Debt Ceiling Talks and the Markets, Banking Turmoil and the Fed, Palantir's AI Surge 5/9/23

<p>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 “green shoots.’ 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.</p><p> </p><p><a href="https://www.cnbc.com/squawk-on-the-street-disclaimer/">Squawk on the Street Disclaimer</a></p>