These are the headlines you Need2Know: * **More Violence in Chicago:** Police reported Monday that at least 63 were shot in the city over the weekend, 10 fatally. Officials said most of the violence was gang-related. For more on this story, [click here](http://abc7chicago.com/10-killed-53-wounded-in-chicago-weekend-shootings/3892234/). * **Michael Jordan Sides With LeBron James Over Trump:** Michael Jordan defended fellow basketball superstar LeBron James after President Trump seemed to question James's intelligence in a tweet posted Friday night. The president added, "I like Mike," in reference to Jordan. James had criticized Trump for using sports to divide Americans. The First Lady Melania Trump had praised James for his charity work and offered to visit his I Promise School in Akron, Ohio. For more, check out [CNN](https://www.cnn.com/2018/08/06/politics/lebron-james-melania-trump-white-house/index.html). * **CBS Under More Scrutiny:** The executive producer of "60 Minutes," Jeff Fager, has extended his vacation pending results of an independent investigation of sexual harassment allegations at the news network. CBS said that Fager would not return to work on Monday as scheduled. For more, [click here](https://www.nbcnews.com/business/business-news/cbs-60-minutes-chief-delays-return-harassment-investigation-continues-n897806). * **Donald Trump, Jr. Didn't Break the Law, Says Dad:** President Trump said on Twitter that his son, Donald Trump, Jr., met with a Russian lawyer to gather dirt on Hillary Clinton during the 2016 presidential campaign. In his [tweet](https://twitter.com/realDonaldTrump/status/1026084333315153924), the president said he was unaware of the meeting at the time, and his son didn't violate any laws. For more, check out [NPR](https://www.npr.org/2018/08/06/635860399/trump-admits-his-son-met-with-russian-lawyer-to-get-dirt-on-clinton). Cheddar's Jill Wagner gets into the latest. Subscribe to the Need2Know newsletter [here](https://theneed2know.com).

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How Bond Traders Reacted to Latest Inflation Data and Prep for Nvidia Earnings
Ed Egilinsky, managing director and head of sales and distribution & alternatives with Direxion, joined Cheddar News to discuss how bond traders are reacting to the latest consumer price index data and how they're positioning portfolios ahead of next week's release of Nvidia's earnings. Egilinsky also discussed some of the other bigger-cap companies, including Alphabet, Amazon and Apple.
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