A new national survey suggests President Donald Trump is facing a steep drop in public support, even as he insists his second term is “running beautifully.” The latest CNN/SSRS poll, conducted October 27–30 among 1,245 adults, puts Trump’s approval rating at 37%, down sharply from 47% back in February—one of the lowest points of his presidency. Meanwhile, 63% of Americans say they disapprove of the job he’s doing.

The public mood isn’t any brighter when it comes to the state of the country. 68% of respondents say things in the U.S. are going “pretty badly” or “very badly,” pointing to rising prices and everyday costs as major drivers of frustration. Nearly half—47%—name the economy and cost of living as the nation’s most urgent problem. Another 26% are most concerned about the health of American democracy. And despite Trump’s relentless focus on border issues, only 10% identify immigration as their top concern.

A majority of Americans believe Trump’s policies are adding to these challenges. 61% say his decisions have made the economy worse, and 56% think he has weakened America’s standing around the world. Questions about presidential power are also growing louder: 61% of those polled say Trump has gone “too far” in using his authority.

These attitudes are shaping how voters are approaching the upcoming midterms. 41% say they plan to vote specifically to oppose Trump, while just 21% say their vote will be meant to support him.

Trump has dismissed the numbers outright, calling them “Fake Polls” on Truth Social and maintaining that he has strong backing from the public. Whether those numbers shift will likely depend on what happens next: the direction of the economy, the political climate, and the fast-approaching midterm elections.