strategy. rashad, i want to take a look at the money fueling the democratic campaigns. yesterday we looked at the cash on hand for six of the to 2020 candidates. at the close of the third quarters. let s look at the entire field. the first ten are here. bernie sanders is leading. joe biden is there in fifth place with roughly $9 million. here s where the rest of the field stands. so what stands out to you about these numbers? cash is no longer king in presidential electoral politics. in a technical sense, tom steyer actually has the most money, but he gave himself all of that money. he s spending a lot of it. but it s not translating into votes. you have biden who is not raising a lot of money compared to the others in the field but he s still leading by at least 5.8% based on the aggregate total of polls. while it is great that sanders has a war chest of money, he has to still do things to earn his media chops while campaigning.
skeptical that this will help him pull in new voters. what s your take? yeah. i think those political insiders are wrong. i believe this is a shot in the arm for the sanders campaign. it will translate into a broad coalition. we do know that senator elizabeth warren and her camp, they were courting the endorsement of representative omar and representative ocasio-cortez. they wanted this. here s what it does. it stops the narrative that somehow bernie sanders is unable to appeal to a coalition of voters. remember when he ran for president the first time, his biggest challenge was the fact that he could not appeal to people of color in a way that other democrats or hillary clinton in that case could. so this shows that he s going to run a coalition-based campaign and it will not be the bernie sanders centric campaign that we ve seen before. i think this marks an actual turning of his campaign
to pick up actual votes. maybe not crowd. but she s picking up actual votes or sentiment in polling data. that s a big thing. joe biden, as you know, he s been slipping in some of the polling data recently. but polls are not predictions. they are snapshots of sentiment at the time. these things will change like the wind. sanders was joined by congresswoman cortez at that rally who is endorsing him in the race and will be campaigning with him throughout the country. let s listen to some of what she had to say. we right now have one of the best democratic presidential primary fields in a generation. and much of that is thanks to the work that bernie sanders has done in his entire life. politico reports that there are questions about how this endorsement will play with voters. the campaign thinking it could boost him with the young voters. quote, political insiders and even some of sanders allies are
money simply doesn t buy a presidential election like it used to. what does that gap between where sanders is and where biden is in terms of cash on hand mean in terms of what the campaigns are going to be able to do? that means that bernie sanders has an ability to message and repeat that message in a way that joe biden cannot. remember, messaging is free. however, to distribute that message, it costs money. right now, sanders has the money to create an echo chamber for his own narrative and that s what you will see heading into the early caucus and primary states. rashad richie. great to have you on this sunday morning. thanks for joining us. thank you for having me. once a donor, now ambassador. gordon sondland is spending taxpayer money fixing up his government residence. with my hepatitis c,