These are the headlines you Need2Know:
* **Russia? Not to Worry, Says Trump:**
During a cabinet meeting Wednesday, President Trump said Russia poses no threat to Americans. He stated the U.S. was "strong" on Russia.
* **California Wildfire Spreads:**
The wildfire in California is getting dangerously close to Yosemite National Park. The fire has already scorched over 26 square miles and threatens to destroy more than 100 homes.
* **Holocaust Deniers Allowed on Facebook:**
Mark Zuckerberg is under fire after the founder admitted Holocaust deniers offend him--but he doesn't think that merits banning them from Facebook. The CEO tried to walk back his original comments later on Wednesday.
* **Nassar Victims Take the Stage:**
141 victims of Larry Nassar's sexual misconduct lined up on stage at the ESPY Awards Wednesday night to accept the Arthur Ashe prize for courage. "All we needed was one adult to have the integrity to stand between us and Larry Nassar," said gymnast Aly Raisman.
* **Blue Origin Takes Flight:**
Jeff Bezos's Blue Origin rocket had a successful launch and landing in West Texas. The private space company's rocket hit a milestone, traveling higher than ever before.
Cheddar Big News' Hope King tells us the details.
Catching you up on the stories you need to know this morning, the U.S. could soon get its first major gun safety law in years, the House Select Committee investigating the January 6th attack on the U.S. capitol holds its second hearing, and today might just be the day the Supreme Court overturns Roe v. Wade, and decides on new gun laws.
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.
The PGA has suspended 17 golfers, including Phil Mickelson and Dustin Johnson, who are competing in a Saudi-backed golf event outside of London. In a memo, commissioner Jay Monahan said "these players have made their choice for their own financial-based reasons", announcing they are ineligible to participate on the PGA tour or any other tours it sanctions. Hugh Kellenberger, Senior Managing Editor at the Athletic, breaks down the controversy, and what might happen next.
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.
