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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Stocks closed lower to end the last trading day of May, but the S&P 500 and the Dow Jones both rose over the past month. The Federal Reserve in early May raised interest rates by half a percentage point as it tries to fight inflation, but the question continues to linger: will we enter a recession as we try to tame inflation? Anthony Saccaro, Founder & President of Providence Financial, joins Closing Bell to discuss today's close, the possibility of a recession, where he is telling clients to look for opportunities, and more.
The semiconductor industry is at an inflection point as it tries to fully recover from the worst of pandemic-era headwinds. While Broadcom has announced it will buy cloud computing company VMware, Nvidia is lowering its current quarterly outlook. Meanwhile, TSMC and Intel are contemplating raising prices -- again -- thanks to higher materials costs. Where does the industry go from here? Ted Mortonson, technology strategist at Baird, joins Closing Bell to discuss.
Memorial Day rang in the unofficial start of summer here in the United States -- and with it, the unofficial start of summer travel. Whether consumers traveled by air or by land, they probably experienced some form of frustration over the weekend. Flyers faced delays and cancellations, and drivers faced the most expensive gas prices ever recorded on Memorial Day. Zach Griff, Senior Aviation Reporter for the Points Guy, joins Cheddar News' Closing Bell to discuss.
Next-generation gaming ecosystem Joystick recently raised $8 million in a seed round and is in the process of raising a $110 million Series A funding round. Gaming ecosystems are a relatively new type of platform in the Web3 space, allowing users to maximize their play-to-earn gaming opportunities, exchange crypto-currencies, and sell their digital assets. Joystick says its platform is flipping the current model on its head by giving players the opportunity to keep 100% of the revenue they earn. Robin Defay, co-founder and CEO of Joystick, and Michael Le, co-founder of Joystick and TikTok content creator, join Cheddar News' Closing Bell to discuss.
Abe Stein, Head of Innovation at Sports Innovation Lab, joins Cheddar News' Closing Bell, where he explains why the top four spots on his company's 2022 list are European soccer clubs and discusses Sports Innovation Lab's plan to publish data on women's pro sports teams in the not-too-distant future.
Joel Birch, Co-Founder and CEO of Stacked, joins Cheddar News' Closing Bell, where he explains why he doesn't see any new catalysts that would lead to a Bitcoin rally at the moment. He also reiterates that now is a good time for long-term Bitcoin investors to buy low.
The dating app Bumble has sponsored bills and pushed lawmakers to criminalize the online practice of sending unsolicited nudes or “cyberflashing." Payton Iheme, Bumble's head of public policy for the Americas, joined Cheddar News to discuss why the app was going after the harassing behavior beyond its own platform. "Now, while we went to work internally in the company, and we created something called private detector to automatically blur those images so the user can decide if they want to see them, there's nothing for the rest of the internet," she said. "And so that's why we went to work with these laws."
