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Cramer Remix: What you need to know about the coronavirus and the markets
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CNBC's Jim Cramer breaks down the headlines surrounding the coronavirus and how you should interpret its effect on the market.
CNBC’s Jim Cramer offers a preview of next week’s busy earnings schedule, which includes quarterly reports from companies such as Clorox and Disney. The “Mad Money” host also argues there is still too much uncertainty about the coronavirus and the stock market. Cramer then takes viewers’ calls on eBay and Peloton.
The week ahead
So far, companies that are reported earnings have had generally good numbers, CNBC’s Jim Cramer said.
But that fact has been massively overshadowed by the fast-spreading coronavirus, which means the focus heading into next week, the “Mad Money” host said.
“We hoped to take the temperature of the moment,” Cramer said. “We didn’t realize the only temperature this market cares about is one that’s well north of 98.6 degrees, because right now Wall Street only has eyes for the coronavirus.”
Coronavirus is a wild card for investors
The coronavirus outbreak remains a highly dynamic situation, and investors need to approach it with extreme caution, CNBC’s said Friday.
“You need to be prepared and remember my wild card thesis,” the “Mad Money” host said. “We don’t know what’s going to happen with this virus.”
While it’s clear there may be immediate short-term impacts on the Chinese economy, the bigger picture remains highly opaque, Cramer said.
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
Connect with CNBC News Online
#CNBC
#CNBC TV
CNBC’s Jim Cramer offers a preview of next week’s busy earnings schedule, which includes quarterly reports from companies such as Clorox and Disney. The “Mad Money” host also argues there is still too much uncertainty about the coronavirus and the stock market. Cramer then takes viewers’ calls on eBay and Peloton.
The week ahead
So far, companies that are reported earnings have had generally good numbers, CNBC’s Jim Cramer said.
But that fact has been massively overshadowed by the fast-spreading coronavirus, which means the focus heading into next week, the “Mad Money” host said.
“We hoped to take the temperature of the moment,” Cramer said. “We didn’t realize the only temperature this market cares about is one that’s well north of 98.6 degrees, because right now Wall Street only has eyes for the coronavirus.”
Coronavirus is a wild card for investors
The coronavirus outbreak remains a highly dynamic situation, and investors need to approach it with extreme caution, CNBC’s said Friday.
“You need to be prepared and remember my wild card thesis,” the “Mad Money” host said. “We don’t know what’s going to happen with this virus.”
While it’s clear there may be immediate short-term impacts on the Chinese economy, the bigger picture remains highly opaque, Cramer said.
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
Connect with CNBC News Online
#CNBC
#CNBC TV
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