We want to start with earnings, especially with the two magnificent seven companies that happened to report after the close yesterday, and that's Microsoft and Meta. Microsoft actually trimmed, we haven't heard that word, trimmed its full-year capex projection a little bit in this quarter. To me, Microsoft and Alphabet are the only two Mag 7s that really interest me right now, and Microsoft has a better multiple. I think that's good business, but it does hurt the near term. But defense businesses tend to be choppy quarter to quarter, and we're certainly seeing that today.