Cramer: Earnings suggest business and consumer economies are 'out of sync'

"We need Fed chief Jay Powell to listen to last night's big bad conference call from CSX," CNBC's Jim Cramer says.

"Based on what's happening in the consumer economy, you could easily make the case for more rate hikes here," the "Mad Money" host says. "I can't think of another time … where the consumer was in such great shape while the industrials were in so much trouble," he says. There are two economies at play right now and "right now they're out of sync" based on the earnings results that Wall Street has seen thus far, CNBC'sThe American consumer is still strong, as evident in the results the banks are posting, but the railroad companyShares of CSX fell more than 10% in the session after the transport giantin the second quarter.

Cramer: Earnings suggest business and consumer economies are 'out of sync' via YouTube

Recession is coming.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Cramer reviews 6 stocks that 'have been anointed by Wall Street' amid an economic slowdown'They'll be the second-half winners that the big money guys just can't get enough of,' Jim Cramer says. Pretty easy to pick stocks that have already had a big bull run. That may or may not continue. If the economy slows disposable income drops which hits about half his picks. Trump advertises for McDonalds enough to keep it up, with his blood pressure.
Source: CNBC - 🏆 12. / 72 Read more »

Cramer Remix: What to make of the inverted yield curve this earnings seasonJim Cramer discusses the inverted yield curve and Fed Chair Jerome Powell's response.
Source: CNBC - 🏆 12. / 72 Read more »