Trump Approval Plummets as Midterm Polls Suggest Republican Losses

Overview of the Poll

The Financial Times conducted a poll of 2,275 registered voters online from October 2 to 4, surveying their opinions on Donald Trump's approval rating. The poll found that 34% of voters approve of Trump, while 66% disapprove. This low approval rating is particularly concerning for Republicans ahead of the midterms.

Factors Affecting the Vote

Several factors have contributed to Trump's low approval rating, including inflation, the economy, and jobs. The Consumer Price Index (CPI) rose 3.4% in the 12 months to August, while energy costs climbed 16.3% over the same period. The Bureau of Labor Statistics reported 29,000 new jobs for September, but the agency also cut its July and August estimates by a combined 60,000 jobs.

Impact on Republican Candidates

The poll found that 45% of voters believe Trump is making it harder for Republican candidates to win. This perception is likely to hurt Republican candidates in the midterms, as many voters are turning against Trump.

Market Predictions

Prediction markets line up with the poll's findings. Polymarket gives Democrats a 91% chance of taking the House, while a separate balance-of-power contract prices a Democratic sweep of both chambers at 62%. A Republican sweep sits at 9% on total volume of $22.2 million.