Joe Biden holds a solid lead over Donald Trump, as suburban and senior voters offset firmer GOP support for the president, today's IBD/TIPP 2020 election poll update finds.
The latest IBD/TIPP Trump vs. Biden poll update shows the Democratic challenger leading the Republican incumbent by 7.1 points, 50.3%-43.2%, in a four-way presidential poll of likely voters. Libertarian candidate Jo Jorgensen has the support of 2.3%, and Green Party candidate Howie Hawkins 1.2%.
2020 Election Poll Trend: Four-Way Race
Since the IBD/TIPP 2020 Presidential Election Tracking Poll launched on Monday, Oct. 12, Biden's support has dipped from 51.9% to 50.3% in a four-way race. Trump poll numbers have been relatively stationary, dipping from 43.4% to 43.2%. Biden's lead peaked at 8.6 points on Tuesday and fell to 5.2 points on Thursday.
Support for third-party and other candidates has climbed. Meanwhile, more voters are declining to say whom they support.
Head-To-Head Trump Vs Biden Poll
In a head-to-head Trump vs. Biden poll, the Democratic nominee leads by 7.5 points, 50.4%-42.9%.Biden's support has slipped 2.3 points since Monday in the one-on-one matchup, while Trump's support is up 0.6 point.
For more details, check out the IBD/TIPP 2020 Election Poll page.Daily Tracker
2020 Presidential Poll: Party Breakdown
Joe Biden holds a 46%-37% lead among likely independent voters in IBD/TIPP's latest presidential poll update. Yet Trump is now having a slightly easier time corralling Republicans than Biden is having in nailing down Democratic votes. Biden leads 93%-5% among Democrats. Trump leads 94%-4% among Republicans.
Among people who voted for Trump in 2016, 7% say they'll vote for Biden. Just 2% of Hillary Clinton voters back Trump this year. Meanwhile, Biden gets more support than Trump among 2016 third-party voters (35%-29%) and nonvoters (59%-28%).
2020 Election Poll: Still No Sign Of 2016 Repeat, But It's A Race
In 2016, almost all presidential election polls pointed to a Hillary Clinton victory over Donald Trump. The IBD/TIPP Poll was one of only two election polls credited with predicting President Trump's 2016 surprise showing. TIPP, IBD's polling partner, succeeded in picking up on the greater enthusiasm among Republicans for their candidate.
The latest IBD/TIPP Trump vs. Biden poll has some stark contrasts with the Trump vs. Clinton race. Biden's 9-point lead among independents in the latest IBD/TIPP 2020 election poll is a big turnaround from 2016. Trump carried independents 43%-42% in 2016, according to a postelection Pew Research survey of verified voters.
Biden's support is just above 50%, while Clinton never approached majority support. However, now that more GOP voters are sticking with Trump, the president has a fighting chance. The Oct. 22 debate, a coronavirus resurgence as well as progress toward a medical breakthrough, the Supreme Court nomination fight and the fate of fiscal stimulus negotiations could all shape the Trump vs. Biden race's final weeks. The unprecedented level of mail-in voting, which brings the potential for disqualified ballots, is a wild card.
Yet, despite the tightening of the IBD/TIPP Biden vs. Trump poll, Trump will likely need at least a partial solution to his troubles among seniors and suburban voters.
Trump's Electoral College victory in 2016 came despite losing the popular vote by 2.1%. However, no candidate has won the presidency with a bigger popular vote deficit since 1874, when Rutherford B. Hayes lost by 3%.
The RealClearPolitics average of 2020 presidential polls shows that Biden's lead has grown from 6.6 points before the first debate and Trump's coronavirus case to 8.9 points currently.
Trump Vs Biden Poll: Suburbs Back Challenger
Urban voters prefer Biden by an 18-point margin, the IBD/TIPP 2020 election poll update finds. Meanwhile, rural voters back Trump by a 19% margin. That's similar to 2016's divide, though neither margin is quite as big.
Yet the suburbs may be shaping up to be the big difference this year. The IBD/TIPP presidential poll shows suburban voters back Biden vs. Trump, 55% to 38%. By comparison, exit polls from 2016 show Trump won the suburbs, 50%-45%.
That explains why Trump made a blunt appeal to suburban voters — particularly suburban women — while campaigning in Pennsylvania on Tuesday. "Suburban women, will you please like me? Please. Please. I saved your damn neighborhood, OK?"
Trump was referring to a fair-housing regulation adopted by President Obama's administration and later rolled back by Trump. The rule altered criteria for awarding federal funds to overcome historic patterns of segregation.
Seniors Split From Trump
Senior citizens are another key group Trump carried in 2016 that have swung to Biden. Seniors back the former vice president, 57%-39%, in IBD/TIPP's latest 2020 election poll update. Trump won among senior citizens in 2016, 53%-44%, Pew says.
Meanwhile, Biden is leading Trump among voters age 18-44, 51%-38%, in the IBD/TIPP presidential poll update. Trump leads Biden, 51%-45%, among voters 45-64.
President Trump is trying to shore up support among seniors, who are far more susceptible to the coronavirus and who have been critical of his handling of the pandemic. Last week, Trump pledged that he would provide free access to the Regeneron Pharmaceuticals (REGN) antibody drug that he credits with restoring him to full health. The Trump administration also is getting ready to send out drug cards worth $200 to tens of millions of seniors.
More 2020 Election Poll Demographics
The IBD/TIPP 2020 election poll shows Trump winning among men, 48%-44%, more narrowly than his 11-point advantage in 2016. Meanwhile, women favor the Democrat by 55%-39% in the latest Trump vs. Biden poll update, just above Trump's 15-point deficit among women in 2016.
White voters favor Trump, 50%-44%, but they backed him by a 15-point margin in 2016, the IBD/TIPP 2020 presidential poll update finds.Black voters back Biden, 86%-10%, in today's presidential poll update. Trump trails Biden among Hispanics, 28%-64% in the latest IBD/TIPP 2020 election poll. In 2016, Trump lost among Hispanic voters, 28%-66%.
More data on the income, religion and education of voters in the Biden vs. Trump poll can be found at the main IBD/TIPP tracking poll page.
What Investors Think Of Biden Vs Trump
Self-described investors, with at least $10,000 in household-owned stocks or mutual funds, favor Biden, 52%-43%. The final 2016 IBD/TIPP presidential poll showed Trump winning the group, 48%-42%.Meanwhile, the latest Trump vs. Biden poll update shows noninvestors back the Democratic nominee, 49%-43%.
Regardless of their own voting preferences, investors seem to be warming to a Biden presidency and potential Democratic sweep. That would likely mean higher corporate taxes and higher taxes on investment gains. Yet this month's stock market rally has come as a Biden victory has looked more likely. Wall Street may be relieved that an extended court fight over the election's outcome may be avoided. The 2000 recount coincided with a stock market pullback of nearly 10%. Investors also are hopeful that a Democratic boost in federal spending will offset any downside from tax hikes and more regulation.
So far, Wall Street seems to be ignoring Trump's warning that stocks would face a reckoning under Biden. Trump tweeted on Monday, "Remember, Stock Market at an All Time High, and going up. 401k's at RECORD. With Sleepy Joe comes Tax Increases, jobs losses and DEPRESSION like never seen before!!! VOTE!!!"
Biden Vs Trump Poll: Whose Voters Are More Committed?
How secure is Joe Biden's advantage over Donald Trump? A number of questions in the IBD/TIPP 2020 election poll try to tease that out.
President Trump has a slight advantage when it comes to voter intensity. Among those who intend to vote for Trump, 74% back him strongly, vs. 70% among intended Biden voters.
The IBD/TIPP presidential poll finds that 9% of likely voters say they're at least somewhat likely to change their mind before Election Day. Among Trump backers, 10% say they may change their mind, while 8% of Biden voters are still up for grabs.
Despite Biden's solid 2020 election poll lead, just 38% of voters expect him to win, while 36% think Trump will prevail. Meanwhile, 47% think most of their neighbors will vote for Trump, and just 36% think their neighbors will mostly back Biden.
Meanwhile, 31% of Biden voters say they've already voted, vs. 13% of Trump voters. Only 37% of Biden supporters plan to vote on Election Day, but 68% of Trump backers plan to do so.
IBD/TIPP 2020 Election Poll Details
The daily update of the IBD/TIPP 2020 election poll reflects a survey of 1,173 registered and 1,009 likely voters, from Oct. 12 through Oct. 16. The weighted party split of likely voters includes 387 Democrats, 330 Republicans and 294 independents.
The Biden vs. Trump poll likely voter sample has a credibility interval of +/- 3.2 percentage points. IBD's polling partner TechnoMetrica applies a multimodal approach using "traditional" telephone methodology, with live interviewers supplemented by online surveys. Each day approximately 200 interviews with registered voters are conducted, of which 125 are from telephone and 75 from online. In the telephone sample, roughly 65% of interviews come from a cellphone sample and 35% from a landline sample.
Please follow Jed Graham on Twitter @IBD_JGraham for coverage of economic policy and financial markets.