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Jim Cramer on the Trade Talks and Uber

Credit: The Street
Published on October 7, 2019 - Duration: 13:07s

Jim Cramer on the Trade Talks and Uber

Curious about the trade talks and what they mean for the markets?

Jim Cramer weighs in on Real Money Stock of the Day Uber and the trade talks.

What's Going on With the Trade Talks?

Jim Cramer penned a Real Money column Monday morning recapping the seven points of contention with the China-U.S. trade.

"When you read stories about how the Chinese don't want or seek a broad agreement on trade you should immediately get suspicious that there can be any trade agreement at all.

That's because the White House has a set of seven principles it will not sacrifice to get a deal done.

The U.S. has not budged on these seven issues and the Chinese have shown no signs of even understanding what I think are deal points that every American would admit makes a ton of sense to stick by.

It's only because we are in such a polarized, politicized and ideological era that investors don't even get what's really going on," wrote Cramer.

Read the seven points here.

Are You Ubering?

Uber is Real Money's stock of the day.

The company got some positive attention from Citigroup this morning after an analyst lifted Uber's rating to buy from neutral.

Citigroup analyst Itay Michaeli lifted his rating on the stock to "buy" from "neutral", while keeping his price target on the stock unchanged at $45 per share, in advance of the group's third-quarter earnings in mid-November, which he thinks will indicate improving fundamentals for the world's ride-sharing leader.

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