President Trump made waves in the defense industry on Thursday after stating via social media that he wants to raise 2027’s military spending budget to $1.5 trillion while pushing for a cap on defense CEO pay packages. Gabelli Funds portfolio manager Tony Bancroft discusses what Trump’s comments on production signal about defense demand amid various ongoing geopolitical conflicts, such as Ukraine’s war with Russia and the recent US invasion of Venezuela. Bancroft manages the Gabelli Commercial Aerospace and Defense ETF (GCAD). To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime.