The decent job data could have been stellar if job seekers are better qualified.
Recall when I first entered the job market in early 70s, aviation sector went from king during the Vietnam War to dead zones as Boeing, Hughes, Douglas were closing their factories up and down the West Coast. The hottest ticket for jobs were semiconductors (Fairchild-Intel-AMD) and petroleum, thanks to OPEC. Of course what was good for GM was also good for the country then.
Recall those airplane jobs: Dispatching, Production, expediter***, Material Control, Sheetmetal, Sub-assembly, Factory manager, Plating, Painting, Planning, Lofting, Drophammer, Plannishing, Punchpress, stock rooms, schedulers, assemblers inserting all sorts of bolts and nuts, drafters, blue prints ... Today, they were mostly replaced by robots, machines and computers.
***There is one expediter for every two positions on Final Assembly, and one each for Wing and Control Surfaces ... It is my opinion and the opinion of every other stockroom worker that they are damned nuisances who actually slow things down instead of speeding them up. But I suppose we're prejudiced. Practically every defense plant has them; if they weren't a necessity, they wouldn't be there. Blueprints and work orders get mislaid; foremen keep putting off a difficult job for an easy one; parts become buried in the various stockrooms; move-boys pile finished parts in with unfinished. So the expediters, who speed from one end of the plant to the other, who keep themselves informed of plans before they are reduced to paper, who are bursting with knowledge of every phase of production connected with their project - they really are necessary.
I saved the Vanity Fair article on her affair:
A few times when he called home at night,
there was no answer.
The reason, according to Bartlem, was
that Carly had begun an affair with Frank
Fiorina, a divorced man with two children.
She moved out and filed for a divorce.
Bartlem says he asked her to go for counseling;
she refused. She ceased all contact.
About a year later, just after the divorce
went through, he says, she pulled up in
the driveway of their home and calmly
said, “‘I will never see you again.’ I said,
‘Isn’t that a little’ . . . how would I say?
. . . ‘extreme?’ Given, you know, we’d had
no battles. There was no animosity.
“She had found out from business school
that you . . . weigh your decisions, and then
you make the hard choice. And she has extended
that to her entire being, and that includes
work, that includes play, that includes
marriage. If you don’t fit in the plan, you
don’t fit,” says Bartlem.
Gateway was the first tech company who sounded the dot con bust alarm by reporting lousy Black Friday sales after 2000 Christmas. Recall when Carl was asked if HWP had similar sales issue, she said we were not Gateway ... and of course Gateway's alarm was just the beginning and end of Carl's spending soirees while flying around the world in new Gulfstream Vs making self serving speeches.
She is keeping herself in high profile to gain a White House job if GOP wins the 2016 ticket. Sadly, her wish has a high probability to come true with Hillary under fire.
As Walter Hewlett had pointed out, HWP did not want and need CPQ. No need to rehash what is clearly true now.
As on possibilities, Lew was focused on enterprise H/W and S/W. Storage, Cloud, Services and making quality goods and money, not squeeze profit by financial engineering as she did at Lucent (always beat eps by one cent.)
Search for the article Carly Fiorina’s record at Hewlett-Packard, by the numbers
Yahoo Finance By Andy Serwer with Tae Kim
and read both the writeup and comments.
The article's basic premise was 100% wrong and the rest of them were stinking rubbish:
" ... It’s true that HP was flagging when Fiorina came on board. "
HP was deemed to be not taking risks and "flagging" under Lew because HWP did not join the insane dot con growth camp. When Carl took over HP, HWP had hordes of cash and talent capital which Carl and the board promptly destroyed.
Initial Jobless Claims falls 34K to 262K
Apr 30 2015, 08:31 ET
Initial Jobless Claims: -34K to 262K vs. 288K consensus, 296K prior (295K prior).
Continuing Claims -74K to 2.25M.
Time to repeal all tax-exempt "foundations" who essentially redirect tax payer funds to primarily benefit their directors and board chairs.
Starbucks (NASDAQ:SBUX) reports global comparable store sales increased 7% in FQ2 vs. 5.1% expected and 4.9% last quarter.
Transactions were up 3% and the average price per order was 4% higher.
Comp growth by region: Americas and U.S. +5%; EMEA +2%; China/Asia Pacific +12%. All three regions showed positive traffic.
Microsoft beats by $0.10, beats on revenue
Microsoft (NASDAQ:MSFT): FQ3 EPS of $0.61 beats by $0.10.
Revenue of $21.73B (+6.5% Y/Y) beats by $670M.
They love the do-nuthin Congress on the job creation front:
Dow +0.13% to 18,061.80. S&P +0.24% to 2,112.50. Nasdaq +0.41% to 5,056.32.
Treasurys: 30-year +0.34%. 10-yr +0.23%. 5-yr +0.16%.
Commodities: Crude +2.39% to $57.50. Gold +0.58% to $1,193.80.
Google misses by $0.03, misses on revenue
Google (NASDAQ:GOOG): Q1 EPS of $6.57 misses by $0.03.
Revenue of $17.26B (+11.9% Y/Y) misses by $240M.
Can't get more explicit ... just like wagging the fingers and looking at our eyes on camera with the simple words " I'm going to say this again: I did not have sexual relations with that woman, ... "
You can say a lot of things about Dubya or Jimmie Carter but greed ain't one of them:
• Investors in Uranium One gave money to the Clinton Foundation starting in 2005 and through 2011. On June 29, 2010, Bill Clinton was paid $500,000 to speak in Russia by an investment bank with ties to Russia's government that had a buy rating on Uranium One’s stock.
• In January 2013, despite assurances to the contrary, a subsidiary of Rosatom took over 100% of the company and delisted it from the Toronto Stock Exchange.
• Clinton was supposed to disclose anytime there was a conflict of interest between foreign donations and State affairs. The Clintons disclosed only about $250,000 of the millions that the foundation received over the course of the deals.
I never liked the Clintons whose agenda became clear with their policy moves of NAFTA, China, Glass-Steagall and their so called Clinton Foundations which is a scheme to get rich in the name of charity. And old Bill certainly ignored warnings on Bin Laden while Hillary on Benghazi.
As I said many times before, Hilary's record as a Senator and SOS were nothing but fluff. She was clearly asleep at the switch with Arab Spring, Iaraeli-Palestinian and N. Korea/Iran.
Nothing as usual while our economy is stalling:
US PMI Manufacturing Index Flash
April US PMI Manufacturing Index Flash 54.2 vs 56.0 consensus, 55.7 in March.
Initial Jobless Claims
Initial Jobless Claims: +1K to 295K vs. 286K consensus, 294K prior (unrevised).
Continuing Claims +50K to 2.33M.