Zuckerberg and vanity fair. All of that ahead on bloomberg west. Host as gearing up to big event tomorrow and unveil a new version or versions of the iphone. Last year we saw the most significant redesign of the iphone since it came out in 2007, but were not asked that thing another major redesign this time. More like a minor upgrade. What exactly will we see . Director forrogram the Mobile Division and a senior wireless tech analyst. Thank you all for joining us. Everyone is so excited about tomorrow, even though it will be a minor of rate. Adam, i will start with you. What do we know about the new features of the phone . Adam it will look like the ones that are out there now. Part of the a pump cycle where apple focuses more on the software. You will get a better camera and processor and some other new features, but like you said, is not as big as an upgrade as last year when there was anticipation for the bigger screens. We saw a hugear upgrade cycle, 74. 5 million iphones shipped. Will this be enough to have another quarter like that . That is not sustainable to continue forward. We are expecting less volume in the fourth quarter. Having said that i dont think it will be an unsuccessful order by any means. I think people are grossly underestimating what the iphone success can do for apple this go around. ,ou go back to the iphone 4s this is going to be the new greatest iphone apple has ever made and it really is going to impress. Were expecting better battery life, more processing power, better connectivity. Given that we are now in the sweet spot, we think its going to be another banner order for apple. Emily i am always excited, whether its going to be bigger or not. Adam, what about the apple tv . Much about apple trying to strike deals with the content company, down planning to do original content of its own. Are we going to see a new settop box tomorrow and how different is it going to be . The biggest features of it will probably be the app store that it will introduce that will allow outside developers to come in and build applications for it. Apple has not been at the strike these new deals with Media Companies and will be able to offer a variation on the cable bundle. They have not enabled the strike those deals. So we will wait and see what kind of apps that developers will make. Gaming will be part of this. We have not seen an upgrade to the settop box for three years. It has been a long time coming. Can the settop box become a big enough product that its not a niche product and it helps drive overall revenue . I was absolutely yes. Just an more than iphone company. Its an Ecosystem Company as well. Apple tv can be the central hub of a smart home. Locations are coming out, like the new doorlock coming out that will irk work off the apple tv. Its all the devices working well together. That is apples great advantage right now. Apple can harmonize the ecosystem the way others cannot. Emily do you think it can be as big as the iphone . Its not just about the tv, its about connecting the home. I do think it can be as big as the iphone. I think it is the hub that will start to build these other things out. Content is the other one that can clearly put this ahead of iphones. Its not the easiest thing to do. Emily well they are will they not unveil this mammoth ipad . The bigger ipad is expected to be announced tomorrow. It will further blurred the line between a tablet and a laptop. Tim cook has said the ipad has a lot of opportunity with business customers. This is a device that is really geared toward that. , with more people began to do more and more with the handset, ipad sales have begun to fall. People hold onto the devices longer. Emily is a big ipad enough to save it . The key is having an enduring Business Model like microsoft has. Part ofevices become the fabric in the way businesses conduct of business, that is transformative for apple. The recent deals with cisco and ibm, it holds true that it is an important these. Lets talk about the software and siri, there was a big hit about an upgrade to siri. That goes along with this conversation about apple and Artificial Intelligence. How much smarter are these new phones and the new settop box when it comes to the software driving it . More and more integration into the different products apple is doing. There are some compelling use cases if you scroll around apple tv looking for a show, its a very clumsy experience. Emily and its very difficult to search. But its a product they had been improving, and Artificial Intelligence is a key part of that. Was first introduced, it was mocked because it was clumsy, but it has been improving. A. I. is there more to the idea then search . If youve ever come across the amazon echo. Done right, and it is brilliant. It is huge. Maybe someday the apple car. Its a slowpaced because initially people look at it as something thats kind of nonexistence. Im feeling more enthusiasm here than i expected. X its going to be a Good Opportunity for the lines to form again. There have been some issues on the supply chain. They maybe dont have as many iphones as they would like. If people want to get in early, they probably should go out and get in line for this one. I think the price cuts will be interesting as well. Emily we will be watching for that. All of youratching headlines coming out tomorrow. A stock we are watching today, investor head of relations spoke in new york. He said the company will have tough comments in the Third Quarter and the September Quarter will likely come in lower than prior expectations. It did not stop Summit Research from cutting its price target to 81 from 91. Slide has0 month stop wiped over 140 billion from its market value. Announced thebaba single day Shopping Festival on november 11 will be focused on globalization of offline to online themes. It is huge. To a new partnership are watching, microsoft will begin geting a Service Tablet to big corporate customers to buy the microsoft tablet. The newest part of the deal is dell. It will offer warranties and Customer Support just like it would from one of its own products. Microsoft gives access to enterprise level customers and dell gets to expanded support services. We dont know if hp will be offering anything similar. Up next, the newest member of the uniform club tells us the importance of a billion plus valuation. House Minority Leader Nancy Pelosi sounds off on her colleagues across the aisle in silicon targeting Silicon Valley. Emily breaking news coming from yahoo . We will get to our editor at large, cory johnson, but again, breaking News Headlines coming out of yahoo we will give you the update as we have it. This is having to do with the irs situation and some of their Tax Obligations dealing with the alibaba spin all. I will get back to that when we have corey back with us. News, 160icorn million has been raised from insight venture partners. The latest round of funding ballot at 1. 2 billion. Outside europe, they operate in india and mexico. You can choose if you want to write in silence, like chat, or have a conversation. Is with us, our editor at large. He has been taking a look at the headlines. What does it mean when it comes , how much yahoo can be taxed on this alibaba spin off . Corey don who made a very smart investment a long time ago yahoo made a smart investment a long time ago. Distributing it to the yahoo shareholders has been their plan. The big thing with the irs , andg this been office ok theyve been waiting for word from the irs. That was a suggestion future decisions would have a different rule applied to them. The irs has refused to take a meeting with yahoo about this, so its unclear what it means. Never just the irs signed off on this proposed deal from yahoo , that the taxable burden for the spinoff, the whole reason the structure was proposed is not kosher with the irs, at least not yet. Are sharply shares down right now after hours on this news. Obviously investors are trying to get a sense of exactly what it means. Thank you for that update and we will continue to follow this and bring you updates as we have them. Now back to valuations. The latest startup to claim unicorn status active as of today, they Just Announced new funding. The ceo joins me now with the details. This whole unicorn thing is becoming like a badge of honor. A horn of honor . Emily some of the concern weve heard from the skeptics is that startup scene to care more about their valuations and actually giving value to the customer. How do you separate the two . We are out to build important independent Technology Company for the longterm. When we went out to raise this round, we were worried about having a valuation that was too high because it puts pressure on you to have to grow into it. It restricts when you can actually go public. We thing going public is really putting the puck on the ice, so we are excited to move forward, build our company and go forward. Emily so you are worried about the valuation too high. I thought that only happened in Silicon Valley. Did you take a lower valuation than some were offering . We wanted to make sure all the investors heard our story, that we are about connecting any theiry and empowering adoption of modern technology and telling that story and getting that awareness in the market as we eventually go public in the future. Make sure it was is fair, because were going to go public and we want the valuation if you look at our numbers now, its pretty close to if we were a public company, not some pieinthesky company with public valuations. Emily weve been talking about a Cyber Security bubble. There are a lot of private Cyber Companies that are very highly valued. I was talking with one ceo about this very point. It seems to have become a crowded space. Listen to what he had to say to request there is so much interest in this area that any good ideas being funded to the point where it can keep on going forever. That is going to have to change. To changeno idea how that. They should reincorporate as nonprofits if thats the way they are going to run their business. Emily is that happening . You have to stick to the fundamentals. So what is it that okta offers that other companies in the same space dont . We make it easy for companies. O deploy high security a lot of Security Technologies lock things down and restrict users and make it really complicated. Our first thing is access. We make it easy to adopt applications that help our customers do better. Aftereffect of that but not the primary impedance that a lot of Security Companies run into. See that ahead . We raised 75 million additionally. We are going to put it in the bank and wait to see if violations do go up and we can do some m and eight. M a. Emily when is the ipo . We are planning for it. You cannot talk about it until it happens. Emily thanks so much for joining us. Ow to polytech where Silicon Valley meets the hill. I caught up with house Minority Leader Nancy Pelosi right here in her district of san francisco. Tech dollars are in hot demand as fundraising for the 2016 president ial race heats up. I asked her what she makes of the gop courting ceos like mark zuckerberg. I would like to see them be more aggressive in congress in their policies, whether its tax policy and tax credits or innovation, whether its investments in education. Whether its investments in infrastructure, which are essential to all job growth. Politically isid one thing. I would like to see in interest in the tech and science community. Emily she was in town for the premiere of her daughters documentary. Sandra explained how the film became a critical review of the companies in Silicon Valley. I went door to door to all the Tech Companies and try to get them to talk to me, and they wouldnt. So instead i ended up talking to people who really are not happy here in the first place. That was a lesson in access journalism. San francisco 2. 0 air zone hbo later this month. Still ahead, and inside look at vanity fairs annual our list of the most disruptive innovators who are reshaping their industry. That is next. Byte. Time for our daily todays number 17 million. Thats the number of people worldwide who booked to stay at airbnb. Companythis summer the raised 1. 5 billion in funding and is working to approve a ceo for its operations in china. Now to vanity fairs and power list of the top 50 leading innovators and disruptors worldwide. Mark zuckerberg has climbed to the top spot from his previous rank of number five on the list. Joining me as someone who helps put the list together, john kelly. Thanks for joining us. It seems obvious that he would be at the top of the list, except when you think of the other people on their like tim ook and larry page. Part of the thinking was that zuckerberg seems to go down on the notion that vr is the future. Facebook came into the world before the providers of mobile but really after many of us had phones in our pocket. It seems vr is an opportunity to not just control the tech but control how we consume it also. Uber is certainly powerful but still has a lot to prove. The opportunities for uber are enormous. To disrupt the other unicorns that are out there . The options are quite limitless. It will be interesting to see what he ends up trying to do with that company. It is going to drive it somewhere. Given his relation of what is going on at twitter, quickly, taylor swift on the powers that be. Clearly iswift disruptive in her own way. She seems to be able to get the media to bend to her will. When you look at spotify, its been an enormous success story. Emily we will have to leave it there. Great list, we will check it out. Mark i mark halperin. John im john sullivan. With all due respect hillary clinton, this is how you turn the page. It wasnt bad. Markets back. In our lineup tonight, dealing with the donald, sitting with stephen and having a ball with haley barbour. First, page turning alert. Hillary Clinton Campaign has identified a week time weak period. Exhibit