based on michelle fluornoy, and space, cyber, hypersonics like the push we have seen out of northrop grummanling as of late, but looking back through the pre-pandemic trump years, major defense stocks outbrmpled, companies like boeing, l3 harris, trancedigh and teledyne, worth noting as tech companies get bigger the overall weighting of defense and industrials has shrunk to 8% of the s&p. the focus of the 2021 budget on infrastructure will be in high focus. carl >> seema, thank you very much. >>> when we come back, phillip morris international will ing , ocjoinusstk slower despite a beat and a raise we're back in a minute >>> underperform the s&p 500 so far this year. you can see. stock also is down right now at least in the session despite quarterly results ahead of what wall street was estimating joining us now on a cnbc exclusive is philip morris international ceo. andre, always good to have you icos is such an important component of the company's strategy 16.4 million icos users. that includes estimated users in various stages of conversion to icos is that a number you feel like is good