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 new samsung note 8. It is their largest phone yet and it could be the 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 and wants to move forward with what it hopes will be its best mobile device yet. Selina wang attended event in new york and has more. I am in midtown manhattan for the unveiling of the samsung note 8. The stakes are very high for this phone to succeed 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 summers note 7 debacle . Samsung killed off the smartphone after customers reported earlier models exploding and even replacement phones catching fire. The whole fiasco cost the south Korean 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 de facto head of samsung was jailed for charges for bribery and embezzlement. Their management is not inextricably tied to the brand of the company. Other companies, for example, apples tim cook is different. He represents the company and i feel very few consumers know who runs samsung. But perhaps the biggest obstacle the Company Faces is its competition, especially with apple and other competitors in asia. Apple plans to unveil their highly anticipated iphone 8 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 earlier this year 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 selina wang reporting. Meantime, the latest edition of the smart phone that started it all, the 10th anniversary of the apple iphone is still shrouded in secrecy. Mark berman has a lot of the. Ecrets about what to expect for the first time, they will have three new phones. This will essentially be the size of the iphone 7 plus screen. But that is the whole phone. It is very slim. It will be easy to hold, not as heavy. The 3d sensor and the fingerprint scanner is going to be the crown jewel of the phone. Emily you 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 creates this flight. Creates light. In the dark, i imagine being on a swat team with your helmet that can see in the dark, and it is Something Like that. So, the phone will be able to work in the dark in milliseconds. Emily when it comes to some 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 that is just not great. Emily talk about the future when it comes to apple. Which features are apple first in, and what features are they behind . You can apply what he said in june to any other recent products. The screen is something that has been appearing in samsung phones. Motorola has had them. Bezels have them. L you saw the Android Marketplace and google play come out for that. Apple was the company that popularized the smartphone in in 2007 the beginning. Emily also when it comes to profits speed, apple has them first. Yes, a couple months before that, i think i said the phone would have the 64bit chip. It was correct. They are still years ahead of the competition when it comes to processors. Emily lets talk about the home button. You get more on screen real estate. What does that mean . To make the phone smaller, they have to chop off things. They are getting rid of the home button. It will be in the screen. It will have a home button area. There will be new things, new swiping gestures to navigate between apps. It is moving things into the screen to the that you do not point really need the click buttons around it. 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 . 8 is think the note significant because of the note 7. The note 7 was one of the highest reviewed phones when it first came out. It was one of the most anticipated and reviewed phones. But then it came down to the exploding batteries and everything. So i think the note 8 will be a serious challenger in peoples eyes. Emily what do we know about the timing of this new iphone . The new iphone has been dogged and 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 , the more expensive one, probably trickle out. It will be hard to find the first couple of months of release. Emily that was bloombergs mark gurman. In india, there is a new nonexecutive chairman at infosys. Hes backed by a group of infosys founders that want to take back control. The Founders Group has clashed with the board in recent months, and that led to the c. E. O. s departure last week. Coming up, ubers drama is weighing down its valuation in the eyes of mutual funds. Plus, mark cuban flips on bitcoin. Calling the currency a bubble, the outspoken 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 challenge to another. The Meal Delivery startup is losing its Human Resources chief and they have gone through a hiring freeze. The shakeup comes just as the company ramps up a new center that is supposed to handle half of its production volume. Blackrock, vanguard group, and t. Rowe price have lowered their valuations of uber by as much as 15 . Most of this year, the company has faced a persistent drumbeat of bad news including court battles. This on top of an ongoing c. E. O. 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. Making uber seem less viable valuable than it is may scare off future investors. Newcomer joined us to talk about the newest development. The mutual funds marking down uber, 15 vanguard. By several percentage points, it is a useful sign. Especially as this big softbank deal gets done, and we do not know what the valuation is of the secondary shares that are going to be bought. People doing the selling, having these professional assessments of 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 the evaluation would be flat and not increasing . There is certainly strong interest from insiders to see the primary valuation stay at 69 billion. Emily but even if it is flat, is that a good thing . It is hard to say. I think given the circumstances, flat valuation is the best they are going to get. And it is sort of a paper valuation. Softbank will do it in that round and the secondary. In terms of what they are actually paying netted out, it is going to be a lower value. Emily who is selling these shares . Investors, employees, former employees . That is the big question. Especially, is benchmark doing the selling . Is travis doing the selling . The range of the secondary sale was anywhere from 2 billion to 10 billion. You can get a sense of how uncertain people are about what the appetite for selling will be. Emily in the meantime, uber is showing fairly positive revenue numbers and growth numbers. Trips up within the last year. Losses are falling. What do you make of the numbers . I mean, they are good. It is a stalled out perspective. Uber is losing historic amounts of money. If you annualize the amount of losses this quarter, you get to about 2 billion. If you compare that to amazon in 1999 when they had their worst loss, it was 300 million. So, the scale of their losses which have fallen are still humongous compared to any company. Emily for most of that quarter, uber still had a c. E. O. Even though the investigation was ongoing. It will be very interesting to see the numbers for the current quarter. The c. E. O. Search. Labor day is approaching. They 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. Other outlets have said she is not in the mix. There is a lot of confusion on that. Benchmark kind of denied the idea they had put her out there. It seems jeff immelt is the main candidate. But there are others reportedly still in the mix. Emily do you think labor day is a realistic deadline . Think everybody is exhausted and they would like to see deadline met, but it would require investors that do not get along to get along. It is hard to say if they will meet the deadline. But they are all tired and would love to see if they can get along. Emily coming up, after the events of charlottesville, tech firms have taken a stand against neonazi groups. But the debate in Silicon Valley on how it deals with hate continues. We will discuss next. Plus, tech firms are stepping up spending on original shows and content. We break down the new media marketplace. This is bloomberg. Emily jeff jones the former , president of uber has been named president of h r block. He previously served as chief marketing officer at target. The move is part of a greater digital push. 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 over tech firms, hiring practices, and news content that could have farreaching effects on legislation and regulation. We discussed this. We mentioned some of these cultural issues. The ban on Trans Service members in 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 in charlottesville more recently. But i think it is more important to realize that there is a policy dimension here. Issues like privacy, on the table. Issues like Net Neutrality are on the table, and more and more , washington is looking to take them on. Either we do not necessarily know where they will go or it seems like tech is kind of 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 pushing through their policy initiatives. Michael, the white house is considering tax, energy immigration reform, which are , all important to Silicon Valley. 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, some of the things we mentioned, skilled immigration. And you have the gender issues. But more broadly, we have things that 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 contracts for each of these companies. And other things like tax reform because many of them want to repatriate foreign earnings. Emily so, ben, there was the recent trump 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 it is definitely where we are at the point where some people in washington, both liberals and conservatives, are calling for people to look in on this. This is not the mainstream opinion yet. I would say there are people who say there is a lot of market share here. There are a lot of Companies Like amazon gobbling up smaller ones. Even medium and large ones like whole foods. 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. They needed to bring in conservatives. I think that was a little overstated. In d. C. , Big Companies always employ democrats and republicans. But google has record spending in their last quarter. They spent about 6 million on lobbying. A company like Goldman Sachs often does not even spend 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 are going to be watching . From a tech perspective, i will be looking at any potential efforts that are about hampering these companies because we cannot stop the march of technology. Amazon, apple, google, facebook, these are companies that have not just impact in the United States but impact globally. We should be wary of anything that will get in the way of their growth. And yes, they are also, they tread in politics. Jeff bezos owns the washington post. So, there is a lot of progress in Tech Companies which can be threatened people not just in the administration but 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 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 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 they are valued higher and 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 of those companies to finally cut off the daily stormer. This is a company that has taken a more free speech approach to these things. We did have the c. E. O. On the show and he said he was still uncomfortable about taking down the site. He did so because they were claiming they had cloudflares support. He believes that no person, no company should have the power to do such a thing. 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 principle of due process. They are p