Apple will tell the world the final details of the Apple Watch on March 9.

So, what are people expecting?

On this week's Jay and Farhad show, Business Insider's Jay Yarow and Steve Kovach (who's filling in for New York Times columnist Farhad Manjoo), discuss what they want to hear from Apple about the Apple Watch.

Plus, Steve goes over what he saw at the Mobile World Congress show in Barcelona last week.

Enjoy!

SEE ALSO: The biggest question Apple has to answer about the Apple Watch

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NOW WATCH: Here's How The Apple Watch Works

As the number of Chinese students in U.S. colleges outpaces that of any other country, the journey to get into an elite American university has only gotten more cutthroat and students are rising to the challenge in strange ways.

Think: Scalping tickets for tests, making up exotic adventures, and getting tutored at 1:00 am. 

China is already known for one rigorous exam that students spend years preparing for – the gaokao. The determining factor in a high school student's college placement, the gaokao is the cause of pressure, stress, and occasionally cheating among test takers.

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NOW WATCH: This is what separates the Excel masters from the wannabes

Vince Vaughn's latest comedy bombed hard at the box office opening weekend.

"Unfinished Business," about a small-business owner (Vaughn) trying to land a big deal mixed in with hijinks across Europe, debuted to $4.8 million at theaters.

Analysts expected the film to tank, making between $5 million and $6 million upon debut.

The film received terrible reviews  for being downright unfunny and unfocused.

The movie had a reported $35 million production budget.

"Unfinished Business" is the actors latest comedic bomb at the box office.

After a string of big hits through 2009, Vaughn's last four films have flopped upon entry. 

Here's a quick look back at Vaughn's wide releases since 2005's "Wedding Crashers" with Owen Wilson:

Unless Vaughn's with another leading star — Jennifer Aniston in "The Break-Up" or Reese Witherspoon in "Four Christmases"— he doesn't bring a big audience on his own.

The 44-year-old actor's next big role will be on season 2 of HBO's hit "True Detective" which will also star Colin Farrell and Rachel McAdams.

The role comes at a dire time when Vaughn's role as a viable standalone movie star is going to be heavily scrutinized after several flops in a row.

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NOW WATCH: This Scientology documentary made HBO hire 160 lawyers — here's the trailer

The beacon — a low-cost device that retailers can attach to store shelves or walls to communicate with customer smartphones — is coming into its own. Beacon programs are quickly moving out of beta phase and becoming an integral part of the retail industry.

Beacons can be used to power indoor maps, payments services, and location-sensitive product catalogs. There are many different beacon hardware vendors and systems — including Apple's iBeacon system — but they all share some basic characteristics. Namely, they allow retailers and event organizers to efficiently communicate indoors, without a need for GPS. 

In a new report from BI Intelligence, we gauge how far along beacons have advanced as an indoor-communication technology. Consider: 

• Beacons — low-cost devices that communicate with smartphone apps indoors — will begin exerting a significant influence on US retail sales in 2015. 
• Beacon-influenced sales volume will ramp up quickly, as many forms of in-store marketing take up the technology, including couponing. iPhone and Android smartphones are compatible with this technology. We estimate that beacon-triggered messages could directly influence up to $4.1 billion of total US store sales this year (or .1% of sales volume at top-100 retailers). That figure will grow 10X in 2016.
• Consumer app usage will help speed adoption of beacon programs. The lion's share of audience time on mobile is spent in apps. Beacon marketing requires that customers have targeted apps on their phones.
• Beacons will help offline retailers integrate their loyalty, payments, and digital-marketing programs. 

Access The Full Report By Signing Up For A Trial Subscription Today >>

In full, the report:

• Provides an explainer of how beacons work, as well as access to a supplementary FAQ 
• Shows a complete list of what factors are driving beacon adoption among retailers and shoppers
• Includes a dollar-figure market forecast of how many sales will be influenced by beacon-triggered messages this year and in 2016
• Looks at how much bigger sales influenced by beacons messages could be if retailers effectively harness the technology and convince consumers to opt-in to app-based beacon programs
• Gives detailed examples of how retailers are using beacons today, and how they might be used in the future, based on our conversations with beacon vendors

For full access to all BI Intelligence's reports, daily briefs and downloadable charts on the mobile, e-commerce and payments industries, sign up for a free trial.

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NOW WATCH: Research Reveals Why Men Cheat, And It's Not What You Think

Senator Lindsey Graham (R-South Carolina), who's considering a presidential run, told Chuck Todd on "Meet the Press" Sunday morning that he'd never sent email.

Todd was interviewing Graham about the controversy surrounding the revelation that Hillary Clinton only used a personal email account while she was Secretary of State. Graham told Todd that he wanted to know whether other Cabinet members who served when she did also had personal email addresses.

The question prompted Todd to ask Graham whether the senator had a personal email address, to which he replied, "I don't have email. You can have every email I've ever sent. I've never sent one."

Graham added, chuckling, "I don't know what that makes me." 

We reached out to Graham's office to give his staff an opportunity to elaborate on his email use. Graham, who's 59, announced in January that he's exploring a presidential run. 

In 2008, then-presidential hopeful John McCain also admitted that he never used email. This admission might have emphasized McCain's age; he was 72 at the time.

Here's a clip from Graham's interview: 

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Apple's trusted, high-end brand will give the smartwatch category immediate clout and help drive much more interest among consumers, not just among tech enthusiasts but also among those attracted to luxury goods.

The pricing, materials, and design on certain models will make the Apple Watch the first smartwatch to compete in the luxury-wristwatch category.

In a new report on the smartwatch market and the luxury wristwatch market, BI Intelligence takes a closer look at the opportunity for Apple's wearable device, how it might impact the market for luxury watches, and forecasts shipments for both Apple Watch and the broader luxury watch market over the next five years. We also examine the pricing and design strategy behind Apple Watch, the new retail distribution opportunities with this device, and the wider opportunity among tech-savvy consumers.

Access The Full Report And Data By Signing Up For A Risk-Free Trial Today >>

Here are some key points from the report:

• Smartwatches, and the Apple Watch in particular, will be the device category that drives overall growth in the wearables market over the next five years. Wearable computer shipments will grow 22% per year on average through 2020, to reach 235 million units shipped annually in that year.
• Smartwatches will grow 25% per year on average through 2020 and will make up 52% of total wearables shipments in that year.
• Fitness bands have more limited functionality and will cater to a more niche, health-focused audience.
• Apple Watch will compete not only with other smartwatches but in the traditional luxury-wristwatch category as well. We forecast 15 million Apple Watch shipments in 2015, and compound average growth of 24% per year through 2020.
• The three Apple Watch models will carry high prices compared to other smartwatches. We expect the Sport edition to cost $349. We predict the two higher-end Apple Watches — the Watch and the Watch Edition with a solid-gold body — will be priced at $549 and $2,499, respectively.
• The introduction of the Apple Watch will mark Apple's first opportunity to distribute a product through apparel and jewelry retailers, including department stores. Retail consumers will take to Apple Watch as a symbol of status and as a fashion-forward accessory, much like a traditional luxury wristwatch.
• By 2020, Apple Watch shipments will be equivalent to about two-fifths of the luxury-watch market. Assuming a lower-bound price of $350 for the luxury-watch category, and including Apple Watch in that category, traditional wristwatches would account for ~60% of total shipments in 2020, while Apple Watch would account for ~40%.

The report is full of charts and data that can be downloaded and put to use.

In full, the report:

• Forecasts the markets for wearables overall, smartwatches, and luxury wristwatches through 2020.
• Estimates Apple's tiered pricing strategy for its three Apple Watch models.
• Examines the opportunity for Apple Watch to resonate with consumers in the traditional luxury wristwatch market.
• Discusses the new retail distribution opportunities for Apple Watch through apparel and jewelry retailers, including department stores.
• Reviews proprietary consumer survey results that give insight into what consumers are looking for when choosing a smartwatch.

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NOW WATCH: 14 things you didn't know your iPhone headphones could do

These days more than ever, young people can do almost anything.

Business Insider ranked the most powerful people under 30 across all industries based on four criteria: how many people they formally command; how much they're worth; how much they have shaped the world; and how much they are likely to shape the world in the future.

It may be subjective, but power is always subjective. And everyone on this list, from celebrities to tech moguls, has it in spades.

At the top of our first annual list is 24-year-old Snapchat CEO Evan Spiegel. Although his company has only a few dozen employees, this guy has created an incredibly popular and extremely disruptive social media platform, and the sky's the limit for his company, as seen by its soaring valuation. Spiegel himself is supposedly worth near $2 billion.

28. Danielle Weisberg and Carly Zakin, cofounders of The Skimm

Keeping up with the hordes of news stories that break every day can be overwhelming, especially for the young professional on the go. Enter The Skimm, a daily email newsletter that brings easy-to-digest summaries of the day's biggest news stories straight to your inbox. And with more than a million subscribers — including Oprah — it's proven pretty effective.

Founders Weisberg and Zakin, both 28, started the service in 2012 as a way to keep busy young women informed, and it's caught on. They've recieved over $7.8 million in funding, and they plan to continue expanding the subscriber base as wide as possible.

27. Alex Banayan, venture capitalist

During his first semester at USC, Banayan became obsessed with the careers of successful people like Steve Jobs and Bill Gates. He set out to write a book on success and a year later came across Ernestine Fu — then Silicon Valley's youngest-ever venture capitalist — and sent her a cold email. Fu agreed to meet with him and set up an interview for him at Alsop Louie Partners where she worked. A few weeks later, Banayan joined Alsop Louie, becoming the youngest VC of all time at just 19 years old.

As a VC, Banayan, now 22, travels the country making pitches, attending conferences, and hosting events. He's also advised on projects for Lady Gaga and Zappos founder Tony Hsieh, according to Forbes. Banayan has written for both Tech Crunch and The Washington Post and is still working on his book about career success.

26. Veronica Roth, author

During her senior year of college, Roth, 26, a creative writing major at Northwestern, spent hours holed up in her room writing a novel instead of doing her homework. But her dedication paid off, and her book, "Divergent," a dystopian teen novel, became the first of a best-selling trilogy.

"Divergent"— along with subsequent sequels "Insurgent" and "Allegiant"— quickly became a national phenomenon, selling a combined 6.7 million copies in 2013 and nearly another 4 million in 2014, as well as spurring a series of films starring Kate Winslet and Shailene Woodley. The first film performed well at the box office, raking in $288 million worldwide, and the second is set to release this spring. 

Jeb Bush launched what appeared to be one of his first public attacks on Hillary Clinton when he told Republican donors in Iowa this weekend that the former Secretary of State has "let us down." His jabs focused on her record as secretary of state.

Since he announced his intention to consider a 2016 White House bid earlier this year, Bush's public remarks have included criticism of President Barack Obama. However, Bush has yet to voice disdain for Clinton, who is widely considered his top Democratic rival in the presidential race.

Bush's comments in Iowa criticized Clinton for her role in Obama's foreign policy strategy and her conduct at the State Department.

Bush took one of his shots at Clinton when he addressed the crowd at a fundraiser for Representative David Young (R-Iowa) at Living History Farms in Urbandale, Iowa on Friday night.

"This president is the first president, I believe, in the post World War II era that does not believe American power is a force for good in the world ... not good for us or the world, and his pullback has created uncertainty, instability and now greater risks for the homeland, " Bush said, adding, "There's a lot of things that we need to restore. This President and by the way, his former Secretary of State, have let us down in this regard."

In a separate media interview on Friday, Bush also weighed in on the scandal that erupted last week regarding Clinton's use of a personal email address to conduct official business while she was secretary of state. He criticized Clinton's actions as a "baffling" security risk.

"For security purposes, you need to be behind a firewall that recognizes the world for what it is and it's a dangerous world and security would mean that you couldn't have a private server," Bush told Radio Iowa about the news, adding, "It's a little baffling, to be honest with you, that didn't come up in Secretary Clinton's thought process."

Attacking Clinton's record at the State Department is a strategy many Republicans have indicated they will use heading into the 2016 race. In his Playbook newsletter on Monday morning, Mike Allen, noted that Joe Pounder, the president of the GOP opposition research firm America Rising, emailed reporters a Washington Post article that suggested Clinton's record at the agency could be a "liability." Along with the article, Pounder attached a note. 

"The point of this headline cannot be understated for its importance to framing the next two years," Pounder wrote. 

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NOW WATCH: This 40-year-old Indonesian is Obama's doppelgänger

Clayton Kershaw of the Los Angeles Dodgers will make $30 million this year, the first Major League Baseball player to be paid at least $30 million in a season since 2011 when Alex Rodriguez took home $32 million with the New York Yankees. But it wasn't that long ago when the highest-paid players in baseball were making a lot less.

Just 15 years ago, in 2000, the highest-paid player in MLB (Kevin Brown) was making $15.7 million, or slightly more than half of what Kershaw is making this year. Nine years before that, the largest salary in baseball was just $3.8 million.

Here is a look at how the highest salary in baseball has changed from year-to-year according to Baseball-Reference.com. The full list of players can be seen below.

 Year-by-year highest-paid player:

• 1985 (Mike Schmidt), $2.1 million
• 1986 (George Foster), $2.8 million
• 1987 (Mike Schmidt), $2.1 million
• 1988 (Ozzie Smith), $2.3 million
• 1989 (Orel Hershiser), $2.8 million
• 1990 (Robin Yount), $3.2 million
• 1991 (Daryl Strawberry), $3.8 million
• 1992 (Bobby Bonilla), $6.1 million
• 1993 (Bobby Bonilla), $6.2 million
• 1994 (Bobby Bonilla), $6.3 million
• 1995 (Cecil Fielder), $9.2 million
• 1996 (Cecil Fielder), $9.2 million
• 1997 (Albert Belle), $10.0 million
• 1998 (Gary Sheffield), $14.9 million
• 1999 (Albert Belle), $11.9 million
• 2000 (Kevin Brown), $15.7 million
• 2001 (Alex Rodriguez), $22.0 million
• 2002 (Alex Rodriguez), $22.0 million
• 2003 (Alex Rodriguez), $22.0 million
• 2004 (Manny Ramirez), $22.5 million
• 2005 (Alex Rodriguez), $26.0 million
• 2006 (Alex Rodriguez), $21.7 million
• 2007 (Jason Giambi), $23.4 million
• 2008 (Alex Rodriguez), $28.0 million
• 2009 (Alex Rodriguez), $33.0 million
• 2010 (Alex Rodriguez), $33.0 million
• 2011 (Alex Rodriguez), $32.0 million
• 2012 (Alex Rodriguez), $29.0 million
• 2013 (Alex Rodriguez), $28.0 million
• 2014 (R.Howard/C.Lee), $25.0 million
• 2015 (Clayton Kershaw), $30.0 million

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NOW WATCH: Cristiano Ronaldo, wearing a wig and glasses, surprised a young fan on the streets of Madrid

Last year was the best year for jobs growth since 1999.

On Friday, we got the latest jobs report that showed the US economy added 275,000 jobs in February, while the unemployment rate dropped to 5.5%. That marked 12 straight months of job gains above 200,000.

Over the weekend, Bloomberg Chief Economist Michael McDonough tweeted this chart showing where jobs have grown or declined over the last 10  years.

In recent months, there's been lots of talk about the payroll boom and bust in the oil and gas business, which falls under the "mining" category.

But as you can see, big shifts in demographics have fueled a secular boom in demand for health care type jobs.

After the jobs report on Friday, economists at BNP Paribas and Bank of Tokyo Mitsubishi said the economy has achieved full employment: The level at which the unemployment rate is tolerable and is mostly because workers are between jobs.

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NOW WATCH: Nationwide's Super Bowl commercial about dead children is about corporate profits ... in a way that we can all appreciate

Thomas Gilmore started budgeting the day he got out of college and took on a salaried job. 

"I basically started to see how long it would take to save for the major life goals, like buying a house, getting married, and having kids," the 26-year-old industrial engineer explains.

Gilmore, who is based in Chattanooga, Tennessee, finds the most effective budgeting strategy is looking ahead, whether that's a few months, or a few years.

"I look at, am I going to be underwater any time in the next year? Are there going to be any negative numbers for net income after savings?" he says. "If so, I have to go ahead and start cutting back on my spending or realigning my savings."

In fact, he looks ahead all the way through 2020, taking into account expected pay raises and fix costs, like his mortgage.

"I know I'm going to get at least a 3% raise every year, so I go ahead and put that out there," he explains. "That way it's a more realistic number when I look at 2020. It's hard to predict more than five years out." He projects by five years, he continues, because "you're supposed to have your five-year goals — financial, personal, and professional."

In 2014, Gilmore earned an average of $5,474 per month between his paycheck and $522 of income from renting out a room in his house.

Here are the average numbers for the categories in his 2014 budget. Note that since these numbers are averages calculated from the year as a whole, they will not equal his average pay. Gilmore gets paid weekly and budgets by week, but here he has provided monthly numbers to make his budget easier to read.

Gilmore bought a house in September of 2014 and finds that his category for furniture and home necessities — "home goods"— is one of the hardest to manage. His down payment is why the average mortgage cost is so high. His extremely low gym costs come from the fact that he started working out at home.

Right now, he's focusing on building up an emergency fund of six months of living expenses. In fact, saving is so important to him that he's already opened a 529 for any future children (while it has to be in his name for now, it's possible to transfer the funds to another beneficiary when they're born). He keeps his savings in a separate spreadsheet. Most months he contributes $100 to the 529, and between $1,000 and $1,200 to his investments, which he keeps in Vanguard index funds.

After his emergency fund is complete, he might turn his attention to his mortgage and auto loans, both of which have an interest rate of about 3%, as well as a little credit card debt still in a promotional first year and not accruing interest. He also owes some unofficial debt to a family member who lent him the money to refinish a room in his house, which he is repaying through the "Bonus Room" category. Altogether, his debts add up to about $189,000.

"I think I always feel like money is tight," he muses, "just as tight as I did two years ago when I had $10,000 less of income. Mostly, it's just because of the obligation of having a mortgage. I may not have a roommate in a year, and without that income and saving the way I am today, there's going to be a lot of red in my budget. I haven't thought of a solution for that yet — I constantly think about it."

SEE ALSO: Here's the budget of a 25-year-old who's better with money than many people twice his age

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NOW WATCH: 14 things you didn't know your iPhone headphones could do

We're at the Yerba Buena Center for the Arts in San Francisco today for Apple's big press event, where everybody expects the company to formally unveil the Apple Watch.

The watch is Apple's first major new product line since the iPad in 2010, and the first with Tim Cook as CEO, so it's an important day for the company.

We expect to get a demo of a lot more features than Apple was able to show last fall when it first announced the Watch, and hear about pricing and availability.

But most important, we'll be looking for Apple to present a clear reason why people should buy one of these things. When the iPhone was introduced in 2007, it was the first phone with a really usable web browser. When the iPad came out in 2010, it was a simpler, cheaper, lightweight PC replacement.

We don't yet have a clear sense of what Apple wants the Watch to be. But we'll find out today.

Apple might also announce some other products, like updates to the MacBook and MacBook Air, as well.

Check back here throughout the morning as we update this post with pictures from the event. The presentation starts at 10 a.m. local time, 1 p.m. ET, and we'll cover every minute of it right here. Refresh often.

Until then, here are some stories on the watch:

• Apple has invented a new kind of gold for the watch
• Apple is now a luxury company. Or, at least that's what it wants you to think.
• Tim Cook made a joke on Twitter
• Here's what could go wrong with the Apple Watch
• The biggest question about the Apple Watch

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What's the first thing you do immediately following a workout? Saunter up to the juice bar and crush a protein shake, right? You may want to reconsider.

Registered dietitian, exercise physiologist and host of SiriusXM's Doctor Radio, Samantha Heller breaks down the best times to reach for the the protein and discusses popular brand Muscle Milk.  

When asked for comment, CytoSport, the maker of Muscle Milk, responded with the following:

"When she refers to 310 calories and 32 grams protein, she is referencing the serving size we recommend for “individuals looking to build size and gain muscle mass”. We recommend a serving size that provides 150 calories and 16 grams of protein for those wanting “fewer calories.”

The particular smoothie she mentions that includes 6 oz non-fat Greek yogurt, medium banana, 1 tablespoon of honey and 1 tablespoon of ground flax seed would provide 310 calories, 20 grams protein, 52 grams carbohydrate (with 37 grams sugar).

Examples of activities that consume approximately 300 calories for a 160 lb individual: 1 hour leisurely biking; 1 hour of resistance training; ½ hour of running moderately (5 mph); 45 minutes swimming laps leisurely; and 1 hour walking (3.5mph).

Muscle Milk products are designed to provide high quality milk protein in a form that is great tasting and convenient and without a lot of sugar or carbs (that is why we use artificial sweeteners) for active individuals.

Acesulfame Potassium is an artificial sweetener that is 200 times sweeter than sugar so a little provides great sweetness without adding calories/carbohydrates (this is the benefit of artificial sweeteners –also called “low calorie sweeteners”).

Acesulfame potassium was approved by FDA in 1988 (so has been in use for more than 25 years); approved by Joint Expert Committee on Food Additives of the United Nations, World Health Organization and European Union’s Scientific Community on Food.

We know some people want to avoid artificial sweeteners so we make products for them – Muscle Milk Organic and Muscle Milk Naturals (both sweetened with cane sugar and stevia extract)."

Produced by Sam Rega. Camera by Jason Gaines.

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Stocks are rallying at the start of the week after tanking on Friday.

Just a little before noon in the NYC, the Dow was up about 107 points, the S&P 500 up around 6 points and the Nasdaq up about 2 points.

It's the bull market's birthday today, six years since the bottom during the financial crisis.

And as stocks have rallied, they've become more expensive.

"The typical stock in the S&P 500 trades at 18.1x forward earnings, ranking at the 99th percentile of historical valuation since 1976," Goldman's David Kostin wrote in a note Friday.

In this expensive market, Kostin has three trading recommendations, including buying stocks that offer cash returns through buybacks and dividends.

There's no major US economic data release on Monday's calendar.

Earlier, the European Central Bank started its bond-buying program, or quantitative easing. The bank reportedly bought government bonds from several countries in the Euro area on Monday, according to Bloomberg. Bond yields are lower across the region.

Apple's 1:00 p.m. ET event will be closely watched, as the world's most valuable company unveils details of its smartwatch in San Francisco. Its shares are up nearly 1%. The company will replace AT&T on the Dow Jones Industrial Average later this month.

Shares of General Motors are up by nearly 3% after news that the company will announce plans to buyback shares. This follows calls from a group of hedge funds to return investors more cash.

SEE ALSO: Here's your complete preview this week's big economic events

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NOW WATCH: Nationwide's Super Bowl commercial about dead children is about corporate profits ... in a way that we can all appreciate

Iceland is a beautiful country. 

Most of the island is an uninhabited landscape of jagged lava rock, fields of bright green moss, hot springs, towering waterfalls, glaciers, and volcanoes. 

Many visitors say that the country is reminiscent of another world. 

Plus, it is a perfect place for any adventurous traveler — visitors to the island can scuba dive between two continents, hike amongst a massive volcanic desert, journey into the center of a glacier, and soak in a geothermal spa. 

From great waterfalls to the ‘crystal caves,’ here are 32 photographs that will make you want to book a trip to Iceland. 

Iceland is a very small country (about the same size as Kentucky) but there are plenty of incredible things to see.

A majority of the island is a treeless moonscape of vast craters and volcanoes.

It is covered in great fields of lava rock and bright green moss.

Jeb Bush, the former governor of Florida and a likely presidential candidate in 2016, weighed in on the FCC's recent ruling on net neutrality for the first time over the weekend, The Hill reports.

"The idea of regulating access to the Internet with a 1934 law is one of the craziest ideas I've ever heard," Bush said.

Bush is referring to the 1934 Communications Act, which regulated "interstate and foreign commerce in communication by wire and radio so as to make available, so far as possible, to all the people of the United States a rapid, efficient, nationwide and worldwide wire and radio communication service with adequate facilities at reasonable charges, for the purpose of national defense."

The 1934 Communications Act was created because President Roosevelt, as well as lobbyists and state regulators, believed communications technology needed to be monitored and regulated so certain states, carriers, and customers didn't face price discrimination.

Applying these rules to the internet, the principle of net neutrality says all data needs to be treated equally, regardless of who creates it — it provides a level playing field so new startups and services can actually compete with, and even supplant, established brands. But Bush apparently isn't a fan of this idea: He thinks President Obama "steamrolled" the FCC into endorsing new rules that treat the internet as a utility, and he thinks the FCC has lost legitimacy over this ruling.

"I hope that Congress acts [to reverse the ruling]," Bush said.

Though the 1934 Communications Act also served as a legal foundation for when new media technologies came along, like TVs and phones, opponents have long believed this act may have actually slowed and delayed the development of new communication technologies. So, while the FCC plans to protect the internet with these new rules, telecom companies, lobbyists, and politicians like Bush will continue to fight the decision for the foreseeable future.

A couple of weeks ago, the FCC voted 3-2 to regulate broadband internet and ban companies from creating "fast lanes" to prioritize some content over others. Major cable companies aren't happy, and neither are many Republicans that don't want the government to intervene and regulate the internet.

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NOW WATCH: Watch the FCC Chair's impassioned defense of net neutrality

San Francisco (AFP) - Apple aims Monday at its first new product category since 2010, with its smartwatch that could catalyze the market for wearable technology with a strong emphasis on health and fitness.

Apple Watch is expected to be the star at a media event being held at the same San Francisco theater where the California tech giant introduced the iPad.

Apple's chief executive Tim Cook has revealed little about the sophisticated wrist wear, but has said that he "can't live without it."

The company announced its plans for Apple Watch last year to much fanfare and has said it would begin shipping in April. It will mark Apple's first new product type since the iPad in 2010.

Apple enter a market that already has a number of players, ranging from South Korean giants Samsung and LG, to Japan's Sony and startups such as Pebble. 

Motorola, acquired by Chinese giant Lenovo last year, also produces a smartwatch, and China's Huawei introduced its version at the Mobile World Congress in Barcelona this month.

But analysts expect Apple to lift the market by integrating the watch with the iPhone and its software ecosystem, and its range of apps and sensors for health and fitness.

"How Apple creates a cohesive value proposition integrating hardware with software and services is as always the key," said Nick Spencer at ABI Research.

"The three main areas of wellness data and services, Apple Pay, along with creating an intelligent and differentiated relationship between the watch and the smartphone must be the foundations of the Apple Watch proposition."

Apple has indicated that the entry price would be $349 in the United States, and that two different sizes would be available in three collections, including the "Apple Watch Edition," featuring 18-karat gold cases in yellow or rose, sapphire crystal and finely crafted bands and closures.

The watch is also expected to include map software that guides people to destinations with gentle "taps" on the wrist.

Fitness apps on the Apple Watch and its rivals could spell trouble for makers of fitness bands from companies like Jawbone, Fitbit and Nike.

- The right balance -

Jan Dawson at Jackdaw Research said Apple must find the right balance for the new device -- giving people alerts and notifications when they need them without overwhelming them.

"One of the criticisms of some of the other watches out there is that notifications are something of an all-or-nothing phenomenon: either you get utterly bombarded with notifications or you get none, but its been tough to get granular control," Dawson says in a blog post.

"So it becomes all the more important that Apple get this right on the Watch. The ability to manage notifications and other activity on the Watch so that you only get notified for the things you really care about is a key value proposition."

Apple reportedly had to scale back health tracking features on the watch after some sensors didn't rise to the challenge.

Research firm Strategy Analytics predicts Apple will set fire to the market from the outset, projecting sales of 15.4 million units worldwide in 2015, to give Apple a 55 percent market share.

More conservative, ABI Research expects Apple to ship 13.77 million units, just under 50 percent of the market.

But Spencer said Apple needs to meet consumer needs for battery life, and offer the right mix of services and apps.

Roger Kay, analyst at Endpoint Technologies Associates, said Apple's loyal consumer base will deliver a certain number of sales but won't guarantee widespread adoption.

Kay said Apple needs to find a way to  integrate the watch into a new kind of intuitive computing which is only now emerging.

"No one knows yet whether the wearables category is going to make it," Kay said.

"One thing that could help, though, is a rich set of tactile effects that only wearables -- which, by definition, lie close to the body -- can deliver. "

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Business Insider is looking for a Digital Ad Solutions Specialist to join the revenue team. We face exciting challenges in today’s digital advertising space with increased focus on viewability, the deepening divide between sponsorship and data-driven sales, and the sharp rise of mobile readership versus the slow growth of mobile advertising spending. As digital ad solutions specialist, you will lead and manage the creation of exceptional user-experience driven ad products by weaving data, ad tech, and in-campaign optimization. 

The right candidate will serve as a liaison between Business Insider’s product team, outside vendors and ad operations as well as support campaign execution and strategy from an ad tech solutions point of view. This can range from Cross-Channel, Sequential Messaging (for Mobile, Social & Desktop buys) to vetting unique Ad Products based on trends and testing. 

The key responsibilities of the role are:

·       Identify and present next generation industry trends to internal constituents 

·       Work in partnership with ad operations and product to develop and execute ad products; work with sales development to effectively rollout products to sales

·       Evaluate ‘time based selling’ and provide tactical strategy 

·       Execute native programmatic tactics by tying in css templates to trade desks and more

·       Identify and execute new mobile and in app advertising solutions

·       Execute single tag for true cross platform campaign delivery with special consideration to page load implications across all platforms 

·       Act as lead on viewability project in terms of tracking metrics to identifying success as site templates and ad slot placements evolve

·       Research, evaluate and test new third party ad tech vendors

·       Implement the connection of multiple devices to identify and dynamically serve real-time dynamic creative to OTT

·       Identify most efficient solution to serve advertiser messaging within podcasts

·       Identify new opportunities for lead generation tactics, including the evaluation of third parties, execution in partnership with ad operations team and educate sales development team.

 You'll be joining a collaborative team that works hard and has a lot of fun. If this is the perfect gig for you, please apply here and tell us a bit about why you're a good fit for the role. Thanks in advance. 

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On Thursday, all 31 U.S. banks passed the first round of the Federal Reserve's annual stress test, and one surprising  bank has joined the ranks of potential weak links on Wall Street.

According to the New York Times Dealbook, Goldman Sachs' poor performance from Thursday's test has investors and analysts worried about its ability to pass the second part of the Fed's stress test. Goldman Sachs shares fell 1.7 percent on Friday following the test.

Among the 31 banks, Goldman Sachs fell at the lowest end of the spectrum with a 6.3 percent minimum tier 1 common ratio, compared to an 8.2 percent average. The tier 1 common ratio is a measure of a bank's ability to absorb losses during a crisis. The Fed also calculated that in the event of a stock market crash, the bank would lose $23.8 billion in trading alone.

According to the article, Goldman Sachs is the only big bank that analysts think will have problems during the next round. Failing the Fed's stress test would mean putting a stop to increasing dividends or buying back stock, on which the firm spent $5.5 billion in 2014.

Other banks that are being closely watched include Deutsche Bank and Citigroup, which was the only major bank to fail the test last year.

We'll find out on Wednesday whether Goldman Sachs (and the rest of Wall Street) makes the cut.

Read the full story at the New York Times »

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Libya's increasingly brutal civil war is smashing the north African state's oil production, which has been slashed by about 80% in less than half a year.

Less than a year ago, some people were getting much more positive about Libya's oil industry, which at its peak could produce close to one and a half million barrels per day, according to the Financial Times.

"Force majeure" was being lifted from two ports at the time — that's a legal ruling that means companies can't sue for violated contracts when there's a war or some other unpredictable disruption.

But now the country seems to be falling into chaos again, oil fields are under attack and the Islamic State (formerly ISIS) is gaining a foothold in parts of the country, adding to the already chaotic atmosphere.

This chart from Goldman Sachs shows just how volatile oil production in Libya has been, and how much it has been reduced:

Here's what Goldman's analysts say:

The deepening civil war in Libya, with force majeure declared at 11 oil fields, may continue to impact local production, although further downside is limited given low production levels. This leaves risk to Libyan production as skewed to the upside, albeit with uncertainty on the potential for a sharp rebound.

Effectively, production is now so low that the only major surprise for global oil markets is if it suddenly surges. Libya has lost over 700,000 barrels per day in production since Autumn last year, and it would now have to lose less than 200,000 to drop to nothing at all.

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