{"id":117932,"date":"2021-07-09T00:52:49","date_gmt":"2021-07-09T00:52:49","guid":{"rendered":"https:\/\/fin2me.com\/?p=117932"},"modified":"2021-07-09T00:52:49","modified_gmt":"2021-07-09T00:52:49","slug":"jim-cramer-blames-market-sell-off-on-government-failures-to-contain-delta-spread","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/jim-cramer-blames-market-sell-off-on-government-failures-to-contain-delta-spread\/","title":{"rendered":"Jim Cramer blames market sell-off on government failures to contain delta spread"},"content":{"rendered":"<ul>\n<li>CNBC&#x27;s Jim Cramer on Thursday slammed world leaders for failing to contain the spread of the delta Covid-19 variant.<\/li>\n<li>&quot;I put this sell-off squarely in the laps of politicians around the world, because we right now have a failure of global leadership,&quot; the &quot;Mad Money&quot; host said.<\/li>\n<li>&quot;If we get the COVID variants under control by forcing people to get vaccinated, I think bond yields and the stock market will start rising again,&quot; he said.<\/li>\n<\/ul>\n<p>CNBC&#x27;s Jim Cramer came out swinging on Thursday, blaming the market sell-off on world governments and slamming leaders for failing to get a grip on the spread of a Covid-19 variant.<\/p>\n<p>Major U.S. stock averages all plunged almost 1% during the session, dropping the S&amp;P 500 and Nasdaq Composite indexes from record highs. Health concerns also led to a drop in bond yields to levels not seen since February.<\/p>\n<p>The declines can be attributed to the delta strain that&#x27;s spreading quickly across the globe, Cramer said.<\/p>\n<p>&quot;I put this sell-off squarely in the laps of politicians around the world, because we right now have a failure of global leadership,&quot; the &quot;Mad Money&quot; host said.<\/p>\n<p>&quot;Here in America, we&#x27;re doing a much better job of getting people vaccinated than most countries, but we screwed up when we made the vaccination process voluntary.&quot;<\/p>\n<p>Cramer lambasted that the U.S. Food and Drug Administration has yet to give full approval to coronavirus vaccines from the likes of Moderna and Pfizer-BioNTech. Three vaccines, including a one-shot solution from Johnson &amp; Johnson, have been authorized by the agency for emergency use to combat the health crisis and administered to millions across the country.<\/p>\n<p>Pfizer applied for FDA approval of its vaccine in May, followed by a submission by Moderna for its own product in June.<\/p>\n<p>&quot;Maybe you think this is a technicality, but so many Americans don&#x27;t trust the vaccines and the lack of FDA approval sure doesn&#x27;t help,&quot; Cramer said. &quot;I challenge the FDA to explain themselves and their foolhardy behavior.&quot;<\/p>\n<p>The delta variant, which was first discovered in India and is spreading quickly across the globe, is now the dominant strain affecting people in the U.S. Despite America&#x27;s elevated vaccination rates in comparison to most other countries, the delta outbreak elsewhere in the world could portend breakouts in communities here vaccination rates are lagging.<\/p>\n<p>Health experts say that indoor mask mandates and public health measures may need to be reinstated to slow the delta variant&#x27;s spread in the country.<\/p>\n<p>&quot;If we get the COVID variants under control by forcing people to get vaccinated, I think bond yields and the stock market will start rising again,&quot; Cramer said. &quot;I don&#x27;t see much hope for speeding up vaccinations without either paying people money or coercing them, neither of which is going to happen in this country.<\/p>\n<p>Questions for Cramer?<br \/> Call Cramer: 1-800-743-CNBC<\/p>\n<p>Want to take a deep dive into Cramer&#x27;s world? Hit him up!<br \/> Mad Money Twitter &#8211; Jim Cramer Twitter &#8211; Facebook &#8211; Instagram<\/p>\n<p>Questions, comments, suggestions for the &quot;Mad Money&quot; website? madcap@cnbc.com<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/07\/08\/jim-cramer-blames-market-sell-off-on-failures-to-contain-delta-spread.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNBC&#x27;s Jim Cramer on Thursday slammed world leaders for failing to contain the spread of the delta Covid-19 variant. &quot;I put this sell-off squarely in [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":117931,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Jim Cramer blames market sell-off on government failures to contain delta spread - 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