Tuesday, July 31, 2018

0 7 reasons you should buy a Nintendo Switch instead of the PlayStation 4 (NTDOY, SNE)

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nintendo switch vs playstation 4

You want to buy a modern video game console, and you have $300 to play with. What do you buy?

For $300, you can buy a Nintendo Switch or a PlayStation 4 — both retail for exactly $300 before taxes, and offer their own unique video game experiences.

If you're on the fence, though, here are 7 reasons you should buy a Nintendo Switch instead of the PlayStation 4:

1. The Nintendo Switch can be played on your TV like a traditional game console, but it can also be taken anywhere. The PlayStation 4 must be connected to a power source and a TV to play games.



2. The Nintendo Switch boots up and powers down much faster than the PlayStation 4.

This might seem like a small detail, but when you're turning a game console on hundreds of times throughout the course of its life, every second counts. And the Nintendo Switch can boot up much faster than the PlayStation 4.

The Nintendo Switch takes just under 4 seconds to fully boot up, from completely powered off to on and playing from where you left off.

The PlayStation 4, on the other hand, takes about 35 seconds to fully boot up from Rest Mode so you can jump back into that game you were playing. If you have it fully turned off, and not just asleep, the PlayStation 4 takes even longer to get going.

The startup difference is significant, and it makes the Nintendo Switch act and feel more like a modern gaming console.



3. There are more ways to play the Nintendo Switch than the PlayStation 4.

With the Nintendo Switch, you have at least seven different ways to play:

— Holding two Joy-Con controllers, one in each hand

— Using one Joy-Con as a controller

— Playing with the two Joy-Cons in the Grip handheld accessory

— Purchasing and using the Pro controller

— Putting the Joy-Con on the Switch console and playing it as a handheld

— Playing the Nintendo Switch on your TV

— Playing the Nintendo Switch on your tabletop, thanks to its kickstand

The PlayStation 4, on the other hand, can only be played on a TV, and has just a handful of input options, including the default DualShock 4 controller, the PlayStation Move hand controllers, and the PlayStation VR headset. And suffice it to say, those PlayStation 4 accessories are pricey and not at all portable. 



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0 Paul Manafort's high-stakes trial starts today. Here's what you need to know about the prosecution's roadmap and Manafort's risky gamble

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Paul Manafort

  • Paul Manafort, the former chairman of President Donald Trump's campaign, is going on trial in the first court case to come out of the special counsel Robert Mueller's investigation.
  • Jury selection begins Tuesday, then the trial is expected to last weeks after that.
  • Here's what you need to know about what to expect, the prosecution's roadmap, the defense's rebuttal, and Manafort's high stakes gamble.

Sign up for the latest Russia investigation updates here »


The former chairman of President Donald Trump's campaign will be the first to face trial Tuesday as part of the special counsel Robert Mueller's investigation into Russian interference in the 2016 presidential election.

Paul Manafort stands charged with 18 counts related to tax fraud, bank fraud, money laundering, failure to register as a foreign agent, and obstruction of justice.

The indictment, brought by the Department of Justice (DOJ) in the Eastern District of Virginia, says Manafort committed many of those crimes while working as an unregistered lobbyist in the US for the Ukrainian government and pro-Russia interests beginning in 2006.

Rick Gates, Manafort's longtime business partner and the former deputy chairman of the Trump campaign, was initially named as a co-defendant with Manafort, but he struck a plea deal with prosecutors in February.

Gates pleaded guilty to two counts related to conspiracy and lying to the FBI. He will testify on behalf of the prosecution in the Manafort trial.

What to expect

Robert Mueller

Jury selection begins on Tuesday.

The process kicked off last month when prosecutors submitted a lengthy questionnaire to screen potential jurors for any biases.

Prosecutors say they expect to be finished presenting their case to the jury in eight to 10 days.

The trial is expected to last a total of three to four weeks, which experts say is fairly typical for a fraud case like Manafort's.

US District Judge T.S. Ellis III, who is overseeing the trial, has repeatedly instructed the parties to leave politics out of it. He reminded potential jurors to do the same last week.

Alex Whiting, a former federal prosecutor in Boston and Washington, DC, said there are two things at play that protect a jury from being tainted by bias, political or otherwise.

The first is the screening process, known as voir dire.

The second thing, he said, is that there is a "culture and atmosphere created in the trial process and in the courtroom" that reminds jurors of the "importance of a fair trial, the stakes, and the consequences for a defendant if they don't put aside their biases."

Ellis indicated as much to the potential jury pool last week. He reminded them that their work was a critical facet of the US legal system, and that they had to judge Manafort solely based on the evidence presented at his trial.

"Nothing you do as an American citizen is more important," Ellis said. "Together with voting, it is one of the two cardinal duties of being an American citizen."

The prosecution's roadmap: Outline Manafort's 'lavish' spending

Rick Gates Paul Manafort

On Friday, prosecutors released a list of potential witnesses they may call on to testify during the trial.

The list, which included Gates, has 35 names, many of whom are Manafort's former business associates.

The list also included purveyors of luxury goods, like a high-end men’s clothing dealer, a Mercedes Benz salesman, and a ticket vendor for the New York Yankees.

Their inclusion indicates that prosecutors will spend at least some time highlighting Manafort’s extravagant spending over the last decade.

"Prosecutors love to throw in all the over-the-top spending fraudsters usually go for, and Manafort is no exception," said Jeffrey Cramer, a longtime former federal prosecutor who spent 12 years at the DOJ. "First of all, it's relevant because you're following the money. Second, it has a lot of jury appeal."

Whiting said that based on the indictment against Manafort, the government appears to have a strong case.

The document is a "speaking indictment," a term lawyers use to describe a charging document that is lengthy, detailed, and includes more information than is required by law.

Whiting said that while the case will include a little political context based on the nature of the charges, for the most part, it's a run-of-the-mill fraud case.

Cramer agreed.

"There's nothing special about Paul Manafort, other than that he was in close proximity to the president of the United States," he said. "The facts of this case have nothing to do with politics or Russian collusion or Trump. It's just a guy who was acting as a lobbyist when he shouldn't have been, collecting money for those efforts, and trying to hide that money away. That's what prosecutors will focus on."

The defense faces 'an uphill battle', but could play politics to their advantage

Paul Manafort.

The defense, meanwhile, "has an uphill battle" based on the indictment and other court filings the prosecution has made, Whiting said.

Joshua Dressler, a law professor at Ohio State University, told Reuters that although the evidence against Manafort seems strong, he lucked out by drawing a favorable judge like Ellis.

A Reagan appointee, Ellis is known to be tough on prosecutors, and he demonstrated as much during several pre-trial hearings in the Manafort case this year.

Dressler added that as much as the judge may try to keep bias out of the trial, the political climate surrounding the case increases the chances of a hung jury that can't reach a verdict.

Cramer echoed that point and said it was exactly why it would benefit Manafort for his legal team to weave more political subtext into the proceedings.

"If they fight this battle on just the facts, it's a tough case," he said. "If you're a defense lawyer, you want to talk about anything other than the facts here. So if you can taint the investigation as political in nature or a witch hunt, especially now, your hope is that it'll resonate with at least one juror and get your client off the hook."

Manafort's defense until now rested largely on two pillars: arguing that the case should be tossed out because the crimes he was charged with are irrelevant since they have nothing to do with Russian collusion, and arguing that the scope of Mueller's mandate was too broad.

Ellis rejected a motion last month from Manafort's lawyers to dismiss the Virginia case on both of those grounds.

Manafort's gamble: Could Trump pardon him?

Donald Trump, Trump

That said, the biggest question for legal experts isn't the dynamic of the case, but why Manafort chose to go to trial in the first place.

The answer to why Manafort hasn't flipped, they say, can likely be boiled down to one thing: a presidential pardon.

Rudy Giuliani, Trump's lead defense lawyer, said the president is not currently considering pardons for anyone caught in Mueller's crosshairs.

Giuliani said Trump wants to wait until the Russia investigation is over, at which point he may grant pardons to those he believes have been treated unfairly.

"Manafort maximizes his chances of getting a pardon by going to trial," Whiting said. "In his situation, given the facts of his case, the rational thing to do is plead guilty without cooperating and get the benefit of a guilty plea, or plead guilty and cooperate and get a bigger benefit. The only way it makes sense for him to go to trial is if he thinks he's going to get a pardon."

The New York Times reported in March that John Dowd, Trump's former lead defense attorney, floated the possibility of pardons to both Manafort and former national security adviser Michael Flynn last year, as the Russia probe was closing in on both men.

Whiting said that if such an offer was made — which Dowd denied — it could explain Manafort's willingness to face trial.

He added that this outcome is also the most beneficial to the president.

"If Trump pardons Manafort now, then Manafort can be subpoenaed to testify," he said. "And of course, if Manafort pleaded guilty, he may choose to cooperate. The pardon dangle encourages Manafort to hang tough, not cooperate, and reap the benefit later, maybe in a year or two."

But Cramer said there's an important caveat in Manafort's case.

"He's banking entirely on the whim of the president," he said. "So it's a high stakes game of poker that Manafort's playing here."

One intriguing possibility that hasn't been explored as much is whether Manafort could flip after being convicted.

If he chooses that route, the former Trump campaign chairman wouldn't benefit as much if he would have agreed to cooperate before going to trial.

"Unlike other defendants — and this is where politics come into it — Manafort is uniquely positioned to know things about other facets of the Mueller probe that have to do with the Trump campaign, and that's why he's valuable," Cramer said. "Would he talk about things other than what he's convicted for, about the president or anything else he knows?"

SEE ALSO: A federal judge who Trump praised denied Paul Manafort's motion to dismiss Mueller's charges against him

DON'T MISS: Read the indictment of Paul Manafort

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NOW WATCH: North Korean defector: Kim Jong Un 'is a terrorist'

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0 The wildfire tearing through Northern California created an insane-looking 'fire tornado' — see the footage

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0 Stephen Colbert discusses the sexual misconduct allegations against his boss, CBS CEO Les Moonves

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colbert moonves

  • Stephen Colbert discussed the allegations of sexual misconduct against CBS CEO and chairman Les Moonves in his monologue on Monday.
  • Moonves, Colbert's boss, was accused of sexual misconduct by six women in a New Yorker report published Friday.
  • The "Late Show" host did a comic spit-take upon learning that Ronan Farrow, who previously wrote a bombshell report on allegations against Harvey Weinstein, had written the Moonves report for The New Yorker. 
  • "That's not good. Ronan isn't exactly known for his puff pieces about glamping," Colbert joked.

Stephen Colbert addressed the recent allegations of sexual misconduct against his boss, CBS CEO and chairman Les Moonves, in his "Late Show" monologue on Monday. 

Moonves was accused of sexual misconduct by six women in a New Yorker report by Ronan Farrow published on Friday. 

Colbert opened his monologue by joking that he had been in South Carolina without internet ("They don't have it there yet," he said), when he "heard there was an article about CBS chairman  — and man I hope isn't watching tonight's monologue — Les Moonves."

The "Late Show" host then did a spit-take upon learning that Farrow, who previously wrote a bombshell New Yorker report on allegations against Harvey Weinstein, had also written the Moonves report for The New Yorker. 

"That's not good. Ronan isn't exactly known for his puff pieces about glamping," Colbert joked.

Colbert threw to a news clip detailing the allegations against Moonves, which his accusers told The New Yorker appeared to be "a practiced routine" of forcible kissing and touching.

"Well, you know the old saying, 'How do you get in a Ronan Farrow article? Practice, practice, practice,'" Colbert said.

The host then addressed CBS' announcement on Monday that the company would not suspend Moonves during an outside investigation into the allegations against him.

"I don't know why they're outsourcing this," Colbert joked of the investigation. "They could just use the cast of the new CBS procedural: 'CSI: CEO.'"

Watch the clip below:

SEE ALSO: The CBS board won't suspend CEO Les Moonves during the investigation into sexual misconduct claims made against him by 6 women

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NOW WATCH: Why the World Cup soccer ball looks so different

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0 Apple is grinding higher ahead of earnings (AAPL)

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Tim Cook

  • Apple is set to report its third-quarter earnings after the closing bell Tuesday.
  • Analyst expect the company to post earnings of $2.16 a share on revenue of $53.31 billion.
  • Shares opened up roughly 0.4% Tuesday ahead of the earnings report.
  • Follow Apple's stock price in real-time here. 

Shares of Apple are rising, up about 0.4% in early trading Tuesday, ahead of the company’s third-quarter earnings report after the closing bell.

Analysts polled by Bloomberg expect the tech giant to post earnings of $2.16 per share on revenue of $53.31 billion. But at least one analyst warns this quarter will take a back seat to more important upcoming quarters.

"This quarter takes a back seat to the "main event" which is all about the FY19 underlying iPhone demand picture and ramping services business which remains a key incremental growth driver for Cook & Co. for the coming years," Daniel Ives, head of technology research at GBH insights, said in a note to clients. He has a $200 price target for Apple.

"We believe 350 million iPhones are in the "window of opportunity" to upgrade over the next 12 to 18 months with Apple needing to capture a majority of these units as part of this upgrade cycle to make a clearly successful iPhone product cycle in 2019 and lay the groundwork for future services/software growth and steady iPhone demand over the coming years."

Ives expects three new iPhones to be released in the next three to six months, which should "capture the underlying demand/upgrades among customers that have decided to bypass the 8/8+/X cycle this past time around, with price points and features that catalyze fence sitting iPhone customers onto their next smartphone."

Apple Services — one of the company's fastest-growing revenue streams from things like the App Stores and Apple Music — could fuel growth in the third quarter without headline-making iPhone releases.

"We believe Apple’s strong software capabilities, expanding services business and unique digital ecosystem at large are increasingly being appreciated by the market," analyst Brian White of Monness, Crespi, Hardt & Co., said ahead of the report.

"Despite this improved sentiment, we believe Apple remains one of the most underappreciated stocks in the world with a valuation that remains depressed.''

Apple is the last tech giant in the so-called FAANG basket of mega-cap stocks to report earnings this quarter. So far, its peers have largely disappointed the market, with Netflix and Facebook sinking after earnings reports that missed Wall Street expectations.

Shares of Apple are up 10.6% this year.

Apple stock price earnings

SEE ALSO: Trade war and iPhone sales: What to watch for in Apple earnings

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NOW WATCH: The CEO of one of the largest health insurers in the US explains the problem with healthcare in America

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0 The Agency set to launch in Miami

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The Agency, a Los Angeles-based brokerage with more than 350 agents, is opening an outpost in Miami, The Real Deal has learned. Sources familiar with the deal said the luxe brokerage will open an office in the coastal city later this year, bringing its total number of offices up to 20. Mauricio Umansky, Billy Rose and Blair Chang founded the Beverly Hills-based firm in 2011. Since then, the company has been on an expansion tear, […]

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0 Apple is grinding higher ahead of earnings (AAPL)

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Tim Cook

  • Apple is set to report its third-quarter earnings after the closing bell Tuesday.
  • Analyst expect the company to post earnings of $2.16 a share on revenue of $53.31 billion.
  • Shares opened up roughly 0.4% Tuesday ahead of the earnings report.
  • Follow Apple's stock price in real-time here. 

Shares of Apple are rising, up about 0.4% in early trading Tuesday, ahead of the company’s third-quarter earnings report after the closing bell.

Analysts polled by Bloomberg expect the tech giant to post earnings of $2.16 per share on revenue of $53.31 billion. But at least one analyst warns this quarter will take a back seat to more important upcoming quarters.

"This quarter takes a back seat to the "main event" which is all about the FY19 underlying iPhone demand picture and ramping services business which remains a key incremental growth driver for Cook & Co. for the coming years," Daniel Ives, head of technology research at GBH insights, said in a note to clients. He has a $200 price target for Apple.

"We believe 350 million iPhones are in the "window of opportunity" to upgrade over the next 12 to 18 months with Apple needing to capture a majority of these units as part of this upgrade cycle to make a clearly successful iPhone product cycle in 2019 and lay the groundwork for future services/software growth and steady iPhone demand over the coming years."

Ives expects three new iPhones to be released in the next three to six months, which should "capture the underlying demand/upgrades among customers that have decided to bypass the 8/8+/X cycle this past time around, with price points and features that catalyze fence sitting iPhone customers onto their next smartphone."

Apple Services — one of the company's fastest-growing revenue streams from things like the App Stores and Apple Music — could fuel growth in the third quarter without headline-making iPhone releases.

"We believe Apple’s strong software capabilities, expanding services business and unique digital ecosystem at large are increasingly being appreciated by the market," analyst Brian White of Monness, Crespi, Hardt & Co., said ahead of the report.

"Despite this improved sentiment, we believe Apple remains one of the most underappreciated stocks in the world with a valuation that remains depressed.''

Apple is the last tech giant in the so-called FAANG basket of mega-cap stocks to report earnings this quarter. So far, its peers have largely disappointed the market, with Netflix and Facebook sinking after earnings reports that missed Wall Street expectations.

Shares of Apple are up 10.6% this year.

Apple stock price earnings

SEE ALSO: Trade war and iPhone sales: What to watch for in Apple earnings

Join the conversation about this story »

NOW WATCH: INSIDE WEST POINT: What it’s really like for new Army cadets on their first day

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0 Mars will come closer to Earth tonight than it has been in 15 years — here's how to see it

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mars whole planet globe map space nasa

  • Mars will be at its closest point to our planet in 15 years tonight, making for some prime nighttime viewing.
  • That's because of a phenomenon called perihelic opposition, in which Earth's and Mars' orbits align, bringing the two planets closer together. 
  • Perihelic opposition only occurs once every 15 to 17 years, so look up and find the red planet in the sky. 

Mars will look brighter in the night sky tonight than it has appeared in 15 years.

That's because the red planet will be at its closest point to Earth since 2003 — 35.8 million miles away, according to The Weather Channel — as our planet passes between Mars and the sun.

The reason for this is a phenomenon called perihelic opposition. In simple terms, opposition is when Earth passes directly between Mars and the sun. In May, Jupiter was in opposition to our planet, swinging within 409 million miles of Earth. 

Mars opposition happens every two years or so — the last one came in May 2016. But this year is special because within a few days of the opposition — which occurred on July 27 — the red planet will also hit the closest point to the sun in its orbit, a point called the perihelion.

Perihelic opposition occurs only once every 15 to 17 years, when Earth's and Mars' orbits align to bring the two planets close together, according to NASA

But while Mars may look bright and beautiful from your backyard, the reality on the planet is much less friendly. A planet-encircling dust storm — which started in June — is still walloping Mars. 

The dust storm appears to be starting to die down, but the dust may not settle for weeks. 

The image below shows a series of pictures that NASA simulated from the perspective of its 15-year-old, solar-powered Opportunity rover in June, before the rover went into sleep mode to ride out the storm. They give a sense of what the sun and sky looked like from Mars' surface — at the brightest time of the day — as the storm worsened. In the far-right picture, the sun is entirely blotted out to Opportunity.

martian dust storm sun obscure block mars opportunity rover nasa jpl pia22521 16

Last week, NASA's Jet Propulsion Laboratory released this update about Opportunity: "It could still be weeks, or even months, before skies are clear enough for NASA's Opportunity rover to recharge its batteries and phone home.  The last signal received from the rover was on June 10."

NASA's newer Curiosity rover runs on nuclear power, so it seems to be doing alright despite the storm.

In fact, Curiosity is giving scientists a peek into the mechanics of Martian dust storms, and scientists hope to use that data to figure out why some Martian dust storms fizzle out, while others last for months and cover the whole planet.

SEE ALSO: A dust storm large enough to cover North America and Russia is engulfing Mars — and NASA images reveal how bleak the situation is

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NOW WATCH: What it's like to pretend to live on Mars for 8 months

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0 On August 1, we'll have consumed more resources than the Earth can regenerate in a year — here's how you can reduce your ecological footprint

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Earth Overshoot Day

 

  • Earth Overshoot Day is the day each year when humans have consumed a year’s worth of the planet’s natural resources. In 2018, it falls on August 1.
  • The Country Overshoot Day for the US is much earlier: March 15, 2018. If everyone lived like US residents, we would need five earths to meet our annual consumption.
  • Want to reduce your ecological footprint? Changing the way you get around and the food you eat can have the biggest impact.

 

The Global Footprint Network, an international nonprofit, takes a number of factors into consideration when it calculates Earth Overshoot Day, including the earth’s capacity to sequester carbon and how much food and other natural resources can grow in one year.

Earth Overshoot Day is like a report card. Are we using our natural resources wisely and sustainably? At the moment, not so much. In 2018, it would take 1.7 earths to replenish the natural resources we will collectively use up as a planet. Unfortunately, we only have one.

By August 1, 2018, we will have consumed a whole year’s worth of the planet’s bounty. Starting August 2, we begin to drain the earth’s savings account. We can only deplete our natural resources for so long before the reserves are gone.

Earth Overshoot Day

United States Overshoot Day

If you live in the United States, you may consume more than your share of natural resources. According to 2017 Global Footprint Network data reported by the World Wildlife Fund, the US is a close second to Australia in being a resource hog.

The WWF report shows that it would take five planet earths to support humanity for a year if everyone lived the way Americans do. Country Overshoot Day for the US came less than a quarter of the way through the year — on March 15, in 2018.

Earth Overshoot Day

Reversing the trend

Earth Overshoot Day has come earlier and earlier over time, as the global population grows and we consume more resources. In 1970, humans didn’t use up more resources than the earth could renew until late December. By 1997, the overshoot date had moved back to late September.

The good news is that the date has not moved much since 2011, despite population growth. This is an encouraging sign that we can reverse the trend. The experts at Earth Overshoot Day have lots of ideas how you can make a difference.

earth overshoot day

4 things you can do to #MoveTheDate

What change can you make to reduce your ecological footprint? Take the quiz to find out your footprint, then take some steps to make it smaller.

1. Take the carbon out of your commute

More than a quarter of US greenhouse gas emissions come from transportation, according to the EPA. If you live close to work or work from home, that’s a fantastic way to reduce your ecological footprint.

But even if you have to go into work every day, you can green your commute. For a zero-carbon commute, switch from four wheels to two and go by bike. If pedaling is not your thing, try a train, a bus, or carpooling with coworkers. If you drive with even one other person, you’re both cutting your commuting carbon emissions in half.

2. Strive for zero waste

One of the ways we put stress on the Earth and its resources is the amount of stuff we buy and then waste. You can take out the trash, but ultimately, it’s never really gone. Can you be more like Tippi Thole, who reduced the weekly trash she and her son generated to almost nothing? If you’re up for a challenge, try for Zero Waste.

3. Eat less meat and more veggies

A significant amount of our ecological footprint comes from the food we eat. Livestock-related activity uses more global land surface than anything else, and accounts for 14.5% of the greenhouse gas emissions produced by humans, according to the UN.

If you are serious about treading lightly on the earth but aren’t able to give up driving, moving to a more plant-based diet is a great step. You don’t have to be all or nothing; start with Meatless Monday and find more yummy vegetarian recipes here.

4. Tread lightly when you travel

You might commute every day by bicycle and eat only fresh veggies from your garden, but a few long plane trips a year can really add to your ecological footprint. To reduce the damage, choose a more fuel-efficient airline when you book a flight.

Then follow the Global Footprint Network’s tips to have an eco-conscious vacation once you arrive, including not renting a car and eating foods that are local to your destination.

SEE ALSO: Earth Overshoot Day 2018 is August 1

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NOW WATCH: London's riverside pods have been revamped for summer — and they received 9,000 bookings in a single day

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0 Chipotle is giving away free guacamole. Here's how to get some. (CMG)

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chipotle guac serving scooping

  • Chipotle is giving away free guacamole on Tuesday, July 31.
  • To be eligible, customers need to order a meal online or via the app. The guacamole comes as a free-of-charge add-on to the meal or as a separate portion with chips. 
  • The burrito chain is turning to technology to boost sales. 

Chipotle is giving away free guacamole in honor of National Avocado Day on Tuesday, July 31.

The burrito chain announced that any customers who order a meal via the app or online on Tuesday will be eligible to receive free guacamole either as an add-on to their meal or as a separate portion of guacamole and chips.

Customers also need to enter the coupon code "AVOCADO" at checkout to redeem the deal. 

Chipotle is one of several fast-food chains that are offering deals and slashing prices in an effort to win over customers. McDonald's announced earlier this month that it would offer free fries to customers every Friday for the rest of the year when they spend $1 or more on the app.

These deals are also a way to draw customers in to the chains' mobile-ordering services. 

While mobile ordering has been available at Chipotle for a while, it is known to be a time-intensive and confusing process.

Earlier this month, Business Insider interviewed Chipotle's chief digital and information officer, Curt Garner, who said the company is doubling down on its efforts to streamline the process by improving signage, adding a second line specifically for mobile ordering, and testing pick-up shelves. 

Wait time has been cut down from around 45 minutes to 12 minutes, and mobile orders now account for 8.8% of the chain's sales, according to the company.

Delivery has also become a big priority for the company since it partnered with DoorDash in April. By early May, the company said that delivery orders had increased 667%

Chipotle also started testing drive-thrus at a selection of restaurants earlier this year. Instead of ordering at the window, customers need to order ahead via the Chipotle app or on an online form.

SEE ALSO: We visited the Chipotle of the future. Here's what it's like.

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NOW WATCH: How Tabasco sauce is made

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0 Hotels take longer to build than other property type — soon it may take longer

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Hotel construction experienced a remarkable boom in the mid-2010s, with ripple effects that are still felt to this day. As it turns out, building a new hotel is also a more time-consuming enterprise than building any other property type — at least according to the numbers. An analysis of construction times over the last 20 years by The Real Deal has found that the average hotel already takes nearly a year longer to complete than […]

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0 How a Wall Street chief strategist's Costco shopping experience explains the biggest misconception about global trade

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David Kelly, Chief Global Strategist of JPMorgan Asset Management, explains why the US trade deficit with China doesn't matter. Kelly explains that he runs a trade deficit with Costco and many other retailers. What does matter is whether you run a trade deficit overall. He says the cause for the US trade deficit is the country's budget deficit. Following is a transcript of the video. 

Sara Silverstein: So everybody's talking about trade wars and trade deficits. What do people get wrong about trade deficits?

Costco employee carts

David Kelly: I wrote a piece actually, on my LinkedIn blog a few weeks ago called "My Trade Deficit with Costco" and I think it's a good way of looking at this. I run a trade deficit with Costco. I buy a lot of their stuff, they don't seem to want to buy what I have to sell, which is basically investment insight, but I run a trade deficit with almost everybody. I run a trade deficit with Whole Foods. I run a trade deficit with CVS. The only people that I run a trade surplus with are JPMorgan Chase, my employer, but that's actually okay because overall, I run a trade surplus, and I don't really care who I run the trade deficit with. So I think that's the first thing.

We focus on, "We've got a real problem with China," or "We've got a problem with Germany." It doesn't matter, so long as, overall, we run a trade surplus, we wouldn't have a problem. But of course, we don't. But then that gets to the second point. Why do I run a trade deficit with Costco? Or why do people get into problems in which they're buying a lot of things from one group and not selling them? It's because I overspent. And as a nation, we overspend.

The reason we have a trade deficit is actually because we have a budget deficit. If you think about it this way, you've got the private sector, you've got the public sector, you got trade. If the private sector more or less pays its way, if we fund our investment through our savings, but if the government runs a big budget deficit, if it spends a whole pile more than it's taking in taxes, then we, as a nation, will live beyond our means. I think this is so important. It's not a matter of tariffs, it's not a matter of the dollar. If we run a big budget deficit, if we continue to buy more stuff — the government does and it takes it in taxes — we will run a trade deficit. So if we want to fix our trade problem, we got to start by fixing the budget deficit.

Silverstein: And to take your analogy further, when is it okay to run a budget deficit or a trade deficit as an individual, or a nation?

Kelly: It's actually a very good point, because now, I suppose, I do overall run a trade surplus, and that's good. But 20 or 30 years ago when I was a younger man I actually ran a trade deficit. I was borrowing money every year just to fund my expeditions to Costco, because I wasn't getting paid enough. But that's okay, because I knew that over time, I'd get paid more. And that's actually true for — for example, emerging market economies. It's okay for them to borrow a whole pile of money to grow their economies because they're young, they've got plenty of room to grow. We are an old, mature economy. Our economic growth is going to be about 2% in the long run. In this kind of economy, and with so many people retiring, we actually should be running a budget surplus and a trade surplus. We should be storing up money to pay for our retirement, and of course, we're doing exactly the opposite.

WATCH THE FULL INTERVIEW HERE: What people are missing when it comes to trade, stocks, and the market's favorite recession signal

This video was originally published on July 27, 2018

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0 Kim Kardashian says Kanye West still supports Donald Trump

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kim kardashian

  • During a Monday night appearance on Jimmy Kimmel Live, Kim Kardashian West said her husband Kanye West still supports Donald Trump.
  • Although she said they don't really talk much about politics, she knows her husband's mind hasn't changed since his pro-Trump tweets back in April.
  • But Kardashian West said that West values Trump's persona more than his politics. "He doesn't necessarily agree with the policies," she said. "He likes his personality and how he made it to president when everyone really underestimated him."
  • She added that West doesn't really follow the news. "He's not political, he doesn't really dig deep into what's going on," she said.
  • Also in the interview, Kardashian West spoke at length about working with Trump to grant clemency to Alice Johnson.
  • Watch the full interview below.

For more great stories, head to INSIDER's homepage.

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0 INSIDER is hiring a lifestyle reporter

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Insider Inc NYC

INSIDER is hiring a lifestyle reporter for its website.

The ideal candidate is a clear writer who is obsessed with all things related to lifestyle, including food, travel, celebrities, entertainment, health, and more.

This person is a strong and versatile writer who will specialize in general interest slideshows and visual features. Expect to write about everything from what celebrities look like without makeup to optical illusions that stumped the internet to the rudest cities in America or even cute dog illustrations. Writers are also encouraged to try new things like eating like a celebrity or tasting different types of wine, and write about it.

From quick posts and viral news to longer, more in-depth, research-based slideshows, we want someone with a knack for innovative story ideas and unique angles. This job offers an opportunity to someone who loves to tell stories in a fun and visual way.

The ideal candidate will have: 

  • Excellent writing and communication skills.
  • One to three years of full-time writing experience in a fast-paced work environment.
  • An obsession with all things lifestyle.
  • A strong sense of what makes a great story and tons of great ideas.
  • A journalism degree and/or background.
  • An understanding of SEO, copy-editing skills, and Photoshop experience are also a plus.

The position is full-time in our New York City headquarters. INSIDER offers competitive compensation packages complete with benefits.

APPLY HERE with a resume and cover letter explaining why this is your dream job.

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0 10 ways the the keto diet can affect your skin — for better or for worse

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bacon cooking keto diet

You may have heard a great deal about the keto diet in the news lately, especially since the diet is said to promote weight loss and have a positive impact on blood sugar and cholesterol levels.

However, you probably didn’t know that observing a low-carb and high-fat diet also has numerous effects on your skin, especially since some experts feel that the keto diet has both good and bad effects worth looking out for.

To break down all the impacts ketogenic diets have on your skin, we spoke two dermatologists and some nutritionists on the subject to see what’s worth keeping in mind if you are thinking about trying the keto diet yourself.

Below is some helpful information to jot down but you should always discuss any dietary changes with a medical professional.

The high oil content in the keto diet may help skin glow.

"High oil content in the diet can make the skin look dewy and healthy, as more oil is released onto the skin by the oil glands," said board-certified dermatologist Dr. Anna Guanche, MD.

 



Too much fat from the keto diet can cause breakouts.

"Because this diet is high in fat, it increases the production of sebum on your skin," said board-certified dermatologist Dr. Debra Jaliman. "This overproduction of sebum may lead to acne," she added.



Big changes of diet can lead to inflammation.

"Whenever you drastically throw off the percentages of fats, carbs, and proteins, you can cause havoc on your skin bringing on inflammation," added Dr. Jaliman.  Diets high in fat may increase inflammation in the body, she said, and this may bring on skin conditions such as acne and other inflammatory conditions such as psoriasis.



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0 INSIDER is hiring a paid lifestyle intern

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Insider Inc NYC

INSIDER is looking for a paid editorial intern to cover lifestyle from our New York office. 

The ideal candidate is a clear writer who is obsessed with all things related to lifestyle, including food, travel, celebrities, entertainment, health, and more.

This person is a strong and versatile writer who will specialize in general interest slideshows and visual features. Expect to write about everything from what celebrities look like without makeup to optical illusions that stumped the internet to the rudest cities in America. Writers are also encouraged to try new things, like eating like a celebrity or tasting different types of wine, and write about it.

This job offers an opportunity to someone who loves to tell stories in a fun and visual way.

We're looking for the following:

  • Excellent writing skills.

  • Passion for and familiarity with a range of lifestyle subjects, including celebrities and entertainment; optical illusions, brain teasers and Photoshop scandals; health and fitness; food; travel; relationships and general wellness; and more.

  • Ability to be creative and package stories in exciting ways, and work at a fast pace.

  • A journalism background.

Our interns are an integral part of our team. We seek out self-starters and people who are enthusiastic about collaborating with reporters, producers, social media editors, and other team members.

Internships run for six months out of our New York office, and interns work 40 hours per week. 

If this sounds like your dream job, APPLY HERE with a cover letter and resume. 

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0 Scientists spot rare dolphin hybrid

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Hawaii Dolphin Hybrid

Scientists are touting the first sighting of a hybrid between a melon-headed whale and a rough-toothed dolphin in the ocean off Hawaii. But don't call it a "wholphin," they say.

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0 NASA asked experts to design human habitats for future manned missions to Mars — here are the winning designs

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0 8 excellent movies not on Netflix that you can rent for under $3

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frozen

If you're like us, it can be frustrating when the movie you want to see isn't available on Netflix or another streaming service you subscribe to.

Then you have to wade into the world of rentals and decide whether it's worth the extra money to watch.

Many of us just default to whatever our go-to rental service is, be it iTunes or Amazon or something else.

But there can actually be some variation in the price of rentals.

One service in particular you might not know about is FandangoNOW, the streaming service from movie ticketing site Fandango, which owns Rotten Tomatoes. The company has begun a monthly highlight of titles in its library that only cost $2.99 to rent ($2.49 if you don't care to watch it in HD) and are rated fresh on Rotten Tomatoes.

The site passed its August list to Business Insider early.

Here are 8 titles that we think are worth your time, including greats like "Frozen" and "The Hunger Games," that are cheaper on FandangoNOW than on iTunes or Amazon.    

SEE ALSO: All the TV shows that have been canceled recently

“Avatar” (2009)

If you are really starving for those countless "Avatar" sequels, bide your time by going back and watching James Cameron's original.



“Bridesmaids” (2011)

This comedy from Paul Feig never gets old. The whole cast is incredible, but it's Melissa McCarthy who is the standout and really makes the movie into an instant classic.



“Captain America: The Winter Soldier” (2014)

Here we learn what has happened to Cap's best friend Bucky Barnes, which is just one of the many things Steve Rogers has to wrap his head around as he tries to cope with living in the future.



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0 I tried the two Chinese bike-sharing giants trying to take over the world, and it was immediately obvious why they can't seem to crack the US

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china bike graveyard

  • One of the hottest sectors of Chinese tech is "dockless-bike sharing." The two primary companies, Mobike and Ofo, have expanded aggressively in recent years across the world.
  • Both companies have faced unforeseen challenges upon trying to enter the US market.
  • While in China, I got a chance to use Mobike and Ofo extensively and it became apparent to me why the companies are having such trouble.
  • Both companies rely on dense urban areas and heavy ridership to stay profitable, their bikes are uncomfortable to ride for anything more than a 5-10 minute ride making them unsuitable for more spread-out US cities, and Americans are much less likely to tolerate having bicycles resting on sidewalks and alleyways, which is necessary to make the service convenient.

Over the last years, one of the hottest sectors of Chinese tech has been "dockless-bike sharing" startups. Billed as a kind of Uber-for-bikes, the companies allow users to rent GPS-enabled bikes with their smartphones for a few cents per ride, and then park them wherever when they are done.

A fierce bicycle-sharing war has ensued over the years. The streets of Chinese streets are littered with the bicycles of other startups trying to cash in. In total, Time reports that there are around 60 companies putting between 16-18 million bicycles on Chinese streets.

The top two companies, Mobike and Ofo, handled more than 50 million rides per day in 2017, according to the New York Times

Entrenched in a fierce tech war, Mobike and Ofo began expanding globally last year to bring bike-sharing to the rest of the world and escape China's crowded bicycle-sharing market. 

By mid-2018, Mobike has expanded to 15 countries and 200 cities while Ofo has expanded to 20 countries and 250 cities. Their markets span the United Kingdom, Mexico, Australia, France, Italy, Japan, Russia, and, of course, the United States.

The expansion to the US has been fraught with problems. As of March, Mobike had launched in only 5 US cities. Meanwhile, Ofo had launched in 30 markets. But last week, both Mobike and Ofo announced that they would pull out of Washington D.C. and Ofo announced that it would shut most US operations so it could "prioritize growth in viable markets."

On a recent trip to China this past spring, I got a chance to use Mobike and Ofo extensively. It became apparent to me why bike-sharing, at least as it exists in China, won't work in the US.

Here's what it's like to ride Mobike and Ofo:

SEE ALSO: I rode superfast bullet trains in China, Japan, Korea, and Russia, and one is better than the rest

DON'T MISS: One of the best airlines in the world is one you've probably never heard of — here's what it's like to fly Air Astana

Mobike and Ofo handle more than 50 million rides per day in China. You can find their bikes lined up just about anywhere in a major Chinese city. This accessibility is the core sell-point for the bikes. Rather than walk the half-mile from the metro station to the office, just bike.

 

 

 

 

 

 

 



It works incredibly well in China, where metros are convenient, but are generally not extensive enough to reach all parts of a city. In my six weeks in China, I found that I was constantly getting off the metro in Beijing, Shanghai, Shenzhen, or elsewhere to find that I was about a 15-minute walk from my destination. Perfect for a Mobike or an Ofo.



But that kind of accessibility and convenience requires two things: a huge fleet of bikes and a huge workforce to spread the bikes to the most needed areas. It works in China because there is a large, cheap labor force and an absolutely massive urban population that likes riding bikes. China has 100 cities with a population over 1 million and is expected to have 221 cities of that size by 2025. The US currently has 10.

Source: WEForum



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0 Serena Williams inspires her Reddit co-founder husband's career in tech — and he says his marriage is 'a front row seat to greatness'

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Serena Williams and Alexis Ohanian

  • Alexis Ohanian, the Reddit co-founder, always assumed he was the hardest-working person he knew.
  • But he realised how wrong he was when he met Serena Williams, who has inspired his own career in tech and in business.
  • Ohanian said being married to Williams is like having "a front row seat to greatness."

 

Being married to 23-time Grand Slam tennis champion Serena Williams is like a "front row seat to greatness," according to her husband Alexis Ohanian.

Ohanian, an internet entrepreneur, said in an interview with Fox Business that he always presumed "tech was the hardest working industry."

But, after speaking with Williams, Ohanian quickly changed his mind.

"I really thought I was like the hardest working person I knew," he said. "I thought tech was the hardest working industry. Our businesses are open 24/7 and, of course, we’re always working and grinding. But then I started talking to her and then realised, very quickly, just how wrong I was."

Ohanian co-founded the news website Reddit in 2005 and became a multi-millionaire aged 23 when he sold it 16 months later. He met Williams at a cafe in Italy in 2015 and improved the tennis ace's website with a superior "tech strategy" while also helping secure "deal flows with sponsorships and investments."

The pair got married in 2017 and Ohanian said Williams has inspired him in business.

"It's a front row seat to greatness and that is what I’m working towards in my own career," he said.

Ohanian and Williams had a daughter, Alexis Olympia Ohanian Jr., in September last year. Since then, Williams has returned to tennis and almost captured her first major since being a mom, what would have been her 24th Grand Slam title, when she reached the 2018 Wimbledon Championships final — but she missed out to Angelique Kerber.

Ohanian co-founded Initialized Capital in 2010, is an Open Internet activist (an advocate for net neutrality), and is widely regarded as "one of the most creative people in business."

SEE ALSO: Serena Williams' Reddit-cofounder husband put all others to shame by installing 4 giant billboards in California saying she's the 'greatest momma of all time'

DON'T MISS: Serena Williams missed her daughter's first steps because she was training for Wimbledon: 'I cried'

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0 13 red flags to look out for when signing a lease

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Foyer Entryway Home ApartmentBrowsing for a new place to live can be difficult. Bed bugs, weak shower pressure, and spotty Wi-Fi can all be horrible surprises, but nothing compares to finding out your entire leasing experience was a scam. Westchester County realtor and commercial and residential landlord, Al Vanacoro talked to INSIDER about potential red flags that suggest your new lease is less than legit.

Cash is being demanded.

If you’re being asked to wire money or pay in cash, that’s a huge red flag, said Vanacoro. Any cash that you’d give to a legitimate company would be checked for counterfeit currency, so no one would want this extra step. Paying in cash removes a paper trail, which is exactly what a scammer would want.



There’s no additional form of contact.

Vanacoro warned about how easy it is to search for an apartment listing, take the key from the concierge to pose as the realtor, and give possible tenants a tour, all without ever having contact with the legitimate realtor. Make sure the person showing you the apartment is part of the organization that put it on the market. If you’re dealing with a listing agent who doesn’t have an office phone number, an office email account, or any other person they can refer you to, it’s possible they’re operating alone.



They won’t let you meet anyone else.

Ask to meet your landlord. Ask to speak to someone from management. If they won’t let you meet a second person, it’s possible a second person doesn’t exist.



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0 The CEO of PayPal takes his best career advice from martial arts, and it hasn't let him down yet (PYPL)

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Dan Schulman KravMaga

  • PayPal President and CEO Dan Schulman has been practicing the Israeli martial art of Krav Maga since he was  a teenager.
  • His experience with it has shaped the way he approaches business and life.
  • In an interview with The New York Times, Schulman said that Krav Maga taught him how to pick his battles, and that it's important to always stay moving.

PayPal President and CEO Dan Schulman has learned a lot from martial arts.

"I've done martial arts almost all my life, and that's informed not just fighting skills but living skills as well," Schulman told Business Insider on a 2017 episode of our podcast, This is Success. "It's been an important part of how I think about both living in general and work, and it informs my philosophy there."

In a July interview with The New York Times' David Gelles, Schulman spoke more about his wide-ranging career and some of the lessons he's learned from practicing the Israeli martial art of Krav Maga.

Schulman told Gelles that he began learning the martial art while spending time in Israel as a teenager, and that while the notoriously physical practice has left him with plenty of scars, the most important lesson he's learned from Krav Maga is how to pick his battles.

Schulman told Gelles (emphasis ours):

"... The overrunning philosophy of Krav is that the best way to win a fight is to not get into a fight. It's very Zen in that way. How do you de-escalate situations? We spend a lot of time thinking about that. It's translated into the way that I think about business as well."

Schulman has applied that mindset to PayPal's dealings with other payments companies, noting that alliances with competitors can sometimes be fruitful for companies and their customers alike.

"When we started partnering with Visa and Mastercard and JPMorgan Chase and Citi, nobody ever thought that PayPal would be allies with those companies,"Schulman told Gelles. "That would always be an uneasy friend relationship. But my view is, 'How do you give customers the choice they want, and how do you avoid fights that you don't necessarily need to be in?'" 

He told Business Insider previously: "We often say in fighting, like, conserve your resources, every punch has to have a home so don't just flail away, make sure you have a game plan. It's the same in business. But there's a lot of similarity between what we're taught in martial arts and krav maga and what we practice in business and what we practice in our lives as well."

Schulman also draws on his experiences with Krav Maga in charting out his own career path and being open to taking on new opportunities.

In response to a question from Gelles about his decision to leave AT&T for a stint at Priceline, Schulman said, "I was president of the consumer division at age 39 or so. But my view was not so much that leaving was a risk. I actually thought it's more risky to stand still. There's a philosophy in martial arts which is, 'Never stand still.' Standing still is asking to be hit. You always have to be willing to take some risks going forward. You can't stand still."

He told Business Insider previously that the same philosophy applies to his business decisions."If you're engaged in a competitive battlefield like we all are in business to some extent, even if things are going well, you can't stand still because that's just asking to be hit," he said. "You constantly need to be innovating, you constantly need to be thinking one or two steps ahead. You need to trust your intuition, not overthink things as well, and so there's a lot of just Zen that comes with martial arts."

Check out the full interview at The New York Times »

SEE ALSO: The 34 most dangerous jobs in America

DON'T MISS: 16 of the biggest leaders in Silicon Valley reveal the one thing they would tell their teenage selves

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0 Trade war and iPhone sales: What to watch for in Apple earnings (AAPL)

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Tim Cook Sun Valley

  • Apple reports its June quarter earnings on Tuesday.
  • Apple's 3rd fiscal quarter is its slowest both in terms of revenue and iPhone sales. 
  • But there are still a lot of important details and hints about the future that investors and analysts will be watching closely. 

Apple has a chance to give investors another reason to keep Apple's bullish streak going when it reports earnings after markets close on Tuesday. Apple shares are up 15% in the past three months, buoyed by a massive capital return program announced in April. 

In its fiscal 3rd quarter earnings, which cover the three months ending in June, Apple will reveal whether the iPhones it launched last September are enjoying sustained demand, or whether the more expensive $1,000 iPhone X fizzled in the slow season after last year's all-important holiday quarter. Generally, Apple's spring quarter is its slowest both in terms of revenue and iPhone sales. 

"Our checks suggest demand for iPhone 8 and 8 Plus remain seasonal while iPhone X inventory has normalized and older models continue to do well in emerging markets," Citi analyst Jim Suva wrote earlier this month.

Wall Street is looking for Apple to report revenue of $52.3 billion, up 15% year-over-year, and earnings per share of $2.16. 

But investors will also keep a close eye on commentary and details buried in the report that might suggest where Apple is going, especially this fall, when it's expected to launch new iPhones. 

Here's what Wall Street is looking for:

iPhone sales

Given that the iPhone makes up the majority of Apple's revenue, it's only logical that investors would want to know how many iPhones were shipped and the average price they were sold for.

Even a small difference in that number can change Apple's earnings from a good day to a bad day for the stock. 

Morgan Stanley's Katy Huberty, for example, is expecting Apple to say that it shipped 39.8 million iPhones in the June quarter, underneath the consensus estimate for about 41.8 million iPhones shipped. 

Apple store

Services

But increasingly, investors are looking at Apple's services — the money it makes selling subscriptions to people who own iPhones — as the primary driver of what could make Apple a more valuable company than it already is. 

"Given iPhone results matter less late in a cycle ... we expect investors to focus increasingly on Services results as a sign of whether Apple's installed base monetization efforts can drive overall company growth despite declining device revenue," Huberty wrote in a July 23 note. 

Apple defines services as revenue it gets from iCloud, Apple Music, App Store, iTunes, and AppleCare, and sometimes Apple comments on its growth, especially during slower quarters. 

"Services is an increasingly important piece of the AAPL story and a major driver of gross margins," RBC analyst Amit Daryanani wrote in a recent note. "The segment currently accounts for ~15% of revenues and is on track to become a ~$50B business by 2020."

Huberty is looking for Services to grow 32% year-over-year, which would be a big jump. 

China

Tim Cook ChinaThe Chinese market remains the area where Apple could see the greatest growth, given the country's growing middle class.

But Apple also faces intense competition from domestic makers of Android phones, as well as regulatory issues in the middle kingdom. So far, Cook and his managing director of China, Isabel Ge Mahe, have managed to successfully navigate the tricky regulatory landscape. 

"China production data (int’l down 29% in F3Q) implies Apple’s Greater China sales growth will slow from 21% in F2Q," Nomura's Jeffery Kvaal wrote. 

The upcoming cycle

Often guidance for Apple's fiscal 4th quarter will include a little bit of sales from Apple's newest phones, which are typically announced in September and go on sale shortly afterward.

However, one week of sales isn't usually enough to know whether the new product cycle is going to be a hit or not. That hasn't stopped analysts from speculating that if Apple's guidance is strong, it could be a hint that the company expects a big iPhone launch.

"While all eyes will be on Apple's will FQ4 guidance, we note that historically, revenue guidance for FY Q4 has *not* been a helpful predictor of the strength of the forthcoming cycle," Bernstein analyst Toni Sacconaghi wrote. 

Apple's passion projects

Apple is working on several new technologies that could unlock huge new markets: self-driving cars, augmented reality, and health and medicine.

All of these "special projects" and "technology investigations" are secretive. But sometimes, Apple officials during an earning call provide commentary that suggest that they see them as big projects and can guide expectations for increased revenue in the future. 

"In our opinion, revenue contribution can be significant even without Apple introducing any dedicated AR hardware," Bank of America Merrill Lynch analyst Wamsi Mohan wrote in a note. "Specifically, we estimate that AR can add $1 billion revenue by end of fiscal 2020 from App Store downloads alone."

If Apple's data privacy policies are showing up on the bottom line

Apple has made data privacy a key marketing and engineering priority for the company, and it started to pay off earlier this year when Facebook came under fire for allowing companies like Cambridge Analytica to access people's data. 

CEO Tim Cook even took a few barely veiled shots at Facebook. 

So some analysts, like D.A. Davidston analyst Tom Forte, are looking for "comments by management on the importance of data privacy and its efforts to address that in the updated versions of its operating systems."

The trade war

Tim Cook Donald TrumpReuters reported earlier this month that Apple's Apple Watch may be affected by tariffs proposed by the Trump administration. 

This could lead to an increase in the price of the Watch or a decrease in Apple's margins.

Analysts will be watching to see if Apple leadership provides any commentary on how the simmering trade war could affect any Apple products. 

"If there were any incremental tariffs invoked, we believe Apple would pass that cost to consumers and our view is any price increase is not a positive for demand," Citi's Suva wrote.

"We also note iPhone is not in the July 2018 tariff list for 818 goods," he continued.

How Siri fits into the company 

Earlier this month, Apple announced that it had consolidated its Siri department under one head: John Giannandrea, which the iPhone giant hired away from Google earlier this year. 

This could signal a bigger emphasis on Siri and artificial intelligence in general at the company.

Commentary from Cook or CFO Luca Maestri could clarify the reasoning and hopes for the personnel change. 

"While we still see Apple playing catch up with Amazon’s Alexa and Google’s digital assistant, we are encouraged by the April 2018 addition of John Giannandrea (Google’s former chief of search and AI) to bolster Siri," Forte, the Davidson analyst, wrote. 

Any sign people are hanging onto their iPhones longer 

One bear case for Apple is that people replace their iPhones less often as the technology gets more mature. The closer replacement rates edge to three years instead of two years, the stronger the case gets. 

"iPhone replacement rates have normalized over the past few years in the 2.5-year range after being as low as 2.2 years on the iPhone 6 cycle," BMO Capital Markets analyst Tim Long wrote. "We believe there could be further lengthening if the new product cycle is not compelling."

SEE ALSO: It sounds like Apple is going to launch a ton of new stuff this fall — including a cult favorite fans have been waiting years for

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0 9 household items you shouldn't bother buying new

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woman laptop

There are some items, like mattresses, couches, and other fabric-covered furniture that you might insist on buying new for hygienic reasons. If you have to splurge on one of these, you can make up for it by buying plenty of other items secondhand.

Especially if you live in a city, checking online marketplaces near the end of the month when people are moving is a great idea. You’ll probably find not only bargains but also people giving away the following items for free.

A bed frame is sturdy enough to stand the test of time.

It’s pretty hard to damage a bed frame, which makes this item one of the best things to buy secondhand.



Mirrors are pricey firsthand, but also widely available on secondhand sites.

When people are moving all their belongings from one apartment to the next, a mirror is one of the last things they’ll want to deal with. Mirrors are fragile, so jamming one into the back of a U-Haul can be dicey. This is why, if you check your favorite online marketplace, you’ll probably find one for cheap.

And, as this mind-blowing Reddit post pointed out, technically pretty much every mirror you'd buy would be "used" anyway. Think about that one. 



Plenty of people buy espresso machines, use them once, and want to offload them.

Espresso is one of those things that people try to “get into,” then lose interest in after a couple of weeks. This makes espresso machines the perfect candidate for buying used — many of them will have barely been touched before their owners give up and put them for sale online.

You can buy refurbished espresso machines from many dealers, too, knocking hundreds of dollars off the price. Whole latte love has some great tips on doing so here



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