MNI BRIEF: Canadian Firms' Price Plans Lowest In 3 Yrs- CFIB

MNI China Daily Summary: Thursday, June 27

MNI BRIEF: CNB Cuts 2W Repo Rate By 50Bps To 4.75%

MNI BRIEF: China EU In Close Communication - MOFCOM

MNI BRIEF: China To Hold Key Third Plenum On July 15-18

EC Expected Employment Continues To Gradually Soften

Core Durables Remain Soft, Reinforcing Subdued Goods Production Outlook

Canada April Payroll Wage Growth Slows To 3.7%, Employment -0.1%

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's Approval Rating Sinks Further, Despite More Positive Polling Outlook

US
Homepagemarkets-real-timePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

President Biden's approval rating has sunk to a new low of 37.4%, eclipsing a record-low of Biden's presidency set last week, according to the polling aggregator at 538.

  • Biden's persistent slow decline in approval is a red flag for the Biden campaign, pointing at a disconnect between White House messaging and voters, and suggesting that a recalibration of the presidential election race in the wake of former President Donald Trump's criminal conviction in Manhattan may not result in a boost for Biden's approval.
  • Biden's sagging approval also appears to run counter to some more positive polling on key issues. Newsweek flags a series of polls pointing to a brighter political environment for Biden. And a Financial Times/University of Michigan’s Ross School of Business survey found that Biden has closed the gap to Trump on trust with the economy, noting it is, "one of the first signs that months of strong economic data may finally be boosting the president’s re-election prospects."
  • FT: "Trump’s lead among registered voters who were asked which of the two candidates they trusted more to handle the economy was just four points in June, down from 11 in February."

Figure 1: President Biden Approval Rating

Keep reading...Show less
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.

President Biden's approval rating has sunk to a new low of 37.4%, eclipsing a record-low of Biden's presidency set last week, according to the polling aggregator at 538.

  • Biden's persistent slow decline in approval is a red flag for the Biden campaign, pointing at a disconnect between White House messaging and voters, and suggesting that a recalibration of the presidential election race in the wake of former President Donald Trump's criminal conviction in Manhattan may not result in a boost for Biden's approval.
  • Biden's sagging approval also appears to run counter to some more positive polling on key issues. Newsweek flags a series of polls pointing to a brighter political environment for Biden. And a Financial Times/University of Michigan’s Ross School of Business survey found that Biden has closed the gap to Trump on trust with the economy, noting it is, "one of the first signs that months of strong economic data may finally be boosting the president’s re-election prospects."
  • FT: "Trump’s lead among registered voters who were asked which of the two candidates they trusted more to handle the economy was just four points in June, down from 11 in February."

Figure 1: President Biden Approval Rating

Keep reading...Show less