Qualcomm has been providing almost all baseband chips for Apple’s mobile devices, yet it is reported that the tech giant is looking for other options – possibly products by leading chip maker Intel. If the two reach a deal, Intel’s baseband processors might first be used in the latest model of iPhone to hit the market in 2015. However, it doesn’t look like such a collaboration will happen immediately, according to sources familiar with the matter.
Apple and Intel are discussing further deals on chips, according to Cowen and Company analyst Timothy Acuri. If Apple, which has adopted Qualcomm’s baseband designs, turns to Intel for chip supplies, it would lead to huge changes for both companies considering Apple’s large purchases for iPhones and iPads.
There are few commentators on Twitter who parse the jobs report better than economist Justin Wolfers. In recent years, it was often him who urged caution as the economy picked up in the winter and would shoot down any reporters showing too much optimism. But even he couldn’t find anything to be pessimistic about in this jobs report:
Justin Wolfers at JustinWolfers
There is simply no bad news in this jobs report. Go on, dig into the detail, and see if you can find it. I dare you.
[More positive indicators for a good second half of 2014. ]
For the past few years, it was like clockwork: A disappointing summer of job growth would give way to a much stronger winter. Economists would hesitantly forecast that the economy was about to kick into second gear. Then the summer would come and the disappointing data would return. But finally, it looks like we are ready to break that trend: The economy added 288,000 jobs in June, soundly beating economists’ expectations of 211,000, and the unemployment rate fell to 6.1 percent.
You can see this pattern of strong winter and weak summer—and the possible breaking of it—in the three-month moving average of job numbers:
No one is quite sure why this trend persisted for so long, but it led to consistent dismay each summer when growth failed to materialize. Each time the “recovery winter” never transitioned into a “recovery summer.” In 2014, this cycle seemed to have reversed itself. Winter job growth was anemic thanks to an unusually cold winter. Last week, we found out that economy contracted at a 2.9 percent annual rate in the first quarter of the year. This reignited worries that, despite predicting strong growth at the start of the year, economists were once again set up for failure. In fact, the Federal Reserve already downgraded its growth forecast due to the horrible first quarter GDP number.
But, GDP growth is a backwards looking indicator. In other words, it measures the economy as it was three months ago, but offers little information on its current state. Forward-looking indicators, on the other hand, have told a different story. Consumers, businesses and investors are all showing renewed confidence in the economy. On Monday, pending home sales hit a four-year high. Automakers also reported surprisingly high sales. Many economists even expect wage growth in the second half of the year. The June jobs report only adds further support for the recovery summer.
"Bush did set the record for the largest budget deficit, but that was broken by Obama in 2010, I believe."
[Sure, when Obama took office the gov't had to spend like drunken sailors in order to bail out the private sector. It couldn't spend so the gov't had to. ]
"The economic recovery under Obama has been terrible by any measure other than stock market performance, which primarily benefits the wealthiest 10%."
[This is simply not factual. When Obama took office there were a lot of people that were unsure (and for good reason) if we would recover because the financial situation was so bad. Now everyone seems to have forgotten this and asks why it wasn't faster or stronger. To a large degree you can thank the Republicans in Congress for refusing to cooperate in any way, shape or form. They became the party of no putting their political agenda ahead of the good of the country. Their goal wasn't recovery - their only goal was to get Obama out of office. It was and continues to be shameful behavior.
I'm no apologist for Obama. He has done many things that have made Democrats really crazy. But he came in at a hugely difficult time and got the job done with no help whatsoever from the other side. ]
"Lake Erie for an outdoor barbeque tomorrow. We got Karen's family cabin, boat too, and plenty of beer and scotch to celebrate OUR independence."
[And crow. Don't forget there will be plenty of that.]
"and ARMH has owned you forever. Never fear, the bubble called INTC is ripe for some air to come out of it's bubble. Should have bght FNSR down there in the low 19's as was suggested. better gains than in the bloated INTC since that level."
[Yeah, ARM got my beer money. But the bottom line is that I have skin in the game and you don't. That's why your sitting on the sidelines advice is worthless. Go away and come back when you are an investor instead of a guy who simply throws rocks at investors after the fact, o gutless wonder. ]
"I love that little machine. Also, the Win 8.1 is great and increasingly I find myself on the tiles side of it instead of the desktop."
[They are great. And now even better.]
"Bush and Obama are both mediocre presidents only because so many others were so much worse."
[Bush started two wars he couldn't pay for and almost presided over the second great depression. He created the greatest deficits in the history of the country. I'd hardly call that mediocre. On a positive note, I think he learned a lot while he was in office and he didn't always listen to #$%$ Cheney. If he coulda had a do-over he would have been much better. He would have skipped the two wars and hired all of Obama's economic advisors. And talked a lot less smack to the rest of the world. I almost like Bush these days and if he asked I'd go have a beer with him. Bush was always trying to out-do his dad. That led to most of his disasters. And, of course, listening to his advisors who told him that ultra-conservatives were the super-race. Unfortunately the super-race turned out to be totally inept at nation building in Iraq and Afghanistan. And at finding WMDs.
Reagan had some really notable achievements. When he took office the US was the largest lending nation on the planet. Eight short years later, we were the greatest borrowing nation on earth. He told us he could balance the budget, increase military spending and provide tax cuts. The results were the greatest deficits in the history of the planet. Well, until Bush and Bush again.]
"Give me one example where I was drumming up political drama."
[Um, every single night under your Marco ID. ]
"Goes up 12% in one day you know this market is just about ready to turn over. Pity all of you who were buying at 30"
[Brave words from a guy with no skin in the game and who started the week by being wrong and ended the week by being wrong. Again. Intel has owned you for the last 17 months.
Who's your daddy, Lucy?
Intel. Intel yo daddy.
PS. Petsmart started the year at 72 and only you would be excited by the fact that it is now back up to 67. Intel started the year at 25.79 and is now over 31 while you have been telling everyone to sell the entire time. Your advice is so bad that you had to try to bake the Petsmart jump into a comparison. You truly are the most laughable shill on the message boards. And only fitting that you work for Jimbo the most laughable analyst on Wall Street. Hey, both of you have a really great 4th of July weekend and thanks for all the laughs! You guys are hella funny.]
"Compelling only if you suck up all the propaganda the Establishment feed you and in which the future alarmists warming predictions change every year when the Inconvenient Truth of NO runaway warming rears its ugly head every year. Not only do I object to this great pseudo-scientific fraud being perpetrated on mankind because it is fundamentally wrong and economically regressive but I also believe that there is nothing intrinsically wrong in getting CO2 levels up to greenhouse levels (i.e double/triple what they are now) to increase world plant production to optimum to sustain more animal life..."
[Unfortunately every reputable scientist on the planet disagrees with you.
Nothing wrong with getting CO2 levels up??? You obviously don't know jack about the topic because you seem to be unaware of the effects on hurricanes and tornadoes. Not to mention droughts. You aren't going to get more plant and animal life, you are going to kill off what is already here. There is plenty of evidence for what I'm saying already if you happen to be too lame to just go outside and notice it for yourself.
More Powerful and Dangerous Hurricanes
Warmer water in the oceans pumps more energy into tropical storms, making them stronger and potentially more destructive. Even with storms of the same intensity, future hurricanes will cause more damage as higher sea levels exacerbate storm surges, flooding, and erosion.
Drought and Wildfire
Warmer temperatures could increase the probability of drought. Greater evaporation, particularly during summer and fall, could exacerbate drought conditions and increase the risk of wildfires.
Warmer temperatures increase the energy of the climatic system and can lead to heavier rainfall in some areas. Scientists project that climate change will increase the frequency of heavy rainstorms, putting many communities at risk for devastation from floods. Check the map of flood vulnerability in the United States.]
"Please do more basic research in the future before you make yourself look even more ignorant with your Liberal blather."
[Thanks for your comments but I really don't have any interest in having these types of discussions with anyone so pinheaded that he questions global warming. You are not a smart man. Even worse you are poorly educated.
fairbanksmorse1 to Ignore ]
Faster Bay Trail in red and white
The Asus Transformer Book T100 is getting a midlife update, complete with some fresh silicon and two new colour options.
In case you missed it, the T100 is a (very) affordable Windows 8.1 tablet based on Intel’s Bay Trail SoC. We had a chance to review it earlier this year and we were impressed by the sheer value offered by this hybrid, which starts at just $349.
The frugal transformer now has a new chip, the Intel Atom Z3775, which runs at 1.46GHz to 2.39GHz. The original T100 relied on the Z3740, clocked at 1.33GHz to 1.86GHz. It still has 2GB of RAM, backed by 32GB to 64GB of eMMC storage. There’s a SKU with a 500GB hard drive in the keyboard dock, too.
On the aesthetic side, the T100 now ships in two new colour options, red and silverish white. Tabtech has the lowdown and the new SKUs are already listed in Germany.
"A number of Hispanics I have talked to resent illegal's coming in and using up resources that they pay for through taxes, and take jobs from them. A number of Liberal's also don't want the influx here except for ones like you who want to exploit them."
[Okay that's two for your point of view and tens of millions of Hispanics opposed to your point of view. For information on how this works out please refer to the last presidential election.]
"Newt Gingrich, and the GOP House was primarily responsible for the Clinton surplus."
[This is a bald-faced lie so egregious I can't believe you would even attempt it. Greenspan went to Clinton and told him he needed to rein in spending. He did and the results are history. Greenspan went to Bush and told him he needed to rein in spending. Bush said that he ran on providing his rich constituents tax cuts and by god that's what he was going to deliver. So, he did. We got two wars, a massive tax cut primarily for the rich and we got another Republican president producing the greatest ever budget deficits in history up through the time he was in office.]
"It was Clinton and Rubin who led getting rid of Glass Steagall that was the main factor in the last financial crisis."
[Another bald-faced lie. It was the corporations making the loans, the ratings agencies and Wall Street.]
"I see you are another climate change whack job who believes everything told to him by greedy, dishonest researchers like Mann who forged the discredited hockey puck theory that you probably still believe in, instead of recognizing that the climate has fluctuated for many millions of years. It's just a hoax by Liberal's to raise taxes and implement more regulations, and for scientist's to make money off of research grants. If you still believe in your apocalyptic vision, then don't live in Manhattan."
[You're not a smart man. Your stupidity is affecting us all.]
The woodshed is just not big enough. Lucy, Nenni, and Grandpa Tiglet refuse to share space. With AE dropping in every few days to tell us how Intel is trapped in a trading range, conditions are even more deplorable.
"If you've been to California lately, perhaps you've noticed that it is hot as hell, ground is parched and there's a lot less beef cattle and crops....buy a good steak lately?"
[Yep, I live in northern California where it is usually very pleasant but it's been hotter than hades lately. Meanwhile as beef prices go through the roof, Congressional Republicans continue to tell us that global warming is a fiction. ]
Attention will turn to the details of the European Central Bank's new stimulus measures when the ECB meets on Thursday, as the dust settles after the extraordinary package was announced in June.
The 24-member Governing Council is unlikely to take fresh policy action at its July gathering after cutting interest rates to record lows last month - the deposit rate to below zero - and revealing a 400 billion-euro (USD 545.62 billion) loan program. By offering banks four-year loans at ultra-cheap rates, the ECB hopes to entice banks to lend more freely, particularly to small- and medium-sized companies in the euro zone periphery.
"The dummies you refer to probably have a higher IQ than you probably do since the military has higher induction standards that you are obviously ignorant of.
Liberal's are a dying breed after the the healthcare mess they forced on the country that most did not want. After the young, and the Hispanics get fed-up with the DemoRATS and all the taxes they must pay as the DemoRATS continue their longtime spending sprees, & Brownshirt regulations."
[Still looking for those non-performance metrics. Apparently you can't provide even a single metric.
As far as liberals being a dying breed, don't make me laugh. You really think Hispanics are going to flock to the party that wants to toss all of them out of the country.
As far as spending goes, there hasn't been a Republican president in over 30 years that has balanced a budget. You have to go back to Eisenhower for god's sake. So, don't even get me started on the spending topic.
Brownshirt regulations? I'm constantly amazed by how the far right just engages in mindless name calling without any reason whatsoever. Are you talking about regulations to prevent another subprime mess? Yes, let's please have those before the wackco's on Wall Street really do destroy the world economy. Are you talking about regulations to protect the environment? Yes, let's please have those regulations before it's 120 degrees in the spring and Manhattan is under water.]