Ilya Fushman

Coming up on the show, we speak with Rachel Hoff, Policy Director at the Ronald Reagan Institute, on key takeaways from the Hill and Valley Forum where we were yesterday, but also the growing prominence of the defense tech sector and its relationship with the administration and government here in Washington, D.C.

It is halftime in the program.

This is Bloomberg Tech.

Welcome back to Bloomberg Tech.

This is what financial markets look like.

Technology stocks in particular pushing higher, oil coming down a little bit.

The market is weighing up the prospects of a ceasefire, of a plan towards peace in the context of the war in Iran.

America has put out some proposals.

What we've seen throughout the morning is lines principally via Iran's state television pushing back actually on their interest in engaging with the U.S., but

At least in the technology sector, we haven't seen the NASDAQ 100 or the Philadelphia Semiconductor Index change directory.

You still see Brent crude.

That's the global benchmark for oil.

Hold above $100 a barrel and a lot of focus on supply chain, particularly the passage of ships through the Strait of Hormuz in the context of energy, but other things as well.

That's what we've been talking about for 24 hours straight.

I want to define what that spending is.

What we've looked at on the show historically, Rachel, is unclassified or declassified missile spending.

And to hammer home the point, largely it goes to Lockheed Martin and others of that legacy prime ilk.

The question I suppose at this juncture is, does what's happened with the war in Iran change that?

You know, we've done a lot of covering the use of drones, lower-cost, autonomous technology.

The question for your report is, is the trajectory different now?