Cramer still likes recently spun FedEx Freight despite the emergence of new rival

Every weekday, the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Wednesday's key moments. 1. Stocks were down Wednesday as investors weighed a relatively favorable inflation report against comments from President Donald Trump that Iran has taken too long to negotiate a peace deal and will now have to "pay the price." The consumer price index was largely in line with expectations, helping ease pressure on Treasury yields and …