i want to bring in daniel newman, principal analyst who covers ibm. big challenge for just like so many companies dealing with the economy going into a recession. what is your take on these headline numbers? daniel: i think there's obviously you are going to see the concern of the withdrawn guidance going forward, but given the armageddon we have been hearing about with earnings coming up, there is a glimmer of hope here because there was a beat on earnings. there was a little bit of a shortfall on the revenue. given what we are expecting, i don't think that can be seen as a bad thing. emily: so, ibm is in a particularly interesting situation and that the former ceo pastor the baton just two weeks ago in the middle of a pandemic. the new ceo, formerly of red hat. talk to us about the challenges he has ahead. not necessarily having the same sort of institutional knowledge that she did, but also having a fresh look. daniel: i think there was a lot of excitement about the announcement. i think the opportunity for those fresh eyes, he's very bullish on cl