Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Factset: FactSet Research Systems Inc.2019. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. The bill would have to pass through the Republican-controlled House before it made it to a Democrat-controlled Senate. "We would fully expect the ban to be more far-reaching, and more comprehensive and a further infringement of the second amendment rights of law abiding Americans," he said.īut implementing such a ban would be difficult for Obama. Keane said that future restrictions on these weapons could be tighter than the Clinton-era ban. Obama's 2012 re-election already had an immediate impact on gun-related stocks, driving up shares of manufacturers like Smith & Wesson ( SWHC) and Sturm, Ruger ( RGR), as well as retailers like Cabela's ( CAB) and Big 5 Sporting Goods ( BGFV). Part of it is seeing if we can get an assault weapons ban reintroduced." "And so what I'm trying to do is to get a broader conversation about how do we reduce the violence generally. "I also share your belief that weapons that were designed for soldiers in war theaters don't belong on our streets," replied Obama. 16 presidential debate, the moderator, CNN's Candy Crowley, asked Obama to clarify his past statements about keeping AK-47s "out of the hands of criminals."Īnd the president answered with his most definitive gun control statement in years. Related: Election leads to run on gun stocksĪlthough recent mass shootings brought the gun debate back to the forefront, little has actually been done about it. The Clinton-era assault weapon ban would not have permitted the sale of a magazine with such a large capacity. As part of his four-gun arsenal, the self-described "Joker" allegedly used a semiautomatic rifle with a 100-round drum, which can be legally purchased online.
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In one of the most notorious mass shootings, suspect James Holmes allegedly shot at least 70 people, including 12 fatally, during a July screening of The Dark Night Rises in a Colorado movie theater. Obama had largely avoided the issue of gun control during his first term, despite some high-profile mass murders by mentally unstable gunmen in crowded, public places. "Being as this is his second and last term, he might do it, because he's not interested in getting re-elected," said Anderson. He said that gun enthusiasts are assuming that Obama will be more aggressive about gun regulations in his second term.
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"A lot of dealers are stocking up with the expectation of a sales increase"īill Anderson, owner of the gun shop Call-To-Arms in Denton, Texas, said the big spike will probably hit full force this weekend. "We are expecting an increase with the amount of calls we're getting ," said Tim Smith of Tim's Guns and Range in Winter Haven, Fla. Other shop owners anticipate a bump in sales. Kielbasa says one of the distributors he works with had an unusually large order of 500 rifles this week. Gun shop owners say that, though it's too early to get an accurate count of sales for this week, they've definitely increased. "But eventually, if they're going to ban all this stuff, what am I going to sell?" "It's going to be good for me for business," said Kielbasa, who specializes in "tactical firearms," according to his web site. The FBI conducted 12.7 million background checks during all of 2008, compared to 11.2 million the year before. That's the third-highest number of background checks ever recorded in a single day.
28, 2008, according to the National Shooting Sports Foundation. The Federal Bureau of Investigation conducted 97,848 firearms background checks on Nov. The most reliable way to track the number of gun sales is via background checks, and they spiked after the last election. Fears that a ban on the weapons might come back under Democratic leadership drove gun enthusiasts to buy firearms when Obama was first elected in 2008.
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