Trump Demands More Defense Spending But Threatens Biggest Firms

Watch Scarlet and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu -George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, & Airlines Analyst, discusses President Donald Trump demanding a $500 billion increase in annual defense spending and threatening to cut out some companies that would profit from the boost. -Ken Shea, Bloomberg Intelligence Senior Consumer Products Analyst, discusses earnings from Constellation Brands. According to BI, Constellation Brands is navigating the dual challenge of supporting beer-segment profit amid unusually soft market conditions while incurring significant costs from divesting part of its underperforming wine business.Ken also discusses his research on a protein drink surge. -Jeffrey Langbaum, Bloomberg Intelligence Senior US REIT Analyst, discusses President Donald Trump saying he would move to ban institutional investors from buying single-family homes. The news sent the S&P 1500 Homebuilding Index down, with shares of homebuilders including Toll Brothers Inc., Invitation Homes Inc., KB Home and PulteGroup Inc. all down.  -Zoe Tillman, Bloomberg News Senior Reporter covering Law and Politics, discusses the Bloomberg Big Take story: “More Than 1,000 Firms Join Tariff Suits as Court Ruling Looms.” After months on the sidelines, a flood of businesses spanning the global economy have rushed to stake a claim in the weeks since the justices signaled skepticism of Trump’s signature trade policy during a Nov. 5 hearing. More than 1,000 corporate entities are now involved in the legal fight, court records show, teeing up an unprecedented struggle over what happens next if the administration loses. See omnystudio.com/listener for privacy information.