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
Streaming Services Compete for South Korean Content
The record-breaking success of "Squid Game" on Netflix has many media companies competing to produce, stream, and invest in new content from South Korea. Netflix has spent half a billion dollars on developing Korean content this year, and other streaming services are taking note. Seth Schachner, managing director at StratAmericas and digital business executive, joins Cheddar News to discuss.
Elon Musk and Jack Dorsey Weighing In On Web 3.0
The two tech- billionaires Elon Musk and Jack Dorsey are the latest voices to discuss the new hypothetical internet called Web 3.0. According to the billionaires, the new concept is just a "marketing buzzword" and cannot exist without venture capitalists or large backing. However, advocates of the Web 3.0 believe this decentralized space is the next big thing to help put ownership back into the hands of the people. Senior News Editor at The Verge, Richard Lawler, joined Cheddar to discuss more.
The Growth of the Gaming Industry in 2021
This year, the games market will generate total revenues of $180.3 billion dollars, a significant increase from 2020. While the industry continues to grow and expand into new spaces, such as the metaverse, there is still plenty of room for growth and reform in this male-dominated market. Katie Robinson, content creator, joins Cheddar News to discuss.
Tips for Finding the Best Home for Your Family
Jacob Channel, Senior Economic Analyst at LendingTree, joins Cheddar to discuss some of the most family-friendly metros in the U.S., and tips for house hunting for a family in the new year.
'Cobra Kai' Star Jacob Bertrand on Season 4, Podcasting With Co-Star Xolo Maridueña
The hit series "Cobra Kai" on Netflix is about to drop the fourth season on December 31. Jacob Bertrand, who plays Eli "Hawk" Moskowitz, joined Cheddar to talk about what viewers can expect from his character in the upcoming season and why it translates so well with new audiences as well as fans of the original "Karate Kid" film. Bertrand also discussed his podcast with series co-star Xolo Maridueña called "Lone Lobos."
Fun Facts Behind This Year's Times Square New Year's Eve Ball
The theme for this year's Waterford Crystal Times Square New Year's Eve Ball is the 'Gift of Wisdom.' Waterford Crystal's Master Artisan Tom Brennan joins Cheddar News to discuss the story behind this year's theme, how Covid is impacting New Year's celebrations and some surprising facts about the Waterford Times Square ball.
Holiday Retail Sales Rose 8.5% From 2020, Mastercard Says
Despite challenges like inflation, labor and product shortages, and the Omicron variant, holiday sales saw record levels of growth this year, according to a new report from Mastercard SpendingPulse. The group reports on national retail sales across all payment types, finding that holiday sales rose at the fastest pace in 17 years this year. Mastercard senior advisor and former chariman and CEO of Saks Incorporated Steve Sadove joined Cheddar News' Closing Bell to discuss.
Load More