 So how is the Biden dropout impacting the markets, Nathan? Well, we get the latest from Bloomberg's John Tucker. John. Karen, investors have been amassing wagers on Donald Trump's return to the White House for weeks, trimming holdings of long-term U.S. bonds and buying Bitcoin, among other things. Now they're considering whether Joe Biden's exit from the race boosts the odds of a Democratic victory. Initially, U.S. Treasuries, the yen and gold, all common refuges from volatility saw modest demand. Kathy Jones of Charles Schwab offered this view.