“I’m not saying this has much to do with nothing,” Cramer continued “Squawk Box.” “I say people should have a purchase list ready.”
Stock futures were Friday morning much lower When Wall Street digested the news that Trump and the First Lady Melania Trump, tested positive for the coronavirus. The president wrote in a tweet on early Friday morning: “We will start our quarantine and recovery process immediately. We will get through this TOGETHER!”
Stocks fell in early trading but reduced some of those afternoon losses in hopes of a business cycle deal.
After Cramer spoke, the stocks trimmed some of their early losses in afternoon trading in hopes of a stimulus deal.
The Trump’s positive tests came hours after White House advisor Hope Hicks also tested positive for the coronavirus. Hicks had traveled to Cleveland on Air Trumps One with the Trumps for the first presidential debate on Tuesday evening.
Vice President Mike Pence and Second Lady Karen Pence have tested negative For the virus, the White House announced Friday morning.
Cramer wished the Trumps a speedy recovery and stressed that the environment was not “business as usual”. But he added, “I think there will be a lot of stocks that will start falling, such as Tesla – By the way, we had Deliveries that were better than expected – and then they can gather. ”
Cramer hopes the president’s coronavirus infection will convince more Americans to wear masks to prevent the virus from spreading, which could have benefits for the US economy.
Cramer noted that Trump had largely avoided wearing masks during the pandemic and blamed his Democratic rival earlier this week. Joe Biden, for how often he wears a mask.
Biden wished the Trumps all the best on Friday morning.
“Masks are the only hope we really have, especially indoors,” said Cramer. “Maybe the idea that you’re kind of ‘not tough’ [if you] wearing a mask goes away. “
“If you try to aggressively reopen the economy without masks and without more discipline around social distancing, it will fail,” added Cramer. “I think this really is the ultimate way out of what happened when the president was infected with Covid.”