Here are the headlines you Need2Know for Wednesday, November 18, 2020:

COVID-19: LATEST DEVELOPMENTS

The FDA has approved the first entirely at-home testing kit, similar to a pregnancy test, that gives results in 30 minutes. Ohio is the latest state to impose a 10 p.m. curfew that will go into effect for three weeks. North Dakota now has the world’s highest mortality rate per capita -- 1 in 1,000 residents of the state have died of COVID-19. Local news outlets across the country are reporting that there are once again runs on toilet paper, disinfectant wipes and other essentials, though supply chain experts don’t expect shortages to be as bad as they were in the spring. Sen. Chuck Grassley, one of the oldest members of Congress, missed his first vote in 27 years -- breaking the longest voting record in Senate history -- after he tested positive. REUTERS

TROOP DRAWDOWN

The Pentagon has confirmed the reports that the U.S. will cut the number of troops in Afghanistan and Iraq by 2,500 before President Trump leaves office. The troop level in Afghanistan will fall from 4,500 to 2,500, while Iraq will go from 3,000 to 2,500 active troops. Senate Republicans, as well as the head of NATO, are opposing the abrupt drawdown. The president has said before that he wanted all troops home by Christmas. CNN

PRESIDENTIAL TRANSITION

President Trump has fired Chris Krebs, the administration’s senior-most official in charge of election cybersecurity. Krebs, a highly respected security expert, was among the officials who came out and called the election the “most secure in American history,” directly contradicting the president’s false claims that it was “stolen.” Meanwhile, Republican appointees in Michigan’s most populous county initially refused to certify the vote tally in Detroit for Joe Biden -- drawing praise from Trump officials -- before backing off amid a public outcry. POLITICO

SOCIAL MEDIA GRILLING

Lawmakers grilled Facebook CEO Mark Zuckerberg and Twitter CEO Jack Dorsey about fact-check labels and other concerns related to misinformation in a virtual hearing on Capitol Hill, three weeks after Zuck and Dorsey were summoned for a similar hearing in front of a different Senate committee. Republicans took issue with the platforms’ labeling of President Trump’s false tweets that he won the election, while Democrats took issue with Republicans taking issue with the labels. Not much was accomplished other than making it clear that both sides of the aisle want to regulate Big Tech, for different reasons. NPR

NIGHTMARE BEFORE CHRISTMAS

Retail sales for the month of October grew by just 0.3 percent, a worrisome signal for the economy going into the critical holiday shopping season. The worse-than-expected data was compiled before the current virus surge took hold, so any momentum left over from the summer and early fall is going to stall out even more at the worst possible time for retailers, especially given that no more federal aid is coming anytime soon. That is a very bad sign for many stores that are hanging on by a thread and counting on the usual end-of-year lift in sales to stay afloat. WSJ

AMAZON PHARMACY

Amazon will now fill and deliver your meds -- for free and with discounts, if you’re a Prime Member. The e-commerce giant has launched its much-anticipated digital pharmacy, which immediately sent shares of Walgreens and CVS plummeting. Amazon’s entry into the space has been a question of if, not when, ever since it acquired the startup PillPack in 2018. CHEDDAR

THEO OUT

Theo Epstein, one of the greatest operators in baseball history, is stepping down from the Chicago Cubs. Epstein was brought in to rebuild the Cubs nine seasons ago -- a task that looked insurmountable but that culminated in the team’s incredible 2016 World Series win. Before that, he was GM of the Boston Red Sox when they finally ended their title drought in 2004. There have been rumors he might join the front office of the Mets or Phillies. CHICAGO TRIB

CONAN GOES STREAMING

Conan O’Brien has hosted a nightly talk show for 28 years, longer than anyone else in the late-night game. That ends next summer. O’Brien will trade his nightly show on TBS for a weekly variety show that will stream exclusively on HBO Max (like TBS, part of WarnerMedia). Conan was one of the few late shows that didn't go all in on political humor, and the ratings have suffered. THR

SPOTTED...

...George Clooney, on the cover of GQ’s Men of the Year issue. Clooney confirms in the interview the long-running rumor that he once gave each of his 14 best friends a suitcase filled with $1 million in cash, just because: READ IT

...the Rockefeller Center Christmas Tree, being hoisted onto its perch and looking about as good as could be expected for 2020: SEE PICS

LEFTOVERS: REPORTS OF MY DEATH...

A radio station in France is apologizing after it accidentally published dozens of obituaries for high-profile newsmakers who have not died. Radio France Internationale blamed a technical glitch for publishing obits of Queen Elizabeth, Pele, Clint Eastwood, the Ayatollah and Brigitte Bardot, among others. It’s not uncommon for news outlets to prep obituaries in advance, and any editor will tell you it’s their worst nightmare to mistakenly hit publish when the person is still alive and kicking. EURONEWS

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
Winter Fire Safety Tips to Protect Families
Daniel Madrzykowski, research director at the UL Fire Safety Research Institute, joins Cheddar News to discuss the deadly Bronx fire that killed 19 people and fire safety tips that people need to know about.
U.S. Stocks Close Mixed as Nasdaq Closes at Session High
Markets closed the day mixed, and well off their lows of the day following a market meltdown earlier in the session. The Nasdaq staged a comeback late in the day, even amid ongoing worries about the Federal Reserve raising interest rates. Doug Flynn, certified financial planner and co-founder of Flynn Zito Capito, joined Cheddar News' Closing Bell to discuss the markets' close and what's driving the major indexes.
CrossTower Partners With BankProv to Provide Crypto Lending Platform
Two companies recently announced a new partnership aimed at addressing the growing demand to borrow against crypto - digital assets capital markets firm CrossTower is partnering with commercial bank, BankProv. The companies are launching a crypto lending platform that will allow Bitcoin miners to receive loans to invest in crypto mining equipment. The companies say the program also addresses the difficulty of breaking into crypto mining due to the high cost. CrossTower research analyst Martin Gaspar joins Cheddar News' Closing Bell to discuss.
Break the Love Raises $2.5 Million Seed Funding Round to Get People Playing Tennis
Next-gen social sports platform Break the Love recently raised $2.5 million in seed funding. Break the Love's platform and iOS app allows users to discover and book group-based tennis activities, to either learn, train, or compete. The new company has already gotten support from a few big names in the world of tennis, including the coach of Naomi Osaka, as well as the United States Tennis Association and the brand Wilson. Break the Love founder and CEO Trisha Goyal joins Cheddar News' Closing Bell to discuss.
Nurses Call For Protection For HealthCare Workers
As the Omicron variant continues to sweep across the country. The US Supreme Court is expected to hear arguments at the end of this week on whether or not the Biden administration can force private companies to vaccinate or test millions of their employees. In addition, the National Nurses United has spearheaded legal action to protect nurses and health care workers, patients, and the public while on the job. President of the National Nurses Union, Zenei Cortez, joined Cheddar to discuss more.
China Crackdown on "Sissy Men"
China's ongoing crackdown of its own entertainment industry has been raising eyebrows for once now. With the ruling Communist Party instructing media companies to boycott immoral and overly entertaining stars. But the country has gone even further. Now experts warn that this could lead to further issues such as gender-based violence. Professor at the Institute of Sociology at National Tsinghua University, Hsiu-Hua Shen, and Associate Professor of Politics at Keough School of Global Affairs at the University of Notre Dame Joshua Eisenman, joined Cheddar to discuss more.
Lawmakers Reflect Back on January 6th Capitol Riots
Today marks one year since the January 6 Attack on the United States Capitol. The Country watched as supporters of then-President Trump stormed what was assumed to be the most secure building in the country in an attempt to stop the certification of the 2020 Election. Several lawmakers, including the Vice President, could be seen ducking down as they feared for their lives. Democratic Michigan Representative Dan Kildee, joined Cheddar to discuss more.
Bed Bath & Beyond's Stock Jumps Despite Earnings Miss as Meme Stock Mania Reappears
Bed Bath & Beyond delivered disappointing fiscal third-quarter results for 2022. Shares initially dove more than 9% in premarket trading on the news but finished the day up nearly 8%. Bed Bath & Beyond has been a meme-stock target for online investors in the past -- so was meme-stock mania a factor in the recent stock movement for the company? Jaime Rogozinski, the founder of the subreddit WallStreetBets, joins Cheddar News' Closing Bell for more, as his forum helped spark the meme stock phenomena. He also discussed some decentralized finance services and trends for the retail investor to watch for in 2022.
Load More