Tag Archives: surges

Dow Jones Rallies 300 Points On Jobless Claims; Tesla Stock Surges On Reiterated Buy Rating

The Dow Jones Industrial Average rallied 300 points Thursday after initial unemployment claims data from the Labor Department exceeded estimates. And Tesla stock surged as Morgan Stanley reiterated an overweight rating with a reduced price target.




X



Weekly unemployment figures showed first-time claims rose to 225,000 vs. 216,000 in the previous week, higher than Econoday estimates for a rise to 222,000. Claims have been up and down in recent weeks, but generally trending lower since a mid-November high of 241,000.

On the earnings front, chicken egg distribution giant Cal-Maine Foods (CALM) reported Wednesday after the close. Shares declined more than 4% in morning trade. CALM stock ended Wednesday below a 62.74 buy point after two days of losses.

Electric-vehicle leader Tesla (TSLA) raced almost 7% higher Thursday as Morgan Stanley affirmed its overweight rating on the stock, despite a price target cut. Dow Jones tech leaders Apple (AAPL) and Microsoft (MSFT) traded higher after today’s stock market open.

Cardinal Health (CAH), Medpace (MEDP), IBD Leaderboard stock Neurocrine Biosciences (NBIX) and Texas Roadhouse (TXRH) — as well as Dow Jones names Amgen (AMGN), Caterpillar (CAT) and Chevron (CVX) — are among the top stocks to consider for investor watchlists. Keep in mind the recent market weakness should keep investors on the sidelines.

Neurocrine is an IBD Leaderboard stock. Caterpillar and Medpace were recent IBD Stock Of The Day companies. And Cardinal Health is featured in this week’s Stocks Near A Buy Zone column.


IBD’s latest newsletter MarketDiem gives you actionable ideas for stocks, options and crypto right in your inbox


Dow Jones Today: Oil Prices, Treasury Yields

After Thursday’s opening bell, the Dow Jones Industrial Average moved up 0.9%, and the S&P 500 gained 1.4%. The tech-heavy Nasdaq composite rallied 1.8% in morning action.

Among U.S. exchange-traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) rose 1.1% and the SPDR S&P 500 ETF (SPY) moved up 0.8% early Thursday.

The 10-year Treasury yield ticked lower to 3.86% Thursday morning, with the yield moving further above its 50-day line after three days of gains.

Meanwhile, U.S. oil prices traded almost 2% lower Thursday, as West Texas Intermediate futures back away from resistance just above $79 a barrel, following a two-week advance. The Energy Information Administration will provide weekly information on oil inventories at 11 a.m. ET.

Stock Market Correction

On Wednesday, the Dow Jones Industrial Average sold off 1.1%, while the S&P 500 dropped 1.2%. The tech-heavy Nasdaq composite was hardest hit, declining 1.35%.

Wednesday’s The Big Picture column commented, “Perhaps more importantly, amid generally quiet trading expected for the remainder of the year, price matters more lately. And the size of the price declines continued to stay weighty. Moreover, the loss of most gains by key equity indexes since an Oct. 21 follow-through day means that it’s still very hard to make money going long.”


Five Dow Jones Stocks To Watch Now


Dow Jones Stocks To Watch: Amgen, Caterpillar, Chevron

Drugmaker Amgen continues to trace a flat base amid a three-week losing streak. And shares are further below their 50-day line after more losses Wednesday. For now, the correct buy point is 296.77, but the stock needs to decisively retake its 50-day first. AMGN stock is up more than 16% for the year through Wednesday. Shares traded 0.5% higher Thursday.

Dow Jones member Caterpillar finished below a 239.95 buy point in a flat base Wednesday, according to IBD MarketSmith pattern recognition. If the stock retakes the entry, the buy zone goes up to 251.95. Bullishly, the stock’s relative strength line, a key technical indicator, is at new highs. CAT stock has a year-to-date gain of almost 16%. Shares moved up 0.5% Thursday.

CAT stock shows a strong 98 out of a perfect 99 IBD Composite Rating, per the IBD Stock Checkup. The Composite Rating is designed to help investors easily find top growth stocks.

Energy giant Chevron is testing its 50-day line amid Wednesday’s 1.5% drop, as the stock continues to trace the right side of a flat base that has a 189.78 buy point. CVX stock is the Dow’s year-to-date leader, up more than 50%. Shares were slightly lower Thursday morning, amid the weakness in oil prices.


4 Top Growth Stocks To Watch In The Current Stock Market Rally


Top Stocks To Watch: Cardinal Health, Medpace, Texas Roadhouse

Cardinal Health, a recent IBD Stock Of The Day, is holding close to a 81.67 buy point in a flat base. Shares declined 0.7% Wednesday. CAH stock was up 0.3% Thursday.

Medpace bounced sharply from its 50-day line last week, with a gain of 3.3%. But the stock gave up a big part of those gains during Tuesday’s 2% fall and is once again trying to find support. For now, the correct buy point looms at 235.82, but an earlier entry at 220.09 is also in play. MEDP stock was up 1.5% Thursday.

Texas Roadhouse shows a new buy point at 101.85 in a flat base, but is now consolidating below its 50-day line. The restaurant leader will look to recover that key benchmark over the coming sessions, but two straight days of sharp losses isn’t constructive. TXRH stock traded up 0.1% Thursday morning.

IBD Leaderboard stock Neurocrine slipped 0.2% Wednesday, again testing support around its 50-day level. A recent bounce off that 50-day line was bullish for the stock’s prospects, but now shares are back at that key area. NBIX stock was up 0.3% Thursday.

Stocks To Watch

These are six top stocks to watch in today’s stock market, including three Dow Jones leaders.

Company Name Symbol Correct Buy Point Type Of Base
Cardinal Health (CAH) 81.67 Flat base
Medpace (MEDP) 235.82 Consolidation
Texas Roadhouse (TXRH) 101.85 Flat base
Caterpillar (CAT) 239.95 Flat base
Chevron (CVX) 189.78 Flat base
Amgen (AMGN) 296.77 Flat base
Source: IBD Data As Of Dec. 28, 2022

Join IBD experts as they analyze leading stocks in the current stock market rally on IBD Live


Tesla Stock

Tesla stock snapped a seven-day losing streak Wednesday, reversing higher and rallying 3.3% after hitting a 52-week low at 108.76. Shares closed about 72% off their 52-week high.

Shares looked to continue their rebound Thursday morning, racing nearly 7% higher.

Late Wednesday, Morgan Stanley analyst Adam Jonas lowered the firm’s price target from 330 to 250, while keeping an overweight rating on TSLA stock. He believes 2023 is “shaping up to be a ‘reset’ year for the EV market,” and Tesla is in position to extend its lead over the competition.

Dow Jones Leaders: Apple, Microsoft

Among Dow Jones stocks, Apple shares sold off 3.1% Wednesday, dropping to 125.87, their lowest level since June 2021. The stock is around 32% off its 52-week high and down 29% since the start of the year. Shares rallied 1.7% Thursday morning, as the Wall Street Journal reported that iPhone production in China was ramping up after Covid-19 issues.

Microsoft stock dropped 1% Wednesday, falling further below the 50-day line. The software giant is about 32% off its 52-week high with a year-to-date loss of more than 30%. MSFT stock moved up 0.8% early Thursday.

Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more on growth stocks and the Dow Jones Industrial Average.

YOU MAY ALSO LIKE:

Top Growth Stocks To Buy And Watch

Learn How To Time The Market With IBD’s ETF Market Strategy

Find The Best Long-Term Investments With IBD Long-Term Leaders

MarketSmith: Research, Charts, Data And Coaching All In One Place

How To Research Growth Stocks: Why This IBD Tool Simplifies The Search For Top Stocks



Read original article here

Hong Kong will re-open China border as COVID surges

SHANGHAI, Dec 24 (Reuters) – China, grappling with a new wave of COVID-19 infections, took another step towards loosening its pandemic-related restrictions on Saturday when Hong Kong’s leader announced it would aim to re-open its borders with the mainland by mid-January.

Speaking at a news conference upon returning from Beijing, Hong Kong Chief executive John Lee said authorities would aim to “gradually, orderly, and fully” re-open all entry points between the two sides, and coordinate with the government of nearby Shenzhen to manage the flow of people.

At present, individuals hoping to enter the mainland through Hong Kong can only do so through the city’s airport or two checkpoints – Shenzhen Bay or the Hong Kong-Zhuhai-Macau bridge.

Entrants into the mainland must also undergo a period of hotel quarantine before they can move about freely.

Hong Kong and Beijing shut their borders in early 2020 as COVID first surfaced and they have remained closed since then, as China has capped inbound travellers as part of its strict “zero-COVID” policy.

Beijing loosened China’s domestic zero-COVID restrictions earlier this month, dropping mandatory testing requirements and travel restrictions.

While many have welcomed the easing, families and the health system were unprepared for the resulting surge of infections. Hospitals are scrambling for beds and blood, pharmacies for drugs and authorities are racing to build clinics.

COVID CHRISTMAS

In advance of Christmas, Shanghai authorities urged residents to stay at home this weekend to curb the virus’s spread. The holiday is not traditionally celebrated in China, but it is common for young couples and some families to spend the holiday together.

Despite those warnings, an annual Christmas market held at the Bund, a commercial area, was packed with attendees.

“My friends are basically all positive, and all have basically recovered,” said Liu Yang, 23, an IT worker attending the market.

“We wanted to take advantage of Christmas, and it’s the weekend, we wanted to walk around and enjoy the air, so we came here.”

Still, the spread of Omicron is dampening festivities for other retailers and eateries.

Many Shanghai restaurants have cancelled Christmas parties normally held for regulars, while hotels have capped reservations due to staff shortages, said Jacqueline Mocatta, who works in the hospitality industry.

“There’s only a certain amount of customers we can accept given our manpower, with a majority of team members who are unwell at the moment,” she said.

SCEPTICISM ABOUT OFFICIAL DATA

Infections in China are likely more than a million a day with deaths at more than 5,000 a day, British-based health data firm Airfinity said this week, describing the estimates as a “stark contrast” to official data.

China’s national health authority on Saturday reported 4,128 daily symptomatic COVID-19 infections, and no deaths for a fourth consecutive day.

Bloomberg News reported on Friday that nearly 37 million people may have been infected with COVID on a single day this past week, citing estimates from the government’s top health authority. Authorities did not comment on the report.

The emergency hotline in Taiyuan in the northern province of Shanxi was receiving over 4,000 calls a day, a local media outlet said on Saturday.

Taiyuan authorities urged residents to call the number only for medical emergencies, saying guidance about COVID “does not fall within the scope of the hotline.”

A health official in Qingdao said the port city was seeing roughly 500,000 daily infections, media reported on Friday. In the southern city of Dongguan, a major manufacturing hub, daily infections are reaching 250,000-300,000, local authorities told domestic media.

The surge has strained the medical sector, in particular blood repositories, as a lack of donors has caused reserves to dwindle.

On Saturday, China’s National Health Commission said in a statement that individuals who suffered mild or ordinary COVID-19 symptoms can safely donate blood a few days after their symptoms subside.

In Wuhan, the central city where COVID emerged three years ago, media reported on Friday that the local blood repository had just 4,000 units, enough to last two days. The repository called on people to “roll up their sleeves and donate blood.”

Reporting by Josh Horwitz and Jing Bian in Shanghai; additional reporting by Xihao Jiang in Shanghai; Editing by William Mallard and Philippa Fletcher

Our Standards: The Thomson Reuters Trust Principles.

Read original article here

Why people in China are panic buying canned yellow peaches as Covid surges


Hong Kong
CNN
 — 

An unprecedented wave of Covid cases in China has sparked panic buying of fever medicines, pain killers, and even home remedies such as canned peaches, leading to shortages online and in stores.

Authorities said Wednesday they had detected 2,249 symptomatic Covid-19 cases nationally through nucleic acid testing, 20% of which were detected in the capital Beijing. CNN reporting from the city indicates the case count in the Chinese capital could be much higher than recorded.

Demand for fever and cold medicines, such as Tylenol and Advil, is surging nationally as people rush to stockpile drugs amid fears they may contract the virus.

Canned yellow peaches, considered a particularly nutritious delicacy in many parts of China, have been snapped up by people looking for ways to fight Covid. The product is currently sold out on many online shops.

Its sudden surge in popularity prompted Dalian Leasun Food, one of the country’s largest canned food manufacturers, to clarify in a Weibo post that canned yellow peaches don’t have any medicinal effect.

“Canned yellow peaches ≠ medicines!” the company said in the post published Friday. “There is enough supply, so there is no need to panic. There is no rush to buy.”

The People’s Daily, the mouthpiece of the Communist Party, also tried to set the record straight. It published a long Weibo post on Sunday urging the public not to stockpile the peaches, calling them “useless in alleviating symptoms of illness.”

Authorities also pleaded with the public not to stockpile medical supplies. On Monday, the Beijing city government warned residents that it was facing “great pressure” to meet demand for drug and medical services because of panic buying and an influx of patients at clinics.

It urged the public not to hoard drugs or call emergency services if they have no symptoms.

The rising demand and shortage of supply of Covid remedies have fueled bets on drugmakers.

Shares of Hong Kong-listed Xinhua Pharmaceutical, China’s largest manufacturer of ibuprofen, have gained 60% in the past five days. The stock has so far jumped by 147% in the first two weeks of this month.

“Our company’s production lines are operating at full capacity, and we are working overtime to produce urgently needed medicines, such as ibuprofen tablets,” Xinhua Pharmaceutical said Monday.

Ibuprofen is an anti-inflammatory drug used to treat pain and fever. It is also known as Advil, Brufen, or Fenbid.

The drug shortage has spread from mainland China to Hong Kong, a special administrative region which has a separate system of local government. On Sunday, the city’s health chief urged the public to refrain from panic buying cold medicines they do not need and urged residents “not to overact.”

In some Hong Kong drugstores, fever drugs such as Panadol, the local brand name for Tylenol, have sold out. Most of the buyers were sending the medicines to their families and friends in the mainland, sales representatives told CNN.

Shares of Shenzhen-listed Guizhou Bailing Group Pharmaceuticals, known for making cough syrup, have gained 21% this week and risen 51% so far this month. Yiling Pharmaceutical, the sole producer of Lianhua Qingwen, a traditional Chinese medicine recommended by the government for treating Covid, has also jumped more than 30% in the past month.

Even providers of funeral services and burial plots have gotten a huge boost. Shares in Hong Kong-traded Fu Shou Yuan International, China’s largest burial service company, have soared more than 50% since last month.

There is “strong pent-up demand for burial plots” in 2023, analysts from Citi Group said in a recent research report, adding that they’ve noticed increasing investor interest in the sector.

They cited the existence of hundreds of thousands of cremated remains, which are being temporarily stored in government facilities awaiting burial. Lockdowns across much of the country have halted funeral services, they said.

Read original article here

Dow Jones Surges 500 Points Ahead Of Inflation Data; Fed Meeting; Tesla Stock Nears 2022 Low

Dow Jones futures were higher ahead of Tuesday’s open after the Dow Jones Industrial Average rallied 528 points Monday. Tesla stock skidded more than 6% Monday, finishing just off its 2022 lows.




X



Inflation Data, Fed Meeting

Consumer inflation data is due out Tuesday morning. The CPI is expected to rise 0.3% for the month of November and 7.3% year over year, per Econoday estimates. In addition, the next Federal Reserve policy meeting takes place on Tuesday and Wednesday.

While the Fed has already forecast a 50-basis-point hike, investors will be looking for further guidance on the Fed’s plans. A pivot from aggressive tightening looks unlikely, but some respite from punishing rate hikes would be welcome. According to the CME’s FedWatch tool, traders place a 74% chance of a 50-basis-point rate hike.

The 10-year Treasury yield ticked higher to 3.61% Monday.

Late Monday, Oracle (ORCL) jumped 3% after the company’s earnings and sales numbers topped analyst estimates. More earnings reports this week include Darden Restaurants (DRI) and Lennar (LEN).

Stock Market Today

On Monday, the Dow Jones Industrial Average rose 1.6%, or 528 points, and the S&P 500 climbed 1.4%. The tech-heavy Nasdaq composite followed up with a 1.3% rise. Among exchange traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) moved up 1.3% and the SPDR S&P 500 (SPY) rose 1.4%.

Electric-vehicle giant Tesla (TSLA) traded down 6.3% Monday. Among Dow Jones stocks, Apple (AAPL) rallied 1.6% and Microsoft (MSFT) gained 2.9% in today’s stock market.

Allegro MicroSystems (ALGM), IBD Leaderboard stock Dexcom (DXCM), KLA (KLAC) and Trane Technologies (TT) — as well as Dow Jones names Caterpillar (CAT), Home Depot (HD) and UnitedHealth Group (UNH) — are among the top stocks to buy and watch.

Dexcom and Trane are IBD Leaderboard stocks. UnitedHealth was featured in this week’s Stocks Near A Buy Zone column. Allegro was a recent IBD 50 Stocks To Watch pick. Caterpillar and Dexcom were recent IBD Stock Of The Day companies.


4 Top Growth Stocks To Buy And Watch In The Current Stock Market Rally


Dow Jones Futures Today: Oil Prices

Ahead of Tuesday’s opening bell, Dow Jones futures rose 0.6% vs. fair value, while S&P 500 futures moved up 0.5%. The tech-heavy Nasdaq 100 futures gained 0.5% vs. fair value. Remember that overnight action in Dow Jones futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.

U.S. oil prices rallied more than 3% Monday, rebounding from their year lows. West Texas Intermediate futures traded just above $73a barrel.


IBD’s latest newsletter, MarketDiem, gives you actionable ideas for stocks, options and crypto right in your inbox.


What To Do In The Stock Market Rally

Now is an important time to read IBD’s The Big Picture column with the stock market trend back in a “confirmed uptrend.”

Even though the Nasdaq and S&P 500 indexes remain in uptrends, defense is still better than offense at this point due to the ongoing market volatility. That means it’s OK to look for stocks to buy, but keep positions small to start, while keeping your overall exposure light.

When it comes to new buys, what kind of feedback are you getting from the market? Are your latest buys making solid progress? In that case, it’s OK to give them some room. But don’t be afraid to take partial profits if a gain hits at least 10%. If new buys go the wrong way, or are met with immediate selling, cut losses when the stock is down 3% to 4%, instead of waiting for the 7% -8% rule to trigger.

(Check out IBD Stock Lists like the IBD 50 and Stocks Near A Buy Zone, for additional stock ideas.)


Five Dow Jones Stocks To Buy And Watch Now


Dow Jones Stocks To Buy And Watch: Caterpillar, Home Depot, UnitedHealth

Dow Jones member Caterpillar is moving closer to a cup base’s 238 buy point, according to IBD MarketSmith pattern recognition, in the wake of Monday’s 2.5% gain. CAT stock shows a solid 95 out of a perfect 99 IBD Composite Rating, per the IBD Stock Checkup.

Home improvement retailer Home Depot ended Monday less than 1% below a cup-with-handle base’s 329.77 buy point following the session’s 2.3% advance.

Health care giant UnitedHealth Group is tracing a flat base with a 558.20 buy point. Shares are just 2% away from the latest entry Monday.

Top Stocks To Buy And Watch: Allegro, Dexcom, KLA, Trane

Allegro MicroSystems ended Monday in buy range past a cup with handle’s 32.07 buy point following the day’s slight rise. ALGM stock traded up 0.1% Monday. And the 5% chase zone goes up to 33.67.

IBD Leaderboard stock Dexcom tried to break out past a 123.46 buy point in a flat base, but is about 5% below the entry after recent losses. Dexcom stock was up 0.3% Monday.

Chip leader KLA is moving further above a cup with handle’s 392.60 entry after Monday’s 1.9% advance. Bullishly, the relative strength line continues to make new highs in the ongoing market volatility.

Trane Technologies ended Monday about 4% below a 181.72 buy point in a cup with handle after the session’s slight fall.


Join IBD experts as they analyze leading stocks in the current stock market rally on IBD Live


Tesla Stock

Tesla stock skidded 6.3% Monday, giving up the entirety of Friday’s gains and heading back toward its recent lows.

In recent weeks, TSLA stock hit its lowest level since Nov. 23, 2020, reaching a new 52-week low price at 166.19. Shares closed Monday at 167.82, about 58% off their 52-week high.

Dow Jones Leaders: Apple, Microsoft

Among Dow Jones stocks, Apple shares rallied 1.6% Monday but are still below their 50-day line after last week’s losses. The stock is more than 20% off its 52-week high.

Microsoft jumped 2.9% Monday, as shares continue to hold above the 50-day line. The software giant remains about 27% off its 52-week high.

Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more on growth stocks and the Dow Jones Industrial Average.

YOU MAY ALSO LIKE:

Top Growth Stocks To Buy And Watch

Learn How To Time The Market With IBD’s ETF Market Strategy

Find The Best Long-Term Investments With IBD Long-Term Leaders

MarketSmith: Research, Charts, Data And Coaching All In One Place

How To Research Growth Stocks: Why This IBD Tool Simplifies The Search For Top Stocks



Read original article here

CDC urges masking return as tripledemic surges

Story at a glance


  • The CDC is asking the public to wear face masks indoors.


  • A number of major cities are now mulling a return to masking measures.

(NewsNation) — Concerns are growing nationwide for rapidly increasing cases of what health officials have deemed a tripledemic: the flu, RSV and COVID-19, and the Centers for Disease Control and Prevention is once again urging the public to wear face masks indoors.

According to the agency’s Dec. 8 report, 13.7 percent of Americans now live in communities now rated “high” COVID-19 Community Levels, up from 4.9 percent of the population last week. An additional 38.1 percent of Americans are in “medium” areas and 48.2 percent are in “low” areas. 

A number of major cities are now mulling a return to masking measures.

In California, more than 10 counties, including Los Angeles, Maricopa, Nassau and San Bernardino, are now in the “high” tier.

Los Angeles County health officials are again strongly recommending that everyone wears masks indoors.

Over the past week, Los Angeles hospitals saw an average of 1,245 COVID-positive patients every day — that’s a nearly 20 percent jump over the previous seven days.

“When you put on your mask for these few weeks during this surge, it is about the people of LA County. it is about every individual, every visitor, our health care workers, essential workers and other people who serve. in addition to vaccination, it is one of the easiest things everyone can do right now,” Barbara Ferrer, Los Angeles County director of public health, wrote in a press release.

In New York, a health advisory notice was sent out alerting hospitals, local health departments, emergency rooms and labs to prepare for rapidly rising cases of respiratory illness.

The Bronx, Brooklyn, Queens and Staten Island are in orange, meaning high-risk levels, while Manhattan is in yellow, the medium-risk level, according to the latest CDC data.

On Dec. 9, state officials urged schools to return to indoor masking to curb the spread of respiratory illnesses.

As the Christmas and New Year’s holidays approach, when families are expected to gather across the country, health officials fear that could put a significant strain on our health care system if people don’t take the proper precautions.

“Our immune system has not been revved up. The vaccine rates are lower. We are a prime sitting target for other respiratory illnesses as we relax our guard down and begin to have contact with other people,” said Bruce Hirsch, an attending physician in infectious diseases at Northwell Health.

Medical centers across America are reporting higher rates of hospitalizations, and nursing homes are pushing boosters for residents.

As for RSV, the ones at greatest risk are children 6 months and younger who haven’t built up strong immune systems yet. An RSV vaccine is reported to become available by this time next year.

Read original article here

Exclusive: Twitter exec says moving fast on moderation, as harmful content surges

Dec 2 (Reuters) – Elon Musk’s Twitter is leaning heavily on automation to moderate content, doing away with certain manual reviews and favoring restrictions on distribution rather than removing certain speech outright, its new head of trust and safety told Reuters.

Twitter is also more aggressively restricting abuse-prone hashtags and search results in areas including child exploitation, regardless of potential impacts on “benign uses” of those terms, said Twitter Vice President of Trust and Safety Product Ella Irwin.

“The biggest thing that’s changed is the team is fully empowered to move fast and be as aggressive as possible,” Irwin said on Thursday, in the first interview a Twitter executive has given since Musk’s acquisition of the social media company in late October.

Her comments come as researchers are reporting a surge in hate speech on the social media service, after Musk announced an amnesty for accounts suspended under the company’s previous leadership that had not broken the law or engaged in “egregious spam.”

The company has faced pointed questions about its ability and willingness to moderate harmful and illegal content since Musk slashed half of Twitter’s staff and issued an ultimatum to work long hours that resulted in the loss of hundreds more employees.

And advertisers, Twitter’s main revenue source, have fled the platform over concerns about brand safety.

On Friday, Musk vowed “significant reinforcement of content moderation and protection of freedom of speech” in a meeting with France President Emmanuel Macron.

Irwin said Musk encouraged the team to worry less about how their actions would affect user growth or revenue, saying safety was the company’s top priority. “He emphasizes that every single day, multiple times a day,” she said.

The approach to safety Irwin described at least in part reflects an acceleration of changes that were already being planned since last year around Twitter’s handling of hateful conduct and other policy violations, according to former employees familiar with that work.

One approach, captured in the industry mantra “freedom of speech, not freedom of reach,” entails leaving up certain tweets that violate the company’s policies but barring them from appearing in places like the home timeline and search.

Twitter has long deployed such “visibility filtering” tools around misinformation and had already incorporated them into its official hateful conduct policy before the Musk acquisition. The approach allows for more freewheeling speech while cutting down on the potential harms associated with viral abusive content.

The number of tweets containing hateful content on Twitter rose sharply in the week before Musk tweeted on Nov. 23 that impressions, or views, of hateful speech were declining, according to the Center for Countering Digital Hate – in one example of researchers pointing to the prevalence of such content, while Musk touts a reduction in visibility.

Tweets containing words that were anti-Black that week were triple the number seen in the month before Musk took over, while tweets containing a gay slur were up 31%, the researchers said.

‘MORE RISKS, MOVE FAST’

Irwin, who joined the company in June and previously held safety roles at other companies including Amazon.com and Google, pushed back on suggestions that Twitter did not have the resources or willingness to protect the platform.

She said layoffs did not significantly impact full-time employees or contractors working on what the company referred to as its “Health” divisions, including in “critical areas” like child safety and content moderation.

Two sources familiar with the cuts said that more than 50% of the Health engineering unit was laid off. Irwin did not immediately respond to a request for comment on the assertion, but previously denied that the Health team was severely impacted by layoffs.

She added that the number of people working on child safety had not changed since the acquisition, and that the product manager for the team was still there. Irwin said Twitter backfilled some positions for people who left the company, though she declined to provide specific figures for the extent of the turnover.

She said Musk was focused on using automation more, arguing that the company had in the past erred on the side of using time- and labor-intensive human reviews of harmful content.

“He’s encouraged the team to take more risks, move fast, get the platform safe,” she said.

On child safety, for instance, Irwin said Twitter had shifted toward automatically taking down tweets reported by trusted figures with a track record of accurately flagging harmful posts.

Carolina Christofoletti, a threat intelligence researcher at TRM Labs who specializes in child sexual abuse material, said she has noticed Twitter recently taking down some content as fast as 30 seconds after she reports it, without acknowledging receipt of her report or confirmation of its decision.

In the interview on Thursday, Irwin said Twitter took down about 44,000 accounts involved in child safety violations, in collaboration with cybersecurity group Ghost Data.

Twitter is also restricting hashtags and search results frequently associated with abuse, like those aimed at looking up “teen” pornography. Past concerns about the impact of such restrictions on permitted uses of the terms were gone, she said.

The use of “trusted reporters” was “something we’ve discussed in the past at Twitter, but there was some hesitancy and frankly just some delay,” said Irwin.

“I think we now have the ability to actually move forward with things like that,” she said.

Reporting by Katie Paul and Sheila Dang; editing by Kenneth Li and Anna Driver

Our Standards: The Thomson Reuters Trust Principles.

Read original article here

Boeing Stock Surges On Report of 787 Dreamliner Order By United

Boeing  (BA) – Get Free Report shares lurched higher Friday following a report that suggested United Airlines  (UAL) – Get Free Report is close to making a deal for dozens of the planemaker’s trouble 787 Dreamliner.

The Wall Street Journal reported that United could confirm the purchase as early as this month, noting the multi-billion dollar deal would mark a major win for Boeing over its European rival Airbus just as it resumes deliveries of the flagship aircraft following a host of regulatory and production issues.

The Federal Aviation Administration gave Boeing the go-ahead in August to resume 787 Deliveries after halting them in May of 2021 over concerns linked to safety inspections. 

Boeing booked orders for 10 of its 787-9 Dreamliner variant aircraft in October, the planemaker said last month, with overall bookings for all of its aircraft pegged at 122. October deliveries fell to 35 aircraft from the 51 reported in September. 

Boeing shares were marked 3.3% higher immediately following news of the potential deal and changing hands at $181.65 each, a move that would extend the stock’s six month gain to around 29.3%.

Boeing posted an adjusted loss of $6.18 per share over the three months ending in October, a wider-than-expected tally that included a $2.8-billion charged linked to its Pentagon defense contracts. 

Free cash flow, however, came in firmly ahead of Street forecasts at $2.9 billion, with the group holding to its full year forecast of positive free cash flow powered by stronger commercial deliveries.



Read original article here

S&P 500 Surges Above Key Level On Fed Chief Powell, But Inflation, Jobs Report Loom

Dow Jones futures were little changed overnight, along with S&P 500 futures and Nasdaq futures. Salesforce.com headlined earnings overnight but investor focus will be on Thursday’s PCE inflation report after Fed chief Jerome Powell triggered a tech-led stock market rally on Wednesday.




X



The pace of rate hikes could start to slow at the December meeting, Fed chief Powell said Wednesday, providing more-explicit support for a smaller increase at the upcoming meeting. But Powell stuck to his view that the fed funds rate will likely reach 5% or more. The current fed funds rate range is 3.75%-4%. Powell also noted that a lot of factors propping up inflation are easing. The Fed chief, who has suggested that a recession may be necessary, said a “soft landing” is still possible.

The Nasdaq led the way, with Apple (AAPL), Microsoft (MSFT), Nvidia (NVDA), Tesla (TSLA) and Google parent Alphabet (GOOGL) all outpacing the composite. Notably, the S&P 500 index shot up to clear the 200-day moving average, a key resistance area.

On Thursday, investors will get the October PCE price index, with the November jobs report due Friday morning.

So while Wednesday’s action was encouraging, investors should await the market reaction to the Fed-critical data.

Key Earnings

Salesforce.com (CRM), Snowflake (SNOW) and Box (BOX) led a number of software earnings reports. Pure Storage (PSTG) and Victoria’s Secret (VSCO) also reported.

CRM stock fell solidly in overnight trade as Salesforce earnings topped but guidance was light. Co-CEO Bret Taylor will step down, leaving Marc Benioff as sole CEO. SNOW stock initially plunged in extended action on weak Snowflake revenue guidance, but pared losses considerably. Box stock was little changed as EPS just topped and sales slightly missed.

PSTG stock rose modestly overnight after Pure Storage topped Q3 views and raised guidance. Shares had closed down about 1% after plunging intraday on weak results and guidance from NetApp (NTAP). VSCO stock fell slightly as Victoria’s Secret earnings topped but sales fell just short.

Early Thursday, Dollar General (DG) and Kroger (KR) are on tap. Chinese EV makers Nio (NIO), Li Auto (LI) and Xpeng (XPEV) report November sales, with those stocks and other Chinese names surging Wednesday on Covid reopening hopes.

Inflation Report

The Commerce Department will release the PCE price index, the Fed’s favorite inflation gauge, at 8:30 a.m. ET as part of the income and spending report.

The October PCE price index should show a 0.4% increase vs. September. Year over year, PCE inflation should cool to 6% from September’s 6.2%. Core PCE, which excludes food and energy, is expected to be up 0.3%. The core PCE inflation rate is seen dipping to 5% from September’s 5.1%.

The PCE inflation report, along with the November jobs report Friday, will help shape Fed rate hike expectations. The November consumer price index will be released on Dec. 13, one day before the Fed’s December meeting announcement.

Earlier Wednesday, ADP reported a sharp slowdown in private-sector hiring in November. Also, the JOLTs survey showed job openings fell more than expected in October. Q3 GDP growth was revised up more than expected, along with the report’s inflation gauge.

Dow Jones Futures Today

Dow Jones futures were flat vs. fair value, with CRM stock a drag on blue chips. S&P 500 futures climbed 0.1% and Nasdaq 100 futures rose 0.1%.

Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.


Join IBD experts as they analyze actionable stocks in the stock market rally on IBD Live


Stock Market Rally

The stock market rally was mixed for much of Wednesday’s session, then took off on Fed chief Powell’s comments, closing at session highs.

The Dow Jones Industrial Average popped 2.2% in Wednesday’s stock market trading. The S&P 500 index leapt 3.1%. The Nasdaq composite jumped 4.4%. The small-cap Russell 2000 rose 2.7%.

Apple stock climbed 4.9% and Google stock gained 6.1%, both back above their 50-day. Microsoft stock and Nvidia, already above their 50-day lines, leapt 6.2% and 8.2%, respectively. Tesla stock raced 7.7% higher, retaking its 21-day line.

U.S. crude oil prices popped 3% to $80.55 a barrel, but fell 6.9% for the month. China Covid reopening hopes also lifted copper futures.

Treasury Yields And Fed Rate Hike Odds

The 10-year Treasury yield reversed lower, falling 5 basis points to 3.7%. The two-year Treasury yield, more closely tied to Fed policy, sank to 4.33%, despite Powell expecting a peak fed funds rate of at least 5%.

The odds of a 50-basis-point Fed rate hike are now around 79% vs. 66% after Tuesday. Markets still see another half-point move as a slight favorite in February, but the odds of a quarter-point move have topped 45%.


Tesla Vs. BYD: Which EV Giant Is The Better Buy?


ETFs

Among the best ETFs, the Innovator IBD 50 ETF (FFTY) rose 1.8%, while the Innovator IBD Breakout Opportunities ETF (BOUT) climbed 2%. The iShares Expanded Tech-Software Sector ETF (IGV) popped 4.4%, with Microsoft and CRM stock both major components. The VanEck Vectors Semiconductor ETF (SMH) leapt 5.7%, with Nvidia stock a top holding.

SPDR S&P Metals & Mining ETF (XME) advanced 3.75% and the Global X U.S. Infrastructure Development ETF (PAVE) rose 2.4%. The Energy Select SPDR ETF (XLE) edged up 0.5% and the Financial Select SPDR ETF (XLF) rose 1.7%. The Health Care Select Sector SPDR Fund (XLV) added 2.4%.

Reflecting more-speculative story stocks, ARK Innovation ETF (ARKK) soared 7.7% and ARK Genomics ETF (ARKG) 6.5%. Tesla stock remains a major holding across Ark Invest’s ETFs.


Five Best Chinese Stocks To Watch Now


Market Rally Analysis

The stock market rally made a big, bullish move in heavy volume Wednesday on Fed chief Powell’s comments.

The S&P 500 index rebounded from near its 21-day line to top the 4,000 level and move above its 200-day line for the first time in seven months.

The Nasdaq composite, the laggard in the market rally, led the upside Wednesday. It reclaimed its 21-day line and the 11,000 level to settle at a two-month closing high. Apple stock, Microsoft, Google, Nvidia and Tesla had strong gains Wednesday, but it’s not clear that any of them will be leaders in the current uptrend.

The Russell 2000, which had undercut its 21-day line intraday, rebounded to retake its 200-day. The Dow Jones, which has led the current market rally, is back to a fresh seven-month high.

Advancers trounced losers with broad-based gains. Many leading stocks that had come under pressure shored up on Wednesday.

While there was a lot of positive action Wednesday, the S&P 500 remains below its 200-day moving average. The October PCE inflation report on Thursday and the November jobs report on Friday could reinforce Wednesday’s bullish bounce or trigger a bearish retreat.

Keep in mind that the current market rally has had numerous big one-day gains, but then has struggled to make headway over the next few days or weeks.


Time The Market With IBD’s ETF Market Strategy


What To Do Now

The stock market rally had a strong session, with the major indexes and leading stocks making encouraging moves.

Investors likely were tempted to increase exposure on Wednesday, and doing so may work out.

But good reasons remain not to increase exposure quite yet. The S&P 500 is above its 200-day line, but not decisively so. Doing so would likely mean topping a long, declining-tops trendline on a weekly chart. Getting decisively above this area could be a strong signal the current uptrend is more than a bear market rally.

But that will require a positive reaction to the upcoming PCE inflation data and jobs report.

Investors should be working furiously on their watchlists, looking at promising stocks from a variety of sectors. But definitely stay engaged. The market rally could be at a turning point, but which way will it turn.

Read The Big Picture every day to stay in sync with the market direction and leading stocks and sectors.

Please follow Ed Carson on Twitter at @IBD_ECarson for stock market updates and more.

YOU MAY ALSO LIKE:

Why This IBD Tool Simplifies The Search For Top Stocks

Catch The Next Big Winning Stock With MarketSmith

Want To Get Quick Profits And Avoid Big Losses? Try SwingTrader

Best Growth Stocks To Buy And Watch

IBD Digital: Unlock IBD’s Premium Stock Lists, Tools And Analysis Today



Read original article here

Dow Jones Rallies Ahead Of Fed Minutes; Tesla Stock Surges On Upgrade

The Dow Jones Industrial Average rose Wednesday ahead of the minutes from the Federal Reserve’s latest policy meeting. Tesla stock raced higher after Citigroup upgraded the EV giant.




X



Before the Fed’s Minutes release at 2 p.m. ET, consumer sentiment, durable goods orders, first-time jobless claims, purchasing managers index readings and new home sales are all due out in the morning. The stock market will be closed Thursday for the Thanksgiving holiday, followed by a shortened trading session on Friday.

Initial jobless claims, out at 8:30 a.m. ET, jumped to 240,000 vs. 222,000 in the previous week. Meanwhile, durable goods climbed 1% in October, higher than the 0.4% Econoday estimate. The services PMI measured 46.1, below the 48.0 estimate, and the manufacturing PMI came in at 47.6, below the 50.0 estimate. Lastly, new home sales rose to 632,000 vs. 603,000 in the month of September. New home sales beat estimates.

Autodesk (ADSK), HP (HPQ) and Nordstrom (JWN) reported earnings late Tuesday, while Deere (DE) earnings came out Wednesday morning.

Autodesk shares plunged 9%, while HPQ stock declined 3.5% in early morning trade. Nordstrom shares tumbled 9.5%. And Deere stock jumped 3% in morning trade.

Electric-vehicle giant Tesla (TSLA) traded up 5% Wednesday morning. Dow Jones tech leaders Apple (AAPL) and Microsoft (MSFT) were higher after today’s stock market open.

IBD Leaderboard stock Arista Networks (ANET), KLA (KLAC), Shoals Technologies (SHLS) and Ulta Beauty (ULTA) — as well as Dow Jones name Caterpillar (CAT) — are among the top stocks to buy and watch.

Arista Networks is an IBD Leaderboard stock and was a recent IBD Stock Of The Day. Ulta Beauty was featured in this week’s Stocks Near A Buy Zone column. Shoals was Thursday’s IBD 50 Stocks To Watch pick.


IBD’s latest newsletter MarketDiem gives you actionable ideas for stocks, options and crypto right in your inbox.


Dow Jones Today: Oil Prices, Treasury Yields

After Wednesday’s opening bell, the Dow Jones Industrial Average rose 0.3%, while the S&P 500 moved up 0.4%. The tech-heavy Nasdaq composite traded up 0.7% in morning action.

China-related stocks showed early strength, after news reports said the State Council had announced pending stimulus measures, including a cut to the reserve requirement ratio for China’s banks.

Among exchange-traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) rose 0.7% early Wednesday, and the SPDR S&P 500 ETF (SPY) gained 0.5%.

The 10-year Treasury yield ticked lower to 3.7% Wednesday morning.

Oil stocks were under some pressure as oil prices backtracked after a rebound on Tuesday. West Texas Intermediate futures dropped more 3%, to below $79 a barrel even after industry data showed U.S. crude stockpiles fell more sharply than expected last week. Official weekly oil inventory data is due out from the EIA at 10:30 a.m. ET.

Natural gas stocks received a boost as gas prices continued bolting higher. U.S. natural gas futures leapt nearly 7% after Russia warned after Russia accused Ukraine of stealing gas form a pipeline, and threatened to curtail deliveries on Russia’s last remaining supply line to Europe.

Stock Market Rally

On Tuesday, the stock market posted solid gains. The S&P 500 and Nasdaq composite each rallied 1.4%. The Dow Jones Industrial Average climbed 1.2%.

Tuesday’s The Big Picture commented, “While it’s fine putting money to work in the current stock market, keep your exposure on the conservative side with small positions to start. Just because the stock market is in a confirmed uptrend doesn’t mean you have to be 100% invested. And don’t be afraid to take a 10% gain if you have it, given the choppy nature of the market.”

Now is an important time to read IBD’s The Big Picture column amid the ongoing stock market volatility.


Five Dow Jones Stocks To Buy And Watch Now


Dow Jones Stocks To Buy And Watch: Caterpillar

Dow Jones member Caterpillar is close to retaking its cup base’s 238 buy point, according to IBD MarketSmith pattern recognition, and is less than 1% below the entry. CAT gained 0.1% Wednesday, trading higher along with Deere. Shares are still below their buy point.

CAT stock boasts an impressive 95 out of a perfect 99 IBD Composite Rating, per the IBD Stock Checkup.


4 Top Growth Stocks To Watch In The Current Stock Market Rally


Top Stocks To Buy And Watch: Arista, KLA, Shoals, Ulta

IBD Leaderboard stock Arista Networks moved further above a choppy base’s 132.97 buy point after Tuesday’s 1.1% gain. ANET stock rose 0.1% Wednesday.

KLA is closing in on a cup-with-handle’s 392.60 buy point amid Tuesday’s 2.7% climb. Bullishly, the stock’s relative strength line hit a new high last week, a sign of big outperformance vs. the S&P 500. KLAC stock was down 0.5% Wednesday.

Shoals Technologies is still out of buy range past a 28.57 buy point after a third straight decline Tuesday. The 5% buy zone tops out at 30. Wait for an orderly pullback into the buy range before considering a purchase of shares. SHLS stock was up 1% early Wednesday.

Ulta Beauty moved out of buy range Tuesday, rising nearly 2%. The 5% buy zone past a 426.99 buy point in a cup with handle runs up to 448.34. Ulta reports third-quarter results on Dec. 1. The stock traded down 0.3% Wednesday.


Join IBD experts as they analyze leading stocks in the current stock market rally on IBD Live


Tesla Stock

Tesla stock climbed 1.2% Tuesday, snapping a four-day losing streak that saw the stock hit its lowest level since Nov. 23, 2020. The stock reached a new 52-week low price Monday at 167.54. Tesla shares are around 57% off their 52-week high and sharply below their 50- and 200-day moving average lines.

Shares of the EV giant traded up 5% Wednesday morning after Citigroup upgraded the stock from sell to neutral, raising the price target from 141.33 to 176.

Dow Jones Leaders: Apple, Microsoft

Among Dow Jones stocks, Apple shares rebounded 1.5% Tuesday and are still holding above their recently recaptured 50-day line. The stock is about 20% off its 52-week high. The stock traded up 0.8% Wednesday, as Foxconn workers clashed with police officers. Foxconn is the biggest iPhone assembly plant in China.

Microsoft rose 1.2% Tuesday, adding to Monday’s gains. Shares continue to hold above the 50-day line. The software giant remains more than 30% off its 52-week high. Microsoft shares rose 0.6% Wednesday morning.

Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more on growth stocks and the Dow Jones Industrial Average.

YOU MAY ALSO LIKE:

Top Growth Stocks To Buy And Watch

Learn How To Time The Market With IBD’s ETF Market Strategy

Find The Best Long-Term Investments With IBD Long-Term Leaders

MarketSmith: Research, Charts, Data And Coaching All In One Place

How To Research Growth Stocks: Why This IBD Tool Simplifies The Search For Top Stocks



Read original article here

As RSV surges in Minnesota, journalist Jana Shortal shares her son’s story

MELISSA TOWNSEND: Jana Shortal is a journalist and a host of the show Breaking the News on KARE 11. But she had to call in sick this week because her son Zeke came down with RSV. That stands for respiratory syncytial virus. The number of kids in Minnesota with RSV tripled during the month of October.

Most of the time, it causes mild, cold-like symptoms, but the CDC says two out of every 100 cases can become severe. It’s tough on these very young children. It’s putting a strain on families and on the health care system. Jana Shortal joins me now to talk about her experience. Welcome to Minnesota Now.

JANA SHORTAL: Thank you so much. It’s great to be here.

MELISSA TOWNSEND: Yeah. It’s good to have you here. Thanks. So I said RSV stands for respiratory syncytial virus. But in your Twitter post yesterday, you said the RS stands for, “really sucks.”

JANA SHORTAL: I’m not the wordsmith of a family. My wife is. But that’s what I felt yesterday in the waiting room at Children’s. We were at the end of like three days of really debating, should we tax our health care system? And yesterday morning, I just hit this wall– part of it being just sadness for my kid.

And I don’t have any other children, so just nervousness of, “Am I not checking a box here? Am I not making sure he’s OK?” And then trying again to protect our health care workers because I know they’re overwhelmed with so many families that need help right now.

When I was sitting in that waiting room and he was wheezing and trying to fall asleep on my chest and all these kids were in there coughing– RS, really sucks.

MELISSA TOWNSEND: I bet every parent out there right now is like, uh huh. What were the symptoms you saw in your son that made you concerned?

JANA SHORTAL: I think that the way you described it is really accurate. My child goes to daycare so his parents can work, so we just figured it was the daycare sniffle cold. And that was almost a week ago. And then Friday night, we noticed this kind of wet cough, and I would say that’s the thing that changed it.

And then Saturday, Sunday when he started not eating very much, if at all– he would eat formula, but not food, and he’s a very healthy eater. His eyes got red and watery, and then that wet coughing. He couldn’t sleep. So at that point, you know it’s crossed the threshold into cold, into something else.

And again, because of the work I do, I was like, this is absolutely adding up to RSV. But the thing about RSV is you can go to the doctor, you can go to the hospital. And unless your kid is one of those two that has to be admitted, there’s nothing that can be done. They just have to go through it, which then enters into the, “How do we take care of ourselves as a family? How do we as middle-aged parents parenting for the first time– how do we figure out how to stay well?”

As you can tell, my voice is a little off. It’s hard because you have that secondary effect of then you get sick. I think it just goes around. I’ve heard from families who have been dealing with this for weeks and weeks, especially if they have more than one child.

MELISSA TOWNSEND: Yeah. How old is Zeke, if you don’t mind me asking?

JANA SHORTAL: 10 and 1/2 months, so right in the age range of RSV.

MELISSA TOWNSEND: Tiny. He’s tiny. Had you heard it was going around? You said you heard it probably through work.

JANA SHORTAL: Oh, yeah. We’ve done so many RSV stories. And honestly, all of us for the last couple of years have just been conditioned to fear and react and understand when COVID is a threat, and then RSV jumps into center stage here this fall really early. And it just felt like a wave crashing.

It happened so fast here in Minnesota. I mean, as I said, my son is in daycare, and it’s so contagious. And it’s kind of like a disease came from behind you that you weren’t expecting until the winter because you were still being so mindful about COVID.

MELISSA TOWNSEND: So tell me about the emergency room. You waited. What did the doctors say to you when you come in? How do how do they check him out?

JANA SHORTAL: Yeah. So I didn’t go to the emergency room. Children’s Minneapolis has one of the few– at least that I knew of– walk-in clinic where you could get a same-day for sure appointment. And it was so early in the morning I couldn’t call a pediatrician. And we’re still figuring all that out as first time parents.

So a dear, dear friend of mine, Dr. Angela [INAUDIBLE] said, go to this place at Children’s. And so I did, and I was probably the first or second person there. And just in the time I was waiting– because they take appointments first– I’m going to guess at least 200 people came through.

Like parents, kids, either with appointments, or trying to get through– at least twice the waiting room was completely full while he and I were still waiting. It took about an hour and 45 minutes to get seen. The care was tremendous. I mean, think about it.

I don’t know how many doctors or nurses were back there, but that many people are in their waiting room. They just can’t keep up. But the care was tremendous, and they were so, so kind. They immediately tested him for RSV, COVID, and flu. And within an hour, they had a positive test for RSV.

MELISSA TOWNSEND: Oh, wow. So now, what is the treatment? What do you do?

JANA SHORTAL: I mean, hope. Go on Twitter and ask people for advice. Basically like any trick– you really find yourself open to anything at this point because he’s so little. He can’t take Benadryl or NyQuil. I mean, you just can’t do that to a baby.

So we’ve done everything from going the bathroom, shut the door, turn on the water really hot, and try and ease out his chest cough. Stick them over a humidifier and try to get the snot to drip out. Rock him. Love him. Take him on really long walks to get fresh air, and you just try to get through it.

As you mentioned, I wasn’t able to go to KARE 11 yesterday just because my wife has, in my opinion, hit a wall. Because she’s up with him more at night than I am, because we try to preserve a few hours for me so I can be healthy enough to go report. But that just– all bets were off for the last five days.

MELISSA TOWNSEND: What did the doctors say about how long this might last?

JANA SHORTAL: I mean, I don’t even want to say it out loud.

MELISSA TOWNSEND: Really?

JANA SHORTAL: Yeah. I mean, they said some kids– I mean, if you’re like a miracle baby, five days, but he’s at day six now. And he’s better than he was two days ago. The weekend was the worst, and yesterday it was pretty bad. But it can go up to two weeks in terms of them being contagious and/or seeing that after effect.

MELISSA TOWNSEND: So what will you and your wife do about work?

JANA SHORTAL: Luckily, she is on sabbatical right now from her work as a professor. And I really don’t like missing work because I think I have never been able to escape the part of culture that tells a parent they can do it all. And I worry even missing one day that I’ll be replaced.

The mommy tax that all of us have gone through that if we aren’t there, somebody else is going to be able to take our position that doesn’t have a child that they need to care for. That may be unrealistic, but it’s a very big anxiety I have. And historically, it’s been true.

MELISSA TOWNSEND: Yeah. You’re not making that up.

JANA SHORTAL: No, it’s not made up.

MELISSA TOWNSEND: So do you have advice for other parents right now going through this also? There’s plenty of parents in these shoes.

JANA SHORTAL: One of the things– because they can’t prescribe any medicine or predict how it will go, but one of the last things the medical team at Children’s said to me before Zeke and I left the exam room was, find any iota of grace you have inside yourself for how hard this could be and emotionally prepare yourself for this to last longer than you think it should.

That does not mean it will happen, but that was advice I’d never gotten from a doctor is that I should emotionally prepare myself for something. I mean, I guess in our lived experience, I’m the first to say that this has been much harder on my wife than me because she’s at home as more primary to him than I am at this point in his life. And so he just needs to be held.

But I think just pay attention to your kid. Just because my kid didn’t get admitted doesn’t mean yours doesn’t need to be. Urgent care and walk in clinics– albeit crowded– are there for a reason.

I’m grateful that I went, even though I may not have had to. I just needed that for myself as a first time parent. Practical advice– for myself, I went to the walk in clinic at Children’s.

Go first thing in the morning the minute they open. Don’t wait, because oftentimes, that happens at urgent cares, too. If you have the opportunity to, go first in the morning because they sometimes are closing late morning because they have so many people. They have enough people in their waiting room by 9:30 to be done for the day.

Don’t worry about– like I was told for my kid, just make sure they’re drinking. If they’re not eating, that’s OK. Sometimes, we don’t like to eat either when we’re sick. It’ll get better. It just takes a while.

MELISSA TOWNSEND: Well, we are wishing you and Zeke and your wife all the best and good health and a speedy recovery.

JANA SHORTAL: Thanks.

MELISSA TOWNSEND: And thank you for coming on today. Appreciate it.

JANA SHORTAL: Thank you. Zeke is a big MPR fan. He wakes with Cathy in the morning. He’s got Minnesota Now at noon. I mean, he’s dialed in.

MELISSA TOWNSEND: She’ll be back next week. Let him know. She’ll be back.

JANA SHORTAL: OK, sounds good.

MELISSA TOWNSEND: Jana Shortal is a journalist at KARE 11.

Read original article here