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Here are the headlines you Need2Know for Monday, December 6, 2021:

WAITING FOR OMICRON

Dr. Fauci says the early indications of the severity of the Omicron variant are “a bit encouraging.” Omicron has quickly become the dominant strain circulating in South Africa, but hospitalization rates there are yet to increase at an alarming rate -- suggesting the variant may be much more contagious than Delta but also less dangerous. While Omicron has now been confirmed in about a third of U.S. states, the Delta variant is still far and away the dominant strain circulating in the country and is driving a surge of hospitalizations in the North. AP

IN MEMORIAM: BOB DOLE

Bob Dole, the WWII veteran, longtime senator from Kansas and one-time GOP presidential candidate, has died. Over his long career as a Republican stalwart in Congress, Dole was known as a partisan-turned-skilled legislator who worked across the aisle with Democrats on issues like Social Security reform and the Americans with Disabilities Act. After he lost to Bill Clinton in 1996, Dole became something of a TV pitchman, cutting ads for Pepsi, Visa and, famously, Viagra. He was 98. OBIT

CRUMBLEYS LOCKED UP

The parents of the teenage boy who allegedly shot and killed four classmates at his Michigan high school are in custody. James and Jennifer Crumbley are being charged with involuntary manslaughter for allegedly providing their son with unfettered access to the gun he used in the shooting. They failed to appear for their initial arraignment, leading authorities on a manhunt that ended with their arrests at a warehouse in Detroit. All three Crumbleys -- the mother, father, and son -- are being held in isolation at the same jail, each under suicide watch. CNN

SUU KYI SENTENCED

A court in Myanmar has sentenced Aung San Suu Kyi, the country’s former civilian leader, to four years in prison on charges of inciting public unrest and breaching Covid protocols. The sentence is the first of several expected to be handed down in the coming months against the Nobel laureate, which could keep her locked up for the rest of her life.  Suu Kyi was deposed in a military coup in February that led to violence and protests across the country. AL JAZ

BITCOIN CRASH

Bitcoin is currently trading around $48,000, down from $57,000 on Friday morning. The cryptocurrency had an extremely volatile weekend, tumbling 20% to $43,000 before recovering some. The president of El Salvador, who recently adopted Bitcoin as a national currency, said the country bought 150 coins on the dip. The crypto market has been seeing wild swings as investors sell off riskier assets as they watch what the Omicron variant could mean for the markets. COINDESK

TWITTER POST-JACK

Twitter’s new chief executive is in the midst of a major shakeup of the social media company following the departure of Jack Dorsey. Twitter’s heads of design and engineering are out as part of the reshuffling, which CEO Parag Agrawal says is in the name of “operational rigor” and “faster execution.” The reorg comes as the platform has started a new policy on what kinds of images users can and can’t share. Going forward, Twitter will have the right to take down any photo or video taken of someone without their consent -- unless it’s in the public interest to keep it up. WASH POST

CFP SET

No. 1 Alabama will play No. 4 Cincinnati and No. 2. Michigan will play No. 3. Georgia in the College Football Playoff on New Year’s Eve. The winners of those two games will compete in the national championship game on Jan. 10 in Indianapolis. Cincinnati is the first school from a non-Power 5 conference to make the playoff since its inception in 2014. ESPN

CUOMO FIRED

Chris Cuomo will not be coming back to CNN. The network fired their top-rated primetime anchor over the weekend after an internal investigation into his efforts to help his brother, Andrew, uncovered “additional information.” It’s not clear what that additional information is, but Cuomo’s termination came after a separate anonymous allegation of sexual misconduct was made against him by a former colleague at another network. Cuomo has denied that allegation. THE WRAP

SPOTTED...

...Ben Affleck, Jennifer Lopez, and their kids, catching a showing of Licorice Pizza in L.A.: SEE PICS

...the leaked cover of W magazine, featuring Kylie Jenner and Travis Scott, that was scrapped in the aftermath of the Astroworld tragedy: SEE IT

LEFTOVERS: MYSTERY ON THE MOON

China’s lunar rover has spotted a mysterious cube-shaped object on the horizon, and will spend the next couple months trying to get a closer look. The Yutu-2 rover has been exploring the far side of the moon since it landed in 2019, and recently snapped an image of what the Chinese space agency is calling a “mystery hut”: SEE IT

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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.
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