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Election Countdown: Obama returns to campaign trail for Biden as Trump rallies in North Carolina

Former President Barack Obama will stump for Joe Biden in Philadelphia on Wednesday, marking his first in-person campaign event this year, as President Donald Trump is set to appear at his latest swing-state rally. Read More...

Former President Barack Obama will stump for Joe Biden in Philadelphia on Wednesday, marking his first in-person campaign event this year, as President Donald Trump is set to appear at his latest swing-state rally.

Obama will speak at 5:45 p.m. Eastern at a drive-in rally, where socially distanced supporters listen inside their cars over the radio. The Biden campaign said the former president will specifically address Black voters and speak about the importance of early voting. Biden himself is preparing for Thursday’s debate with Trump.

Now read:Thursday’s presidential debate looks like the last-chance saloon for Trump, analysts say.

Also see:Climate change and COVID-19 to feature in final debate between Trump and Biden — when and where to watch.

Obama’s visit to Pennsylvania comes a day after Trump held a rally in the same state, and speaks to the Keystone State’s status as a tight battleground with less than two weeks until the election. Biden leads Trump by just under four points in Pennsylvania, according to RealClearPolitics’ poll average.

Data point
Polling avg. in top swing states Biden +4 as of Wednesday vs. Biden +4.9 a week ago
National polling avg. Biden +8.5 as of Wednesday vs. Biden +9.2 a week ago
Betting markets Biden 61.9%, Trump 38.4% as of Wednesday vs. Biden 65.9%, Trump 34.5% a week ago
S&P 500 +0.1% Wednesday, +6.4% in 1 month
CBOE Volatility Index +0.9% Wednesday, +3.6% in 1 month

Sources: RealClearPolitics, FactSet

The race is even tighter in North Carolina, where Trump will rally supporters in Gastonia, just west of Charlotte, at 7 p.m. Eastern. Biden has a 2.3-point advantage over Trump in North Carolina, down nearly a percentage point from a week ago.

As Washington struggles to reach another deal to aid the economy, a new poll is showing Biden outperforming Trump on that issue — though only slightly. Still, Biden’s one-point edge in the Politico/Morning Consult poll comes after five Wall Street Journal/NBC News polls this year have shown voters trusting Trump more to handle the economy.

Now see:Why stock-market investors are starting to focus on Biden’s narrowing lead against Trump.

Also read:President Trump loses big edge over Biden on the economy as election looms.

House Speaker Nancy Pelosi, a California Democrat, and Treasury Secretary Steven Mnuchin were set to continue talks Wednesday on another fiscal stimulus package. But Senate Majority Leader Mitch McConnell is reportedly cautioning the White House against moving forward.

U.S. stocks SPX, -0.03%   DJIA, -0.14%   COMP, -0.11%  were mixed on Wednesday as investors were watching for progress on a stimulus deal.

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