CNN
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House Republicans have chosen Ohio Rep. Jim Jordan Friday as their new speaker nominee, but more than 50 Republicans voted against endorsing him in the House Ford — the party still reeling from the 10-day ouster of Kevin McCarthy’s historic ousting of a speaker.

Jordan sent the convention home for the weekend following Friday’s party vote, and lawmakers said he planned to use the time to talk to his opponents and try to win them over.

Jordan faces stiff opposition to be elected speaker because of the same math problem that scuttled Steve Scalise, who initially won the GOP nomination for speaker. Resistance.

By failing to unify behind a single nominee, the GOP convention has plunged the House into uncharted territory and effectively frozen the chamber at a time when major international and domestic crises are brewing. Israel’s War Against Hamas A possible government shutdown in mid-November.

If all members vote, when the House votes for speaker, Jordan or any other Republican speaker candidate can only lose four GOP votes because a speaker needs a majority of the entire House to win a vote.

Jordan’s supporters are hopeful he can still get there, but the Ohio Republican faces a big uphill climb.

The House GOP convention on Friday selected Jordan as its latest speaker-designate in a 124-81 vote over GOP Rep. Austin Scott A native of Georgia – a surprise at the last minute auction. Jordan received only 25 supporters in Wednesday’s vote, in which Scalise defeated Jordan 113-99.

Jordan called for a second vote, asking members if they would support him on the floor, in an attempt to see if it could undercut his opposition. That vote, which was cast by secret ballot, was 152-55 — putting Jordan’s speaker bid a long way to victory.

Jordan has made a name for himself as a staunch ally of Donald Trump and has been endorsed by the former president in his bid for the speakership. The Ohio Republican serves as chairman of the powerful House Judiciary Committee.

On his way to an earlier meeting of the House GOP convention Friday morning, Jordan told CNN’s Manu Raju that he thinks he can get the 217 votes needed to win. Go there at the end of the day.

“I think we’ll get 217 votes,” Jordan said. “I think we’re going to get 217 votes — that’s the fastest way to consolidate and get to the platform.”

On Friday morning, McCarthy said he supported Jordan in the speaker’s race, saying, “We need to get this back on track.”

According to a GOP aide, Jordan has been meeting with holdouts and making calls as he tries to lock in the 217 votes he needs to win.

The problem for the House GOP is that it’s unclear who can lock down the 217 votes needed to secure the 217 votes needed, raising questions about how, when and at what cost the impasse for the speakership will last. Republicans are mired in infighting After the historic ouster of Kevin McCarthy, the House is deadlocked without a clear path to electing a new Speaker.

Tensions are simmering among House Republicans concerned about the impasse and the path forward.

After Scalise dropped out of the race Thursday evening, Rep. Mark Alford, Republican of Missouri, told reporters: “”You know, you can put Jesus Christ as Speaker of the House and he still won’t get 217,” one lawmaker remarked.

Representative. Dan Bacon, when asked to say “no” on Jordan, told CNN’s Manu Raju, “I’m chewing on that now,” and said he was reluctant to reward what many Republicans see as “bad behavior.” He said it wasn’t Jordan’s fault.

“We had five people today who would only vote for Jim, not Steve. A lot of us feel like doing that rewards bad behavior. My problem is it’s not Jim’s fault, so I’m fighting about that,” he said. “There’s a great quote … if you give a misbehaving 5-year-old more ice cream, they’re going to misbehave, right? That’s what happens here if we reward that behavior. So many of us are against it.

Scalise’s exit from the race and McCarthy’s historic ouster as speaker have highlighted the power of a small faction of conservatives to sideline the majority agenda in the convention. House Republicans control a razor-thin majority and a speaker candidate can win with just four losses.

Before he challenged Jordan on Thursday night, Scott told CNN the GOP’s inability to elect a new speaker was driven by a small number of holdouts.

“We have a very small group that wants to have everything their way. We had a group that sabotaged Speaker McCarthy, and now we’ve got a group that sabotaged Steve Scalise, and they’re both great men,” he said.

McHenry is acting speaker

Before Scalise stepped down, Republicans were already considering whether to try to expand the powers of Acting Speaker Patrick McHenry of North Carolina so the House could pass legislation like the Israel resolution, several lawmakers told CNN.

GOP Rep. of Arkansas. “It’s an option we can pursue,” Steve Womack told reporters.

Centrist Republicans are circulating a letter urging McHenry to have more temporary power, sources told CNN — a sign of the GOP’s desperation to unite around a speaker.

The effort to expand the powers of the interim speaker, much less a role, would put House Republicans in untested legal territory and could be difficult to pull off, and some in the party have already pushed back on the idea.

“I don’t want to see it,” said Rep. Mario Diaz-Ballard, a Republican from Florida.

Jordan has been the face of key House GOP investigations as chairman of the Judiciary Committee.

The Ohio Republican has served in Congress since 2007 and has a long-standing reputation as a conservative agitator who helped found the fierce House Freedom Caucus.

In addition to chairing the Judiciary Committee, Jordan also chairs the Select Subcommittee on “Weaponization” of the federal government. When McCarthy announced the House GOP impeachment inquiry against President Joe Biden, he said he would lead the effort along with House Oversight Chairman James Comer Jordan, along with Judiciary Chairman and Ways and Means Chairman Jason Smith.

While Republicans say their investigative work is important to informing the American people and ensuring accountability, Democrats often criticize Jordan as an overly partisan Trump defender and accuse him of using his perch to protect the former president ahead of the 2024 presidential election. .

As Jordan oversees key House GOP investigations, Democrats also point to the fact that he stonewalled a subpoena for testimony by the House Select Committee investigating the Jan. 6, 2021, attack on the U.S. Capitol.

Both Jordan and Scalise supported objections to Electoral College results when Congress met to certify Biden’s presidential victory on January 6, 2021, the same day pro-Trump mobs stormed the U.S. Capitol and disrupted the election.

This story and topic have been updated with additional improvements.

The Dow Jones industrial average rallied Friday as third-quarter earnings season began — with results United Health (UNH) and the banking giant JP Morgan Chase (JPM) Meanwhile, the streaming giant Netflix (NFLX) An analyst slid into the download.

X

The University of Michigan’s consumer sentiment index is due out at 10 a.m. ET. The index is expected to rise to 68.1 in October and 67.5 against September. Inflation expectations are included in the Consumer Survey. In September, year-on-year inflation expectations stood at 3.2%.

Key earnings reports on Friday included Dow Jones stocks UnitedHealth and JP Morgan Citigroup (C) and Wells Fargo (WFC)

UNH shares rose 1.8% in early trading, while JP Morgan shares rose more than 4%. Citigroup shares rose 3%, while Wells Fargo advanced nearly 3% in morning trading.

Also, Netflix stock sold off nearly 2% after Wolfe Research downgraded it from Outperform to Peer Perform. NFLX stock is already below its long-term 200-day moving average, and 25% off its 52-week high.

Dow Jones today: Oil prices, Treasury yields

After the opening hours on Friday, the Dow Jones industrial average rose 0.8%, while the S&P 500 added 0.5%. The tech-heavy Nasdaq composite moved a fraction lower in morning action.

Among U.S. exchange-traded funds, Nasdaq 100 tracker Invesco QQQ Trust (QQQThe SPDR S&P 500 ETF (ETF) was higher.espionage) rose 0.5% in early Friday.

The yield on the 10-year U.S. Treasury note fell to 4.61% on Friday morning, on pace to end a sharp weekly loss.

Oil prices rose on Friday morning after a troubled week of trading. Concerns about an escalating war in the Middle East, a surge in weekly stocks and tightening US imposes embargo on Russian oil exports Factor in all the action. West Texas Intermediate futures traded up more than 4% on Friday near $86 a barrel — up nearly 4% on the week.

IBD’s latest newsletter MarketDiem delivers action ideas for stocks, options and crypto to your inbox

Stock market rally

On Thursday, the indices closed lower but still finished firmly in the red. The Dow Jones industrial average fell 0.5%, while the S&P 500 lost 0.6%. The tech-heavy Nasdaq composite also fell 0.6%, while the small-cap Russell 2000 sold off 2.2%.

Three of the four indices — not the Russell 2000 — are up for the week heading into Friday’s session.

In Thursday’s Big Picture column, “The Nasdaq faces a key test of resistance around its 50-day line. A decisive retest would be bullish, and weakness could signal the need to reduce exposure.”

The Dow faces resistance at the 200-day level as it looks to see a three-week low.

Now is an important time to read IBD’s The Big Picture column, as the stock market outlook shows a new uptrend. Read on to learn how to harness your newfound stock market strength and systematically increase your exposure.

Learn how to time the market with IBD’s ETF Market Strategy

Stock market today

Tesla (D.S.L.A) lost 1% early Friday Nvidia (NVDAdecreased by 0.8%. Dow Jones Technical Symbols Apple (APL) and Microsoft (IBD) traded higher before today’s stock market opened.

IBD Leaderboard Member Arista Networks (Aneta), Draft Kings (D.K.N.G), Meta platforms (Meta) and Production of mod (MOD) — as well as Dow Jones stocks Sales force (CRM) and United Health (UNH) — is one of the best stocks to buy and watch in the new stock market boom.

Meta is an IBD swing trader stock, while Arista is near a buy zone on this stock. DraftKings is IBD’s Stock of the Week for Wednesday.

Dow Jones stocks: Salesforce, UnitedHealth

Software leader Salesforce is battling resistance at its key 50-day line. If the stock retraces that key level, it will move closer to the 228.79 buy point in the double-bottom floor. CRM stock was up 0.2% on Friday morning.

According to IBD MarketSmith chart analysis, health insurer United Health is still in a buy range above the 515.86 buy point on a cup base. 5% buy area goes up to 541.65. UNH stock was up nearly 2% on Friday after the company’s earnings results.

4 Best Growth Stocks to Buy and Watch Stock market rally

Stocks to Buy and Watch: DraftKings Makes Bullish Move

Arista rose 0.6% Thursday to end a two-day slide. A bullish rebound from the 50-day line in recent sessions has put the stock in fresh buy territory. Meanwhile, shares are out a flat base just shy of the 198.70 buy point. ANET reports third quarter results on October 30. Shares rose 0.3% in early Friday trading.

According to the IBD MarketSmith model consensus, DraftKings is forming a consolidation with a 34.49 buy point. An early entry is at 32.65. Stocks are trying to find support around their 50-day moving averages. DKNG shares rose on Friday morning.

Social media giant MetaPlatforms is in buy range after a strong move above the 312.87 buy point. Now the META stock is trying to cross the official buy point of a cup floor at 326.20. The company reports third quarter results on October 25. META shares fell 0.4% on Friday.

Tuesday’s IBD 50 Stocks to Watch pick, Modine, broke through a 49.60 buy point in a flat base, but fell sharply during Thursday’s 2.9% decline. MOD stock was slightly higher on Friday morning.

Best stocks in today’s stock market action

These are four of the best stocks to buy and watch in today’s stock market, including the Dow Jones leader.

Source: IBD data as of October 11, 2023

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

Don’t forget to follow Scott Lehtonen on X/Twitter @IBD_SLehtonen Learn more about growth stocks and the Dow Jones Industrial Average.

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Best growth stocks to buy and watch

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Scalise’s health gave him strength enough to serve. But his political health is not good. He dropped out of the race Thursday night, saying there would be too many GOP defectors to win formal votes in the narrowly divided House.

He has a nice consolation prize waiting for him: He doesn’t have to play convincingly that he’s actually Speaker of the House, as Kevin McCarthy did during his short tenure. His right to speak would have been an illusion—no authority, no protection, no thanks.

There is no real job to fill.

Because right now, Trump is the only leader with a sustained following within the modern Republican Party. That’s true even though the GOP is filled with people who quietly want him out, and a small number of leaders who are loudly advocating for him. So far, no Republican in the Trump era has been able to emerge as a true leader — not by seeking alliances with him, siding with him, or trying to keep a safe distance from him.

The House drama shows that if Trump is a dictator, he isn’t too concerned with using power in spite of himself. Instead, he treated the turmoil and ritual humiliations — first by McCarthy, then by Jordan, now by Scalise — as a sideshow. In important respects, he is right.

Domestic politics, in both parties, can feel isolating and claustrophobic. This has certainly been on clear display among Republicans over the past two weeks. The resounding insults, the personal rivalries dressed up as matters of policy, the collapsing alliances – they can seem impenetrable and disconnected from the real issues of the wider world.

At some distance, however, it’s clear that the shadow over the House GOP is the same shadow that looms over the broader Republican Party and over all of American politics. As long as Trump remains the dominant figure in his party and his future remains unresolved, there can be no return to normalcy, to anything that was normal. Will he be convicted of crimes in 2024 or will he defeat a politically vulnerable position and return to the presidency? Or perhaps both?

Until these questions are answered, “Who will be the next speaker?” The most obvious answer is “Who cares?” The speaker race is a battle on the margins to hold a job that promises little power or dignity.

Detroit, Oct. 12 (Reuters) – A surprise strike by the United Auto Workers (UAW) on Wednesday at Ford’s biggest and most profitable factory is raising pressure on Stellandis NV and General Motors as negotiators resume contract talks on Thursday.

UAW negotiators are turning their attention to talks with Chrysler-parent Stellandis ( STLAM.MI ) on Thursday, union president Shawn Fine confirmed a Reuters report.

“Hopefully, today’s talks at Stellandis will be as fruitful as yesterday’s Ford,” Fine wrote on social media. Stellandis was not immediately available for comment.

The Kentucky walkout is a warning to Stellandis and General Motors ( GM.N ), whose wages and benefits are lower than Ford’s, according to briefs released by the automakers and the UAW.

Some analysts saw Fan’s decision to close Ford’s Kentucky truck plant, which makes Super Duty pickups and Lincoln Navigator SUVs, a sign that the endgame would begin for the Detroit Three’s nearly month-long combined walkouts.

“The pressure was always needed to force a deal,” Evercore ISI analyst Chris McNally wrote in a note Thursday.

Shares of Ford fell 2.2% to $11.98 in premarket trading.

Last Friday, Fein said the UAW would strike the GM assembly plant in Arlington, Texas, if necessary. GM’s Flint heavy-duty truck assembly plant is another potential strike target. Fine plans a video address on Friday at 10 a.m. ET. In past weeks, Fein has used Friday’s addresses to order additional walkouts or announce progress in negotiations.

Among the most profitable targets at Stellandis are the automaker’s Ram pickup truck plants in Sterling Heights and Warren, Michigan, and two Jeep SUV plants in Detroit.

“It makes everyone pay attention,” said Sam Fiorani, vice president of global vehicle forecasting at AutoForecast Solutions. “If they don’t bring anything new to the table from last week, GM and Stellantis should be worried.”

Analysts at Wells Fargo estimated that the Kentucky plant strike would cost Ford about $150 million a week in core profits.

“We think this increase is an indication that the UAW will be closer to a contract proposal with Ford in the next 1-2 weeks,” Wells Fargo analyst Colin Langen said in a note.

The automakers have more than doubled initial wage increases, agreed to raise wages in line with inflation and improved pay for temporary workers, but the union still wants higher wages, an end to the two-tier wage system and expansion of unions to battery plants.

The UAW has room to expand its walkouts and increase pressure on the Detroit Three to offer bigger wage gains, richer pension packages and more guarantees that new electric vehicle battery plants will be unionized.

While 8,700 workers at Ford’s Kentucky Truck plant are now on strike, less than a quarter of the 150,000 UAW workers at the Detroit Three automakers are on strike. However, thousands of people have been out of a job since the non-strike action because the walkouts made their jobs redundant, automakers said.

Ford warned Wednesday that workers at a dozen other factories could be sent home because of the truck plant walkout.

Its Kentucky truck plant, the company’s most profitable operation, generates $25 billion in annual sales, about one-sixth of Ford’s global vehicle revenue.

“There are very expensive items here that can be very profitable,” Fiorani said. “With super duty at this plant, it’s Ford’s largest plant. They’re on target to build 400,000 vehicles this year.”

Fine and other UAW officials called a meeting with Ford for Wednesday at 5:30 p.m. ET (21:30 GMT) and demanded a new offer that Ford did not have, a Ford official said.

“You’ve just lost Kentucky Truck,” said Fein, according to a Ford official and a union source who spoke on condition of anonymity because the talks were not public.

“Is that all you have for us? Our members’ lives and my handshakes are worth more,” Fine added, according to a union source.

Ford said the decision was “grossly irresponsible, but based on an alleged strategy by union leadership that hurt the Detroit 3 for months through ‘reputational damage’ and ‘industrial chaos’.”

Fine has said his aim is to keep automakers off balance by taking targeted action rather than a total strike on all measures.

“We won’t wait forever,” he said on social media platform X on Wednesday evening. “If Ford can’t get it after a four-week strike, these 8,700 workers closing their biggest plant will help them figure it out.”

Detroit automakers will report third-quarter financial results between Oct. 24 and 31, and the UAW can use what’s expected to be strong profits to press its case for a richer contract.

Before Ford’s announcement on Wednesday, the union had ordered walkouts at five assembly plants, including two Ford assembly plants at three companies and 38 parts depots operated by GM and Stellantis.

Our Standards: Thomson Reuters Trust Principles.

Taylor Swift Arrives at ‘Taylor Swift: The Eras Tour’ Concert Film World Premiere

VALERIE MACON/AFP via Getty Images

Taylor Swift makes her world premiere as a movie star Eras Tour Picture Wednesday’s concert at The Grove’s AMC Theater.

The superstar – who announced shortly before the Los Angeles event that his film will debut in North America on Thursday instead of a Friday night release date – arrived early and posed for photos with his crew and director Sam Wrench before quickly running inside. Hundreds of fans lined the entrance to the theater wearing friendship bracelets, singing along to Swift’s hits and stopping to take selfies with many of them. Stars including Rachel Zeckler, Maren Morris, Simu Liu, Julia Garner and Adam Sandler were in attendance, along with Swift’s mother Andrea.

Before the screening, Swift gave a brief speech at each of the 13 theaters where the film will be showing, telling the crowd, “I wanted to come and say hello to you before you see the film, because honestly, this tour has been great. Grand Adventure has everything you need to know about this tour and these shows. I think you’ll see that you’re absolutely a major character in the film because it’s your magic and detail and your sense of humor and the way you lean into what I’m doing and I’m the music. create.”

The German shoemaker’s IPO is expected to price between $44 and $49 a share, according to documents filed last week.

Birkenstock raised $1.58 billion and had a market value of $7.7 billion at the opening price, not counting shares for employees and executives. At closing price, the company has a market value of $7.55 billion.

However, Birkenstock has a larger market cap than Alberts, Skechers ( SKX ), Crocs ( CROX ), and Steve Madden ( SHOO ) and its valuation is about $4.3 billion higher than what private-equity firm L Catterton paid to buy the company. In early 2021.

Javier Gonzalez Lastra, Portfolio Manager

Tema is a luxury exchange traded fund

( LUX ), LVMH Moet Hennessy Louis Vuitton said on Tuesday that lackluster results dampened investor appetite for consumer-facing brands. LVMH saw revenue growth slow in its latest quarter and warned that high-income European consumers were slowing. With 36% of Birkenstock’s revenue coming from Europe in fiscal 2022, LVMH’s comments “will inevitably have an impact” in the short term, Gonzalez Lastra said.

Gonzalez Lastra considered joining the IPO, but decided against it. “I find it very difficult to make a high-confidence judgment,” he said in a call Baron’s Wednesday.

Some investors were skeptical early on. To justify Birkenstock’s targeted $8.6 billion valuation, it would need to generate annual revenue of more than $3.8 billion — or three times its fiscal 2022 revenue, David Traynor, CEO of investment research firm New Constructs, said ahead of the IPO.

“We don’t see this happening anytime soon,” he wrote in a research note last week. “BIRK looks overvalued and doesn’t offer much upside potential for investors.”

Birkenstock’s public debut was a threat to other recent IPOs, whose shares fell after a first-day pop. Shares of chip designer Arm Holdings ( ARM ) fell below their opening trade after an impressive debut. Shares of Instacart’s holding company, delivery platform MaplePear ( CART ), retreated below their IPO price. Shares of Cava Group ( CAVA ), the fast-casual Mediterranean chain that went public over the summer, are trading below their opening price. Despite opening at $21.21 in November 2021, shares of fellow footwear company Allbirds ( BIRD ) can now trade for under a dollar. Allbirds is now worth approximately $144 million.

Birkenstock’s high valuation reflects the company’s success over the past few years, says Neil Saunders, managing director and retail analyst at research firm Global Data. Birkenstock’s revenue increased from €727.9 million ($770.9 million) in fiscal 2020 to €1.24 billion ($1.3 billion) in fiscal 2022. Net profit rose to around €86 million ($91 million) in the period.

Birkenstock also has many supporters. L Catterton—which is affiliated with the private equity arm of LVMH Moët Hennessy Louis Vuitton.

(LVMHF) will be the majority owner of the company after the 2016 offering. The company has received funding offers from several investors such as Financière Agache, Durable Capital Partners and Norges Bank Investment Management.

Corrections & Amplifications: Birkenstock shares opened at $41 a share. An earlier version of this article incorrectly stated $41.97.

Write to Sabrina Escobar at [email protected]

Open Editor’s Digest for free

FT editor Roula Khalaf picks her favorite stories in this weekly newsletter.

Caroline Ellison, the star witness at the trial against Sam Bankman-Fried, said the FTX founder directed her and her former colleagues to use about $10bn of customer deposits from cash transfers to fund risky investments and pay off loans.

The damning testimony of Ellison, the former head of Bankman-Fried’s trading firm Alameda Research and his one-time girlfriend, forms a pillar of the government’s criminal case against the former cryptocurrency magnate.

Ellison, wearing a gray jacket over a red dress, arrived shortly after 12.30pm local time in Manhattan. When prompted by prosecutors, she quietly identified Bankman-Fried, referring to him as “Sam” in her answers.

“He directed me to commit the crimes,” Ellison told the jury. “He was the one who directed us to take the client’s money and pay off our debt.” He previously pleaded guilty to fraud and agreed to cooperate with prosecutors.

FTX collapsed in November after it was revealed that Alameda had secretly transferred billions of dollars in customer deposits.

“Alameda took billions of dollars . . . from FTX customers,” Ellison said. “She admitted sending the balance sheets [Alameda] Lenders in the direction of Sam. . . It made Alameda’s balance sheet seem less precarious than it should have been.

Ellison is a highly anticipated witness in the trial and a key figure in FTX’s downfall. He said he “didn’t feel good” about the credit arrangements that made the trading company “risky,” but testified that he always deferred to Bankmann-Fried on big decisions.

“The whole time we were dating, he was also my boss at work, which made for some awkward situations,” Ellison said.

She added that the relationship ended after she made it clear she “wanted more” from Bankman-Fried, who was “distant” from her.

Ellison also testified that he was never offered any stock in Alameda, despite asking Bankman-Fried that “it’s very complicated.”

The 28-year-old, who will return for further questioning on Wednesday, revealed he had asked Alameda to model what would happen in a “tenth of a percent scenario” in which Bankman-Fried crypto markets fell 50 percent a year before the FTX collapse. And the exchange was rocked by bad publicity.

He said Bankman-Fried ordered a market war game as he looked to make another $3bn of venture capital investments – and he eventually did, making Alameda’s position even more precarious. With additional investments, Ellison predicted that Alameda would be “very unlikely or almost impossible” to repay its outstanding debts in a recession scenario.

“In trading, one-tenth of a percent of scenarios happen every day,” Ellison said. He ran the jury through notes sent to him by Bankman-Fried and a spreadsheet he created to analyze the scene, which he said he discussed with Bankman-Fried. He said his model would “use Alameda FTX customer funds” to help pay off his loans.

The episode foreshadowed the events that sank the FTX a year later, undermining Bankman-Fried’s claim that she did not know the details of the dangers of running Alameda.

Banker-Fried met Ellison while working at trading firm Jane Street, and later hired him as one of the first traders at Alameda Research in 2018.

He was named co-chief executive alongside fellow trader Sam Trabucco in 2021, relinquishing the title to focus on Bankman-Fried FTX and avoid questions about conflicts of interest between the two groups. Ellison took over for Alameda when Trabucco left last year.

Bankman-Fried has implicitly laid the blame for FTX’s failure at Ellison’s feet, saying he was unaware of the depth of Alameda’s financial crisis and the extent of its borrowing from FTX until shortly before both companies collapsed.

Bankman-Fried’s bail was revoked and she was sent to prison over the summer after the government accused her of blackmailing Ellison’s personal writings to The New York Times journalists — a charge she denies.

When it came to his political donations, Allison Bankman-Fried testified that “I thought it was very effective . . . he could get very high returns in terms of influence”, and that the defendant had contributed $10mn to Joe Biden’s presidential campaign.

Bankman-Fried told her there was “a 5 percent chance he’ll be president one day,” Ellison said. Asked by lawyers what the president meant, Ellison said: “America’s.”

Vikings star Justin Jefferson left Sunday’s game against the Chiefs in the fourth quarter with a hamstring injury and did not return. After uncertainty about the severity of the injury and how long he’ll be out, we now know — Minnesota plans to place the star WR on injured reserve. NFL Media And confirmed by CBS Sports’ lead NFL insider Jonathan Jones.

The exact timeframe is TBD based on how long it takes for Jefferson to recover and how he responds to treatment. But he was out for at least four games in a crushing blow to the Vikings.

Jefferson tripped on the US Bank Stadium turf while running a route against Chiefs cornerback Trent McDuffie late in Kansas City’s Week 5 27-20 win. His return was ruled questionable and he was sidelined after being paralyzed for medical attention. But he didn’t take another snap before the final buzzer, when freshman Jordan Addison served as the target for Kirk Cousins’ top pass.

Head coach Kevin O’Connell visited Jefferson’s locker on his way to the podium after the game to try to comfort the wideout, who did not speak to reporters. On Monday, O’Connell told reporters that Jefferson would seek multiple medical opinions about his hamstring.

“We need to get an MRI on it, find out what it is, where it is, if there are any other factors and determine what the best decision is to get him back to 100 percent as quickly as possible,” O’Connell said. “He’s down today. He’s one of the most intense competitors I’ve ever met, and shoot, he’s trying to get back into the game like he was yesterday. So we have to make a good decision medically. And help him protect himself a little bit.”

Imaginal focus

From Dan Schneier, CBS Sports Fantasy Senior Editor: With Jefferson gone, most fantasy football managers will turn their attention to new first-round draft pick Jordan Addison as the next man up. While it’s an opportunity Addison needs, he’s currently more likely to be on the roster than KJ Osborne, who would really like to have an edge over the rookie when it comes to future route participation, snap share and a built-in relationship with the quarterback. Kirk Cousins.

As host Adam Eiser noted on the Fantasy Football Today podcast earlier this week, Osborne has scored at least 14.6 PPR points with at least seven targets in eight of 11 games, averaging 16.1 points in those 11 games. However, in 48 total games with the Vikings, Osborne averaged just 5.5 targets per game — including four games played by former Vikings WR Adam Thielen. Jefferson is averaging 11.75 targets in his four games this year, but he was a WR3 when Jefferson was out.

Entering Week 5, Osborne was last (69th among 69 wide receivers) in passing yards, minus coverages broken, at 0.69 yards per route. For Addison, the new entrant’s stock is likely to grow from a Snapshare standpoint, and assuming she can do more with her ways than Osborne, her rapport with Cousins ​​will develop rapidly. Addison’s upside drops him into borderline WR2/3 range. Finally, TJ Hockenson is ready to jump in on goals as well. Hockenson has averaged six goals per game this season – and that number could rise to 25-50% per game. He’s already an every-week starter at TE, but in Jefferson’s absence, Hockenson has a chance to be a weekly difference maker.

Need help replacing Jefferson in your fantasy lineup? check Early discount wire for week 6 For possible options.

The The Powerball jackpot continues to grow No ticket matched all six numbers Monday night to claim the $1.55 billion grand prize.

The biggest jackpot is now valued at $1.73 billion — with a one-time cash payout option of $756.6 million — ahead of Wednesday night’s drawing. It is the second largest prize awarded in the game’s history behind the $2.040 billion jackpot won in November 2022.

The winning numbers drawn on Monday night are 16, 34, 46, 55 and 67, with the red Powerball number being 14. The Power Play option is 3X. According to the game, the odds of winning the grand prize are 1 in 292.2 million.

Five lucky winners After matching all five white numbers, the game announced Monday night that it had won a nice amount. Four players — one each in California, Indiana, Oregon and Virginia — won $1 million, while one player in Florida chose the power play option and won $2 million.

Over $1 Billion Powerball Jackpot: What’s the Tax Bill?

The Powerball jackpot now sits at $1.73 billion after the prize went unclaimed for the 35th consecutive drawing Monday night. (Joe Radle/Getty Images/Getty Images)

The last time a Powerball player claimed a winning jackpot was on July 19 California took home a $1.08 billion prize. Lottery said. At the time, it was the largest Powerball jackpot of 2023 and the third largest in the game’s history.

The jackpot has been won in 35 consecutive draws since the July win. Powerball claimed that the current run made it the first time in the game’s history to win back a billion-dollar grand prize.

California Convenience Store Owner Responds to $1 Billion Powerball Jackpot Sale: ‘Surprised’

The Powerball jackpot hasn’t been won since July 19, when a player in California won a $1.08 billion prize. (Angela Weiss/AFP via Getty Images/Getty Images)

A behind it $754.6 million grand prize A player won in Washington in February, which now marks the game’s seventh-largest prize.

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Powerball tickets are $2 per play Sold in 45 states Washington, DC, Puerto Rico and the US Virgin Islands.

The game says more than half of the revenue from a ticket sale stays in the jurisdiction where it was sold.