US Politics Live Updates: The warning sign of a Wall Street apocalypse as it nears all-time high

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Trump’s ban on CNN, MSNOW and Politico from White House media events has raised concerns the same attack on press freedom could happen under One Nation in Australia.

Alliance for Journalists’ Freedom executive director Peter Greste said that while there were legal avenues that have allowed the three outlets to file a lawsuit against the president in the US, media in Australia did not have that same protection.

“President Trump banning three correspondents from the White House strikes an awfully familiar chord for Australian media, after One Nation booted journalists from a press conference in Melbourne earlier this month,” he said.

“All we have is the ‘implied right of political communication’ – a vague idea that the High Court has inferred from the Constitution and that at least one justice has said might not even exist.”

One Nation has repeatedly banned media outlets, particularly the ABC and the Guardian, from press events in retaliation to their reporting on the far-right party.

“I am not putting up with the spin, gotcha moments, wanting to have a go at me, or treat us totally different to what you do at the other major political parties. Enough is enough,” Pauline Hanson said in response to banning journalists from three media outlets in August.

Greste, an Australian journalist who spent 13 months in an Egyptian jail, called for the federal government to adopt legislation to protect media freedom.

“No individual politicians or political party should have the right to choose whether a media outlet can scrutinise them. This is democracy 101, when transparency and accountability are lost, citizens are deprived of their right and ability to know what is going on,” he said.

“Any politician deciding who gets to scrutinise them is practicing censorship, and Australians have weak protections for press freedom and freedom of speech. In a democracy, that is a dangerous position to be in.”

Wall Street has neared an all-time high today, but one expert has raised concerns about the health of the market.

US market commentator and trader Jason Goepfert told the Australian Financial Review the last time the S&P 500 rose at least one per cent to within one per cent of a new high, was on December 21, 1999.

This was a few months before the top of the dotcom bubble, which was a period of rapid growth followed by an eventual collapse in tech stock prices.

The stock market activity today comes after a drop in oil prices and strong investor interest in artificial intelligence.

Donald Trump has vowed to appeal a judge's ruling in an upcoming court challenge.

Major US media outlets CNN, Politico and MS NOW filed a lawsuit against the US President over his ban on their access to the White House.

The case has been assigned to Trump-appointed US District Judge Timothy J. Kelly, who has not yet ruled on the case.

The judge previously ruled in favour of CNN and then-White House correspondent Jim Acosta after his credentials were pulled.

"The Judge’s name is Tim Kelly, and he was, sadly, appointed by ‘TRUMP.'," the US President said on Truth Social.

"In other words, almost without question and, as usual, we’ll go for appeal because Fake News people and publications that only write negatively, and who violate our National Security by writing false and defamatory stories with unknown ‘sources,’ shouldn’t be allowed access to the most important Office anywhere in the World.”

Mamdani told CNN that candidates running in the midterms must look beyond challenging the Trump administration.

“It’s not enough to simply stand up to federal policies we disagree with," he said.

"We also have to stand up for an entire working class that has been left behind by politics that has come to think of politics as a hobby only certain people can afford.

“I often say that there’s only one majority in this country; it’s the working class and their inability to afford housing, childcare, even public housing, that is something that goes beyond any one city."

Mamdani has told CNN he is willing to put aside his political differences with Trump if it gives him a chance to advocate for New York residents.

"I think we’ve both said that we’d be willing to have a conversation if it could benefit the people of this city,” Mamdani said. 

“You can hold very disparate opinions and also be able to sit down because that is what this work demands of us. 

"If I was only willing to speak with people who agreed with me all the time, I would be sitting at home looking in a mirror.”

A surge in artificial intelligence stocks on Wall Street has helped propel Australian shares in early trading on Tuesday.

The S&P/ASX 200 Index jumped 0.5 per cent just after opening.

Earlier, the S&P 500 leapt by 1.5 per cent and pulled within 0.4 per cent of its record set in August. The Dow Jones Industrial Average added 0.7 per cent, and the Nasdaq composite leaped 2.3 per cent to its own all-time high.

Microchip stocks and other companies in the artificial intelligence industry led the way.

Donald Trump’s ban on some American media organisations backfired hilariously on him when he was unveiling one of his pet White House projects.

The television press pool that covers the White House on Monday (Tuesday AEST) demonstrated against his ban by pulling coverage of the president.

It meant Trump’s speech at the unveiling of a new helipad, without any media agencies’ audio equipment, was drowned out by nearby helicopters.

Moments before the president wielded oversized gold scissors to cut a red, white and blue ribbon.

He then exchanged handshakes and spoke with officials and some construction workers wearing hard hats.

But it was impossible to hear what he was saying over the noise of his waiting Marine One helicopter.

Trump didn’t answer reporters’ shouted questions before climbing aboard.

Instead, he wrote on his social media site, “We are just leaving the White House Lawn on the maiden voyage from the newly built, and very beautiful, Heliport!”

New York City Mayor Zohran Mamdani and President Donald Trump have just been holding talks in the Big Apple.

Mamdani said he invited the president to his official residence, Gracie Mansion, while Trump is in town for the United Nations General Assembly this week.

Their closed-door discussions covered affordable housing and immigration in the city.

Talking to media after they wrapped up Trump, standing next to Mamdani, addressed his ban on certain media outlets from the White House, calling it an “obligation.“

“I have an obligation not to allow them into another very special house,” Trump said. “The White House is the most special of all houses.“

Mamdani said he told Trump that he was going to have all members of the media present, even as the president has banned CNN, Politico and MS NOW from the White House.

“I told the president that we’re going to have all of the members of the press here on the lawn, and that is something that I believe in.”

Australia has joined more than 20 other nations calling for regulation and safety guardrails around AI.

Their demands were released in a joint statement on Tuesday (AEST) as world leaders gathered ahead of the United Nations General Assembly in New York.

They include a UN-style international body that would establish standards and monitor AI use.

Prime Minister Anthony Albanese said it was vital human retained control of the evolving technology.

"Australians do want to know that artificial intelligence won’t be in control of us. We need to shape how it rolls out, rather than have artificial intelligence shape the way that our society functions."