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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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BRIEF: EU Debt Plans Over-Optimistic On Growth-ECON Testimony
Senator Hickenlooper Says Biden Exit Would Be In "Best Interests Of Country"
Senior Democrat Senator John Hickenlooper (D-C) told Reuters, "there are growing indications that a Biden exit from the presidential race would be good for America," but stopped short of directly calling on Biden to step aside.
- Reuters: Asked about Biden potentially stepping aside, Hickenlooper said: "That's his decision to make, but certainly there's more and more indications that that would be in the best interests of the country, I think."
- Reuters: "Hickenlooper said feedback from his constituents in Colorado - not donors, he said, and not insiders - showed overwhelmingly that average Democratic voters wanted Biden to step aside," undercutting a Biden camp argument that rebellion is driven by party elites.
- So far, Peter Welch (D-VT) is the only Senator to publicly call on Biden to withdraw, but high-profile Rep Adam Schiff (D-CA), favourite to win the California Senate seat in November, issued a statement yesterday urging Biden to "pass the torch" to another candidate.
- The statement, which likely came with the backing of former House Speaker Nancy Pelosi (D-CA), was widely seen as providing cover for more senior Democrats to publicly state their objections.
- Polymarket now shows the implied probability of Biden dropping out at 67% - a 32% uptick from yesterday, prior to Schiff's statement and Biden's COVID-19 diagnosis.
- More analysis on the Democrat rebellion in today's edition of the MNI US Daily Brief. With around two weeks until Biden is expected to be formally confirmed as Democrat nominee, the next few days will be crucial if Democrats are to force a Plan B.
To read the full story
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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.