We want to acknowledge and thank CFA Executive Director Misty Chally for the great job she did representing franchisee associations on the Stuart Varney Show on Fox Business television earlier this week. Misty was interviewed about the needs of the franchising industry in these chaotic times of COVID-19. Congrats, Misty and thank you! We also noted this week that a letter was sent to Subway Corporation by the National Association of Subway Franchisees, the independent franchisee association, asking the brand for help with financial obligations on the franchise owners. In response, the company agreed to a reduction in royalty payments of 50%, suspension of the advertising fund for four weeks and possible rent reductions, abatements and/or deferrals. Likewise, McDonalds reported in an SEC filing this week that it was considering implementing rent deferrals for franchise owners of the Golden Arches.