President Joe Biden and former President Donald Trump participated in the first presidential debate on Thursday night. The two candidates took aim at each other for current economic conditions and immigration challenges.

22V Research senior managing director Kim Wallace and AGF Investments chief US policy strategist Greg Valliere join Morning Brief to give insight into the takeaways from the first presidential debate.

"Well, it was a disaster. It was a debacle ... They did not accomplish what they were hoping to do with their bases or with crucial support. In terms of someone new coming in at this late point, it's a process. I don't think it'll be resolved in a day or 2 or 3. I think we've got to see how polls look. We've got to see how the party is. But I can tell you, and I'm sure Kim would agree, that during the night, there were an awful lot of emails and texts from Democrats who are now really worried about losing the House, the Senate, and the White House," Valliere told Yahoo Finance.

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This post was written by Nicholas Jacobino