Marino: Long-term we've only started to build & restore defense systems for NATO and the U.S.

morning. Thanks for joining us. >> Good morning.Frank. How are you. >> All right.Why don't we. I'm doing well. Thank you for asking.Why don't we start off with the action when it comes to these European defense stocks, why are they pulling back, in your opinion. I mean, it seems like any type of peace deal would actually be a benefit for them because it would mean troops on the ground and some type of defense spending that wouldn't have also wouldn't have been priced in already. I mean, we know that the inc ...