Birds fly over the White House as the sun sets, Saturday, Nov. 7, 2020, in Washington. President-elect Joe Biden defeated President Donald Trump to become the 46th president of the United States on Saturday, positioning himself to lead a nation gripped by a historic pandemic and a confluence of economic and social turmoil. (AP Photo/Patrick Semansky)
Here are the headlines you Need2Know for Monday, November 9, 2020:
BIDEN WINS
President-elect Joe Biden plans to name a 12-person pandemic task force today, his first official act since being elected as the 46th President of the United States. After nearly four tense days of vote counting, the AP and other media outlets called Pennsylvania -- and thus, the presidency -- for Biden on Saturday in the 11 am ET hour, bringing a long and contentious campaign season to a close. Biden and his running mate, Kamala Harris, gave a victory speech from Delaware in which they promised to govern “for all Americans.” Harris will become the first female vice president in American history. AP
TRANSITION
President Trump has not conceded the election and has no immediate plans to do so, according to multiple reports. GOP leaders and White House advisers in the inner circle, including the president’s family, are split over whether to acknowledge that he lost, as the Trump campaign prepares more legal challenges that are considered to be long shots at best. President George W. Bush is among the Republican elder statesmen to call and congratulate Joe Biden while others, like Sen. Lindsey Graham, are urging Trump to keep fighting. WASH POST
BIDEN'S PRIORITIES
President-elect Biden reportedly plans to sign a flurry of executive orders as soon as he is inaugurated that would reverse many Trump policies and signal to the country that he plans a radically different approach to governing. On the Biden transition website, BuildBackBetter.com, four main priorities are listed: COVID, economic recovery, racial equity and climate change. On Day 1, the Biden administration has said it would rejoin the WHO and Paris Climate Accords and roll back nearly all of Trump’s immigration orders. Beyond that, given the makeup of the Senate, Biden will have to seek consensus on much of his broader policy agenda. AXIOS
IN THE STREETS
Immediately after the networks called it for Joe Biden on Saturday morning, an atmosphere of joy and celebration broke out in cities across the country. On a mild and sunny day, from D.C., to Atlanta, to Philly to NYC, people spontaneously took to the streets in huge numbers to celebrate President Trump’s defeat. Masks were widely observed (social distancing, less so) and there were few signs of the unrest that many worried about. Some Trump supporters continue to protest outside ballot-counting facilities in cities like Phoenix and gathered in state capitals like Lansing to claim ballot fraud. Overseas, posts on social media showed fireworks going off in London, church bells ringing in Munich and Paris, and cars honking in Toronto. SEE PICS
FLORIDA 1-2 PUNCH
Tropical Storm Eta is moving over the Florida Keys and is expected to regain hurricane strength as it hooks left into the Gulf of Mexico, before it’s forecast to make a second landfall along the western coast of Florida late in the week. Southern Florida is under a hurricane watch and schools are closed today in Miami. TRACK
IN MEMORIAM: ALEX TREBEK
Alex Trebek, the longtime host of Jeopardy! and arguably the greatest game show host of all time, has died at 80. The cause was pancreatic cancer. Jeopardy!’s producers said in a statement that Trebek’s last day recording in the studio was just 10 days ago. New episodes will air through Christmas. OBIT
STEELERS UNDEFEATED
For the first time in the franchise’s history, the Pittsburgh Steelers are 8-0. The Steelers pulled off an ugly win over the Dallas Cowboys to remain undefeated at the halfway point of the NFL season. Earlier in the week, the team bought dinner for poll workers in Allegheny County to thank them for their service. ESPN
CLIMBING THE CHARTS
Miley Cyrus’ Party in the USA, N’Sync’s Bye, Bye, Bye and YG & Nipsey Hustle’s FDT are all charting again on the streaming services, breaking into the Top 40, Top 100 and Top 10, respectively, on Saturday following the news of President Trump’s loss. AV CLUB
SPOTTED...
...President Trump’s personal helicopter, on the auction block with no reserve price: SEE IT
LEFTOVERS: FIRST PETS
There will be dogs in the White House again. President-elect Biden has two German shepherds, Champ and Major, who will move into the White House with him in January. Major will also hold the distinction of being the first rescue dog to live at 1600 Pennsylvania Avenue. KIRO
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!
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.
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.
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.
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.
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'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.
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 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.
Digital medical care provider Pear Therapeutics rang the closing bell on the Nasdaq Friday and President and CEO Dr. Corey McCann, joined Cheddar to talk about how the company plans to grow the business of software-based therapeutics and how the first FDA authorized prescription digital therapeutics company will go about treating illnesses like insomnia and addiction. "These really are pieces of software. In many cases, they're apps and in the cases of our addiction products, these are based on something called cognitive behavioral therapy or CBT," he said. "These products change the patient's brain circuitry to help them be abstinent, to help them stay in treatment, and that's exactly what we see in randomized clinical trials and that's what we see in the real world." He also addressed the ongoing mental health crises brought on by the pandemic. **copy updated to remove IPO information as Pear Therapeutics went public in December**
