we have phillip nelson here, principle and director of asset allocation for any p.c. and michael conner executive vice presses at pimco. >> thank you for joining us. good to see ya'll again. so we'll revisit some of our presentation from june of 2016. but we're going to set a couple stones first. one is, you know, how do we define risk and think about risk? most importantly how does that translate to when we set a strategic asset allocation? and then we'll have a couple of examples of what are some broad approaches that one can use to manage risk? we'll go through a couple examples there. and then, you know, additionally we'll focus a little more closely on buying puts and what a dedicated put-buying program would look like if it's done in a passive fashion. and to steal the punch line of the rest of the portfolio, that's not something we're generally supportive of. we think a strategic asset allocation is the best solution to manage the broad spectrum of risk that exists in the market today. focusing on just down side risk and many ways ignores the real risk of not m

with me are nigel nelson, political editor of the sunday mirror and political commentator, jo phillipsmany of tomorrow's front pages are already in. the observer investigates britain's prison system, claiming two—thirds of prisons are providing inadequate conditions or unacceptable treatment for inmates. the sunday express says theresa may has declared there will be "no going back" on brexit. the telegraph leads on claims prominent members of the labour party met eastern bloc agents during the cold war. the mail on sunday has an interview with brendan cox, the widower of murdered mpjo cox, who has stepped down from his role in two charities after admitting inappropriate behaviour with a colleague. the sunday times says the education secretary is looking at a number of university reforms, including cheaper tuition fees for some courses. and the sun on sunday reports on alleged marriage difficulties between pop stars cheryl and liam payne. so a variety of stories on the front pages. we won't be looking at all of them. let us start with the mail on sunday. brendan cox. we have to take iss

evening in the papers — our guestsjoining tonight are nigel nelson, political editor of the sunday mirror and political commentator, jo phillipsith the european union after brexit calls for a new "deep and special partnership." in a speech in germany, the prime minister warned that failing to work together would put everyone at risk. in response, the president of the european commission jean—claude juncker said he'd welcome a close security alliance — but it must be negotiated separately from other brexit issues. our political correspondent vicki young reports from munich. in defence and security the uk is a significant player and the prime minister hopes that will get her a special deal. she arrived in munich keen to lay out britain's contribution. generous spending on defence and expertise it wants to share even after brexit. theresa may urged the eu to take a practical approach. this cannot be a time when any of us allow competition between partners, rigid institutional restrictions, or deep—seated ideology, to inhibit our cooperation and jeopardise the security of our citizens. she's calling for a new security treaty so th

our guests joining tonight are nigel nelson, political editor of the sunday mirror and political commentator, jo phillipsthey were travelling in collided with a train at a level crossing in west sussex .the emergency services were called to barns green near horsham, shortly after half past eight this morning. no—one on the train was hurt. a court in pakistan has sentenced a man to death for the murder and rape of a 6 year old girl. zainub ansari's body was found on a rubbish dump in the city and rape of a 16 year old girl. zainub ansari's body was found on a rubbish dump in the city of kasur injanuary. 2a year old imran ali confessed to the killing and to attacks on other young girls. her murder triggered riots across the country over alleged police incompetence in the investigation into zainub's murder. president trump has met survivors of wednesday's high school shooting in florida, in which 17 people died. it comes as pressure mounts on the fbi over the agency's failure to act on a tip—off that nikolas cruz, the suspected gunman, might carry out an attack. aleem maqbool reports. some survivors of the

phillip, thank you very much. alisyn, let's get back to you in florida. >> joining us is democratic senator from florida bill nelsonor, we're very sorry for what's happening in your state this morning. >> thank you, alisyn. >> senator, what can you tell the american public and our viewers right now about how we're going to stop this? >> well, these are all our children. you can imagine if you were the parent of one of those children and you're looking for answers and all of the above has been talked about, the mental health, preparation at the school and so forth. but you get right down to the weapon, an ar-15. it's a high-caliber, rapid-fire, military-style weapon. it's easy available. in florida we have a background check law since 1998, but it is not enforced. and as a result it's easy to get these kind of assault weapons. so if you are one of those parents, you would be asking yourself, if it weren't an ar-15, my child might be still alive. and that's an issue that we have to confront. yet, we try something as common sense as, if you're on the terrorist watch list, you can't buy a gun, and we can't get that pas