i'm margaret talley. >> it would appear you are not the only one who wanted to get out of washington. john boehner: ♪ my oh my what a wonderful day ♪ the show tonight, values and voters. but soon, it is soon to be a vacancy. today in a slow news day, speaker john boehner said sayonara to capitol hill announcing he would resign from conger said the end of october. here is the reasoning that john boehner gave. before went to

sleep last night i told my wife, i might make an announcement tomorrow. what kind of announcement? tell them it is time to go. this morning i woke up and i walked up to starbucks and usual and got my coffee -- as usual and got my copy. saw everybody at pete's diner. got home and thought, i think today's the day. >> speaker john boehner we had some good times. we laughed, we cried, we listened,, w wde cried. we cried a lot. there were tears. why is speaker john boehner leaving now? margaret: speaker john boehner wanted to leave a year ago. what happened was eric cantor out of nowhere -- in eric cantor's mind, john boehner felt that he had to hang on. he had made up his mind last night. you found him weeping when the pope was with him.

i think he was holding out for the pope's visit. >> when you talk to people in his network, yesterday was a peak for him. he had worked for two decades to get the pope to washington. he has a personal moment with the pope that he describes during this press conference where the pope asked john boehner to pray for the pope. he's told a story over and over again according to multiple people. i think -- not that the pope's visit was the reason he resigned. i think yesterday there was a sense of almost calm. ok, i've done it. it is time to go. that might have been peak, because he knew what was coming. reaction to john boehner's announcement was swift. in many cases, it was completely predictable, especially among 2016ers. kasich andd john chris christie complimen the speaker.

at the values voter summit in washington, marco rubio got this reaction when he broke john boehner news. fewtor rubio: just a minutes ago speaker john boehner announced that he would be resigning. [cheers] >> a little bit jarring. meanwhile, someone who may look familiar to. went ahead and pinned down the leader of the free world -- >> what is a reaction to house speaker john boehner's decision to resign? president obama: something i think that john understood, although it was challenging at times to bring his caucus along, that we can have differences on issues but that does not mean you shut down the government. that does not mean you risk the full faith and credit of the united states. a potentialvite financial crisis. >> that was, of course, margaret with the question.

one of your patented 17 part questions to the present. less likely.oking alicia bright's coming -- a leadership fight is coming. margaret: we know mccarthy is the most obvious candidate. john boehner gave him his lessing. there are others like daniel webster waiting in the wings. -- john boehner gave him his blessing. there are more questions about what will happen in terms of raising the debt limit. many of the budget issues that president obama has to contend with. while john boehner has been open to immigration reform, obama was frustrated he would not do it. mccarthy is interesting because he is from california. he is not completely against immigration reform. he will be very much in the crosshairs if he ascends to the speakership. >> no question to you talk to house lawmakers, kevin mccarthy just has the juice to be able to win.

the bigger question becomes majority leader and whip, where there is going to be contests. there are 40 lawmakers wrote always been a thorn in the side of john boehner. ok, now is your opportunity. let's see you back up or you have been doing. it is easy to throw bombs. throw bombs from the back bench. lets you organize and try to put somebody up. i think that is the big question for me. can they coalesce around a single candidate? the real focus of the present use covers today was china. he was sitting there with president xi jinping. cooperation on issues like climate and cyber security. speaking of cyber issues, that pesky reporter margaret, the first question you asked them was about that. you heard what they had to say. do you think their agreement they announced today has teeth? some teeth inas

this sense. if the chinese leader is agreeing with president obama that governments are not going to be doing this to each other, then president obama has some predicate to proceed with more sanctions. beenhe big issue has chinese piracy and how it affects american business and whether the chinese government will prosecute those offenders in china and when. that issue is completely unresolved. the sanctions issue unresolved. president obama door open. if he goes in that direction, will there be retaliation? president xi would not answer that question. interestinge most part of this relationship is what president obama hinted at. the two sides are talking about they bring out some type of ing,rnational norms on hack almost like an arms agreement. there was talk in the last two weeks. chinese officials were meeting with the fbi two weeks ago. maybe they could reach that at this meeting. that did not happen. there were not even close. the fact those talks are going to continue our interesting. if they can reach that

agreement, that would be transformative in the national security-intelligence arena. they are so far away from that. do you really think china is going to say, we have knowledge there has been cyber attacks in the united states of america and now we are going to tell you? pessimistic, even though it is friday afternoon. hillary is sinking in new hampshire. puts bernieoll sanders and 46% and clinton at 30%. joe biden gets 14%. even if i were not in the race, sanders still leads clinton -- even if biden were not in the race. there is the new drip about clinton's e-mails. plus, reports that a draft biden super tuesday- 11 states. what is the worst for hillary clinton? she was theok, if nominee, the e-mail controversy would be the worst.

it is not even clear that she is going to be the nominee. ll isprimary, the wmur po the worst because it shows bernie sanders was a problem for. if bernie sanders is a problem, that may pave the way for joe biden to be a problem down the road. >> which makes biden's work on the outside more important. even when you include the margin of error, it is jarring. in the clinton team's defense, whether they are doing is letting her loose. ok, clinton, letting loose. not things you put together. they are starting to take a page m'sthe obama tea campaign. she had that interview with lena dunham. that works. that is how you build an outside movement around you. you start to address the grassroots, address people, been ahere there has disconnect before. her team is in a very early stage of releasing their full-scale plan. margaret: tried to turn the boat ar5ound.

you saw it with keystone. she tried to get in front of that so she could be against it before obama is against it. >> it is very early. her team is happy with what they did on the policy side of things. every this dominates week. that has to be in him is the frustrating to them. margaret: the numbers have not caught up to her yet. >> more on the big news from john boehner and more reaction from the white house after this. ♪

john boehner. i enjoy what i'm doing. some days are more fun than others. i came to fight for a more accountable government. int leads to more resources the private sector, better jobs, better wages than this a government solution to

everything that the people on the other side of the aisle want to fight for. engaged in a fight, as long as i am, i will be here. >> 10 years maybe. less than 10? john boehner: way less. >> less than six? john boehner: probably. i am not going to be here forever. let me put it this way, i told my staff about five years ago, i'm 70 years old and still walking around here, somebody just shoot me. i'm not going to be somebody who dies in the saddle. john boehnerm team will have to commit violence. that was from mark halperin's conversation with john boehner about the speakers future. whoguest is doug high joins us from harvard. you can follow him on twitter. doug -- doug: that is a fake account. that is not my account. twitter needs to verify my

actual account. thank you for that. phil: i want to get into a lot of legacy stuff with john boehner. you were in the room, the most intense meeting during your time on the hill. first, i want you to look at what is going to happen over the next 30 days. you know this conference very well. at the start of november, who is the speaker and who is the leader and who is the majority with as it stands right now? doug: that of a whole lot going on. it looks like kevin mccarthy has jumped out in front. what his team is doing is smart. talking about being a unifier. if there is one thing we have seen over the past 18 hours, if not 18 months, is that the congress need somebody, the house republican conference meets somebody that is going to unify them. that is something kevin mccarthy has shown an ability to do. as majority leader has done a

good job. toughest whip is the job for house republicans right now. he worked his tail off in that job and really tried to bring different parts of the party together on different issues. sometime successful, sometimes not. getrity leader cantor would involved or the speaker would get involved on tough issues, but kevin is somebody who worked tremendously throughout that process. we will see his vote counting ability when he wins as speaker. hopefully we'll unify the party. now, where else are we? majority leader and whip? those will be tough to tell. we will see who jumps in. there is going to be a lot of rancor in these fights. some you may not see as intensified as possible. it is tough to predict who will emerge notorious. but there will be a lot of players going in -- it is tough to predict who will be victorious. margaret: when you talk about unifying the party, what about the dysfunctional dynamic between congressional republicans and this white

house? there is a year plus left the president obama's term. is there anything a new speaker can do to change the dynamic? doug: i think that is going to be a major part of the dynamic. i go back to the sound you played from the value voter's summit. if you are happy that john boehner is gone, then what is the alternative? i do not mean what is the alternative as to what republican. what fight do you want to have? i would like to see republicans unified in a message going against senate democrats, certainly when they were in the majority we had trouble doing that. house democrats and ultimately president obama. if we end up fighting amongst ourselves the whole time -- which we have done a lot of -- then we limit our ability to do anything with democrats. and for me, that goes back to december 2012 when, as you remember, margaret, we worked on something we called plan b to deal with -- what a great name plan b -- something to push back on the democrats when the bush tax cuts were expiring.

what we saw is there were enough republicans who were nervous enough about voting what they defined as being a tax increase because this was a vote that would happen on december 27 or 28 instead of january 1 when the taxes would rise. so taxes are higher today because some republicans did not want to vote for what they perceived as a tax increase. what we saw was, instead of throwing santa some people, -- throwing sand at harry reid or the obama administration, showed we could not pick up the sand. that is why republicans have had the problems they have had over the past couple years. it is why we need to unify and march together. if we are not able to do that, we will have the same problems. phil: doug heye. his actual twitter account is @dougheye,. . don't follow the other guy. thank you very much, doug. crazy at present obama's

week with somebody in the room for every minute of it. ♪

brian dies the unanimous choice for best beard. some busy times over there. but a big announcement today in the meeting between president obama and president xi. this is a second meeting with her has been a big climate announcement at the end of the meeting or during the meeting. even deep -- you have been deeply involved in this. i question is -- china commits to having a national cap and trade system by 2017. i do not think there is any chance that the u.s. will follow suit. is the u.s. a hindrance to some of the momentum heading into paris? brian: absolutely not. i think, in fact, the opposite.

what you are seeing today is the he united when t states steps up and leads on an issue. other countries around the world, including china lead as well. i think you guys are familiar with the clay power plant the president announced a month ago. that is the single largest that any president has taken on climate. emissions in our domestic power sector. what you saw today was china laid out its approach to its domestic power sector and other sectors of its economy. and i think that part of the reason why you're seeing china move forward is their confidence the united states is leading and the united states is committing to hitting the goals. idea one other thing, the has been, or at least when we were in beijing in november, that china coming along with this would drag india long, would drag other countries along. do you sense going into paris

that the united front on some level between the u.s. and china is going to lead to a big international agreement? how do you handicap what we are going to see in december? brian: the announcement between the u.s. and china last november was a big breakthrough. since that time, we have seen countries that represent about 75% of global emissions put forward their post 2020 target. so, we have made a lot of progress. there is still some countries -- you mentioned india and others -- that i expect will put forward their emissions targets later this year in the run-up to paris. but we have seen a lot of progress. we still have a ways to go. and part of what this announcement today between the u.s. and china was about was trying to further lay the groundwork between our two countries to say, where are our areas of commonality, and how do we see an agreement actually taking shape? i think announcement is another important step. we have a lot of work yet to do.

but i think we have a solid foundation. you have beenn, part of present obama's team from the start. you have spent a lot of time dealing with budget issues. you know as well as anyone that, even though house speaker john boehner is on the other side of the ideological spectrum, he has been someone whom the president has seen as a straight shooter. what is his departure going to do in terms of the president's ability to get things done, whether it is cap and trade, or any major u.s. to mystic policy? -- u.s. domestic policy? : for starters, i would say the president spoke about speaker boehner earlier today. and i would echo that he's an honorable man. and somebody who has served his country in an honorable way. and one of the things about john boehner is that while we disagree on issues across the board, he also understands that we do need to compromise.

we do need to find common ground. and that is particularly true when it comes to issues that affect our economy. and so, we'll see what happens in the house. and see what happens in terms of leadership,s to the but certainly our hope and our expectation that, as we move forward, the party and its leadership will recognize the importance of not playing games that would put our economic recovery at risk. having the chinese here and second-quarterl gdp numbers today, just only reinforces that the united states economy is showing continued durable growth. in the last thing we can afford right now is self-inflicted wounds. so, we hope that we will have partners in congress that will understand that and reflect that going forward. phil: a lot of serious issues on the table, obviously. when you're a meeting with chinese officials, but we are a

politics show. we just have to ask question -- and you are sitting behind closed doors in these negotiations, late at night, do they ever ask what the heck is up with donald trump? brian: you know, i have not had those conversations, which is not to say that they've never taken place. the, i will say that climate announcement that we put forward today was the result of a lot of hard work over the last several months. of the things i think that is a positive about our relationship is that having identified our two countries' commitment to lean on this issue, we now do have a very strong relationship. we do not agree on everything. the negotiations are very tough. but we have channels that we can make real progress with. i think the announcement today is a reflection of that. but we'll see whether we have more domestic politics

conversations with them going forward. margaret: we know you have to go so because you have a state dinner to get ready for. and some tax ito pants to pick -- tuxedo pants to pick up. can you talk about what you're looking most forward to tonight? and is there one etiquette faux pas you try to avoid? brian: first things first. you want to have a tax ito -- tuxedo before you go. i want to pick mine up now. there are extorted and her opportunities and i am very fortunate to get to attend. -- there are extraordinary opportunities. last time i took my mom. this time my wife and i will be attending. phil: i know things have been crazy over there. we appreciate your taking the time. good luck at the dinner tonight. please, no international incident. senior advisor to the present of united states. we will be back to a tribute to john boehner. ♪

phil: it is friday and it is time to close up shop, but before you start your weekend, some of the great john boehner moments from his time as speaker in the house. john boehner: are you kidding me? you cannot put something on the table. if i'm try to keep 218 frogs in a wheel barrow. and do their ass something. what a wonderful day. phil: it is the frogs in the wheelbarrow that gets me on that one. his wine.e man loved he loved his cigarettes. he loves golf more than anything to my favorite is this fashion critiques which never stop. your tie has to be a certain length. in fact, on bloomberg

television, he forced peter cook to re-tie hies tie during an interview. mr. speaker, we are going to miss you. mark and john are back next week. until then, sayonara. ♪

>> we are moments away from the closing bell. i'm joe weisenthal. i'm scarlet in for alix steel. ♪ scarlet: a late selloff in biotech shares disrupts our rally. joe: the question is "what'd you miss?". janet yellen says policymakers expect a rate hike, but our investors convinced? we have the charts. scarlet: speaker boehner's plans to quit gives the market jitters.