Here are the headlines you Need2Know for Thursday, November 5, 2020:

WHERE THINGS STAND

As of this morning, Joe Biden has 264 electoral votes and President Trump has 214, according to the Associated Press, which has called Michigan and Wisconsin for Biden. Pennsylvania, Nevada, Georgia, North Carolina and Alaska have not yet been called. Should one of the first four go for Biden, he wins (also assuming that AP’s Arizona call holds). Biden has received more than 71 million votes, the most in history, surpassing Hillary Clinton’s popular vote by more than 5 million. Here’s an explanation of every race that the AP has called: READ IT

LEGAL BATTLE BEGINS

The Trump campaign says it will formally request a recount in Wisconsin. The campaign is suing to stop ballots from being counted in Michigan and Pennsylvania, and said it has also filed suit in Georgia to separate ballots that arrived after the voting deadline. At a convention center in Detroit where mail-in ballots were being tallied, police had to push back crowds as they demanded to be let in. AP

DEM DOWN-BALLOT DISAPPOINTMENT

Even though Joe Biden could very well become president-elect, Democrats had a very disappointing showing down-ballot. In the Senate, the party raised more than $300 million and ended up losing six of the biggest races. In the House, Dems are set to keep control but Republicans are on track to pick up at least seven seats. At the statehouse level, the National Conference of State Legislatures predicts that only four chambers in the whole country will flip -- two for Dems, two for the GOP -- the lowest number since 1946. NY TIMES

COVID-19: LATEST DEVELOPMENTS

The UK has re-entered a national lockdown, with restaurants, bars and non-essential businesses closing for at least a month and households banned from mixing indoors. Italy is also instituting severe new restrictions via a “traffic-light” regional system. Four regions, including Milan and the surrounding area, are essentially quarantine zones, with no one allowed in or out. The restrictions will be reevaluated every two weeks. Denmark will kill its entire population of mink, culling all 15 million of the animals over fears that a mutated virus among the mink could jump to humans. The U.S. shattered its own single-day record of cases with a tally of more than 104,000 new infections on Wednesday. CNN

RELIEF RALLY

Is a divided government good for business? That may be the takeaway, judging by how the market reacted on the first day of trading post-election. The Dow, S&P and Nasdaq all surged in a classic “relief rally,” as investors appeared to like the idea of a Democratic White House and Republican Senate. While that all but ensures more gridlock in D.C., it also means it’s less likely that there will be legislation to strengthen regulation or hike corporate taxes. CHEDDAR

BIGGEST IPO ON HOLD

The Chinese fintech giant Ant Group was supposed to be going public today via a dual listing in Shanghai and Hong Kong that would have been the largest IPO in history. But in a shocking move, China’s ruling party stepped in at the last minute and yanked the listing. Beijing says Ant needs to fix some capital requirements if it wants to go public. The message is clear: the government can and will show it’s in charge of the economy, even if that means Chinese investors lose out. BLOOMBERG

NBA SEASON

Normally, the NBA would be in week two of its regular season by now. The league is reportedly close to an agreement with the players’ association on starting the 2020-21 season just before Christmas, on or around Dec. 22. If both sides agree, the plan on the table calls for a reduced 72-game season that would end just before the Summer Olympics next July. ESPN

SPOTTED...

...Michael J. Fox, opening up in a new interview about his struggle with Parkinson’s. Fox reveals that his “short-term memory is shot.” PEOPLE

AUNT BECKY IN JAIL

Lori Loughlin is said to be a “wreck” as she serves out her first week behind bars. The Full House actress reported to federal prison in California last Friday, where she is serving a two-month sentence for her role in the college admissions scandal. Loughlin is reportedly hoping to get released by Christmas. US WEEKLY

LEFTOVERS: BOOZE AND FRIES

It wasn’t just you. Google searches for “liquor stores near me” hit an all-time high as returns started coming in on Election Night. Google Trends reported that searches for “fries near me” also hit a new high. See what else people were Googling: SEARCH TRENDS

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
Online Used Furniture Marketplace Kaiyo Raises $36 Million
Food, paper, and plastic are known to be major factors when it comes to America's trash; but furniture is high on that list, as well. According to the EPA, furniture makes up twelve million tons of waste in landfills every year. It's a problem that one online furniture store is trying to solve. Alpay Koralturk, Founder & CEO of Kaiyo, joins Cheddar News' Closing Bell to discuss.
Bitcoin & Other Major Cryptocurrencies Are Rallying
Bitcoin surged to its highest level on Monday since January 2nd. The gains also come after a late Sunday rally for the cryptocurrency, when it surpassed the key price of $45,000, and also turned positive for 2022. Matt Hougan, CIO of Bitwise Asset Fund, joins Cheddar News' Closing Bell to discuss what is behind the recent rallies for Bitcoin and other cryptocurrencies.
Takisha Clark on Being First Black Woman to Own a Postal Franchise
Founder and CEO of Capital Postal & Mail Box Service, Takisha Clark, joined Cheddar News to talk about being the first black woman to own a postal franchise, the obstacles she faced when launching her business, and how she overcame them. “I ran into just dealing with lack of resources, dealing with just being a black woman, just trying to become this entrepreneur and be inspiring to others, so it's been a journey," she said. "It's been hard, and I've just been maneuvering through the cracks."
Brooke Shields Joins Prospect Farms as Chief Brand Officer
Actress, model, author, and entrepreneur Brooke Shields has joined organic CBD company Prospect Farms as its chief brand officer. She joined CEO Brad Tipper to talk to Cheddar News about her coming aboard. Shield’s explained how her involvement with Prospect Farms stemmed from a discussion about her lack of sleep. “I started learning about the positive effects and the different ways that CBD can be introduced to a person's life, and I was just sort of fascinated because it all feels so new to me," she said.
'Everything Everywhere All At Once' Directors on Telling an Asian American Sci-Fi Story
The co-writers and directors of the movie "Everything Everywhere All at Once" Daniel Kwan and Daniel Scheinert joined Cheddar News to discuss their new sci-fi action-comedy starring Michelle Yeoh now in select theaters. The filmmakers talked about bringing the multiverse-traversing plot to life, as well as getting the chance to tell an Asian American story following in the footsteps of successful films like "Crazy Rich Asians." "We like to make films that we want to see on the screen, and even if that means they don't exist or even that means that the world might not be ready for them," said Kwan. "That's what we're chasing. Luckily for us, the movie took so long to make that by the time it was finished or by the time now that it's done, so much has changed."
Importance of Service Dogs
Paul Mundell, Executive Director of the American Service Dog Access Coalition, joins Cheddar Reveals to discuss why emotional support, therapy, and service dogs are important.
How Much Plastic Is Really In Our Bodies?
Plastic has become the face of global pollution. To date, humans have produced 8.3 billion metric tons of it. Once discarded, plastic doesn’t biodegrade. Instead, it fragments into microplastics smaller than the size of a sesame seed and further into nanoplastics. These tiny particles of plastic end up everywhere, deep in the ice of Antarctic glaciers or even inside our bodies. So how much plastic is inside of us? And what does it mean for our health? Let’s find out.
Need2Know: Deadly Snow Squall in PA, Walmart Pulls Cigarettes, and More
Catching you up on what you Need to Know on Mar 29, 2022, with updates on the snow squall in Pennsylvania that caused a pileup killing three, the teacher's strike in Sacramento heading into week two, Walmart no longer selling tobacco products in select stores, and what meme stocks are up to this week.
Load More