Wednesday october 4, 6 00 a. M. On the east coast. Today remote on capitol hill gop lawmakers meeting all day to discuss who will take over for Kevin Mccarthy after the california congressman was ousted from his position yesterday as democrat side with a republican to lead the motion to vacate the speakers chair. The one thing i will tell you, doing the right thing isnt always easy but it is necessary. I may have lost about today but as they walked out of the chamber i feel fortunate to observe the American People. I will not run for speaker again. I will have the conference pick somebody else. I hope you realize every day i did the job regardless whether you underestimated me or not. Maria the impact on the markets, the academy and policy coming up as investors this morning are focused on spiking Interest Rates, another selloff in stocks all leading back to bad policy, coming up my exclusive interview with bond investor jeffrey coming up, where the rates had next and how is he investing. Futures indicated a mixed opening, take a look at the dow industrial higher but the nasdaq negative with the yields up again, take a look the dow turning negative for 2023 yesterday and take a look at the ten year yield right now up another two and half basis points this morning sitting at. Oil prices this morning have been a factor this morning. Were looking at another pullback, the price of oil down about 1 of a level of 88. 26 a barrel, another market mover on the way private payroll data from adp at 8 15 a. M. Eastern weekly jobless claims out this morning they will be out thursday and the allimportant jobs report coming out on friday, live jobs data on the way european markets look like this. Take a look at the eurozone higher across the board fractional moves. Asia overnight, shanghai composite closed for a week long holiday in china. The other averages lower. Joining the conversation Bullseye American Ingenuity FundPortfolio Manager adam johnson. Fox news contributor and columnist for the messenger joe concha is your imposter of lansky and partners leak harder. Mornings with maria is live right now. Maria time for the hot topic of the hour. House republicans are scribbling to elect a new speaker this morning after eight gop lawmakers joined the democrats voting to oust Kevin Mccarthy. Fox Business CorrespondentHillary Vaughn covering the story in washington. Good morning. Republicans on capitol hill waking up with no speaker after ousting speaker Kevin Mccarthy they have no party leader or plans to pick a new party leader and tell an election next week. Former speaker Kevin Mccarthy saying last night that he thinks congressman matt gaetz who is the one who prompted the motion to vacate did so because he is a personal vendetta against him. We all know matt gaetz. You know it was personal and had nothing to do about spending and nothing to do about everything he accused somebody of he was doing i seen the text it was all about his ethics, that is alright. Case is under investigation by the Health Ethics committee and allegations in sexual misconduct, illicit drug use and Illicit Campaign money, mccarthy said not gates to campaign was lashing out to not putting a stop to the ethics investigation vacate onto matt gaetz denies that and says he doesnt know who should be speaker but mccarthy should not. Its totally false. And the most investigated man in the entire United States congress. Ive been clear by the fbi, the d. O. J. , the federal election, we should elect a new conservative trustworthy speaker immediately. This is not the time to go home for a week. We should stay at elected new speaker. One that is majority calling republicans overnight Steve Scalise. Meeting with a group of texas republican members today, powerful voting block Tony Gonzales announcing last night scalise has his vote, jim jordan could also be a pic if you were to launch a campaign, jordan is making calls getting a feel for where things f stand. Thomas massie backing jordan if he wants the job. Another name former president donald trump, texas congressman troy now says hell be nominating him and Marjorie Taylor greene, trump blasted republicans yesterday condemning them for the interparty drama telling them the focus on taking on democrats not targeting each other in sources telling fox the overnight republicans have been in touch with this idea the former President Trump to draft him for speaker in sources telling fox that trump might be open to taking the job at least on the shortterm. Maria i also heard the name Byron Donalds as well, is that a factor . We are seeing names pop up, because the boat is next week there is going to be a lot of names that pop up between now and then to really see where the party can coalesce, who they can coalesce behind. Maria thank you very much we will be following that. Hillary vaughn lets get some commentary. Lee, your thoughts. Its pretty unbelievable all of this happened is a big problem for republicans who promised to be the party of law and order and the Republican Party seems to be the party of chaos look at whats happening with donald trump and here its hard to know where stability lies and i think in this moment this couldve been a real moment for republicans to be taking a victory lap and republicans couldve done a lot of things besides having this fight. It makes the party look weak when you can have eight people basically overturned. The irony of all of this, matt gaetz as part of this that mccarthy made deals with democrats in order to settle and keep the government open. These eight made a deal with everyone of the democrats to get mccarthy out. I think it is not a good look. Maria part of the issue this group of republican conservatives want a heavier hand against the democrats and they wanted Kevin Mccarthy to do more to stop the reckless spending, stop the corruption. I dont know what more he couldve done, he started the committees by all accounts many people think he did a very good job. I think he did do a good job. What he did was also quite president ial in terms of figuring out nicely president ial because he showed leadership, figuring out a way to cross the aisle and get a spending deal done that republicans and democrats could support, there used to be a time in our history not so long ago that people would cross the aisle, Ronald Reagan did it i hate to give bill clinton credit but he was good at crossing aisle. Maria Newt Gingrich came up with the contract with america. For america. Theres a long list of potential replacements for mccarthy, the names being considered, new york august and elise stefanik, House MajoritySteve Scalise would be the number one behind kevin. He is now leader. Judiciary Committee Chairman jim jordan is being talked about for the congressman Byron Donalds. Some are suggesting former President Trump as you just heard. Texas congressman troy nails posted that on x, with florida congressman greg steube says he wants trump to be the speaker, your thoughts. It would be the greatest entertainment in the history of entertainment if donald trump is made speaker of the house. You have to be a member of congress to be a speaker, you could be speaker, anybody can be speaker, picture the state of the Union Address and the faces that donald trump would make behind joe biden during the state of the union to get for that alone i am rooting for this. However, all of that said elections do have consequences. The fact that republican only got the house by a slim margin may Kevin Mccarthys job almost impossible when you had the rebels within the caucus. The bottom line democrats control the senate and the white house and compromise had to be done thats a dirty word in washington as it was with reagan and clinton. Maria we have to agree that this idea that one member could throw you out. 75 of americans want to see more compromise this is not the way americans want to see the government run but it is the way the extreme wants to see and its really unfortunate. Democracy is messy and were to be on it. Will take a short break, mccarthy voted out as House Speaker, what does that mean for the impeachment inquiry against President Biden and the budget as consumers face another deadline congress is facing the deadline. 45 days to get the appropriation bills done. Ben cline is here to tell us more, dont miss that. You are watching mornings with maria live on fox business. Its not just designed to look good. Its built to command attention. Its not just a comfortable interior. Its a quiet refuge. Theyre not just headlights. They light the way forward. The new fully electric audi q8 etron models. Tech cracked windshield on your new car . Bring it to safelite. 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Were getting email fundraisers from him as he is doing it, join in quickly, that is not governing, that is not becoming a member of congress. Maria those california congressman, now former speaker of the house Kevin Mccarthy yesterday after eight republicans voted him out as speaker. The first house leader in American History to have his gavel taken away. North carolina congressman Patrick Henry is a temporary house leader until there is another elected. When we virginia congressman ben cline of the judiciary budget and the preparation committee. Thank you very much for being here. Where are we in the search for a new speaker. There could be a lot of conversations going on today in washington as members go home i wish we were staying here to elect a new speaker right now because time is short and we have a lot on our plate. The American People sent us here to get things done and we are driving this republican majority is driving down the field to use a football analogy because the players want to switch to quarterback during the drive does not mean we cant stop driving to address things like the border, the inflation rate, crime in our communities, all the Different Things challenging us right now that we could address in a deep bench as you said in your intro, will get a new speaker here shortly that will help us address this. Maria why arent you staying there to elect a new speaker . I dont know mchenry is the speaker pro tempore he made the decision to send us home for the weekend. There has been a lot of dissatisfaction with that. We would like to stay in washington to make sure we get it done. The continuing resolution that was adopted, i voted against it because i did not want to see a continuation of the pelosi policies. It expires in 42 days so we have got to get the job done. Weve only done half of the appropriation bills, with to get the other half finished and across to the senate and conferenced and set to the president before the government comes up on the new deadline. Maria i want to get to that and find out your thoughts on what needs to get done in terms of the appropriation bills and whats most important. I want to start with you on the judiciary committee. What is removing mccarthy as speaker into your investigations of the weaponization of the federal agencies and the biden influence peddling schemes weve been talking about everyday. Are those investigations in jeopardy . The information that i received in the Conference Meeting yesterday was Committee Activities can continue but all four activity stops. We still have two bills that appropriation have to get to the floor. Apparently we can work on those. But the bills that were sent to the floor, energy and water and legislative Branch Appropriation were supposed to be on the floor this week. They are not. Because the authority is so limited with Patrick Mchenry he cannot put those on the schedule for consideration. Most business has to stop until new speaker is elected. Hopefully we will have a new speaker that embraces the investigations and does not cut a deal with democrats to stop them. That is a fear that there is a rump group of disaffected moderates who decided they want to join democrats in taking control. That would be unacceptable. The American People want republicans in charge in the house and the majority of the conference is conservative so we have to conservative leadership in our conference. Maria what happened, was it just that mccarthy had to keep the government running and had to work with democrats to do that because he did not have the votes on the republican side . Walk us through exactly how this happened. There has been unhappiness building over the course of the summer about our spending bills, the fact that they were moving fast enough in extra time to get the job done and how we went about spending the fiscal year was a point of contention in those eight who decided to challenge the speaker essentially did not support the continuing resolution and for them it was a redline. And the rest of the appropriation bills went over the next 45 days before we made decisions about leadership but for the eight there part of a team member to continue to move forward as a team and replacing the quarterback right now may be a challenge but democracy is messy and were going to get the job done. Maria democracy is messy. Event to the government sector run out of money in midnovember, yet the 42 days now and the member of the Appropriation Committee one question how come this was not done september 30. What happened that kept stopping these bills from coming to the floor and getting marked up, whats most important in terms of the remaining appropriation bill that you need to get done can you address on 42 days. I think we can but we have to focus and Kevin Mccarthy made a promise at the beginning of his tenure in january that we were to get the 12 appropriation bills passed through the house and regular order and we needed extra time to get it done and to some including the eight that was not regular order but the debt ceiling negotiation really push the calendar forward and this summer we did not move as aggressively in july as we should have. Ill leave it to the leadership to decide why we didnt do that. We went home for august break. We probably shouldve stayed to get the appropriation bills d done. Theres a lot of hindsight looking back at what couldve been done differently but we are where we are and were going to move forward as a team united to address these appropriation bills in the remaining days and a way to shut down here in october. Maria let me just ask you real quick who do you want to see a speaker. Fortunately we have a great number of candidates as you s said, the bench is deep to use a football analogy and joe concha gave us the visual of the day with donald trump sitting behind joe biden and i chuckled when i heard that. There are a lot of candidates that will be discussed today in over the weekend. We hope to have what are the great leaders as our new speaker next week. Maria thank you we will be watching all of that. Ben cline. Thank you so much. A quick break markets are moving after Kevin Mccarthy was removed of House Speaker, were looking ahead to major week of jobs we have the adp report out this morning at 8 15 a. M. Eastern, Keith Fitzgerald is here with expectations. Plus i spoke with the leading bond investor the ceo and cio of doubling capital Jeffrey Gundlach, hes going to be joining us on markets, the academy and spiking Interest Rates. Don