CANADA FLASH MAY GDP +0.1% ON FACTORIES AND REAL ESTATE

MNI China Daily Summary: Friday, June 28

MNI BRIEF: PBOC Pledges to Curb Any Overshoot Of The Yuan: MPC

MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

CHINA PBOC CONDUCTS CNY50 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1268 Fri; -0.32% Y/Y

MNI: BAKER HUGHES US RIG COUNT 581; OIL RIGS 479; GAS RIGS 97

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK Bond Supply Calendar: BoE APF on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Biden Has No Plans To Drop Out Of Presidential Race

US
Homepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange BulletsPolitical Market News

CNN's Kayla Tausche reporting on X that President Biden does not plan to drop out of the presidential race and, "remains committed to a second debate in September," per a White House adviser.

  • The report comes amid intense calls from across the Democratic establishment and liberal media for Biden to withdraw from the race due to concerns that his performance at the first presidential debate may have irreversibly shifted the dial towards former President Donald Trump. Considering the extent of Biden's cognitive struggles at the debate, it is difficult to see any pathway to winning re-election, if he remains in place.
  • The White House response is not unexpected, and does not preclude the now strong possibility that Biden could still reverse tack and withdraw his candidacy before the Democratic Party Convention on August 19-22.
  • Prediction markets currently still see Biden's withdrawal as less likely than his staying in place. However, this may change over the coming week as a major recalibration of the polling environment is expected to come.
  • White House Press Secretary Karine Jean-Pierre is due to brief the press at around 13:40 ET 18:40 BST. It will be the first opportunity for scrutiny of White House strategy.
198 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

CNN's Kayla Tausche reporting on X that President Biden does not plan to drop out of the presidential race and, "remains committed to a second debate in September," per a White House adviser.

  • The report comes amid intense calls from across the Democratic establishment and liberal media for Biden to withdraw from the race due to concerns that his performance at the first presidential debate may have irreversibly shifted the dial towards former President Donald Trump. Considering the extent of Biden's cognitive struggles at the debate, it is difficult to see any pathway to winning re-election, if he remains in place.
  • The White House response is not unexpected, and does not preclude the now strong possibility that Biden could still reverse tack and withdraw his candidacy before the Democratic Party Convention on August 19-22.
  • Prediction markets currently still see Biden's withdrawal as less likely than his staying in place. However, this may change over the coming week as a major recalibration of the polling environment is expected to come.
  • White House Press Secretary Karine Jean-Pierre is due to brief the press at around 13:40 ET 18:40 BST. It will be the first opportunity for scrutiny of White House strategy.