Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

“The state of the union is strong”

Published

on

U.S. President Joe Biden delivers his second State of the Union address to a joint session of congress

U.S. President Joe Biden has delivered his second State of the Union address, sparring with Republicans and appealing for bipartisanship.

With the sitting president eying off the possibility of running for a second term in office, he needs to deliver real change and get the public back on side.

In a show of unity, Biden began his address by congratulating the incumbent House Speaker, Kevin McCarthy.

This is the first time Biden has addressed a GOP-controlled House.

The theme of today’s speech was certainly optimism for the future.

Biden trying very hard to convince the American people his administration is equipped to lead the nation through these turbulent economic times.

Economic uncertainty

The country’s economy was front and centre, with Biden noting it has recovered more quickly from the Covid-19 pandemic than many other major markets.

Inflation’s at a record high, and while it’s beginning to cool after hitting 9.1 per cent, Americans aren’t feeling the impact just yet.

In fact, only only 21 per cent of residents rate the current economic conditions as positive.

Biden’s legislative achievements were front and centre

Biden’s legislative achievements include a sweeping health and climate package, an infrastructure law and investments in the semiconductor industry.

All federal infrastructure projects will need to have materials which have been made in America.

Biden says his economic plan is about investing in places and people that have been forgotten.

The president believes too many people have been left behind.

Biden took aim at big business

As America suffers through an energy crisis, the president says oil companies have pocketed $200 billion in profits.

He says corporations should do the right thing.

Climate change was also addressed

Biden has promised to build new storm resistant power grids, roads, electric vehicle infrastructure, while providing tax credits for residents who want to purchase their own EV.

When it comes to global warming – Biden wants to “finish the job”.

Taxing the rich

Biden reiterated his promise not to tax anyone who earns under 400,000 a year.

“No billionaire should be paying a lower tax rate than a school teacher or a firefighter,” he said.

When it comes to the debt ceiling, Biden warned Republicans not to attempt to cut social security or medicare benefits.

The U.S. hit the debt ceiling set by Congress in January, forcing Treasury to start taking extraordinary measures to keep the government paying its bills.

House Republicans say they will only lift the borrowing if the government introduces spending cuts.

“Folks – as we all apparently agree, Social Security and Medicare is off the books now, right? They’re not to be touched,” Biden said. “We’ve got unanimity!”

“Let’s all agree, and apparently we are, let’s stand up for seniors,” he said. “Stand up and show them! We will not cut Social Security; we will not cut Medicare.”

He added: “If anyone tries to cut Social Security – which apparently no one is going to do – I’ll stop them. I’ll veto it.”

Police brutality

Perhaps unsurprisingly, safety and police brutality were featured in the address.

Biden made a point of acknowledging the parents of late Tyre Nichols.

29-year-old Nichols was beaten to death by police officer in Memphis.

His death has renewed calls for police reform and reignited a national conversation on justice in policing.

Biden’s message: “They must be held accountable”.

Gun reform and abortion rights

Biden reignited calls for gun reform – calling for a ban on assault weapons.

It follows the recent mass shooting in Monetary Park, California.

Abortion rights are a hot topic in the United states.

The U.S. Supreme Court overturned Roe v Wade in late June 2022, repealing a nationwide protections for the procedure which were put in place 50 years ago.

If Congress attempts to pass a national ban on abortion, Biden says he will veto it.

The infamous Chinese balloon was also mentioned.

Biden says it’s never a good move to bet against America.

Continue Reading

News

Senate clears Epstein files release despite White House push

Senate upholds vote to release Epstein files despite White House delay attempt; Trump signals intent to sign bill.

Published

on

Senate upholds vote to release Epstein files despite White House delay attempt; Trump signals intent to sign bill.


The White House tried to delay a vote on the release of Justice Department files connected to Jeffrey Epstein, even as former President Trump insisted there was nothing to hide.

Despite this, the Senate approved the measure exactly as it passed the House, ignoring amendments proposed by Trump’s aides. This move clears the path for the files to be made public in full.

Trump has indicated he intends to sign the bill, marking a significant shift after the White House’s attempt to block or delay the vote proved unsuccessful. The decision could have wide-reaching implications for transparency and ongoing investigations.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#EpsteinFiles #WhiteHouse #Trump #SenateVote #JusticeDepartment #USPolitics #Transparency #TickerNews


Download the Ticker app

Continue Reading

News

Nvidia earnings shake tech stocks as ASX heads into Christmas

Nvidia’s earnings spark sharp market reactions, prompting investor concerns for tech stocks and volatility ahead of year-end trading.

Published

on

Nvidia’s earnings spark sharp market reactions, prompting investor concerns for tech stocks and volatility ahead of year-end trading.


Markets are reacting sharply to Nvidia’s latest earnings, leaving investors questioning the future of tech stocks. Analysts are closely watching whether the results meet expectations and what it could mean for the broader market.

Joining us is David Scutt from StoneX to break down Nvidia’s post-earnings performance and its ripple effects across US and global equities. Investors are keeping a keen eye on how this could set the tone for year-end trading.

With Christmas approaching, the ASX faces a pivotal day as global risk sentiment shifts. Traders are positioning themselves for potential volatility, making it critical to understand the signals coming out of major tech earnings.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#NvidiaEarnings #TechStocks #StockMarket #ASX #GlobalMarkets #Investing #MarketUpdate #TickerNews


Download the Ticker app

Continue Reading

News

Tech stocks on edge ahead of Nvidia

Nvidia’s earnings report could impact tech sector trends, prompting analysis of profit-taking versus deeper market concerns.

Published

on

Nvidia’s earnings report could impact tech sector trends, prompting analysis of profit-taking versus deeper market concerns.


With Nvidia’s crucial earnings on deck, expectations are sky-high and the outcome could set the tone for the entire tech sector.

Chris Weston from Pepperstone breaks down whether this rotation signals simple profit-taking or deeper market concerns.

#TechStocks #Nvidia #Markets #Investing #FinanceNews


Download the Ticker app

Continue Reading

Trending Now