Julie Morgan

Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

Thanks so much for joining me on this Thursday, January 8th.

I'm Julie Morgan.

And after hours rebound for defense, Ford wants drivers to look away and pay for it.

And Big Tech has a leaderboard update.

Defense stocks have rebounded sharply, which was triggered by a social media post from President Trump, where he proposed an historic $1.5 trillion defense budget for fiscal year 2027.

This represents a substantial increase from the previously discussed $1 trillion figure.

The president said in a Truth Social post that he made the decision on 2027 military spending to

after long and difficult negotiations with senators, congressmen, secretaries, and other political representatives, especially in these very troubled and dangerous times.

In his social media post, Trump indicated the higher budget will allow the U.S.

to build the dream military that it has long been entitled to, and more importantly, will help keep the U.S.

safe and secure regardless of foe.

Trump suggested that tariff revenue would help fund the increased military spending, at the same time pay down debt and likewise pay a substantial dividend to moderate-income patriots within the country.

This was a turnaround after the sector plummeted on Wednesday.

after President Trump issued an executive order and a series of social media posts threatening to block dividends, halt stock buybacks, and cap executive pay for underperforming contractors.

For example, Lockheed Martin is up 7 percent pre-market after falling 4.8 percent on Wednesday.

General Dynamics is up nearly 5 percent after a 4.1 percent drop.

Ford is planning to introduce its first Level 3 eyes-off driver assistance system in 2028, allowing drivers to remove hands and eyes from the road on certain highways.

The debut vehicle could be a midsize electric truck priced around $30,000.

The eyes-off feature will cost extra via subscription or upfront fee.