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.
Oh if anyone is going to be successful in Kennedy-ing a President, it would be the military-industrial complex.
Keep cutting spending Donald, you’re doing a great job!
Why would defence have a “stock”
Defense contractors are mostly publicly traded companies. Raytheon, Lockheed, Boeing etc.
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As opposed to having the government directly design planes and ships and stuff? Even in ‘communist’ countries such as Russia and China, they have companies that compete for business. Remember that essentially all the billions spent with these defense contractors is employing and producing products here as opposed to overseas.
Who’s to bet a load of shares get bought up, then suddenly this announcement is rescinded?
Playing the market based on the insanity dripping out of this guy daily, not a bad plan. If only there was some actual rhyme and reason to what he does.
The market manipulation is the rhyme and reason.
You give Trump’s dementia-addled ramblings far too much credit.
He’s just the puppet at this point.
I was already going hard on AI stock, then day of inauguration when he sent the clear message of where tech companies stand in running this country I dumped ALL investment money into AI stock. If I have to live in this hellscape I better at least get to retire in it.
My brother, have you heard about the benefits of diversification? If you want to retire at all, don’t put all your eggs in one basket.
If I invested in eggs I wouldn’t be in this mess!
Everybody was panic buying ! Those stocks were fast as lightning!
In fact the buying was a little bit frightening.
But AI had expert timing.
Everybody was kung fu fighting.
dude, if you don’t have anything to contribute just don’t type
Dude… WHOOOSH!
No I got it, the song.
The thing is the first two posters changed the lyrics to fit the topic.
You just typed the lyrics to the actual song.
I bought lockheed martin call options after the way the steel markets rebounded
Edit: just checked volume on LMT. 2.4M today vs an average of 1.35M. Yeeeeeeah. Lot more buyers than usual today
Yay for incredibly immoral investments. It’s disgusting how stock trading has been gamified and divorced from what it actually is, owning and supporting a company.
Since the entire thing is contingent on China and Russia agreeing to half their defence budget too, the only thing to bet on is when it will be rescinded.
Work it baby, work it. Insider trading on steroids, or rather Adderall.
Yes please cut defense spending in half.
Twice.
So… a quarter of the original left?
Yeah then do it again!
Do it infinite times!
He wants to annex Canada with half the war machine funding?
He is literally a fucking moron.
Seems like the strategy is for us Canadians to feel so sorry enough with the state of affairs over there, that we’d join the states out of sympathy. Nice try.
Even Canada isn’t that sorry.
No, he wants to annex Canada, Greenland, Gaza, and Panama.
Probably Ukraine too. Let’s just take over the planet and spread our
terrordemocracy all over the world /sAnd then she’ll be surprised when they fight back.
Invasion of Canada doesn’t need much military. It’s just a fact.
Lemme guess, it would only be a 3 day special military operation? 🙄
I think you need to read about what the Canadian military did in WW1 and why that is one of the reasons the Geneva Conventions exist.
Maybe it’s best not to piss off Canada.
Crippling Canada’s military would be relatively easy. Holding the country would be absolutely impossible. It’s enormous geographically and occupation requires around 20 to 25 soldiers per thousand residents.
We would have to dedicate a cool million soldiers for the 40 million residents of Canada. The US had only 450k-ish army members in 2023, so that would be difficult.
Not to mention triggering Article 5 for the rest of NATO and shattering every defense agreement at once. You know, Putin’s wet dream.
If there’s going to be a world war, I’d prefer to not be on the side of Russia and China.
On the side of China? Their side is is sitting it all out and letting the U.S. and Russia devour themselves while picking up all the trade deals, currency holdings and eventually all the economical losses that will make it the strongest economy I’m the world by far. What do they have to do? Keep giving a nudge here or there, and watching egomaniacs devour their fellow citizens and the citizens eventually fight back to regain their freedoms. China wins every time Trump opens his mouth. But I don’t feel they are on the side at all, just happily enjoying the little puppeting they need to do.
You guys are so enamoured with Nazis you forget Vietnam.
Previous losers willing to kill millions for a win.
And Afghanistan. Which definitely happened during their lifetime.
Didn’t they and Britain burn down the white house in the war of 1812? They seemed pretty fierce in WWII. As an American, I suggest we not fuck around, lest we find out. I’m much happier with Canada as ally, thank you very much. From wikipedia:
By the end of the war Canada had the world’s fourth largest air force,[6] and third largest navy.[7] The Canadian Merchant Navy completed over 25,000 voyages across the Atlantic,[8] 130,000 Allied pilots were trained in Canada in the British Commonwealth Air Training Plan. On D-Day, 6 June 1944 the 3rd Canadian Infantry Division landed on “Juno” beach in Normandy, in conjunction with allied forces
Found Putin’s fedi account. 3 days to Ottawa, eh? Will work just like the last one, eh?
Pffft, like we’d believe that Ottawa is the capital of Canada. On to Toronto!
We would probably surrender and then work diplomatically to regain independence or some other-outcome that would be better than blowing our neighbours up.
What do you mean we? We literally cannot cede to a foreign power without a unanimous vote, which will never happen. You desperately need to read our charter of
rights and freedoms, if you actually are Canadian.E: see below for where it actually came from, I’m a wee bit daft.
The Canadian Charter of Rights and Freedoms itself does not mention a requirement for unanimous consent. However, the Constitution Act, 1982, in Section 41, outlines the “unanimity formula,” which requires unanimous consent from all provinces and both Houses of Parliament for constitutional amendments related to specific matters, such as changes to the office of the Monarch, the composition of the Supreme Court, or the amendment process itself[3][4].
Citations: [1] Unanimous Consent - House of Commons Procedure and Practice … https://www.ourcommons.ca/procedure-book-livre/en/document?sbdid=37461d8b-10dc-48a4-99a8-8a843ba16e8a&sbpid=72cb21d4-6a4c-4343-a388-496b5b293b21 [2] Unanimous Consent - The Process of Debate - House of Commons https://www.ourcommons.ca/procedure/procedure-and-practice-3/ch_12_5-e.html [3] Amendments to the Constitution of Canada - Wikipedia https://en.wikipedia.org/wiki/Amendments_to_the_Constitution_of_Canada [4] THE CONSTITUTION ACTS 1867 to 1982 - Laws.justice.gc.ca https://laws-lois.justice.gc.ca/eng/const/page-13.html [5] Amending Formula - Centre for Constitutional Studies https://www.constitutionalstudies.ca/2019/07/amending-formula/ [6] Charterpedia - Section 1 – Reasonable limits - Department of Justice https://www.justice.gc.ca/eng/csj-sjc/rfc-dlc/ccrf-ccdl/check/art1.html [7] Guide to the Canadian Charter of Rights and Freedoms - Canada.ca https://www.canada.ca/en/canadian-heritage/services/how-rights-protected/guide-canadian-charter-rights-freedoms.html [8] The Notwithstanding Clause of the Charter - Library of Parliament https://lop.parl.ca/sites/PublicWebsite/default/en_CA/ResearchPublications/201817E
Damn I’m blind huh. Thank you for the correction.
Wow, they tanked *checks notes* 1.6% and 3.6%. Woooow
They probably shorted them first
I’m guessing this is all just a ploy to make Lockheed, Northrup, and Raytheon kiss the ring.
Next week, all the classified work will be contracted to them for a steal of only thrice the price, but only once they’ve publicly kissed his ass enough.
Lockheed, Northrup and Raytheon would learn Farsi in a blink if it gave them a better bottom line
I don’t like it when I agree with the general notion of something Trump says or does. Makes me feel dirty.
Broken clocks. If its any consolation he could be, variously-
- Floating random shit. Common Trump talk.
- Actually wanting to weaken the U.S. militarily, to the benefit of his leash holders.
- Fishing for bribes.
3 is my guess. Look at tiktok
Thats the magic of trump though, when he’s vague about things he can sometimes spin them as something agreeable. My guess is he’ll keep the regime change bullshit and nix stuff like burn pit procedures, ukraine support, and veterans benefits
He’ll direct the savings to creating a new internal police force.
Would be a good thing if it would actually happen but we all know it won’t. Happy to be proven wrong however
Would it be a good thing? A lot of our power comes from military spending
We spend more on our military than the next 9 countries combined not including our dark operations that we can’t account for in our budget already.
We could cut our military in half and still be the best funded military in the world.
That problem isn’t other nations, it’s the US and the military industrial complex
Have you ever read the unclassified annual threat assessment? There is an official report the intelligence comminity puts out every year detailing what other nations are doing around the world. And that’s just what theyre allowed to tell us.
Ive read it, and if you look at what they detail out for chinas militarzation moderniation plans, theres not many reasons theyre doing what theyre doing unless to compete with the USA. Not to mention, chinas going faster than what originally was thought, and theyre becoming less reliant on other nations to do it. Thats just 1 nation. The usa has stuck its nose in too many peoples business that if they stop the arms race, there could be a lot of nations coming knocking. Weve painted ourselves into a corner (or at least have the perception of it).
Edit: all that said, theres definitely ways to be more fiscally responsible with our military spending… just look at the f35 or the sentinel program
The poor F35. Another example of why you don’t build planes by committee.
But we also sell a lot of that military equipment to allies, making everyone stronger and recouping some of that spending at the same time.
A quick search shows about $300b in sales last year with a spending budget about $800b. Of course, that depends on whether Ukraine survives to be able to repay its debt. But even if it can’t, all the military spending goes to US owned companies or citizens (our soldiers) which circulates in the domestic economy.
And sell a lot of equipment to genocide perpetrators.
Good news, we’re about to have a lot less allies!
The US shouldn’t have the power that it does, so yes. It would be a good thing.
But if the alt is china, of course the usa is a better option.
Considering how we’ve used that power in Afghanistan, Iraq, and Vietnam? Yes, its a good thing.
And it’s due you lose some
If he actually tried to follow through, there would actually probably be a military coup.
In America.
If he actually halves Pentagon Spending, that would be… the first good deed he’s ever done.
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
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.
Well, couldn’t the M1 Abrams be replaced with cheaper Tesla cybertrucks?
“Sir, half of our swastitanks have burned to the ground.”
“Who attacked them?”
“Attacked?”
It just rained sir.
Are you kidding … who the hell believes anything this idiot says any more. If any one does, then you are just as dumb or dumber than this orange cheeseball.
He is the master of deception, lies and misdirection … he’ll say one thing, everyone panics and runs around scared or angry and while they panic, he goes behind everyone to pull off some cheesy lame ass scam that would have been easy to stop otherwise but he gets away with it because everyone is preoccupied.
The stocks will jump up and down at his every whim and because he is the one directing the show, he’ll profit by betting on when the fall occurs and when the rise returns. He’ll skim off everyone’s wealth over and over again until we’re all bled dry.
nooooo!! my lockheed shares!!!
It doesn’t need to be halved. They just need to figure out where a large portion of the money goes, since they can’t seem to account for it.
