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The Nasdaq closed in correction on Wednesday, with tech stocks sinking following disappointing results from Texas Instruments and AT&T.The index finished down about 4%. The Dow was down slopped about 600 points Wednesday afternoon.Microsoft (MSFT) will report its results after the closing bell Wednesday and analysts are estimating that the company will report an increase of nearly 15% for both sales and earnings per share, thanks largely to strength in its cloud business.Netflix already kicked off tech earnings season last week when it reported a healthy jump in subscribers. But the party was short-lived for it and fellow FANG stocks Facebook, Amazon and Google.Netflix (NFLX) rose more than 5% the day after its earnings report but has fallen 9% since then."You can't just say tech is going to do great or even that FANG is going to do great. You have to be more selective," said Daniel Morgan, senior portfolio manager with Synovus Trust Company. 974
The pandemic has more people wanting to learn more about their medical history. Several services can already track relatives and piece together a family tree. But now, you can do the same for your health.In her radio show and podcast "Passport Mommy," Michelle Jerson talks about all things motherhood."We cover everything that parents are going through," Jerson said.Jerson said she chose that name because she says motherhood is a journey. These days though, Jerson is on her own personal journey — wanting to know everything she can about her family health."As a new mom, I want to pass that information on to my children," Jerson said. "I want them to be educated. I want them to have as much knowledge as they can have so they can make informed decisions. So, when they go to the doctor's office, and they ask those first few questions about family history, they're not saying, 'I'm not sure.'"But she says it's even more complicated than that."My mom was adopted, and she never found out who her biological father was and just recently found out who her biological mother is," Jerson said. "She did get some limited information health-wise, but for me, it's very important for us to find out as much as we can about our family history and our health."Jerson heard about a new test from Ancestry — one of the leading genealogy services — that provides a DNA analysis of a user's health. Jerson sent off the saliva sample test and is awaiting results.Dr. Sarah South, the Vice President of Ancestry Health, says scientists look at DNA to see if a person is more at risk for common inherited conditions — things like cancer, heart disease, high cholesterol or blood disorders."This isn't just information about something that might happen. This is information about what might happen but also how to prevent it," South said.There's still a lot to learn about this kind of science, but South says finding out health information can be both empowering and reassuring — especially now.South says that during the pandemic, they've been getting a lot more interest."Certainly, this pandemic has just heightened people's awareness of taking preventive action," South said. "So, it's absolutely top of mind for a lot of individuals who now recognize that taking care of preventative and taking care of their health, being in that driver seat. This is the right time for it, and the technology is clear."South says that regardless of what a person may or not learn from the test that it's still important to get regular health screenings. After receiving results, people should discuss what they discover with their doctors and make sure they follow up with preventative care — and remember that not every disease is linked to genetics.South also says that moms are usually the health care managers within families, as they tend to have the most interest. With that in mind, Jerson says she's taking the time to learn more about her own lineage."It's really empowering to know that we have a way to do this and that, yes, there are still states that have the adoption records locked and sealed so you can't even get access to them," Jerson said. "So, any way that you can do (research) on your own, I think is great."Whatever her test results yield, it's just the beginning of a larger mystery that could hopefully open a lot of doors. 3338
The NFL Draft begins on Thursday, and this year's NFL Draft could contain one of the deepest pool of quarterbacks in Draft history. According to most NFL Draft experts, five college quarterbacks will likely be selected in the first round on Thursday. The group includes USC's Sam Darnold, Oklahoma's Baker Mayfield, Wyoming's Josh Allen, UCLA's Josh Rosen and Louisville's Lamar Jackson. The first team to pick on Thursday is Cleveland, who likely will select one of the five quarterbacks. Darnold and Mayfield are the leading candidates to be selected first overall, but Allen's stock has risen, and if he isn't selected by the Browns, he will likely still be a Top 10 draft choice. Here is what to look for this weekend:The basicsThe NFL Draft is being held in Dallas' AT&T Stadium. The first round will be Thursday, beginning at 8 p.m. Each teach will have 10 minutes to make a selection during the first round. Friday will have round Nos. 2 and 3, and Saturday will have round Nos. 3-7. Teams will have seven minutes per selection on Friday, and five minutes per selection in rounds 3-6, and four minutes per pick in the final round. Who will attend?All teams will send a small delegation to the draft site, which sometimes will include GMs, coaches, former players and team owners. Those delegations are in direct contact with team personnel at the team's home office, where scouts and coaches can freely deliberate options. Also, a small number of players are invited. This year, 22 players were officially invited to the draft. Those players will get to go on stage when their name is called, and be presented with a jersey, and meet with the media for interviews. Who should my team pick?In the first-round, unless it is a future franchise quarterback, a player who will have an immediate and noticeable impact. In the next few rounds, these players should hopefully compete for starting jobs as rookies. In the later rounds, teams pick players to round out rosters, and potentially compete for starting job. 2018 NFL Draft orderRound 1: 2102
The impact of the pandemic appears to have reached the North Pole. For this holiday season, Santa may be stuck behind Plexiglas. Malls across the country are planning pandemic-minded visits to help prevent the spread of the coronavirus.Mall Santa Steve Miller has been putting on the red suit full-time for four years.“I prefer to do the mall, because I do it for the kids,” sad Miller.But this year, there won’t be any hugs or sitting on Santa’s knee.“Because of the virus, it's going to take a little of fun out of it, but it's going to be much more safe, which is the number one thing that we want,” said Miller.Appearances by St. Nick at malls, corporate events and private appearances is a holiday tradition that’s already being impacted by the pandemic.“We've been working with a lot of retailers as well as malls too. How can we still have the experience of Santa, but keep everybody safe?” said Mitch Allen, founder of HireSanta.com.According to entertainment staffing firm Hire Santa, bookings that usually peak beginning in early November were down 95% due to coronavirus concerns. But after advertising their safety efforts, demand is up 20% compared to this time last year.“The Santa Claus entertainers, as you can imagine, they're a high-risk group. So, we want to make sure that Santa's safety is our number one priority,” said Allen.Allen says they’ve developed a Plexiglas "Santa shield" that creates a physical barrier to allow for photos with Santa.“We at HireSanta.com are also working on virtual Santa visits where you can literally visit with Santa within the confines of your own home,” said Allen.Brookfield Properties, the second largest operator of U.S. malls, says it will host Santa in 134 of its 150 plus malls with "touchless experiences."Santa’s Village, a popular Illinois amusement park temporarily shut down by the pandemic, is taking Santa on the road.“For over 60 years, boys and girls have come to the house here in the park to visit me. But now we're going to take my house to your house,” said the amusement park’s Santa Claus.Their mobile Santa home has a separate entrance and exit to maintain social distancing, and a working fireplace will keep visitors warm and plenty of masks and "Santa-tizer" will be on hand as well.“It's great, because we can actually bring again that magic from the park to people's individual homes in local communities,” said Santa’s Village marketing director Brian Wright. “That way people can actually have a personalized visit with Santa.”Whether behind Plexiglas or inside a traveling "One North Pole," changes are afoot to ensure that Santa Claus is still coming to town. 2653
The Iran nuclear deal may be doomed, at least if you believe the global oil market.Oil prices have surged?partly because of mounting expectations that President Trump will kill the 2015 agreement, which allowed Iran to export more crude. Trump must decide by May 12 whether to re-impose sanctions on the OPEC nation.Brent crude, the global benchmark, briefly soared above a barrel on Monday after Israel leveled new nuclear allegations against Iran.Bringing back sanctions on Iran could knock out as much as 1 million barrels per day of crude supply, dealing a blow to increasingly fragile energy markets."There will be a significant disruption," said Michael Wittner, global head of oil research at Societe Generale."The market is assuming that oil sanctions will snap back onto Iran," he said.Trump said on Monday that Israeli Prime Minister Benjamin Netanyahu's speech on Iran helps show he's "100% right" about the Iranian nuclear agreement, which was signed by former President Barack Obama."We'll see what happens," Trump said about his decision on the Iran deal. "I'm not telling you what I'm doing, but a lot of people think they know."The oil market certainly thinks it knows. The price of Brent crude has soared 7% this year, and the US benchmark has soared 8% to nearly a barrel for the first time since late 2014. Oil prices have been lifted by concerns about the fate of the Iran deal as well as strong demand and supply cuts by OPEC and Russia."The Iranian nuclear deal is dead in the water and a Trump torpedo is fast approaching," Stephen Brennock, oil analyst at brokerage firm PVM Oil Associates, wrote to clients late last week.Under the deal, Iran agreed to limits on its nuclear activities, including bans on enrichment at key facilities. In exchange, sanctions were lifted in early 2016, freeing Iran to quickly boost its oil production by about 1 million barrels per day. Iran found eager customers for its crude in Europe, Japan, India and South Korea.It's "now looking increasingly likely" that Trump will not renew the waiver on Iranian sanctions by May 12, according to energy research firm FGE. 2153