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So, you know, looking closer to 91 in the mid 2020s. But then later on, page 39, for a fully hedged portfolio you can see in the mid 2020s, the difference in funded status outcomes where youre down to, you know, 80 level from a funded status. And this is the type of thing that were concerned about is kind of the longterm return impact from a dedicated, passive programme and there is many other ways to do it, to help manage equities and mitigate equity risk that youll hear from pimco right now. Perfect. Thank you. Really appreciate the opportunity for presenting our views on this very important...

And these are the events that youre really trying to protect the plan against because these are the events which can lead to some optimizization of the plan levels for selling contributions. There is no one strategy as my colleague mike will momentarily talk about that can persevere and manage through these protected pers of losses that one can see during recession. The answer in our view is Asset Allocation. Just like there is really no debate about a diversified portfolio is better than pa concentrated level. Diversify your diversify, thats the name of the game. Some of these strategies work...

Get to Public Comment as he will as possible we have a lot of people here to speak on behalf of several issues please bear with us we will have to allow you want to for everybody to be heard with that said, i want to acknowledge longer commissioner jill wynns in the audience it is good to see you. clapping. section a information for the pun were going on to section b pun were going on to section b complete a speaker card and present it to the executive assistant. Speaker cards will not be accepted if an item is already before the board. Prior to the item called and present to say to the execut...

Politics and economics here. To my knowledge, nobody has asked for clearing to move from a business standpoint. Francine good morning. This is bloomberg surveillance in london. E lacqua we have a lot to get to. The fomc meeting some underpinning everything we see on the market. Bunds are very important because they are getting closer to taking out that 0. 5 yield level by the day. Todays push could be coming som comments by the bank nonstandard measures. Oilnted to show you crude as well, 45. 47. Lets get straight to the first word news. Reporter the United States has warned military action mi...

The president will be addressing military strategy in afghanistan, shortly. In u. S. Dy the largest history. Betty good morning, folks. It has been another busy news day, not least because half the country was watching the solar eclipse. In the meantime, as we are awaiting the president and his speech on afghanistan, we had many lieutenants are talking again about policy. Was one, the treasury secretary at an event in kentucky with mitch mcconnell, and he was talking about tax reform, and one of the most contentious areas of tax reform is the carried interest, which President Trump had noted i...