joining us now to dissect these results is jonathan fyfe. pleasure to speak with you this morning. just having a look at the results, the dividend is good news on the one hand. investors seem to be more concerned at the volumes, particularly in emerging markets. just how bad are the emerging markets' headwinds? >> yeah, good morning. i think macro headwinds are quite significant. the top line is going to be a challenge, certainly from a volume perspective. the fx headwinds, which has a transaction impact as well as a translation impact, so you're going to have probably high inflation from that. a lot of pressure on margins in brazil. mexico, though, is very good. china, abi is in the right place with its premium focus. >> so brazil, we know, has been a bad story for quite some time. perhaps the u.s. volumes not quite as bad as many had feared. i'm also wondering to what extent does the company have the flexibility to offset lower volumes with higher price, especially as they get closer to this acquisition. >> abi's big, big focus through the last few years has been on building its