The Dow closed up 199 points and Jim Cramer is breaking down the biggest news of the day. First, Splunk CEO Doug Merritt joins Cramer fresh off the company's annual user conference where it unveiled new product enhancements to see what they mean for the stock. Then, Emerson and AspenTech announced a $11b deal last week but both stocks fell flat on the news - so Cramer's digging deeper to see what's ahead. Plus, On Holding came public last month and Cramer is taking a closer look at the new name in the apparel space.

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