Here are the headlines you Need2Know for Thursday, August 6, 2020:

COVID-19: LATEST DEVELOPMENTS: Chicago Public Schools will start the year all-virtual, leaving New York as the last major urban public school district in the U.S. planning for in-person classes. NYC, which is going on four days in a row with no virus deaths, is planning to set up checkpoints near bridges and tunnels to remind travelers coming from hot spots that they must self-quarantine or face hefty fines. In L.A., the city will start turning off the water and power at mansions that continue to host large house parties. BLOOMBERG

BEIRUT: WHAT HAPPENED? In 2013, a leaky Russian cargo ship carrying more than 2,000 tons of ammonium nitrate made a pit stop in Beirut on its way to Africa. The ship was abandoned by its owner, and its highly combustible cargo was transferred to a dockside warehouse, where it remained until this week. The explosion of that cargo on Tuesday killed more than 130 people and destroyed large parts of Beirut -- apparently the result of chronic negligence and incompetence on the part of Lebanese officials who knew of the risk. NY TIMES

CAMPAIGN WRAP: Neither political convention this year will include the typical arena-filled speech from the party’s respective candidate. Joe Biden isn’t going to Milwaukee to accept the nomination, saying he wants to set a good public health example, while President Trump is considering making his official re-election pitch from the White House lawn. Biden’s choice for VP is reportedly down to Susan Rice and Kamala Harris; he is expected to make the announcement any day. His campaign just made the biggest ad buy ever for a presidential candidate: $280 million across TV and digital through the fall, compared to Trump’s $147 million buy. AP

HIROSHIMA AT 75: Bells have already tolled today in Hiroshima, Japan, where a dwindling number of survivors are commemorating 75 years passing since the U.S. atomic bombing of that city. Known as hibakusha, the bombing’s survivors are fewer every year. They now face a world in which tensions between many of the world’s nuclear armed states are back on the rise after years of nonproliferation gains. Here are some of the first-hand accounts from the people who lived through that day 75 years ago: READ

FACEBOOK'S ANSWER TO TIKTOK: If you can’t beat ‘em, copy ‘em. Facebook has launched Reels, a video-sharing platform meant to take on TikTok. Reels lives within Instagram, giving it immediate exposure to the hundreds of millions of people who use that app every day. Facebook says Reels will focus on creators rather than just everyday users. AXIOS

NEW SAMSUNG PHONES: If you like having a big, high-end Android phone, Samsung just launched its new line of Galaxy Note devices. The Galaxy Note 20 and Galaxy Note 20 Ultra both run on 5G and feature a stylus. The top-of-the-line Note 20 Ultra has all the bells and whistles you’d expect for a smartphone that starts at $1,300. Both phones can be preordered today for shipment in two weeks. Samsung also released a new smartwatch, tablet and earbuds. THE VERGE

GOLF IS BACK: Ninety-one of the top 100 golfers in the world tee off today at the PGA Championship in San Francisco, three months after it was postponed due to the coronavirus. It’s the first golf major of the year, and will be played without fans. Among the storylines to watch: Brooks Koepka is looking to win his third straight PGA Championship; Rory McIlroy was playing some of the best golf of his life before the pandemic; and Tiger Woods will be looking to see if his bad back holds up. ESPN

ELLEN GETS BACKUP: Jay Leno, Diane Keaton and Ashton Kutcher are among the latest celebrities to throw public support behind Ellen DeGeneres as her talk show remains the subject of questions over whether she presided over a toxic and abusive workplace culture. Ellen’s brother, Vance, has also spoken out, calling his sister a “bright light in a dark world.” DEADLINE

SUMMERTIME SADNESS: Michelle Obama said on her latest podcast that she's been suffering from “low-grade depression” over the various crises roiling the country. The former first lady isn’t alone: in a survey last week, the Kaiser Foundation reported that a majority of American adults now say they believe the pandemic is taking a toll on their mental health. That number is significantly higher for people of color. SEE THE POLL

LEFTOVERS: VERY GOOD BOY: A police dog in Wales spotted a missing mother and her baby after they had become trapped in a ravine on the side of a mountain. And he did it on his first day of work. Max, a two-year-old German Shepherd who had just been licensed as an official police K-9, was called into service to aid the search and found the pair after an hour. They were OK. SKY

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
U.S. Stocks Close Mixed as Nasdaq Closes at Session High
Markets closed the day mixed, and well off their lows of the day following a market meltdown earlier in the session. The Nasdaq staged a comeback late in the day, even amid ongoing worries about the Federal Reserve raising interest rates. Doug Flynn, certified financial planner and co-founder of Flynn Zito Capito, joined Cheddar News' Closing Bell to discuss the markets' close and what's driving the major indexes.
CrossTower Partners With BankProv to Provide Crypto Lending Platform
Two companies recently announced a new partnership aimed at addressing the growing demand to borrow against crypto - digital assets capital markets firm CrossTower is partnering with commercial bank, BankProv. The companies are launching a crypto lending platform that will allow Bitcoin miners to receive loans to invest in crypto mining equipment. The companies say the program also addresses the difficulty of breaking into crypto mining due to the high cost. CrossTower research analyst Martin Gaspar joins Cheddar News' Closing Bell to discuss.
Break the Love Raises $2.5 Million Seed Funding Round to Get People Playing Tennis
Next-gen social sports platform Break the Love recently raised $2.5 million in seed funding. Break the Love's platform and iOS app allows users to discover and book group-based tennis activities, to either learn, train, or compete. The new company has already gotten support from a few big names in the world of tennis, including the coach of Naomi Osaka, as well as the United States Tennis Association and the brand Wilson. Break the Love founder and CEO Trisha Goyal joins Cheddar News' Closing Bell to discuss.
Nurses Call For Protection For HealthCare Workers
As the Omicron variant continues to sweep across the country. The US Supreme Court is expected to hear arguments at the end of this week on whether or not the Biden administration can force private companies to vaccinate or test millions of their employees. In addition, the National Nurses United has spearheaded legal action to protect nurses and health care workers, patients, and the public while on the job. President of the National Nurses Union, Zenei Cortez, joined Cheddar to discuss more.
China Crackdown on "Sissy Men"
China's ongoing crackdown of its own entertainment industry has been raising eyebrows for once now. With the ruling Communist Party instructing media companies to boycott immoral and overly entertaining stars. But the country has gone even further. Now experts warn that this could lead to further issues such as gender-based violence. Professor at the Institute of Sociology at National Tsinghua University, Hsiu-Hua Shen, and Associate Professor of Politics at Keough School of Global Affairs at the University of Notre Dame Joshua Eisenman, joined Cheddar to discuss more.
Lawmakers Reflect Back on January 6th Capitol Riots
Today marks one year since the January 6 Attack on the United States Capitol. The Country watched as supporters of then-President Trump stormed what was assumed to be the most secure building in the country in an attempt to stop the certification of the 2020 Election. Several lawmakers, including the Vice President, could be seen ducking down as they feared for their lives. Democratic Michigan Representative Dan Kildee, joined Cheddar to discuss more.
Bed Bath & Beyond's Stock Jumps Despite Earnings Miss as Meme Stock Mania Reappears
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.
Pear Therapeutics CEO on How Its Apps Work for Conditions Like Addiction
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**
Load More