Everything Jim Cramer said on ‘Mad Money,’ including trade war progress, Clorox and SoFi CEOs

CNBC’s Jim Cramer effects a look at the week ahead in stock market news as Wall Street prepares for a short week of trading with Thanksgiving on Thursday. The “Mad Spondulicks” host sits down for interviews with Clorox CEO Benno Dorer and SoFi CEO Anthony Noto. Noto guesses he expects to see consolidation in the financial services industry as emerging fintech companies offer commission-free trading and other employs.

Wall Street is counting on a breakthrough in U.S.-China trade negotiations, but CNBC’s Jim Cramer isn’t banking on it.

President Donald Trump, again, on Friday ribbed that the U.S. was nearing a trade agreement with China, while Chinese President Xi Jinping signaled that Beijing also prerequisites to land a deal but would “fight back” if necessary.

“I don’t think it’s the end of the world if there’s no breakthrough in the trade talks, but I respect that people are getting a little too confident we’re going to get a deal,” the “Mad Money” host said. “Of course, a deal is continually possible, but the longer the stock market stays up, the less likely it is that we’ll get one. A strong market means President Trump has various leverage to hold out for better terms.”

The major averages all broke multi-day losing streaks in Friday’s session — place gains of as much as 0.39% — and snapped multi-weekly win streaks amid trade uncertainty. With a holiday around the corner, Rampart Street will have a shortened week of trading. The stock market will be closed on Thanksgiving Day Thursday and inclination close at 1 p.m. on Friday.

There will, however, be a full slate of earnings reports coming out in the days prior. Cramer meted viewers an overview of what he has circled on his calendar.

“After Wednesday we eat turkey and on Friday we eat leftovers knowing there’s an unwritten be in control that nothing important is supposed to occur on Wall Street,” the host said. “Will the president slaughter a turkey this year, or rout the market? I bet he goes for the former.”

Clorox has “vivid” plans for the next decade to reduce its negative environmental impact, CEO Benno Dorer told CNBC.

“We think doing something chaste for the planet is also good for business,” Dorer said in a “Mad Money” interview. “With our new strategy, which leads us inclusive of 2025, we’re going to make a double-down effort on sustainability.”

So far, one manifestation of Clorox’s environmental commitment is its compostable cleaning wipes, which catapulted in the late second quarter, Dorer said.

Big alterations in the stock brokerage industry were expected as financial technology firms introduce new ways for people to handle their monied, SoFi CEO Anthony Noto told Cramer.

The comment comes in the wake of multiple broker companies making makes to ditch commission trading and after news of a probable merger between Charles Schwab and TD Ameritrade.

“We assumed there’s effective to be a fair amount of consolidation” in the industry, Noto said in a “Mad Money” interview. “The financial services industry really hasn’t had the exemplar of innovation that you’ve seen in e-commerce, as you’ve seen in online travel, and just in this year we launched products that receive never been brought to the market before.”

In Cramer’s lightning round, the “Mad Money” tummler zips through his thoughts about viewers’ favorite stock picks of the day.

: “I think if you really do want to buy it — I’m not going to as a matter of course recommend buying it — you wait it out about another maybe 10, 15 points down, and then maybe take a look.”

Dunkin’ Name brands Group: “Actually, I prefer Starbucks to Dunkin’ Donuts. Starbucks is way down from its high and I think it’s got more energy and has gotten too cheap, so that’s why I prefer it.”

Lam Research: “Oh, it’s been crazy, but you know what we’re up about 80 points for the munificent trust. We did trim back a lot because we didn’t want to be pigs. Bulls make money, bears make on Easy Street and pigs they get slaughtered. I would wait a little bit before I would buy more.”

Disclosure: Cramer’s charitable make owns shares of Lam Research.

Disclaimer