Here are the headlines you Need2Know for Wednesday, June 24, 2020:

EU TRAVEL BAN: The European Union is reportedly planning to ban Americans from flying into E.U. bloc countries because of how poorly the United States has controlled the spread of coronavirus. That would put the U.S. in the same category as Brazil and Russia, on a list of nations whose citizens would be barred from traveling to Europe when its borders reopen on July 1. NY TIMES

FAUCI ON THE HILL: Dr. Fauci says he is “cautiously optimistic” that a COVID-19 vaccine will be ready by the end of the year or early 2021. Fauci testified to Congress about the country’s pandemic response, calling it a “mixed bag” so far and noting a “disturbing surge” in new infections. He also said he was never told to slow down virus testing. CNN

PRIMARY RESULTS: There’s no final calls in many of the biggest primaries given how many people voted absentee, but there are still several takeaways the morning after: N.Y.’s Rep. Eliot Engel is likely to be defeated by progressive newcomer Jamaal Bowman; AOC easily won her primary; and President Trump’s iron grip on the GOP is slipping. A 24-year-old newcomer won in the N.C. district vacated by Mark Meadows, who is now the White House chief of staff. Madison Cawthorn easily beat Meadows’ handpicked replacement, who was also endorsed by Trump. POLITICO

MACY'S FIREWORKS A GO: The famous Macy’s Fourth of July Spectacular will happen in NYC this year, though there will be some significant changes. Starting next week, there will be a series of short fireworks shows in each of the city’s five boroughs, followed by a grand finale on the 4th that will be televised - but the city is keeping the sites secret in order to keep people from congregating. ABC NY

SAVINGS SKYROCKET: Americans are saving more money than ever. U.S. banks have seen a record $2 trillion in deposits since the pandemic started and the personal-saving rate hit a record 33 percent in April, up from 7.5 percent at the end of 2019. The influx of cash from the PPP, enhanced unemployment benefits and stimulus checks are part of the reason, combined with people pausing big purchases. But with rates so low, any money you have sitting in a savings account isn’t going to be earning much in the way of interest for a long time. BI

R.I.P. SEGWAY: Segway, the company behind the two-wheeled self-balancing people mover popular with mall security guards, is shutting down its namesake product, 20 years after launching amid a frenzy of hype that it would be the next big thing in personal transport. Segway originally anticipated selling 100,000 a year, but it only ever sold about 140,000 in total. The last Segway will roll off the line on July 15. FAST COMPANY

PLAY BALL! Major League Baseball will hold a shortened season, with Opening Day set for July 23 or 24. The league and players agreed on safety protocols for the 60-game season, effectively ending the stalemate. Players report to camp on July 1. CBS SPORTS

BUBBA WALLACE UPDATE: The FBI has determined that the 'noose' that was found hanging in NASCAR driver Bubba Wallace’s garage stall had been there since October, and Wallace was not the victim of an intentional hate crime. YAHOO SPORTS

DJOKOVIC COVID POSITIVE: Novak Djokovic and his wife have tested positive for COVID-19 after hosting a series of exhibition matches in Europe without any social distancing guidelines. Previously, the No. 1 ranked tennis player in the world had not committed to play the U.S. Open, saying he didn’t want to deal with the safety protocols put in place. ESPN

'THRONES' BOOK PROGRESS: One good thing to come out of the pandemic, at least for Game of Thrones fans: George R.R. Martin has been writing. The author has updated Thrones fans on the progress of The Winds of Winter, his highly anticipated sixth installment in the series. Martin says he’s been holed up, writing away, and expects the book to be done next year. EW

SPOTTED...Timothée Chalamet and his new girlfriend, actress Eiza González, vacationing in Mexico: SEE PICS

LEFTOVERS: IT HAPPENED AGAIN: Another art conservation effort in Spain went horribly wrong, drawing comparisons to the infamous and widely mocked “Monkey Christ” painting. A private collector hired a furniture restorer to clean and restore a priceless painting of the Virgin Mary by the Spanish artist Bartolomé Esteban Murillo. It did not go well: SEE PIC

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.
America's Mothers Still Struggling to Balance Work and Child Care Post Pandemic
Throughout this pandemic, we witnessed a mass exodus of women in particular, from the workforce. A number of women say an increase in home and child care responsibilities forced them to make a decision they never thought they would; to simply quit their jobs. Many others had the decision made for them and were laid off. In fact, we did a LinkedIn poll today where 29 percent of women said their careers took a back seat. Reporting Fellow at Type Media Center and Author of "Work Won't Love You Back" Sarah Jaffe, joined Cheddar to discuss more.
Load More