joaning us, co-founder of elevation partners. good to see you, roger., as always, kayla tausche and jon fortt. good morning to you, and we've got to start with amazon and just over two hours time from now, the online retailer expected to reveal its first-ever smartphone in partnership with at&t. josh lipton is live in seattle. is it actually going to be a phone? >> well, kelly, we're at this big amazon event scheduled to kick off, you said in about two hours. the lot is supposedly about a supposed smartphone, amazon will show the world, the long-rumored phone. what will be the purpose, the broader strategy of that phone? listen, amazon wants you shopping online at amazon.com. wants you buying digital content, music, movies, tv shows. evidence suggests owning a device make as difference. kindl owner, for example, spend about 30% more than non-kindl owners, according to mark mahaney of rbc. also, it's an data. amazon wants as much data about their customers as possible. strengthen that ecosystem with a phone, tablet, other hardware, you have data. then cr