Free Trial
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.
US
President Biden's approval rating has continued to plunge with a number of negative recent surveys. According to RealClearPolitics, Biden's approval rating of 40.8% is the lowest he has experienced since July 2022 - the height of uncertainty over energy prices and inflation.
- Biden's plunging approval, and persistent concerns over his age and competence, has prompted questions over the possibility Biden could step aside or receive a credible primary challenge.
- With around 14 months until the election, the timeline for Biden to step aside is exceedingly tight but not impossible. California Governor Gavin Newsome (D-CA), Michigan Governor Gretchen Whitmer (D-MI), Pennsylvania Governor Josh Shapiro (D-PA), Georgia Senator Raphael Warnock (R-GA), and Illinois Governor JB Pritzker (D-IL) are amongst those circulated as potential Biden alternatives.
- Such a scenario is highly unlikely so deep into a primary campaign season but not impossible. If Biden's number continues to sink relative to a resurgent campaign of former President Trump the White House may have to consider the possibility of a Biden-led, carefully orchestrated, transition into an open primary.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok