Here are the headlines you Need2Know for Monday, August 30, 2021:

IDA MAKES LANDFALL

Ida made landfall in Louisiana just before noon Sunday as a category 4 hurricane, but is now a tropical storm. Hundreds of thousands of residents in the Gulf region are without power as the storm brings life-threatening flooding, including storm surge of over six feet in some areas. Ida had winds of up to 150 mph when it made landfall, and as it moves north, it will continue to pose threats of flooding, high winds, and tornadoes.  THE WEATHER CHANNEL

AFGHANISTAN LATEST: U.S. DRONE STRIKE

Just one day before President Biden’s withdrawal deadline, U.S. anti-missile defense systems intercepted five rockets that were fired at Kabul airport earlier this morning. That’s one day after a U.S. drone strike killed an ISIS-K suicide car bomber who Pentagon officials say was prepping to strike Kabul airport again Sunday. This was the second U.S. drone strike since the Thursday bombing at Kabul airport which killed 13 U.S. troops. The Pentagon released their names Saturday. REUTERS

COVID-19 UPDATES

CASE NUMBERS: The U.S. has reached 100,000 average daily hospitalizations for the first time since winter. Hospitals nationwide have been experiencing a surge in cases, and southern states, in particular, are seeing a shortage of ICU beds. According to HHS data, 16,457 people in Florida are hospitalized, the most in any state, followed by Texas. NY TIMES

EU RESTRICTIONS: Starting today, the European Union is set to advise member countries that they should reintroduce travel restrictions on the U.S. due to the surge in cases and hospitalizations. The U.S. will be removed from a “safe list” of countries whose residents can travel to the EU without quarantine or testing requirements. The EU restrictions will not be required; it will be up to each member country to put them back into place. NY TIMES

SCHOOL MANDATES: Dr. Anthony Fauci told CNN that mandating COVID-19 vaccinations for children heading to school is a “good idea” due to a strong benefit-risk ratio. Fauci also emphasized that vaccine requirements for school are nothing new. “We have mandates in many places in schools... that if in fact you want a child to come in -- we've done this for decades and decades requiring (vaccines for) polio, measles, mumps, rubella, hepatitis," Fauci said. CNN

HAITI AIRLIFTS

U.S. military aircraft are now airlifting food, tarps, and other essential goods into southern Haiti about two weeks after the August 14 earthquake there. Most of the supplies are destined for remote mountain communities impacted by destructive landslides; many farmers in the area lost their plots of land. The airlifts are part of a $32 million U.S. relief effort. AP

KEY ECON DATA THIS WEEK

The August jobs report is out this week, and it will give us an updated look at exactly how the spread of the Delta variant is impacting economic activity. Economists expect to see a semi-robust jobs market, with 750,000 jobs added in August, which would be a decline from July’s increase of 943,000 jobs. Unemployment is expected to improve further, down to 5.2% compared to 5.4% in July. This comes just before pandemic unemployment benefits are set to end nationwide the first weekend of September. YAHOO FINANCE

ELIZABETH HOLMES TRIAL

Jury selection in the trial of Theranos founder Elizabeth Holmes begins tomorrow, but unsealed documents show the former so-called biotech wiz’s defense strategy. Holmes and her attorneys will likely argue that abuse by her ex-boyfriend Ramesh “Sunny” Balwani (who also served as Theranos’ president) rendered Holmes incapable of making her own decisions, and controlled her life. Holmes is charged with wire fraud and conspiracy to commit wire fraud for allegedly defrauding Theranos investors and patients after the company repeatedly failed to deliver on their many promises. WASHINGTON POST

ED ASNER DIES

Seven-time Emmy-winning character and voice actor Ed Asner has died at the age of 91. Asner is perhaps best-known for playing the character Lou Grant on “The Mary Tyler Moore Show,” and the hour-long drama “Lou Grant.” Asner also voiced the main character in Disney’s “Up” and has also voiced characters for shows like “American Dad!” VARIETY

PAUL VS. WOODLEY

Social media star Jake Paul jumped in the ring for the second time this year to box MMA fighter Tyron Woodley, and Paul battled through all eight rounds with the former UFC champion, but won in a split decision victory. Two judges gave Paul the fight 77-75 and 78-74, with the third giving it to Woodley with a score of 77-75. MMA FIGHTING

SPOTTED…

… 11-year-old drummer Nandi Bushell, who once challenged Foo Fighters frontman Dave Grohl to an online drum duel, joined the band onstage and played drums during their performance of “Everlong.” WATCH

… a cow seen in the backseat of a car going through a McDonald’s drive-thru in Marshfield, Wisconsin. WATCH

… Kanye West’s long-awaited album “Donda” finally dropped Sunday, but the rapper took to social media to say that things didn’t go quite as he had planned. SEE IT

LEFTOVERS: R. KELLY’S CATALOGUE

Disgraced R&B singer R. Kelly is apparently strapped for cash and looking to sell his entire catalogue for below market value just to keep up with legal fees. He’s currently on trial in New York for criminal conspiracy and sex trafficking charges, and will eventually face other cases in New York, Illinois and Minnesota. Kelly’s lawyer said earlier this month that the singer’s funds are “depleted” and requested free trial transcripts. Kelly’s catalogue generates about $1.7 million a year in the U.S. but only a small fraction goes to Kelly himself.  COMPLEX

Note: The N2K Podcast will return Tuesday, September 7! Looking for more context and analysis on the big stories of the day? Check out our podcast! Hosts Jill and Carlo break down the headlines, every weekday morning Listen on Apple or Spotify, or watch on YouTube, and send us your feedback!

Updated Friday, September 3, 2021 at 9:10 am ET to note the Need2Know podcast will return Tuesday, September 7, not Monday.  

Share:
More In Culture
Energy Storage Solutions Company Leclanché Powers EV Fleets to Reduce Emissisions
A 2021 report from UK Research and Innovation found that the shipping industry makes up at least 2.5 percent of the world's total CO2 emissions. It's a problem that energy solutions company, Leclanché, is trying to solve. Founded in 1909, the company has been developing and producing batteries for more than 100 years. Today, Leclanché's lithium-ion battery is used to electrify not just ships, but also railroad locomotives, trucks, and specialty vehicles. Cheddar News spoke with Pierre Blanc, chief technology and industrial officer of Leclanché, to discuss.
Amazon Funds Amogy to Commercialize Ammonia-Powered Cargo-Shipping Vessels, Decarbonize Transportation
Amazon is betting that ammonia could be the fuel of the future, participating in a Series A round for the Brooklyn-based company Amogy in December. Amogy aims to de-carbonize transportation with a clean energy system that uses ammonia as a renewable fuel. Amogy is partnering with Amazon on its first commercial product - an ammonia-powered cargo-shipping vessel. Amogy CEO Seonghoon Woo joins Cheddar Climate to discuss.
FedEx Announces Student Ambassador Program With Historically Black Colleges & Universities
One of the world's largest transport companies is kicking off Black History Month with a new initiative aimed at the next generation of business leaders. Today, FedEx announced the launch of its Student Ambassador Program. Participants selected from eight historically black colleges and universities will receive career guidance from FedEx executives. The program is part of FedEx's ongoing commitment to HBCUs and will also help the company expand its pipeline for diverse talent. Cheddar News welcomes senior vice president at FedEx, Jenny Robertson, and Jerryl Briggs, President of Mississippi Valley State University, to discuss.
'Sing 2' Takes Top Spot From 'Spider-Man' at UK Box Office
"Sing 2" has overthrown "Spider-Man: No Way Home" as the number one film at the UK box office. The animated sequel brought in $8.1 million, in just its two first weekends. However, "No Way Home" is still on track to beat "Avatar" as the number one grossing movie of all time.
First Black CEO of Big Brothers Big Sisters of America on Empowering Youth With NFL
Big Brothers Big Sisters of America has been a driving force for youth mentorship since 1904. The nonprofit organization is launching its annual Big Draft campaign this month in partnership with the NFL, and Artis Stevens, the first Black CEO of Big Brothers Big Sisters of America, joined Cheddar to discuss the push for adding more "Bigs" as mentors on his one-year anniversary leading the non-profit organization. "While the NFL is recruiting and drafting more players, they're also helping us to draft more mentors and, particularly, men all the way from across February to all the way to April of this year," Stevens explained.
Supreme Court To Hear Challenge To Affirmative Action
The Supreme Court will reconsider race-based affirmative action in college admissions. The court will examine admissions policies at Harvard University and The University of North Carolina Chapel Hill, which count the race of applicants as a factor in admissions. The court has upheld affirmative action policies in the past, saying it helps to create more diverse student bodies. However, the conservative Supreme Court could be skeptical and even possibly hostile to such policies. Nick Anderson, Higher Education Writer, Washington Post joined Cheddar's Opening Bell to discuss.
Crypto Prices Plummet, Wiping Out $1 Trillion In Global Value
The value of most cryptocurrencies have plummeted in recent months since reaching all-time highs in November, wiping out more than $1 trillion in value globally. The steep crash has some talking about the possibility of a crypto winter, a term referring to a prolonged bearish period where asset prices persistently fall over many months. This all comes as the Fed is expected to raise interest rates, and the Biden administration is working on an executive order to regulate Bitcoin and other assets. Josh Goodbody, COO of Qredo, joined Cheddar's Opening Bell to discuss the crypto crash, and how the industry might recover from it.
Streaming Giants Struggle to Retain Subscribers Following Big Releases
Recent data reveals that streaming giants are struggling to retain subscribers in the months following a major release. According to data from Antenna, subscriber trends show that users will subscribe to a given streaming service just to watch a particular show, and then cancel those subscriptions shortly after. This comes as the streaming space continues to heat up as new entrants crowd the space. Jon Christian, Founding Partner + Digital Supply Chain Leader at OnPrem joined Cheddar's Opening Bell to discuss.
EU Relaxes Travel Restrictions Within Bloc
The EU relaxed its Covid travel restrictions for vaccinated individuals among the union's 27 member states, doing away with testing or quarantine requirements for travelers. This comes soon after the World Health Organization said the omicron variant could help make the pandemic more manageable. The new rules take effect February 1st. Bryce Conway, Founder, 10xTravel joined Cheddar's Opening Bell to discuss.
Load More