Welcome to our exchanges at Goldman Sachs markets update for April 9th. Each week we check them with

leaders across the firm to get their take on what they're watching in the

markets. But today we're doing something a little different. We're sharing a

client call that was hosted by our chairman and chief executive officer David Solomon alongside other senior leaders who discuss our view on the pandemic and the resulting economic impact.

In addition to David, you'll hear from Andrew Tilton, Chief Asia

Economist for Goldman Sachs Research. Todd Leland, co-president of Asia Pacific

ex-Japan for Goldman, and Jan Hatzius, chief economist for Goldman Sachs research.

Now, over to that discussion.

We hope you find it informative.

Thanks very much and welcome everyone.

We've got clients from around the world joining us today from many different parts of the economy and we're excited to have all of you with us.

My name is Matt Gibson and together with Anthony Gutman in Europe, we run client coverage within our investment banking division,

and we are hosting this call together.

We have had a series of these client calls

in the past four weeks, and in each case,

the objective is to help arm our clients with the

information that they need to make to make the decisions they need to make.

Whether that has to do with obtaining near-term liquidity, obtaining long-term funding,

thinking about what an economic recovery might look like,

or communicating with shareholders on Q1 earnings calls

and everything in between.

We have a great lineup of speakers today

...