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CC-Transcript

  • 00:00Corner M there can be movers and then there can be the individual names of the moment. Where do you start with tonight? Well, I'm trying to stay as far away from the bank stocks as they possibly can because I'm trying to see whether we can shift on yet. We're still kind of keeping an eye on what's going on. We haven't mean the markets come back. But let's keep Q4 yet and has not. Correct. And that's been one of the questions. Is this just a sign of a change in profitability, given some of the flood of cash out of banks into money market funds, or is this something with people still concerned? I'm also watching. I have to go here to Digital World Acquisition Corp.. This is the blank check firm taking Trump Media public. And it's interesting to see that it's up more than 10 percent as everyone focuses on the former president once again. You have a Y on this. Probably. It's a lot this obscure. This is like Brando obscurity moment show. OK. Just throw in this at the wall. Publicity is good. Publicity is good for people who want to get eyeballs. And so if you think about the idea of a media company, well, what better advertising? Because evidently, as they say, no publicity is bad publicity. And look at what everybody's talking about this morning. I'm looking at Virgin Orbit Holdings. This is Richard Branson's out shoot that provides launch services for small satellites, saying that it was going to wind down its operations, ceasing operations, and definitely it was cutting 85 percent of its workforce to reduce expenses. And this is because they lack of meaningful funding. So perhaps one of the casualties of the offending squeeze, particularly in the tech sector, I do want to make that leap too far. But those shares down more than 40 percent has been challenged for a year. Correct. So how many stories that have been challenged for a year that suddenly end up imploding? Do we start lumping in as something part of the Rameau Gloom stock check? You have the challenges of a former presidents indictment. You've got Branson blowing up to use an apt phrase. And then what's the next one you've got from my childhood BlackBerry? OK. Let's be very clear. BlackBerry used to be that little device for you. Could it like, you know, use Joe Weisenthal. Now, remember this. No, I had a BlackBerry, but those shares are down almost 4 percent because it's actually now a cyber security company. And that's what it focuses on. Yeah. It's something odd. Because it's not what it was. Basically, fourth quarter estimates were fourth quarter revenue, I should say, missed estimates. And there are some concerns about government deals slipping at a time when there is going to be a lot of competition for these kinds of services.
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Lisa's Market Movers: Top Moving Stocks This Morning 3/31

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March 31st, 2023, 12:00 PM GMT+0000

Bloomberg's Lisa Abramowicz reports the top moving stocks this morning: Digital World Acquisition Corp., Virgin Orbit and BlackBerry. (Source: Bloomberg)


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