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‘This is about the guns’ – why won’t Republicans budge on guns?

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For years, Republicans have led the resistance against meaningful federal legislation on gun control

Ticker News spoke with Writer Molly Jong-Fast for her analysis on gun rights in America

Many Republicans are saying there needs to be more support for mental health, but Writer Molly Jong fast says this is being used to prevent gun legislation.

Although Biden is yet to negotiate with opposing lawmakers in the current round of talks, he believes ‘everybody’ at Capitol Hill is becoming more rational about the hot topic.

It follows U.S. Vice President Kamala Harris calling for a U.S. assault rifle ban and other measures to curb gun violence.

Many Republicans are saying there needs to be more support for mental health, but Writer Jong-Fast says this is being used to prevent gun legislation.

“Republicans are very good at manipulating Democrats. I think the Democrats have a moment here, and I hope they take it when Joe Biden went to volunteer yesterday. They were chanting, do something outside of the church, and there is an opportunity for Joe Biden to do something,” she told Ticker News.

Is the mental health conversation being used to prevent gun legislation here from the Republican point of view?

“They (Republicans) have no interest in mental health. This is not about mental health. An assault weapon ban would save lives, it would save children’s lives,”

JONG-FAST SAYS

“This is about the guns and Republicans will make it about anything else they can.”

The writer hopes Chuck Schumer, who is the leader of the Senate, and a Democrat, would do a “filibuster cut out right now and set it up so that they could vote on an assault weapon ban.”

Jong-Fast also suggests an assault weapon ban, raising the age of of buying weapons to 21, background checks, and closing the gun show loophole, as ways to combat mass shootings.

“I mean, there’s a lot of ways to make America safer with the purchase of guns. The problem is, Republicans are really obstructionist,” she says.

“They don’t want to help pass this legislation, they’re worried that it will depress enthusiasm for the mid for their base in the midterms. And so they want to keep this going. And they know that Americans tend to forget, and that there’s a sort of United States of Amnesia phenomenon, as Gore Vidal wrote about and so they are just hoping to run out the clock.”

However, she notes that the House has passed many different gun safety bills, and have “sort of died in the Senate.”

“So I mean, this is really on Chuck Schumer’s lap.”

Jong-Fast says she doesn’t trust Mitch McConnell, after every school shooting.

“Mitch McConnell says something to the effect of we need a bipartisan agreement, and then he sort of pushes for it not to work,” she told Ticker News Host Holly Stearnes.

She says “it’s worth it for Democrats to try” as it will help America.

“America could have less children die in their schools of gun violence? I mean, this is the kind of thing that isn’t just a political calculus, it’s a human calculus.”

“Different states have allowed gun manufacturers to be sued. The idea that you couldn’t sue them before was a completely crazy I mean, in America, you tend to be able to sue most most companies for most things. So that seems like a no brainer in my mind.”

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Tesla’s robotaxi reveal sparks excitement

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Analysts and investors are eagerly awaiting Elon Musk’s big reveal—a fully functional autonomous vehicle that could revolutionise ride-hailing.

Tesla’s stock has soared 52% since Musk first announced the event in April, reflecting high hopes for the launch of its much-anticipated robotaxi.

The vehicle, dubbed the “Cybercab,” is said to be a sleek, two-seater without a steering wheel or pedals—straight out of the future.

Tesla also teased a ride-hailing app that will summon these driverless cars to pick up riders at their chosen locations.

Not convincing

But not everyone is convinced—some analysts warn that while Musk’s vision is bold, the timeline for these innovations may not deliver immediate results.

Musk has a history of overpromising on autonomous tech, and this event might be more about grand ideas than tangible products.

Tesla first floated the robotaxi idea in 2016, with Musk hinting at a future where owners could lease their cars to others for extra income.

If the software keeps pace with Musk’s ambitions, the future of driverless Teslas might be closer than we think.

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Inflation creeps up as core CPI rises in September

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The core consumer price index (CPI) climbed 3.3% year-over-year in September, signalling continued inflationary pressure in the U.S.

 

Month-over-month, the increase was 0.3%, slightly higher than the expected 0.2%, raising concerns about the Federal Reserve’s ability to ease policy.

This latest inflation data narrows the Fed’s room to manoeuvre, making a significant rate cut at their next meeting less likely.

In other economic news, weekly U.S. unemployment claims have risen to 258,000.

Latest numbers

Ticker’s Ahron Young spoke with Steve Gopalan from SkandaFX about the latest numbers.

Steve Gopalan discusses the impact of rising unemployment claims, inflation, and geopolitical tensions on the market, including the potential effects of Israeli strikes on Iran and China’s policies.

He also addresses expectations for the Fed reserve rate cut and near-term risks affecting the Australian economy and talks about how traders are preparing for China’s Finance Minister news conference on fiscal policy.

The increase in claims is partly attributed to the impact of Hurricane Helene and furloughs at Boeing.

Economists are closely watching how these factors will play into broader economic trends.

With inflation rising and unemployment numbers fluctuating, the economic outlook remains uncertain.

 

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Middle East tensions rise as Iran issues warnings

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Tehran is threatening to target oil-rich Gulf states and other U.S. allies if their territories are used in any attack on Iran, Arab officials reveal.

Israel has warned Tehran of severe consequences after a recent barrage of Iranian ballistic missiles hit the country. In response, Iran vows to strike Israel’s civilian infrastructure and any Arab state that aids in the assault.

Countries like Jordan, the UAE, Saudi Arabia, and Qatar have already expressed concerns to the Biden administration, saying they don’t want to be part of any offensive actions against Iran.

These Gulf states, traditionally under U.S. protection, fear Iran could target their vital oil facilities if the conflict escalates.

With U.S. troops stationed across the region, officials are on high alert as Tehran’s threats loom over an area packed with American military personnel.

Tensions between Israel and Iran continue to rise, with both sides exchanging warnings of devastating consequences.

The energy-rich Persian Gulf, known for its stability under U.S. protection, could now be at risk as the situation remains tense.

The eyes of the world are focused on the region, as threats of conflict keep mounting.

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