Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Defense Contractor Stocks Soar As Trump Bombs Syria
Posted
April 17, 2018
Views
75,094
Likes
966
Comments
202
Engagement
1.56%
April 17, 2018
75,094
966
202
1.56%
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7:56Now PlayingJoin the fight to get money out of politics
Weapons manufacturers win, almost everyone else loses. Cenk Uygur, host of The Young Turks, breaks it down.
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"Raytheon stock surged Friday morning, after 59 of the company’s Tomahawk missileswere used to strike Syria in Donald Trump’s first major military operation as President.
Trump ordered the airstrike on the Syrian government Thursday night in retaliation for a deadly chemical weapons attack on civilians earlier this week that killed as many as 100 people. The U.S. blamed the attack on the regime of Syrian President Bashar al-Assad.
The Tomahawk missile used in the strike is made by Raytheon (RTN, +1.41%), whose stock opened 2.5% higher Friday, adding more than $1 billion to the defense contractor’s market capitalization.
The shares of other missile and weapons manufacturers, including Boeing (BA, +0.78%), Lockheed Martin (LMT, +0.98%), Northrop Grumman (NOC, +0.33%) and General Dynamics(GD, -0.01%), each rose as much as 1%, collectively gaining nearly $5 billion in market value as soon as they began trading, even as the broader market fell.”*
Hosts: Cenk Uygur
Cast: Cenk Uygur
***
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)
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