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Cramer: Oracle and Walmart need to work harder to please Trump on TikTok deal

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Cramer: Oracle and Walmart need to work harder to please Trump on TikTok deal

PUBLISHED FRI, SEP 18 20209:19 AM EDTUPDATED 2 HOURS AGOKevin Stankiewicz@KEVIN_STANKKEY POINTS

  • CNBC’s Jim Cramer said Friday that Oracle and Walmart are “scrambling” to find out what else they can do gain approval from the Trump administration for their deal for Chinese-owned TikTok.
  • Cramer’s comments Friday came shortly after the Commerce Department said it plans to ban U.S. business transactions with TikTok.
  • “The president is the guy doing this. It’s not any of his advisors. It’s the president, and so nobody knows what’s really going to happen,” Cramer added.

WATCH NOWVIDEO01:48Cramer: Oracle and Walmart need to work harder to please Trump on TikTok deal

CNBC’s Jim Cramer said Friday that Oracle and Walmart are “scrambling” to find out what else they can do to gain approval from the Trump administration in their bid to acquire minority stakes in Chinese-owned TikTok. 

“I think that Walmart and Oracle will be working all weekend to try to figure out how they can satisfy [President Donald Trump]. I think they already feel they’ve given him everything they can but obviously that’s not going to get it done,” Cramer said on “Squawk Box.” 

Cramer’s comments Friday came shortly after the Commerce Department said it plans to ban U.S. business transactions with TikTok and another Chinese app, WeChat. It was the latest development in a weekslong saga regarding the fate of the apps, which Trump has claimed present a national security risk.

In an emailed statement, TikTok said it had already made numerous concessions to address security concerns r

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