Olympic leaders that will help them post the summer games. Global news in more than 120 countries. This is bloomberg, and bloomberg technology. Is next. Emily im emily chang. This is bloomberg technology. Softbanks and game. Another run at the u. S. Cable market with a direct offer for charter. Why the move to acquire americas secondbiggest Cable Company is the billionaires most ambitious target. The model three kicks off a new era in electric cars. Will tesla deliver . We look ahead to teslas Earnings Report. All bets are on after 400 million shares of snap hit the market. A look at the lockup expiration of that investors have had their opportunity to sell. The turmoil continues in washington. Anthony scaramucci has been removed from his new job as White House Communications director just 10 days after he joined president s staff. The white house said, mr. Scaramucci felt it was best to give john kelly a clean slate and the ability to build his own team. Sarah Huckabee Sanders mented on the exit of the during the briefing. He does not have a role in the Trump Administration at this time. We put out a statement earlier, announcing that. I dont have much else to add. Emily we are joined by alex in washington. That was fast. What do we know about what went down . It was a memorable 10 days. Here is what we know. Either Anthony Scaramucci decided to resign and offered his resignation to john kelly, or john kelly asked him to his authorityng over the white house on his first day on the job. Something sarah Huckabee Sanders said she told an money she wasnt going to talk about it anymore was that john kelly now over all Authority Personnel in the white house. Everybody answers to him. That wasnt the case before he came on the job today. Even steve bannon, Jared Kushner report to john kelly now. Before him, they reported to the president. Emily interesting. What moved we expect john kelly to make . How will he remake the White House Team in his image . This is the big one. Sarah Huckabee Sanders said no one in the senior staff will leave immediately. One question is, sean spicers future. He quits 10 days ago, the same day Anthony Scaramucci started his job. We wonder now whether sean spicer might return to some kind the white house, maybe Communications Director. That job is open. Emily we have yet to hear anything from scaramucci. Any word on his view of how this went down . No. You will remember last week, the new yorker published an inflammatory interview with scaramucci in which he profanely criticized both Reince Priebus and steve bannon. The interview didnt go over well in the white house. He has been quiet. He hasnt returned our calls or emails. You havent seen him on television. Before that, he was a big advocate for the president on television. He has gone radio silent since then. Emily i have his twitter account up. I will let you know if anything changes. Washington, thanks so much for the update. Now to a story we are watching. Softbank is determined to use Charter Communications to get into the u. S. Market. Softbanks planning to make a direct offer to charter. Earlierrejected an proposal by sprint, which is controlled by softbank. This would mark the most ambitious target for a Company Valued at 101 billion. Does softbank have the capital to get the deal done . Join us joining us now is peter. And paul sweeney. Are hishat exactly aims . He has been looking for a solution to the sprint business. He bought into sprint when it was the number three wireless carrier in the u. S. It has fallen behind tmobile and is now number four. It looked like the simplest deal was to combine sprint and tmobile. It looks like there is a more accommodating administration now in the white house, but given that the option is a little complicated, he is looking for something more ambitious, therefore the gambit for charter. Charter came out and said, we want no part of sprint. Sources tell us that his son is looking for a bigger deal were softbank and charter would be combined. Emily is charter more likely to do a deal . They have been clear that they dont want the deal. It is run by the management team, which has been successful. Tom rutledge has been successful as ceo. They think they can push up stock prices on their own and dont feel like they need to buy the struggling wireless business in order to do better. Emily what are you hearing in terms of the willingness or unwillingness on charters side . Charter really has no interest in sprint per se, at least not at the current valuation. The question for big cable companies, charter and comcast, is, do they need to offer wireless business . If they do, do they need to own the economics of a Wireless Company or can they partner with an existing Wireless Company . Wet week, comcasts ceo said dont need to own a Wireless Company. We are happy partnering with existing wireless companies. Charter has been in that camp, as well. The question for the deal with would be,d softbank what does john malone what to do . John malone is involved in the transaction. He is a Significant Shareholder of charter, and the question is, does he want to get in bed with softbank and all the issues with that company . Emily does softbank have the capital to pull it off . Son has been very creative. He closed the vision fund with oftial Capital Commitments 93 billion. He says he wants to take that 200 million. In japan, the banks have lots of cash. They are offering negative Interest Rate to lots of borrowers and they are able to lead. Softbank has been a solid that in the past a solid bet in the past. They own a stake in alibaba that is right now worth over 100 billion. If there is a weight a way to extract that capital, they could go after charter and put together a deal. Enormous and have a lot of risk built into it, but it seems like they would be able to get the cash. Shake upw would this the ecosystem . This would be a big transaction. There are four wireless players in the u. S. That is one too many. Pressure been a lot of with wireless in the u. S. For those players to get together, tmobile and sprint. That makes the most strategic logic, but to the extent that sprint cant get a deal done, it has been looking for any partner whatsoever to do a deal with to Balance Sheet and shore up its position in the marketplace. Charter is the latest name on the list. Emily peter, we have reported softbank plans to take a big stake in uber, that some uber investors wanted this to happen and Travis Kalanick started negotiating this before it resigned. What do we know . It is interesting to see how son has been interested in this ride hailing business. Td is the biggest player in china with 5 billion in the company. He has looked at southeast asia. Uber would add to that and give them a Global Presence in ride hailing. It is unclear whether antitrust regulators would be ok with that or if ubers backers would be ok with the deal. Emily we will keep watching. Tokyo, introm from town. Paul sweeney of bloomberg intelligence, thanks so much for joining us. Snap deal has rejected a 950 million acquisition from a rival. The two biggest local players in indias ecommerce discussed joining forces to compete against amazon. Softbank owns a most a third of snap deal. Snap deal opted to sell off assets. Coming up, podcast efforts. What it means for the potential ipo. We are Live Streaming on twitter oombergtechtv. This is bloomberg. Emily a stock we are watching, pandora shares surging as much as 7 in afterhours trading. They posted betterthanexpected secondquarter revenue. They are up 10 yearoveryear. This is pandoras first Earnings Report since they sold in 19 stake sirius xm and dismissed their ceo. Sticking with music streaming, the number one paid music streaming service, spotify, is expanding their Business Model again. This time, spotify is eyeing a growing demand for podcast, a field dominated by apple. They plan to experiment with new media, increase the time customers spend on the app, and boost their ad sales. Here with more is caroline hyde, with us from london. Tentative steps for spotify. What have they agreed to so far . A bit of backscratching so far. I will start to promote podcasts they will start to promote seeasts, and you might advertising on billboards and buses. They want podcast to promote spotify. Simmons podcast, podcast america, there is a deal going on. You might have already seen that there go into andreessen and horowitzs podcast. They have been playing this up behind the scenes. They commissioned original contest content on the music business. They are expanding that and will be commissioning a new batch of original podcasts in the coming months. This is a team move. Emily is it about diversifying Business Model before an ipo . I think it is. The share listing is coming up in october. Ramp up looking to where they get the revenues from. They have to give away so much in terms of royalties to music labels. They are looking at new areas of growth and wooing advertisers. The teenagersn and adults in america, 15 of them come are listening to a podcast for week. This could be monetized. We understand avid advertising revenue is set to grow 45 this year. Than 200 be more million. It not only helps with advertising, but it also helps with the spotify app itself, because they dont want you going into an apple app while you are using spotify. They dont want you going into rivals like soundcloud and pandora, which has its own podcast. Addicted to keep you overall. What is interesting is, music labels want them dabbling around the scenes. They like the fact that spotify has injected growth and the music industry. They have played around with television, as well, and video. That hasnt worked, but we will see how they ramp up podcasts. Emily lets talk about soundcloud, a force in europe. Spotify was at one point eyeing soundcloud. What is going on . Another desperate attempt, it would seem. Growths such a beacon of and a standup performer in europe. In berlin, i used to talk a lot, they had real problems. They have been closing offices in london and san francisco. They had to axe 40 of their workforce and they are looking to sell a majority stake to two privates private equity companies. They are close to deals with selling these two particular stakes. It would hand over control of would notablyt it give them some cash to keep funding themselves. This is still a company that is loved by independent musicians in particular. They have 175 million unique users per month. Compare that is spotify that has 140 million. Compare that to spotify that has 140 million. A lot of people love the content soundcloud brings. Never been able to monetize it or charge for subscriptions. They havent gotten off the ground enough to make money. It now seems like another area they are trying to push into keep themselves approach a float. Spotify wasnt going to take one billion euros that they wanted and say, it looks like private equity is the way out. The deal is not done yet. It could all still unravel. Emily thanks, caroline, for the twists and turns. Coming up, apple complies requests, using removing vpns from china. We will discuss that. Plus, here it is. The brandnew tesla model three. The big question is, will this be just another electric car, or a car that will change the future of all cars . In thea big takeover cable tv business. Discovery communications agreed network, thes parent of the food network. The deal is valued at over 14 billion. This could help discovery cut costs come again negotiating leverage and expand internationally. To fall afters unveiling its model three. However, optimism about the electric car has contributed to the shares climbing 53 this year. Elon musk said ahead of fridays events that tesla took in over 500,000 deposits on 1000 apiece. Will the car live up to the hype and appeal to the masses . Joining us is our reporter who color who covers everything tesla. Elon musk drove up onto the stage and jumped out like a rock star. Very positive. This is part of the tesla dna. It wheels like a tesla. It was designed by the same design team. You look at it compared to the other cars and it is part of the tesla family. People are happy with this. Emily the big question, here he is, we have to watch. Stepping out of the car, lots of applause. Can teslaestion is, deliver . There was a moment on stage where he it knowledge, yes. We are entering production hell. Will the inwe production hell. Welcome. [laughter] welcome to production hell. We are, for at least six months, maybe longer. But you guys know that you are veterans. You have been through this. I have been working alongside you, and if you are going through hell, keep going. Is he saying they can make 20,000 model threes per month by december . Do you believe it . That is a steep production ramp. That is why you are seeing shares fall today. The model three launch was supposed to be a big event, like, the car is here. He talked about production hell after they went production hell already with a different model. I thought the model three was designed for manufacturing, was going to be easy, they had learned their lessons. He is signaling that the ramp is going to be challenging. He is holding to the volume figures, but will they be produced with consistent highquality . Emily you have reported on turnover at the company, especially in the executive ranks. How could that impact their it ability their ability to get it done . Tesla has always had turnover , like many companies. I havent heard highlevel production executives liebling leaving recently that there is a question about autopilot. The reviews i have read thus far have not included cars that had autopilot so im not sure where that stands or if they are waiting for the next version. There is a lot of risk. There is a lot of opportunities. That is what makes this so compelling. Emily the majority of people are buying cars for less than 25,000. This car is 30,000. More if you do the addons. Will this reach a massmarket . X that is what investors have held on. 35,000 is barebones. If you want a color besides black, autopilot, a longrange battery, you quickly get to 59,500, which is the fully loaded car. 59,000rket, to me, dollars is not massmarket. Theres the question of tax credits, which phaseout over time. They are not making the 35,000 car until later this fall. There is a western as to wherever you are in the queue and what kind of car you will get as to whether you will qualify for the tax credit. Emily earnings are coming up. What do you expect . China is a huge market. Will he talk about china and autopilot parity . What is happening to the sales of the model x and the model s . Are they being cannibalized by the model three . How will they get people to buy . You need to sell cars while you are producing this one. Emily some people say the model three launch could be as big as the iphone. It brings us back to the question, is this going to be a just another an electric car or will it chase change the future of how we use cars . Unprecedented in the Auto Industry for there to be 500,000 reservations for a car that is not out yet. That is amazing. Have a million people, largely in the u. S. , placed deposits for a car they might not get until 2019. That is unheard of. Will the reservations translate into sales . That remains to be seen. Hull, thanks so much. Coming up, snap shares trade at peak volumes. Insiders have their first chance to sell. We will look at what the heads of the company say. If you like bloomberg news, check us out on the radio on the Bloomberg Radio app, our website or sirius xm. This is bloomberg. Who knew that phones would start doing everything . Entertaining us, getting us back on track and finding us dates. Phones really have changed. So why hasnt the way we pay for them . Introducing xfinity mobile. You only pay for data and can easily switch between pay per gig and unlimited. No one else lets you do that. See how much you can save when you choose by the gig or unlimited. Call or go to xfinitymobile. Com. Xfinity mobile. Its a new kind of network, designed to save you money. Im mark crumpton. Lets begin with a check of the first word news. Deputy White House Press secretary sarah Huckabee Sanders says former Communications DirectorAnthony Scaramucci has no role at this time in the administration. She reiterated that john kelly is now in charge. A i think we have made clear few times over the course of the last couple days, general kelly has the full authority to operate within the white house and all staff will report to him. The Trump Administration is imposing sanctions directly on venezuelan president Nicolas Maduro following sundays vote to write rewrite his countrys constitution. I said this generally, we very much believe that sanctions do work and we will continue to monitor this situation in and consider additional sanctions. The treasury departments designation is an unusual move against the foreign leader. An official crucial to running kenyas election, reported missing a few days ago, has been found dead. The Electoral Commission chairman said the officials body showed signs of torture. There are concerns about further tolence as kenya transitions Biometric Technology to reduce voter fraud. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. Im mark crumpton. This is bloomberg. Inis just after 5 30 monday new york. My colleague paul allen has a look at the markets. A bit flatoking around the asiapacific today. The nikkei futures, looking a little w