following this. how patient the mccarthy forces are and congressman him several to keep doing? >> reporter: neil, i think mccarthy folks and >> reporter: i think the mccarthy folks are in it for the long haul. they are going round after round after round. what you are watching unfold here and what i'm taking away from this is the never mccarthy folks don't seem to have a consensus candidate with the nomination of byron donald's. what it appears to say is these never mccarthy folks are just now introducing nominees to the rest of the conference that they can get behind. byron donald's, in this round,

it could be someone else in the fifth round if that happens today but mccarthy supporters feel they have the energy, you heard that from gallagher has he nominated kevin mccarthy in the last couple minutes. that might also be why kevin mccarthy when he walked into the capital this morning was very positive, reporters asked him what his game plan was and he said it is the same thing, watch this. >> what is your game plan? >> excuse us. >> how will you do that? has there been any progress? >> reporter: you heard he said it is the same game plan it was yesterday. he's ready for the long haul. we also could see a different situation unfold this afternoon. there has been chatter on the hill that mccarthy supporters

might actually do a motion to adjourn for the rest of the day to sort of prevent this repeat we saw yesterday where mccarthy doesn't get the votes over and over again. the motion would need a simple majority. we could see the never mccarthy folks, freedom caucus members try to block that along with the democrats. i will say democrat with elected catherine clark, who is preceding this vote was pressing her democratic colleagues to oppose any motion to adjourn. we know chip roy is also not willing to settle so we could have some pushback on any motion to adjourn. also want to mention both donald trump and president biden are now commenting on this. everyone is watching this unfold, the chaos yesterday, donald trump actually is calling on the opposition to,

quote, not turn a great triumph into a giant and embarrassing defeat. that was what he posted on his truth social media platform this morning. president biden talked to peter doocy this morning and said it is already an embarrassment in front of the entire world and he's hoping congress can get together, republicans can get together, doesn't seem that's going to happen this afternoon, now that we are watching this and her into possibly, it is clear to everyone carthy doesn't have the votes, he's not close. neil: you mentioned donald trump on truth social saying let's gather around kevin, 0 impact, no pool at all. what does that tell you? >> reporter: it speaks volumes

to the impact the former president has on members elect. i would actually bring up what representative elect matt gaetz said in response to the former president. he said sad. that was his response. he simply said said. using donald trump phrase that he so often used before, pushback, he said this is not going to change the way i'm going to vote, the way i feel about kevin mccarthy or the way i feel about the former president but we will stick to this. chip roy said he will stick to this. when he was nominating byron donald's for speaker, he said in remarks to come to a deal with mccarthy, he said we are not there. that's evident in what we are watching unfold. there are nowhere close to an

hour near a deal. let's watch the tally, if it goes above 20. mccarthy supporters may have to make a motion to adjourn. ashley: we have a lot to get to, and the high water point was 20. we can't reach that. a little solace in knowing you have the same number of people in the first and second votes. great coverage, i think edward lawrence at the white house. the president is in kentucky, mitch mcconnell is with him celebrating the infrastructure. . it is a weird justification focusing on the hill.

what has the administration, what has the president said about this drama among republicans in the house. >> reporter: it is a very interesting situation, the president is being introduced as we speak. he's in kentucky touting the bipartisan infrastructure bill. the optics, republican minority leader for the senate mitch mcconnell is with him as republicans have this quandary, however the house speaker is going to be. before we get into that the president did insert himself into this debate earlier today saying this is an embarrassment for the world. listen to what he said. >> president biden: for the first time in 100 years we can't move. it is not a good look, not a good thing. this is the united states of america. i hope they get their act together. >> reporter: the president weighing in about this saying

we need to invest in america. you see mitch mcconnell and the president at the event in kentucky, at that bridge. the fact the speaker position yesterday, the white house press secretary refused to weigh in and overnight the white house is looking at the situation and seeing other countries could perceive this as internal problems in the us so what you saw was the president on one hand for national security reasons and concerns coming out saying get your act together. on the political hand, he is sitting back watching this and realizing none of the investigations republicans want to get into into his administration, into him at the things he's doing at the border could start until this process is finished. you've got two hands at work today for the president. neil: thank you, edward lawrence at the white house. you probably see if we could show again where we stand with this voting going on. now 20, which equals the number

of those who rejected kevin mccarthy yesterday. the indications are that a good many of these votes are finding their way to the favored candidate byron donald's, the florida republican who when he stood up and announced his vote got a raucous applause, the fact of the matter is that large group that wanted to deny kevin mccarthy the speakership stayed as tight as a check and has grown or at the very least has not tinkered away here so that's a significant development. i don't know if this follows the categorical with support like this, they have nonsupport like that. some lies go way back, george santos had voted.

217 others, steve forbes is with me. the same kind of sense that it was a dollar short. i know much is made of the fact that look at us, 90% of the caucus. i get that. it is 218. i remember showing my age here. when george, gerald ford's forces, got more votes than ronald reagan for the nomination but going into the convention in kansas city he didn't have the final delegate number. momentum is one thing but closing the deal, not getting to that 218. >> it is going to be tough. the thing is you referenced,

challenged mccarthy a couple weeks ago. he beat it back 136 to 31. in a normal world, lick your wounds and go left of what the democrat party does, focus on policy, may not have positions but -- stop playing like a 6-year-old and get in a pout. neil: they must really dislike him. what is the issue. >> all this publicity, these people are not enemies most of them, now they are getting all this publicity i can't give it up. neil: paul ryan or -- is there someone else who could possibly do it? >> won't do it now for a variety of good reasons, steve scalise. neil: i wondered what he would do. >> they don't even know, can't

focus on an alternative candidate. what do you hope to accomplish other than embarrass? one of the first things to do is scale back the 87,000 new irs agents, that's going by the boards, opening federal lands for energy, we have energy needs. hopefully we have a mild winter but long-term energy needs can't focus on that. what do they hope to achieve? in terms of policy the parties united. what are they trying to do? it is personal spite and publicity seeking and bringing out the ugly side of american politics. neil: does he represent something more? a small pool of people, he is -- business as usual. the republican in name only, is that going on here? >> may have a personal spike, get used to it, you have personal differences but you try to focus on it. neil: but what did you make of

the donald trump influence? rally around this guy? >> they are in their own cocoon. they have that little bubble there, the more they do this the more damage they do to the because they believe in. neil: if they don't follow advice from donald trump and are not getting it from the mainstream than what is going on? >> they should realize republicans in the house have a habit of getting rid of leaders they don't like, they pushed out newt gingrich, if they don't like somebody they have passed precedent to get rid of them so mccarthy raised $250 million, you may not like the guy but you work with him and let him perform and then get rid of him, you may not like aaron judge. everyone those but if he had 62 home runs you work with him. what they got to do is realize it is not just about them,

little petty things, they've got a bigger thing, the united states of america. neil: this fourth vote is a no go for kevin mccarthy. the indications are we will have 1/5 vote, doing this again and again and again and we will see where it goes. for kevin mccarthy he is not coming up aces here. the issue becomes, i know when parties -- britain we've seen it with her prime minister, they kicked churchill out. we don't see it quite as much here. i am wondering if there is something more to this in 2024. >> what it underscores, that's why donald trump endorsed mccarthy, as long as this goes on, the better governor desantis looks, he took a practice party in florida, made it the dominant party.

won by 20 points. there is strength, get things done and then you have this clown party in the house and people wonder, we need a governor, we need someone who has delivered, has a record of delivering. neil: even a popular overwhelmingly reelected, this could be like corralling the kittens. >> let's look into the future and do all these what ifs, but let's say desantis runs, desantis wins decisively, people want a new decisive direction. he will have a more majority in the house and don't go against nationally elected president, no one knows who kevin mccarthy is. most people are vaguely aware, president of candidate is very different, president of candidate gets a mandate, that is hard to book and you will

have real unanimity in the party, who also know their success depends on the presidency, nancy pelosi whatever you think of her she not only raised the money but you crossed her and you will pay a price. neil: i am thinking it works the other way, 1994 when republicans got that big win they couldn't carry it through two years later and how does this go? how long do these things last? another vote, another vote, it will pass, they will settle on someone, don't know who it is. he benefits because republicans are divided, you've had some republican congressman saying he would be a better

alternative. >> steny hoyer, nancy pelosi also in his 80s or 70s, don't think that is old anymore. >> if somebody like that was around you would find republicans saying he's a moderate, he's not a crazy guy, got to stop this and that is the danger. you could pick somebody and unite behind another candidate. i'm trying to be nice on a family station but -- stop being selfish and put the party and country and of your own publicity seeking just once. neil: we are down from our highs, this sort of take, after the horrific year last time, i get that but others, nothing new to us, nothing gets done, fine with that even if it means

dysfunction among republicans. not sure that is always the case when republicans want to do things the markets want to see done. >> to have gridlock, positive gridlock on the regulatory side, you have to have a functioning party. the worst of all worlds, you have dysfunction which means on the regulatory side this administration doing what it is doing, no effective roadblock. the authority republicans would have had, had they united and moved forward, never the united and moved forward, never had this debacle here, their authority is undermined to block some of that. you are inefficient, upsetting the government, what do you think you were doing, you can't even swear a new congress in. the constitution says january 3rd. past january 3rd. neil: you forgot to calm down. you really see something here

and we are learning it post election, 10 vote gap in the house, only 10 more republicans than democrats. if he had 20, that is kevin mccarthy, could he have pulled this off? it depends who the others would be. >> the answer is yes. the obstructionists didn't know they could get 19 or 20. they have 5 or 6 so mccarthy had a 20 vote lead after mccarthy smashed the alternative for the leadership, this would not have come to pass but remember even though it is a small majority, pelosi made it effective. neil: with virtually nothing, pulled out some big legislation whether you are a fan of that legislation or not. don't go anywhere, i want to go back to chad and what happens now, fourth time didn't do it, the same number of rejections we saw yesterday, 20 voted for someone else.

even hoping against hope to bring that down nothing has changed. >> reporter: things got a little worse for kevin mccarthy. not only did he not demonstrate he had moved the ball overnight, things got a little worse and here's why. the unofficial total, 200 one votes for kevin mccarthy which is lower than he had yesterday because victoria sparks, republican from indiana, voted present. there has been a little more attrition than he had. these numbers are not official, we will learn that in a few minutes. the reason we are in this delay on the house floor is the tally clerks are going through and checking the ballots making sure everyone has the same numbers, this usually takes 10 or 15 minutes after they announced the final name. mccarthy 201, hakeem jeffries, the democrats all sticking together, 212. 20 vote against kevin mccarthy, a new nominee for speaker today, byron donalds,

republican of florida who was one of the defectors yesterday, voted for kevin mccarthy and morphed over in the anti-mccarthy camp later in the day and then one more wildcard here, a republican from indiana, immigrant from ukraine and voted present, the first present we've seen on the floor today. we knew this early on in the vote total, once you went to 5 votes against kevin mccarthy, for somebody else we were going to a fifth rollcall vote and we thought that would happen. we also thought they might if mccarthy you thought things were worse, that they might not have this roll call vote or try not to and there might be an effort on those who are loyal to kevin mccarthy to recess the house which i was told there would be enough for democrats, the new whip on the democratic side, catherine clark of massachusetts and people

against kevin mccarthy can probably afford a coalition to keep the house from voting because mccarthy did not want the embarrassment of showing he did not move the meter and in a subtle way things just got a little worse for him. that is significant in this roll call vote. the other important thing is we are holding at 434. the universe of members voting remains the same. at some point there will be absences, people miss the vote, that happens all the time on capitol hill, someone down the hall getting a sandwich, loses crack of time, that loses it on capitol hill but at some point, to take their kid back to school, there will be people who will not be voting for speaker, the longer this goes on if it goes on a few days. neil: that is more dangerous, is it not? hakeem jeffries in an unlikely scenario.

>> the mccarthy supporters or those who like a byron donald or jim jordan. now that we have been 24 hours in this process and if we are looking at the house floor there's a big conclave where you have conservative members, matt gaetz, some pretty angry finger-pointing on the floor. i see byron donald's who voted for himself is now talking to tom amber, the republican whip from minnesota won that job, they are having a conversation on the floor, a new member of the leadership team, somebody responsible, he ran the and rcc, the republican campaign win and people who run the republican campaign wing do not necessarily become a member of the leadership but in this case he did succeed but that is very

interesting at the floor to see, byron donald's, there's an old saying they used to say, yogi berra would say you can see a lot by watching. you have these votes on the floor. you can see a lot by watching it and often tell you a great deal about where things are with bills or politics. neil: i know you are but what am i? i am beginning to sense in that crowd they are smelling blood on the water. they are trying desperately to woo them, and there' s actually some christening going on there. you can't change our mind, you can't alter all this and now i am wondering if another thing

builds, an alternative starts to build where the consensus choice, these multiple votes if we get back to those people, the emergence after pope benedict -- pope francis, he only got a few votes the first round. he mentioned that, you are patient in indulging at, something happens through these votes, not the same as an enclave. i get that. could you see that happening? these sides are far apart, they might be giving up mccarthy, then there is the new side or sides who push their own men or women. much of the attention is on

this congressman. >> byron donald's, republican of florida. neil: i am wondering, many flavors to come core test cases to come. >> which one do you want today? they have 31 flavors, 2 or 3 other different names dropped out here. the one i would look at first is steve scalise, put into nomination. neil: could they get those 20? >> that is an unknown quantity. this is interesting because there was a moment in time on capitol hill when john boehner was stepping away, they were struggling, they were in this stasis trying to figure out who was going to be speaker of the house. they had a speaker of the house and i was told he would stay on

until i got a speaker even though he had given a firm date but he said we can work this out by that point. paul ryan was not in the mix. everyone was saying it has to be paul ryan even people who were not enamored of paul ryan because he was the consensus candidate. he was shoved into the job by some other people and catholic clergy, gilded into taking this job that if he did not run the term that was used on capitol hill is there would be blood all over the capital floor because it would be this internal fight. they didn't have that because they found switzerland, paul ryan, the person everybody wanted. he had been the vice presidential nominee in 2012. there were aspirations, people suggested him running for president. he didn't want to be speaker

but everybody centered on paul ryan. there is no paul ryan in this scenario. the bloodbath in 2015, we might be seeing it. might have been 7 years delayed because republicans can't arrive on a consensus candidate. nothing yet. and off the top of the capitol dome, white smoke or black smoke, which they had that, helped under those circumstances. neil: we are going to take a quick break here, the dow 204 points. where we go from here, the fifth focus lady, see how that goes. o hike.

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neil: we are at one:30 on the east coast of the united states, you're looking at wall street, doesn't look very panicked. helping a lot of this is manufacturing sector today, indications inflation in france is having a bit. not all the news was great but enough to get a bounce back from where we were last year. if you are looking at consternation or substantive reaction good or bad from what drama is unfolding on the floor of the house you are not seeing it. those just joining us, fourth time proving not the charm for kevin mccarthy, he stuck in the same number that gets them shy to 218 folks he will need and much is made covering this story, we have 90% of the caucus behind us.

that misses the mark, the man who wants to be speaker, and not getting a 90% support but 218 just like when you run for president, 90% of the 270 electoral votes needed to get 270 votes. he's not there. there's going to be a fifth try at this. let's get a sense where we are going, certainly from the market perspective with scott martin, steve forbes, from your perspective about what the markets are saying about this, i don't think it is a story for that. >> the market realizes it doesn't look like once we have a work out of this at some point maybe a couple days down the road or couple months but this will get worked out and i hope we will get our act together but the markets are focusing on other things that

are more substantiated which is this inflation concern, recessionary fear, earnings write downs, all these things that are so predicted and expected by all these experts, if they do happen, means they are not going to happen. when the market sees things going at different way, may be different from this inflation craze, we have deflation, different from the earnings write down or earning a stay okay. the market will preempt that by rallying. it will run ahead of these things and that is what you will see in january, february and march. neil: he raised an interesting possibility. what if this drags on for months? >> the market is trying to make

a distinction between short-term noise and long-term opportunities. we want to turn the page on 2022, it was a horrible year but they do see opportunities. the bond market is telling you the fed is winning the battle against inflation. the market is telling you china is reopening the consumer market, it will address the supply-chain. we have all the baggage and problems and challenges we had before but we recognize short-term yields are really high, sucking money out of the market and short-term treasuries getting close to 5%, the same people that were chasing unicorns and they weren't doing any due diligence, long-term. long term, we got to make some intelligent decisions. there are some great companies here, look at boeing doing well

and big tech names are starting to pull back, that's a normal cycle. that the healthy cycle, it is broadening out. main street is doing much better than wall street. the layoffs on wall street continue. there is a rich session so wealthy people have less money in their portfolios but the average person is not going to revenge travel as much in 2023 but we will take that burrito home and eat it as a family and that is good news. >> taco bell, everyone? neil: i am out of here. steve forbes is with me. i talk to administration, they always say to a man or woman this is the wind at our back, not the discord among republicans that we welcome that but the 10. 4 million jobs still out there that go begging the and just reported today, the fact that we will see more jobs added for the last month when we get the job figure out, don't know how

many but that trend remains their friend. that republicans can dillydally over a leader but we are leading the charge back, that is how they are playing it. >> i'm glad they think that way because they are on cliff's edge in the world today. you look at the debts of these nations and emerging nations, that hasn't been factored into the market. you have here at home people running down their savings -- neil: leave my household out of it. everything is not hunky-dory. >> not at all. so many things can go wrong. they call them black swans. they are circling around there. neil: you hear of black swans? >> very hardy. if you have a white house waging war energy and stuff like that and a federal reserve that still believes the way to

conquer inflation is slowing the economy so they will raise interest rates, and raise them again, not as much as they were before but that puts another weight on the economy and tax increases coming in on business, troubles in europe, troubles in china. that may be the least of it. neil: the dow up to hunter 20 one points, setting a timeline on 1/5 vote, they could keep doing this. i remember yesterday they decided to call for a recess which gives republican time to gather. when you order that many boxes of pizza people don't debate it. it is just cheese and they decide who want to this cheese and very late into the night, didn't move any mines, kevin mccarthy, don't know if he was picking up the path for the pizza but he didn't really get much out of that, more after this. ♪

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volatus aerospace provides integrated drone solutions for commercial, industrial, defense applications and public safety, maximizing the potential of drone technologies around the world. volatus aerospace. neil: florida republican congressman byron reynolds who was asked to challenge kevin mccarthy and said i'm voting for myself has been on fox news talking about this saying if there is a pathway for kevin to become speaker or anyone else to become speaker he didn't seem to see it immediately. what is happening now isn't an indictment of kevin, referring to mccarthy, but criticism of the process. he also says it is only day 2, we need a little patience, we are going to get it done and get on to the business of

investigations, et cetera et cetera. steve forbes. what do you think of what he is saying? >> he's trying to plant the seed, kevin can't get it but the mccarthyites say we played by the rules, you had a chance to challenge mccarthy, you failed miserably, now a small group of you are obstructing and making a laughingstock of the republican party. that's not the way you play this game. neil: might not be the way to play the game, they don't have to move over to him. if they don't it stays stuck. >> they have to ask these obstructionists, you don't have a candidate or a platform because we are agreed what we want to do. what is your end game? when do you stop? you want to take one man, humiliate him and destroy him? who will you replace him with? you don't have a consensus candidate can you change it each day. ice cream flavor of the day.

put them on the spot. what do you want to? don't say -- neil: say mccarthy makes it through. will it be a tony soprano moment where he exact vengeance on all the people who dragged him through this? >> he has been around long enough you don't do it directly or immediately. neil: why aren't i on any committee? don't think some thing like that -- >> there will be times they want a favorite, you always want to something and you are not going to get it. neil: they are starting a fifth vote. they haven't formally started but are putting his name into nomination so they are going through this rigmarole. what happens if after all this mccarthy still loses? he's not budging things. can't imagine him staying a congressman. that is tough, isn't it? >> depends how it ends up.

if he's able to anoint his successor, would have been successor against those obstructionists, he might feel this is a way to about out with some shred of dignity. but the thing is they do not go on offense. what do you want? don't say calling for another vote on speaker, we see how that looks. what is it? they really don't know. i don't like mccarthy. he says one thing to one person and another to another person. in politics that is how it works. neil: akeem jeffries, the democratic leader the better than kevin mccarthy. >> a couple comments. neil: scott martin, i heard your voice. what did you think of what steve was saying? >> the democrats had control

dow for a couple years, we missed the red wave in the fall but still get the house for republicans, that is, and we blow it on the house speaker set up. it is interesting how this is a chance to take the reins back somewhat, mitigate the efforts the democrats have had in the last couple years and we can't even get the speaker election done. democrats have to be laughing all the way to new york city because of the fact this is a chance to reevaluate, rebalance the government and the first step has been a misstep. it is frustrating to me to see this rigmarole of we have a fifth vote that won't go through, nothing has been resolved and we are stuck figuring if it is not mccarthy, who next? nobody next. neil: i wonder if it gets to be like stockholm syndrome, we will pick someone. the longer this drags on, don't know if that is the case and

history shows 133 ballots, i were number covering that but nathaniel banks won after 33 ballots. my point was people at home saying there is no way he could've been there and others saying i could see that. this issue, it does go on. these multiple ballot counts and fights back and forth, the question is what are republicans looking like after it is settled? are they damaged severely here? >> wall street probably realized life goes on because everything's ra factor. it is not a good first step. if anybody who's a fringe on the party, thinking i'm not an independent or i will lean more right, after this debacle they will be like these guys don't have their you know what together, moving on, looking elsewhere. neil: what do you think? >> there's a lot of backroom deals go on. a lot of big money in politics.

at the end of the day people like their own congressman but don't like the system in washington. anything to shed transparency on the system, reevaluate how the process works, maybe we will get a better outcome if we promoted dialogue, people don't like the back room deals, they want to know what is going on. january is financial literacy month and we bring in this idea, is it going to promote fiscal responsibility in washington? maybe this is a good thing. i don't know. hopefully we get a positive outcome. how about it? >> the vatican, puffs of smoke and we go with that. in the back room we glean what their intentions were or are but do you think to these find gentlemen's point there is maybe a counter consensus building or a frantic one to say kevin is going to go so far

but we've got to start grouping around someone else. who is there paul ryan? >> that's the thing. they don't have one and are probably searching for one. neil: you are here talking to me. >> we should have announced our candidacy. what has happened, what is the country coming to? on the weekend, you will adjourn on friday, 3 or 4 days a week and use that time to say where do we go from here? everyone is dug in and bismarck was right when he said two things you shouldn't see being made, what is the sausages and the others laws or picking leaders. that's what is going on here. all this again, strengthens desantis. the state that had the red wave, there is a state -- neil: no close contest. >> he got big things done.

at least not washington. manifestly not washington. neil: you made it with the bismarck reference, a herculean task. we will take a quick break, the dow one hundred 83 points, a fifth vote about to ensue. there will be a lot of votes. with the right balance of risk and reward. so you can enjoy more of...this. this is the planning effect. at adp, we use data-driven insights to design hr solutions to help you engage and retain top performers today, so you can have more success tomorrow. ♪ one thing leads to another, yeah, yeah ♪

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neil: life goes on in this country. some are looking at cool gadgets. kelly o'grady at the consumer electronics show in las vegas. >> reporter: one of my favorite events every year, celebration of animation and you see some cool stuff. we expect 100,000 attendees, today's media preview day but the floor will be packed with folks, everything being built up and i want a sense of what we will see, you have this robot that helps with household chores, we could all use that but one major change, big names are back, google, amazon and meta expected to exhibit 2500 companies here, some big product reveals of us far include volkswagen's new dvd, tvs from samsung, we got a sneak peek at what the week

will be bringing, brought big focus on the meta-verse and ai, fitness, there were some wild ones. i like the pillow that helped you snap -- stop snoring. we are excited for tomorrow and i will bring some cool gadgets so stay tuned. neil: great job kelly, in las vegas, 1/5 the voters on to seat kevin mccarthy. he has the core contingent of 20 folks who say no, we are so past you. if they are past him who are they walking to? after this. ♪ with innovation that lets you customize interfaces, charts

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neil: you always wonder with the speaker thing if it will move the needle on anything if kevin mccarthy gets any closer. as i've been emphasizing these last two hours, this is a worry for the markets at this point they have a funny way of showing it. we have the dow up 15points. had been up almost 300 -- 157 points. we'll see how the first positive at this day of