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News@lemmy.worldEnglish · 3 months 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 · 3 months ago

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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Queen HawlSera@lemm.ee
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3 months ago
If he actually halves Pentagon Spending, that would be… the first good deed he’s ever done.
- bitchkat@lemmy.world
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  3 months ago
  I can see him doing away with seasonal clock shifts by accident at some point.
- answersplease77@lemmy.world
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  3 months ago
  He never will. He sent a message for weapon manufacturer CEOs to chip in, and off course they will gladlyl buy him just like how silicon techies did

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