two states where biden is running strong, but two states that don t really look like the base of the democratic party. that sets up a very interesting conversation too. we ve mentioned it here. if the front-runner were to lose both iowa and new hampshire, so far we haven t seen when those states have been contested, we haven t seen somebody lose both and win the nomination, but there s plenty of room for firsts, at least theoretically. phil, end of the year, end of the financial quarter, we re starting to get some fund-raising numbers. elizabeth warren for the final three months of 2019, the final quarter, you can see there her fund-raising haul down more than $7 million from what she raised in the third quarter, a 30% drop there. that sort of coincides with what we ve seen in the polling as well. she was peaking around september, october. since then she s fallen back somewhat in this race. how significant is that fund-raising drop for warren? well, i think the significance of that
running strong, but two states that don t really look like the base of the democratic party. yeah, that sets up very interesting conversation too. we ve mentioned if the front runner were to lose both iowa and new hampshire, so far we haven t seen when those states have been contested and we haven t seen somebody lose both and win the nomination but of course there s plenty of room for firsts, at least theoretically. end of the year, end of the financial quarter, we re starting to get some fund-raising numbers. elizabeth warren, for the final three months of 2019, the final quarter, you can see there, her fund-raising haul, down more than $7 million from what she raised in the third quarter, a 30% drop there. that sort of coincides with what we ve seen in the polling as well. she was peaking around september, october, since then, she s fallen back in this race. how significant is that fund-raising drop for warren? i think the significance of that fund-raising drop is also the signi