On this episode of the Business Podcast, sponsored by Bell, our guests are “Rocket Ron” Epstein, PhD, of Bank of America Merrill Lynch, Richard Aboulafia of AeroDynamic Advisory and Sash Tusa of Agency Partners.

Topics:

— Rising inflation prompts worries of further Fed rate hikes drives Wall Street down 1.6 percent for the week and S&P 500 down a quarter since beginning of year

— Erroneous perception by some investors that Ukraine’s success and recent statement by Russian President Vladimir Putin suggest war is ending and demand for defense goods will decline

— Outlook for Prime Minister Liz Truss as her government makes a u-turn on pledge to cut taxes and increase spending in wake of political and market pressure

— Defense spending implications of new Chancellor Jeremy Hunt’s pledge to raise taxes and sharply cut spending to restore UK fiscal credibility

— Market implications of the Biden administration’s long-awaited National Security Strategy

— Defense industry impact should Congress block arms exports to Saudi Arabia and outlook for UK, France and other nations to garner sales

— Sully Sullenberger adds his voice to those opposing certification waivers for 737 Max

— United Airlines interest in new widebody jetliners

— Takeaways from the Association of the United States Army’s annual conference and tradeshow last week in Washington

— What to expect at the National Business Aviation Association’s Business Aviation Convention & Exhibition in Orlando next week