...Before we get started, for important disclosures, see the Morgan Stanley Research Disclosure website at morganstanley.com/researchdisclosures. Please note that taking of photographs and the use of recording devices is not allowed. If you have any questions, please reach out to your Morgan Stanley sales representative. All right. Well, thanks, everyone, for joining us at the Morgan Stanley Financials Conference. I'm Michael Cyprys, equity analyst covering brokers, asset managers and exchanges for Morgan Stanley Research. And we are thrilled to have with us here this afternoon, Scott Kleinman, the Co-President of Apollo. With nearly $600 billion of assets under management, Apollo is one of the world's largest alternative investment managers. Scott, thanks so much for joining us. Scott M. Kleinman ...