First, to our lead. Shares fell to a record low. Declining 10 after sales climbed up the smallest pace in three years. We spoke with the ceo and asked how concerned he is. Guest people come here not only for specific purpose. They come here for lifestyle. We are confident for the longterm growth. We will continue to closely monitor the Consumer Behavior and chinese economy as a whole. Ceo tothat was the discuss. Spencer ame now, bloomberg who covers amazon and alibaba. And the director of stanford university. Im going to start with you. He expressed confidence in the u. S. Consumer. Should we have that much confidence giving everything that is going on . Guest i have spoken to him, met him. He is a true soldier. What is he going to say . We are well positioned to keep doing what we are doing. There is definitely volatility in the market. Having said that, growth is 34 . It is fine. Overall it is ok. Shine it seems that the has worn off of ali baba. I wonder how much is perception and h