Here are the headlines you Need2Know for Tuesday, August 4, 2020:

ISAIAS MAKES LANDFALL: Isaias has been downgraded to a tropical storm after making landfall along the North Carolina coast as a Cat 1 hurricane, with wind guests as high as 93 mph. The storm is moving fast and will sweep up through the Eastern Seaboard today. Tropical Storm Warnings are in place from Cape Hatteras to Boston; D.C., Philly and NYC are likely to see wind speeds of 60-70 mph. Isaias may be the strongest storm to hit the New York metro area since Sandy in 2012. TRACK

COVID-19: LATEST DEVELOPMENTS: President Trump is criticizing another member of the White House coronavirus task force: Dr. Deborah Birx, after she issued a stark assessment of how the virus is spreading in the U.S. Now Dr. Fauci is defending Dr. Birx, agreeing that the U.S. is seeing uncontrolled community spread in many areas by asymptomatic people carrying the virus. Schools have begun reopening in some states, with chaotic results: there have been quarantines, postponements and closures as students and teachers bring the virus back to school with them. NY TIMES

JUDGE'S PLEA: The federal judge whose son was shot to death at their home by a “men’s rights” lawyer two weeks ago has broken her silence. Judge Esther Salas released an emotional nine-minute video in which she calls for more personal security for judges and asks that her son’s death not be in vain: WATCH

TRUMP TAX INVESTIGATION: The Manhattan DA’s office has suggested for the first time that it’s investigating President Trump and his business for potential bank and insurance fraud. In a court filing, the DA asked the president’s accounting firm to voluntarily comply with a subpoena seeking his tax returns after the Supreme Court ruled that sitting presidents aren’t immune from investigation. NY TIMES

RETAIL APOCALYPSE: The retail bankruptcies keep on coming. Lord & Taylor, the oldest department store in the country, has filed for bankruptcy protection, joining Neiman Marcus. The parent company of Men’s Wearhouse and Jos. A Bank has also filed, joining Brooks Bros. The pace of retail bankruptcies through the first half of this year far exceeded the entirety of 2019. AP

ANTIDEPRESSANT BREAKTHROUGH: The FDA has approved an antidepressant nasal spray for use in actively suicidal patients, the first time a drug has been given the greenlight for people who are planning to kill themselves, and a potential milestone for mental health treatment. The quick-acting spray, called Spravato, is a close cousin of the party drug ketamine, and has been used for treatment-resistant depression for the last year but never for people in the midst of an active suicidal crisis. BLOOMBERG

MIRACLE ON ICE: The MLB and NBA have been getting all the headlines, but another pro sports league has been showing success in its restarted season. The National Hockey League resumed play over the weekend, and says no players or staff members have tested positive for Covid-19 since they arrived in two Canadian hub cities. The NHL is conducting a 24-team postseason round robin, with the Western Conference playing in Edmonton and the East playing in Toronto. CNN

THE ROCK BUYS XFL: An investor group that includes Dwayne “The Rock” Johnson has purchased the XFL for just $15 million. The alternative football league was attempting a comeback in the spring but immediately went bust when the virus hit the U.S. There was supposed to be an auction for the remains this week, but only the one bid materialized. Johnson and his partners are reportedly planning to resurrect the XFL once again next year. ESPN

SPOTTED...

...Five-time gold medal winner Katie Ledecky swimming the length of a pool with a glass of chocolate milk balanced on her head. The stunt is part of a new Got Milk? ad campaign: SEE IT

…(ICYMI) A tomato that got Twitter in a frenzy over its striking resemblance to NBA great Larry Bird: SEE IT

LEFTOVERS: THE AMERICANS ARE COMING

With the U.S.-Canada border closed for nonessential travel since March, Canadian police are cracking down on Americans who keep trying to cross the border using the “Alaska loophole” -- telling border agents they’re just on their way to Alaska. American tourists have been caught hiking and boating in Canadian territory, with some boaters even turning off their transponders to avoid detection. NPR

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