still with me is julian emanuel of btig.going to start off with someone who says yes, and that on -- harnett of -- hold absolute strategy, there we go. he's a bond bull for sure. this is what he had to say about a week ago. >> in the past when you seen recessionary environments, yields have fallen 200 basis points from the previous peak. that will take you to 1.25 percent, maybe 1% on the 10 recy environments, yields have year. alix: what do you think? julian: not going to happen. in the last year, we have been >>a bit of a bond bubble when you see -- bond bubble. when you see the kind of activity you saw in august andged from 2.05 to 1.45, this massive snap back in september driven by better than ,xpected economy in the u.s. is printing at 10 year highs, and in our view, this was the popping of what we think is going to be looked at as a negativity bubble, and that type of environment, bond yields are going higher. less, to us, you can have all of the -- plus, to us, you can have all of the negative yields you want. we just

i am mike emanuel in for shannon bream. julian turner worked on the national security council and is working her sources tonight on who could be bolton's replacement. >> the race is on to figure out who donald trump will as bolton's replacement. there are at least 5 candidates being flooded. all of them currently serving in the administration. the question is will the replacement be bolton 2.0 or will they be donald trump's new year's man. brian cook is a senior advisor on iran. mick brunel is current ambassador to germany, keith kellogg is national security adviser, senator lindsey graham says no matter what the new national security adviser needs to be someone who plays well with others. >> somebody who can work with the department of defense, to stand back up. >> you can be sure mike pompeo will have a big say. >> what are your sources saying about behind the scenes. >> the he said she said is continuing even tonight, donald trump fired bolton but sources close to the former national security adviser insisting as bolton's idea