Warren Kneeshaw | Head of Investor Relations |
Ajay Banga | President and Chief Executive Officer |
Sachin Mehra | Chief Financial Officer |
Sanjay Sakhrani | KBW |
Tien-Tsin Huang | JP Morgan |
David Togut | Evercore ISI |
Bob Napoli | William Blair |
Tom McCrohan | Mizuho |
Ramsey El-Assal | Barclays |
Bryan Keane | Deutsche Bank |
Craig Moore | Autonomous Research |
Lisa Ellis | MoffettNathanson |
Eric Wasserstrom | UBS |
Don Fandetti | Wells Fargo |
Darrin Peller | Wolfe Research |
Good morning. My name is Tasha, and I will be your conference operator today. At this time, I would like to welcome everyone to the Mastercard Q1 2019 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 [Operator instructions].