These are the headlines you Need 2 Know.
* **Exit Interview:**
Outgoing White House chief of staff John Kelly has opened up about his tumultuous tenure in an interview. Kelly said that the administration abandoned the idea of a concrete border wall long ago and blamed former AG Jeff Sessions for the family separation policy that caused chaos at the border. Read more [here](https://www.latimes.com/politics/la-na-pol-john-kelly-exit-interview-20181230-story.html).
* **Wall War:**
President Trump is using the wall at the Obamas’ home as validation for a border wall as the government shutdown enters week two. He tweeted Sunday the Obamas’ wall is “totally necessary for their safety and security. The U.S. needs the same thing, slightly larger version!” Read more [here](https://thehill.com/homenews/administration/423273-trump-us-needs-border-wall-like-obamas-needed-privacy-wall-outside-dc).
* **Lion Attack:**
A 22-year-old woman was killed by a lion after it escaped its enclosure at a zoological park in North Carolina. The victim was an intern at Conservators Center. The lion was shot dead. Read more [here](https://www.usatoday.com/story/news/nation/2018/12/30/lion-attack-worker-killed-after-lion-escapes-north-carolina/2445734002/).
* **Putin's Message:**
Russian President Vladimir Putin has written a New Year’s letter to President Trump, saying that he’s “open to dialogue” with the U.S. The Kremlin posted a summary of the letter on Sunday. Read more [here](https://abcnews.go.com/International/wireStory/putin-tells-trump-years-letter-open-meeting-60077657).
* **Ebola:**
An American is being monitored in Nebraska after possible exposure to the Ebola virus. The person, who is not sick, had been treating patients in the Democratic Republic of Congo, which is currently going through one of the deadliest Ebola outbreaks in history. Read more [here](https://www.npr.org/2018/12/30/681016402/american-flown-to-nebraska-after-possible-ebola-exposure).
* **Minimum Wage:**
The minimum wage will go up in 21 states and the District of Columbia as of tomorrow. The federal minimum wage remains at $7.25. See the map of increases [here](https://www.businessinsider.com/minimum-wage-2019-state-map-2018-12).
* **Fly Like an Eagle:**
Spectators at the Cotton Bowl in Texas got an eyeful when a bald eagle landed on two fans.The North American bald eagle was supposed to fly around the stadium during the national anthem ー but plans went awry. Clemson went on to blow out Notre Dame, 30-3. Watch [here](https://www.bbc.com/news/world-us-canada-46715373).
* **Spotted…**
Actor Kevin Spacey was spotted in a rare public appearance. The actor was seen delivering pizza to paparazzi as he awaits arraignment. See the pic [here](https://www.tmz.com/2018/12/30/kevin-spacey-buys-paparazzi-pizza-sexual-assault-arraignment-court/).
* **Bird Box Blowout:**
Netflix, which is famously mum about how many people watch movies on the service, said a record-breaking 45 million accounts streamed the Sandra Bullock hit Bird Box in the first seven days of release. Read more [here](https://www.theverge.com/2018/12/30/18161741/bird-box-netflix-45-million-accounts-statistics-views).
* **Ball Drop:**
Hundreds of thousands of revelers are expected to ring in the new year in a wet Times Square tonight, with the NYPD flying drones overhead as one of many security measures. A group of journalists will press the button that drops the famous ball, officially ringing in 2019. Live look [here](https://www.earthcam.com/cams/newyork/timessquare/?cam=tstwo_hd).
A new report from ProPublica and the Washington Post found that Facebook Groups played a major role in the spread of misinformation linked to the January 6 insurrection with more than 650,000 posts claiming that Joe Biden's election victory was illegitimate.
Millions of Americans with young children have relied on the child tax credit since the federal government began issuing checks in July 2021. The last round of payments was sent out just before the Christmas holiday — at the same time as the omicron variant surged. Leah Hamilton, associate professor of social work at Appalachian State University, joined Cheddar to discuss what the end to the tax credit means as the U.S. sees the end of many relief programs and its highest number of COVID cases since the start of the pandemic. "It'll become harder for families to meet their basic needs, increasing national childhood poverty rates and the proportion of families who have difficulty putting food on the table, maintaining stable housing, and paying their bills," Hamilton said. She also pointed to research that the credit as a long-term investment in children offsets claims that it contributes to macroeconomic impacts like inflation.
U.S. President Joe Biden spoke with Ukrainian President Volodymyr Zelensky over the week-end, just days after he spoke with Russian President Vladimir Putin. The call comes as Washington prepares to meet with Moscow on January 10, as tensions mount over Russia's military build up near its border with Ukraine. Cheddar News speaks with Mustafa Tameez, a former advisor to the U.S. Department of Homeland Security, about the issue.
Several Silicon Valley insiders are being accused of contorting a 1990s-era tax break to avoid taxes on millions of dollars of investment profits. The tax break is known as the qualified small business stock exemption, and it allows early investors in certain companies to avoid half of the taxes on up to $10 million in capital gains. A piece recently published in the New York Times says venture capital firms like Andreessen Horowitz replicated the tax exemption by giving shares of companies to friends and family, who would otherwise face a 23.8% capital gains bill. The CEO of Roblox is also accused of replicating the tax break for his family members at least 12 times. Although the loophole known as 'stacking' is considered to be legal, the Times piece implies that the exemption has been manipulated for the ultra-wealthy to become more wealthy. Greycroft co-founder and Chairman Emeritus Alan Patricof joins Cheddar News' Closing Bell to discuss.
Chris Sommerfeldt, City Hall reporter for the New York Daily News, joins Cheddar News' Closing Bell, where he discusses both the wins and losses of Bill de Blasio's eight years as New York City Mayor.
The push to regulate the gig worker economy is gaining steam as the share of workers who participate in freelancing through businesses like Uber and Lyft have also exponentially grown during the pandemic. Employment attorney Mark Kluger, founding partner at Kluger Healey, LLC, joined Cheddar to break down how the battle to reclassify gig workers will continue in the new year, and why the issue continues to generate conflict. "More and more workers are using gig work as their primary source of income and as a result of that they are not like employees in the sense that they don't have benefits like health insurance," Kluger noted.
2021 saw markets continue to be impacted by the onslaught of the coronavirus pandemic -most recently in the form of the Omicron variant- in addition to the global supply chain shortage, and increased inflation. But it wasn't all bad news, as crypto soared throughout the year, and meme stocks continued to have a moment. With the year coming to a close, investors are keeping an eye out to see if they should expect more of the same in the new year. Chris Vecchio, Senior Analyst, at DailyFX tells us what market trends to be on the watch for in 2022.
