Really like it or loathe it, Cramer thinks Pruitt will have a discipline day, which will be good for the earnings of organizations related to fossil fuels, utilities, refiners and pipeline operators. Maybe not-so-good for the natural environment, while.
Andy Puzder is the CEO of CKE Restaurants, the franchiser of rapid foodstuff organizations Hardee’s and Carl’s Jr., and was nominated as secretary of labor. Puzder has been an open critic of elevating the minimum amount wage, consequently Cramer expressed doubt on his strategies to characterize the interests of labor.
Trump also tapped company finance lawyer Jay Clayton to head the SEC on Wednesday, and Cramer isn’t going to hope any new rules from him. Clayton’s a dealmaker, he said, and will seem for strategies to support company, not hurt it.
“Cynics could possibly contact this federal government of, by and for the company. I say that is the stock market’s beloved sort of federal government,” Cramer said.