DCs Debt Drama, Fords EV Push, Chip Challenges 5/22/23
b'David Faber and Jim Cramer began the hour by breaking down the markets, with the S&P and Nasdaq coming off their best weeks since late March. Investors are also looking at Washington D.C. as President Biden and Speaker McCarthy gear up to resume debt ceiling talks. Over the weekend, Treasury Secretary Janet Yellen warned that early June is a \\u201chard deadline\\u201d for the federal government to raise the debt ceiling. The anchors then shifted gears to Ford, holding an investor day and outlining an updated plan for growing earnings over the next several years. In particular, the company focused on its EV\\u2019s by announcing that it is targeting to produce 2 million EVs per year by 2026. For Cramer\\u2019s \\u2018Mad Dash\\u2019 he focused on Micron shares under pressure after China called the chipmaker a \\u201cmajor security risk.\\u201d\\n\\n\\n\\nSquawk on the Street Disclaimer'