This is Exchanges at Goldman Sachs, where we discuss developments currently shaping markets, industries, and the global economy.

I'm Jake Seeward head of corporate communications here at the firm.

Today's episode is all about CFO perspectives in the current environment.

We're sharing segments of a recent client call that featured Goldman Sachs Chief Financial Officer Stephen

Schur alongside other senior leaders of the firm who discuss topics that are top of mind for

CFOs today,

from financing markets and liquidity concerns

to earnings guidance and the economic outlook.

In addition to Mr. Schurr,

you'll be hearing from Susie Schurr and Dennis Coleman, Co-eds of the Global Financing Group,

Johnny Fine, head of America's Investment Grade Syndicate, and Jan Hatzius Goldman Sachs Chief

Economist.

The conversation was moderated by Matt Gibson and Anthony Gutman,

co-heads of investment banking client coverage. This call was held Tuesday morning,

April 28th. Hope you find the call informative and now over to Matt and Anthony.

Good morning good afternoon and we're delighted to welcome you to today's call.

My name is Anthony Gutman and alongside Matt Gibson we run global client coverage for investment banking at Goldman.

We hope that your families and your colleagues and of course, U.S. safe and well as we seek to

continue to navigate this unprecedented crisis. And the purpose of this call is to provide you with some perspectives as to how we see the current environment, the market dynamics, and hopefully some scenarios from here.

In particular, as many of you on this call are

CFOs or have responsibility for funding your companies we want to give you a

sense of how we think about liquidity and the different components of the financing markets and how they're operating right now.

...