The top names in entertainment, including such names as John Legend, Amy Adams, and LL Cool J, are hosting Zoom fundraisers through Richard Weitz's "Quarantunes" series to raise money for coronavirus frontline initiatives.
Hollywood agent Richard Weitz, a partner at WME, told Cheddar on Friday that the idea for the charitable musical series came from wanting to make his daughter’s birthday special amid the pandemic.
“I was throwing a surprise birthday for my daughter Demi who was turning 17, and I hired a piano player from Chicago named Dario Giraldo who played Redhead Piano Bar," Weitz said. "I wanted to organize some fun on Zoom for Demi and her friends.”
His daughter was actually the one who encouraged him to turn the concept into a fundraiser to help support those on the frontlines and others in need.
“From there we knew we had a platform and my dad kept doing it and it got a little more traction and he invited more friends," Demi Wietz told Cheddar. " I was like dad we need to raise money for the people in need right now, for charities, for organizations, for hospitals like we have this platform and we should do something with it, so we turned it into a charity benefit concert,”
The concert series, which streams over the videoconferencing platform, selects a different organization to support each week and has already raised almost $1 million to help aid workers on the frontlines
Last week, the Weitzes teamed up with Jake Wood, CEO and co-founder of Team Rubicon, a nonprofit that helps reintegrate veterans back into civilian life and already raised more than $500,000.
Woods said that the investment bank Goldman Sachs had been eager to support Team Rubicon’s efforts and during the Quarantunes event it donated almost $150,000 to the fundraiser.
“A couple weeks ago, a partner in the private wealth division at Goldman Sachs reached out to me and said, “Hey we’ve learned about this private concert series that’s going on and being hosted by this father-daughter duo in Los Angeles and we’d love to bring some of our clients into it and have the proceeds benefit Team Rubicon,’” he explained.
Team Rubicon has deployed more than 4,000 volunteers to the frontlines of the pandemic, staffing underfunded hospitals and running mobile testing clinics in major cities across the country.
Exercise equipment maker Peloton is attempting to run away from a recent bout of controversy. CEO John Foley published an open letter to employees on Thursday after reports that said Peloton was pausing production of its Bike and Tread products, delaying the opening of a new U.S. factory, and considering job cuts. In the letter, Foley wrote that the information in the reports was 'incomplete,' 'out of context,' and not reflective of Peloton's strategy. Peloton's stock responded on Friday, with shares bouncing back after falling nearly 24% in the regular session on Thursday. CFRA Research's Director of Research Ken Leon joined Cheddar News' Closing Bell to discuss.
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Simeon Siegel, managing director and senior analyst at BMO Capital Markets joins Cheddar News to discuss CNBC's report that Peloton plans to halt production, despite the company's CEO denying those claims.
Mona Zhang, states cannabis policy reporter at POLITICO Pro joins Cheddar News to discuss major factors that caused Canada's retail marijuana sales to drop last year.
Jackie Rotman, founder and CEO of the Center for Intimacy Justice joins Cheddar News to talk about why Facebook is banning ads by companies targeting women's sexual health but not ads catered to men.
The NCAA has updated its policy on transgender athletes, allowing each sport’s national governing body to make its own decisions for transgender participation. The new rule is in line with recent changes from the U.S. and International Olympic and Paralympic Committees. Joanna Hoffman, communications director of Athlete Ally, joined Cheddar News to discuss the potential impact of the new rule on the transgender community.
"Saturday Night Live" alum Will Forte is hosting the late-night comedy show this weekend alongside musical guest, Måneskin. Forte, who spent a decade working on the iconic NBC show, is currently starring in "MacGruber," the SNL-sketch-turned-movie that is now streaming on Peacock as a tv series.
TikTok recently announced that it is testing a paid subscription model. The news comes days after Instagram publicized a similar service. TikTok has made $2.3 billion from in-app purchases, but mostly through tips, in 2021, showing that its users may be open to spending money on the platform.
The NCAA voted to streamline their constitution at their annual convention on Thursday. Each of the three college divisions can decide how student-athletes can make money from outside sources but still restricts schools from directly paying its players.
If you are looking for a new job, you might want to start looking in a different city. A new report from indeed reveals how certain metro areas are seeing faster growth in job openings than others. Economist at Indeed Hiring Lab AnnElizabeth Konkel, joined Cheddar to discuss more.
