Squawk on the Street Trump Sparks Defense Rally, Paramount Responds to WBD, Alphabet Leapfrogs Apple 1/8/26
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Jan 8, 2026 Hosts dive into the surge in defense stocks following Trump's proposed $1.5 trillion military budget. Paramount's strategic response to Warner Bros. Discovery's rejection showcases the competitive media landscape. Alphabet's climb over Apple reflects shifting tech dynamics, powered by YouTube's performance. Meanwhile, Trump's meeting with oil executives signals a potential revival of Venezuela's crude production. The discussion also touches on NVIDIA's geopolitical challenges and Costco's impressive retail results.
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Presidential Rhetoric Moves Defense Stocks
- The president's call for a $1.5 trillion 2027 defense budget drove a sudden rally in defense stocks and analyst seriousness.
- Jim Cramer warns Congress still controls budgets but market moves on presidential signals can be powerful.
Buy Dips In Defense On Political Spikes
- If you like a defense name, consider buying on dips when political rhetoric spikes volatility.
- Jim Cramer suggests buying quality defense stocks when fear overshadows fundamentals.
Paramount vs. Warner Bros. Is A Trench War
- Paramount reaffirmed a superior $30/share all-cash bid and plans a long shareholder fight with Warner Bros. Discovery.
- The deal hinges on financing concerns, reverse break fees, and the spin-off valuation of Global Networks.
