Need 2 Know: Hurricane Michael Heads to the Carolinas, Bomb Plot Foiled
These are the headlines you Need 2 Know.
* **Michael Pushes Ahead, Weakens:**
Hurricane Michael made landfall near Mexico Beach and Panama City, Fla., on Wednesday afternoon and became the strongest storm to hit the continental United States in decades. The Category 4 storm weakened as it moved inland through the Florida Panhandle into Georgia and was downgraded to a tropical storm early Thursday morning. At least two people have died and more than 800,000 customers have lost power in Alabama, Georgia, Florida, and South Carolina. Michael is now heading for the Carolinas, which are still recovering from Hurricane Florence. Read more [here](https://www.businessinsider.com/hurricane-michael-strongest-storm-in-50-years-2018-10).
* **Emergency Astronaut Landing:**
A NASA astronaut and a Russian cosmonaut were forced to perform an emergency landing after the booster on their rocket suffered an apparent failure minutes after liftoff on Thursday. The Russian Soyuz rocket was headed to the International Space Station but had to make an emergency landing in Kazakhstan. NASA reported early Thursday morning that search and rescue teams have reached the landing site, and the two crew members “are out of the capsule and are reported to be in good condition.” Read more [here](https://www.cbsnews.com/news/soyuz-rocket-launch-abort-mission-iss-nasa-astronaut-russians-ballistic-descent/).
* **Dow Plunges, Markets Quiver:**
The Dow fell over 800 points on Wednesday, marking the third-worst point decline in history. All 30 Dow stocks were in the red, and major indexes saw their biggest point drop since February. President Trump said on Wednesday that he thought the Fed “has gone crazy” in raising rates. Stocks in Asia and Europe were lower Thursday morning, suggesting the rout may continue. Read more on [Cheddar](https://cheddar.com/videos/dow-tumbles-as-investors-flee-tech).
* **Election Day Bomb Plot:**
Federal authorities have charged a New Yorker with building a 200-pound bomb that he allegedly planned to detonate at the National Mall in Washington, DC, on election day. Prosecutors said Paul Rosenfeld, 56, planned to use the bomb to kill himself and draw attention to a political system called “Sortition,” in which public officials are not elected, but chosen at random. The FBI discovered the bomb in Rosenfeld’s basement during a raid on Tuesday. Read more [here](https://www.apnews.com/3ac69f349383457eb9ace188d18a3380).
* **Missing Journalist Update:**
U.S. intelligence officials reportedly have obtained more evidence to implicates the Saudi regime in the disappearance of Washington Post columnist Jamal Khashoggi. Saudi Crown Prince Mohammed bin Salman personally ordered an operation to lure Khashoggi back to Saudi Arabia from his home in Virginia and detain him, according to U.S. intelligence intercepts of Saudi officials. Turkish officials believe that Khashoggi, a prominent critic of the Saudi government, was killed inside of the Saudi Consulate in Istanbul, Turkey on Oct. 2. Read more [here](https://www.washingtonpost.com/world/national-security/crown-prince-sought-to-lure-khashoggi-back-to-saudi-arabia-and-detain-him-us-intercepts-show/2018/10/10/57bd7948-cc9a-11e8-920f-dd52e1ae4570_story.html?utm_term=.fd68ce356f5b).
* **Limo Crash Arrest:**
The operator of the limousine company involved in the crash that killed 20 people was arrested on Wednesday in upstate New York, just four days after the accident. Almost immediately after the crash, investigators focused on the limousine company, which has repeatedly violated safety protocol. George P. Beach II, the superintendent of the State Police said, “The sole responsibility for that motor vehicle being on the road this Saturday rests with Nauman Hussain.” Hussain, 28, has pleaded not guilty to criminally negligent homicide and was released on bail Wednesday. Read more [here](https://www.nytimes.com/2018/10/10/nyregion/nauman-hussain-arrested-limo-crash.html?action=click&module=Well&pgtype=Homepage§ion=New%20York).
* **National Coming Out Day:**
Facebook has unveiled a new feature that allows users to choose the “Came Out” option as a “Major Life Event” on their profiles. This feature was added to recognize National Coming Out Day on Oct. 11. See it [here](https://www.nbcnews.com/feature/nbc-out/honor-national-coming-out-day-facebook-unveils-came-out-feature-n918811).
* **AT&T v. Netflix:**
The wireless carrier announced on Wednesday that it will launch its own streaming service to rival Netflix. The new service will be HBO-focused and feature other content from AT&T’s recent acquisition, HBO parent company WarnerMedia. The move comes as tech giants like Apple and Amazon begin to produce and distribute their own content. The service will be available next year. Read more [on Cheddar](https://cheddar.com/videos/hbo-ceo-richard-plepler-we-will-invest-a-lot-more-in-content).
* **Channing & Jessie J:**
Channing Tatum has been dating singer Jessie J for several months, US Weekly reported Wednesday. The “Magic Mike” actor and Jenna Dewan, his wife of nine years, announced their split six months ago. Read more [here](https://www.usmagazine.com/celebrity-news/news/channing-tatum-is-dating-jessie-j-after-jenna-dewan-divorce/).
* **Squirrel on a Plane:**
The Orlando PD removed a woman from a Frontier Airlines plane on Tuesday night after she brought a squirrel on board as her “emotional support animal.” The woman refused to get off the plane when she was informed that rodents, including squirrels, weren’t permitted on Frontier flights. Read more [here](https://abcnews.go.com/US/woman-removed-plane-boarding-emotional-support-squirrel/story?id=58400567).
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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.
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**
Gamestop shares were up on The Wall Street Journal report that the video game retail company plans to enter the NFT and crypto space. Adam Hollander, the founder of Hungry Wolves NFT, joined Cheddar to break down how it could be a lifeline for the struggling meme stock darling. "They're not resigning themselves to becoming the next Blockbuster story, and so while people may not be buying as many video games in a retail environment anymore, NFTs, in particular, people are starting to expect more gaming utility on the backend — at least for a variety of projects — and I personally think its a very smart move for them to do this," Hollander told Cheddar.
On Saturday, New York will join neighboring New Jersey and Connecticut in authorizing mobile sports betting. Matt Kalish, president and co-founder of Draftkings North America, joined Cheddar to talk about the landmark change that is estimated to rake in $500 million in annual tax revenue on a potential billion-dollar market. Kalish also addressed the possibility that legalized sports betting in the Empire State could cannibalize his company's revenues in the bordering states. "It's pretty inconvenient, you know, to go across the border to make a bet. And people were doing it, but I think it really stifled a lot of the opportunity," he said. "So while there's some of that going on, I think really a tremendous amount, like a giant percent, of New York will be very incremental."
Ben Armstrong, founder of Bitboy Crypto, joins Cheddar News to discuss Bitcoin's downward trend and what's next for crypto after protests in Kazakhstan cause crypto miners to shut down.
Jake Carbone, senior data analyst at InfluenceMap joins Cheddar News to talk about a new report by The Guardian and InfluenceMap that reveals how companies are creating fossil fuel ads designed to look like Google search results.
Satoshi Island is looking to become the world's first blockchain-driven economy. James Law, the chief architect of the planned private community, joined Cheddar to discuss the vision for the potential crypto capital of the world and how it will be brought to life. For people looking to live on the island, Law said they will be able to purchase land and homes and even design their own dwellings both in real life and via the metaverse. "Satoshi Island has already been digitally scanned. We have an absolute digital twin already in our metaverse," he said. Citizenship applications are expected to be launched via NFTs, he told Cheddar.
Satellite launch service Virgin Orbit has gone public on the Nasdaq via a SPAC merger with NextGen Acquisitions with a valuation of about $3.2 billion. CEO Dan Hart joined Cheddar's "Between Bells" from in front of his LauncherOne rocket in New York City's Times Square to talk about what's next after the IPO, an upcoming "Above the Clouds" mission to deliver commercial and national security payloads, and the benefits of their rockets being launched from commercial 747 aircraft. "We can launch anywhere in the world," he said. "There are almost 80 space agencies across the world, for instance, and about 10 of them have space launch. We can give them a space flight capability overnight by taking a runway and turning it into a spaceport."
Tech and entertainment giant Sony appears to be getting serious about automaking. An electric concept SUV — the Vision S-02 — was unveiled at CES 2022 and is slated to be produced by a new subdivision, Sony Mobility. This comes after the company revealed the Vision S concept Sedan at CES 2020.
The highly transmissible omicron variant of COVID-19 has forced school districts nationwide to return to virtual instruction, but there remain concerns about the quality of education students are receiving online. Andy Bird, CEO of Pearson, an education publisher and assessment service provider, joined Cheddar's "Opening Bell" to talk about steps educators and parents can take to make the remote learning experience an easier one, noting that one of the biggest advantages teachers can have is flexibility. "You cannot take a rigid timetable that works in the analog world and replicate that in the digital world. You need to have flexibility. Asynchronous learning, I think, is a very important part," he told Cheddar.
