we have the bus consulting group, and then we have john chambe chambers, chairman and ceo of cisco. tom of airbus. chairman and ceo of alcoa. the ceo of new york stock exchange. the and last but not least, patricia wirtz, the president and chairman of -- we will talk about the global business context, and i ask the different businesses about their perspective about how they do in this very difficult business environme environment. the opportunities, the challenges, and what are the key changes in their strategies, their operations, in order to make it work. as my colleagues are in their quiet periods, they will public results for the last quarter and last year in a few days' time, in two weeks' time. they will have to avoid any specific questions on their specific results, and i hope you'll bear with us. so we'll start with a series of opening remarks, then have a discussion within the group about key opportunities and challenges, and the third part of the discussion, we'll open it up to questions from the audience. and i would like to start with klaus. have you a perspective on you