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She was widely thought to be hawkish on military spending due to her record as a US Senator and former Secretary of State.But Trump’s win has kicked the defense sector into an even higher gear.Boeing, which also makes commercial jetliners (and Air Force One) is up 18% this year, making it one of the top stocks in the Dow.Related: American oil companies deepen Saudi ties, despite rivalryFellow Dow component United Technologies (UTX), whose Pratt Whitney unit makes engines for many military planes, is up more than 10% year to date, as are Raytheon, Lockheed and General Dynamics.Naeem Aslam, chief market analyst for Think Markets UK, believes that the defense sector will continue to shine.Aslam said Trump is likely to continue to push for more big defense contracts from foreign governments since that will allow him to tout job creation in the process.”The jobs market is his biggest baby,” Aslam said.To that end, the White House noted in a blog post about the meeting with King Salman that the deal is “expanding opportunities for American companies in the region, potentially supporting tens of thousands of new jobs in the United States.”And White House Press Secretary Sean Spicer lauded the deal in a tweet as the “largest single arms deal in US history.”It’s also no secret that Trump’s proposed federal budget will be good for the defense sector as well.While Trump is expected to propose cuts to various domestic social safety net programs like food stamps and Medicare, the preliminary budget from March earmarked a $54 billion increase for spending at the Pentagon.CNNMoney (New York) First published May 22, 2017: 1:00 PM ETContact UsClosed CaptioningSite MapMost stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET.
Irwin, the Apollo 15 astronauts, walk to the transfer van that will take them to their spacecraft atop a Saturn 5 rocket for a practice countdown demonstration test at Cape Kennedy, Fla., July 14, 1971. The Apollo 15 moon mission is scheduled for launch on July 26. Air Forces in the Pacific, greets the Apollo 15 astronauts after they were flown by helicopter to the USS Okinswa from their splashdown point, August 7, 1971.
1 point submitted 7 months agoI was queued up in a game a few nights ago where a player on my squad didn speak English. The rest of us did. He kept asking in Mandarin “Can anyone speak Mandarin?, I don know English.” I normally hate talking strangers but I told the guy no one else could understand him and that he was being annoying (I Chinese American myself.) His incessant whining was starting to piss off the other players.