Here are the headlines you Need2Know for Wednesday, August 14, 2020:

ISRAEL-UAE PEACE DEAL: Israel and the United Arab Emirates have agreed to establish formal diplomatic ties in a deal brokered by the White House. As part of the agreement, Israel will suspend a plan to annex parts of the occupied West Bank. The UAE is the first Gulf Arab state to formalize a relationship with Israel, though the two countries have had a working relationship for years and have a common enemy in Iran. Israeli PM Benjamin Netanyahu said annexation is off the table for now, at the request of President Trump. AP

MAIL-IN VOTING:

TRUMP’S POSITION: President Trump admitted that he is opposing funding for the Postal Service because it would make it easier to vote by mail in November. “They need that money in order to have the Post Office work so it can take all of these millions and millions of ballots,” Trump said in an interview with Fox Business. “But if they don’t get those two items that means you can’t have universal mail-in voting, because they’re not equipped to have it.” Later, he said he wouldn’t veto a stimulus bill that includes more money for the USPS. NY TIMES

MACHINES REMOVED: The USPS has reportedly started removing some mail-sorting machines at several processing facilities around the country. These are the machines that would sort mail-in ballots. The Post Office says it’s routine, though union officials say the removals are more widespread than normal. VICE

CDC'S DIRE WARNING: The director of the CDC warned that the U.S. is on the verge of “the worst fall, from a public health perspective, we’ve ever had.” Every American should be doing four things, he said: “wear a mask, social distance, wash your hands and be smart about crowds.” Wednesday was the deadliest day of the summer, with 1,499 deaths reported nationwide. California just became the first state to hit 60,000 cases, though Gov. Newsom says they are “turning the corner.” CNN

LAKE FIRE: A raging wildfire in southern California has grown to 11,000 acres, with 5 percent containment. The Lake Fire is burning about 60 miles north of L.A. Hot and dry temperatures are in the forecast for the weekend, which will make it difficult for firefighters to get the fast-moving blaze under control. Officials say 5,000 structures are threatened. CBS NEWS

GLIMMER OF HOPE IN LABOR MARKET: For the first time since the pandemic began, the number of workers filing for unemployment dropped below 1 million last week. It’s an encouraging sign for the economic recovery, though the stock market didn’t react much. The S&P 500 has been flirting all week with a record high, which it last set in February. If the index gains just 0.4 percent, it will officially be the shortest bear market in history. MARKETWATCH

APPLE VS. FORTNITE: Apple dropped Fortnite from the App Store after the company that makes the enormously popular game encouraged users to pay it directly, rather than through Apple, which takes a 30 percent cut. Hours later, the Google Play Store also removed the game. The move is a major escalation in one of the most contentious issues in tech: whether Apple’s dominant App Store is a monopoly. Epic Games says it’s suing in federal court to show that it is. THE VERGE

NBA PLAYOFFS: The strangest regular season in NBA history ends today and the first-round playoff matchups are set, at least for the most part. The Blazers and Grizzlies will meet tomorrow for a play-in game to determine the final seed in the West. The Suns went an amazing 8-0 in the bubble but still missed the playoffs, while the Spurs ended their incredible 22-season run of making the postseason. SCHEDULE & STANDINGS

BOX OFFICE EASING BACK: AMC will begin reopening movie theaters in the U.S. next Thursday, with a special one-day promotion to help get butts in seats -- any movie at any theater for 15 cents. The theater chain will reopen 100 locations, with 300 more to follow in the following two weeks. Meanwhile, two big Hollywood movies come out today -- but only in Canada. The SpongeBob Movie and Unhinged, starring Russell Crowe, open at 300 Canadians theaters. Because Canada is considered part of the domestic box office, both films will become the de facto highest-grossing movies of the summer. TECHCRUNCH

SPOTTED...

…Steve-O, of Jackass fame, duct-taped to a billboard in L.A. to promote his upcoming streaming special: SEE IT

...an epic save by Officer Erika Urrea of the Lodi, Calif. Police Department. Urrea rescued a man in a wheelchair who became stuck on the railroad tracks just as a train was approaching. Watch her pull him to safety with seconds to spare: SEE IT

LEFTOVERS: SONG OF THE SUMMER: Usually by mid-August, the Song of the Summer has been solidified. Last year it was Old Town Road; the year before, In My Feelings; the year before that, Despacito. With the pandemic splintering the world of pop music -- no concerts, no bars, no big parties to build consensus -- this year’s summer jam has been less obvious. The Billboard Hot 100 went six weeks in May and June with six different songs at No. 1 before DaBaby’s Rockstar rose to the top, where it stayed for the next six straight weeks. The smash hit was just dethroned this week by Harry Styles’ Watermelon Sugar, making a late surge. BILLBOARD

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 Culture
Bringing Black History Month Celebrations to Your Business
While Black History Month is a time to celebrate the achievements of Black Americans, it's also a time to reflect on how they can be better heard and supported. Black Americans are still fighting for voting rights, facing more severe impacts from COVID-19, and experiencing gaps in workforce representation and pay. Alexandra Schrecengost, hybrid work expert and CEO of "Virtual With Us" and "Culture With Us,' joined Cheddar News to discuss.
Whats in Store for Univision's Premio Lo Nuestro 2022
Premio Lo Nuestro 2022 is kicking off awards season this month with its 34th show. The star-studded event will include performances from Pitbull, Luis Fonsi — and even Sting with his new Spanish-language single "Por Su Amor." Ignacio Meyer, the vice president of music and non-scripted entertainment, Univision, joined Cheddar News to talk about the music award show details. "We’ve actually still got plenty of surprises that were going to be announcing," Meyer said. "We're not done announcing the star power just yet." Singer Camilo leads with 10 nominations going into the event.
Real Estate Key to Closing Wealth Gap Even as Black Spending Power Hit $1.6 Trillion
Black spending power reached a record $1.6 Trillion in a 2021 report from the University of Georgia Selig Center for Economic Growth. Ayesha Selden, certified financial planner, breaks down why real estate is the key to closing the racial wealth gap and how Black Americans are using social media to improve financial literacy. "If we look at home ownership as being a primary driver of wealth, when you look at the equity that Americans have in their homes, that equity can be used to buy additional assets like other rental properties. That equity can be used to educate our children," Selden said, noting that lower rates of home ownership meant Black Americans tend to incur more debt on average for their student loans.
Upcycling in Fashion; TikTok Dominating Style Trends
On this episode of Cheddar Reveals, Dr. Kate Strasdin, fashion historian & senior lecturer in Cultural Studies at Falmouth University, discusses the lessons industry leaders draw from history to make fashion more sustainable today; Kendall Becker, fashion editor and trend forecaster, forecasts the hottest trends of 2022, and what will be left in 2021; Cheddar gets a look at Curiosity Stream's 'Going Circular.'
TikTok Dominating Style Trends
Kendall Becker, fashion editor and trend forecaster, joins Cheddar Reveals to forecast the hottest trends of 2022, and what will be left in 2021.
Does Owning Crypto Really Make Daters More Desirable?
A new survey from Etoro suggests that talking crypto might actually help Americans on the dating scene find love...or at least land another date. The survey found that 74% of respondents would be more interested in going on a second date with a person that pays the bill in Bitcoin. Callie Cox, Etoro's U.S. investment analyst, joined Cheddar News to discuss.
Energy Vault Begins Trading on the NYSE Following SPAC Merger
Energy Vault, the company developing sustainable, grid-scale energy storage solutions, is now trading on the New York Stock Exchange following the completion of its business combination with Novus Capital Corporation II. Energy Vault develops sustainable, grid-scale energy storage solutions designed to advance the transition to a carbon free, resilient power grid. Robert Piconi, co-founder and CEO of Energy Vault, joins Cheddar News' Closing Bell to disucss.
Load More