Karen Moskow

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Hi, I'm Karen Moskow.

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Shares up about 3% so far this year.

We've got Dan Leder with us, CEO of Prologis.

He joins us here in the studio.

Dan, good to see you again.

You just took over as CEO, though we've spoken just a few months before that.

I want to start with what Carol mentioned in the macro because we are just squarely focused on

an increase in oil prices as a result of the war in Iran, what that means for consumers, what it means for business leaders.

How are you looking at the macro environment?

What about when it comes specifically to data centers?

Because last time we talked with you about the data center activity you're seeing.

And in that time, a lot has happened.

We've heard from different companies.

Microsoft is renting a Texas data center that was dropped by Oracle and OpenAI.

Are you seeing any signs of weakness or slowdown or changing trends when it comes to the data center business?

Meaning you're at full capacity in terms of negotiations right now.

We're at full capacity.