The empty courtyard of the Louvre museum is pictured Wednesday, Oct.14, 2020 in Paris. (AP Photo/Lewis Joly)
Here are the headlines you Need2Know for Thursday, October 15, 2020:
DUELING TOWN HALLS
Over in a parallel universe, the two presidential candidates are preparing to answer questions from voters at tonight’s second debate, in what’s expected to be a spirited but polite exchange of ideas. Here in reality, after President Trump refused to do a virtual debate, he and Joe Biden will take their cases to separate primetime audiences. ABC had booked Biden for a town hall event tonight at 8 pm ET, at which point NBC booked Trump to do his own town hall, scheduled for the same time. The Peacock network is facing blowback from former execs, current stars and media critics alike, who say that the decision to counterprogram the candidates against each other is bad for voters. The dueling events go live at 8 pm ET. LA TIMES
COVID-19: EUROPE TIPPING POINT
Residents who live in and around Paris and eight other French cities will soon be under a nightly curfew for at least four weeks, part of a major crackdown from the French government to limit the spread of cases. Germany will also toughen restrictions as it records its most new cases since March. The mayor of London is calling for a “circuit breaker” -- a short national lockdown meant to cut off transmission -- as surging cases in the northern UK have spread south. London will go into Tier 2 restrictions, with a ban on households mixing indoors. BBC
STIMULUS SHIP SAILED?
It is increasingly unlikely that a new economic stimulus bill will be here before the election. Treasury Sec. Steve Mnuchin said as much, accusing Speaker Nancy Pelosi of being unwilling to make a deal that could give the White House a win. Pelosi says the $1.8 trillion offer on the table isn’t enough and doesn’t include funds for a national coronavirus testing strategy. WASH POST
SCOTUS CONFIRMATION HEARINGS
The Senate Judiciary Committee will begin the process of debating Judge Amy Coney Barrett’s nomination to the Supreme Court today following two marathon days of questioning. Barrett has wrapped up her testimony, and is all but ensured to be confirmed before Election Day, cementing the most conservative Court in 30 years. AP
WALMART BLACK FRIDAY
Walmart says it will spread out its Black Friday deals over three weekends in November in an attempt to limit crowds at its stores. The retailer is offering more doorbuster sales online, and will introduce curbside pickup for the first time for Black Friday orders. NBC NEWS
SOCIAL MEDIA THROTTLING
Facebook and Twitter have taken steps to limit the reach of a disputed New York Post article about Joe Biden's son, Hunter, and his relationship with Ukraine. Facebook said it would reduce the ability to share the story until third-party fact checkers looked at it, while Twitter banned the ability to link to the story because it violated the policy against posting hacked material. Republican officials and others are outraged, saying the social media giants are suppressing conservative content. THE VERGE
PLAYOFF BASEBALL
The Astros and the Dodgers aren’t going down without a fight. Houston edged out a win against Tampa Bay in the ALCS to keep its postseason alive, but it was Game 3 of the NLCS that’s headed for the history books. The Dodgers put on an offensive clinic, scoring 11 runs in the first inning, before the Braves even had a chance to bat. That’s the most runs ever in a single inning in a postseason game. L.A. won, 15-3, to keep its season alive. ESPN
SPOTTED...
...Matthew McConaughey and his kids in a candid shot taken for the new issue of People: SEE PICS
'HILLBILLY ELEGY' MOVIE
Glenn Close has been nominated for an Oscar seven times, and hasn’t won once. Is this finally her year? Close isn’t pulling any punches in the trailer for the upcoming Ron Howard adaptation of Hillbilly Elegy, the 2016 bestseller from J.D. Vance. The movie streams on Netflix on Nov. 24: WATCH
LEFTOVERS: WORKING MOM
How hard is it to be a working mom right now? Cheddar anchor and N2K founder Jill Wagner writes candidly about the struggles of raising a toddler and working full-time in the midst of a pandemic -- while admitting the guilt that comes along with knowing that she’s actually one of the lucky ones: READ 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!
AT&T announced earlier today it is spinning off its media properties in WarnerMedia in a merger with Discovery in a $43 billion deal.Scott Rostan, founder and CEO at Training The Street, joined Cheddar to talk about what the unwinding of the telecom giant's Time Warner media properties means for investors. "I think the investor sentiment is they're digesting the new information, and they're looking into the dividend, especially the reduction of the dividend," said Rostan, noting the transaction allows AT&T to focus on its core telecommunications business.
A 2021 report from UK Research and Innovation found that the shipping industry makes up at least 2.5 percent of the world's total CO2 emissions. It's a problem that energy solutions company, Leclanché, is trying to solve. Founded in 1909, the company has been developing and producing batteries for more than 100 years. Today, Leclanché's lithium-ion battery is used to electrify not just ships, but also railroad locomotives, trucks, and specialty vehicles. Cheddar News spoke with Pierre Blanc, chief technology and industrial officer of Leclanché, to discuss.
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.
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" 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.
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.
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.
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.
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.
