Aug 4, 2017

The next Apple Watch may have its own cell connection

Eric Risberg / AP

The next Apple Watch could connect directly to cell phone networks, allowing it to do more things without a nearby iPhone, Bloomberg reported on Friday.

Why it matters: Adding a cellular connection would add cost and hurt battery life, but would allow the watch to do things like download music and send messages without relying on a phone. Apple could well offer the watch in both Wi-Fi only and cellular versions, as it does with the iPad.

Separating the Apple Watch from the iPhone would be a "game changer," one analyst told Bloomberg. "If they could deliver an experience that isn't tethered to an iPhone, it could kick start a new direction for the business," said Gene Munster, co-founder of Loup Ventures.

Also: Bloomberg says that the cellular-capable Apple Watch will use a modem from Intel, rather than longtime supplier Qualcomm, with whom Apple is engaged in a bitter patent dispute.

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Bob Iger to step down as CEO of Disney

Photo: Jeff Kravitz/FilmMagic

The Walt Disney Company said Tuesday that it had named longtime Disney executive Bob Chapek as CEO Bob Iger's successor, effectively immediately. Iger will remain executive chairman of the company through 2021.

Why it matters: Iger is credited with having successfully turned around Disney’s animation and studio businesses and with the strategic acquisition of Marvel, Pixar, Lucasfilm and 21st Century Fox. Most recently, he was the person behind Disney's successful launch of its Netflix rival Disney+.

India gives Trump warm welcome as brutal protests rip New Delhi apart

People supporting India's new citizenship law beat a Muslim man in New Delhi, India. Photo: Danish Siddiqui/TPX/Reuters

While President Trump enjoys a hero's welcome in India, that nation's capital is being torn apart by violent protests between Hindus and Muslims.

The state of play: At least 186 people — 56 police officers and 130 protesters — have been injured and 10 killed in recent clashes, a New Delhi police spokesperson told the AP.

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Wall Street sees 2nd day of brutal sell-off

Photo: Johannes Eisele/AF via Getty Images

The stock market fell another 3% on Tuesday, following Monday’s sell-off. Bond yields touched record lows.

The big picture: Stocks continued to fall as the CDC said it expects the coronavirus to spread in the U.S. The Dow and S&P are more than 7% below the record highs seen earlier this month.

Go deeperArrowUpdated 2 hours ago - Economy & Business