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
The Academy of Country Music Awards to Be Broadcast Exclusively on Amazon Prime Video
Country music fans watching the Academy of Country Music Awards tonight will be doing so in a different way than years past. The ceremony will not be broadcast on network TV and will air exclusively on Amazon Prime Video. This will be the first time a major awards show will be live-streamed exclusively on a subscription video-on-demand platform. Shelly Kramer, co-founder and lead analyst of Futurum Research, joins Cheddar News' Closing Bell to discuss.
EV Sector Under Pressure Amid Russia-Ukraine Crisis, Could Impact Broader Adoption Timeline
The Russia-Ukraine crisis is doing more than just sending the price of oil skyrocketing — it's also impacting the electric vehicle sector thanks to rising prices of key metals and materials necessary for battery and EV production. How can the relatively new industry steel itself as prices rise and consumers potentially lose what little interest they had in making the switch to an electric car? John Loehr, managing director of AlixPartners Automotive and Industrial Practice, joins Closing Bell to discuss.
Atomic Raises $25 Million, Launches Investing API for Fintechs and Banks
Atomic bills itself as an investing API that allows fintechs and banks to easily integrate investing into their products by bringing the power of investing to everyone, with no account minimums. In November, the company announced its launch along with a $25 million Series A funding round. David Dindi, co-founder and CEO of Atomic, joins Cheddar News' Closing Bell to discuss.
What to Expect from Apple's Peek Performance March Event
Apple is set to unveil a new fleet of tech and services at its Peek Performance event on Tuesday. Luke Miani, a content creator, joined Cheddar News to discuss what might be expected to get unveiled, from mid-range Mac desktops to 5G service for the iPhone SE. "As 5G becomes more available and these products continue to be used, these are the types of features that consumers really need to see going forward," he said.
How High Gas Prices Might Go Amid War in Ukraine, According to GasBuddy
Americans continue to feel the pain at the pump as a result of Russia’s invasion of Ukraine. Patrick DeHaan, head of petroleum analysis at GasBuddy, joined Cheddar News to discuss how prices are being affected by the war and how much worse it could potentially get for drivers. "It's obviously a fluid situation. In one field today, I might feel differently in a half hour. But for now, I think we could see the national average realistically go somewhere into the mid $4 range, maybe $4.40 to $4.65 based on what we're seeing," he said.
Verizon on New Streaming Hub +Play to Help Manage Subscriptions
Verizon recently unveiled its new streaming hub management service called +Play to help its users bundle their myriad streaming platforms in one place. Manon Brouillette, CEO of Verizon Consumer Group, joined Cheddar News to explain the new portal. "There is a proliferation of subscription models with any type of industry, and when we asked our customers, we realized that there was a pain point there. They were losing track of how many subscription services they were paying every month," she said.
Kohl's CFO on Investor Day Plans for 100 Smaller Stores, Focus on Sephora
Retailer Kohl's revealed a changeup to its business model on its investor day with plans to open 100 small format shops over the next four years and a push to bring its Sephora brand annual sales up to $2 billion — all this while facing activist investor pressure to sell the business outright. Jill Timm, Kohl's CFO, joined Cheddar to discuss the latest direction the department store chain intends to take after its latest earnings report and while navigating the calls for new ownership. "We found that we can open a hundred stores to ensure that we're reaching more customers in smaller markets," Timm said after testing the expansion plan. "We actually expect this to be a $500 million sales opportunity, and we're targeting to return over 15 percent from this investment." She also noted the company's optimism about Sephora's future growth in the next three-and-a-half years.
Load More