Here are the headlines you Need2Know for Wednesday, August 5, 2020:

BEIRUT BLAST

THE LATEST: Two massive explosions in quick succession rocked Beirut, killing at least 100 and wounding thousands in a country already dealing with a coronavirus outbreak, a collapsing economy and political crisis. Officials say the blasts happened at a warehouse holding 2,700 tons of ammonium nitrate, a highly explosive material used in fertilizer and bombs, which had been seized from a cargo ship in 2014 and had been stored at the port ever since. BBC

THE VIDEOS: Videos posted to social media showed a large fireball, followed by a much larger explosion and shock wave that ripped through the city, blowing out windows and overturning cars for miles. Videos taken in the aftermath showed the economically critical Port of Beirut, where the blast took place, essentially leveled and the popular downtown waterfront neighborhood all but destroyed. WATCH

ISAIAS' AFTERMATH: More than 3.5 million people in the U.S. are without power this morning after Tropical Storm Isaias left a wide swath of damage across the Mid-Atlantic and Northeast. One million of those outages are in New Jersey, where a 109 mph wind gust was recorded off the coast of Long Beach Island. At least six people were killed across several states. The storm is now a post-tropical cyclone spinning out over Canada. OUTAGE MAP

COVID-19: LATEST DEVELOPMENTS: Some possible progress in the negotiations over a new economic rescue package: Senate Majority Leader Mitch McConnell says he would consider extending the $600 weekly unemployment benefits if it helped seal a deal by the end of the week. In NYC, the top health official resigned, citing the mayor’s handling of the pandemic, and the Radio City Christmas Spectacular has been cancelled. The global death toll is approaching 700,000. NY TIMES

PRIMARY RESULTS: The votes are still being counted in primaries held in Kansas, Missouri, Washington, Michigan and Arizona. A couple early takeaways: Republicans are breathing a sigh of relief after Kris Kobach lost his Senate bid to Rep. Roger Marshall, an establishment member of the GOP. Had Kobach won, the thinking was that Democrats could have flipped the seat. In Missouri, a nurse and BLM activist named Cori Bush beat the incumbent William Lacy Clay, the latest progressive candidate to oust a centrist Democrat in the House. USA TODAY

MAIL-IN VOTING: President Trump reversed his opposition to mail-in voting, at least for his home state of Florida. The president encouraged Floridians to vote by mail, but did not extend the support to other states that are considering or implementing vote-by-mail procedures for the election. The USPS, meanwhile, is under pressure from both Democrats and Republicans, with Democrats accusing the White House of sabotaging the Post Office ahead of November and Republicans noting issues with mail-in votes being disqualified in New York’s recent primary. THE HILL

TICK TOCK FOR TIKTOK: Apple says it has no interest in pursuing TikTok after a report suggested the iPhone maker was in talks to acquire the social media platform from China’s ByteDance. President Trump has given Microsoft until Sept. 15 to close a deal for TikTok’s U.S. assets, but is saying any sale would have to include a “substantial amount of money” coming into the U.S. Treasury. The government typically doesn’t demand so-called “key money” as part of a deal between two private companies because doing so would be illegal. THE VERGE

SPORTS TV RATINGS: TV ratings for baseball and basketball, which started out huge when the leagues returned, have come back down to Earth. NBA ratings last weekend were “pretty ordinary,” according to one analyst. MLB’s Opening Day game was seen by four million viewers, but more recent games are averaging well below one million on ESPN. SI

MULAN ON TV: Disney is throwing in the towel on its tentpole movie event of the summer. Mulan, which has been delayed numerous times, will now premiere on Disney+ on Sept. 4 for $30 (that’s on top of the cost of a Disney+ subscription). The decision to pull the plug on a theatrical release is yet another blow to movie theaters’ hopes they’d be reopening soon. Christopher Nolan’s Tenet, the only other major summer release that hasn’t been cancelled, is still supposed to hit select U.S. theaters Labor Day weekend. VARIETY

VMA'S ARE A GO: The MTV Video Music Awards will go forward as scheduled on Aug. 30 at the Barclays Center in Brooklyn, though it’s unclear how much of the show will actually be there. BTS, Doja Cat and J Balvin will perform. Ariana Grande and Lady Gaga lead the nominations with nine a piece. BILLBOARD

LEFTOVERS: SENDING OUT AN S.O.S.: Three men were rescued from a tiny island in Micronesia after a U.S.-Australian search team in a helicopter spotted a giant ‘S.O.S.’ they had written in the sand. The marooned men had been on the Pacific island for three days when they were found and are said to be in good condition. SEE IT

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
Competitive Stock-Trading Mobile App Zingeroo Raises $8.5 Million
There is a new player in the mobile app stock trading space. Zingeroo recently announced a funding round of $8.5 million. The company says it aims to bring 'friendly competition' to stock trading, by literally breaking trading down into daily and weekly competitions between friends. Zingeroo also says it hopes its new approach can make trading more accessible, educational, and social than ever before. Zingeroo co-founder and CEO Zoe Barry joins Cheddar News' Closing Bell for more.
How Mining is Key For Clean Energy Revolution
Sweta Chakraborty, U.S. President of We Don't Have Time and climate change expert, joins Cheddar News to discuss how mining the proper resources for the clean energy sector is crucial.
The 2021 U.S. Labor Movement
Throughout 2021, several Americans found themselves finding a renewed emphasis on what work-life balance looked like. The labor market experienced several people either quitting their jobs or leaving the workforce altogether. Editor at Labor Notes Alexandra Bradbury, joined Cheddar to discuss more.
Maximizing Personal and Professional Growth in 2022
Whitney Johnson, CEO of human capital consultancy Disruption Advisors and author of 'SMART GROWTH: How to Grow Your People to Grow Your Company', joins Cheddar News to discuss the rise in entrepreneurship and explores new opportunities to grow personally and professionally.
This Year In Trivia
Hena Doba and Azia Celestino recap some of the biggest stories of the year, and learn a thing or two while they're at it. It's This Year in Trivia!
What Exactly Ghislaine Maxwell Was Facing in Her Trial
Two major high profile cases on opposite ends of the country, as they both now lie in the hands of the jury. In New York, jury deliberations continue in the sex trafficking trial of Jeffrey Epstein's longtime partner, Ghislaine Maxwell. Jurors in the Ghislaine Maxwell trial will be back to deliberate just a day after the judge told asked them to stay for an extra hour, as they signaled they're still far from a verdict in that sex trafficking case. The Elizabeth Holmes jury also apparently no closer to a verdict after five days of deliberations as well. Florina Altshiler criminal defense attorney & former prosecutor spoke to Cheddar about the latest on the cases.
A Year of Highs and Lows for Crypto in 2021
2021 proved that crypto currency is here to stay. This year saw more and more adoptions of crypto, from top athletes looking to be paid in bitcoin, to Elon Musk even experimenting with bitcoin and dogecoin payments for a bit over at Tesla. And it wasn't all bitcoin either - other cryptos like Cardano and Solana saw some action in 2021 as well. Patrick McConlogue, CEO of Overline and former Citadel Investment Group Engineer explains why 2021 was such a good year for crypto, and what to expect in 2022.
U.S. Home Prices Climb 18.4% in October Compared to Last Year
The S&P CoreLogic Case-Shiller 20-city home price index showed an 18.4 percent surge in October as the housing market continues to boom. October's levels are a slight downturn from the roughly 19 percent increase the index saw in September, but come roughly in line with economist expectations. Michael J. Romer, Managing Partner, Romer Debbas joined Wake Up with Cheddar to discuss.
Thousands of U.S. Flights Cancelled Due to Omicron Spike, Labor Shortages
U.S. airlines have canceled more than 6,000 flights since Christmas eve, causing headaches for travelers. Airlines cited staffing shortages amid the omicron outbreak as the primary reason for the interruptions to service. The cancellations come at the busiest time of year for air travel. Steve Shur, President, The Travel Technology Association joined Wake Up with Cheddar to discuss.
Load More