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News@lemmy.worldEnglish · 5 days ago

Defense stocks drop after Trump says Pentagon spending could be halved

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Defense stocks drop after Trump says Pentagon spending could be halved

MicroWave@lemmy.world to

News@lemmy.worldEnglish · 5 days ago

cross-posted to:
[email protected]

Shares of Northrop Grumman and Lockheed Martin were under pressure after President Donald Trump raised the idea of large cuts to defense spending.

KEY POINTS

Defense stocks dropped sharply Thursday afternoon after President Donald Trump suggested the U.S. could massively cut defense spending.
Trump has sent mixed messages on military spending throughout his 2024 campaign and in the early days of his presidency.

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4 days ago
Exactly, this is just fishing for a bribe, just like the tariffs. Bribe Trump enough and your program or industry will get a loop hole or passed over for 6 months or whatever.

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