These are the headlines you Need 2 Know. * **Iran Sanctions:** President Trump announced new “hard-hitting” economic sanctions on Iran on top of previous sanctions that have crippled the Iranian economy. The new order will ban the supreme leader of Iran -- and his office -- from access to the international financial system, though it is unclear how much, if at all, the Iranian theocracy uses international banks. [NY Times](https://www.nytimes.com/2019/06/24/us/politics/iran-sanctions.html?action=click&module=Top%20Stories&pgtype=Homepage). * **Immigration: Migrants Moved:** The Dept. of Homeland Security moved nearly 300 minors out of a detention center in southern Texas that had been described as “appalling” in its conditions. DHS says the children are being transferred to a tent camp until they can be placed in the custody of the Dept. of Health and Human services. [NBC News](https://www.nbcnews.com/news/latino/nearly-300-migrant-children-removed-texas-facility-described-appaling-n1021151). * **Immigration: Mexico Troops:** Mexico has deployed 15,000 troops to its northern border with the U.S. to step up border enforcement under pressure from President Trump. [AFP](https://news.yahoo.com/mexico-deploys-15-000-troops-us-border-slow-173939311.html). * **European Heat Wave:** A potentially historic heat wave is hitting Europe -- one expected to last all week with temperatures as high as 104 degrees. In Spain, a meteorologist says it will feel like “hell.” In France, more than half of the country was placed on an orange alert for “intense heat” on Monday that continues today. [Independent](https://www.independent.co.uk/news/world/europe/europe-heatwave-weather-forecast-france-germany-spain-italy-latest-a8973391.html). * **Oregon Walkout:** Oregon’s governor has directed the state police to find 11 Republican lawmakers who aren’t reporting to work in order to avoid a vote on major climate change legislation. Some of the Republicans are believed to have fled the state entirely. Each is being fined $500 a day for each day of missed work. [AP](https://www.apnews.com/77d573653ab7434b9e31b2b2ed3f359e). * **Student Loan Debt:** Bernie Sanders rolled out the most progressive policy proposal of the 2020 campaign so far: a plan to cancel all student loan debt in America. Sanders said his plan would provide relief for more than 45 million borrowers who owe a combined $1.6 trillion in loans. He plans to pay for it with a series of taxes on stock and bond trading. [AP](https://apnews.com/a5cb6665aa1d4e4c961f84b66a2ed730). * **Where’s the Beef?:** McDonald’s says that in the year since it swapped frozen beef for fresh beef in its quarter pounders, sales of that burger are up 30 percent. It’s the first time Mickey D’s has gained burger market-share in five years. [CNBC](https://www.cnbc.com/2019/06/24/fresh-beef-helps-mcdonalds-gain-market-share-for-first-time-in-5-years.html). * **Data Bill:** Two senators have introduced a bill that would require big tech companies like Google and Facebook to put a dollar figure on the data they collect from their billions of users. The bipartisan “Dashboard Act” is intended to help consumers understand that there’s a “price” for using free social media and web platforms. If passed, the bill would require companies to give people regular reports in which they assess the monetary value of the personal data collected. [Engadget](https://www.engadget.com/2019/06/24/senate-dashboard-bill-data/). * **World Cup:** The U.S. Women’s Soccer team has advanced to the quarterfinal round after beating Spain 2-1. They’ll play host country France on Friday in a highly anticipated match that is expected to give the Americans their biggest competition yet in the Cup. [Predictions](https://projects.fivethirtyeight.com/2019-womens-world-cup-predictions/). * **Studio Surprise:** For the first time ever, a woman will lead the iconic Warner Bros. studio. In a surprise choice, the BBC executive Ann Sarnoff was named as head of Warner, which is now owned by AT&T. She succeeds Kevin Tsujihara, who departed the company following a sex scandal. [Hollywood Reporter](https://www.hollywoodreporter.com/news/ann-sarnoff-named-warner-bros-ceo-surprise-pick-1217672). * **Jussie Smollett:** Chicago police have released nearly 70 hours of video related to the Jussie Smollett investigation -- including body cam video of the actor shown wearing a noose around his neck. [See Video](https://chicago.cbslocal.com/2019/06/24/jussie-smollett-chicago-police-video/). * **Giant Squid:** NOAA has released a rare video of a giant squid in the U.S. In the video you can see the tentacles getting up close and personal with the camera. [Watch](https://www.cbsnews.com/news/giant-squid-video-gulf-of-mexico-louisiana-footage-deep-sea/). Cheddar's Hena Doba gets into the latest. Subscribe to the Need 2 Know newsletter [here](https://theneed2know.com) and listen to our morning podcast wherever you get your podcasts.

Share:
More In Business
UBS Completes Takeover of Credit Suisse in Deal to Stem Financial Turmoil
UBS said Monday that it has completed its takeover of embattled rival Credit Suisse, nearly three months after the Swiss government hastily arranged a rescue deal to combine the country's two largest banks in a bid to safeguard Switzerland’s reputation as a global financial center and choke off market turmoil.
Lawmakers Propose Weakening Rule for Airfare Price Transparency
“Any consumer can tell you that online airline bookings are confusing enough," said William McGee, an aviation expert at the American Economic Liberties Project. "The last thing we need is to roll back an existing protection that provides effective transparency.”
Next Week on the Street: Trump in Court, Fed Meeting and More Earnings
Cheddar News checks in to see what to look out for Next Week on the Street as former president Donald Trump makes an appearance in federal court after being indicted. Investors will also keep an eye on the Federal Reserve meeting to see what comes out of that while earnings continue to pour in.
Load More