Get the Need2Know newsletter in your inbox every morning! Sign up here!

Here are the headlines you Need2Know for Tuesday, March 15, 2022:

EU LEADERS HEAD TO KYIV

As the war in Ukraine drags on, world leaders are stepping up their efforts. The prime ministers of Poland, the Czech Republic, and Slovenia are heading into Kyiv today to meet with Ukrainian President Volodymyr Zelenskyy even as attacks edge closer to the center of the city. Meanwhile, Zelenskyy plans to deliver a virtual address to the U.S. Congress tomorrow. President Joe Biden is mulling a trip to Europe to meet with allies as attacks move closer to Poland, and U.S. officials said China was considering providing military support to Russia, which prompted a visit from Biden's top national security aide Jake Sullivan. Ukrainian and Russian officials concluded another round of negotiations on Monday. No real progress was made, but talks are set to resume today. Meanwhile, the pregnant woman who was photographed after the bombing of a maternity hospital in the city of Mariupol has died along with her baby. POLITICO

UN CHIEF SAYS NUCLEAR WAR POSSIBLE

UN Secretary-General António Guterres said that nuclear war was now "within the realm of possibility." The bone-chilling remarks came after President Vladimir Putin put Russia's nuclear deterrent forces on high alert over the weekend. Putin said the move was in response to sanctions and "aggressive statements" from NATO countries — as countries weigh sending additional military aid to Ukraine, and the Russian invasion grinds on. AXIOS

Some things are better kept to oneself.

MARKETS HAMMERED

Markets had a chaotic start to the week Monday: Stocks were down. Bond yields were up, and oil unexpectedly dropped below $100 per barrel. The sources of all these developments are almost too many to count: rising Covid cases in Asia, war in Ukraine, and a long-anticipated rate hike from the Federal Reserve later this week. The first two are causing additional supply chain issues and hobbling major companies (see below). On Wall Street, all the major indices dropped, with tech giants and small companies alike taking the brunt of the market volatility. AP

APPLE SUPPLIER SHUTS DOWN

Tesla isn't the only major U.S. company facing a new round of supply chain shocks. As China battles its worst Covid outbreak in two years, Apple supplier Foxconn has suspended operations amid a widespread lockdown of the Shenzhen industrial hub. The iPhone maker said supply chain issues had cost the company $6 billion in the last quarter and cited chip shortages and Covid-related supply chain disruptions in Asia as the biggest issues. Despite the added costs, CEO Tim Cook last month expressed optimism that disruptions would come to an end this quarter. That rosy outlook may need revising after this latest round of shutdowns. WSJ

MANCHIN OPPOSES FED NOMINEE

Congress usually makes quick work of confirming Federal Reserve nominees, but not this time. Sen. Joe Manchin is opposing Biden's choice for vice chair of supervision on the Federal Reserve Board. The Democrat pointed to Bloom's past comments advocating for the central bank to take a more active role in combating climate change. Most Republicans share this view and are now lining up to deny the confirmation. THE HILL

The U.S. uses the term “United” loosely.

VIOLENT SUSPECTS ARRESTED

HOMELESS MURDERS: Early this morning D.C. police announced the arrest of a suspect in the shootings of as many as five homeless men living on the streets of Washington and New York City in the last two weeks. Two of the victims died. Police released surveillance footage of the killer on Sunday night and New York Mayor Eric Adams urged all those living on the streets to seek refuge at city-owned shelters. NY POST

MOMA STABBINGS: A former Broadway usher has been arrested in Philly for stabbing two employees at NYC's Museum of Modern Art. Gary Cabana had previously been denied entry to the museum for disorderly conduct and attacked the workers when he tried to go back on Saturday. Police caught up with him in Philadelphia after he allegedly started a fire at a Best Western and was found asleep on a bench. 6ABC

MUSK CHALLENGES PUTIN

Tesla CEO Elon Musk came out of the gate strong this week with some headline-grabbing behavior on social media. First, he tweeted that supply chain issues were putting "significant inflation pressure" on Tesla and SpaceX —  just days after announcing price hikes for the Model 3 and Model Y. Then he challenged Putin to "single combat." What's behind this outburst? With Musk, it's hard to say. What we do know is that Tesla does source quite a bit of aluminum from Russia for its factory in Berlin, and Musk could be bracing for more supply chain troubles as the U.S. weighs additional sanctions. READ THE TWEETS

He really is Tony Stark.

INCEL TERROR THREAT GROWS

Men who hate women are a growing threat in the U.S., according to a new government report. Since 2014, dozens have been killed in attacks inspired by the incel movement, comprised of men who call themselves "anti-feminist" or "involuntary celibates." The feds say early intervention and behavioral threat assessments could help prevent attacks. CBS NEWS

SPORTS BETTING BONANZA

The American Gaming Association is betting that this March Madness will bring yet another windfall in sports betting. The trade group said about 45 million Americans are planning to place up to $3.1 billion in bets on the college basketball championship tournament, and that fewer bettors will use brackets than in the past. This is roughly half of what the group predicted for Super Bowl LVI, but would still be the highest amount ever wagered on March Madness. AP

LEFTOVERS: DOLLY PARTON IS NO ROCK N' ROLLER

In an act of humility worthy of its own country song, Dolly Parton has withdrawn her name from the 2022 Rock & Roll Hall of Fame nominations. The country singer apparently didn't feel worthy of the distinction and didn't want to split the vote for the other contenders. For what it's worth, the Hall of Fame seems to take a pretty broad view of what qualifies as rock & roll. Other contenders this year include Eminem, A Tribe Called Quest, and Dionne Warwick. The 75-year-old Parton demurred but said she was now inspired to make her own rock album. CNN

Slow down, Dolly. You were only nominated.

CHEDDAR EXPLAINS

How Ukraine’s Resistance Is Stalling Russia’s Advance: When Russia invaded Ukraine in late February of 2022, many expected a quick, decisive takeover by the Russian army. That didn’t happen. As of the date of recording this video, much of Ukraine - including the capital, Kyiv - continues to resist Russian forces. The reasons why are complex and change day-by-day, so to help break it down, Cheddar spoke to two military experts. Watch the video to see their four key takeaways from the Russian invasion so far, and how it could come to an end.

Need2Know Podcast Note: The Need2Know podcast is taking a break for now. We're looking forward to bringing you more context and analysis on the big stories of the day in a few weeks. In the meantime, check out our archive on Apple or Spotify, or watch on YouTube, and send us your feedback!


Share:
More In Culture
Stocks Close Near Session Highs in Another Strong Day for Markets
U.S. stocks closed Tuesday's session near session highs. The Dow Jones Industrial Average rose 350 points, after rising more than 400 points at its session high. Shares were also impacted positively by optimism around peace talks in Ukraine. Nancy Prial, Co-Chief Executive Officer & Senior Portfolio Manager of Essex Investment Management, joins Cheddar News' Closing Bell to discuss.
Online Used Furniture Marketplace Kaiyo Raises $36 Million
Food, paper, and plastic are known to be major factors when it comes to America's trash; but furniture is high on that list, as well. According to the EPA, furniture makes up twelve million tons of waste in landfills every year. It's a problem that one online furniture store is trying to solve. Alpay Koralturk, Founder & CEO of Kaiyo, joins Cheddar News' Closing Bell to discuss.
Bitcoin & Other Major Cryptocurrencies Are Rallying
Bitcoin surged to its highest level on Monday since January 2nd. The gains also come after a late Sunday rally for the cryptocurrency, when it surpassed the key price of $45,000, and also turned positive for 2022. Matt Hougan, CIO of Bitwise Asset Fund, joins Cheddar News' Closing Bell to discuss what is behind the recent rallies for Bitcoin and other cryptocurrencies.
Takisha Clark on Being First Black Woman to Own a Postal Franchise
Founder and CEO of Capital Postal & Mail Box Service, Takisha Clark, joined Cheddar News to talk about being the first black woman to own a postal franchise, the obstacles she faced when launching her business, and how she overcame them. “I ran into just dealing with lack of resources, dealing with just being a black woman, just trying to become this entrepreneur and be inspiring to others, so it's been a journey," she said. "It's been hard, and I've just been maneuvering through the cracks."
Brooke Shields Joins Prospect Farms as Chief Brand Officer
Actress, model, author, and entrepreneur Brooke Shields has joined organic CBD company Prospect Farms as its chief brand officer. She joined CEO Brad Tipper to talk to Cheddar News about her coming aboard. Shield’s explained how her involvement with Prospect Farms stemmed from a discussion about her lack of sleep. “I started learning about the positive effects and the different ways that CBD can be introduced to a person's life, and I was just sort of fascinated because it all feels so new to me," she said.
'Everything Everywhere All At Once' Directors on Telling an Asian American Sci-Fi Story
The co-writers and directors of the movie "Everything Everywhere All at Once" Daniel Kwan and Daniel Scheinert joined Cheddar News to discuss their new sci-fi action-comedy starring Michelle Yeoh now in select theaters. The filmmakers talked about bringing the multiverse-traversing plot to life, as well as getting the chance to tell an Asian American story following in the footsteps of successful films like "Crazy Rich Asians." "We like to make films that we want to see on the screen, and even if that means they don't exist or even that means that the world might not be ready for them," said Kwan. "That's what we're chasing. Luckily for us, the movie took so long to make that by the time it was finished or by the time now that it's done, so much has changed."
Importance of Service Dogs
Paul Mundell, Executive Director of the American Service Dog Access Coalition, joins Cheddar Reveals to discuss why emotional support, therapy, and service dogs are important.
How Much Plastic Is Really In Our Bodies?
Plastic has become the face of global pollution. To date, humans have produced 8.3 billion metric tons of it. Once discarded, plastic doesn’t biodegrade. Instead, it fragments into microplastics smaller than the size of a sesame seed and further into nanoplastics. These tiny particles of plastic end up everywhere, deep in the ice of Antarctic glaciers or even inside our bodies. So how much plastic is inside of us? And what does it mean for our health? Let’s find out.
Need2Know: Deadly Snow Squall in PA, Walmart Pulls Cigarettes, and More
Catching you up on what you Need to Know on Mar 29, 2022, with updates on the snow squall in Pennsylvania that caused a pileup killing three, the teacher's strike in Sacramento heading into week two, Walmart no longer selling tobacco products in select stores, and what meme stocks are up to this week.
Load More