Everything Jim Cramer said on 'Mad Money,' including big banks earnings, Marc Benioff on capitalism
all slipped no more than 0.30% on the trading day. The action coincided with a Federal Reserve report that said many businesses have reduced their growth forecasts as the U.S.-China trade war drags on.
"But the bottom line is that today's winners are immune to the fallout from the trade war. They can create terrific earnings from the consumer, or from health care businesses, that have nothing to do with China," theCapitalism is dead, needs guardrails, according to Marc BenioffThe future of capitalism hinges on how the U.S.
Elsewhere in his interview, Benioff said that artificial intelligence can be a force for good, but society needs to be careful to make sure its negative aspects do not outweigh its positives. "AI has tremendous opportunity, but technology is never good or bad, it's what we do with the technology that matters," the billionaire entrepreneur and philanthropist said.Why UnitedHealth rallied hard on earningsjumped more than 2.5% in Tuesday's session after reporting third-quarter earnings and sparked a rally in the market, Cramer said.
"The whole health insurance space came down too far, too fast, so when UnitedHealth delivered a fantastic quarter [with] great guidance, its stock roared back," he said. "I think it is still way too cheap versus historic levels to ignore, and the political risk has already been baked into the share price, which means UNH ... is still a buy.
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