Free Trial

Governors United Behind Biden As Democrats’ Presidential Candidate

US

President Biden has just held talks with Democratic governors following pressure to stand down after his underwhelming debate performance and the subsequent drop in polls. The meeting statement was clear though that they stand behind him as November’s election candidate and they will do everything they can to win. Minnesota’s Governor Walz said that Biden is fit for office. At this stage, it seems very unlikely that he will step aside.

  • PredictIt pricing has also shifted sharply since last week with the chance of Biden winning the November election halving to 24% between June 24 and July 3 and down another percentage point today. Vice President Harris’ chances rose sharply following the debate and are up another 15pp to 45%, 22pp ahead of Biden. Both are well behind Trump on 58%, up 6pp since June 24. The Republicans are still set to win with a 58% likelihood compared with the Democrats’ 45% (+1pp).
  • Bloomberg is reporting that some Democratic National Committee delegates want more time before making Biden’s nomination official.
  • Walz admitted that “Thursday night was a bad performance … but it doesn’t impact what I believe he’s delivering”.
  • Those governors seen as most likely to replace Biden, including Newsom and Whitmer, didn’t comment to the press following today’s meeting.
% US presidential candidate winning

Source: MNI - Market News/PredictIt

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.