Will Trump's Immigration Crackdown Be a "Cash Machine" for Military & Private Prison Contractors?
By now, global markets have rebounded after plummeting upon the news of Trump’s victory. Stocks of some companies surged, including the largest private prison contractor, Corrections Corporation of America—which recently changed its name to CoreCivic—whose shares are up 43 percent since Trump’s victory. GEO Group, another private prison contractor, is up 21 percent. Meanwhile, stocks also surged for many military contractors, including Raytheon, General Dynamics, Lockheed Martin and Boeing. We speak with William Hartung, director of the Arms and Security Project at the Center for International Policy, and Seth Freed Wessler, reporter with The Investigative Fund who has been following private detention centers.