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

Here are the headlines you Need2Know for Thursday, November 11, 2021:

INFLATION WATCH

Consumer prices surged in October at the fastest pace since 1990, according to data from the Labor Dept. that shows inflation approaching 7% in the U.S. The consumer price index rose 6.2% last month from a year earlier, reflecting higher prices on everything from groceries to gas to cars. Inflation is also accelerating on a monthly basis well above economists’ expectations, wiping out the recent increases in wages. President Biden acknowledged that the situation was hurting regular Americans and called it a “top priority” of his administration to reverse the trend. CHEDDAR

CLIMATE PLEDGE

The climate negotiations at the COP26 summit in Glasgow are entering their final stretch on an optimistic note after the U.S. and China made a surprise announcement pledging to work together to slow warming this decade. China also committed for the first time to reduce methane emissions. While the agreement between the world’s two biggest polluters was short on specifics, it’s seen as a positive step as negotiators try to hammer out a final agreement by tomorrow. BBC

RITTENHOUSE TAKES STAND

The murder trial of Kyle Rittenhouse is in possible jeopardy after the defense asked for a mistrial, following moves by the prosecution that enraged the judge. Rittenhouse took the stand in his own defense, breaking down in tears as he testified that he acted in self-defense when he shot three men, killing two of them, during the unrest in Kenosha last summer. In cross-examination, the lead prosecutor asked Rittenhouse about his decision to remain silent after his arrest. That led the judge to usher the jury out of the room while he angrily accused the prosecution of an improper line of questioning. AP

COVID & KIDS

The White House says nearly one million children have received a Covid vaccine in the first week of eligibility, and estimates another 700,000 have appointments for their first dose. Those are encouraging numbers for the pediatric vaccine rollout, though still only account for a fraction of the 28 million or so kids now eligible. Meanwhile, a federal judge has overturned Texas’ ban on mask mandates in schools as a violation of the ADA, freeing up school districts in that state to make their own policies. TEXAS TRIB

RIVIAN GOES PUBLIC

Shares of the electric-truck maker Rivian surged in their public debut, popping 30% for the biggest IPO in years. The company is now valued at $88 billion -- on par with GM -- even though it’s only built a couple hundred vehicles and is yet to turn a profit. The blowout IPO suggests the intense investor interest in EV stocks is nowhere close to running out of steam. CHEDDAR

YOUTUBE HIDES DISLIKES

YouTube has started removing the ‘dislike’ count on all videos across the site, making a previous experiment with hiding dislikes permanent. Users can still click the thumbs-down button to signal their displeasure with a video, but only the creator will see it. YouTube says the change is intended to protect creators, particularly smaller accounts, from harassment in the form of so-called “dislike attacks” -- when people team up to drive up the number of dislikes on a video. And if you’re wondering what the most disliked video on all of YouTube is? Currently, it’s YouTube’s own Rewind video for 2018. TECHCRUNCH

NFL FINES

Dallas Cowboys wide receiver CeeDee Lamb admitted that he’s “confused” by the NFL’s fining policy, after he’s accrued nearly $50,000 in violations this season for infractions like having his jersey untucked and waving after a touchdown. Meanwhile, Green Bay Packers QB Aaron Rodgers was fined a modest $14,650 this week for violating the league’s Covid protocols as an unvaccinated player. ESPN

STREAMING SLOWDOWN

Disney+ added just two million new subscribers in the most recent quarter, a significant slowdown from the prior quarter, which saw 12 million new sign-ups. Disney joins WarnerMedia and ViacomCBS in reporting slowing growth on their streaming services as more people venture out. (Netflix is the only big platform to buck the trend with a bounce back in subscribers thanks in part to shows like Squid Game). Disney’s theme parks, meanwhile, are crushing it. Revenue is up 99% and its newest attraction, the Star Wars hotel at Disney World, is booked solid for its first four months. DEADLINE

SPOTTED...

…Zendaya, in a red Vera Wang top and matching bubble skirt at the CFDA Awards, where she was honored with the Fashion Icon award: SEE PICS

...the Duke and Duchess of Sussex, making a rare red carpet appearance at the Salute to Freedom gala in NYC: SEE PICS

...TJ Osborne, the only openly gay artist signed to a major country music label, kissing his boyfriend at the CMAs nine months after coming out: SEE IT

LEFTOVERS: VETS DAY FREEBIES

Today is Veterans Day in the U.S., a day for commemorating and thanking those who served in the military. For vets and active-service military, it’s also a day to flex that military ID for free food. Starbucks is giving away free coffee, Dunkin’s got free donuts, IHOP has free pancakes and Outback’s handing out free bloomin’ onions for those who have served: SEE MORE

Listen to the N2K Podcast! 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!

Share:
More In Culture
'Slow and Steady Wins the Race' for Netflix Gaming, Says Arkadium Co-Founder
Streaming giant Netflix has thrown its hat into the ring with some video game offerings of its own so far, but the hurdles to gaining market share in the space might be daunting despite recently acquiring its third game development studio. Kenny Rosenblatt, the president and co-founder of casual game maker Arkadium, joined Cheddar to offer his view of where things are headed for Netflix. "Microsoft entered the video game market in 1990, years ago with 'Windows Solitaire. It has taken them that long to become the player that they are today," he said. "So I like what Netflix is doing. Slow and steady wins the race."
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