Here are the headlines you Need2Know for Tuesday, June 1, 2021:

MEMORIAL DAY TRAVEL

ROADS & AIR: With COVID-19 cases in the U.S. at their lowest level in more than a year, millions of Americans hit the roads and the skies this Memorial Day Weekend. The TSA says nearly 2 million people passed through airport security checkpoints on Friday, a pandemic high. According to AAA Travel, travel is up by more than 60% compared to this time last year, and Las Vegas and Orlando were two of the most popular destinations. WASHINGTON POST

GAS PRICES: Demand for gasoline is nearing pre-pandemic levels, and prices in some states are at their highest Memorial Day level since 2014. According to GasBuddy.com, the highest prices are in California, followed by Hawaii, Nevada, Washington and Oregon. USA TODAY

REMEMBERING THE TULSA RACE MASSACRE

President Biden will travel to Tulsa, Oklahoma today to mark the 100th anniversary of the Tulsa Race Massacre, when a white supremacist mob raided and burned the affluent Black neighborhood of Greenwood, leaving hundreds dead. The area was known as Black Wall Street, a thriving cultural and economic hub. To this day, no one has been prosecuted in connection with the massacre. 60 MINUTES

QANON AT CHURCH

Pastors are now expressing alarm about the growing number of congregants who believe in QAnon conspiracy theories. It comes as a new poll shows 15% of Americans agree with the QAnon contention that "the government, media, and financial worlds in the U.S. are controlled by a group of Satan-worshipping pedophiles who run a global child sex trafficking operation." AXIOS

TEXAS DEMS WALK OUT

Democrats in Texas staged a dramatic walkout of the State House over the weekend, to block passage of a restrictive new voting bill that would limit early voting hours, and make it easier for a judge to overturn an election if there are allegations of fraud. State Republicans said the bill will preserve the “purity of the ballot box,” and the governor has promised to pass the bill via special session. The house Democratic caucus sent a text message to members, writing, “Members, take your key and leave the chamber discreetly.” WASHINGTON POST

NETANYAHU OUT?

After 12 years as prime minister, Benjamin Netanyahu’s days could be numbered. In an unlikely political alliance, Naftali Bennett, Netanyahu’s former lieutenant, and opposition leader Yair Lapid, are working to form a new government. Lapid is the head of the centrist party, and also a former TV news anchor and finance minister. If they can create a coalition, the two would take turns as prime minister. NPR

CHINA 3-CHILD POLICY

Facing a declining birth rate, China’s Communist Party says it will now allow all married couples to have three children, and also improve maternity leave and workplace protections. Back in 2016, China relaxed its “one-child” policy and allowed couples to have two children, although that didn’t do much to encourage families to have more kids. BBC

OSAKA

Naomi Osaka has withdrawn from the French Open, one day after being fined for skipping her mandatory post-game press conference. She wrote on social media that she suffers from depression, and gets “huge waves of anxiety before” speaking to the media: "I think now the best thing for the tournament, the other players and my well-being is that I withdraw so that everyone can get back to focusing on the tennis going on in Paris.” READ POST

WEEKEND BOX OFFICE

A sign that physical movie theaters are making a post-pandemic comeback: Paramount’s “A Quiet Place Part II” brought in $57 million over the Memorial Day Weekend-- that’s about what the movie was expected to bring in pre-pandemic. Paramount says, “We’re happy for movie theaters. This is a referendum on the future of moviegoing, so there’s a lot to celebrate.” Disney’s “Cruella,” also came out this weekend, both in theaters and available to rent on Disney Plus for $30. VARIETY

SPOTTED...

… Kate Middleton, dressed down in jeans and an H&M t-shirt, while getting her COVID-19 vaccine in London. The shirt costs $34.95 and is already sold out. SEE PIC

…Courteney Cox and Ed Sheeran, recreating the iconic ‘Friends’ dance routine, originally made famous when Cox and her on-screen brother, David Schwimmer, did the routine they developed in high school so they could be featured on “Dick Clark’s Rockin’ New Year’s Eve. SEE VIDEO

LEFTOVERS

Grabbing a cocktail to-go from a bar or restaurant isn’t just a pandemic fad. At least 20 states have approved, or are considering, measures that would allow restaurants to sell to-go drinks permanently. Prior to the pandemic, most states banned bars from selling cocktails to-go, but during the pandemic it became an important revenue source. CNBC

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
AT&T Investors Digest WarnerMedia Spinoff Merger With Discovery for $43 Billion
AT&T announced earlier today it is spinning off its media properties in WarnerMedia in a merger with Discovery in a $43 billion deal.Scott Rostan, founder and CEO at Training The Street, joined Cheddar to talk about what the unwinding of the telecom giant's Time Warner media properties means for investors. "I think the investor sentiment is they're digesting the new information, and they're looking into the dividend, especially the reduction of the dividend," said Rostan, noting the transaction allows AT&T to focus on its core telecommunications business.
Energy Storage Solutions Company Leclanché Powers EV Fleets to Reduce Emissisions
A 2021 report from UK Research and Innovation found that the shipping industry makes up at least 2.5 percent of the world's total CO2 emissions. It's a problem that energy solutions company, Leclanché, is trying to solve. Founded in 1909, the company has been developing and producing batteries for more than 100 years. Today, Leclanché's lithium-ion battery is used to electrify not just ships, but also railroad locomotives, trucks, and specialty vehicles. Cheddar News spoke with Pierre Blanc, chief technology and industrial officer of Leclanché, to discuss.
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.
Load More