Defense Stocks Surge as Middle East Attacks Escalate

Defense stocks surged Monday as military attacks escalated across the Middle East, with operations in the region underscoring that air and naval assets remain central to military strategy, which is likely to support the proposed US $1.5 trillion defense funding request. The group has rallied over the past year as global tensions intensified following the conflict between Russia and Ukraine, the US ouster of Venezuelan President Nicolás Maduro, and President Donald Trump's threats about taking over Greenland, which further fueled the rush into defense stocks. Bloomberg Intelligence Senior Defense Analyst Wayne Sanders joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec.