Warren Kneeshaw | Mastercard, Inc. |
Ajaypal S. Banga | Mastercard, Inc. |
Martina Hund-Mejean | Mastercard, Inc. |
Jason Kupferberg | Bank of America Merrill Lynch |
James Schneider | Goldman Sachs & Co. LLC |
Donald Fandetti | Wells Fargo Securities LLC |
Tien-Tsin Huang | JPMorgan Securities LLC |
Darrin Peller | Wolfe Research LLC |
Sanjay Sakhrani | Keefe, Bruyette & Woods, Inc. |
Bryan C. Keane | Deutsche Bank Securities, Inc. |
Lisa Ellis | MoffettNathanson LLC |
Craig Jared Maurer | Autonomous Research US LP |
Robert Paul Napoli | William Blair |
Andrew Jeffrey | SunTrust Robinson Humphrey, Inc. |
Good morning. My name is Denise, and I will be your conference operator today. At this time, I would like to welcome everyone to the Mastercard Q3 2018 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session.