"This is not even close to 2008. ... This is not a crisis," McDermott said in an interview on "Mad Money."
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"Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.
The Reserve Bank of Australia is expected to announce its latest interest rate decision at 12:30 a.m. HK/SIN on Tuesday.
StockX, in a response to Nike's allegations, defended its anti-counterfeiting measures and said Nike itself had previously praised them.
Bitcoin rose over the weekend as cryptocurrency investors continue to look for a bottom following a rough two months of selling.
China's "zero Covid" measures on trucking and cross-city transport limitations continue to slow down manufacturing and logistics.
"The only dip that can be bought right now, at least, is the dip in oil," the "Mad Money" host said.
The MacBook Air is the best-selling Apple laptop, and the new design will likely boost Mac sales in the coming quarters.
The major U.S. stock indexes rose modestly to begin the week as investors anticipate key inflation data due Friday.
Two years of rapidly rising home prices have pushed the nation's collective home equity to new highs.
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