Thank you, Mr. Chairman.
I'm going to start, if I could, with Mr. Myers. I just want to explore a little bit the comment you made toward the end of your presentation, which Mr. Lapierre referenced, with respect to 100,000 jobs being lost in the near term. I do so partially because of what Mr. Whyte said in terms of the expected increase in jobs.
First of all, where is that 100,000 figure coming from? Is that a net figure? Maybe you could just expand a little bit on it, so that we can have a better sense of what it means. When you say a loss of 100,000 jobs, over what period of time will that be and in what sector? What's driving your analysis to think that's going to occur? Is it net?