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Trump teases 2024 presidential run after winning CPAC straw poll

Yahoo Finance’s Rick Newman joins the Yahoo Finance Live panel to discuss Trump easily winning CPAC 2024 presidential straw poll.

Video Transcript

AKIKO FUJITA: Well, former President Trump potentially staging a comeback, certainly getting a big bump over the weekend with a strong showing at the Conservative Political Action Conference, or CPAC, easily winning the 2024 GOP presidential nomination poll. Let's bring in Yahoo Finance's Rick Newman, who is following that story for us.

And, Rick, the pres-- the former president's made it pretty clear. He's still got ambitions, potentially, for the White House again. How should we read this poll that came out over the weekend and the fact that the president still has a very strong lock on that party? Rick, I think you're muted.

RICK NEWMAN: I'm sorry, Akiko. It happens to the best of us and the worst of us. Trump ran away with this poll. He got 70% of the vote when people were asked who would they choose as their presidential nominee in the next election. Ron DeSantis, Florida governor, only got 21%. He was-- he came in second.

So what that tells you is Trump is still very, very popular among conservative Republicans. Remember this is the Conservative Political Action Conference, so this represents an important part of the Republican Party but not the entire Republican Party. You could also look at it as this actually poses a problem for the Republican Party because they just can't shake Trump.

And after the January 6 riots at the US Capitol, it seems pretty apparent that if he were to run again, he would get a lot of conservative votes, but he probably cannot get the centrist votes that he would need to actually win a general election. So Trump keeps teasing that he wants to run again in '24.

My guess is he will not run again in 2024, but we know what he's doing here. He wants to keep himself in the news, and he wants to keep his name in the headlines. It's helping him raise money. And, to his mind, it probably helps with everything else he wants to do, whether it's starting up some kind of media network, or social media network, or whatever might come next.

AKIKO FUJITA: And, Rick, here we are talking about it, so clearly that strategy is working.

RICK NEWMAN: Right.

AKIKO FUJITA: What does it say about the midterms, though, moving forward? And we're talking about 2024, still you've got the midterms in between here and what the Republican strategy is likely to be to win back and take back Congress?

RICK NEWMAN: We're not entirely clear what their strategy is, but the math does favor Republicans for at least a couple of reasons. The president's party traditionally actually loses seats in Congress during midterm elections, there's just a bit of a snapback among voters. That's a normal thing.

And Republicans are going to benefit from redistricting. They're going to pick up probably more advantageous districts than Democrats will. But, look, it's also the case that what President Biden doing-- his moves are pretty popular. It's not clear the Republicans have come up with a good way to politic against that.

We know that they are going to be hitting Democrats on crime in certain areas. There's been some reporting recently that this is going to come down to people in the suburbs who did go for Biden in 2020. If they turned back toward Republicans, that would be a good thing. But what Biden has going for him is the economy is looking pretty good right now. It will probably be looking better with lower unemployment by the midterms. And voters might be feeling pretty good off, so we'll see how that plays out.

AKIKO FUJITA: OK, I know you'll be on top of that one. Rick Newman, joining us there. Thanks so much for that.