Yahoo TV

With a little over a year until the Presidential Election, President Biden is tasked with making the case for reelection. Yahoo FInance's Rick Newman joins the Live show to break down why Biden's approval rating remains in the low 40s.

According to Newman, household income is the culprit. Newman notes, "The purchasing power of the typical paycheck has declined." Newman suggests that there is a chance for Biden's approval rating to improve, but that is dependent on improvement in the economy.

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.