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

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
U.S Chamber of Commerce Hosts Virtual Event 'Developing the Black-Owned Business Ecosystem'
For black history month, Cheddar is highlighting black business leaders who are driving the need for representation forward. On February 10, the U.S. Chamber of Commerce hosted an event called 'Developing the Black-Owned Business Ecosystem.' The virtual event was organized under the lobbying group's two initiatives -- the Equality of Opportunity Initiative, and the Coalition to Back Black Businesses. The event highlighted the developments needed to develop more black-owned businesses in the U.S. Dr. Anthony Wilbon, Dean of the School of Business at Howard University, joined Cheddar News' Closing Bell to discuss his experience as a speaker at the event.
Bringing Black History Month Celebrations to Your Business
While Black History Month is a time to celebrate the achievements of Black Americans, it's also a time to reflect on how they can be better heard and supported. Black Americans are still fighting for voting rights, facing more severe impacts from COVID-19, and experiencing gaps in workforce representation and pay. Alexandra Schrecengost, hybrid work expert and CEO of "Virtual With Us" and "Culture With Us,' joined Cheddar News to discuss.
Whats in Store for Univision's Premio Lo Nuestro 2022
Premio Lo Nuestro 2022 is kicking off awards season this month with its 34th show. The star-studded event will include performances from Pitbull, Luis Fonsi — and even Sting with his new Spanish-language single "Por Su Amor." Ignacio Meyer, the vice president of music and non-scripted entertainment, Univision, joined Cheddar News to talk about the music award show details. "We’ve actually still got plenty of surprises that were going to be announcing," Meyer said. "We're not done announcing the star power just yet." Singer Camilo leads with 10 nominations going into the event.
Real Estate Key to Closing Wealth Gap Even as Black Spending Power Hit $1.6 Trillion
Black spending power reached a record $1.6 Trillion in a 2021 report from the University of Georgia Selig Center for Economic Growth. Ayesha Selden, certified financial planner, breaks down why real estate is the key to closing the racial wealth gap and how Black Americans are using social media to improve financial literacy. "If we look at home ownership as being a primary driver of wealth, when you look at the equity that Americans have in their homes, that equity can be used to buy additional assets like other rental properties. That equity can be used to educate our children," Selden said, noting that lower rates of home ownership meant Black Americans tend to incur more debt on average for their student loans.
Upcycling in Fashion; TikTok Dominating Style Trends
On this episode of Cheddar Reveals, Dr. Kate Strasdin, fashion historian & senior lecturer in Cultural Studies at Falmouth University, discusses the lessons industry leaders draw from history to make fashion more sustainable today; Kendall Becker, fashion editor and trend forecaster, forecasts the hottest trends of 2022, and what will be left in 2021; Cheddar gets a look at Curiosity Stream's 'Going Circular.'
TikTok Dominating Style Trends
Kendall Becker, fashion editor and trend forecaster, joins Cheddar Reveals to forecast the hottest trends of 2022, and what will be left in 2021.
Does Owning Crypto Really Make Daters More Desirable?
A new survey from Etoro suggests that talking crypto might actually help Americans on the dating scene find love...or at least land another date. The survey found that 74% of respondents would be more interested in going on a second date with a person that pays the bill in Bitcoin. Callie Cox, Etoro's U.S. investment analyst, joined Cheddar News to discuss.
Energy Vault Begins Trading on the NYSE Following SPAC Merger
Energy Vault, the company developing sustainable, grid-scale energy storage solutions, is now trading on the New York Stock Exchange following the completion of its business combination with Novus Capital Corporation II. Energy Vault develops sustainable, grid-scale energy storage solutions designed to advance the transition to a carbon free, resilient power grid. Robert Piconi, co-founder and CEO of Energy Vault, joins Cheddar News' Closing Bell to disucss.
Load More