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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.
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According to RealClearPolitics, President Biden is set to finish the week with the lowest net approval rating (-16%) he has experienced since August 10, 2022.
- The continued drift in Biden's approval comes amid a hectic week of public appearances at the APEC summit which may reflect poorly on his approval in the coming weeks as voter concerns over Biden's age and physically capacities tend to increase with exposure.
- A Quinnipiac poll released this week saw Biden's approval drop from 39% to the 37% since November 1, perhaps reflecting soft support from Democrats over Biden's handling of the Israel-Gaza war.
- The poor run of polling, particularly in battleground states, has intensified speculation that Biden may be pressed to step aside to clear the path for a more "electable" candidate.
- Betting markets see California Governor Gavin Newsom (D-CA) as the most credible candidate to replace Biden although it remains an low-probability this late in the campaign.
- News outlets have highlighted a seemingly ad-libbed remark from Biden this week stating of Newsom, "he could be anything he wants. He could have the job I’m looking for,” as evidence that Newsom may be in the equation, should Biden's support continue to crater.
- ElectionBettingOdds has programmed a new tracker suggesting that Newsom (70%) is significantly more electable than Biden (40%).
Figure 1: President Biden Approval Rating
Source: RealClearPolitics
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.
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