Trump LIVE at the White House - signed $1.3T spending bill into law

The White House is reporting that the President will sign the $1.3T spending bill into law. He threatened to not sign it unless there was money to build the wall. They are citing national security for the change in heart.

Spending cuts has put America at risk

My job is to keep America safe

Recent budget cuts have put America at great risk, omnibus reverses that

signing budget bill as matter of national security

No one read it. I will never sign another bill like this again.

We wanted to include DACA but Democrats would not do it

Calling on Congress to give President a line item veto for all future spending bills

Will be starting work on some new wall, and fixing existing walls at some points.

Have 1.6B for the wall that will start immediately

Defense spending will go up at a record pace.

The defense contractors stocks are big beneficiaries:
Lockheed Martin is up 3.97%
Northrup Grumman is up 3.98%
Raytheon is up 3.64%
Boeing is up 2.34%
The overall stock market is not going higher:
The Nasdaq is down -40 points vs -26 points at the start of the speech.

Source: Bloomberg Pro Terminal

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