Marc, walk us through what the defensive trade in this market is. Is defense still a defensive trade. Your take.I'm not so sure it is a defensive trait, given that the exceptional surgery seen in some of the valuations of those stocks. This has been a long running narrative and I actually think it's quite a bullish and aggressive story. You know, we're talking about the kind of quibbling about what Spain will get to in terms of percentage of GDP spend.But the overall story here is that Europe is moving to a ...

I'm very excited about about today. I believe this will be a transformational summit. Obviously very much concentrating on the spending, making sure that NATO collectively has the money and the capabilities to indeed given our long term threat of Russia, but also the massive build up of the military in China and the fact that North Korea, China, Iran are supporting the war efforts in Ukraine.It's really important that we spend more so that we'll be number one on the agenda today. A new plan when it comes to ...

Early US intelligence findings suggest US airstrikes had a limited impact on Tehran's nuclear program. Also on the show: a fragile ceasefire between Iran and Israel appears to be holding; Jerome Powell faced questioning on Capitol Hill repeating that policymakers need not rush to adjust rates; President Trump says China can continue buying oil from Iran; Trump shared a private message from the NATO Secretary General praising his actions in Iran. Guests include: Omar Rahman, Middle East Council on Global Aff ...

I'd like to get your reaction from what we got over the weekend from Donald Trump air strikes over Iran. I would like to get an idea if you have an appraisal of how imminent the threat from the Iranian nuclear program was. Was it was the American action in violation of international law as a matter of a consequence.Well, the international law says, you know, gives you good to reasons where you can use force. One is self-defense and the other one is by the mandate of the Security Council. So those who use fo ...

Spain’s Economy Minister Carlos Cuerpo discusses the country's defense spending plans as NATO leaders meet in The Hague for a summit expected to endorse the new investment targets. He tells Bloomberg Television that Spain has estimated what it needs to spend and that this amounts to 2.1% of output and that it will remain a "responsible NATO ally." He also comments on the decision by the Spanish government regarding BBVA's bid for Banco Sabadell. 00:00 - Spanish Economy Minister on NATO spending, 2.1% of GDP ...

The Chinese government will, as always, encourage and support entrepreneurs in their undertakings and endeavours and continue to foster a market oriented world class business environment governed by a sound legal framework. With arms wide open, we warmly welcome enterprises from around the world to invest in China, deepen your roots in China, develop alongside China, and work with us for a better future. To conclude, I wish this annual meeting a full success.Thank you. That was the Chinese premier, Li Qiang ...

Donald Trump ensured that NATO’s high-stakes summit would be a nervy affair to the end as he flew in to The Hague. Annmarie Hordern reports. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter ...

Tariffs to tack to now student visa bans. Is there a sense that the U.S. under the Trump administration has a clear China policy, a clear China strategy. So, look, I think the one area, one of a few areas in which there is not real clarity about the ultimate direction of where President Trump wants to take a relationship is between the United States and China.And that's similar to the first term. And I think the reasons for that is that under the Trump tent, there are very different views. You have some peo ...

Before we talk about the moves in oil prices, lots of attention about this truth social post that President Trump put up saying that essentially he's greenlighting China to keep buying Iranian oil. How should we read that. The White House came out yesterday to say that this doesn't mean that they're waiving sanctions, but still pretty notable.Yeah, I mean, you'll be shocked to hear, we don't know for a change. And look, the headline on all stories today uses the word baffled. And I think that is the key wor ...

Joumanna, these findings then clashing with President Trump's assessments of the attacks. That's right. President Trump had claimed that they had totally obliterated some of those nuclear sites that they hid out over the weekend.But this latest report put out by the Pentagon itself, the Defense Intelligence Agency, suggesting that the blows didn't actually manage to administer the fatal blow that Trump had characterized. Instead saying that at most it had set back the nuclear program by as much as six month ...