Here are the headlines you Need2Know for Friday, January 8, 2021:

CAPITOL RIOTS

THE LATEST: President Trump has conceded that he has lost the election, after a violent mob of his supporters sacked the Capitol. Education Sec. Betsy DeVos and Transportation Sec. Elaine Chao are the latest and highest-level administration officials to quit. Congress has adjourned for at least a week, though House Democrats say they are considering coming back to impeach President Trump -- again -- if he doesn’t leave office. The Wall Street Journal editorial board, among the most conservative in the country, is urging the president to resign to avoid impeachment: READ THE EDITORIAL

THE DEAD: A U.S. Capitol Police officer who was hit in the head with a fire extinguisher by a rioter has died of his injuries, the fifth confirmed fatality in Wednesday’s violence. The woman who was shot and killed by police as she tried to break through an interior door of the House chamber has been identified as Ashli Babbitt, an Air Force veteran from San Diego who tweeted “nothing will stop us” and “the storm is here,” a reference to the QAnon conspiracy cult, as she joined the Capitol mob. NPR

LAW ENFORCEMENT IN FOCUS

The chief of the Capitol Police will resign later this month after the department’s union said they lost faith in him. The Senate sergeant-at-arms is out, too. The lead federal prosecutor in Washington has not ruled out charging President Trump in connection with inciting the riots. Federal investigators are combing through photos posted to social media to identify the rioters, vandals and looters and have vowed that more charges are coming. They’re also asking for the public’s help to identify a suspect who planted live pipe bombs that didn’t go off. WASH POST

TRUMP DEPLATFORMED

President Trump’s Facebook and Instagram accounts have been suspended “indefinitely” and at least through the end of his term. Snapchat and Twitch have taken similar action. The e-commerce platform Shopify has closed sites that sell Trump merchandise, including those run by his business and campaign. The president’s Twitter suspension has been lifted for the time being; he used it to tweet out the video of his concession. CHEDDAR

COVID-19: 4,000 DEAD EVERY DAY

The U.S. has topped 4,000 daily deaths for the first time. Dr. Fauci is warning of more pain ahead and urging patience with the vaccine rollout, which appears to be finally picking up steam. More than 700,000 doses were administered between Wed. and Thurs. for the biggest one-day increase yet. Experts say the Capitol riots will almost certainly turn out to be a superspreader event, given the current rate of spread combined with the crowd size. If you want to keep track of the vaccination rate where you live, the Bloomberg Vaccine Tracker is the best source: BOOKMARK IT

MUSK ON TOP

Elon Musk is now the richest person in the world. The Tesla CEO is  worth $185 billion thanks to that company’s surging stock price. Jeff Bezos, who held the title since 2017, is now in second place with a paltry $184 billion. This time last year, Musk was worth “just” $27 billion. His rise to the top of the list is the fastest in history. CNBC

AMAZON SHUTS PANTRY

Amazon has shut down Prime Pantry, its service for bulk goods and household essentials that preceded the company’s foray into groceries. Products that were part of Pantry are being folded into the main Amazon site. Customers can still order fresh food for delivery via Amazon Fresh or Whole Foods. BLOOMBERG

WILD CARD WEEKEND

What better way to try and put this week in the rearview than with some playoff football? For the first time, there are six wild-card games on the NFL schedule, starting with Colts-Bills tomorrow at 1 p.m. ET and ending with Browns-Steelers Sunday night in primetime. (The Browns will likely go without their head coach due to COVID protocols, which could impact other games, too.) Here’s the 538 guide, complete with forecasts, for each game: READ IT

SPOTTED...

...Britney Spears’ former husband -- the one who she married in Vegas in 2004 before getting it annulled two days later -- among the crowd in the pro-Trump protests. It’s not clear whether he was part of the mob that breached the Capitol: SEE PIC

... Selena Gomez, calling out social-media executives by name and saying they “failed the American people” in the aftermath of the Capitol riots: SEE TWEET

END OF AN ERA

“And now, here is the HOST of Jeopardy...AAAAlex Tre-BEK!” After more than 36 years, that announcement will be broadcast for the final time tonight, when the last episode of Jeopardy! with Alex Trebek as host airs. Next week, the game show is handed over to a revolving list of guest hosts, including Katie Couric and Ken Jennings, until a permanent host is named. LA TIMES

LEFTOVERS: HERO NURSE

A nurse in Arizona is being hailed as a hero after she saved her neighbors when their house caught fire. Carolyn Palisch sprung into action when she saw flames coming from next door, running over and pounding on the front door until the residents -- a family of six -- woke up and got out. Firefighters say the roof would have collapsed had Palisch not acted. The harrowing moment was caught on the house’s Ring doorbell: WATCH

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