Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

Thanks so much for joining me on this Thursday, January 8th. I'm Julie Morgan. And after hours rebound for defense, Ford wants drivers to look away and pay for it, and big tech has a leaderboard update.

Defense stocks have rebounded sharply, which was triggered by a social media post from President

Trump, where he proposed an historic $1.5 trillion defense budget for fiscal year 2027.

This represents a substantial increase from the previously discussed $1 trillion figure.

The president said in a truth social post that he made the decision on 2027 military spending

after long and difficult negotiations with senators, congressmen, secretaries, and other political

representatives,

especially in these very troubled and dangerous times.

In his social media post, Trump indicated the higher budget

will allow the U.S. to build the dream military that it has long been entitled to,

and more importantly, will help keep the U.S. safe and secure regardless of foe.

Trump suggested that tariff revenue would help fund the increased military spending,

at the same time pay down debt and likewise pay a substantial dividend to moderate income

patriots within the country. This was a turnaround after the sector plummeted on Wednesday,

after President Trump issued an executive order and a series of social media posts threatening to block dividends,

halt stock buybacks, and cap executive pay for underperforming contractors. For example,

Lockheed Martin is up 7% pre-market after falling 4.8% on Wednesday.

General Dynamics is up nearly 5% after a 4.1% drop.

Ford is planning to introduce its first Level 3 Eyes Off Driver Assistance System in 2028,

allowing drivers to remove hands and eyes from the road on certain

highways. The debut vehicle could be a mid-size electric truck priced around $30,000. The IZoff feature

...