JPMorgan's Michael Cembalest predicts President Biden's possible withdrawal due to health issues from the 2024 race, sparking discussions. Concerns about Biden's approval ratings, successor, and Vice President Harris arise, while alternative Democratic candidates emerge. Questions persist about Biden's age impacting his candidacy against Trump's looming influence in potential matchups.
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00:00 JP Morgan's renowned strategist Michael Symbalist has stirred a debate by forecasting President
00:06 Biden's possible withdrawal from the 2024 presidential race, citing health concerns.
00:12 The prediction has ignited speculations about Biden's future decisions and its impact it
00:17 could have on the democratic landscape.
00:20 The period between Super Tuesday and November is considered to be pivotal for presidential
00:24 primaries.
00:25 Symbalist suggests that the Super Tuesday, slated for 5 March, holds significant importance
00:31 as a candidate who performs well during this time often emerges as a robust contender for
00:35 the democratic nomination.
00:37 However, the time frame could potentially influence Biden's contemplation about his
00:41 candidacy.
00:43 Symbalist also naligns Biden's diminishing approval ratings despite doubting a claimed
00:47 10 per cent job creation since his inauguration.
00:50 The strategist attributes these employment figures to the successful vaccine rollout
00:54 and the reopening of the US economy.
00:57 However, Biden continues to confront challenges maintaining a high disapproval rating which
01:02 raises concerns regarding his electoral aspects.
01:05 While the prediction points towards Biden stepping back, Symbalist also refrains from
01:09 identifying any sort of successor for the Democratic Party.
01:13 The ambiguity has sparked concerns and conjectures about the potential contenders for the nomination.
01:19 The public perception of Vice President Kamala Harris has also become another focal point
01:23 in focus.
01:24 Harris faces dissatisfaction from over half of the populace regarding her job performance.
01:29 This contributes to the complexity of the democratic landscape and potentially impacts
01:32 the party's future choices.
01:35 Among the declared democratic candidates, Representative Dean Phillips and author Marian
01:39 Williamson have entered the political arena, engaging in debates and discussions.
01:44 Simultaneously, Robert F. Kennedy aims to run for an independent run, reflecting the
01:49 evolving democratic field and offering choices for voters.
01:53 The concerns regarding Biden's age and mental acuity have persisted, influencing discussions
01:57 about the position as a democratic candidate.
02:00 Although polls indicate a significant preference of Biden among the three out of four Democrats,
02:04 uncertainty about his electability lingers considering his age-related concerns.
02:10 Meanwhile, the former President Donald Trump maintains a strong position in the hypothetical
02:14 matchup against the GOP contenders.
02:17 Current public opinion surveys suggest that if an election were to held at present, Biden
02:21 is surely going to lose to Trump, hinting yet another electoral path challenge for the
02:26 Democratic Party.
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