We'll send you the Need2Know newsletter every morning! Sign up here!

Here are the headlines you Need2Know for Wednesday, September 15, 2021:

LANDSLIDE

Democrat Gavin Newsom will remain the governor of California, at least until next year’s election. Newsom easily beat the Republican effort to recall him from office, according to AP projections. Ballots marked ‘no’ on the question to recall Newsom were ahead by a 30-point margin with two-thirds of votes counted. Democratic leaders of the California state assembly have already said they want to put a referendum on recall elections -- giving voters a chance to recall the recall -- on the ballot next year. AP

COVID-19 LATEST

New Covid cases are continuing to decline nationally, based on the seven-day average, but still on the rise in certain states like West Virginia and Tennessee. Many hospitals in the South are now at or near ICU capacity. There is not a single free ICU bed in all of Alabama, while two dozen hospitals in Florida reported having more ICU patients than beds. NY TIMES

COVID ECONOMIC TOLL

Poverty actually declined in the U.S. last year, in spite of one of the biggest shocks to the economy in history. That’s according to new census data that shows the percentage of people living below the poverty line hit a record low in 2020 even as the pandemic wiped out millions of jobs. The massive amounts of government aid in the form of stimulus checks and other relief benefits appear to have helped avert a much worse recession. Though at the same time, median household income fell last year by close to 3%, for the most significant decline since 2011. USA TODAY

KOREAN ARMS RACE

Both North and South Korea tested ballistic missiles within hours of each other, further escalating tensions in the region. It was the North’s first ballistic missile launch since President Biden took office, violating multiple UN resolutions and coming a couple days after the country claimed to have fired off new long-range cruise missiles. South Korea responded by testing its first submarine-launched ballistic missile. CNN

IPHONE 13

Apple announced its newest line of iPhones, featuring slightly bigger screens, better cameras and faster processors. The iPhone 13 design is more or less the same as the last model, as is the price. Apple also unveiled a new entry-level iPad and an updated iPad mini, and a new version of the Apple Watch with a bigger display. CHEDDAR

INSTAGRAM AND TEENS

Top executives at Facebook have come to the conclusion that Instagram is harmful to a significant percentage of teens -- girls, in particular -- according to internal studies leaked to the Wall Street Journal. The research shows that Instagram’s Explore page is particularly well-suited to exacerbate feelings of inadequacy and “negative social comparison” among young people. In one of Facebook’s own studies of teenagers, more than 40% of Instagram users who reported feeling “unattractive” said those feelings started on the app. WSJ

SPACE RACE

Another billionaire is going into space today, this time for a good cause. A SpaceX rocket and capsule will carry Jared Isaacman, who made a fortune as the founder of a payment-processing company, along with three other civilians on a three-day long trip into orbital space. They will go up 360 miles above Earth, traveling at 17,000 mph and orbiting the planet once every 90 minutes. Isaacman envisioned and funded the mission to raise money for St. Jude Children’s Hospital, which says $100 million has already been committed. The launch window opens at 8:02 p.m. ET: WATCH LIVE

IN MEMORIAM: NORM MACDONALD

Norm Macdonald, the master of deadpan comedy, has died after a long and private battle with cancer. He was 61. Macdonald came up on the Canadian stand-up circuit before he landed a gig on Saturday Night Live, where he became the influential host of Weekend Update in the mid ‘90s. His routine became famous for how hard he went in on O.J. Simpson during that trial, in spite of the reported displeasure of NBC execs (Macdonald always claimed he was fired from SNL because he wouldn’t stop calling Simpson a “murderer.”) He was beloved in comedy circles -- Tina Fey once called him “the last dangerous SNL cast member” -- and a fixture on talk shows. Here’s him telling the legendary “moth joke” to Conan O’Brien: WATCH

BROADWAY'S BACK

Broadway’s biggest shows and musicals have reopened to their first full houses in 18 months. Hamilton, The Lion King, Chicago and Wicked welcomed vaccinated and masked theatergoers back after the longest shutdown in Broadway history, while NYC’s other performing arts institutions are set to open their seasons in the coming weeks. Lin-Manuel Miranda marked the occasion by singing New York, New York through a bullhorn to theatergoers waiting to get in to see Hamilton: WATCH

LEFTOVERS: BOOZE OUT, POT IN

College students around the country are drinking less but smoking more pot. A new study funded by the federal government found that 44% of college students reported consuming marijuana last year -- an all-time high -- while 56% reported consuming alcohol -- an all-time low. Binge drinking also fell nearly 10 percentage points. WASH POST

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
How to Maximize Your Credit Card Rewards Usage
Matt Schulz, Chief Credit Analyst at LendingTree, joins Cheddar to break down the different types of credit card rewards that are out there, which states utilize rewards more than others, and how to get the most out of your credit card rewards.
Global Consumer Spending in Mobile Apps Reached $133 Billion in 2021, Sensor Tower Says
While people have been spending more time on their phones throughout the pandemic, a new report shows they were also spending more money as well. A review from Sensor Tower on the global app ecosystem this year found that the app economy will see record consumer spending in 2021, up nearly 20% from 2020. Sensor Tower director of sales and financial institutions Anthony Bartolacci joins Cheddar News' Closing Bell to break down the report.
Florida's Seminole Tribe Suspends Online Sports Betting App After Federal Court Ruling
The future of gambling in Florida recently suffered a major setback after a federal appeals court rejected a request from the state and the Seminole Tribe to allow online sports betting in the state. Now, the tribe has been forced to stop taking bets on its Hard Rock sportsbook app. ESPN gaming writer David Purdum joins Cheddar News' Closing Bell to discuss what this could mean for the future of sports betting in Florida.
Web3 Project Tool Thirdweb Raises $5 Million
Web3 software startup Thirdweb has raised $5 million in a funding round, coming from a group of high-profile investors, including Gary Vaynerchuk and Mark Cuban. Thirdweb says it is paving the way for the revolution surrounding the new iteration of the internet known as web3, by offering users free tools to build their own web3 projects. Thirdweb's co-founders Steven Bartlett and Furqan Rydhan join Cheddar News' Closing Bell to discuss.
Coatue and Tiger Global Purchase $100 Million Braintrust Tokens to Seed Decentralized Web3 Talent Network
Decentralized talent network Braintrust recently closed an atypical equity deal that involved investors buying $100 million in Braintrust tokens, the company's cryptocurrency. Braintrust's talent network is built on blockchain technology, which the company says allows it to be owned and built by users, instead of a centrally-controlled corporation. Braintrust users can also earn tokens for their contributions to the network and its growth. Braintrust co-founder Adam Jackson joins Cheddar News' Closing Bell to discuss.
Elon Musk Named Time's Person of the Year for Pioneering Work on Earth — and Beyond
Time magazine has unveiled SpaceX and Tesla CEO Elon Musk as Person of the Year for 2021. Jeffrey Kluger, editor at large for Time, told Cheddar that Musk's impact on so many facets of forward-looking industries like crypto, solar power, electric vehicles, and especially his work on space travel were the reasons behind the selection. "On balance, Musk is performing on so many levels and in so many venues that it was hard not to consider him our Person of the Year," he said. Kluger also noted that the choice is based upon the influence the subject has had, whether good or bad and is not a judgment on its own.
Unpacking Racial Trials in America
The recent verdicts of the Kyle Rittenhouse and Ahmaud Arbery murder trials have put a spotlight on the country's justice system. Experts have pointed to the explicit racial undertones in the high-profile trials, as well as the increased levels of stress that may be felt by communities of color because of the prevalence of these trials. Kailee Scales, CEO of Pencils of Promise and former first managing director of Black Lives Matter Global Network Foundation, joins Cheddar News to discuss.
Load More