Trump's Change of Heart : Cramer's 'Mad Money' Recap (Monday 6/3/19) [TheStreet.com]
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Source: TheStreet.com
Trump's Change of Heart : Cramer's 'Mad Money' Recap (Monday 6/3/19) If the White House is no longer pro-business, that's bad news for stocks, Jim Cramer admitted to his Mad Money viewers Monday. This sudden change of heart means investors will be willing to pay less for stocks, Cramer said, and everyone needs to reset their expectations. Cramer's long been a champion of some of President Trump's economic policies, like lower taxes and deregulation to spur growth. He's even been a proponent of the President's trade war with China, as China has been violating trade rules for decades. But the surprise news that Trump is willing to use the threat of tariffs against Mexico, a friendly trading partner, in order to win immigration concessions, crosses the line. He said investors must now rethink what they're willing to pay for stocks. Add to that the new crackdown against tech giants like Alphabet ( GOOGL - Get Report ) for antitrust violations and increased scrutiny of Fa
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