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Trump, Biden prepare for first presidential debate in Ohio

Yahoo Finance's On The Move panel break down what's moving markets.

Video Transcript

ADAM SHAPIRO: Joining us right now is Jessica Smith to help us set up of what to expect from the debate tonight in Cleveland. Jess.

JESSICA SMITH: Yeah, Adam, President Trump and former Vice President, Joe Biden, will face off for the first time in this debate tonight. Chris Wallace of Fox News will be the moderator and he released some of the topics that we expect him to cover-- that's everything from the economy to the Supreme Court, the handling of the coronavirus crisis, Biden and Trump's records, and the integrity of the election.

But of course, in the past few days, another big topic has been pushed to the forefront, that is that New York Times report that the president has paid little to no taxes over the past 20 years or so. The Biden campaign quickly put out a campaign ad on that. They also put out a calculator so you could see how much more you paid than President Trump. So we do expect Vice President Joe Biden to really capitalize on that and bring that up in the debate tonight.

A big question going into this debate, and really any debate, is just how this will impact the race. Will this actually change voters minds? Politico and Morning Consult did put out a new poll this morning and it found that 86% of likely voters have already made up their minds. This debate won't change anything for them. But then 14% of likely voters say they are still persuadable, and there are still some undecided voters out there.

The survey found going into the debate 26% of Independents say they still might change their minds. They still need to hear more from the candidates to decide who they will vote for. The poll also found slightly more people think Vice President Biden will perform better than President Trump tonight.

Now, this debate will kick off at 9:00 tonight and we expect it to last about 90 minutes. Of course, we keep you updated on everything the candidates have to say.