i want to bring in bijanuary coe research president jim bianco.utlined back in 2022, i want to get your feelings on -- i have his report here, and it's a city knop sit -- synopsis saying we are witnessing the birth of a new world order that will likely weaken the euro-dollar system and contribute the contemporary forces in the west. what does that have to do with the way president trump is trying to position america for the next 100 years? >> he's got an america first policy where he's looking at our trading partners and allies, and he's believing they've had a free ride basically since the end of world war ii. and the rectify that, he's got three basic plans. plan one is tariffs which can be used as leverage or as a source of revenue. step two is the sovereign wealth fund that he signed an executive order to create, and they're look at create that -- looking to create that, and they said monetize assets, taking assets like gold that's valued at $4 the an -- 42 an ounce, revaluing it to $2900. and ten three is security arrangements -- step three.

coming up this hour we will catch up with jim bianco of bianco research as stocks looked through to trade threats. jeannette lowe as trump takes aim that europe. and dean striving as -- on energy markets. jim bianco of yunker research is watching 10 year bond yields and writes the following rates are steady than 10 year bond yields should continue sideways before heading above 5% and the curve will steepen. i want to go to a quote from bank of america and get your thoughts on this take. we say hot 3% uscp i january is a blessing in disguise. writing inflation must mean trump goes small, not big on tariffs in the coming months to avoid fanning a second wave of inflation. would you agree with that take? jim: no, i would not. we all know the phrase is, you are supposed to take trump seriously, but not literally. i think that is what we have seen in the last 24 hours. they are torturing themselves to basically micro-read what trump has said. he intends on doing tariffs and we are going to get tariffs and they are going to come. as much as we want to talk ourselves out of it they are coming la

let's bring in bianco research president, jim bianco. jim, it's been a topsy turvy day and maybe the markets opened up but maybe not as much as you expect and a lot of folks think it'll be resolved sooner rather than later. >> yeah, i think so. this is the been a big debate on wall street as to does trump want tariffs, that are tax increases or does he want a club or leverage to get something else? the agreement with mexico to put 10,000 troops on the boarder and with canada talking to justin trudeau talking to him this morning and the talk with china that says they want to talk to the u.s. sounds like it's leverage. it's a club. they want -- he wants something from them and they'll talk about getting them and it's not about a permanent level of tariffs. t. charles: other side to that and reading between the lines of this post, there'll be a golden age of america. you know, we know the golden ages had tariffs involved for long periods of time. not just negotiations and it was a different country, 1896 or even 1922. nevertheless there see