These are the headlines you Need2Know:
* **Western Wildfires Grow Deadly:**
At least 16 active and a dozen contained fires have engulfed the state of California. The blazes range from mild to deadly, and some have even spread to as many as nine neighboring states. Check out the striking photos [here](http://www.latimes.com/local/lanow/la-me-ln-carr-fire-20180726-story.html).
* **Tweets, Trouble, Trump:**
Special Council Robert Mueller thinks President Trump's tweets may support an obstruction of justice case. Mueller objects, most notably, to Trump's criticisms of Attorney General Jeff Sessions and former FBI Chief James Comey. In typical fashion, Trump responded to Mueller on Twitter. More on Trump and the latest [scandal](https://www.nytimes.com/2018/07/26/us/politics/trump-tweets-mueller-obstruction.html).
* **Thousands of Immigrant Children Returned to Parents, But Many Still Separated:**
The White House reported Thursday night that more than 1,800 immigrant children were reunited with their parents on Deadline Day. Nevertheless, a little over 700 children remain in custody. A federal judge will stage a hearing Friday to determine whether the Trump Administration honored its promise. For more on this story, [click here](https://www.usatoday.com/story/news/nation/2018/07/26/feds-race-against-clock-reunify-immigrant-families-caught-border/844107002/).
* **Papa John Sues Papa John's**
The company’s former CEO John Schnatter filed a lawsuit against the pizza chain on Thursday, asking for access to company files. On July 11, [reports](https://www.forbes.com/sites/noahkirsch/2018/07/11/papa-johns-founder-john-schnatter-allegedly-used-n-word-on-conference-call/#483fa4224cfc) surfaced that Schnatter used a racial pejorative during a conference call. Schnatter still owns over 20 percent of the company but resigned as CEO and was removed from all marketing after the scandal. For more on this story, check out [CNNMoney](https://money.cnn.com/2018/07/26/news/companies/papa-johns-lawsuit-john-schnatter/index.html).
Cheddar's Jill Wagner gets into the latest.
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U.S. stocks closed Friday at session lows after May CPI data showed inflation in the U.S. has not peaked and is still rising rapidly. For the week, the S&P fell 5.06%, the Dow lost 4.58%, and the Nasdaq dropped 5.60%, marking the worst week since January for all three major indexes. Mike Zigmont, Head of Trading and Research at Harvest Volatility Management, joins Cheddar News' Closing Bell to discuss.
Residents often have to wait on federal assistance after a disaster, but one group has a solution: hiring community members to help clean up and improve their neighborhoods. Resilience Force tackles two problems at once by creating jobs in response to growing climate-related disasters. LaTanja Silvester, director of New Orleans programming for Resilience Force, joins Closing Bell to discuss how the organization creates jobs in communities that need help and higher employment, the importance of creating a "green" workforce, and more.
Benefits brokerage, Nava Benefits, raised $40 million in a Series B round. Nava says it's on a mission to fix healthcare, one benefits plan at a time. The startup is working to bring benefits to small business that are normally available to only Fortune 500 companies. Brandon Weber, Co-Founder and CEO of Nava Benefits, joined Cheddar News' Closing Bell to discuss.
Yung Lim, CEO and Fixed Income Strategist at FolioBeyond, joined Closing Bell to discuss the May CPI report, as inflation is still red-hot going into a key decision from the Federal Reserve about interest rates.
Auction house Christie's will be presenting "Legacy of the GOAT," which will include a rare Michael Jordan signed rookie card and sneakers. Caitlin Donovan, the vice president of Christie's handbags and accessories department. joined Cheddar News to discuss the special memorabilia selection for the NBA great. "He's been a global phenomenon, so he's really shaped '90s culture and streetwear culture," she said. "And we see bidders from every pocket in the world."
Fuel and oil prices have risen almost 17 percent since May, making the national gas prices reach nearly $5 a gallon. Andrew Lipow from consulting firm Lipow Oil Associates joined Cheddar News to discuss the future of gas prices. "The biggest issue on the oil market is really events that are beyond our control, which is what is happening over in Europe," he said, regarding the ongoing Russia Ukraine war. Lipow also said he predicted gas prices to hit $5.05 and that he's focused on the Biden administration's overtures in repairing a relationship with Saudi Arabia.
Target made some headlines this week as the retailer slashed its prices due to excess inventory. Cheddar News anchors Kristen Scholer and Ken Buffa break down Target as the Stock of the Week.
The electric vehicle maker filed a proposal for a three-for-one stock split, increasing the accessibility of shares for investors for a stock trading at around $700 a share. The move comes not long after tech giant Amazon announced a 20-for-one split. The number of authorized shares rises from two billion to six billion. It was also revealed that board member Larry Ellison does not intend to stand for reelection as it pertains to Tesla.
'Pride Portraits' is a trans-led organization aiming to visually represent the LGBTQ+ community one photograph at a time. Eden Rose Torres, founder and president of Pride Portraits, joins Cheddar News to discuss its participants and the issues the LGBTQ+ community still faces.
