A few months ago Pete Wentz said he wanted to name his and Ashlee’s baby something that could work regardless if the kid turned out to be a rock star or a politician.

So what do we think of this name: BRONX?

To be honest, it makes me think of Jennifer Lopez! aka: Jenny from the Block (from the Bronx!)

I think Bronx is a cool rocker name… not so sure of the politician thing. Then again, is a kid of Ashlee and Pete’s REALLY going to wind up a politician?

ANSWER: Not if Papa Joe can help it! haha

One of our loyal readers, Jessica, was first to point out that Bronx’s initials equal: BMW.

This could be a good thing: INSTANT product placement! (And I’m sure Papa Joe would be happy with that.)

All in all, I like the name Bronx. Pete hasn’t talked about why they chose the name, instead saying “We came up with the idea Bronx. We’ve been throwing [ideas] back and forth a while.” ~source

He DID however, elaborate on the middle name of Mowgli.

“The Jungle Book was something that me and Ashlee bonded over. It’s a cool name.”

It’s super difficult to report on Ashlee Simpson, what with her crazy liar hubby (who we love, love, love) giving us different stories all the time.

But….

Apparently Life & Style magazine broke the report Saturday that Ashlee was in labor.

Then came “speculation that she has already given birth to her baby.” Then, Pete Wentz cancelled his appearance on Larry King so people thought she was in labor then.

Access Hollywood says there is no baby yet.

So that’s what we know, kiddies! Given Pete Wentz’s ability to mislead the media (and I said that in the most loving way) there is every chance Ashlee may have the baby and we wouldn’t know it right away. However, given the amount of paparazzi following this story, it’s also possible that we’ll play by play coverage!

If she did in fact go into labor over the weekend, it might have just been a false alarm.

As of right now…. we still wait….. Are you getting as anxious as I am?