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Health

Florida, Alabama not reporting every day Covid case and dying information

Florida and Alabama will no longer report daily Covid cases and deaths as vaccinations rise and states begin moving into the “next phase” of the pandemic.

Florida rolled out a weekly Covid data reporting plan on Friday, the state emergency management department said on its website.

“Florida is moving into the next phase of the COVID-19 response,” the Florida Department of Health wrote in a statement emailed Monday. “As vaccinations go up and the positivity rate of new cases declines, the Florida Department of Health has put in place a weekly reporting schedule.”

Alabama introduced a new schedule on Monday in which the state updates case and death dates three times a week and vaccination dates twice a week.

“In addition to decreasing COVID-19 cases, hospitalizations and deaths, the Alabama Department of Public Health (ADPH) will update its dashboard less frequently,” wrote Dr. Karen Landers, an Alabama health officer, in a news release on Friday.

The changes signal a shift in attitudes towards the pandemic, as the U.S. averaged around 16,000 new infections per day over the past week, a low number that has not been seen since the early days of the outbreak.

Florida reported an average of eight new cases per 100,000 residents last week and Alabama reported about 8.5 cases, well below their pandemic highs of 84 and 87 per 100,000, respectively, according to Johns Hopkins University.

Still, public health experts warn that relaxing data reporting guidelines could be risky as the nature of the outbreak has changed rapidly in various places over the past year.

“I think we have to learn from this pandemic that you can’t just imagine that there will be no change,” said Dr. Wafaa El-Sadr, professor of epidemiology and medicine at Columbia University, noted that infection rates were high in her hometown of New York were low last summer before skyrocketing again in winter.

“If you start to see a trend, even after a week, you can fly a red flag and be vigilant,” she added. “I think it’s a little premature to let our vigilance down.”

Of course, the last great wave of Covid infections in the US started over the winter before vaccines were available. In Alabama, however, only 36% of residents have had at least one injection, one of the lowest rates in the country, data from the Centers for Disease Control and Prevention shows. At 50%, the numbers in Florida are closer to the statewide rate of 52% of the population who are at least partially vaccinated, but still lagging behind.

Dr. Joseph Kanter, the chief medical officer in Louisiana, said his state started reporting Covid data five days a week about a month ago but has no plans to make any changes beyond that.

“I think the daily updates, at least Monday through Friday, are still relevant and helpful in informing the public,” he said.

“We’re still a long way from the woods,” added Kanter, despite encouraging trends in cases, hospitalizations and death rates. “We’re really fine, but the general feeling is that the health department is still out of the woods and I’m aware that I’m sending the wrong idea.”

Reporting on Covid data can be resource-intensive, and many state governments have struggled to build or upgrade technology systems that could handle the unprecedented demands last spring. The data is also “maintenance-intensive,” according to Kanter, who stated that his department, for example, needs to deduplicate multiple positive tests for a person in a recorded case in order to keep accurate records.

“It’s a long time, a big manpower investment, but we are still in a public health emergency,” he said.

Many states have ditched daily reporting over the course of the pandemic, with nearly 20 reporting dates five days a week, according to a list maintained by Johns Hopkins. However, Florida is the only state that currently reports both case and death data once a week, and according to Johns Hopkins, only Kansas and Alabama report three days a week.

The Alabama Department of Health was unable to be reached for comment.

Categories
Business

Massive week of earnings with Snowflake and Toll Brothers reporting

CNBC’s Jim Cramer is eager to begin focusing back on the stock market, but the cryptocurrency craze is still capturing Wall Street’s attention.

He expects that bitcoin and other speculative coins will continue to be top of mind, and the big declines being witnessed in crypto markets will drag on stocks. This could create buying opportunities for investors in stocks as another packed week of earnings rolls through.

“All in all, this is a historically slow week, but there are enough new companies reporting that it’s now jam-packed,” Cramer, discussing his game plan for next week, said on “Mad Money” Friday.

The week ahead will close out trading for the month. With the exception of the Dow Jones Industrial Average, the major U.S. indexes are down month to date. The tech-heavy Nasdaq Composite is down 3.5% in May, while the S&P 500 has lost 0.6% over that time period. The Dow is up about 1% in May.

Cramer gave viewers a preview of the upcoming corporate earnings reports he has circled on his calendar.

“Maybe, just maybe, that can overshadow bitcoin, as long as Elon Musk can keep his mouth shut about crypto,” he said.

Projections for revenue and earnings per share are based on FactSet estimates:

Monday: Lordstown Motors earnings

Lordstown Motors

  • Q1 2021 earnings release: after market; conference call: 4:30 p.m.
  • Projected losses per share: 28 cents
  • Projected revenue: $0

“Right now, this market despises all the pre-revenue SPAC plays because they burned people so badly over the last few months,” Cramer said. “Lordstown’s stock’s down roughly 70% from its highs. I don’t know how they can get their mojo back, but, you know, maybe they’ll surprise me.”

Tuesday: Autozone, Intuit, Toll Brothers earnings

Autozone

  • Fiscal Q3 2021 earnings release: before market; conference call: 10 a.m.
  • Projected EPS: $20.13
  • Projected revenue: $3.27 billion

“This is a very reliable company, so you can get in the zone both before and after earnings,” Cramer said.

Intuit

  • Fiscal Q3 2021 earnings release: after market; conference call: 4:30 p.m.
  • Projected EPS: $6.51
  • Projected revenue: $4.42 billion

“Intuit’s stock hit an all-time high today,” he said. “I don’t think that’s going to deter buyers.”

Toll Brothers

  • Fiscal Q2 2021 earnings release: after market; conference call: Wednesday, 8:30 a.m.
  • Projected EPS: 80 cents
  • Projected revenue: $1.78 billion

“If Toll tells a story of strong orders and … expanding gross margins, I think the stock can get its groove back,” the host said. “But everything has to be perfect, including assurances from management that lumber and appliance costs are indeed under control.”

Wednesday: Dick’s Sporting Goods, American Eagle Outfitters, Williams-Sonoma, Nvidia, Snowflake, Okta, Workday earnings

Dick’s Sporting Goods

  • Q1 2021 earnings release: before market; conference call: Wednesday, 8:30 a.m.
  • Projected EPS: $1.16
  • Projected revenue: $2.2 billion

“I bet they deliver astounding numbers because all sorts of sporting goods are in short supply as Americans venture outdoors en masse,” Cramer said.

American Eagle Outfitters

  • Q1 2021 earnings release: 4:15 p.m.; conference call: 4:30 p.m.
  • Projected EPS: 46 cents
  • Projected revenue: $1.02 billion

“I think we could see similar strength from American Eagle, as it’s currently the hottest apparel chain on earth,” he said.

Williams-Sonoma

  • Q1 2021 earnings release: after market; conference call: 5 p.m.
  • Projected EPS: $1.72
  • Projected revenue: $1.5 billion

“I expect great numbers, but it’s been tagged as a stay-at-home stock of late, which is the kiss of death in this post-pandemic market,” the host said.

Nvidia

  • Fiscal Q1 2022 earnings release: after market; conference call: 5 p.m.
  • Projected EPS: $3.28
  • Projected revenue: $5.39 billion

“I think the chipmaker has a lot going for it, but I still want to hear how confident they feel about getting regulatory permission for the Arm Holdings acquisition,” he said.

Snowflake

  • Fiscal Q1 2022 earnings release: after market; conference call: 5 p.m.
  • Projected losses per share: 16 cents
  • Projected revenue: $360 million

Okta

  • Fiscal Q1 2022 earnings release: after market; conference call: 5 p.m.
  • Projected losses per share: 12 cents
  • Projected revenue: $309 million

“They’re two of the fastest-growing companies on earth,” Cramer said. “I expect great numbers from both, but you should only buy them if you think this market will change its attitude toward high-flying growth names that don’t trade on earnings — they trade on sales.”

Workday

  • Fiscal Q1 2022 earnings release: after market; conference call: 4:30 p.m.
  • Projected EPS: 73 cents
  • Projected revenue: $1.16 billion

“Workday should deliver still one more stunning quarter as they use cloud-software to automate back-office jobs in human resources and finance,” he said.

Thursday: Best Buy, Dollar General, Dollar Tree, Medtronic, Gap, Ulta Beauty, Costco, Salesforce, Dell earnings

Best Buy

  • Fiscal Q1 earnings release: 7 a.m.; conference call: 8 a.m.
  • Projected EPS: $1.36
  • Projected revenue: $10.32 billion

Dollar General

  • Fiscal Q1 earnings release: TBD; conference call: 10 a.m.
  • Projected EPS: $2.13
  • Projected revenue: $8.16 billion

Dollar Tree

  • Q1 2021 earnings release: TBD; conference call: 5 p.m.
  • Projected EPS: $1.40
  • Projected revenue: $6.4 billion

“I like all three and think they’re good stimulus plays, but their stocks have become awfully controversial and I don’t really care for controversy,” Cramer said. “There are easier ways to make money.”

Medtronic

  • Fiscal Q4 2021 earnings release: 6:45 a.m.; conference call: 8 a.m.
  • Projected EPS: $1.42
  • Projected revenue: $8.14 billion

“I bet they report a stellar number because its medical devices are being installed in record numbers post-pandemic,” he said. “There’s a lot of pent-up demand from people who delayed surgery until they could get vaccinated.”

Gap

  • Q1 earnings release: 4:15 p.m.; conference call: 5 p.m.
  • Projected losses per share: 6 cents
  • Projected revenue: $3.41 billion

“Gap is very much back, something you can tell if you visit their stores: crisp, clean and reasonable prices,” the host said.

Ulta Beauty

  • Q1 2021 earnings release: after market; conference call: 4:30 p.m.
  • Projected EPS: $1.95
  • Projected revenue: $1.65 billion

“Ulta’s a big winner once everyone can take their masks off,” he said.

Costco

  • Fiscal Q3 2021 earnings release: 4:15 p.m.; conference call: 5 p.m.
  • Projected EPS: $2.31
  • Projected revenue: $43.64 billion

“Costco has a tendency to run up into the quarter and then sell off immediately even if the numbers are great. Doesn’t matter what they print,” Cramer said. “I love Costco the store, I love Costco the stock … but you don’t want to buy it until after you see the results — let this one come to you.”

Salesforce

  • Fiscal Q1 2022 earnings release: after market; conference call: 5 p.m.
  • Projected EPS: 88 cents
  • Projected revenue: $5.89 billion

“Salesforce reported a barnburner last time and nobody seemed to care, maybe because they still need to close the Slack acquisition,” he said.

Dell

  • Q1 2022 earnings release: 5:30 p.m.; conference call: 5:30 p.m.
  • Projected EPS: $1.71
  • Projected revenue: $23.80 billion

“You can buy it ahead of time because [CEO] Michael Dell’s going to tell a fantastic story,” the host said. “I bet they’ll have a terrific quarter.”

Friday: Big Lots, Hibbett Sports earnings

Big Lots

  • Fiscal Q1 2021 earnings release: TBD; conference call: 8 a.m.
  • Projected EPS: $1.69
  • Projected revenue: $1.54 billion

Hibbett Sports

  • Q1 2022 earnings release: after market; conference call: 5 p.m.
  • Projected EPS: $2.56
  • Projected revenue: $404 million

“I’m betting both will be terrific,” Cramer said.

Disclosure: Cramer’s charitable trust owns shares of Salesforce, Nvidia and Costco.

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Categories
Business

Credit score Suisse replaces executives after reporting large loss from Archegos.

Credit Suisse announced Tuesday that it would replace its investment bank head and head of risk and compliance after losses from its stake in Archegos Capital Management, the collapsed hedge fund, totaled nearly $ 5 billion.

The Zurich-based bank is in turmoil after a series of disasters that have damaged its reputation and are likely to diminish its global clout. Credit Suisse also warns of the risks that can lurk in the financial system as bankers and investors seek returns when interest rates are at rock bottom and stock values ​​are already frothy.

Credit Suisse detailed the financial impact of its dealings with Archegos for the first time on Tuesday, stating that it would post a loss of CHF 900 million for the first quarter after a charge of CHF 4.4 billion or CHF 4.7 billion US dollars in connection with the hedge was posted fund. The losses were higher than some estimates.

Brian Chin, CEO of Credit Suisse investment bank, will leave the company on April 30th. Lara Warner, chief risk and compliance officer, will resign immediately, the bank said.

Credit Suisse senior executives will be waiving their 2020 and 2021 bonuses, the bank said. Credit Suisse will also be canceling plans to buy back its own shares in order to boost the share price. However, the bank, eager to dispel any questions about its general health, said its capital is still at what is considered acceptable.

Credit Suisse shares fell by more than 2 percent in Zurich trading early Tuesday. They have lost a quarter of their value since the beginning of March.

Thomas Gottstein, CEO of Credit Suisse since last year, said the bank would hire outside experts to investigate what led to the “unacceptable” loss of Archegos and the bank’s stake in Greensill Capital, which collapsed last month be.

Credit Suisse’s asset management unit oversaw $ 10 billion in funds that Greensill packaged on the basis of funding from companies, many of which had poor credit ratings.

“Serious lessons are learned,” said Gottstein.

Categories
Business

The Obstacles to Reporting on Black Illustration in Vogue

Fashion leaders are committed to tackling racism in their businesses. To see if anything is improving, the New York Times reporters felt they needed concrete data on the current state of representation of blacks in the industry.

Reporters asked well-known brands, stores, and publications to provide information about the number of black employees and executives in their ranks – including those who design, manufacture, and sell products; Walk runways; appear in advertising campaigns and magazine covers; and sit on company boards. However, of the 64 companies contacted, only four fully answered a short series of questions.

In a recent article, a team of reporters published the companies’ responses, as well as personal comments from black stylists, editors, and publicists. Below is an edited conversation with these journalists: Vanessa Friedman, Salamishah Tillet, Elizabeth Paton, Jessica Testa, and Evan Nicole Brown.

What was the biggest challenge in telling this story?

VANESSA FRIEDMAN The absolute lack of consistency. You are dealing with global organizations speaking to a wide variety of markets and opening up a whole range of different types of cultures. They are headquartered in different countries with different demographics, different histories, different issues with racism and different laws. We had a series of very simple questions, less than 10, that felt like the most basic and obvious things that anyone could answer. But only four out of 64 companies answered completely.

When did you realize that the inability to answer the questions was history?

FRIEDMAN You write what you find, and we felt it was important to get that across, if you have this mess in basic information until you can get a clearer picture of it, you really can’t know when it’s progressing .

Why couldn’t the companies answer these questions?

ELIZABETH PATON Each company had their own reservations and problems and reasons. I think to some extent it had to do with culture. For example, the perception of the Italian brands we tried was different from that of the Americans. I mean, legal reasons were part of it, but American companies in particular provided more information than European companies. I actually think America is in a slightly different place right now in their talk about race.

JESSICA TESTA It was almost surprising how reluctant some of the magazines were to participate because their numbers were the ones that would actually reflect them well. I feel like we’re getting opposition from all sides, but one thing we heard was, “I’ll be interested in going next time.”

How was the response to the story?

PATON Most brands understand the work we are doing, even if they found the questions very uncomfortable. Some brands were disappointed that their efforts were no longer recognized, even if they hadn’t given us full answers. I haven’t heard a brand tell us we made a mistake trying to carry out this project. They realize that they need this test to change.

They also interviewed people about their experience in the industry. What did you take away from it?

EVAN NICOLE BROWN It was important to me to find the crossbreeds, but also the differences that the black pros felt in this area. Sometimes in the past people have been asked to speak up about things and there has been a fear that might work against them or their concern would be misunderstood, but I think this project did a really good job of making people feel comfortable , to speak . I think this platform was appreciated and there didn’t seem to be any fear just to share these really honest experiences which definitely helped the piece and helped confirm the dates or lack thereof.

Which questions are you really interested in?

SALAMISHAH TILLET How do you further diversify the leadership at the top for me? And then what are the structures and what assumptions are made in those rooms that prevent this leadership from becoming ever more diverse? Because we want to continue to change all aspects of the industry and all levers in the industry, but if the top remains monolithic, then it is really those who determine how the other aspects of the industry change alongside it.

BROWN I was really interested in the tension where classicism is popping up in this conversation in terms of representation. Even if representation in the fashion industry on the racing front improves, much remains to be done on the socio-economic front. Through this coverage, I became more aware of the communities being reached and what the ideal consumer is for so many of these places that we are discussing.

What should the readers take away?

FRIEDMAN I think we’ve learned a lot about where the sticking points are and the importance of getting a clear picture of what’s going on. You can’t go forward until you know where you are. And it’s just time for all of us to know where we are in this industry.