Recent polls from late October 2026 place President Trump's job approval at record lows for his second term, ranging from 31% to 36% among adults and likely voters. Persistent dissatisfaction with the economy, inflation, and cost of living dominates voter sentiment, with majorities disapproving of his handling of these issues. The ongoing conflict with Iran, which began with U.S.-Israel strikes in February and has driven gasoline prices above $4 per gallon, continues to weigh on support, including among some Republicans. Erosion appears in key groups, with Republican approval falling notably from earlier in the term. With the November 3 midterms approaching and no major policy shifts or diplomatic developments reported in recent days, these pressures shape trader assessments of approval thresholds on October 30.