Here are the headlines you Need2Know for Tuesday, July 7, 2020:

COVID-19: LATEST DEVELOPMENTS: Dr. Fauci said the U.S. is “still knee-deep in the first wave” of the pandemic, as 12 states are now hitting new 7-day average case highs. Miami is the latest city to close restaurants and gyms again; the mayor of Miami-Dade says the area’s new infections are coming primarily from 18-34-year-olds who have been gathering without masks. There have been nearly 300,000 new cases nationwide in the first week of July. AP

BACK TO SCHOOL: HYBRID MODEL: Harvard and Princeton have announced their plans for the fall semester, which include bringing some students back, but not at the same time, and an emphasis on remote classes. At Harvard, all classes will be online, even for students living on campus, and tuition will be unchanged (around $50,000). Princeton is doing something similar, but will offer a 10 percent tuition discount. Last week, USC reversed its plan to bring students back and will now do most classes online. CNN

BACK TO SCHOOL: FOREIGN STUDENTS: ICE issued its rules for foreign students returning in the fall: students taking classes at colleges or universities that are teaching entirely online will not be allowed to enter the country. If they’re already here, they have to transfer to a school with in-person instruction or face deportation. WSJ

PIPELINES PULLED: Two major oil and gas pipelines have been shelved or cancelled in the last 48 hours, in a sign that investment in new fossil fuel infrastructure is becoming harder to justify. A federal judge ordered the controversial Dakota Access Pipeline to shut down next month while it undergoes an environmental review. That decision came after two energy companies announced they were pulling the plug on the Atlantic Coast Pipeline, which would have gone under the Appalachian Trail, saying it wasn’t worth the legal and regulatory headaches. BLOOMBERG

'FAITHLESS ELECTOR' DECISION: The Supreme Court ruled unanimously that states can punish members of the Electoral College who vote for someone other than the candidate who won the state’s popular vote. The case came out of an ill-fated attempt by several “faithless electors” who “went rogue” in 2016. The 9-0 decision is a win for state officials who warned that it would turn into a constitutional crisis if electors were able to cast ballots against the will of the voters. NBC NEWS

PPP RECIPIENTS: What do the Girl Scouts, Kanye West’s clothing company, and a minor league baseball team owned by the governor of Ohio have in common? They all received federal small business bailout loans. The Treasury Dept. backtracked and released the names of 660,000 entities that got more than $150,000 in PPP funds. The vast majority of the nearly 5 million small businesses that were approved for loans took less than that. WASH POST

BLACKOUT DAY: Activists have designated today ‘Blackout Day,’ a day for Black Americans to “exercise their spending power” by refraining from buying anything, except for goods and services from Black-owned businesses. Organizers of the movement say it’s the first step in an effort to “rebuild the Black dollar.” COMPLEX

MAHOMES RECORD CONTRACT: Reigning Super Bowl MVP Patrick Mahomes will be playing in Kansas City into the next decade. The Chiefs have reportedly signed Mahomes to a rare 10-year contract extension worth $450 million, complete with a no-trade clause and $140 million injury guarantee. If the numbers are confirmed, it will be the richest deal in football history. ESPN

BUBBA V. TRUMP: NASCAR’s Bubba Wallace has fired back after President Trump accused him in a tweet of not apologizing over the Talladega noose investigation, which the president called a “hoax.” Trump also criticized NASCAR’s ban on Confederate flags. Wallace framed his response as a message to younger generations, ending it: “Even when it’s hate from the POTUS..Love wins.” SEE TWEET

COLIN KAEPERNICK, MEDIA MOGUL: On the heels of a production deal with Netflix, Colin Kaepernick has now signed a first-look deal with Disney to create content that explores race and social justice. To start, the former NFL star-turned-activist will be the focus of a docuseries produced by Disney’s ESPN Films. VARIETY

LEFTOVERS: DOOMSDAY BUNKER: If the news has you ready to pack it in and head underground, why not do it in style? A former missile silo in Kansas is being turned into an ultra-luxe underground condominium complex for the wealthy. Wait out the apocalypse with all the basics -- Sub-Zero fridges stocked with fresh water and canned tuna -- plus your own decontamination room, access to automatic weapons, and even a water slide. Units start at $1 million, plus expenses -- and there’s already a waiting list. CNET

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
Rep. James Clyburn on Honoring Martin Luther King Jr. and Fate of the Filibuster
With Martin Luther King Jr. Day fast approaching, Rep. James Clyburn (D-S.C. 6th District), the House Majority Whip, talked about the importance of honoring the iconic civil rights activist. "As we consider the life and celebrate the legacy of Martin Luther King Jr., let's think about who and what we are as a country, and whether or not we're going to give up on the ideals of this country or continue to press forward," he said. Clyburn also discussed the push for new voting legislation, the For the People Act and the John Lewis Act, as well as the fate of the Senate filibuster.
Game On for Sports Betting in New York
It was 'game on' for sports bettors in the state of New York, as mobile betting kicked off on four major betting operating platforms Saturday. This comes at an exciting time for sports fans with some of the biggest NFL games of the season right around the corner. Cam Rogers - Host of Lock It In with Cam Rogers, Betting Analyst at the Bleav Podcast Network joined Cheddar's Opening Bell to discuss.
U.S. Purchases 600K Doses of New Antibody Treatment Amid Omicron Surge
The United States purchased over 600,000 doses of a monoclonal antibody treatment from Glaxosmithkline and Vir Biotechnology, bringing the total worldwide doses purchased to 1.7 million. This comes as the country attempts to ramp up treatment options as cases of the omicron variant continue to surge. Dr. Asha Shah, Director of Infectious Diseases at Stamford Health joined Cheddar's Opening Bell to discuss.
Victor Cruz Might Even Flip Burgers Himself for His Krystal Restaurants Franchise in NJ
Former wide receiver for the New York Giants, Victor Cruz has partnered with Krystal Restaurants, a popular burger chain in the South, to bring the franchise to his home state of New Jersey. Cruz and Alice Crowder, CMO of Krystal Restaurants, joined Cheddar's Opening Bell to discuss the venture. The five new locations will be known as "Victor Cruz's Krystal," decked out with memorabilia from his football career, with the former player explaining how "hands-on" he plans on being. "You never know, OK? You might walk in and Victor Cruz will be flipping a burger back there, and you might be getting it directly from the source," he said.
Sports Betting Industry Growth
Max Bichsel, vice president at Gambling.com Group joins Cheddar News to talk about the growing sports betting industry, New York legalizing mobile betting, and 2022 predictions for the sector.
Massive Gaming Deal as Take-Two Interactive Acquires Zynga
Mario Stefanidis, Vice President of Research at Roundhill Investments, joined Wake Up With Cheddar to break down the implications of the Take-Two deal to purchase Zynga, as the gaming giant looks to become a major player in mobile gaming.
As the Covid Crisis in Schools Ramps Up, Educational Leaders Struggle
Covid cases have started to spike again across the nation, and this time they seem to be hitting some of our youngest and most vulnerable - school-aged children. School districts across the nation - including the country's largest public school system in New York City- are all grappling with what to do as teachers and students alike continue to miss school in droves. Katie Honan, reporter for the New York City-based non profit news organization, The City explains how educational leaders across the country are handling covid demands from both teachers and parents alike.
Bitcoin Dips Below $40K As Death Cross Looms
For the first time since September, Bitcoin fell below $40,000 early Monday. The currency's average short-term price has now dipped below its average long-term price, which is known by a rather dramatic term, a death cross. According to analysts, the indicator appears to be a result of mounting concerns of faster liquidity withdrawal by the US Federal Reserve. The crypto slump also follows a week of rough trading for equities overall. CEO Snickerdoodle Labs and Co-Founder of the Stanford Future of Digital Currency Initiative, Jonathan Padilla, joined Cheddar to discuss more.
Load More