'Now, we just need to nail down that public-health side of the equation,' the 'Mad Money' host said.
on Thursday said Federal Reserve action made another week of mind-blowing unemployment filings moot on Wall Street.authorized injecting another $2.3 trillion into struggling businesses and governments
to help blunt the economic damage of the pandemic, which has led to unprecedented levels of unemployment claims. "Without Powell's ... extraordinary announcement, those hideous jobless claims would've pancaked the stock market," the "" host said. "Between the Fed's latest moves and the $2.2 trillion rescue package from Congress, and some more that's on the way, it's really clear to me that the policymakers are thinking big and they're willing to spend big to keep this economy afloat.
"I know we're in lockdown now and it's hard to judge the future, but at least when it comes to the economy, both the Fed and our elected leaders are on the same side," Cramer said. "Now, we just need to nail down that public-health side of the equation." Cramer broke down the corporate earnings reports he has circled on his calendar next week. All earnings and revenue estimates are based on FactSet projections.reports first-quarter earnings before the stock market opens.
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