steve forbes breaking it down and so excited to talk to brilliant steve forbes. we'll be back in two. >> elon's six wizards, brought in young wizards to go in and go over the books and they're finding crazy [bleep]. it's very strange the media is ignoring it, especially the left wing media. it's too big of a win for the right and they're ignoring it. they haven't even gotten to medicaid yet or medical stuff. there's so much they haven't tapped into and think the real mother load of fraud is. (auctioneer) let's start the bidding at 5 million dollars. thank you, sir. (man) these people of privilege... hoarding the financial advantages for far too long. (auctioneer) 7.5 at the back. (man) look at them — unaware that robinhood gold members now enjoy the vip treatment — a 3% ira match on retirement contributions. (auctioneer) 11 million sir. (man) once they discover their privileges are no longer exclusive... their fragile reality will plunge into disarray. ♪ ok guys, instead of getting weathertech, i saved a few bucks and got some cheap, foreign made floor mats. but

what does steve forbes think?e aren't going to like that and in terms of gold, revalue to what the market is today, 750, $800 billion and follow through by starting to issue bonds going to check what our government is doing and also in terms of values and vis-a-vis the dollar. having bonds there and one going for them and coming from the government and coming from prosperity and inflation and powell won't reduce that interest rate going for the federal rate going for the stable dollar and these are the first steps going to get there and larry: that's the gold backed bonds. thank you. larry: would you buy gold-backed bonds? >> the interesting thing about this is mark to market, i haven't heard that phrase since 2008 financial crisis and the banks said we don't want a mark to market because guess what, we're holding here in cmos and you're saying that gold is worth far more, and would be a benefit to the treasury, bail out the treasury but at the same time you're hurting the consumer financial protection burea bure.

steve forbes, can i talk a moment about gold?rd in the economics profession. [laughter] larry: four-letter word, exactly right. >> it's like waving a cross at a slam vampire. larry: first of all, bad inflation if report. biden-flation is still with us. to party what what focus say, it's still running3, 4%. the fed has bungled everything. putting that aside, gold, recor. now, you know this, the u.s. treasury owns 11 million assets. the gold -- ounces of gold it's been scored at $4 2.the 2 -- 42.22 based on nixon's 19 is 73 -- 1973 deal. is so price today is $3,000, not 42. so if you revalued it, this is my first point. if you realed it mark-to-market, if you will, it'd be worth about $800 billion. to put it on the treasure true's balance sheet. -- treasury's balance sheet. it would give us strength, give the dollar strength, tremendous reserves and so forth and so on. some people want the sell gold. i'd rather revalue it. what does steve the forbes say? >> when you talk about selling gold, call it instead spending gold. larry: oh.

what's bring in steve forbes. who knows, it could be happening today. steve, great to have you won. this in perspective for us. do you see what has happened so far with this trade war? do you see what president trump has been able to achieve as a win? >> what you see is all sides want to negotiate. on mexico and canada, you've got something going right away. on china, the retaliatory tariffs are actually very mild. they didn't bring in soybeans, sensitive in the past. some of these minerals we produce here. the chinese are signaling -- yes we have to respond if you put something on, but they are also signaling that they are willing to sit down and discuss. whether those discussions lead to something substantive, who knows. the chinese have plenty tools left. they want to see them do a deal. >> up message is xi sending with these retaliatory tariffs on the united states? >> sending "this is the minimum we have to do for face-saving purposes, what we want to sit down." the present will be talking to them in a few days, and the fact that i think he talked to xi after the election. i th

joining us now is steve forbes, forbes media chairman and editor in chief and john carney bright bard finance editor and coauthor of the breitbart does digest. thanks for being here. steve, this jobs report is so emblematic of bidenomics and past four years the creation that doge trying to get rid of right now and at the same time the shrinking of our manufacturing sector and middle class and president biden claimed to be representative of and really getting screwed. jowski well, the whole thing looking real suspicious and the whole jobs report put together. every single month, they had a revision and you saw this great disparity between the households survey and the factory survey. it went on and on and on. that raises real questions then the question of seasonal adjustments. in december, seasonally, a lot of new jobs are created for the holidays. in january, they say we create jobs and the real work force, hundreds of thousands of jobs are lost. so they seasonally adjusted for them and whole thing, those numbers are like chinese numbers. take them with a grain of salt. david: the nu

liz: great for you steve forbes. make those points.happy to talk to you again we'll have you back on soon we hope thanks for joining us. now listen to this please. >> thank you. >> there's a limestone mine where we store all of the retirement paperwork and you look at a picture of this mine and it looks like something out of the 50s because it was started in 1955. it looks like it's time warp. liz: who would have seen this coming? that was elon musk exposing how antiquated and out of date the federal government is. tonight we'll get you this special report on how the government was using an ancient mine carved out of limestone that dates back to the 1950s and the cold war to process pension checks for federal workers. also this story for you. >> well i think she's compromised. russian controlled media caught her a russian asset. >> you said yesterday people could be killed as a result of this. rfk jr. being in this role. liz: okay democrat hysteria hammering trump's nominees. it didn't work, none of it worked. more and more polls have

liz: steve forbes said five dozen nations like uk, canada, even new zealand privatized air traffic controleases in safety. wonderful place wonder why we don't do it. have a great weekend and great to see you. and be sure to tune into the bottom line at 6:00 p.m. eastern time. look who's here. transportation secretary sean duffy back onto discuss his fight with hillary clinton and much, much more. now to this, watch. >> i've never been that impressed with his political operation. >> biden's operation? >> yeah, i'm not. i just haven't been. some people were unhappy with him and didn't sound like joe biden to me. i think it's a legitimate question to say is this an episode or condition? liz: coming up, this democrat grudge match is continuing and escalating and going for them and again for biden and going for carter and doggett to them and it's the prophetic voicing progression. >> donald trump, if he were president, putin would be sitting in kyiv right now. >> right now, we're supporting ukraine's ability to defend itself against russia's unprovoked aggression and doing what we can to contin

>> from steve forbes' mouth to actor's ears.k, there's a lot that has to go right here and i'm sure we're going to have bumps along the way. the market pulled forward a tremendous amount of performance and end of the day, you need good tax cuts but above all and i said it last week, we need companies to deliver earning ands we're in the throes of earnings season and not even talking about earnings but deepseek and tariffs and getting back to business to the micro in the near future. stuart: that's a positive you think? >> i do indeed. i think the bar has been set relatively low and washington looking for 10% earning ands seeing at least that. by the way, it's not the growth cohort that's down half a percent on the year. what's up 5% on the year through friday? value. health department care up 7% on the year. what's teped down? 4%. i'd look elsewhere because you're going to get the lift from the other constituents of this market. finally. stuart: got it, jason katz, thank you for joining us this morning, on a very important day.

steve forbes on trump.is worth the price and felt joe concha on the dnc insisting it needs a nonbinary leader to be able to win elections. the 10:00 hour is next. ♪ it's payback time. all these years, you've worked hard. you fixed it. you looked after it. maybe it's time for your home to start taking care of you? we've invested in our home, we've worked on it, we had a whole lot of equity just sitting there. you paid down the mortgage, invested in your home. i guess, you could say, your home owes you. unlock a portion of your home equity with a reverse mortgage loan. get tax-free cash, and stay in the home you love. you'll rest easy knowing you'll continue to own your home just like any other mortgage. and your heirs will never owe more than the home's value. look, finance of america can show you how a reverse mortgage loan can use your built-up home equity to give you tax-free cash for almost anything you might need. just eliminating the mortgage payment freed up a lot of cash for us. i get to do what i wa

forbes, from politico judge to trump terminated ethics watchdog. you're unfired new york times trump pauses enforcement of law banning foreign bribery. you are a student of stevehat he announced this week. mission accomplished in terms of flooding the zone, ethics are something that the latest polling that we could find. it was from pew. how many elected officials ran for office to make a lot of money? 63% of all respondents think they all do that, or most of them. so the public was softened to this. trump was pushing against an open door. does what does that instruct in terms of the politics of this? for the pro-democracy movement? >> i think. >> reclaiming the. >> mantle of. >> of being the outsider, of being someone that is, of being the side that's going after public corruption. i think a lot of times the democrats, for good reason. >> like we're. >> stuck defending. >> institutions, defending. public officials because. >> they were under unfair attack. but now, you know, the republicans are in charge and they have control of all three branches. essentially, if you consider the conservative supreme court and they also now are allied with the richest people