Despite calls from major donors and his own party's officials to exit the 2024 presidential race, President Biden asserted his intention to continue his legacy through his reelection effort in a letter to Democrat lawmakers.

Yahoo Finance Senior Columnist Rick Newman weighs in on Biden's standing amongst voters on topics like inflation, what a Biden exit could look like, and how the stock market (^DJI, ^IXIC, ^GSPC) could react to Biden passing the torch late in this election cycle.

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