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
Emmanuel Acho on How to Live a Life Without Limits in His New Book 'Illogical'
Emmanuel Acho joined Cheddar News to talk about his new book "Illogical: Saying Yes to a Life Without Limits." The former NFL player, current broadcaster, and host is on a mission to help people see beyond the goals that they have set for themselves. “People say 'what is being illogical?'" he said. "To me, it's believing it is so even when it's not so — so that it can be so."
Green Battery Materials Maker Nouveau Monde Graphite Aims to Power Energy Revolution
Nouveau Monde Graphite says it wants to power the sustainable energy revolution. The Canadian company is developing carbon-neutral battery materials to serve the growing EV and cleantech markets and is doing so via a mining and manufacturing operation in Quebec. Eric Desaulniers, founder, president & CEO of Nouveau Monde Graphite, joins Cheddar News' Closing Bell to discuss.
Is The Housing Boom Slowing Down?
Is the housing boom coming to an end? New home sales in February fell for a second straight month as mortgage rates and house prices rise. This comes as the Fed prepares to hike interest rates more aggressively to fight inflation, potentially kicking off a cooldown in the real estate market. Mark Fleming, Chief Economist of First American, explains why new home sales isn't the full picture.
Inflation Explained...With Candy
With ongoing supply chain issues and war in Ukraine, inflation is likely here to stay. This is the first time many younger people will experience consistent inflation as working adults, so this video breaks it down using candy (for fun!).
Black Lives Matter Co-Founder Alicia Garza on Building Power With Black Futures Lab
Alicia Garza joined Cheddar News to talk about the Black Futures Lab where serves as founder and principal. The non-profit organization seeks to develop grassroots power in the Black community with projects like the Black Census, which takes into account the granular experiences of the demographic. "What we know about Black folks and the reason that we decided to focus on black communities again, it's because we're being left out and left behind their stories being told about us without our input and without our shaping," she said. "If we want a robust democracy in this country, we have to change that equation." Garza also touched on issues around voter suppression and the midterm elections.
Load More