Monmouth University Polling Institute admitted Wednesday that it's most recent Democratic primary poll appears to be an outlier.
The poll quickly gained attention when it was released Monday because the results were a far cry from previous polls done by both Monmouth and other polling organizations. Specifically, it showed the frontrunner, former Vice President Joe Biden, falling 13 percent to a statistical tie with Senators Bernie Sanders and Elizabeth Warren.
"It occurs very infrequently, but every pollster who has been in this business a while recognizes that outliers happen. This appears to be one of those instances," Patrick Murray, director of the institute wrote in a statement on Wednesday.
The poll was notable because it was one of the final polls the Democratic Party used to determine which candidates will qualify to take the stage during the party's third debate in early September. Biden, Sanders, and Warren have already met the requirements.
On Tuesday, before Monmouth announced that the poll may not be the best indicator of public opinion, Murray told Cheddar that Democratic-leaning voters might be "second guessing" the former vice president.
"Voters are now searching for: who do I think is the best candidate for me, for the issues that I stand for, and also, for beating Donald Trump. Maybe they're second guessing Joe Biden," Murray said.
On Wednesday, after the poll was deemed an outlier, Murray issued a statement to Cheddar that still indicated his belief that Biden is largely finding success because of his name recognition.
"While the horse race results of our poll are different from other national polls, the underlying dynamics of the race remain that a large proportion of Biden's support is based on name recognition and perceptions of electability," he said.
Murray added: "Voters are starting to tune in and may cast about. They could end up sticking with Biden in the end, but it remains a sign that his support is based on a different set of priorities than it is for voters who back other candidates."
The Monmouth poll released Monday was based on 298 registered voters who identified as Democrats or lean toward the Democratic party, with a +/- 5.7 percent point margin of error.
On Wednesday, another set of DNC-approved qualifying polls were released. Both the USA Today/Suffolk University poll and Quinnipiac University poll show Joe Biden in the lead at 32 percent with Warren and Sanders in second and third by significant margins.
Biden's Deputy Campaign Manager and Communications Director Kate Bedingfield told MSNBC Tuesday, "He is leading in the polls, to be clear."
Inflation remains hot as the January PPI has increased by 1 percent, twice what analysts had been expecting with a jump of 9.7 over the year. Beth Ann Bovino, the U.S. chief economist, for S&P Global Ratings, joined Cheddar News to discuss the rapid pace of inflation alongside higher wages, predicting the Federal Reserve will act quickly and forcefully this year. "They haven't changed their forecast, yet, that's gonna come out soon. But we expect that a March rate hike is basically pretty much baked in the cake," she said. "We think six rate hikes in total for 2022."
For black history month, Cheddar is highlighting black business leaders who are driving the need for representation forward. On February 10, the U.S. Chamber of Commerce hosted an event called 'Developing the Black-Owned Business Ecosystem.' The virtual event was organized under the lobbying group's two initiatives -- the Equality of Opportunity Initiative, and the Coalition to Back Black Businesses. The event highlighted the developments needed to develop more black-owned businesses in the U.S. Dr. Anthony Wilbon, Dean of the School of Business at Howard University, joined Cheddar News' Closing Bell to discuss his experience as a speaker at the event.
A newly declassified letter by senators Ron Wyden and Martin Heinrich claimed the CIA. has been conducting a Secret Surveillance Program which has been collecting a bulk of data from American citizens. The letter which was written in April of 2021 urges the CIA to come clean about the kind of data it collects and how many Americans have been impacted. According to these two senators, the program did not have the safeguards of congressional oversight.
Art Hogan, Chief Market Strategist at National Securities, joined Cheddar News' Closing Bell, where he says investors are taking a wait-and-see approach when it comes to the situation between Russia and the Ukraine and elaborates on the impact higher oil prices stemming from the conflict would have on the market.
Last week, Senators Ron Wyden of Oregon and Martin Heinrich of New Mexico, Democrats on the Senate Intelligence Committee, wrote a a letter airing concerns that the CIA is collecting the data of American citizens without their consent. The lawmakers fear that the program might be exploiting private data. Morgan Wright, the chief security advisor at cybersecurity firm SentinelOne, joined Cheddar News to discuss the ramifications of the letter. "We don't have all the dots in one place to connect them," said Wright, cautioning against jumping to conclusions.
Russian President Vladimir Putin and his Foreign Minister Sergey Lavrov said that diplomacy is still possible, while U.S. officials warn that an attack on Ukraine is imminent. Cheddar News speaks with James Astill, Washington bureau chief of The Economist on the latest developments in Eastern Europe.
As the number of Russian troops rose to 130,000 along its Ukrainian border, hopes for a diplomatic solution remain among world leaders. Jason McMann, head of geopolitical risk analysis at Morning Consult, joined Cheddar News to break down the fluid situation. "We saw signs pointing towards an increase in tensions between Ukraine and Russia, whereas today we're seeing some signs that the Russian government may be willing to continue down a path of diplomatic negotiations to try and find some sort of non-military solution," he said.
Nancy Pelosi and House Democratic leaders are now planning to amend the stop trading on congressional knowledge act, otherwise known as the 'Stock' Act. This 2012 law governs how members disclose the purchase or sale of stocks and amending it would close a loophole, eliminating the trading of individual stocks by members of congress. Pelosi has consistently opposed a ban on stock trading by lawmakers and congressional staff...so what's changed? Kedric Payne, Vice President of Campaign Legal Center, joins Cheddar News to discuss.
In a 5-4 vote, the U.S. Supreme Court allowed for a controversial new version of the Alabama congressional map to remain in place. The lower court had previously ordered that the state must redraw that congressional map because it violates the Voting Rights Act by diluting the political power of Black voters. Redistricting expert Yurij Rudensky joins Cheddar News to weigh in.
