$V said in April this would be its slowest growth quarter of the year and it was. Visa beat anyway. Earnings grew 11%, $3.32 a share against the $3.23 expected. Every headwind that was supposed to slow the quarter down showed up. Interest and investment income swung by over $200M, from a gain last year to a cost, and the tax rate went up. Client incentives, the money Visa pays banks and merchants to win their business, grew 18%, faster than last quarter. International transaction revenue grew 6% while the cross border volume behind it grew 12%, the widest gap all year. Volume did the work. Payments volume, cross border, and processed transactions each grew a point faster than last quarter. Data processing revenue, which those transactions drive, grew 17% and is Visa's largest line, ahead of service revenue. Visa raised the full year earnings guide again, this time to the low end of mid teens growth. Then there is July. Visa publishes volume trends through the 21st, and US payments volume slowed from its June pace, with credit slowing most. Cross border held up. What did you make of the quarter?