Argue u. S. President s can only designate national monuments, not downsize them. Trump also plans to shrink the Grand Staircase escalante monument. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Emily im emily chang, and this. Bloomberg technology coming up, disney takes the lead come emerging as a front runner to acquire the bulk of 20 of a boxs media empire century foxs media empire. All bets are on. Early bitcoin investor offers his take as the worlds Biggest Exchange operators prepared to begin trading futures of cryptocurrency. And next week, big boat on Net Neutrality as pai the starting to go back. Permanent text investor who has been accused of Sexual Misconduct says he is taking a leave of absence from his duties a. Five women who met him in a professional context told bloomberg they were essentially acros assaulted sexually assaulted or harassed by him. One says he groped her at an uber holiday party. He is confident he will be indicated. We are joined now by our guests who have been covering this story. He is referring to a Rape Allegation against him in london. There is some uncertainty surrounding that particular case that the case of the six women and the story we told is our concern right now. You got new information just as we were sitting down from the Hyperloop One about the status. What can you tell us . It did not come from Hyperloop One, but i got a copy of his letter to the members of the board of virgin Hyperloop One, and he said he is resigning from the board and he says signing his super Voting Rights to the brandnew cochairmen, a russian investor, who is going to be taking over all of sher vins Voting Rights. Emily we have a statement from sherpa capital. We should note that he has completely deny these allegations. Working to find those who are spreading false rumors about him. What do you make of his reaction . Definitely not an apology. He needs to distance himself from the companys as they saw this stuff out. He is certainly not taking responsibility for the accusations and calling it a scheme a smear campaign. We dont have a real apology yet, but he is clearly putting some distance between himself and his Companies Facing these accounts,ations, six and a real arrest that occurred in london over rape. Arrested, but there are questions. Emily he was never charged, but London Police have confirmed that u. S. Tell us about what we have heard from investors in sugar capital. Shirsherpa capital. Sarah Silicon Valley bank had been in a partnership with a capital, and i have not commented all weekend, but today, i heard they had in fact all in contact with shervin the good about the status of the status of their relationship, and they just told me today that now he has resigned that they plan to continue that relationship with sherpa foundry. Other people seem caught by surprise. As recently as sunday night, he said he did not wan intend to resign. Emily still no comments on ppg . Sarah ppg his declining to comment, and that is still the case. Emily he has given 500,000 to democratic candidate senator booker. We also heard in a statement from uber that they support those who come forward to discuss the sexual harassment. They come and their bravery. We learned that shervin is no longer a special advisor to ub er pass the was under travis. Eric seems like his relationship with uber was through travis. The new ceo has not relied on him, and i think the companys turn to put distance between themselves and shervin now that he is no longer a special advisor. The democratic candidates, it to them he began to figure out what they were going to say. Cory booker was hosted at shervins house. He was a major democratic fundraiser, a major butler for president obamas campaign, and a donor to the Democratic National committee. We have two senators now saying they will return the funds. Emily pesos for some for president obama declined to comment. We have not heard yet from hillaryss post for some, but he donated to hillary clinton. Very strong ties. I know we are all going to continue to follow the stories of thank you so much for stopping by answering the update with us. A major daily media can come sooner than you think. 20th century fox is speaking with disney to sell some of its assets. It could come as soon as next week. That this signal a new era for the media giants . Lets bring in our guests, who covers media for Bloomberg Intelligence in princeton, new jersey. So what is the status, especially with disney . Selects like plenty of companies are looking out for these assets from fox. ,omcast, verizon, sony m disney were all in the hunt for these assets. It looks like fox my favorite disney a little bit because i think they see a better strategic fit for their assets. I think they think it would take fast regulatory muster. When it was acquiring Time Warner Cable and then with the nbc acquisition, i think they might favorite disney. Emily are there any stumbling box giving the bojs recent lawsuit surrounding at t and time warner . All of the investors are going to be watching that lasted very closely. Death lawsuit very lawsuit very closely. This is totally unexpected, and it shows that no deal is going to be a slamdunk, not going to be a walk in the park so they will be looking at very closely. Emily what would fox be left with here . With a still be a viable competitor . Absolutely, they will be. Fox has struggled over the years with its film and tv studio. And has been a little disappointing part of their business just because they have not been able to throw out as many hits. It has required a lot up any investments and because they have so many aging franchises, they have not seen as much success like disney. Is a business that requires a lot of investment and might be better off with disney. Fox is going to be a much leaner company after the sale, a potential sale. They will hone and really more on their news and sports properties. Those properties have been doing really well. They have a lot of competency and expertise in those areas. Emily so what do we know about the timeline here . I mean, the cnbc report obviously says that it is going to probably come out anytime next week. The stocks themselves have been going on possibly for about a month or so on and off, but it could happen. I think they are really gaining momentum. Emily i know you will keep us updated. Thank you so much. Coming up, and early bitcoin investor reading the benefits of this years rally. How the capital is investing in blocking technologies next. You can check us out on bloomberg everyday at 2 00 p. M. In san francisco. This is bloomberg. Emily the worst is behind snap and the company will likely get back on track next year, this according to a barclays analyst. For theraded the stock First Time Since initiating equal weight in march. Shares gained during trading but remain 15 below the marco rubio price. Also became the first and was to after theue apron lackluster performance, sending shares of more than 16 on monday. As we have been reporting, this sunday at 6 00 p. M. Eastern, the Global Markets will finally start trading bitcoin futures. Cme debuted contracts on december 18 and the nasdaq will feature next year. One person started investing bitcoin in 2013 when the Digital Asset first had a major rally and prices have since then surged, enabling him to quit his job as an art advisor in hong kong and start a capital firm. He joins us now in san francisco. I am sure it has been quite a ride for you. Yes. Emily what do you make of the optimism, incredible optimism, and incredible skepticism at the same time . I think we are just at the beginning. The optimism is we are starting to see what the future will really start to look like with main street capital, with institutional finance coming up in the stage, and as far as the skepticism, it is a natural reaction to just the unknown and such a surge in interest and capital humming into the space is natural, but it will fade as the Actual Development of the space was on. Emily do you think it is a global . Even if it is not a fraud, is in a bubble . Jehan we are in one of the many peaks and valleys along the way on a trajectory up to a greater and greater future. Emily what is your hunch for next year . Jehan i think we will see 50,000 by the end of 2018 for bitcoin. Emily that is strong. Jehan every month, we are revising our target up. Coming,rything that is with the onetwo punch of the cboe and the cme, the entire world is on watch now for what is the realnd what liquidity that can enter this market will actually look like. Emily you are big in hong kong. What is the difference between how cryptocurrencies are perceived in asia versus the u. S. . Jehan i have a feeling that asia is a lot more nimble than the u. S. Chin emily china aside. Jehan despite the china van and the crackdowns, they are incredibly open to blocking technology. Lowkey, china is one of the fastestgrowing and fastest to adopt an enterprise of that level blocking technology. I also think that the types of signals that the pboc has been given as far as developing their own cryptocurrency even as a proof of concept lends a lot of weight to the validity of Digital Currency at a soccer level generally. Sovereign level generall. We will see the First Digital form or in one from another, and i think it will be Digital Currency. Emily do you think that has anything to do with the delay of north korea using bitcoin and having a safe haven . Jehan i can south korea is interested in cryptocurrency because they have a culture of trading. They are familiar with trading stocks. I think cryptocurrency comes very naturally. I am not sure it has a lot to do with the politics between the north and the south, but i do believe that anywhere you see a population comfortable trading like japan, korea, and even hong kong to a degree and especially recreationally in china, you will see a lot of interesting cryptocurrency. I see that growing exponentially. Emily what are the other cryptocurrencies you are watching . Jehan of course, i watch a lot of the big ten. Ther , but i am interested in the bloom of utility lines that are coming. I specialize in icos and the applications coming out of the space. One of our projects is a decentralized database application. Think of it as the oracle for black chain. As well as a company that lost from Jason Goldberg called simple token, which is a quinn for ecommerce. We tend to focus on the large capp d crypto, but what is the Software Look like . We start to see these from Companies Like intel can. Emily that regulations are coming . Jehan i think the sec has been on watch. The sec has pursued persecution against another ico, which is their way of showing they are serious. 2018, they are really under pressure to show significant regulation in place and a real framework for how they begin to approach it. I think that is 2018. I think the rest of the world will follow. There are many jurisdictions which look to the sec for guidance, and once the sec shows how they plan to deal with cryptocurrencies longterm, we will send to see what is regulatory certainty globally, and i think that is when the real money starts to come in. Emily so bitcoin hits 50,000 as you expect it to my the end of next year, what about a cerium . Jehan i would hope it would hit around 5000 by next year. I think that is a relatively aggressive and ambitious target. It is really much greater than bitcoin itself. Is at its root a utility token, an application framework, and the way you can use it far outstrips what bitcoin can be used for, although bitcoin has incredible utility as a store value and unit of transfer. Emily all right. We will have to have you back at the end of 2018 to see if you were right. Thank you so much for stopping by. Jehan thank you. Emily coming up, tesla continues to struggle to meet its production demands, but could get the right charge from another elon musk venture . This is bloomberg. Emily lyft has announced its most recent funding round has increased, bringing the total raised to 1. 5 billion dollars. It is now valued at 11. 5 billion. This was led by alphabet. Also investing is fidelity investments, which gained significant u. S. Shares as uber faces a string of legal battles. Elon musk s tesla is known for its grandiose plans. A semitruck that goes 300 to 500 miles on a single charge, but it is also known for continued production problems and cash burn. How can tesla be put back on track . The answer could line with another elon muskled company, spacex. Dana has all the details. She covers everything tesla and space express. Where is this coming from . It is largely coming from adam jonass imagination. He has been asking elon musk on Earnings Call if there is a chance of tesla and spacex combining. Elon says no, these are Different Companies with different portfolios, but there is overlap in the companies in terms of what they are doing. They shared technologies in terms of material science. Tesla is the vp of material spacex, so you can imagine a scenario where perhaps one day they would merge, but to speculation. S is no evidence this is underway. Emily has elon musk or tesla commented on this at all . Dana no. Elon has been clear that these are two Different Companies. Spacex flies rockets and wants to inhabit mars. They dont have a natural overlap, but they are both companies that can we be sure data for ai at some point. You work for tesla or spacex, you are really working for elon some who tends to borrow people as he needs them, but it is hard to imagine a scenario where they would actually merge. Emily is tesla in such dire straits that such a deal could be helpful . Dana that is really hard to say. I think until tesla gets the model three production issues finished, i do not see them being acquired by anybody. I dont know what spacex would gain by having tesla. Spacex is doing goin gangbusters on its own. I dont know if they would want to be associated with tesla. Emily elon musks attention may wander to his conquering the universe, getting to mars, and all of that. Do you think that is in fact a risk . Dana i think what the interesting things about adams note is tesla has never had a coo. What the secession plan is is not something the company has been emily havent we recorded that he tried for a wild to find a coo . Dana there have been rumors in the past. There is not active search that we know of. Plan . S the elon has always said he can see stepping down from tesla was the model three is up and running. It is not clear who would run the show over there if he ever did that. Emily has he ever said that about spacex . Dana no. Spacex is the Company Founded in 2002 from his money woul from paypal. Emily what will you be following, especially as it comes to whether or not they can resolve the production issues in short order . Dana i will be looking for early january that spacex releases the sales and production figures. I would like to know if there was an active coo search. I am sure adam will ask his questions on the next call. Both companies will have a very robust, busy year coming up. Emily ok. Dana, thank you. Dana my pleasure. Emily coming up, more news on the scope of russias influence on u. S. Social platforms. How the kremlin tried to pose as local american new sites on twitter. If you like bloomberg news, check us out on the radio. You can listen on the bloomberg apps and sirius xm. This is bloomberg. I am a alisa parenti. You are watching Bloomberg Technology. House Speaker Paul Ryan says the tax bill is monumental reform. Ryan praised the progress at a Leadership Conference today. Passed a motion to reconcile these two paying bills. The Committee Led by kevin brady has a lot of work to do, but they will get this done and make the legislation the best it can become a better than what we have seen. Congressional leaders meet with President Trump thursday. The senate voted to confirm the Homeland Security secretary. She previously served as john kellys chief of staff. Party leaderionist says the Irish Government would not allow British Brexit negotiators to release the text of an agreement over irelands border. The deal which gave Northern Ireland a special status distinct from mainland britain was blocked at the last minute and collapsed after the dup refused to back it. Of kuwait of abruptly ended the meeting just hours the uae started after and announced a new partnership with saudi arabia separate from the gcc. Todays development puts the pressure on gcc, whose Member States are all u. S. Allies. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. It is just after 5 30 in washington, 6 30 in hong kong. Are joined by Sophie Kamaruddin with a look at markets. Good morning. Good morning. , leadingcopper sick that tumble in base metals. Industrial and mining shares and asia under watch. Sydney futures are signaling a lower start ahead of australias thirdquarter gdp figures. The dollar has compounded as traitors price and more rate hikes in 2018. The yen continues to consolidate. Japanese futures pointing lower. Ore Bloomberg Technology coming up next, Bloomberg Technology. This is Bloomberg Technology and i am emily chan