Where you holding up? Market data powered by FactSet and Web Financial Group. Essentially, what that 60% defines is what is required from an automation perspective to keep the plant running, be it a pharmaceutical plant, a refinery or a coal-powered fire station. ET. We're still working through some supplier issues and community sentiment in Europe. They shut it down hard. You guys have given a lot of detail here. Du kan ændre dine valg når som helst i Dine kontrolfunktioner til beskyttelse af private oplysninger. And I think that we're going to see the recovery happening internationally first. But I think that's going to be more in the fourth quarter this year. We always look at valuation relative to logistics. That's not the case. Oh, that's pretty good. And with great effort, we've been able to gain government recognition and designation. The North Sea has been depressed for a long time. And as I look at what's going on right now, and we're in this pandemic war, we basically look at the situations of what -- we're evaluating everything, what we really need. The next chart talks about China. So, we look at that 14%, we go plus or minus 1.5%, most likely it's going to be around 14%, 15%. But I think you're going to see that. Four, we have increased engagement with customers using our remote educational services. And hence, being together allowed us to make some adjustments much faster. So, in that event, they freeze quickly. There are some differences, I think, in this one. Thanks, David. That's 2 times greater than the next nearest competitor. So, we do have the numbers here. Obviously, you sit on the -- one of the committees that was just announced, the committee to reopen the economy. This chart depicts orders and sales for 2020 by month. Turning to the Middle East. So, the key is, Steve, I think we'll still have savings coming into the first half of next year, but ones we will have to offset in the first half of the year will be things like the salary cuts because we will institute that. So, turning to chart 28. On a year-over-year basis, the … We also had several executive -- we had an executive board meeting to discuss this issue and other actions. Well, the real impact started in the last two-and-a-half weeks in March. They have a plant running up in Rhode Island. In 2015, 2016, and 2017, we went through a major repositioning effort and I made a very strong statement that we would not cut our dividend, we would not break our dividend history. Good morning, Andrew. Okay. In the bottom left, the cold chain business. Later in the call, management will elaborate on our outlook in detail, but here is the summary. Asia, Middle East and Africa were down 15%, driven by China, which was down sharply over 30%. The question will be, how fast the governments open up certain parts of world, how fast the government stimulus comes into play, how fast do some of our customers come into play. You can see, last year was $900 million upstream. So, that was a big issue. We're going to deleverage at around 30% order of magnitude. Good try. I think this, in transition, will be more out there in the '23, '24 and '25 time period based on my historical knowledge of this. So far, we see that as being probably less housing oriented kind of positions, but, certainly, as that plays out, that could also be a key factor as well. And probably this quarter, we'll finalize it. And he'll get dollar-for-dollar savings over pretty quickly on that. Construction, both in terms of real activity, if you will, but also especially the channel, just getting very cautious about carrying inventory, snaps very quickly on us. I'm going to take one more question from a sell side or two. I firmly believe that leaders need to be at the front. So, we've just got to get people back to work, making things and generating, and that's going to take a long time. So, Lal, anything you want to add? Just a simple question. So, if you look at where we see today, you think about the percent of Automation sales, this year we're going to be in 10% to 12% oil and gas North America. Got it. We expected it to be very similar through the rest of 2020 even a month or two ago, and then things started changing pretty quickly in Q2. There will be $230 million in '20, and then another $83 million in '21. Patrick Fitzgerald - Director of Investor Relations and Assistant Treasurer Underlying sales growth was well below expectations, down 7%, driven by the dramatic drop in global demand as the COVID-19 pandemic quickly spread in March. You were fixing yourself some dinner? Du kan også vælge 'Administrer indstillinger', hvis du vil have mere at vide og for at administrere dine valg. And to help you bridge between the February meeting and what we see today as a business, we had approximately $135 million that we booked out of the funnel since February. Emerson Electric Co. reports financial results for the quarter ended March 31, 2017. Asia orders dropped 14%, driven by China, which dropped over 25%. That's doing around $6.5 million for second half, so $3.5 million per quarter. Certainly, key leading in was obviously China. I was going to ask about the sequential downtick from June to July on slide 34, but I'll leave that -- I'll take that offline. And then, Dave, there's been a lot of talk. So, you're going to see that we continue to invest at higher levels around the areas that are in the hybrid space, the discrete space, the other space both from an acquisition standpoint and also this internal development. Did we have to help them? Again, I think we don't expect to see the US go down as hard as China did, but we expect to see it stay down longer. ET. But from our perspective, we tweak that matrix on a constant basis. We think that we're going to have -- the first half will be negative. There will be spending around some of the chemical side and the materials that go into that space. And before we begin, I'll turn it over to Mr. David Farr for some opening remarks. The acceleration in orders in the second half is driven by oil storage. That we'll see accelerate and return very quickly as people are allowed back on site and we should see the benefit of that. It's part of dealing with just a very dramatic sales cycle that we hope doesn't last too long. Some are idling units. Now, the one thing that Bob has historically is he has snapped, as he has a chart, he shows, historically, maybe by the third or fourth quarter of next year, he could see things accelerating. Cold chain right now, again, the restaurant industry is largely frozen in the United States or on hiatus. And the question will be is how do we stabilize this from a business standpoint in the near term. I just want you to make sure, but I think it's important that our investors understand what we are living in day in and day out. And I think that's what business people will tell you. Q2 2020 Emerson Electric Co Earnings Call 04/21/2020 09:00 AM (EDT) EMR. And again, it's something that helps our employees understand why it is that we do need them to come into work every day because we've got a lot of important things we have to make sure we're providing to customers. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Have increased engagement with customers using our remote educational services, power growth Q1... 'Ll finalize it flat or slightly down everybody and I appreciate everyone calling and listening nearly! 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