Stronger. Now the question is, are we in a crypto currency bubble . When could it pop . First, our lead. It is a redefining moment for the samsung note line as the south Korean Company unveiled the samsung note 8. It is their largest phone yet and could be its most important. After last years exploding battery fiasco, consumers could be hesitant to pick up their new phone, however, samsung is confident that the problems are fixed. It wants to move forward with its best mobile device yet. Our bloomberg representative has the story. I am in midtown manhattan for the unveiling of the samsung note 8. The stakes are very high, since it is the latest version since the galaxy note 7 was recalled after reports of catching on fire and exploding. Lets take a look at it. The note has always been samsungs biggest phone. One with the screen so large, it has been compared to a tablet. Now, the screen is getting even bigger, measuring at 6. 3 inches, to be exact. The note 8 has an improved camera with two lenses on the back of the device. It also supports faster networking for browsing the web and downloading content. But the question remains, can samsung win big with customers after last years note 7 debacle . Samsung killed off the smartphone after customers reported problems with earlier models exploding and even replacement phones catching fire. The whole fiasco cost the company an estimated 6 billion. We wont really know if they have gotten over the note 7 debacle until probably early 2018, when the phone has been out there long enough, and people have tested it. But that is not the only problem the company faces. This week, the former head of samsung was jailed for charges for bribery and embezzlement. Their management is not so tied to the brand of the company. Other companies, for example, apples tim cook is different. He represents the company. I feel very few consumers know who runs samsung. But, perhaps the biggest the biggest obstacle is its competition. Especially with apple and other competitors in asia. Apple plans to unveil their highly anticipated phone eight in a matter of weeks. If you are doing feature by feature, comparison and you are looking at what is rumored to come in to the iphone, there is a very strong lineup. Samsung regained its top spot in the Global Smartphone shipments with 23 of the market, after losing ground during the note 7 scandal. So, can samsung hold on to it spot in the increasingly crowded Smartphone Market . Only time can tell. But one thing is for sure, by keeping the same note branding, samsung is making it clear that the note 8 has fixed the problems of the past. Emily meantime, the latest edition of the smart phone that started it all, the 10th anniversary of the apple iphone is still shrouded in secrecy. Marc berman has a lot of the secrets on what to expect from apples flagship product. He gave us some of the details. For the first time, they will have three big phones. To the phone is going this premium model, it has stainless steel. We said it is going to be the size of the iphone 7 plus screen. But that is the whole phone. Is very slim around there. It will be easier to hold, not be as heavy. The 3d sensor and the fingerprint sensor of going to will be the crown jewels of the phone. The phonewill unlock and milliseconds. It can even do it in the dark. Tell me more. There is the 3d scanning sensor and an infrared sensor that you would see in a classic Remote Control for your tv. The laser controls this light. In the dark, i imagine being on a swat team with your helmet where you can see in the dark, so it is kind of like that. So, the phone will be able to read your face based off little light in the dark. Emily when it comes to some of the features apple is lagging. , i did sit down with tim cook back in june and he had this to say about being first. Take a listen. Tim for us, it is not about being first, it is about being the best. And giving the user an experience that delights them every time. We dont let that impatience result in shipping something which is just not great. Emily talk about the future the features when it comes to apple. Which features are apple first in, and what features are they behind . Inyou can apply what he said june. It was the opening line of this story. So, the os screen which is something that has been appearing in samsung phones for vertical integration, motorola has had them, the essential phones we have had on the show all have them. Samsung has had it. 3d sensors are going to be new. The app store, that is something they created. Is on the android, google play, everything after that. Apple was the company that modernized the smartphone. Emily also when it comes to processor speed. Yes, a couple months before that, i think i said the phone would have the big chip, but they did come out with the 64 bit chip. They are still ahead when it comes to processors. Emily lets talk about the home button. There will be a home button. You get your onscreen real estate. What does that mean . To make the phone smaller, they have to chop off ins. They are getting rid of the home button. Which will now be part of the screen. Essentially, there will be a home button area. There will be unique controls. There will be swiping gestures for navigating between apps. And it will be to the point that you do not really need the click buttons around it. There will still be the power button. Maybe even the volume buttons will go away in the future, too. Emily obviously, the note is coming out. How does it stack up to the competition whether it is samsung or essential . The note is very significant. The note 7 was one of the highest reviewed phones when it first came out. It was one of the most anticipated and successful phones in terms of the product reviews. Then it started exploding and that changed everything. I think that will be a challenger in peoples eyes. Emily what do we know about timing that this new iphone . So, the new iphone has been dog with reduction rumors that they have had production issues. What do we know . They will release more of the models that they have supply of. There are going to be three models. Initially, the mix will be much higher for the new updates. We will see the new, pro model trickle out, but it is going to be hard to buy in for the first couple of months. Emily that was bloombergs mark gurman. In india, there is a new nonexecutive chairman at infosys. The Software Services company. He is backed by infosys founders that want to take back control. The Founders Group has clashed with the board in recent months, which led to the previous ceos departure last week. Coming up, ubers drama is weighing down its valuation. Which funds are cutting price estimates, next. Plus, mark cuban flips on bitcoin. Outspokenbillionaire skeptic is now a believer. Are Digital Currencies now becoming a mainstream investment . We will discuss. This is bloomberg. Emily since going public in june, blue apron has lurched from one setback to another. The meal startup is losing its Human Resources chief and have start a started a hiring freeze. The shakeup comes just as the company ramps up a new center which will handle half of its production volume. Blackrock, vanguard group, and t. Rowe price have lowered their valuations of uber by as much as 15 . They have faced a persistent drumbeat of bad news including court battles. This on top of an ongoing ceo search after Travis Kalanick was ousted in june. Uber has held up its 69 billion valuation. They are a transformational, once in a generation company. The evidence that uber might be less valuable than it appears may scare off future investors. We are here to talk about their latest developments. The mutual funds marking down uber, 15 vanguard. Blackrock is 1 . It is a useful sign. Especially as this big softbank deal gets done, and we do not really know what kind of what the valuations of the secondary shares are going to be bought. People doing the selling, having these professional assessments, the Company Valuation could give them a guidance. Emily you have been reporting about new investor interest. Is it happening at that 69 billion valuation . Is it significant that they are flat and not increasing . There is certainly strong interest from insiders to see the valuation. Emily but even if it is flat, is that a good thing . It is hard to say. Given the circumstances, flat valuation is the best they are going to get. Of course, it is a paper valuation. In terms of what they are actually paying netted out, it is going to be a lower value. Emily who is selling these shares . Are these shares coming from other investors, employees, former employees . That is the big question. Especially is benchmark during the selling . Selling . The is travis doing the selling . The range of the secondary sale was as much as 2 billion to 10 billion. You can get a sense of what the appetite for the sellers is going to be. Emily in the meantime, uber is showing fairly positive revenue numbers. Growth is up 17 . Trips up within the last year. Losses are falling. What do you make of the numbers . I mean, they are good. It is all about perspective. Uber is losing short amounts of money. If you annualize the amount of losses they have had this quarter, you get to about 2 billion which you can compare to amazon in 1999 when they had their worst loss, which was about 300 million. So, the scale of their losses even as they fall significantly. I think it was 9 quarter over quarter. They are still humongous compared to any other company. Emily for most of that quarter, uber still had a ceo even if the investigation was still ongoing. It will be very interesting to see the numbers for the current quarter. So, the ceo search. Labor day is approaching. They had said they would have someone in place by then, or have at least voted on it. There is only one name out there. Yes, and he remains the frontrunner. There were reports that meg whitman was back in the mix. We have held our tongue there. There are other outlets that have said she is not in the mix. There is a lot of confusion on that. Benchmark denied the idea that they had put her out there. It seems like there is a main candidate, but there are also some others who are reportedly still in the mix. Emily do you think labor day is a realistic deadline . Will we know by then . I think everyone is exhausted and they would like to see deadline met, but it would require of investors going along to get along. It is hard to say if they will meet the deadline or not. See it met ife to everyone could get along. Emily coming up, after the events of charlottesville, virginia, various Tech Companies have taken a stand against neo nazi groups. But the debate in Silicon Valley on how it deals with hate continues. We will discuss next. Plus, netflix is building up their original content. We break down the new media marketplace. This is bloomberg. Emily jack jones, the former president of uber has been named ceo of h r block. He previously served as chief marketing officer at target. The move is part of a greater move by the company. H r block touted a collaboration with ibm for free online returns as it competes with Online Services like turbotax. Since President Trump took office, tech leaders and the white house have butted heads on several fronts from immigration to climate change, and most recently the policy around hate groups and hate speech after the events in charlottesville, virginia. Now, washington has grown more critical of tech firms, hiring practices, and news content that could have farreaching effects on key legislation as well as regulation. With bensed this topic brody and Michael Wolff, ceo and cofounder of activate. We mentioned some of these cultural issues. The ban on trans members of the military. These are places where the administration and the company have clashed in a very public way. And those kinds of clashes have policy consequences, you know, especially in this administration where loyalty is a big deal. There is not a lot of love lost between some of those companies and the white house, especially given the events and charlottesville more recently. But it is more important to realize that there is a policy dimension here, too, issues like privacy, on the table. Washington is looking to take them on. We do not necessarily know what they are going to go. Like tech may be losing in them. So, there are a lot of ways in which these companies are being surrounded right now. Emily obviously, the Trump Administration has not had the best of luck of pushing through policy initiatives. But michael, is the fact that congress and the white house are considering tax, energy, energy energy, immigration reform, which are all important to Silicon Valley. The white house is clearly not on the side of Silicon Valley. How much of a concern is that . What you have is a divergence of values. You have Silicon Valley where there are a number of things that are very important. Net neutrality, steeled immigration, you have the gender issues. But more broadly we have issues which are important to Tech Companies. One of them is consumers. These are companies with hundreds of millions of users and they are very afraid of some , sort of consumer activism. And so, they want to focus on their values. They are willing to bend their values when it is things that are important to their companies. Two examples are upgrading the governments infrastructure with the contract reach of these companies. And other things like tax reform because many of them want to repatriate foreign earnings. Emily so, ben, there was the tweet about amazon doing great damage to companies throughout the u. S. And many jobs being lost. Are we getting to a point where Tech Companies could ultimately end up being regulated like utilities, or at least that is the direction the Trump Administration wants to go . I do not necessarily think we are at that point yet. I think we are at the point where some people in washington, both liberals and conservatives, and it think that it was that is what is interesting, are asking people to look in on this. This is not the main strain opinion yet. I would say there are people who say, look there is a lot of market share here. There are a lot of Companies Like amazon gobbling up smaller ones. Or even medium and large ones like all foods. They are saying, and emigrate are saying this as well and democrats are saying this as well we need to take a look at , what is going on here. I think it is important to realize as well that some of these companies are on the chopping block when it comes to these issues. Emily so, how would Tech Companies change their approach to lobbying . We know they spent a lot of money during the obama administration, lobbying various lawmakers. What is happening right now . Well, they are spending a lot of money. That is what it comes down to. There was some talk that these companies did not have any republican representation. And they needed to bring in conservatives. I think that was a little overstated. In d. C. , Big Companies are always in play for democrats and republicans. But google had record spending in their last quarter. A company like Goldman Sachs barely spends 1 million. So, they are really spending a lot of money, because they know that a lot of things are coming their way. Either coming or going. And they want to be a part of it. Emily michael, we are looking at potentially three more years in the Trump Administration at least. What are the main issues you will be watching . From a tech perspective, any potential efforts that are about hampering these companies, because we cannot stop the march of technology. Amazon, apple, google, facebook, these are companies which do not just impact the United States, but they have an impact globally. We should be wary of anything that gets in the way of their growth. And yes, they are also, they trade in politics. Jeff bezos owns the washington post. So, there is a lot of progress in Tech Companies which can be threatening to people in the administration, and other businesses. Emily since the events of charlottesville, virginia, a surprising topic has come to the forefront in Silicon Valley. Deepseated divisions about how far Tech Companies should go to silence hate groups, specifically nazis . Where do these companies draw the line . Bloombergs editor export this explored this topic and joined us to discuss. Silicon valley has had a hard time navigating the era of donald trump. And that is partly because, even before the election, there was all this controversy around Companies Like facebook and google as to whether or not they were Media Companies are or technology companies. If you are a Technology Company, you do not have to take responsibility for the content on your platform. If you are a media company, you do. Most of these Companies Want to be a Technology Company because you do not have to spend as much on content moderation. The thing that happened two weeks ago was, suddenly, these companies realized, maybe we have to take some responsibility. That came to the forefront when google and go daddy and a bunch of other companies took down the daily stormer, which is a nazi publication had been on the internet until then. Emily right, cloudflare was the last company to cut off the daily stormer. This is a company that has taken a more laissezfaire frees reach approach free speech approach. We did have the ceo on the show and he said he was still uncomfortable about taking down the site. He believes that no person, no company should have the power to take down sites. Take a listen to what he had to say. We turn to the experts like law enforcement, regulators, and we say, here is the content. What do you like for us to do . That feels like the process of principle of due process. That they