could be a big hour. we ll watch it together. dana has this friday off. i m bill hemmer live in new york city. hello to you, gillian. gillian: the first hour went pretty quick. i m ready. bill: yesterday we got the ruling on the abortion drug, the supremes said you don t have standing to bring this case now. maybe it comes back in six months or a year. it was a unanimous decision. what is left here? there are by my count there are two weeks and maybe a few days and change if you want to extend the summer session by a few days into early july. they have done that in recent years. not suggesting they will do that this year. that s the window of opportunity we have for a number of significant cases. gillian: it s an option if they want it. bill: i mention immunity. you have a case regarding january 6th and three of the january 6th defendants who brought a case. you have another case about abortion restrictions. you have a second amendment matter on the line as well, an
A lawsuit being filed against the Bureau of Alcohol, Tobacco, Firearms and Explosives for changing a rule over gun braces by one Amarillo man is still underway.
they re low cost and easy and everything. the problem is when you do that, you re buy everything in that etf. so maybe inadvertently the teachers retirement systems of texas of new york, of florida, retirement systems in pretty much every state, own a gun stock. they may not have chosen to own it, stephanie, but they own it in directly. we re talking trillions of dollars of total assets. even if you don t think you own a gun stock if you own an index fund, you probably do. we actually saw investors after sandy hook like pension funds in california take action. but blauk hawk has gotten vocal. they re one of the largest shareholders of gunmakers. a spokesman said in an e-mail instead of selling shares of any company, quote, we focus on engaging with the company and understanding how they re responding to society s expectations of them. if that s not lawyer talk, i don t know what is.
politics. if you ve got a pension, a 401k, an investment, you could own shares of gun manufacturing companies. the more guns they sell, you as a shareholder make money. now the school shooting has prompted major pension funds and institutions to look into how much they are invested in gunmakers. look into, that s the important part. cnbc s brian sullivan joins me now and brendan greely back with us. brian, it s not as simple as investors purposefully buying stocks in gun manufacturing companies. walk us through how this works. it s not as simple. here s the reality, if you re a gun stock, smith and wesson or vista outdoors, they get put into indexes. then those indexes are turned into index funds or exchange traded funds. in other words, instead of buying a stock, you buy this index fund. i m trying to keep it simple. here s what happens though. a lot of pension funds will say we re not going to pick stock, we re going to buy etfs because