Photos: Jim Watson/AFP via Getty Images; Tasos Katopodis/Getty Images

The Cook Political Report on Wednesday updated its Electoral College forecast to give Joe Biden a decisive edge in the presidential contest, suggesting that November could bring more of "a Democratic tsunami than simply a blue wave."

Why it matters: Cook's forecast, which says 279 electoral votes are at least leaning toward the former vice president, ponders that Trump may be "close to the point of no return," with some analysts the group spoke to wondering if the president now faces "a permanent loss of trust and faith of the majority of voters."

Cook's latest moves:

  • Wisconsin, Pennsylvania and Nebraska’s 2nd congressional district went from "toss up" to "lean Democrat." It similarly moved Michigan, a center of Trump's white, working-class base, to "lean Democrat" last month.
  • Maine moved from "lean Democrat" to "likely Democrat." And its 2nd congressional district, which grants its electoral vote separately, moved from "likely Republican" to "lean Republican."
  • Georgia moved from "lean Republican" to "toss up."

Worth noting: It's only July — and Cook says as much — but Trump has recently dug in with his law-and-order approach that caters to his base.

  • It also notes the uncertainty surrounding the actual act of voting in November amid the coronavirus pandemic, as the president continues to push against the idea of mail-in voting with unsubstantiated claims of voter fraud.

Go deeper

Lindsey Graham raises $28 million in third quarter

Photo: Susan Walsh/Pool/AFP via Getty Images

Sen. Lindsey Graham (R-S.C.) announced Tuesday his campaign raised $28 million in the third quarter — a quarterly fundraising record for Republican Senate candidates, but less than half of the staggering $57 million his Democratic challenger Jaime Harrison raised.

Why it matters: Graham, a close ally to President Trump and the chair of the powerful Senate Judiciary Committee, is facing the toughest re-election battle of his Senate career.

The top Republicans who aren't voting for Trump in 2020

Photo: Brendan Smialowski/AFP via Getty Images

Maryland Gov. Larry Hogan said last week that he cannot support President Trump's re-election.

Why it matters: Hogan, a moderate governor in a blue state, joins other prominent Republicans who have publicly said they will either not vote for Trump's re-election this November or will back Biden.

Dion Rabouin, author of Markets
Oct 15, 2020 - Politics & Policy

Wall Street certainty grows as polls show Biden with sizeable lead

Adapted from Deutsche Bank using Real Clear Politics and Gallup polling data; Chart: Axios Visuals

The U.S. presidential election is 19 days away and investors are growing increasingly certain of a Joe Biden victory, as the former vice president has maintained and added to his sizable lead over President Trump in national polling and betting odds.

What's happening: Biden's edge recently rose above 10 percentage points, according to polling averages from FiveThirtyEight and Real Clear Politics, an important milestone.