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Lazy holiday Friday brings big job gains

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Recapping the day's news and newsmakers through the lens of CNBC.

Now Hiring

Notes:

June payrolls came in at a surprising 195,000, about 30,000 more than economists expected, though the unemployment rate stayed at 7.6 percent. Revisions to April and May nonfarm payroll reports put jobs added in those months at more than 190,000.

The job gains were good for stocks, which trended up on the light volume holiday Friday, but bad for bonds in anticipation that the Fed will move forward with its plan to pare back quantitative easing sooner than some expected. The bond market is signaling that an increasing number of investors believe that will happen as early as September.

The Fed has signaled it would start tapering when unemployment reaches 6.5 percent. Moody's Analytics Chief Economist Mark Zandi said that level may now be reached sooner than expected and that the Fed could move to hiking rates in the spring of 2015 rather than the summer.

Quotes:

"This would be consistent with the Fed's preparing the markets for a tapering of QE. … If job growth is 200,000, that would signal the end of QE and the beginning of rate hikes could be sooner than the time associated by the market."
—Mark Zandi

"As far as QE is concerned, the toothpaste is out of the tube, and they're not going to get it back in."
—David Ader, chief Treasury strategist at CRT Capital

Are You Really Protecting Your Business from Malware?

Note:

The barbarians are at the gate—the computer gate, that is.

Chief information security officers (CISOs) need to do things differently, take a few risks and adopt new approaches to secure the enterprise.

Many companies, even the largest corporations in the U.S., think that they can solve the problem of advanced persistent threats with a mandate that managers by two of every security product from different vendors, from firewalls to intrusion detection and prevention systems—and in doing so gain "defense in depth."

The current approach has failed at doing more than wasting a lot of resources and money for businesses.

Malware has already won the first battle. Is your business prepared for the longer war?

Quote:

"Our society has never before had so much valuable data online, nor been so poorly protected."
—Gaurav Banga, CEO of Bromium

The Low-Margin Smartphone Era

Notes:

Business can't be done today without a mobile phone, but it appears that can take the world's biggest mobile-phone makers only so far.

Weak numbers from Samsung and HTC on Friday flagged concerns that the market for smartphone makers, including Apple, could be reaching the saturation point.

The market is weakening in the segment that provides smartphone makers such as Samsung and Apple with their biggest earnings: high-end buyers. Sales are fine in emerging markets, where the leap straight from the landline era to mobile is still in full force. But margins aren't what Wall Street has come to expect.

Quotes:

"Apple and Samsung have been dominating the high-end of the market, and that's the part of the market that is getting saturated."
—Francisco Jeronimo, a research director for IDC

"A lot of people are talking about this market reality, where, if we are talking about the smartphone demand … they are really shifting toward the emerging markets, and what that means is lower margins. They are not selling the Galaxy S4s."
—Mykola Golovko, global consumer electronics industry analyst at Euromonitor International

Executive Pay Package of the Week

Don Mattrick, hired this week as CEO by struggling social games pioneer Zynga, scored pretty high to leave his job heading Microsoft's Xbox business. His largely stock-based compensation package will equal about $50 million in coming years, Zynga revealed in a regulatory filing.

Quote:

"The timing is weird. I don't know why he didn't tell Zynga, 'I'd love to go there. I'll be there in February.' "
—Michael Pachter, analyst at Wedbush Securities (on Mattrick's leaving Microsoft around the time of the biggest Xbox launch in a decade, the Xbox One)

—By CNBC's Eric Rosenbaum

Market Insider with Patti Domm