump, Commerce, WSJ, CNN, Wall Street Journal, WWE, World Trade Locations: New York, Commerce

☆ Why Michael Learns to Rock Is Big in Asia
▼ + stars: | 2024-11-19 | by ( Sui-Lee Wee | More About Sui-Lee Wee | ) www.nytimes.com time to read: +1 min

But if you have never lived in Denmark or Asia, you may never have heard of Michael Learns to Rock. The Danish soft rock band broke through in Indonesia, Malaysia, the Philippines and other parts of Asia in the 1990s. They also have a younger audience — one of their biggest hits, “Take Me To Your Heart,” became a dance challenge on TikTok. They have toured regularly in the region, playing a sold-out concert hall in Medan, the third-largest city in Indonesia, last week as part of an eight-stop Asia tour. A few days earlier, they were in Manila, making concertgoers misty-eyed with their greatest hits.

Persons: Michael, ” Locations: Denmark, Asia, Danish, Indonesia, Malaysia, Philippines, Chicago, Medan, Manila

☆ One of our lagging stocks has found its stride and is outperforming its peers
▼ + stars: | 2024-11-19 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim Cramer said he is "anticipating volatility" in the stock if the company doesn't deliver a clean print. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, We're, Jim, Coterra, Joe Biden, Donald Trump, We've, TJ, Stocks, Jim Cramer's Organizations: CNBC, Palo Alto Networks, Alto, Coterra Energy, TJX, Marshalls, Trump, Walmart Locations: Ukraine, Russia

☆ What the charts say about Nvidia before earnings
▼ + stars: | 2024-11-19 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

Since early last year Nvidia (NVDA) has become the Super Bowl of earnings and like the actual big game, it comes right at the end of the season. Fundamental outlook The analyst community is looking for Nvidia to report 75 cents in EPS on $33.13 billion in revenue, according to FactSet. Nvidia charts The prior quarter's growth rates are coming down from astronomical levels of multiple hundreds of percentage points. As a result Nvidia sold off on Aug 28 from around the $130 level all the way down to $101.50. Hedge on Nvidia, just in case We're looking at buying a Nov 22nd expiration $140 / $130 put debit spread, currently trading at $2.88.

Persons: Blackwell, NVDA, Elliott, Todd Gordon, Gordon Organizations: Nvidia, Blackwell, Philadelphia Semiconductor, Inside Edge Capital Management, NVDA, Inside Edge, CNBC, NBC UNIVERSAL Locations: NVDA

☆ CNBC Daily Open: Tesla helps the Nasdaq snap its losing streak
▼ + stars: | 2024-11-19 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Individual stocks sway indexesOn Monday, the S&P 500 rose 0.4% and the Nadaq Composite added 0.6%, mostly spurred higher by Tesla . Shares of Goldman Sachs and Salesforce fell, causing the Dow Jones Industrial Average to drop 0.1%. Autonomous vehicles on the agendaTesla shares jumped 5.6% after it was reported that President-elect Donald Trump's incoming administration plans to draw up a federal framework that will regulate self-driving vehicles.

Persons: Goldman Sachs, Salesforce, Donald, Howard Marks, Goldman Organizations: CNBC, Tesla, Dow Jones, China's CSI, Nasdaq, BDO, Vice, JPMorgan, UBS Locations: Asia, Pacific, Hong Kong, China China, China

☆ China offers a 'unique diversification opportunity,' says Bridgewater's co-CIO
▼ + stars: | 2024-11-19 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

But China offers a unique diversification opportunity, said Bridgewater Associates' co-CIO. Bridgewater's China hedge fund added local stocks after Beijing's stimulus-driven rally. AdvertisementThis is largely due to lower correlations between different markets as countries turn inward, Prince told the media outlet. They are also lowering correlations across markets, Prince told SCMP. Bloomberg reported in October that Bridgewater's onshore China hedge fund was adding local stocks after a September stock rally following Beijing's aggressive stimulus.

Persons: Asia —, Bob Prince, Prince, SCMP, Ray Dalio, Donald Trump's Organizations: Bridgewater Associates, South China Morning, Reuters, Bloomberg Locations: China, Asia, North America, Europe, Bridgewater

☆ Apple reportedly offers $100 million investment to end iPhone 16 sales ban in the world's 4th-most-populous country
▼ + stars: | 2024-11-19 | by ( Nora Redmond | ) www.businessinsider.com time to read: +2 min

AdvertisementApple has offered a $100 million investment to lift Indonesia's iPhone 16 sales ban, Bloomberg says. Indonesia has blocked iPhone 16 sales because they do not contain 40% locally made components. Apple has reportedly offered to invest $100 million in Indonesia to reverse a ban on iPhone 16 sales in the world's fourth-most populous nation. AdvertisementIndonesia's Ministry of Industry last month blocked Apple from selling its iPhone 16, which first launched in September, for failing to comply with regulations. As the world's fourth-most populous nation with over 280 million citizens, Indonesia is an increasingly important Apple market.

Persons: —, Apple hadn't Organizations: Apple, Bloomberg, Indonesia's Ministry, Industry, Indonesia's Ministry of Industry, Business Locations: Indonesia, Cupertino, Asia's, Bandung, Jakarta

☆ Stock futures are little changed as Wall Street braces for Nvidia's quarterly results: Live updates
▼ + stars: | 2024-11-19 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Traders work on the New York Stock Exchange (NYSE) floor on November 12, 2024 in New York City. Stock futures hovered near the flatline on Tuesday evening, as investors looked toward a key earnings report from tech giant Nvidia. S&P 500 futures were little changed, while Nasdaq 100 futures inched higher by less than 0.07%. The jump in Nvidia shares helped lift the Nasdaq Composite to a 1% gain and the S&P 500 to a 0.4% advance. The separation is expected to take roughly a year, and the news was first reported by The Wall Street Journal.

Persons: Nvidia's, Jensen Huang, Lori Calvasina, CNBC's Julia Boorstin, Lisa Cook, Michelle Bowman, Susan Collins Organizations: New York Stock Exchange, Stock, Nvidia, Futures, Dow Jones, Nasdaq, Nvidia's Blackwell, RBC, Markets, Comcast, MSNBC, CNBC, Wall Street Journal, Federal Reserve, Boston Locations: New York City

The Cantor Fitzgerald CEO has led and been the public face of Trump's transition. As co-chair of Trump's transition, Lutnick has been an outspoken advocate for Trump's agenda, including explaining how he plans to use tariffs once in office. Lutnick is the CEO and chairman of financial services titan Cantor Fitzgerald. Lutnick has been at Cantor Fitzgerald since the early 1980s when he graduated from Haverford College in Pennsylvania with an economics degree. Lutnick was working at Cantor Fitzgerald when terrorists targeted New York's World Trade Center towers on Sept. 11, the firm's headquarters.

Persons: Howard Lutnick, Cantor Fitzgerald, Donald Trump, Lutnick, Trump, Lutnick's, Elon Musk, evincing Organizations: Republican, WASHINGTON, Commerce Department, The Commerce Department, Haverford College, New, Trade, Punchbowl News, Trump, Treasury, Elon, Department of Government Locations: Madison, New York City, U.S, United States, Pennsylvania, New York

☆ Charts suggest market could weather Trump tariff increases, Jim Cramer says
▼ + stars: | 2024-11-19 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Tuesday said the charts suggest that fears about President-elect Donald Trump's intentions to implement major tariffs on imports won't affect the market just yet, and the impact of any actual tariffs will be lessened if the market remains bullish. Cramer examined analysis by Jessica Inskip, director of investor research at StockBrokers.com. "The charts ... suggest that tariffs had little impact on the market until they actually materialized during Trump's first term — all the saber-rattling beforehand didn't do much damage," he said. "Even when the tariffs actually hit and the market sold off, we eventually erased those losses the moment that the Fed stopped raising interest rates. But the broader market reacted when Trump actually imposed them, balking at the idea that he had ignited a global trade war, Cramer added.

Persons: CNBC's Jim Cramer, Donald Trump's, Cramer, Jessica Inskip, she's, Trump, balking Organizations: Fed

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