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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We are already starting to feel the effects of summer. Heat waves in Texas and California are already sending temperatures soaring. That could spell trouble for the nation's power supply. there are new concerns about outages in many areas of the country. Cheddar's Shannon Lanier explains the two main causes of blackouts, and what states are doing to keep the lights on and the air conditioning running.
U.S. stocks close Tuesday at session highs after a subpar start to the trading day. Tim Chubb, Chief Investment Officer at the wealth advisory firm, Girard, joins Cheddar News' Closing Bell to discuss. 'We're starting to see the moderation of three core things -- we've seen the moderation of prices, we've seen the moderation of wage growth we've seen in the labor market, and we've also seen a moderation of job openings,' he says.
CreditCards.com senior industry analyst Ted Rossman compares the Apple Pay Later offering to similar four-step processes at Affirm and Klarna, and says this is a way for the tech giant to dive deeper into the financial industry.
Tech analyst Rene Ritchie discusses new EU legislation that will force iPhones to use a USB-C charger in fall 2024 and what that means for Apple's strategy in Europe.
Robotics automation technology company Symbotic made its market debut on the Nasdaq via a SPAC merger with SVF Investment Corp. 3, a special purpose acquisition company sponsored by an affiliate of SoftBank Investment Advisers. Symbotic rang the Opening Bell at the Nasdaq to celebrate the occasion this morning. Its debut on Wall Street comes amid an urgent need for logistics solutions, as it aims to reimagine supply chains with its A.I.-powered robotic and software platform. Tom Earnst, CFO of Symbotic, and Vikas Parekh, managing partner at Softbank Investment Advisors, join Cheddar News' Closing Bell to discuss.
Michelle Castillo joined Closing Bell to break down Elon Musk's announcement to SpaceX employees that the Starlink internet business might not see itself as an IPO until 2025, Twitter planning to hand over the user data he requested as a condition of the acquisition, and Warren Buffet-backed Chinese EV company BYD stating it will be supplying batteries to Tesla "very soon."
