Need 2 Know: Massive Data Breach, Sharing with you Delivery Driver
These are the headlines you Need 2 Know.
* **Capital One Hack:** A woman has been charged in connection with a massive Capital One data breach. The alleged hacker, Paige Thompson, gained access to more than 100 million credit card applications and accounts over a 14-year period. Thompson worked for Amazon Web Services, which hosted the Capital One database that was breached. The breach includes 140,000 Social Security numbers and 80,000 bank account numbers. [NPR](https://www.npr.org/2019/07/30/746475401/woman-charged-as-hacker-of-capital-one-data-that-exposes-over-100-million-custom).
* **Brazil Prison Murders:** At least 57 prisoners were killed by fellow inmates at a prison in northern Brazil. Sixteen of those killed were decapitated. Authorities say members of an organized crime group set fire to a part of the prison housing another organized crime group. Police couldn’t enter the prison for hours as a result of the fire, which spread quickly. [AP News](https://www.apnews.com/e7ae37c2223b4a2a8e81c93a58e0ca2e).
* **Calif. Food Festival Shooting:** Police say the 19-year-old gunman who opened fire at the Gilroy Garlic Festival bought his "AK-47-type" weapon legally in Nevada. Among the three victims killed were two kids: 6-year-old Stephen Luciano Romero and 13-year-old Keyla Salazar. Twenty-five-year-old Trevor Irby is the third victim. The motive is still unknown. [CBS News](https://www.cbsnews.com/live-news/garlic-festival-mass-shooting-gilroy-california-victims-suspect-santino-william-legan-live-updates/).
* **Democratic Debates: Round Two:** Tonight is the first night in the second round of Democratic debates. Taking the stage tonight in Detroit: Pete Buttigieg, Bernie Sanders, Elizabeth Warren and Beto O’Rourke. The debate starts at 8pm ET on CNN. Here’s everything you Need2Know: [Read it](https://www.politico.com/story/2019/07/30/democratic-debate-2019-detroit-time-date-candidates-details-1439241).
* **9/11 Bill:** President Trump has signed legislation that effectively gives permanent funding to sick 9/11 responders. The president was joined by first responders and their families for the signing in the Rose Garden. The bill, called “Never Forget The Heroes,” is named in honor of first responders James Zadroga, Ray Pfeifer and Luis Alvarez. [ABC News](https://abcnews.go.com/Politics/trump-signs-911-victim-compensation-fund-bill-responders/story?id=64630468).
* **India’s Tigers:** India’s Bengal tiger population has grown to almost 3,000, a 33 percent increase since 2014. Prime Minister Narendra Modi called the tiger count a “historic achievement” for India, where the national animal is endangered. Some caution India’s conservationist training is “abysmal.” [CNN](https://www.cnn.com/travel/article/india-tigers-modi-scli-intl/index.html).
* **Uber Layoffs:** Uber has laid off one third of its global marketing team, giving about 400 people the pink slip. The company, which went public in May, lost about $1 billion in the first three months of the year. The ride-hailing company faces questions about its profitability. [NY Times](https://www.nytimes.com/2019/07/29/technology/uber-job-cuts.html).
* **’Old Town Road’ Still on Top:** Lil Nas X’s Old Town Road has spent 17 weeks at the top, breaking the Billboard Hot 100’s record as longest-running No. 1 single. The 20-year-old singer dethroned One Sweet Day and Despacito, which both held the top spot for 16 weeks. In the last week, the song had 72.5 million streams in the U.S. [Billboard](https://www.billboard.com/articles/columns/chart-beat/8524235/lil-nas-x-old-town-road-longest-number-one-hot-100).
* **Lori Loughlin’s Daughters:** The daughters of Lori Loughlin and Mossimo Giannulli have broken their social media silence by posting happy birthday messages to Loughlin on Instagram. Olivia Jade and Bella had been mum on their pages since their parents were charged in connection with the college admissions scandal. [See posts](https://abcnews.go.com/GMA/Culture/lori-loughlins-daughters-break-social-media-silence-varsity/story?id=64636596&cid=clicksource_4380645_null_card_hed).
* **Copycat:** A jury in California has found Katy Perry guilty of copyright infringement. The suit against Perry was brought by Marcus Gray, a Christian rapper, who claims Perry’s Dark Horse was similar to his song, Joyful Noise. [Hollywood Reporter](https://www.hollywoodreporter.com/thr-esq/katy-perrys-dark-horse-copied-christian-rap-song-jury-finds-1227297).
* **Food Sharing:** You may be closer to your delivery driver than you think. A new study by US Foods shows 28 percent of delivery drivers have taken food from an order. More than half of delivery drivers said they are tempted by the smell of the food they’re delivering. [Read the report](https://www.usfoods.com/our-services/business-trends/2019-food-delivery-statistics.html).
Cheddar's Hena Doba and Jill Wagner get into the latest.
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Stocks closed lower on Friday as investors continue to worry over rate hikes. John Lynch, CIO of Comerica Wealth Management, joins Cheddar News' Closing Bell, where he says value is back in play with investors. Lynch also believes the market has overreacted to the latest Fed minutes, suggesting a bounce-back at some point.
Private equity firms in 2021 spent $401.71 billion in U.S. tech investments — doubling 2020's level of $196.34 billion. As tech becomes increasingly interwoven into our lives amid the pandemic, investors grow bullish on the sector, especially software-as-a-service companies. How will 2022 stack up to 2021, and is there potential for parts of the tech sector to sink this year? John Jannarone, Editor in Chief at IPO-Edge, joins Cheddar News' Closing Bell to discuss 2021's record year of deals, how potential interest rate hikes will impact tech investments in 2022, the fastest-growing IPOs, and more.
Bed Bath & Beyond delivered disappointing fiscal third-quarter results for 2022. Shares initially dove more than 9% in premarket trading on the news but finished the day up nearly 8%. Bed Bath & Beyond has been a meme-stock target for online investors in the past -- so was meme-stock mania a factor in the recent stock movement for the company? Jaime Rogozinski, the founder of the subreddit WallStreetBets, joins Cheddar News' Closing Bell for more, as his forum helped spark the meme stock phenomena. He also discussed some decentralized finance services and trends for the retail investor to watch for in 2022.
College athletes scored big in 2021 when they were finally allowed to begin earning money based off of their name, image, and likeness, known as NIL. But how can young athletes best manage their money so they can set themselves up for years of success? Nicole Pullen Ross, Head of Goldman Sachs Sports and Entertainment Solutions, joins Cheddar News' Closing Bell to discuss why financial management for college athletes is important, common pitfalls they could run into, and more.
December's jobs report was weaker than expected: the economy only added 199,000 nonfarm payrolls compared to an estimate of 422,000. However, the unemployment rate hit a new pandemic-era low of 3.9%, beating expectations. One thing to consider is the fact that the impact of the COVID-19 omicron variant is not factored into these results as the read is taken around the middle of the month. So — how might the variant impact job reports over the next few months? Mark Zandi, Chief Economist at Moody's Analytics, joins Cheddar News' Closing Bell to discuss December's jobs numbers, his 2022 labor market outlook, how COVID-19 will continue to impact the labor market, and more.
Digital medical care provider Pear Therapeutics rang the closing bell on the Nasdaq Friday and President and CEO Dr. Corey McCann, joined Cheddar to talk about how the company plans to grow the business of software-based therapeutics and how the first FDA authorized prescription digital therapeutics company will go about treating illnesses like insomnia and addiction. "These really are pieces of software. In many cases, they're apps and in the cases of our addiction products, these are based on something called cognitive behavioral therapy or CBT," he said. "These products change the patient's brain circuitry to help them be abstinent, to help them stay in treatment, and that's exactly what we see in randomized clinical trials and that's what we see in the real world." He also addressed the ongoing mental health crises brought on by the pandemic. **copy updated to remove IPO information as Pear Therapeutics went public in December**
Gamestop shares were up on The Wall Street Journal report that the video game retail company plans to enter the NFT and crypto space. Adam Hollander, the founder of Hungry Wolves NFT, joined Cheddar to break down how it could be a lifeline for the struggling meme stock darling. "They're not resigning themselves to becoming the next Blockbuster story, and so while people may not be buying as many video games in a retail environment anymore, NFTs, in particular, people are starting to expect more gaming utility on the backend — at least for a variety of projects — and I personally think its a very smart move for them to do this," Hollander told Cheddar.
On Saturday, New York will join neighboring New Jersey and Connecticut in authorizing mobile sports betting. Matt Kalish, president and co-founder of Draftkings North America, joined Cheddar to talk about the landmark change that is estimated to rake in $500 million in annual tax revenue on a potential billion-dollar market. Kalish also addressed the possibility that legalized sports betting in the Empire State could cannibalize his company's revenues in the bordering states. "It's pretty inconvenient, you know, to go across the border to make a bet. And people were doing it, but I think it really stifled a lot of the opportunity," he said. "So while there's some of that going on, I think really a tremendous amount, like a giant percent, of New York will be very incremental."
James Tattersall, director of sales and marketing for Lake Nona Wave Hotel, talks about the hotel's initiatives to foster diversity and how these amenities champion inclusivity in the Orlando area.
Desmond Howard, former NFL wide receiver and Modelo college football playoff ambassador, joins Cheddar News to talk about the Modelo sweepstakes honoring the 30th anniversary of his iconic punt return.
