These are the headlines you Need 2 Know.
* **Two Killed in Florida Shooting:**
A 24-year-old gunman opened fire Sunday at a Madden video game competition in Florida, killing two and injuring 11 before turning the gun on himself. The shooter, David Katz, won the tournament in 2017 under the pseudonym "Bread." Police still haven’t determined a motive. For the latest [click here](https://www.cnn.com/2018/08/26/us/jacksonville-madden-shooting/index.html).
* **Remembering McCain:**
The late Arizona Senator died from cancer on Sunday. He was 81. The former Vietnam vet, prisoner of war, and six-term Republican senator was known for collaborating with lawmakers on both sides of the aisle. Here's how Republicans and Democrats are [remembering the former presidential candidate](http://www.time.com/5377616/john-mccain-political-tributes/).
* **Pope Francis Accused of Covering Up Abuse:**
According to an explicit, 11-page letter published Sunday, Pope Francis knew about sex abuse allegations made against ex-Cardinal McCarrick for years. The letter, penned by the Vatican’s former ambassador to the U.S., calls for the Pope's resignation and said he covered up the abuse and even elevated McCarrick's status.
[Read the latest, here](https://www.nbcnews.com/news/world/explosive-letter-claims-pope-francis-helped-cover-cardinal-mccarick-sex-n903936).
* **Hurricane Lane Flooding Ahead:**
The storm drenched Hawaii with more than 46 inches of rain last week, and officials say the worst is over. But Lane is now considered a tropical storm, and forecasters warn that serious flooding is a real possibility. For the latest [click here](https://www.newsweek.com/hurricane-lane-latest-hawaii-storm-warnings-lifted-flooding-still-major-1090945).
Cheddar's Jill Wagner gets into the latest.
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Award-winning journalist, entrepreneur, and host Soledad O'Brien spoke to Cheddar about empowering women through her own podcast on financial literacy this Women's History Month.
Six House lawmakers are calling on Meta to stop paid ads from Chinese news companies that push Russian misinformation regarding the war in Ukraine. Matt Skibinski, General Manager, NewsGuard Technologies joins Cheddar to discuss the role of social media in this war.
Reva Shakkottai, Senior Vice President and financial advisor at RBC Wealth Management, joins Cheddar News' Closing Bell, where she elaborates on factors besides Wednesday's Fed decision that led to gains across the major indexes on Thursday, including new home construction and jobless claims data.
Art Hogan, Chief Market Strategist at National Securities, joins Cheddar News' Closing Bell, where he breaks down Fed Chair Jerome Powell's speech following the U.S. central bank's decision to raise rates and explains why Powell's comments move the markets more than the Fed decision itself.
Representative Adam Schiff (D-Calif. 29th District) joined Cheddar News at South By Southwest to discuss the variety of sanctions that the United States has placed on Russia since its invasion of Ukraine began last month and the impacts they are having both domestically and abroad. With rising gas prices, especially in states like California, Schiff noted that the American people are willing to make sacrifices in order to uphold their values and suggested that crisis may be a warning to shift away from fossil fuels. "At the end of the day though, this ought to be a wake up call that we need to stop our reliance on this oil economy and move to renewable sources of energy," he said. Schiff also explained his remarks about the January 6 commission investigating those closest to former President Trump and touched on a disturbing case in San Francisco where the police department used rape kit samples to ID a murder suspect.
Markets opened lower as the Federal Reserve announces plans to hike interest rates by a quarter point, while signaling six additional rate hikes later this year. Gary Schlossberg, Global Strategist, Wells Fargo Investment Institute, joined Cheddar's Opening Bell to discuss.
Apple's Racial Equity and Justice Initiative is a $100 million program aimed at combating systemic racism while working to advance racial equity across the country. Alisha Johnson, director of the initiative, joined Cheddar at SXSW to discuss the work being done. "We focused on three critical areas. The first is education. The second is criminal justice reform, and the third is economic empowerment, really looking first in our own supply chain, how can we really increase our spend with Latinx, Hispanic, and indigenous-owned businesses," she said. "And then how can we go further to empower entrepreneurs who have been cut out of access to funding and capital and really help them to get the funding."
What you Need to Know on Thursday, March 17. Updates from Ukraine, President Biden refers to Putin as a ‘war criminal’ for the first time, Walmart has ambitious hiring targets for Q1, and Netflix takes steps to crack down on password sharing.
