Jobs are bundles of tasks. AI and other technologies may eliminate or modify some of many of these tasks, but rarely all of them. Very interesting reporting from the @FT about how AI is changing rather than eliminating entry-level jobs.

Jobs data is what this week comes down to. Samsung opens Monday with a 1,000+ trillion KRW investment plan — 300 trillion earmarked for a new chip fab. Direct read-through for HBM and advanced packaging names. Warsh speaks at the ECB forum Tuesday, and every word gets parsed for clues on the second-half rate path. Wednesday, US June NFP and unemployment drop together. The question the market has been sitting on: can the labour market hold up at these rates? Short week — HK closed Tuesday, US closed Friday. The trading window is tighter than it looks.

Steve Jobs gave Tim Cook one piece of advice when he was named Apple CEO. "Never ask what I would do. Just do the right thing." "[Jobs] had watched Disney go through this paralysis of sitting around and talking about what Walt would do — and he did not want that for Apple."

Steve Jobs on why public education is so lousy: the teachers union. What to do? School choice through vouchers —so the money follows the child rather than the other way around. (1995)