Jim Cramer's Stock Market Insights: Wednesday Pop, AI Caution, and More

The Dow and S&P 500 are set for a higher open, while Macy's CEO Jeff Gennette will retire early next year and be replaced by Tony Spring. Lululemon had a blowout quarter, and Tommy Hilfiger parent PVH's price target was raised. UBS shuffles retailers, while an open letter urges an "immediate pause" on AI that can compete with humans. Long-time China observer Orville Schell warns that something has changed in Beijing and that business leaders should not ignore it.