Julie Morgan

And at 1.35 p.m., the Fed's Tom Barkin will speak at the Maryland Bankers Association.

That's it for today's Wall Street Breakfast.

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I'm your host, Julie Morgan.

Go out and make it a great day.

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.