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Former MI6 Chief: Iran Problem Not Going Away
Bloomberg Television· 2025-06-25 15:22
Article five. Is it reliable. Can we rely on it. What is NATO's purpose at the moment if we can't rely on it.Well, Article VI's been there since 1949. It held the Soviet Union at bay during the Cold War. There wasn't an absolute guarantee.It's still a decision to be taken by each country when they as to what they do in response to a threat. But I think it has been very important. It has been a question now because of President Trump is is taking a more so transactional approach to this.Will he or won't he. ...
Boeing's BDS Unit Likely to Benefit From Iran-Israel Conflict
ZACKS· 2025-06-25 15:05
Key Takeaways BA's BDS unit may gain from increased demand due to the Iran-Israel conflict. Boeing has a 75-year defense partnership with Israel, including KC-46 and F-15I jets. BA trades at a 1.68X forward P/S ratio, below the industry average of 2.18X.The Boeing Company (BA) , a prominent defense manufacturer, is likely to witness growth in its defense business segment due to the recent conflict between Iran and Israel. Notably, the Boeing Defense, Space & Security (BDS) unit focuses on designing, devel ...
Trump Takes Credit for NATO Spending More on Defense
Bloomberg Television· 2025-06-25 14:45
A major focus of our conversations at the summit was the need for other NATO members to take up the burden of the defense of Europe, and that includes the financial burden. As you know, it was a 2% and we got it up to 5%. And they said a couple of them came up to me.One in particular said, Sir, we've been trying to get it up to 3% for 20 years and we haven't been able and you got it up to 5%. So they're going to be most of them, I guess almost all of them are going to be contributing now 5%, a number that. ...
Trump on NATO defense spending target increase: 'This is a big win for Europe'
CNBC Television· 2025-06-25 14:31
very historic milestone. This week, the NATO allies committed to dramatically increase their defense spending to that 5% of GDP. Something that no one really thought possible.And they said, "You did it, sir. You did it." Well, I don't know if I did it, but I think I did. This will be known as the HEG Defense Commitment, which is pretty good, pretty appropriate. When the allies reach this number, it will add more than $1 trillion a year.Think of that 1 trillion per year to our common defense. And this is a m ...
President Trump to speak at NATO summit
CNBC Television· 2025-06-25 14:12
As we await President Trump's news conference at the NATO summit, let's get over to Megan Cassellar for more. Megan, hey guys, good morning. So, this is a news conference that will wrap up a very quick trip by the president to the Netherlands, spending less than 24 hours there for the NATO summit, but we do expect him any moment.He's had a series of pull aides this morning with the head of NATO, uh, the leader of the Netherlands. Ukrainian President Vladimir Zalinsky was meant to be on his bilateral schedul ...
NATO Summit Outcome 'Great Success' for Alliance, Finland's Stubb Says
Bloomberg Television· 2025-06-25 13:29
Finnish President Alexander Stubb says the outcome of the NATO summit in The Hague is a "great success for the whole alliance," as leaders agreed to increase defense spending to 5% of GDP and renewed their commitment to mutual defense. Speaking to Bloomberg's Oliver Crook, Stubb also comments on the alliance's support for Ukraine. 00:00 - Finnish President Alexander Stubb on 'historic' NATO summit 01:48 - US President Donald Trump should be pleased about new NATO figure, Stubb says; Article 5 02:25 - Situat ...
Rutte: NATO Allies Agreed to Spend 5% GDP in Defense
Bloomberg Television· 2025-06-25 13:13
NATO leaders agreed on the The Hague Defense Investment plan. And this will fuel a quantum leap in our collective defense. They agreed to boost our defense industries, which will not only increase our security, but will also create jobs.And we have reaffirmed our unwavering support for Ukraine. All of this is crucial. It means that no matter the challenges we face -- whether from Russia or terrorism, cyber attacks, sabotage or strategic competition.This alliance is and will remain ready, willing and able to ...
LIVE: Trump Holds Press Conference at NATO Summit
Bloomberg Television· 2025-06-25 12:24
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. ...
LIVE: President Trump holds a press conference at the NATO summit in the Netherlands — 6/25/2025
CNBC Television· 2025-06-25 12:11
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 ...
Trump and Rutte Speak at NATO Summit in The Hague
Bloomberg Television· 2025-06-25 11:40
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. ...