President Donald Trump holds a press conference at the NATO summit in The Hague. The alliance just reached a deal to increase defense spending to 5% of GDP and leaders renewed their commitment to mutual defense in an historic move that comes at the time of an increasingly belligerent Russia. ...

President Donald Trump delivers remarks at NATO summit on Wednesday. NATO will show on Wednesday whether it can unite on a defense spending hike. Allies have been wrangling over a joint statement that will be released at the end of the summit on. The coalition’s members have been pressured to commit to spending 5% of GDP on defense. Some have pushed back. Trump doubled down on the success of Washington’s strikes on Iran, dubbing an American intelligence assessment of the offensives as “inconclusive.” The in ...

We're with them all the way. If you take a look at the numbers, we're with them. And they're very big things to announce.And I don't know if you've taken the vote or you're going to take the vote, but I've been asking them to go up to 5% for a number of years and they're going up to 5%. That's a big from 2%. And a lot of people didn't even pay the 2%.So I think it's going to be very big news that it is going to become very strong with us. And I appreciate doing it. Perhaps you want to jump.Yeah, absolutely. ...

US President Donald Trump expressed support for NATO, praising its moves to bolster defense spending. Trump and NATO Secretary General Mark Rutte were speaking to reporters in The Hague. -------- 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 wi ...

Defense Spending & NATO - NATO aims to reach 5% defense spending target, requiring difficult decisions from member states [5] - The challenge lies in justifying defense spending during peacetime [5] - NATO Secretary General is working to keep European countries united on defense spending [6] - Discussions include opening financial possibilities for member states to spend more and promoting joint procurement [7] - The 2% of GDP spending pledge by 2024 was not met by all countries [9] - The summit's primary goal is to secure agreement on moving to 5% of defense spending [10] - Article 5 of NATO is clear: an attack on one is an attack on all [13] Geopolitical Issues & Ukraine - Every new war diverts attention from ongoing conflicts, such as the one in Ukraine [17] - The EU has supported Ukraine's military with €24 billion in 2024, exceeding last year's support [18] - The EU is pursuing an 18th package of sanctions against Russia [18] - Discussions are planned regarding the use of Russian frozen assets to aid Ukraine [19][20] International Relations & Trade - The EU is working towards a trade deal with the United States by July 9th [20] - Canada's potential relationship with the EU is being considered, despite geographical challenges [21][22]

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 ...

Where do NATO's members stand. Get us up to speed on where different members of NATO stand on that defense spending and that target of 5%. Yeah.Tom It's worth just sort of noting this moment where we got to have 5%. You know, this is something that Donald Trump had sort of floated in his election campaign, his re-election campaign talking about NATO at 5%. This was basically, I wouldn't say quite laughed at, but completely rejected as a concept, totally unrealistic and basically something that the Nato and ...

Market Trends & Geopolitical Impact - Rising geopolitical tensions, including conflicts in the Middle East and Ukraine, are driving increased defense spending worldwide [1] - The US defense spending remains one of the few areas with strong bipartisan support [1] - Global air traffic continues to rise due to the growing middle class and emerging economies, driving future air travel demand [1] US Defense Budget - President Trump has proposed a $1 trillion (万亿) National Defense Budget for fiscal year 2026, which is up 13% from the previous fiscal year [1] - Key priorities in this budget include the Iron Dome missile defense system, ship building, nuclear modernization, and pay for military personnel [1] ETF Performance & Holdings - iShares Aerospace & Defense ETF (ITA) is the most popular in the space with approximately $79 billion in assets and an expense ratio of 072% [1] - The top three holdings in ITA account for 45% of the portfolio, with GE Aerospace accounting for more than 20% and RTX getting more than 15% weight [1] - Invesco Aerospace & Defense ETF (PPA) has $55 billion in assets and a slightly higher expense ratio of 057% [1] - Global X offers a fund (SHLD) which holds defense technology companies, including industrial companies, cyber security companies, AI, and drone systems [1] - A European ETF (EUND) has surged 65% this year, while the Global X ETF (SHLD) is up about 55% [1]

Market Trends & Geopolitical Landscape - Escalating global conflict translates to defense stock outperformance, indicating a positive outlook for the sector [2] - NATO allies are expected to commit 5% of GDP on defense spending, representing hundreds of billions of dollars in incremental procurement [4] - Germany and Japan are rearming, further stimulating defense spending globally [4][5] Key Players & Opportunities - Analysts see positive stock implications for Elbert, Boeing, Lockheed Martin, Northrop Grumman, and RTX, particularly in aircraft, missiles, bombs, and missile defense [2][3] - Boeing is expected to benefit from aerial refueling tanker replenishment for the US and Israel [3] - US defense products are expected to remain in demand in the near to medium term due to technological prowess and capabilities [5] Military Operations & Technological Superiority - Operation Midnight Hammer showcased American military capabilities with 125 aircraft and 75 missiles launched, including 14 GBU 57 massive ordinance penetrators [1] - The operation included the largest B2 operational strike in US history and the second longest B2 mission ever flown [1] - Air superiority still matters, supporting continued spending on exquisite systems costing billions to make and maintain [2]

UK Defense Spending & Capability - UK government will begin the biggest sustained increase in defense spending since the end of the Cold War [1] - The British army's combat power is much less than it has been [1] - The army is at its smallest size since the Napoleonic era, losing more people than it's recruiting [2] - Security experts believe Britain is incapable of defending itself against a ballistic missile attack [4] - There is a significant gap between Britain's rhetoric/reputation and its actual military capabilities [5] Financial Constraints & Political Challenges - Voters want more security and greater defense spending, but don't necessarily want to pay for it [4] - Since 1955, there's been a correlation between the UK's ballooning health and welfare bill and cuts to defense spending [10] - In the 50s, defense spending was at 7-1/2% of GDP and health spending at around 3% of GDP; those percentages are almost flipped now [11] - Raising defense spending to 5% of GDP will add 350 billion pounds to the level of government debt by 2032 [19] - By 2030, upping the NATO target to 5% would mean an extra 87 billion pounds worth of spending on defense [18] Strategic Considerations & Industry Impact - The current target strength is 72,000 personnel, but available strength is around 55,000 [6][7] - Defense spending will now rise to 2-3/5% of GDP by April 2027, including the contribution of intelligence agencies [17] - Focus expenditure on investments in this country, not importing from the US, to provide a domestic boost to the economy [23] - Military spending focused on research and development could lift UK productivity [23] - Industry needs commitments from the UK government or allied governments to know exactly what they need to make [26]