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]

Well, another sector to watch, aerospace and defense. American military capabilities were on display with Operation Midnight Hammer. 125 aircraft, including seven B2 stealth bombers.Some 75 missiles launched, including 14 GBU 57 massive ordinance penetrators, also known as the bunker buster bombs. Across two nuclear sites, another two dozen Tomahawk missiles launched from a submarine to a third site. It was the largest B2 operational strike in US history, the second longest B2 mission ever flown.following 9 ...

I can announce this government will begin the biggest sustained increase in defense spending since the end of the Cold War. Britain is back on a war footing, but apparently in threadbear shoes. The combat power that the British army can bring to bear is much, much less than it has been able to.It's now its smallest size since the polonic era, losing more people than it's recruiting. Reversing course would require a level of sustained investment that eclipses the timeline of the current prime minister's admi ...

Well, for more on how this might impact markets and investors, let's bring in Terry Haynes. He is founder of political forecasting firm Fangia Policy and former head of US policy and political analysis at Evercore ISI. Terry, it's great to have you on.Let's start right there. Can we get a bill across the finish line here by July 4th. And how much now hinges on the Senate bill going back to the House to do it.Good afternoon, Morgan and John. Uh firstly, I think it's entirely possible that they can get it don ...

Let's start with your word of the day, Kevin. My word of the day, Frank, is restrictive. Now, the geopolitical events are dominating the headlines and for good reason, but we do have a Fed meeting this week and I think markets are going to be paying very close attention to the path of interest rates and I could make a case that I think that we're already in territories where we're getting a little restrictive and we need to start having a conversation at least about rate cuts.All right. So, I think we need ...

Hi, welcome back to Paris and the Paris Air Show. I'm Philippo live with the COO of Loheed Martin, Frank St. John.Thank you for joining us. Uh, lots to discuss because defense is the topic that is happening right now and a lot of people are saying defense spending. Are we in the beginning stages here given everything we're seeing, Ukraine, the Middle East, or are we sort of in those middle innings.Where would you say we are. Hey Phil, good to see you again. And I would say we are in probably the beginning o ...

Geopolitical Impact on Aerospace & Defense - Geopolitical unrest directly correlates with increased defense spending, leading to historic levels of global defense expenditure [7] - Ongoing conflict, such as the one involving the Israeli Air Force using F-35s, suggests continued robust demand in the aerospace and defense sector [3][13] - The situation suggests that peace is not expected in the near future, unfortunately driving defense spending [8] US Defense Budget and Spending - The House appropriators' FY26 bill is flat but includes a 45% year-over-year increase in investment spending, benefiting large-cap companies [6] - House Republicans are considering a reconciliation package that would allocate $150 billion in generational investment [7] - The Trump administration has discussed a $1 trillion defense budget, including both mandatory and discretionary spending [11] NATO and International Spending - A NATO summit is expected to discuss increasing equipment purchases to 35% of GDP [7] - If NATO were to increase spending to 5% of GDP, it could result in approximately $700 million in additional spending [11] US Foreign Military Sales - US foreign military sales are on pace for a third consecutive record year, indicating robust demand from US allies and partners [11] - Last year, foreign military sales reached $127 billion, following $18 billion the previous year [12]

We all understand that u European allies will have to take u much greater responsibility for our own defense. uh but uh this transition uh this handover of responsibility from United States more to Europeans will require some time and even if uh we uh adopt the decision to increase significantly defense spending even if uh we apply all uh the measures of uh flexibility and efficiency it will really take uh years uh to replace some of uh uh US strategic enablers. I understand that the United States will try ...