{"id":74789,"date":"2023-10-20T07:57:10","date_gmt":"2023-10-20T11:57:10","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/biden-urges-congress-to-boost-military-aid-for-israel-defense-stocks-are-rising\/"},"modified":"2023-10-20T07:57:13","modified_gmt":"2023-10-20T11:57:13","slug":"biden-urges-congress-to-boost-military-aid-for-israel-defense-stocks-are-rising","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=74789","title":{"rendered":"Biden Urges Congress to Boost Military Aid for Israel. Defense Stocks Are Rising."},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000775217\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<p>        <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>President Joe Biden said Thursday that the world is at an \u201cinflection point in history\u201d as he urged Congress to approve billions of dollars of military aid for Israel and Ukraine.<\/p>\n<p>Geopolitical risks are mounting and Biden said the funding\u2013expected to be around $100 billion\u2013was a \u201csmart investment\u201d that would pay dividends for American security for generations. He said he plans to send an urgent budget request to Congress Friday.<\/p>\n<div class=\"paywall\">\n<p>Markets are on edge as the Israel-Hamas conflict continues. European stocks started Friday on the back foot, but two defense stocks\u2013<br \/>\n        BAE Systems<br \/>\n       (ticker: (BAE.U.K.) and<br \/>\n        Rheinmetall<br \/>\n       (RHM.Germany)\u2013were among the few risers.\u00a0<\/p>\n<p>British defense contractor<br \/>\n        BAE Systems<br \/>\n       has climbed 4.7% in October, while Germany\u2019s<br \/>\n        Rheinmetall<br \/>\n       is up 7% over the same period.\u00a0<\/p>\n<p>There were also early gains for U.S. defense stocks in premarket trading\u2013<br \/>\n        General Dynamics<br \/>\n       (GD) was up 0.8%, while<br \/>\n        Lockheed Martin<br \/>\n       (LMT) edged 0.2% higher. The SPDR S&amp;P Aerospace &amp; Defense exchange-traded fund (XAR) climbed 1.8% in after-hours trading Thursday.\u00a0<\/p>\n<p>Biden\u2019s Oval Office address could reinvigorate the trend toward increased defense spending in countries around the world, notably in Europe.\u00a0<\/p>\n<p>In addressing the nation, Biden said making sure Israel and Ukraine succeed is vital for America\u2019s national security. \u201cHistory has taught us that when terrorists don\u2019t pay a price for their terror, when dictators don\u2019t pay a price for their aggression, they cause more chaos and death and more destruction,\u201d he said.\u00a0<\/p>\n<p>\u201cThey keep going and the cost and the threats to America and to the world keep rising,\u201d Biden added.<\/p>\n<p>Write to Callum Keown at callum.keown@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/biden-military-aid-israel-defense-stocks-2678d86c?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden said Thursday that the world is at an \u201cinflection point in history\u201d as he urged Congress to approve billions of dollars of military aid for Israel and Ukraine. Geopolitical risks are mounting and Biden said the funding\u2013expected to be around $100 billion\u2013was a \u201csmart investment\u201d that would pay dividends for American security [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":74790,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-74789","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Biden Urges Congress to Boost Military Aid for Israel. Defense Stocks Are Rising. | iFintechWorld<\/title>\n<meta name=\"description\" content=\"President Joe Biden said Thursday that the world is at an \u201cinflection point in history\u201d as he urged Congress to approve billions of dollars of military\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=74789\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Biden Urges Congress to Boost Military Aid for Israel. 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