No, I think that's right. March was a bit better, down 19%. There's a lot of concern even in our workforce of coming back to work and being exposed to this because people look at this as like it's a killing zone if you leave your house. Emerson Electric Co. (NYSE:EMR)Q2 2018 Earnings CallMay 01, 2018 2:00 pm ETExecutivesTim Reeves - Emerson Electric Co.David N. He's getting food right now. So, those will be two nuances on that. This team has momentum in executing our Peak Margin plan and is focused on the additional challenges we now face. So, I don't want to prejudge the recommendations you're making there. So, it's that that we're focused on. So, from my perspective, the push forward is trying to get the economy open and get business open. Jamie out in Asia-Pacific, Vidya in the Middle East. So, we've got to keep working down. And I don't believe this handshake will disappear. The answer is yes. If we move over to medical PP&E, we have been awarded orders from Honeywell over the past five weeks for ultrasonic welders to be used in the manufacturing of medical masks. But we clearly have a different mix today and you'll see it here in a few minutes. We beat this plan for H1. We had a couple -- last year, for Bob's business, he was flat or slightly down. Don't get used to that either. GAAP earnings per share were flat and adjusted earnings per share were up 7% to $0.89, driven primarily by lower stock compensation costs due to a lower stock price and aggressive restructuring actions started in Q3 of last year starting to take effect. Yeah. The Qatar NFE LNG, the Aramco crude to chemicals, and the Ratnagiri refinery in India, which is a JV between ADNOC, Aramco and Indian Oil. It's been a while... Oh, you had to go to the bathroom. And then, of course, we had a whole another set of actions in '21 for '21 and beyond that will lay into that as well. What did you tell the board spend on '21? So, in any event, expanding upon Mr. Tusa's excellent inquiry, as always, I wanted to ask a little bit about the underlying cadence of at least the near term. Both businesses are using this opportunity to really evaluate, 'Okay, how do we set the cost structure even stronger for us going forward, looking at layers, looking at organizations and what do we really need to do relative to the organization to make sure we win, but also have the right cost structure?' Lal was way off what he thought it was originally. We're still working through some supplier issues and community sentiment in Europe. We have well developed connected solutions that enable customers to take people out of the process. Additionally, upstream projects are still moving forward with limited new awards in international markets, and projects in execution are progressing, leveraging digital tools for remote collaboration for engineering and acceptance tests. That's 2 times greater than the next nearest competitor. And that allow us, as the volume stabilizes a little bit -- obviously, at lot lower level, our savings will start flowing through. A number of factory changes. We will be setting targets around margins and cash. I think the gas capital investments will probably be a little bit slow recovering back. So, we're factoring a little bit of recovery. This compares to earnings of $0.84 per share a year ago. Second quarter gross margin was flat at 42.1% as favorable price cost and cost containment actions offset the declining revenues. As you know, I've been at Emerson for 40 years. Josh, this one's a lot faster. So, we're tracking below that at this point in time on Bob's business. And he'll get dollar-for-dollar savings over pretty quickly on that. We are still looking at 12 months or less on the total pot. But, again, the board -- accelerate a board meeting, to accelerate the review of the numbers and the audit committee approved the numbers yesterday and we will be filing our Q hopefully by Friday, at the latest on Monday. Anything, Lal, you want to add? Yeah. I need to highlight the guidance that the Department of Homeland Security issued on critical infrastructure and essential services. But as we liquidate the balance sheet in the second half of the year, the toughest is going to be the inventory because inventory, the volume has dropped dramatically right now. Thank you. How much of these cost saves -- I think you said $46 million of the cost saves have been booked kind of in the first half. So, when you think about then the US, as we progress through the year, it's really hard to know exactly how the shape of the recovery is going to be. We do not see a quick snapback at this point in time in the US. Let's turn to chart 30. Can certainly appreciate the slide that Lal put together, the amount of KOB3 that's now in the portfolio. But then, as you can see again, Q2 changed substantially. Emerson is a well-managed, financially strong and highly focused enterprise with a history of delivering total shareholder return and 64 consecutive years of increasing dividends. We see total segment adjusted EBIT in the 15% to 15.5% range and adjusted EBITDA in the 20% to 20.5% range, reflective of aggressive cost-control measures, somewhat offsetting the reduction in volume. Obviously, China doesn't have the production element of our marketplace. So, maybe talk about how your supply chain has been impacted, a little more color there, and how you might benefit if, in fact, we do see more emphasis on localization of supply chains? Anything, Bob, you want to add? 3 min read. Not snapping as Lal's because money is being more allocated to where they want to put the money, but still can be a pretty strong recovery. Now, keep in mind, I know people are wondering how did Emerson only had negative 3% in the quarter. Yeah. The new cases have really dropped off. Earnings Preview: Emerson Electric (EMR) Q2 Earnings Expected to Decline. Next question comes from Joe Ritchie from Goldman Sachs. They shut it down hard. Adjusted EBIT and adjusted EBITDA margins, which exclude restructuring and related costs, increased 240 basis points and 300 basis points respectively. Furloughing. Sinopec recently announced the construction of seven new tank farms, as well as petrochemical activity ramping up the elements like fiber production, a key feedstock for medical PPE. So, we've got carryover about 40%. A lot of work goes into this. But the variable plan, obviously, is at lot lower cost. People know me quite well. Turning to slide 8, we will bridge second quarter EPS. Earnings and Revenue. As such, we see a very challenging demand environment, certainly for the remainder of the fiscal year and into the first half of next year. Did we have to help them? Du kan ændre dine valg når som helst i Dine kontrolfunktioner til beskyttelse af private oplysninger. I do have a couple of negatives, as you point out, and we'll have to manage those accordingly. You can see the peak plan summary. So, they're very careful about doing any project activity right now. I think that -- also, Mike, to add on, he's up in Minneapolis right now. And there was quite a challenge on inter-province and international logistics. But we're starting to see some stabilization in our international markets, including Europe. As you look at the underlying sales growth, as the OSE -- and we held WebExes around the world with all of our key leaders around the world over the last several weeks -- in fact, the last 45 days -- as we lived together here. 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