IBOV 174,301.07 ▲ 0.27% IPSA 10,862.83 ▼ 0.77% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,156,991 ▼ 0.89% COLCAP 2,282.71 ▼ 0.11% BVL PERÚ 57,220.16 — — USD/BRL5.11▲ 0.16% USD/MXN17.51▲ 0.51% USD/CLP934.20▲ 0.99% USD/COP3,274▲ 1.32% USD/PEN3.40▲ 0.43% USD/ARS1,481▲ 0.34% USD/UYU40.23▲ 1.74% USD/PYG6,032▲ 1.81% USD/BOB10.65▲ 4.37% USD/DOP58.24▲ 1.37% USD/CRC446.12▲ 1.44% USD/GTQ7.62▲ 2.73% USD/HNL26.73▲ 1.94% USD/NIO36.62▲ 1.17% USD/VES730.65▲ 0.57% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59▲ 0.87% USD/TTD6.74▲ 1.70% EUR/BRL5.85▲ 0.18% BRENT 87.59 ▲ 3.99% WTI 81.46 ▲ 3.18% IRON ORE 161.91 — — COPPER 6.27 ▼ 0.46% GOLD 4,028 ▲ 1.06% SILVER 56.32 ▲ 0.75% SOY 1,203 ▲ 0.63% CORN 466.25 ▲ 5.61% WHEAT 681.25 ▲ 0.96% COFFEE 321.55 ▲ 0.08% SUGAR 14.91 ▲ 3.25% ORANGE JUICE 142.55 ▲ 6.54% COTTON 78.93 ▲ 1.60% COCOA 5,591 ▲ 7.19% BEEF 221.20 ▼ 2.59% CATTLE 338.83 ▼ 2.24% LITHIUM 68.36 ▼ 0.73% PETR4 40.92 ▲ 2.58% VALE3 73.08 ▲ 0.14% ITUB4 42.08 ▼ 1.10% BBDC4 18.40 ▼ 0.05% ABEV3 15.64 ▲ 0.26% BBAS3 20.55 ▼ 1.01% B3SA3 15.30 ▼ 0.58% WEGE3 43.59 ▲ 0.23% PRIO3 57.61 ▲ 1.44% SUZB3 42.07 ▲ 0.89% RENT3 38.32 ▼ 1.39% AZZA3 18.43 ▼ 0.54% CSAN3 3.89 ▲ 0.26% RAIZ4 0.28 ▼ 3.45% PCAR3 2.53 ▼ 2.32% GMAT3 3.87 ▼ 1.28% PSSA3 55.00 ▼ 0.40% CVCB3 1.29 ▼ 4.44% POSI3 3.85 ▼ 0.77% SLCE3 13.52 ▼ 0.66% NATU3 8.53 ▼ 0.35% BRKM5 6.16 ▲ 0.98% RANI3 7.96 ▼ 1.49% CSNA3 5.07 ▼ 0.59% CMIN3 5.29 ▼ 2.94% USIM5 8.10 ▲ 2.53% GGBR4 24.17 ▲ 1.09% ENEV3 25.94 ▼ 0.04% CPFE3 47.21 ▲ 0.04% CMIG4 11.20 ▲ 0.99% EQTL3 39.83 ▼ 0.05% LREN3 13.44 ▼ 1.54% VIVT3 35.78 ▲ 0.87% RAIL3 13.80 ▼ 0.93% KLABIN 17.49 ▲ 0.75% RAIA DROGASIL 18.42 ▼ 0.54% RDOR3 35.72 ▼ 0.42% HAPV3 11.35 ▲ 3.65% FLRY3 16.67 ▲ 1.52% SMTO3 15.58 ▼ 0.89% UGPA3 31.90 ▼ 0.28% VBBR3 34.56 ▲ 0.55% BBSE3 41.10 ▼ 0.19% BPAC11 56.56 ▼ 0.05% CURY3 31.15 ▼ 0.45% AERI3 2.04 ▲ 0.99% VIVARA 23.14 ▼ 0.90% COMPASS 24.96 ▲ 0.20% VAMOS 3.22 ▲ 1.90% SANB11 26.84 ▲ 0.04% ASAI3 8.41 ▼ 1.75% SBSP3 29.45 ▲ 0.51% WALMEX 49.83 ▲ 0.54% GMEXICO 200.89 ▲ 0.83% FEMSA 225.41 ▲ 0.16% CEMEX 22.70 ▼ 0.35% GFNORTE 179.89 ▼ 0.28% BIMBO 59.36 ▲ 2.49% TELEVISA 9.64 ▲ 1.37% AMX 23.29 ▲ 2.24% GAP 389.33 ▼ 0.62% ASUR 279.64 ▼ 0.46% OMA 231.83 ▼ 0.54% KOF 181.08 ▲ 1.18% GRUMA 286.77 ▲ 0.14% KIMBER 38.91 ▲ 0.34% SQM-B 64,162 ▼ 2.86% COPEC 6,138 ▲ 0.19% BSANTANDER 76.88 ▼ 1.64% FALABELLA 5,860 ▲ 0.12% ENELAM 84.00 ▼ 0.94% CENCOSUD 2,002 ▼ 0.13% CMPC 1,070 ▼ 0.37% BANCO CHILE 186.44 ▼ 1.29% LATAM AIR 24.76 ▼ 2.52% YPF 77,700 ▲ 2.14% GGAL 7,805 ▼ 0.76% PAMPA 5,190 ▲ 1.57% TXAR 656.00 ▼ 0.91% ALUAR 938.50 ▼ 0.16% TGS 9,400 ▲ 0.16% CEPU 2,264 ▲ 0.18% MIRGOR 16,725 ▼ 0.15% COME 43.86 ▼ 1.35% LOMA NEGRA 3,553 ▼ 0.14% BYMA 300.75 ▼ 0.25% TELECOM ARG 4,170 ▼ 0.24% ECOPETROL 15.97 ▲ 1.04% BANCOLOMBIA 79.64 ▲ 0.21% GRUPO AVAL 4.99 ▲ 0.40% CREDICORP 389.83 ▲ 0.62% SOUTHERN COPPER 177.06 ▲ 0.79% BUENAVENTURA 30.41 ▲ 0.80% MERCADOLIBRE 1,817 ▼ 2.15% NUBANK 13.64 ▼ 1.06% XP 16.89 ▲ 1.23% PAGSEGURO 9.12 ▼ 0.38% STONE 11.12 ▼ 0.71% GLOBANT 32.35 ▲ 0.47% TECNOGLASS 45.87 ▼ 2.05% GAP AIRPORT 222.00 ▼ 1.45% ASUR 279.64 ▼ 0.46% OMA AIRPORT 106.06 ▼ 1.07% AMX ADR 26.49 ▲ 1.34% FEMSA ADR 128.72 ▼ 0.60% CEMEX ADR 12.98 ▼ 0.95% PETROBRAS ADR 17.90 ▲ 2.43% VALE ADR 14.27 ▲ 0.35% ITAU ADR 8.23 ▼ 0.90% SANTANDER BR 5.27 ▼ 0.47% AMBEV ADR 3.04 ▼ 0.39% CSN 1.00 ▼ 0.03% GERDAU 4.76 ▲ 0.74% LATAM ADR 53.13 ▼ 0.10% BTC 63,317 ▼ 0.74% ETH 1,831 ▼ 1.72% SOL 74.72 ▼ 0.73% XRP 1.08 ▼ 0.33% BNB 562.48 ▼ 1.70% ADA 0.16 ▲ 2.45% DOGE 0.07 ▼ 0.08% AVAX 6.51 ▲ 0.05% LINK 8.19 ▼ 1.66% DOT 0.86 ▲ 0.26% LTC 44.85 ▼ 0.21% BCH 216.12 ▼ 2.48% TRX 0.32 ▼ 0.06% XLM 0.19 ▲ 0.89% HBAR 0.07 ▼ 0.61% NEAR 1.92 ▼ 2.37% ATOM 1.52 ▲ 0.55% AAVE 91.32 ▲ 0.21% SELIC 14.25% EMBRAER 82.71 ▲ 1.15% EMBRAER ADR 64.76 ▲ 0.61% JBS 11.90 ▼ 1.08% JBS BDR 60.70 ▼ 1.30% MBRF3 15.19 ▼ 0.65% MBRFY 3.00 ▲ 2.39% INTER 5.41 ▼ 2.44% EGX 52,928 ▲ 0.70% USD/ZAR16.51▲ 0.50% USD/NGN1,378▼ 0.20% NIKKEI 64,141 ▼ 4.03% CSI300 4,529 ▼ 3.60% HSI 24,562 ▼ 1.78% NIFTY 24,334 ▲ 1.09% KOSPI 6,821 ▼ 6.37% JCI 6,176 ▲ 1.10% USD/JPY162.47▲ 0.05% USD/CNY6.77▼ 0.12% DAX 24,831 ▼ 0.34% CAC 8,339 ▼ 0.47% FTSE 10,600 ▲ 0.27% MIB 51,882 ▼ 0.94% IBEX 19,217 ▼ 0.45% STOXX 641.53 ▼ 0.34% EUR/USD 1.1444 — 0.00% GBP/USD1.35▼ 0.64% SPX 7,486 ▼ 0.64% DJI 52,411 ▼ 0.27% NDX 28,743 ▼ 0.97% RUT 2,966 ▼ 0.28% TSX 35,301 ▼ 0.11% VIX 17.90 ▲ 6.99% USD/CAD1.40▼ 0.26% US10Y 4.5450 ▼ 0.53% IBOV 174,301.07 ▲ 0.27% IPSA 10,862.83 ▼ 0.77% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,156,991 ▼ 0.89% COLCAP 2,282.71 ▼ 0.11% BVL PERÚ 57,220.16 — — USD/BRL 5.11 ▲ 0.15% USD/MXN 17.52 ▲ 0.55% USD/CLP 933.32 ▲ 0.90% USD/COP 3,276 ▲ 1.38% USD/PEN 3.40 ▲ 0.65% USD/ARS 1,481 ▲ 0.34% USD/UYU 40.23 ▲ 1.74% USD/PYG 6,032 ▲ 1.81% USD/BOB 10.65 ▲ 4.37% USD/DOP 58.24 ▲ 1.37% USD/CRC 446.12 ▲ 1.44% USD/GTQ 7.62 ▲ 2.73% USD/HNL 26.73 ▲ 1.94% USD/NIO 36.62 ▲ 1.17% USD/VES 730.65 ▲ 0.57% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.87% USD/TTD 6.74 ▲ 1.70% EUR/BRL 5.85 ▲ 0.19% BRENT 87.59 ▲ 3.99% WTI 81.46 ▲ 3.18% IRON ORE 161.91 — — COPPER 6.27 ▼ 0.46% GOLD 4,028 ▲ 1.06% SILVER 56.32 ▲ 0.75% SOY 1,203 ▲ 0.63% CORN 466.25 ▲ 5.61% WHEAT 681.25 ▲ 0.96% COFFEE 321.55 ▲ 0.08% SUGAR 14.91 ▲ 3.25% ORANGE JUICE 142.55 ▲ 6.54% COTTON 78.93 ▲ 1.60% COCOA 5,591 ▲ 7.19% BEEF 221.20 ▼ 2.59% CATTLE 338.83 ▼ 2.24% LITHIUM 68.36 ▼ 0.73% PETR4 40.92 ▲ 2.58% VALE3 73.08 ▲ 0.14% ITUB4 42.08 ▼ 1.10% BBDC4 18.40 ▼ 0.05% ABEV3 15.64 ▲ 0.26% BBAS3 20.55 ▼ 1.01% B3SA3 15.30 ▼ 0.58% WEGE3 43.59 ▲ 0.23% PRIO3 57.61 ▲ 1.44% SUZB3 42.07 ▲ 0.89% RENT3 38.32 ▼ 1.39% AZZA3 18.43 ▼ 0.54% CSAN3 3.89 ▲ 0.26% RAIZ4 0.28 ▼ 3.45% PCAR3 2.53 ▼ 2.32% GMAT3 3.87 ▼ 1.28% PSSA3 55.00 ▼ 0.40% CVCB3 1.29 ▼ 4.44% POSI3 3.85 ▼ 0.77% SLCE3 13.52 ▼ 0.66% NATU3 8.53 ▼ 0.35% BRKM5 6.16 ▲ 0.98% RANI3 7.96 ▼ 1.49% CSNA3 5.07 ▼ 0.59% CMIN3 5.29 ▼ 2.94% USIM5 8.10 ▲ 2.53% GGBR4 24.17 ▲ 1.09% ENEV3 25.94 ▼ 0.04% CPFE3 47.21 ▲ 0.04% CMIG4 11.20 ▲ 0.99% EQTL3 39.83 ▼ 0.05% LREN3 13.44 ▼ 1.54% VIVT3 35.78 ▲ 0.87% RAIL3 13.80 ▼ 0.93% KLABIN 17.49 ▲ 0.75% RAIA DROGASIL 18.42 ▼ 0.54% RDOR3 35.72 ▼ 0.42% HAPV3 11.35 ▲ 3.65% FLRY3 16.67 ▲ 1.52% SMTO3 15.58 ▼ 0.89% UGPA3 31.90 ▼ 0.28% VBBR3 34.56 ▲ 0.55% BBSE3 41.10 ▼ 0.19% BPAC11 56.56 ▼ 0.05% CURY3 31.15 ▼ 0.45% AERI3 2.04 ▲ 0.99% VIVARA 23.14 ▼ 0.90% COMPASS 24.96 ▲ 0.20% VAMOS 3.22 ▲ 1.90% SANB11 26.84 ▲ 0.04% ASAI3 8.41 ▼ 1.75% SBSP3 29.45 ▲ 0.51% WALMEX 49.83 ▲ 0.54% GMEXICO 200.89 ▲ 0.83% FEMSA 225.41 ▲ 0.16% CEMEX 22.70 ▼ 0.35% GFNORTE 179.89 ▼ 0.28% BIMBO 59.36 ▲ 2.49% TELEVISA 9.64 ▲ 1.37% AMX 23.29 ▲ 2.24% GAP 389.33 ▼ 0.62% ASUR 279.64 ▼ 0.46% OMA 231.83 ▼ 0.54% KOF 181.08 ▲ 1.18% GRUMA 286.77 ▲ 0.14% KIMBER 38.91 ▲ 0.34% SQM-B 64,162 ▼ 2.86% COPEC 6,138 ▲ 0.19% BSANTANDER 76.88 ▼ 1.64% FALABELLA 5,860 ▲ 0.12% ENELAM 84.00 ▼ 0.94% CENCOSUD 2,002 ▼ 0.13% CMPC 1,070 ▼ 0.37% BANCO CHILE 186.44 ▼ 1.29% LATAM AIR 24.76 ▼ 2.52% YPF 77,700 ▲ 2.14% GGAL 7,805 ▼ 0.76% PAMPA 5,190 ▲ 1.57% TXAR 656.00 ▼ 0.91% ALUAR 938.50 ▼ 0.16% TGS 9,400 ▲ 0.16% CEPU 2,264 ▲ 0.18% MIRGOR 16,725 ▼ 0.15% COME 43.86 ▼ 1.35% LOMA NEGRA 3,553 ▼ 0.14% BYMA 300.75 ▼ 0.25% TELECOM ARG 4,170 ▼ 0.24% ECOPETROL 15.97 ▲ 1.04% BANCOLOMBIA 79.64 ▲ 0.21% GRUPO AVAL 4.99 ▲ 0.40% CREDICORP 389.83 ▲ 0.62% SOUTHERN COPPER 177.06 ▲ 0.79% BUENAVENTURA 30.41 ▲ 0.80% MERCADOLIBRE 1,817 ▼ 2.15% NUBANK 13.64 ▼ 1.06% XP 16.89 ▲ 1.23% PAGSEGURO 9.12 ▼ 0.38% STONE 11.12 ▼ 0.71% GLOBANT 32.35 ▲ 0.47% TECNOGLASS 45.87 ▼ 2.05% GAP AIRPORT 222.00 ▼ 1.45% ASUR 279.64 ▼ 0.46% OMA AIRPORT 106.06 ▼ 1.07% AMX ADR 26.49 ▲ 1.34% FEMSA ADR 128.72 ▼ 0.60% CEMEX ADR 12.98 ▼ 0.95% PETROBRAS ADR 17.90 ▲ 2.43% VALE ADR 14.27 ▲ 0.35% ITAU ADR 8.23 ▼ 0.90% SANTANDER BR 5.27 ▼ 0.47% AMBEV ADR 3.04 ▼ 0.39% CSN 1.00 ▼ 0.03% GERDAU 4.76 ▲ 0.74% LATAM ADR 53.13 ▼ 0.10% BTC 63,317 ▼ 0.74% ETH 1,831 ▼ 1.72% SOL 74.72 ▼ 0.73% XRP 1.08 ▼ 0.33% BNB 562.48 ▼ 1.70% ADA 0.16 ▲ 2.45% DOGE 0.07 ▼ 0.08% AVAX 6.51 ▲ 0.05% LINK 8.19 ▼ 1.66% DOT 0.86 ▲ 0.26% LTC 44.85 ▼ 0.21% BCH 216.12 ▼ 2.48% TRX 0.32 ▼ 0.06% XLM 0.19 ▲ 0.89% HBAR 0.07 ▼ 0.61% NEAR 1.92 ▼ 2.37% ATOM 1.52 ▲ 0.55% AAVE 91.32 ▲ 0.21% SELIC 14.25% EMBRAER 82.71 ▲ 1.15% EMBRAER ADR 64.76 ▲ 0.61% JBS 11.90 ▼ 1.08% JBS BDR 60.70 ▼ 1.30% MBRF3 15.19 ▼ 0.65% MBRFY 3.00 ▲ 2.39% INTER 5.41 ▼ 2.44% EGX 52,928 ▲ 0.70% USD/ZAR 16.51 ▲ 0.78% USD/NGN 1,378 ▲ 0.02% NIKKEI 64,141 ▼ 4.03% CSI300 4,529 ▼ 3.60% HSI 24,562 ▼ 1.78% NIFTY 24,334 ▲ 1.09% KOSPI 6,821 ▼ 6.37% JCI 6,176 ▲ 1.10% USD/JPY 162.47 ▲ 0.08% USD/CNY 6.7652 ▲ 0.03% DAX 24,831 ▼ 0.34% CAC 8,339 ▼ 0.47% FTSE 10,600 ▲ 0.27% MIB 51,882 ▼ 0.94% IBEX 19,217 ▼ 0.45% STOXX 641.53 ▼ 0.34% EUR/USD 1.1444 — 0.00% GBP/USD 1.3454 ▼ 0.19% SPX 7,486 ▼ 0.64% DJI 52,411 ▼ 0.27% NDX 28,743 ▼ 0.97% RUT 2,966 ▼ 0.28% TSX 35,301 ▼ 0.11% VIX 17.90 ▲ 6.99% USD/CAD 1.4007 ▼ 0.23% US10Y 4.5450 ▼ 0.53%
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Friday, July 17, 2026

Defense Monitor North America

Pentagon Faces $50 Billion Cut as Hegseth Targets Waste

By · February 20, 2025 · 2 min read

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Defense Secretary Pete Hegseth demands an 8% cut to the Pentagon’s $876.8 billion 2026 budget, slashing $50 billion, per a February 18 memo obtained by Reuters.

He orders military leaders and agencies to submit plans by February 24, refocusing funds on President Trump’s priorities. The directive spares border security and nuclear upgrades but axes climate and diversity programs.

Hegseth, a former Fox News host turned Pentagon chief, pushes this amid Trump’s fiscal overhaul, backed by Elon Musk’s efficiency team. The memo protects Virginia-class submarines, missile defense, and drones, while the F-35’s fate hangs unclear despite its $1.7 trillion cost.

The Pentagon’s $849 billion 2025 budget faces scrutiny as Hegseth targets bureaucracy, not troop cuts, though 780,000 civilians worry about jobs.

Analysts warn an 8% annual slash could hit $290 billion over five years, dwarfing 2013’s $56 billion sequestration. Congress, keen on jobs tied to defense contracts, may resist fiercely.

Pentagon Faces $50 Billion Cut as Hegseth Targets Waste
Pentagon Faces $50 Billion Cut as Hegseth Targets Waste. (Photo Internet reproduction)
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Meanwhile, border operations stay funded, reflecting Trump’s wall priority, not the Pentagon’s usual turf. Cybersecurity and Indo-Pacific bases also survive, countering China’s rise.

Pentagon’s Leaner Budget

However, scrapping clean audits and new Air Force drones signals a leaner, less-prepared military, critics argue. Figures tell a deeper tale: $50 billion redirected in 2026 won’t vanish but fuels Trump’s vision—missile shields and “warrior ethos.”

DEI’s $100 million budget offers slim savings, hinting at ideology over math. Climate cuts ignore $1 billion in storm repairs, risking future costs for short-term gains.

Observers note chaos in the timing—budget season disrupted by Trump’s transition, with layoffs looming for 4,000 NSA workers. Hegseth, untested in big bureaucracies, dives into the Pentagon’s 3 million-strong world.

Business leaders eye the fallout: defense stocks may wobble as contracts shift. It’s a gamble—streamline now or weaken later. Readers see a Pentagon at a crossroads, balancing Trump’s demands against global threats, with $50 billion as the opening bet.

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