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Investors are warily eyeing Bernie Sanders' Super Tuesday performance

Dion Rabouin, author of Markets
Expand chart
Data: PPIC Statewide Survey; Note: 535 surveyed by household income, 573 of all likely voters. ±5.7 percentage point margin of error; Chart: Andrew Witherspoon/Axios

With Amy Klobuchar and Pete Buttigieg out of the 2020 U.S. presidential race, today's primaries will be a major test for Joe Biden and Bernie Sanders.

Why it matters: For the markets, Sanders' economic policy proposals and anti-Wall Street rhetoric are seen as a major potential negative for the stock market and a good showing could put him one step closer to the Democratic party nomination and the presidency.

What's happening: Sanders has a commanding lead in California, which has by far the most delegates of any state voting today.

  • A recent survey from Public Policy Institute of California (PPIC) shows Sanders with a wide lead.
  • The latest CBS News Battleground Tracker/YouGov poll also shows Sanders with a significant advantage, at 31%, with Biden at 19%, Elizabeth Warren at 18% and Mike Bloomberg at 12%.
  • Polls also show Sanders with a sizeable lead in Texas, which holds the second highest number of delegates.

Be smart: Only candidates who receive 15% of the vote will get a share of the state's delegates.

  • The PPIC study also asked respondents who their second choice would be and Warren led with 22%, followed by Sanders with 19%.
  • Biden, who received endorsements from Klobuchar and Buttigieg Monday night, got 13% of second place votes, while Bloomberg received just 9%.

Go deeper: Inside the Bernie economy

Go deeper

Erica Pandey, author of @Work
1 hour ago - World

Remote work shakes up geopolitics

Illustration: Eniola Odetunde/Axios

The global adoption of remote work may leave the rising powers in the East behind.

The big picture: Despite India's and China's economic might, these countries have far fewer remote jobs than the U.S. or Europe. That's affecting the emerging economies' resilience amid the pandemic.

Go deeper (1 min. read)Arrow
Fadel Allassan
2 hours ago - Politics & Policy

Trump gives Biden access to presidential intelligence briefings

Photo: Mark Makela/Getty Images

The Trump White House on Tuesday gave President-elect Biden access to daily presidential intelligence briefings, a source familiar with the matter tells Axios.

Why it matters: Trump has refused to share the briefs until now, as he continues to challenge the result of the election and declines to concede. The president's acquiescence comes as another sign that the transition to a Biden administration is taking place.

Go deeper (<1 min. read)Arrow
Alexi McCammond
4 hours ago - Politics & Policy

AOC and Ilhan Omar want to block Biden’s former chief of staff

Reps. Ilhan Omar and Alexandria Ocasio-Cortez. Photo: Brendan Smialowski/Getty Images

Reps. Alexandria Ocasio-Cortez and Ilhan Omar are boosting a petition against Joe Biden nominating his former chief of staff to a new role in his administration, calling Bruce Reed a "deficit hawk” and criticizing his past support for Social Security and Medicare cuts.

Why it matters: Progressives are mounting their pressure campaign after the president-elect did not include any of their favored candidates in his first slate of Cabinet nominees, and they are serious about installing some of their allies, blocking anyone who doesn't pass their smell test — and making noise if they are not heard.

Go deeper (2 min. read)Arrow

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