Thank you.
Thanks to all of you.
We'll open the floor to questions and go first to Mr. Murphy. We're going to go with a seven-minute round. Just so everybody knows, when the second panel starts, we'll continue from where we left off. At the end we usually have some time, and we'll do one more round, which will include one person from every party. We've done that in the past and I think it's worked well.
Mr. Murphy, you have seven minutes.