Cramer’s Mad Money Recap: Southwest, Disney, FedEx

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The absence of two negatives turned out to be positive, Jim Cramer told his Mad Money viewers Thursday. Earlier this week, the market plunged on fear, but then we heard from the Federal Reserve and Chinese President Xi Jinping and all of that fear was magically forgotten.Cramer said investors were fearing higher interest rates, but Fed Chair Jay Powell offered reassurance that now is still not the time to tighten. Investors also feared that Chinese land developer Evergrande would be allowed to fail, but that fear was erased by Xi. What does that leave investors to worry about? Only COVID.Over on Real Money, Jim Cramer says it's crazy that we don't make semiconductors here in the U.S. Read more of what he says: 'While the big guns meet at the White House about the global chip shortage, the president and these companies are approaching this all wrong.'Depending on who you ask, COVID cases have, are, or soon will be peaking. According to Southwest Airlines  (LUV) - Get Southwe
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