These are the headlines you Need2Know:
* **More Violence in Chicago:**
Police reported Monday that at least 63 were shot in the city over the weekend, 10 fatally. Officials said most of the violence was gang-related. For more on this story, [click here](http://abc7chicago.com/10-killed-53-wounded-in-chicago-weekend-shootings/3892234/).
* **Michael Jordan Sides With LeBron James Over Trump:**
Michael Jordan defended fellow basketball superstar LeBron James after President Trump seemed to question James's intelligence in a tweet posted Friday night. The president added, "I like Mike," in reference to Jordan.
James had criticized Trump for using sports to divide Americans. The First Lady Melania Trump had praised James for his charity work and offered to visit his I Promise School in Akron, Ohio. For more, check out [CNN](https://www.cnn.com/2018/08/06/politics/lebron-james-melania-trump-white-house/index.html).
* **CBS Under More Scrutiny:**
The executive producer of "60 Minutes," Jeff Fager, has extended his vacation pending results of an independent investigation of sexual harassment allegations at the news network. CBS said that Fager would not return to work on Monday as scheduled. For more, [click here](https://www.nbcnews.com/business/business-news/cbs-60-minutes-chief-delays-return-harassment-investigation-continues-n897806).
* **Donald Trump, Jr. Didn't Break the Law, Says Dad:**
President Trump said on Twitter that his son, Donald Trump, Jr., met with a Russian lawyer to gather dirt on Hillary Clinton during the 2016 presidential campaign. In his [tweet](https://twitter.com/realDonaldTrump/status/1026084333315153924), the president said he was unaware of the meeting at the time, and his son didn't violate any laws. For more, check out [NPR](https://www.npr.org/2018/08/06/635860399/trump-admits-his-son-met-with-russian-lawyer-to-get-dirt-on-clinton).
Cheddar's Jill Wagner gets into the latest.
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U.S. stocks closed Thursday at their lowest levels of the trading day, as investors continue to eye inflation ahead of the May CPI report out Friday. Art Hogan, Chief Market Strategist for National Holdings, joins Cheddar News' Closing Bell to discuss.
U.S. markets opened sharply lower on Friday on hotter-than-expected inflation data. The May CPI showed an 8.6% jump in consumer prices year-over-year, higher the expected 8.3%. Mark Howard, Senior Multi-Asset Specialist at BNP Paribas joined Cheddar's Opening Bell to discuss.
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.
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.
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.
President Biden proposed a new rule that would add 500,000 chargers for electric vehicles nationwide. The proposal comes amid the rapid shift to EVs with dozens of automakers announcing plans for all-electric fleets within the next decade. But with the new surge will the U.S. have the proper infrastructure to keep up? Scott Painter, founder and CEO of Autonomy.com joined Cheddar's Opening Bell to discuss. "I really think the idea of standardization is a big deal. Standardization certainly makes it much better for everybody to be able to get a charge when they need one," he said.
