Mar 3, 2020 - Economy & Business

Investors are warily eyeing Bernie Sanders' Super Tuesday performance

Dion Rabouin, author of Markets
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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

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Illustration: Sarah Grillo/Axios

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