you're newow up to date, carl bk to you. >>> over to julia with kevin mayer. >> thanks so much, carl.ayer, former ceo of tiktok and long time executive at disney, thank you for joining us today there is so much to talk to you about this morning but i want to start with the headline about your former company, tiktok. this news that parent bytedance will be holding back on the ipo amid a regulatory crackdown in china. what does that say to you about the future of tech giants in china? >> look, nice to be joining you again. always a pleasure. it is hard to say exactly what it means i think it is surprising to me with a company like bytedance, which is so obviously ready to be a public company and should access the public markets that a good nine months after i left, the geopolitical concerns are still rocking the boat over there. so it is disappointing to see it, i don't have any specific insight other than what i'm reading and what you're reading. but it is a bit surprising to me that's the company, led by great team, of executives, with amazing technology and amazing product, should be