i am delighted to be joined by thomas p. gottsteinceo, credit suisse, joining us for his first interview. thank you for giving us a little bit of your time. this is your first earnings results as the new chief executive, what a baptism of fire. for the $1 million provision and markdowns, what -- of february,e 14th within less than a month, a lot of things have changed. i am pleased with our results. income, record of net $1.3 billion, and from that perspective i am pleased with the fact we managed to incorporate the reserve build of $1 billion as mentioned, which completes roughly six and million dollars of credit unrealizedand losses. as you may or may not know, we gap reporter, one of thatew european banks, and includes a meaningful portion within our credit provisions shy billion of write-downs. which are not single main fore-downs, but write-downs the entire lending bull. with respect to assumptions, we clearly assume a significant reduction in gdp in the second quarter of roughly 20% in the u.s., and huizinga biggest in europe. i