Here are the headlines you Need2Know for Tuesday, May 19, 2021:

COVID-19: LATEST DEVELOPMENTS

New York, the one-time epicenter of the pandemic, is taking its biggest step toward normalcy today when many COVID restrictions get dropped statewide. The CDC says more than 600,000 kids aged 12 to 15 have received their first dose of the Pfizer vaccine already, a strong number given that it was only greenlit last Thursday. Meanwhile, India recorded the single highest daily death toll of any country so far -- 4,529 -- though the real number is probably much higher. NBC NEWS

GAZA CONFLICT

Despite growing international calls for a ceasefire, there are still no signs of an end to the conflict between Israel and Hamas in Gaza. The Israeli military said it was expanding its airstrike campaign in the Gaza Strip as Hamas continued to fire rockets into Israel. President Biden is said to be privately encouraging Israel to wind down its bombardment even as the U.S. repeatedly blocked what would have been a unanimous statement from the UN Security Council condemning the war, reportedly because it made no mention of Hamas. AP

1/6 COMMISSION

Congressional Republicans are coming together to oppose a 9/11-style independent commission to investigate the Jan. 6 Capitol riot. House Minority Leader Kevin McCarthy is against it, saying he’d only support the commission if it also included unrelated “political violence” by groups like BLM and Antifa. His lieutenants are now telling rank-and-file lawmakers to vote no. In the Senate, Mitch McConnell had previously said he’s OK with forming the commission pending the “fine print,” but now says he’s “pushing pause” on the legislation. POLITICO

PA PRIMARY RESULTS

Democratic primary races in Pennsylvania’s two biggest cities delivered a pair of closely watched results. In Philly, the city’s progressive district attorney Larry Krasner easily beat a challenge from a former prosecutor who argued that Krasner’s lenient policies -- he has refused to prosecute low-level crimes like prostitution and drug possession -- had made that city less safe amid a 40 percent spike in homicides. Across the state, Pittsburgh Democratic voters sent that city’s incumbent mayor packing. Bill Peduto lost his re-election bid to Ed Gainey, who will almost certainly become the Steel City’s first Black mayor. NBC PHIL

CONSUMERS, CONFIDENT

“Customers clearly want to get out and shop.” That’s how Walmart CEO Doug McMillon accounted for the company’s blowout earnings report. The world’s largest retailer saw same-store sales rise by more than 6 percent in the quarter. Home Depot’s same-store sales were up 31 percent. Macy’s sales were up 63 percent. Taken together, the retail earnings show that U.S. consumers are shopping like it’s going out of style as the pandemic fades. Lowe’s and Target continued the trend when they reported today. YAHOO FINANCE

STOCKS 4 KIDZ

Fidelity will start offering its brokerage services to teenagers as young as 13, provided their parents are customers and give consent. The teen-friendly investing and savings accounts come with a debit card and the ability to buy and sell stocks, mutual funds and ETFs without fees. Online brokerages like Fidelity and Robinhood have seen a surge in interest from young investors stuck at home during the pandemic. WSJ

NBA PLAY-IN

Jayson Tatum scored 50 points to lead the Boston Celtics to a win over the Washington Wizards in the first night of the NBA play-in tournament. The Wizards will play the Pacers tomorrow in an elimination game after Indiana blew out Charlotte in last night's other game. Boston will play Brooklyn in the first round. Over in the West, the slumping defending champion Lakers are bracing for Steph Curry and the Warriors tonight. ESPN

BOX OFFICE TEST

The global box office gets its first real post-COVID shot of adrenaline in the coming days when the latest Fast & Furious installment starts hitting theaters before it opens in the U.S. in late June. F9 is expected to bring in at least $150 million from Russia, the Middle East, and China this week. The ninth film in the franchise is sitting at a just-barely-fresh 60 percent on Rotten Tomatoes with critics saying it’s more ridiculous than ever. That could be just what audiences ordered after more than a year without much in the way of big-budget action movies. READ THE REVIEWS

SPOTTED...

...Emma Stone, rocking a pantsuit at the premiere of Disney’s Cruella, one of the first big red carpet events in Hollywood in over a year: SEE PICS

…Naomi Campbell, sharing the surprise news that she’s a mom. The 50-year-old supermodel posted a photo of her hands cradling a newborn’s feet, writing, “There is no greater love”: SEE PIC

LEFTOVERS: SANDS OF TIME

A famous rock formation in the Galapagos Islands has collapsed into the Pacific Ocean. Darwin’s Arch, a natural archway that welcomes visitors traveling by boat to the uninhabited Darwin Island, fell to natural erosion, according to officials from Ecuador. The area is a well-known diving site for tourists who want to catch a glimpse of Galapagos sea turtles, and a diving crew apparently witnessed the collapse as it happened. SEE WHAT REMAINS

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
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.
China Blocking Off Scenes From Hollywood Films
If you're in China you may have noticed that the 1999 film "Fight Club" which features Brad Pitt has somehow got itself a new ending. In the new ending on the streaming service Tencent, the narrator is killed and the explosions are replaced with a black screen saying "the police arrested criminals".It's unclear as to exactly why the changes were made. However, it is the latest example of China playing by its own rules when it comes to entertainment and attempting to control everything its citizens watch. Media Reporter at Axios, Sarah Fisher, joined Cheddar to discuss more.
Load More