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
Global Consumer Spending in Mobile Apps Reached $133 Billion in 2021, Sensor Tower Says
While people have been spending more time on their phones throughout the pandemic, a new report shows they were also spending more money as well. A review from Sensor Tower on the global app ecosystem this year found that the app economy will see record consumer spending in 2021, up nearly 20% from 2020. Sensor Tower director of sales and financial institutions Anthony Bartolacci joins Cheddar News' Closing Bell to break down the report.
Florida's Seminole Tribe Suspends Online Sports Betting App After Federal Court Ruling
The future of gambling in Florida recently suffered a major setback after a federal appeals court rejected a request from the state and the Seminole Tribe to allow online sports betting in the state. Now, the tribe has been forced to stop taking bets on its Hard Rock sportsbook app. ESPN gaming writer David Purdum joins Cheddar News' Closing Bell to discuss what this could mean for the future of sports betting in Florida.
Web3 Project Tool Thirdweb Raises $5 Million
Web3 software startup Thirdweb has raised $5 million in a funding round, coming from a group of high-profile investors, including Gary Vaynerchuk and Mark Cuban. Thirdweb says it is paving the way for the revolution surrounding the new iteration of the internet known as web3, by offering users free tools to build their own web3 projects. Thirdweb's co-founders Steven Bartlett and Furqan Rydhan join Cheddar News' Closing Bell to discuss.
Coatue and Tiger Global Purchase $100 Million Braintrust Tokens to Seed Decentralized Web3 Talent Network
Decentralized talent network Braintrust recently closed an atypical equity deal that involved investors buying $100 million in Braintrust tokens, the company's cryptocurrency. Braintrust's talent network is built on blockchain technology, which the company says allows it to be owned and built by users, instead of a centrally-controlled corporation. Braintrust users can also earn tokens for their contributions to the network and its growth. Braintrust co-founder Adam Jackson joins Cheddar News' Closing Bell to discuss.
Elon Musk Named Time's Person of the Year for Pioneering Work on Earth — and Beyond
Time magazine has unveiled SpaceX and Tesla CEO Elon Musk as Person of the Year for 2021. Jeffrey Kluger, editor at large for Time, told Cheddar that Musk's impact on so many facets of forward-looking industries like crypto, solar power, electric vehicles, and especially his work on space travel were the reasons behind the selection. "On balance, Musk is performing on so many levels and in so many venues that it was hard not to consider him our Person of the Year," he said. Kluger also noted that the choice is based upon the influence the subject has had, whether good or bad and is not a judgment on its own.
Unpacking Racial Trials in America
The recent verdicts of the Kyle Rittenhouse and Ahmaud Arbery murder trials have put a spotlight on the country's justice system. Experts have pointed to the explicit racial undertones in the high-profile trials, as well as the increased levels of stress that may be felt by communities of color because of the prevalence of these trials. Kailee Scales, CEO of Pencils of Promise and former first managing director of Black Lives Matter Global Network Foundation, joins Cheddar News to discuss.
Load More