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This Day In Market History, May 6: English Channel Tunnel Connects France To England


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Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.
What Happened? On May 6, 1994, the English Channel tunnel opened to streamline rail transfers between England and the Continent.
Where Was The Market? The S&P 500 traded around 447.82, and the Dow Jones Industrial Average closed around 3,669.50.
What Else Was Going On In The World? On the same day, Nelson Mandela was confirmed the winner of South Africa’s post-apartheid election, and the U.S. House of Representatives passed the Federal Assault Weapons Ban.
English Finally Rejoins The Mainland: England’s Queen Elizabeth II and French President Francois Mitterrand formally opened the 31-mile rail tunnel joining Folkstone, England, to Sangatte, France. The world’s longest underwater tunnel became the first path since the Ice Age to connect England to continental Europe. ....

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Biden is still lost on gun control and gun violence


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President Joe Biden is still pushing gun control, but he still can’t be bothered to put forward a proposal that would have any real effect on gun crime or gun violence.
Biden spent a section of his address to Congress going over all the same stale gun-control notes that he pushed earlier in the year. He mentioned the Atlanta spa shooting and the shooting in Boulder, Colorado, and failed to propose anything that would have prevented either shooting (again). He only had talking point after talking point, some of which were based entirely on falsehoods.
Take his point about the Federal Assault Weapons Ban. “In the early 2000s, the law expired, and we’ve seen daily bloodshed since,” Biden said, before adding, “I’m not saying if the law continued, we wouldn’t see bloodshed.” ....

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