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• 00:00How would you characterize this moment in American history? It’s no different than anything else. We’re fine. I mean, you know, look, in our 37 years of running BlackRock. We’re not. Focused on the day to day. It’s what we try to consistently talk with a narrative about long term ism working with clients in the long run. I mean, obviously things when you see a 20% market decline in three days, obviously it has significant impacts and the ripple effects of of the potential of tariffs is going to be longstanding. And so our job right now is to just be we’re having more conversation with clients. Probably the last time we had this very clear the conversations at BlackRock was right when we closed our economy in March of 2020. And this is the type of time where we really try to connect. We manage money for four people in 106 different countries. We have offices in 36 countries. So what we need to be doing every moment is bringing all this global information that we gather with 11 plus trillion dollars from money in hearing and pen, attention to the flows and where the money is going. But the magic sauce of BlackRock is the last 20% of being local and being really connected to each and every client worldwide and try to really add to them. So we’re bringing all this global information, but we really try to be local in every community where we operate and work. And as a fiduciary, our job is to be helping Canadians. Right now, our jobs are helping Europeans. Our job is to be helping Americans now. And so, you know, obviously markets are down 20%. So some stocks are down over 30, 40% from their high watermark. So just say it from January. But in the long run, I would I would say in the long run, this is more of a buying opportunity than selling opportunity. That doesn’t mean we can’t fall another 20% from here, too. But but I do believe over the long run, the vitality of the United States will persist. And I and I do. And I’m still proud in terms of working with every investor worldwide.