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my friends call me "hackaddy." [ evil laugh ] but then cdw orchestrated a network transformation using cisco digital network architecture. allowing scalability and providing fast, comprehensive security from intruders like me. luckily i found a new calling. faster. security transformation by cisco. just run. run like you know how to run. it orchestration by cdw. ♪ ♪ >>> we call them war games i call them war games and they're tremendously expensive the amount of money that we spend on that is incredible. >> welcome back to "squawk box" this morning president trump talking about the expensive war games with south korea. we want to see how the summit could impact defense stocks this morning. joining us now joe denardi good morning to you. first, your reaction to the news >> yeah, i think our perspective on this is that defense stocks rallied on a lot of the negative rhetoric between the u.s. and north korea over the past several months so it would make sense that defense stocks kind of give some of that back as the rhetoric goes the other way at the end of the day, i think north korea ap