Biden's post-debate fundraising: Here's what you need to know

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>>> WELCOME BACK. NOW ON TO THE PRESIDENTIAL FUNDRAISING PLITSZ FOLLOWING LAST WEEK'S DEBATE. MEGHAN COSELL LA JOINS US WITH THOSE DETAILS. HEY, MEGHAN. >> THE BIDEN CAMPAIGN SPENT THE WEEKEND IN DAMAGE CONTROL MODE AND SOME OF THE BIGGEST DONORS WERE REEVALUATING THE PATH FORWARD. THE CAMPAIGN SAYS IT RAISED $33 MILLION FROM THURSDAY THROUGH SATURDAY WITH ABOUT $26 MILLION COMING FROM GRASSROOTS DONORS. OFFICIALS SAID THURSDAY AND FRIDAY WERE THE TWO BEST DAYS EVER FOR GRASSROOTS FUNDRAISING WHICH THEY SAY SHOWS THE VOTERS ARE STILL WITH THEM. BIDEN NEEDS THE WEALTHY DONORS AND I SPOKE WITH ATTENDEES WHO TOLD ME THEY WERE REASSURED HOW THE PRESIDENT SEEMED AT THOSE EVENTS, STRONG AND HEALTHY, ONE DESCRIBED THE MOOD IN THE HAMPTONS AS KENDS ENTHUSIASM, ANOTHER SAID THE NEW YORK EVENT RESOLVED TO DO MORE TO HELP BIDEN TO WIN WITH ONE GIVING AN EXTRA $500,000 ON THE SHOT. THE DEBATE WAS COLD SHOWER SHOCK FOR DEMOCRATS AND MANY ARE MORE ENGAGED BECAUSE THEY'RE WORRIED ABOUT LOSING THAN THEY WERE BEFORE. EVEN STILL SOME OF BIDEN'S BIGGEST DONORS RECOGNIZE THE CHALLENGE AHEAD. REID HOFFMAN OF LINKEDIN SENT AN E-MAIL FRIDAY ON WHY REPLACING BIDEN WOULD BE A BAD IDEA AND THE DONOR ADVISER DEMEANTRY MELHORN SAYS THE DEBATE MAKES IT MORE DIFFICULT TO CONVINCE SOME DONORS TO CONTRIBUTE. >> IF THERE WAS A DONOR WHO WAS HESITANT BECAUSE THEY WEREN'T SURE BIDEN WAS GOING TO WIN, THOSE DONORS ARE NOT OPENING THEIR WALLETS THIS WEEK. MAKES THAT WORK HARDER BUT THE WORK CONTINUES. >> THERE'S A LOT OF FRUSTRATION WITH THE CANDIDATE THAT DEMOCRATS HAVE, BUT REPLACIN
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Channel: CNBC Television
Views: 46,075
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Keywords: Squawk on the Street, CNBC, business news, finance stock, stock market, news channel, news station, breaking news, us news, world news, cable, cable news, finance news, money, money tips, financial news, stock market news, stocks
Id: ZbSutlAWx7Y
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Length: 1min 42sec (102 seconds)
Published: Mon Jul 01 2024
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