Closing Bell

Virgin Orbit has halted operations and furloughed most of its approximately 700-person staff as the launch service provider looks for a funding lifeline. The cash crunch comes amid consolidation in a crowded launch market. Morgan discusses the VC outlook with Space Fund co-founder & managing partner Meagan Crawford: an investor in SpaceX, Axiom Space, and more. For more Manifest Space, listen and follow here: https://link.chtbl.com/manifestspace Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Nasdaq eked out a gain today for its third straight positive session, while the Dow and S&P 500 finished negative but well off their lows. Canaccord’s Tony Dwyer and former PIMCO Chief Economist Paul McCulley discuss what the recent market moves mean for the Fed next week while our Hugh Son discuss the latest moves around Credit Suisse. KBW CEO Tom Michaud discusses the regional banking sector as investor worries continue to plague the stocks. Plus, former Wells Fargo CEO Dick Kovacevich talks how to run a bank during a crisis and former SEC Chair Jay Clayton on new investigations from the DOJ and SEC into Silicon Valley Bank.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Scott Wapner delivers the breaking news of the hour as the Swiss Financial Market Supervisory Authority and the Swiss National Bank says that Credit Suisse quote, “meets the capital and liquidity requirements imposed on systemically important banks” and that the central bank will step in if the situation changes.  Shares of Credit Suisse fell more than 20% it had previously delayed its annual report and said it found quote “material weakness” in its financial reporting in prior years. Plus, Wharton School Professor, Jeremy Siegel, weighing in on market moves and the big question of what the fed will do next.  Professor Siegel also giving his predictions for if a recession is on the horizon.  As financials continue to plunge, Crossmark’s Victoria Fernandez on why she’s adding to her position in one major bank.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Dow snapped a 5-day losing streak and the Nasdaq posted back-to-back gains. Regional banks finished sharply higher. Nuveen’s Saira Malik gives her take on this morning’s inflation report while Annandale Capital’s George Seay discussed why he still likes Meta and Apple. A US/Russian confrontation over the Black Sea briefly caused markets to tumble; former Defense Secretary Mark Esper gives his take on how the two nations can reconcile. Legendary investor Mario Gabelli discusses what stocks he likes now, including some names in defense and the consumer. Cadre Executive Chairman Ryan Williams discusses the ripple effects from rising rent costs on commercial and residential real estate. Plus, what earnings from Lennar reveal about the consumer and the economy and why bitcoin is rallying despite negative headwinds.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks rebounded in today’s session – so investors are wondering if we are out of the woods yet? Adam Parker of Trivariate gives his forecast. Plus, billionaire investor Carl Icahn gives his take on the market, Fed and his latest activist target.  And Oakmark’s Bill Nygren reveals how he is trading the financial sector amid all of the uncertainty of SVB’s collapse.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

While the Dow and S&P 500 closed lower, Nasdaq ended higher despite a volatile session for stocks, coming after U.S. regulators unveiled a plan to backstop depositors in Silicon Valley Bank. Regional banks were hit especially hard with First Republic falling 60%. Fundstrat’s Tom Lee still sees the setup as constructive in the medium-term. Venture capitalist David Sacks, after a weekend on Twitter calling for government intervention, discusses what’s next for Silicon Valley, startups and the broader economy. Plus, one beneficiary of the situation: Brex, which has seen inflows since Friday. The CEO talks the impact on his business. And a lookahead to tomorrow’s critical inflation report. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Markets were on edge all session long with yields plunging as questions swirl about the future path of the economy and the Fed. DoubleLine’s Jeffrey Gundlach gives his exclusive take on the volatility. Plus, iCapital’s Anastasia Amoroso breaks down the banks where she’s seeing the biggest risks. And, EMJ’s Eric Jackson discusses where he sees the growth trade headed from here … and the stocks he is buying during this uncertain time.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks fell hard in the wake of the collapse of Silicon Valley Bank, with broad losses across the board adding to sizable losses on the week. Bob Elliott from Unlimited discusses what happened at the bank and the ripple effects across assets. Y Combinator president Garry Tan explains why he sees this as an “extinction level event” for startups. Plus Bleakley’s Peter Boockvar on the one thing the Fed has “zero chance” of doing at its next meeting in light of this week’s events. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

What does the SVB earthquake mean for your money and the markets in the days and weeks ahead? Schwab’s Liz Ann Sonders gives her market forecast. Plus, FirstMark’s Rick Heitzmann drills down on how the fallout from the tech-focused lender could impact VCs and startup ecosystem. And, market expert Mike Santoli breaks down what he is watching as we head into a fresh trading week. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Morgan speaks with Slingshot Aerospace co-founder & CEO Melanie Strickland and the company’s work in tracking satellites and risk assessment. They discuss generative artificial intelligence, space traffic and diversity efforts in the sector. For more Manifest Space, listen and follow here: https://link.chtbl.com/manifestspace Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.