Market Moving Insight and Analysis. Join Jim Kramer, David Faber, and me, Carl Cantonia, on the opening bell hour of CNBC Squawk on the Street.

Good Tuesday morning, everybody.

Welcome to Squawcombe Street.

I'm David Faber with Jim Kramer.

We are live from Post 9 at the New York Stock Exchange.

Carl has a morning off this morning.

Let's take a look at futures.

You can see we are set up for what's going to be a lower open, though.

We seem to be coming back at memory serves and what I saw a little while ago. And really, who knows, right? I mean, it can all change so quickly. Our roadmap does

start with DC's debt showdown. President Biden set to meet with congressional leaders today,

Treasury Secretary Yellen, saying, quote,

we're not a deadbeat country.

Plus, we continue to keep an eye on the regional banks.

The volatility, well, it seems to be back when it comes to their stock prices.

Chicago's Fed President saying the credit squeeze has already begun.

And checkout shares of Palantir.

They are surging. This is the company says interest in its new AI platform is, quote, unlike anything we have seen. We'll talk about that in a bit. But let's get to the debt showdown, if you want to call it that. At least it's a countdown right now, to those talks this afternoon.

Nobody seems to think anything is going to be accomplished.

No, it would be shocking.

And I'll tell you, David, if one more person comes on our air and say, well, of course,

they have to be solved, I mean, that's the kiss of death.

And I think people should stop doing that. I think they should be saying, will the president, like George Stephanopoulos did, will the president invoked the 14th Amendment when it doesn't work? There's a very sophisticated analysis by Stephanopoulos, and the answer is that he may. And then the Republicans would go right to Supreme Court, and the court is a Republican court. But that's what you have to think about. Well, Orzag, just to guess, of course, we're in OMB, you know, frequent guests on our air, had said that's probably the break the glass solution. He didn't use those words. That's the term that everyone's using, to break the glass. What is a Jewish wedding? Give me a break. I mean, this, I I got to tell you, this is one of those moments that we all, I mean, hey, you know what, of course they have to solve it because we'll look like a Mickey Mouse country. In 2011, David, the S&P downgrades us. Yes, I remember. I think we were sitting at this desk. Is it possible? No. I mean, like the same week, I think that some Latin American country was downcreated to like lower.

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