Here are the headlines you Need2Know for Friday, September 4, 2020:

LABOR DAY WEEKEND 2020

With this long, hot summer coming to an unofficial close, the weather across much of the country is looking great for a holiday weekend. The exception is in the West. California is about to get another serious heat wave that threatens to undo the progress firefighters have made in containing wildfires. Los Angeles could see record-breaking temps, with the high on Sunday expected to reach 106. Dr. Fauci is warning people in the Midwest to be especially vigilant with social distancing given the spike in coronavirus cases across states like Iowa, Kansas and the Dakotas. Both Memorial Day and July 4th weekends were responsible for seeding outbreaks. NPR

SOCIAL UNREST

PORTLAND: The Antifa supporter who was suspected in the killing Jay Danielson, a member of a pro-Trump caravan, during violent protests last weekend was himself shot and killed by police as they attempted to arrest him. Officials say the suspect, Michael Reinoehl, was armed as they moved to apprehend him. He had given an interview in which he admitted to shooting Danielson, but said it was self-defense. OREGON LIVE

ROCHESTER: Protests continued after the mayor of Rochester, N.Y.  suspended seven police officers involved in the death of Daniel Prude, the Black man who suffocated to death after police put a hood over his head and pressed his face into the pavement during an incident in March. The mayor said she was misled by the city’s police chief, who told her Prude died of a drug overdose while in custody (he died of asphyxiation, with drugs as a contributing factor). Police say they put the hood over Prude's head because he told them he had coronavirus and was spitting. CNN

FACEBOOK ELECTION INTEGRITY

Facebook will ban all new political advertising during the week before Election Day, an attempt to suppress misinformation and interference from President Trump and others. The social network will also take down posts that attempt to dissuade people from voting and flag posts from any candidate claiming a premature victory. The Trump campaign called the move to suspend political ads an attempted silencing by the “Silicon Valley mafia.” ABC NEWS

TRUMP DENIES CALLING TROOPS 'LOSERS'

President Trump has angrily and forcefully denied a report in The Atlantic that cited several anonymous sources who claimed he referred to American soldiers who died in WWI as “losers” and “suckers” and once refused to visit a military cemetery because he thought the rain would mess up his hair. The president said: “I would be willing to swear on anything that I never said that about our fallen heroes. There is nobody that respects them more.” That Atlantic story, written by its editor-in-chief, has upended D.C. with less than two months until Election Day: READ IT

MARKETS & ECONOMY

Stocks had their worst day since June on Thursday, with the S&P dropping 3.5 percent and the tech-heavy Nasdaq sinking 5 percent. The market has been on a tear, led by tech stocks, which took the brunt of the selling. Apple and Tesla were down 8 and 9 percent, respectively. The August jobs report that came out this morning showed a gain of 1.4 million jobs -- below the 1.8 million in July and 4.8 million in June. The official unemployment rate dropped more than expected to 8.4 percent. MARKETWATCH

IPHONE TRACKING

Apple is delaying a change to its iPhone software that would give users the chance to opt in or out of data tracking on an app-by-app basis. That change had Facebook, as well as smaller app makers, worried that it will hurt their ability to serve targeted ads. Apple says it’s punting the update until early next year. AXIOS

RUNNING OF THE ROSES

When the gun goes off at Churchill Downs for the delayed Kentucky Derby on Saturday, thousands of racial-justice demonstrators are expected outside the racetrack in Louisville, Ky., the city where Breonna Taylor was killed by police. The race itself will go on without any fans in attendance with Tiz the Law the heavy favorite to win. NBC NEWS

BATMAN GETS COVID

Three days after it resumed, production on The Batman has once again shut down after Robert Pattinson -- Batman himself -- reportedly tested positive for COVID-19. About a quarter of the film is said to be in the can, and it’s still on schedule for a late 2021 release. VANITY FAIR

SPOTTED...

Daniel Craig, Rami Malek and Ana de Armas in the brand-new trailer for No Time to Die, the latest James Bond flick that was supposed to come out in April. The film is now set for release in November: WATCH

LEFTOVERS:  MULAN WEEKEND

Mulan, the biggest live-action movie of the year that’s going straight to streaming, premieres on Disney+ today. To watch it, you’ll need to be a paying Disney+ subscriber -- and then plunk down another $30 on top of that. Mulan’s getting pretty good reviews, currently kicking around at about 80 percent on Rotten Tomatoes. 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!

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Severe Snowstorm Blankets D.C., Mid-Atlantic Region
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End of Child Tax Credit Could Mean Slide Back Into Increasing Child Poverty
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NYT Piece Claims Silicon Valley Investors and Founders Contorted Legal Tax Break to Avoid Taxes on Investment Profits
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