  A rapid phantom transition of the dark energy equation of state parameter $w$
at a transition redshift $z_t<0.1$ of the form $w(z)=-1+\Delta w\;\Theta
(z_t-z)$ with $\Delta w<0$ can lead to a higher value of the Hubble constant
while closely mimicking a Planck18/$\Lambda$CDM form of the comoving distance
$r(z)=\int_0^z\frac{dz'}{H(z')}$ for $z>z_t$. Such a transition however would
imply a significantly lower value of the SnIa absolute magnitude $M$ than the
value $M_C$ imposed by local Cepheid calibrators at $z<0.01$. Thus, in order to
resolve the $H_0$ tension it would need to be accompanied by a similar
transition in the value of the SnIa absolute magnitude $M$ as $M(z)=M_C+\Delta
M \;\Theta (z-z_t)$ with $\Delta M<0$. This is a Late $w-M$ phantom transition
($LwMPT$). It may be achieved by a sudden reduction of the value of the
normalized effective Newton constant $\mu=G_{\rm{eff}}/G_{\rm{N}}$ by about
$6\%$ assuming that the absolute luminosity of SnIa is proportional to the
Chandrasekhar mass which varies as $\mu^{-3/2}$. We demonstrate that such an
ultra low $z$ abrupt feature of $w-M$ provides a better fit to cosmological
data compared to smooth late time deformations of $H(z)$ that also address the
Hubble tension. For $z_t=0.02$ we find $\Delta w\simeq -4$, $\Delta M \simeq
-0.1$. This model also addresses the growth tension due to the predicted lower
value of $\mu$ at $z>z_t$. A prior of $\Delta w=0$ (no $w$ transition) can
still resolve the $H_0$ tension with a larger amplitude $M$ transition with
$\Delta M\simeq -0.2$ at $z_t\simeq 0.01$. This implies a larger reduction of
$\mu$ for $z>0.01$ (about $12\%$). The $LwMPT$ can be generically induced by a
scalar field non-minimally coupled to gravity with no need of a screening
mechanism since in this model $\mu=1$ at $z<0.01$.
