Members of Congress and the Congressional Black Caucus form a circle around the flag-draped casket of the late Rep. John Lewis, D-Ga., as he lies in state at the Capitol in Washington, Monday, July 27, 2020. (Jonathan Ernst/Pool via AP)
Here are the headlines you Need2Know for Tuesday, July 28, 2020:
COVID-19: LATEST DEVELOPMENTS: Lawmakers will continue to negotiate over the scope of the next economic relief package today. Republicans opened with a $1 trillion plan that would cut the enhanced unemployment benefit from $600 to $200 a week. The Democrats want to keep that benefit intact through the end of the year as part of their $3 trillion package. At the White House, Trump's national security adviser Robert O’Brien, tested positive, becoming the highest-ranking official and member of the president’s inner circle to contract the virus. Meanwhile, new cases are starting to level off in Texas, Arizona and Florida. REUTERS
BACK TO SCHOOL: What can the U.S. learn from countries that have successfully reopened their schools? A number of studies in countries like Germany and Denmark suggest that the safest way to bring students and teachers back to school depends on a number of variables -- including the age of students. Teens appear to transmit the virus much easier than younger kids, with one South Korean study showing that children under 10 had the lowest transmission rate of any age group, whereas 10-19 year-olds had transmission rates similar to adults. WIRED
LEWIS LIES IN STATE: The late Rep. John Lewis became the first Black lawmaker to lie in state in the Capitol, one of the highest honors that can be given to an American. Lewis’ coffin was brought to the rotunda for a private ceremony for members of Congress. Members of the public have been able to pay their respects outside the building. President Trump said he will not visit the casket. AP
U.S.-CHINA RELATIONS: China has officially taken back control of the American consulate in Chengdu, a symbolic indication of how far and fast the diplomatic relations between the world’s two largest economies have deteriorated. Chinese soldiers took down the U.S. flag outside the mission as crowds of people waving Chinese flags looked on. GUARDIAN
GOLD RECORD RUN: The price of gold is now at a record high, approaching $2,000 an ounce. Gold is typically thought of as a “safe haven” investment where you park your money when you’re worried about the global economy, and the run up in its price suggests investors are increasingly nervous about the recovery -- not just the virus, but the growing tension between the U.S. and China, as well. BLOOMBERG
GOOGLE WORK FROM HOME: Google has decided to keep all of its employees remote until at least next summer, becoming the first major American company to extend the timeline for work-from-home out an entire year. The decision will affect nearly all of Google parent Alphabet’s 200,000 employees, from Silicon Valley to India. WSJ
MLB COVID OUTBREAK: The MLB season isn’t even a week old and it’s already in jeopardy after a coronavirus outbreak swept through the Miami Marlins clubhouse. Three games have been postponed as the league tries to stem the outbreak, which has infected at least 14 members of the Marlins organization. ESPN
MOVIE RELEASE DATES: The summer movie season is a wash. The fall season, when most of the big Oscar contenders are released, is in peril. So what’s left? Here’s a list of every movie that was supposed to come out this year, and when it’s now scheduled for release. Just go ahead and assume you won’t be going to the theater until next year: READ IT
WELCOME TO THE WORLD...baby Willa! That’s reportedly the name of Joe Jonas and Sophie Turner’s baby girl. The Game of Thrones actress gave birth to the couple’s first child last week. TMZ
LEFTOVERS: SORRY FOR ROCKING: New York Gov. Andrew Cuomo has launched an investigation into a Chainsmokers concert that took place in the Hamptons last weekend after videos on social media showed people crowding together to watch the show, which was supposed to be a drive-in. The charity concert -- tickets were going for as much as $25,000 a pop -- also featured a set by DJ D-Sol, the alter ego of Goldman Sachs CEO David Solomon. PITCHFORK
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John Bencich, CEO of Achieve Life Sciences, joins Cheddar Innovates to discuss a new plant-based compound that's being used to fight nicotine addiction.
On this episode of Cheddar Innovates: CEO of Achieve Life Sciences discusses a new plant-based compound that's being used to fight nicotine addiction; President & CEO OF DiaMedica Therapeutics explains a new ischemic stroke treatment option that expands the window for effective therapy for stroke patients; Cheddar gets a look at Curiosity Stream's 'Asteroid Rush.'
Catching you up on today's entertainment headlines with the Tribeca Film Festival has kicked off in NYC, "Black Adam," starring Dwayne "The Rock" Johnson dropped its first full trailer, the musical "Come From Away" based on a true story set during 9/11 will be closing on Broadway this October, and more.
Survivors of Larry Nassar, including Olympian Simone Biles, are seeking $1 billion in damages from the FBI due to its failure to investigate the former gymnastics team doctor convicted of committing years of serial sexual abuse of minors. Jack Queen, a senior reporter at Law360, joined Cheddar News to break down the legal grounds of this case. "This is one of the biggest black eyes that the Bureau has faced in generations, quite frankly, and the FBI has taken full responsibility and admitted that it completely botched this investigation," he said. "So, there's a lot of pressure to settle."
The Elevate Prize Foundation is donating $10,000 to different grassroots organizations based on a theme every month to help scale their work, focusing on a different theme each time. Upcoming prizes will help uplift an organization supporting the LGBTQ community and one mobilizing to help end gun violence. The foundation's CEO Carolina Garcia Jayaram joined Cheddar to discuss the initiative and why it's important to uplift these grassroots organizations. "We are identifying social entrepreneurs around the world to help them scale their work. but the ultimate purpose of that is to create the first-ever fanbase for good," she said. "We're trying to make good famous and by inspiring people to think about the role they can play in doing good in the world."
With real estate being a largely male-dominated industry, Stephanie Shojaee, vice president and chief marketing officer at development company Shoma Group, joined Cheddar News to discuss how she took on the gender gap for women to achieve leadership roles, starting at her own company. “It's been very important to teach all the women that work here, especially the younger ones, that they shouldn't change themselves," she said. "You need to be happy with who you are and just keep breaking barriers."
We are already starting to feel the effects of summer. Heat waves in Texas and California are already sending temperatures soaring. That could spell trouble for the nation's power supply. there are new concerns about outages in many areas of the country. Cheddar's Shannon Lanier explains the two main causes of blackouts, and what states are doing to keep the lights on and the air conditioning running.
If you have been on the road this past year, you've probably seen more accidents on the road than you ever have. You're not wrong. Traffic fatalities are not only increasing they are hitting historic highs. Almost 43,000 people died in motor vehicle accidents in 2021. Cheddar's Shannon Lanier investigates - and finds out why.
U.S. stocks close Tuesday at session highs after a subpar start to the trading day. Tim Chubb, Chief Investment Officer at the wealth advisory firm, Girard, joins Cheddar News' Closing Bell to discuss. 'We're starting to see the moderation of three core things -- we've seen the moderation of prices, we've seen the moderation of wage growth we've seen in the labor market, and we've also seen a moderation of job openings,' he says.
The victims from the USA gymnastics sexual abuse scandal continue to seek justice. Survivors of Larry Nassar are seeking more than one-billion dollars from the FBI for failing to stop the convicted sports doctor when the agency first received allegations. According to a report released by the Justice Department's Inspector General, FBI agents knew
in July of 2015 that Nassar was accused of abusing gymnasts; however, Nassar wasn't arrested until December of 2016. The group that filed the claim includes Olympic medalist Simone Biles and around 90 other women. Louise Radnofsky, sports reporter at The Wall Street Journal, joins Cheddar News' Closing Bell to discuss.
