Here are the headlines you Need2Know for Tuesday, November 30, 2020:

COVID-19: LATEST DEVELOPMENTS

Anyone who traveled over Thanksgiving should “assume that you were exposed” to the coronavirus and get tested this week while avoiding contact with people who are elderly or have underlying conditions. That plea came from Dr. Deborah Birx on Sunday, and followed Dr. Fauci’s warning of a “surge upon a surge” that will hit in the next few weeks. In an abrupt change, NYC will reopen public elementary schools a week from today and abandon the controversial 3 percent test-positivity threshold. Middle and high schools in the country’s largest public-school system remain online-only for now. NY TIMES

BIDEN TRANSITION

President-elect Biden has announced an all-female communications team to be led by Jen Psaki, a former Obama adviser, as White House press secretary. He is also said to have also chosen Neera Tanden, a divisive figure in Democratic circles, to lead the budget office. Arizona and Wisconsin are set to certify their election results today (a recount in Wisconsin is over and reaffirmed Biden’s win there). The president-elect will likely have to wear a boot for a while after he fractured his foot while playing with his dog over the weekend. NPR

IRAN VOWS REVENGE

The supreme leader of Iran is calling for “definitive punishment” over the killing of the country’s top nuclear scientist. Mohsen Fakhrizadeh was assassinated by a 12-person hit squad near Tehran on Friday in a sophisticated plot that had all the hallmarks of being conducted by Israel’s Mossad. Iran’s hardline state media has been casting Fakhrizadeh, who will be buried with full honors, as a martyr. There is growing concern that the brazen killing could destabilize the region just as a new U.S. administration is coming in. One Iranian newspaper called in an op-ed for a strike on the Israeli port city of Haifa. Israel’s embassies around the world have been put on high alert. REUTERS

TRANSATLANTIC ALLIANCE

The European Union is reportedly working on a proposal for a new transatlantic alliance with the U.S. in the post-Trump era. The draft plan proposes rebuilding ties on issues from trade to digital regulation as a way to counter the rise of China. Relations between the U.S. and many EU member states have been strained under the Trump administration. FT

IN MEMORIAM: TONY HSIEH

Tributes continue to pour in across the business world for Tony Hsieh, the founder of Zappos.com who died on Friday from injuries he sustained in a house fire. Hsieh was known as a visionary entrepreneur who was among the first to understand how to get customers to buy things on the internet -- namely, through a fanatical devotion to customer service. He pioneered a famous employment policy in which Zappos would pay new employees $1,000 to quit. The idea being: if they took up the offer, they didn’t have the sense of commitment the company was looking for. Hsieh was 46 years old. INC

CYBER MONDAY

In a Covid world, is there even a difference between a Black Friday that primarily happened online and the typical Cyber Monday online sales event that takes place today? Who knows. But the deals are still aplenty. The hottest big-ticket items this year are arguably the Xbox Series X and PlayStation 5, but good luck finding them in stock, virtually or physically. CBS NEWS

FOOTBALL: HIGHS & LOWS

NFL IN DISARRAY: The NFL’s marquee regular-season weekend did not go smoothly. The Broncos played their Sunday game against the Saints with a practice wide receiver at QB after all of the team’s quarterbacks were all sidelined under the COVID-19 protocol. It did not go well. Meanwhile, the Steelers-Ravens matchup that was supposed to be the big Thanksgiving night game was postponed to Sunday and then postponed again until tomorrow. In the NFC East, the N.Y. Giants are in first place with a record of ... 4-7. SBNATION

HISTORY MADE: Meanwhile, history was made in college football on Saturday when Sarah Fuller became the first woman to play for a Power 5 team. Fuller, who is normally a goalkeeper for Vanderbilt’s soccer team, kicked off to open the second half in the Vandy-Mizzou game: WATCH THE KICK

'CROODS' CRUSHES

The box office just had its biggest opening of any movie since before the pandemic. The Croods: A New Age took in $9.7 million domestically, or $14.2 million over the five-day Thanksgiving weekend, beating out Tenet for the best opening haul since Disney’s Onward in March. Box office analysts were shocked by the opening and say it shows that the movie theater experience is resilient and could be set for a huge rebound post-vaccine. VARIETY

SPOTTED...

...the actress Rebel Wilson, who has been chronicling her weight loss on social media, announcing that she has hit her goal weight for her “Year of Health” journey a month early: SEE PICS

LEFTOVERS: MISSING MONOLITH

A large, silvery metal monolith that mysteriously appeared in the Utah desert has just as mysteriously vanished. The Bureau of Land Management says the monolith was removed sometime on Friday. No one knows what it was or who put it there, though the art world has been speculating that it was the work of the late sculptor John McCracken, who reportedly wanted his art to be left in remote places to be discovered after his death. AP

Listen to the N2K Podcast! Looking for more context and analysis on the big stories of the day? Check out our podcast! Hosts Jill and Carlo break down the headlines, every weekday morning Listen on Apple or Spotify, or watch on YouTube, and send us your feedback!

Share:
More In Business
New York's Tax Rate Poses Potential Challenge to Mobile Sportsbooks
Earlier this week, New York's gaming commission approved nine mobile sports platforms to operate in the market, but each respective sportsbooks' revenue will be taxed at 51%, tied for the steepest rate in the country. Eben Novy-Williams, sports business reporter for Sportico, joins Cheddar News' Closing Bell where he breaks down the challenge sportsbooks face to be profitable in the region.
Ethereum Generating Buzz Following Recent Hot Streak
Rich Rosenblum, Co-Founder and President of crypto trading firm GSR, joins Cheddar News' Closing Bell, where he explains why investors are rushing to Ethereum and breaks down the advantages it holds over other digital assets.
Next Week on the Street: Earnings, Retail Sales Data, Biden GM Plant Visit
Earnings season continues in the week of November 15-19, with results on tap from Walmart, Home Depot, Lowe's, Target, and more. New economic data on Tuesday will provide a deeper look at the retail space when the Commerce Department releases October retail sales numbers, following this week's hot inflation data. Plus, President Biden is set to visit GM's electric vehicle factory in Michigan, where he is expected to formally introduce the plant's grand opening.
Saving on Energy This Holiday Season; Refreshing Your Home Aroma
On this episode of 'Your Future Home', Chip Wade, Emmy Award-winning HGTV Host, breaks down all the ways you can avoid breaking the bank on energy costs this holiday season, especially when it comes to outfitting your home with smart tech; Dr. Wendy Osefo, Entrepreneur, Professor & Cast Member of Bravo's 'Real Housewives of Potomac', discusses her popular new Onyi Home Essentials line and how ideas of family and legacy helped shape it; Cheddar breaks down everything you need to know about how to determine your non-negotiables when purchasing a house.
Data Helping the Seattle Seahawks Win Off the Field
One NFL team says it is using data to help it win off the field. The Seattle Seahawks say they want to be a source of inspiration for other organizations that want to reap the rewards of a data-driven culture and aim to show the unlikely role data can play in professional sports operations. Seattle Seahawks Director of Business Strategy and Analytics Paimon Jaberi joins Cheddar News' Closing Bell to discuss.
Disney Misses Wall Street Estimates in Its Fourth Quarter
Disney saw misses on both its top and bottom lines for its fourth quarter. The entertainment giant also fell just short of Wall Street expectations for new Disney+ subscribers. CFRA Research media and entertainment analyst Tuna Amobi joined Cheddar News' Closing Bell to break down what this means for the future of Disney.
Johnson & Johnson Latest Company to Split Business Units
Johnson & Johnson is the latest company to announce this week it is splitting into two companies, separating its consumer operations from its pharmaceutical and medical devices unit. Electronics firm Toshiba also made a similar announcement today, and General Electric earlier this week also said it would be spinning off its aviation, healthcare, and power businesses. What does this mean for investors - and will this become a trend among conglomerates? Barron's Senior Writer Al Root joins Cheddar News' Closing Bell to discuss why Johnson & Johnson is splitting up, what this strategy means for conglomerates, and why they might pursue a break-up.
Used Car Sales Platform Shift Reports Record Q3 Revenue
Business is booming for the used car marketplace Shift while the automotive industry as a whole struggles with demand and supply chain issues stemming from the global semiconductor shortage. Co-CEO and co-founder George Arison joined Cheddar's "Closing Bell" to talk about the company's stellar Q3 earnings and how it was able to meet demand.
Load More