These are the headlines you Need 2 Know. * **California Fires:** The death toll from the Camp Fire has risen to 56 with the statewide number at 59. More than 100 people are missing and authorities are reportedly asking family members of the missing for DNA samples. Many of the victims were elderly residents of the tiny wooded town of Magalia who were unable to get out on the single road. Read more [here](https://www.cbsnews.com/live-news/california-fires-camp-woolsey-containment-evacuations-death-toll-2018-11-14-live-updates/). * **Avenatti Arrest:** Michael Avenatti, the lawyer for adult film star Stormy Daniels, has been arrested on a felony domestic violence charge. Avenatti told reporters after getting bailed out that he has “never struck a woman” and “will never strike a woman.” Police say the alleged victim ー who has not been named ー had visible injuries. Read more [here](https://www.usatoday.com/story/news/2018/11/14/michael-avenatti-arrested-following-domestic-violence-incident/2006582002/). * **Congressional Leadership:** Lawmakers have begun the process of electing the leaders of the next Congress. Rep. Kevin McCarthy of California was elected House Minority Leader on the Republican side. Meanwhile, an internal battle is brewing among Democrats over whether to hand Rep. Nancy Pelosi the speaker’s gavel again. At least 17 Democrats are opposing her election as Speaker, though no one has yet come forward to run against her. Read more [here](https://www.washingtonpost.com/powerpost/pelosi-faces-daunting-challenge-in-speakers-bid-as-democratic-foes-stand-firm/2018/11/14/29c1e018-e83a-11e8-a939-9469f1166f9d_story.html?utm_term=.51fc7b423e72). * **Fox & Friend, CNN:** Fox News is supporting CNN in its lawsuit against President Trump after the White House revoked correspondent Jim Acosta’s press credentials. CBS, NBC, and other outlets are also supporting CNN. The judge hearing the case is expected to make a ruling today. Read more [here](https://deadline.com/2018/11/fox-news-supports-cnn-in-lawsuit-to-restore-jim-acostas-white-house-credentials-1202501801/). * **Brexit Chaos:** The risk of a chaotic U.K. exit from the European Union is increasing as the March 2019 deadline nears. Two government ministers resigned in protest to the framework Brexit deal that Prime Minister Theresa May negotiated, putting it in doubt. Investors are deeply worried the U.K. will “crash out” of the EU and destabilize global markets. Read more [here](https://www.cnn.com/2018/11/15/investing/pound-sterling-brexit-uk/index.html). * **HQ2 Rents:** If you live near the sites of the proposed new Amazon headquarters in Virginia and New York and don’t own your home, prepare for your rent to go up. Realtors are already reporting a land rush of buyers for condos in Arlington and Long Island City, where some apartments are being sold, sight unseen, over text message. Read more [here](https://www.cheddar.com/videos/renters-in-long-island-city-will-front-the-burden-from-hq2). * **Sports:** Jacob deGrom of the Mets and Blake Snell of the Rays were awarded the coveted Cy Young Award for the best pitchers in the American and National leagues. Both are first-time winners. Read more [here](https://www.cbssports.com/mlb/news/mets-jacob-degrom-rays-blake-snell-capture-2018-cy-young-awards/). * **Tom Too Short:** Tom Cruise won’t be playing action hero Jack Reacher on the small screen, despite playing the character twice in the movies. That’s because creator Lee Child says Cruise is too short and “didn’t have the physicality.” Cruise is 5 ft. 7 in. and Reacher is described as 6 ft. 5 in. Read more [here](https://www.bbc.com/news/entertainment-arts-46207601). * **Raccoon Scare:** Residents in a West Virginia neighborhood had been calling police about suspected rabid raccoons ー but turns out they were drunk, so to speak, on fermented crabapples. Read more [here](https://www.huffingtonpost.com/entry/drunk-raccoons-west-virginia_us_5bebdafce4b0783e0a1db81e). * **Diner Detox:** Some restaurants in New York and New Jersey are encouraging diners to ditch their phones while dining. At one New York City restaurant, there are boxes on the table. If diners choose, they can place their phones in the box for the duration of the meal. At a New Jersey restaurant, diners can do the same with champagne buckets. Read more [here](https://newyork.cbslocal.com/2018/11/14/phone-free-dining/). * **CMAs:** Keith Urban was named ‘Entertainer of the Year’ at The Country Music Association Awards. The ceremony, hosted by Carrie Underwood and Brad Paisley, was dedicated to the 12 people killed at a country bar in Thousand Oaks, California. Chris Stapleton won ‘Male Vocalist of the Year’ among other awards. [See winners](https://www.usmagazine.com/celebrity-news/news/country-music-awards-2018-full-list-of-nominees-and-winners/). Cheddar's Hena Doba gets into the latest. Subscribe to the Need 2 Know newsletter [here](https://theneed2know.com).

Share:
More In Business
17 Digital Asset Firms Launch CMIC, Committing to Safer Markets and Working with Regulators
Soildus Labs, a market compliance and surveillance technology provider for crypto firms, has spearheaded the launch of the Crypto Market Integrity Coalition, a pledge committing to a safe and sensibly-regulated crypto industry. Kathy Kraninger, VP of Regulatory Affairs at Solidus Labs, discusses on Cheddar News' Closing Bell the biggest problems in the digital asset space that this new initiative plans to solve.
Stocks Close Mixed as Investors Process Earnings, Look Ahead to Thursday CPI
Stocks closed mixed Monday as a broader tech sell-off continued, leading the Nasdaq to close down 0.58%. Investors are keeping an eye on earnings, and also looking ahead to Thursday's CPI data, which will give an idea of how hot inflation could still be running. Steve Sosnick, Chief Strategist at Interactive Brokers, joins Closing Bell to discuss today's close, the Federal Reserve's plans to raise interest rates and taper asset purchasing, his 2022 market outlook, and more.
Chip Shortage Continues to Impact Automobile Production
The global chip shortage continues to weigh on the automotive industry. For example, Ford says it is suspending or cutting production at eight of its factories in North America through next week due to the shortage. Balu Balakrishnan, President and CEO of Power Integrations, joins Cheddar News' Closing Bell, where he elaborates on why the chip shortage has dragged into 2022.
Dan Ives: Apple is Likely 'Aggressively' Pursuing Peloton Takeover
Peloton has weathered a seemingly never-ending storm the past few months: PR blunders, sinking customer demand, and in recent weeks, reported cost-cutting and potential layoffs. Now, several companies are said to be in the mix as potential buyers: Amazon, Netflix, Disney, and Apple. How likely is it that one of these companies pursues a deal — and how likely is it that it will be Apple who buys Peloton? Dan Ives, Managing Director of Equity Research at Wedbush Securities, joins Closing Bell to discuss his thoughts about Apple pursuing a Peloton takeover,
Astra Scrubs NASA ELaNa 41 Space Launch, Sees Its Stock Fall
Astra aborted the launch for NASA ELaNa 41 Mission out of Cape Canaveral on Monday due to what was described as a minor issue, but the company's stock fell nearly 14 percent following the news. Jim Cantrell, CEO and co-founder of Phantom Space, which builds and launches spacecraft of its own, joined Cheddar to discuss the scrubbed mission. “The last thing you want is for this to go wrong, you're better to err on the side of safety expectations,” Cantrell explained, noting that the mission delay was a normal event.
TC BioPharm Goes Public, Looks to Future of Cancer, COVID-19 Cell Therapies
TC BioPharm, a biopharmaceutical company focused on developing cell therapy products targeting, went public on the Nasdaq in January. CEO Bryan Kobel joined Cheddar to talk about the company's IPO launch, its cancer-fighting therapeutics tech, and its potential for using its research to treat COVID-19. "The opportunity here for us is to really get safety data and covid and expand into other areas," Kobel said. "So from COVID, where we hope to treat patients, hopefully maybe the elderly population, populations that that really can't handle the antivirals because they're too hard in the system, well then we'll expand out into maybe severe influenza Ebola, other viral and viral infections where we think we can be helpful."
Load More