Debt Ceiling Talks and the Markets, Banking Turmoil and the Fed, Palantir's AI Surge 5/9/23
Jim Cramer and David Faber discussed what to make of the markets with the debt ceiling standoff in focus: President Biden and congressional leaders set for talks Tuesday afternoon. The anchors also focused on banking turmoil after the Fed warned of credit crunch risks. On the AI front: Shares of Palantir surged on the company's quarterly profit and upbeat guidance -- while Bernstein put out a note about Microsoft's AI \u201cgreen shoots.\u2019 Also in focus: Boeing receives a massive 737 MAX order from Ryanair, plus Alphabet as a Tuesday bright spot unlike names including PayPal, Skyworks and Lucid.\n\n\n\nSquawk on the Street Disclaimer