florida in its crosshairs. now a category four hurricane is forecast to remain at that strength when it makes landfall south of miami on sunday. at least 21 people died after the hurricane slammed into the caribbean. the death toll from the magnitude 8.2 earthquake that struck last night off mexico's pacific coast is now 58 according to the country's civil defense chief. several buildings were reduced to rubble following the strongest earthquake to ever hit mexico, at least in a century. the house will send a harvey a package to the president. it gave final approval it to the deal reached between president trump and democrats. it spends the debt limit and keeps the government open through december 8. president trump spends the weekend at camp david hosting numbers and their spouses. the press secretary called it a working weekend and says updates on hurricane irma are on the

agenda. the transportation secretary who is married to majority leader mitch mcconnell may not attend. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. ♪ ♪ emily: i am emily chang and this is "bloomberg technology." the fallout from equifax. the data of 143 million customers may be compromised by a massive data breach at one of the largest credit monitoring agencies. we discussed the unprecedented damage control operation underway and the potential risks ahead. china's cryptocurrency coup de grace. after dealing the market a major behindhinese regulators

the great wall. we examine the ripple effects. with just a few days to go until apple's most significant product launch in years, we will preview the event and new technology. first to our lead. the massive cyber attack on the facts may have compromised the privacy of more than 140 million u.s. customers or half the u.s. population. the stock plunged nearly 13% today amid mounting outrage over the breach. thursday evening, a proposed class-action lawsuit was filed in oregon in federal court alleging equifax was negligent in failing to protect consumer data. there is news executives sold nearly to lean dollars in corporate stocks before the closing -- disclosing the attack. it is one of the three biggest credit reporting companies that generated $3.1 billion in revenue last year.

congress said it will probe the attack. the new york attorney general said in a letter to the company this. the breach has potentially exposed sensitive information of nearly everyone with a credit report and my office intends to get to the bottom of how and why this is the card --occurred. joining us, our guest host, bob o'donnell, as well as tom giles. you have been following this for the last 24 hours. if you have a credit card, should you assume you are affected? >> yes. this is the credit rating agency that keeps every piece of information about every financial decision you have made , good and bad. every credit card you open or close, it is their job. it is there one job to safeguard this information, to store it, and to disseminate it. we have no control over that.

they have let the public down in the most profound way. this is what lawmakers are saying. this is what the public is saying. there are some which outrage over this. in a time when d.c. cannot agree on anything, everyone is in agreement over the fact these guys have blown it, massively botched things, and need to be regulated. that is the message we are getting uniformly from the seat -- d.c. emily: they have a website you can log onto to see if you have been affected. the website did not work and you were signing away your rights to sue them in the fineprint. >> ridiculous. this is their job. this is the most massive cyber attack we have seen and the most important in the fact that the type of data hit was so critical. >> this is not just email addresses. this is your social security card. >> exactly.

it raises huge questions not only about regulation but we also have to start thinking about different ways of doing identification. these are issues that have come up in the past. why are we still using things like social security numbers? we have to think about digital identities of a different sort, all the things we have been talking about. if this does not drive that forward, i am not sure what is going to. emily: you may not know equifax even has your information because they get this information from banks, retailers. they may not be getting this information directly from you. we are talking about social security numbers, driver's license numbers. talk about the stock situation. executives sold stock. they found out about this in may. executives sold stock. >> the company found out july 29. within a few days, senior executives at the company were selling stock. these were not part of prearranged sales like we see

many times. to be fair, the company has said to us those individuals, the c.f.o. and couple of other high-ranking individuals, did not know about the breach. emily: why not? why did they not tell us sooner? >> general counsel knows. you would hope the c.e.o. knows. what equifax is saying is they did not know about it. it is a great question. why shouldn't all of the senior executives know about something? it is possible maybe equifax did not know the scale of the breach. people are attacked all the time. we are constantly fending off people trying to penetrate our system. we don't know exactly whether there was wrongdoing. even if we did not know how much was done, the fact it is a credit reporting agency that took this long is clearly not ok. i understand your point. you are right because they do not often know, but

fundamentally they knew they had been attacked. that is going to affect a lot of people. they did not tell people. over the last month, who knows what could have happened to people who did not know about it. emily: exactly. people are feeling helpless. what can you do? >> there is a website. there's a phone number. equifax is offering monitoring services. it is offering -- emily: without waiving your right to sue? youhen you go in there, automatically by signing up are agreeing to arbitration. how enforceable that is because there is already a massive class action brought against them, how enforceable, i am not sure. i don't know whether you will be able to sign up. lawmakers are incensed over this. it does feel over handed -- underhanded and sneaky. you desperation are trying to

find out if you are affected. people may not be reading the fineprint. >> i was one of the people that got hit by one of the previous credit card attacks. ironically, i already had an account with equifax given to meet for free by a forget which one. emily: what are you doing? >> i'm going to check. i have not checked in a while. the bottom line is all you can do is monitor all of your credit card charges and everything else. that is very tedious. it is still not a great answer to the fundamental problem. >> it is very important you keep track of what is coming in and out of your accounts. check your credit cards. check your bank balance. keep close tabs on it. it is a pain, no question about it. but you need to be vigilant. emily: so upsetting. tom giles, thank you. keep us posted. bob o'donnell of technology is -- technalysis, you are sticking with me.

.ualcomm lost the bid a federal judge in san diego denied the request for an order that would make the contractors resume payments after apple stopped reimbursing them. the judge rejected qualcomm's proposal to limit the legal fight with apple to the u.s. say not all the issues can be resolved by american court. apple has accused walk-on of not letting -- monopolizing the market for chips and withholding $1 billion in retaliation for cooperating with south korean authorities. nch has been thrown into china's cryptocurrency market. this is bloomberg. ♪

to bitcoin, falling as much as 7.3% in the u.s. friday after a report claimed the chinese government is -- planning to ban exchanges. it is a blow to the global cryptocurrency market. earlier this week, china outlawed initial coin offerings. joining us to discuss, olaf carlson-wee. still with us, our guest host for the hour, technalysis president bob o'donnell. you run the largest cryptocurrency hedge fund in the world. what does this mean? >> i think it is still unclear what the full picture looks like out of china. it is clear the chinese government has banned ipo's or initial coin offerings.

i think it is still unclear what the status is of cricket crazy exchanges in china. i do know that many exchanges coinsproactively delisted in response to that regulation. emily: i know you are no stranger to volatility, but what does this mean for your business? >> we operate in high volatility markets. we are prepared for this sort of volatility. if you look historically, this is not that unusual for the large cryptocurrency space. emily: we were talking a couple of weeks ago about regulatory issues. do you think other countries will follow china? bob: it will be interesting to see. china went this way and russia went the other way. there is a lot of discoveries to going on. there are still a lot of fundamental questions. you have issues with people not understanding this. whenever there is a lack of understanding, that creates uncertainty. of course, there is the association with anonymous eyman's -- payments for

nefarious purposes. the other issue people have to reconcile and even i admit i'm curious about. when we look at the different currencies, it feels like everyone has decided we will meant our own money -- mint our own money and build up this club of people. it feels a little pyramid like in a way. emily: i want your response to that. before you do, russia getting into bitcoin mining this week is what bob was alluding to. what do you make of the skeptic's perception? >> i do think there is a lot of noise in the space. there are a lot of people working on a lot of different things. it is often unclear what is happening. andst a lot of this noise lots of different people working on different projects, there are within this some really brilliant technological visionaries building the future of our financial systems. not just in the united states but globally. emily: how much value is it

going to have? is there more value in the blockchain were in the actual monetary value of bitcoin and other cryptocurrencies? >> this technology is much bigger than any individual company. i think this is one of the major killer applications of the internet. in my mind, the opportunity space is in the trillions of dollars. the value of the underlying protocols that power the future financial systems of the world over the internet i think will be worth trillions of dollars. bob: i can see that happening. one of the questions i have and still struggle with is, how many blockchains of different currencies can the world support? it is the classic case of this may be a great idea but a great idea times one million becomes a lot less great idea. that is what it feels like we are heading for. >> a degree right now there is a lot of competition in the space. it is a lot of different

developers launching protocols vying to create the platform that becomes the primary one used for future applications. there is a lot of competition right now. i think that is part of why there is so much noise. with that leads to is the best technology and teams rising to the top. bob: does it lead to the fact that as there is one internet, there is ultimately one blockchain? >> not quite. there are lots of websites, like there might be lots of different tokens or cryptocurrencies. emily: would all of those be on the same internet? >> it gets complicated. you have individual blockchains which are basically individual letters. now a lot of technology is coming out that allow you to interact between the various blockchains. one andhave logic on trigger an event on another.

i think the future is hard to foresee what will happen because this technology moves so quickly. emily: we know how china is approaching this and now how russia is approaching this. what line do you have on how the u.s. government will approach this? it is obviously a great interest to you knowing where to put your money. >> in general, regulators in the united states have created thought the legislation around this area. recently for example, the sec put out a memo regarding initial coin offerings and tokens. i thought it was really thoughtful and a well-researched memo. i am optimistic coherent regulation will be put in place. that will be good for innovation and the industry because it will create a framework through which entrepreneurs can act in good faith. on top of that, i don't foresee that regulation being draconian and squelching what is an

emergent technology with a lot of potential. bob: do you think it drives the need for some sort of centralization? even with the internet, you have icann that gives out addresses. there are a few centralized organizations. that seems to be lacking in blockchains and cryptocurrency. >> it is a complicated question. i fully agree with that. governance of the underlying blockchain protocols is very interesting. a lot of development is going into how to determine the path forward for the protocols. example,protocols, for one has voting using the underlying cryptocurrency to determine the path forward for those protocol rules. emily: i'm going to try to digest everything you just said. olaf carlson-wee, thank you for continuing to school us in

cryptocurrencies. great to have you on the show. bob o'donnell is sticking with me. football season has kicked off. fanduel is gearing up for a busy season. next, we hear from c.e.o. nigel eccles on his productions for upcoming matchups. this is bloomberg. ♪

emily: blue apron has lost its second biggest investor. capital world investors has sold 12.9 stake in the company. blue apron has struggled with production issues and recently imposed a hiring freeze. jurors have fallen more than 45% since going public in june. thursday night's game between the patriots and chiefs marks the kickoff of the 20 17th nfl season. the matchup served a surprising result. the start of the season also means daily fantasy football is

back in full swing. scarlet fu caught up with fanduel c.e.o. nigel eccles in new york and started by asking about the upset win an effect on fantasy leagues. >> i think we will see a lot of exciting stories. from a fantasy angle, that is what you get excited about. suddenly, i need to have that guy on my fantasy team. links have you seen between declining nfl tv ratings and engagement in daily fantasy sports? >> very interesting. last year, we saw significant declines in nfl ratings. a lot of talk was about the election anyone-time event. i think the more interesting thing is feeling among millennials has declined for three straight years. we are seeing a shift among younger fans who are saying i will not sit for 3.5 hours and watch sports on television. it needs to come to me.

i think we will see a continued leaguesunless the focus on away of engaging the millennial's to grow their audience. >> it was a shock for the nfl to see that kind of decline in ratings last year. what league do you think understands it the best? >> the nba has a strategy of we need to be where the millennial is. we want to be on facebook. we need to be on snapchat. some say they're giving away too much content. i don't think they have a choice. they need to be where the consumer is. i will give you another example. nbc made a huge investment in snapchat. they said when the x come is theyour biggest fear do not even know what happened because they were on snapchat. they were not on tv. nbc has done a great job of being on snapchat where the audience is so they know the

olympics is coming. >> many offerings for the sports fan. you and draftkings called after merger in july. both companies are going at it on your own. what are you doing differently now before -- from before the planned merger? >> there are a number of things we have been working on for years. one of the biggest ones is social. in fantasy sports, most people play because they want to play in a league for social reasons. a variant of that created excitement with big prize pools. the we felt was missing was ability to do that with your friends. yearwe have launched this to playou to create with friends but play in a daily format. stuck with an injured player for the season. next week, you can pick a new player.

you can play through the season with your friends. >> more flexibility for each player. >> and playing with your friends. >> we have seen a lot of ads pop up. you and draftkings spent a lot of money on advertising. what did you learn and what adjustments are you making? >> 2015 was about getting the brand out there. 2014, people have not heard about us. 2015, that changed. it was very successful. it brought on other challenges we worked through. what we have done on marketing since then is to focus on why you play and put the product front and center in the ad. you will see the product is in every shot. our players love the product experience. on nfl sunday, our players will spend at least an hour on our app on average. they have it open all the way through the game. they love it. sayalked to our players and

if you had to delete apps, it is one of the top seven apps that gives them so much excitement and enjoyment that they need that. emily: the fanduel c.e.o., nigel eccles. coming up, more on the equifax hack that may have struck nearly half the size of the american population. we take a look at the state of global cybersecurity next. this is bloomberg. ♪

mark: i am mark crumpton in new york. you are watching "bloomberg technology." let's begin with a check up first word news. florida gov. rick scott is urging residents ordered to evacuate to get out now. scott says people should do the

right thing for their families. irm could be thea most destructive storm to hit florida in a century. irma is at warns dangerous, life-threatening storm. that those who do not evacuate will be on their own until the government can get back into storm-ravaged areas. >> it is a large storm. you need to start thinking through your own personal accountability. please make sure to take care of yourself first so you can take care of others, take care of your loved ones. and if you are able, take care of strangers and those in need. mark: british prime minister theresa may says every effort is being made to assist those in the british virgin islands before hurricane josé reaches the area. she spoke after the emergency government meeting in washington

where she heard from governors in the region. >> i heard direct from governors in the region, including the governor of the british virgin islands where the eye of the hurricane went directly through the capital. i also heard about the work the military personnel have undertaken already and will be doing in the future. mark: president trump on friday signed the nearly $15 billion aid package for harvey victims, according to the white house press secretary. the senate and house earlier gave final approval to the deal reached between president trump and democrats that suspends the debt limit and keeps the government open through december 8. the death toll from the magnitude 8.2 earthquake that struck last night off mexico's pacific coast is now at 58 according to the country's civil defense chief. several buildings were reduced

to rubble following the strongest earthquake to hit mexico in a century. north korea is threatening the u.s. for what it calls nikki haley's hysteric fit at the united nations. the u.s. ambassador said north korea was begging for more by detonating its most powerful nuclear bomb on sunday. the united nations is drying up a plan to provide nearly 300,000 muslims fleeing myanmar, blanca -- bangladesh, with the central services until the end of the year. while more than 270,000 fled the country by land, more are attempting the journey now by sea. global news 24 hours a day. i am mark crumpton. ♪ emily: welcome back to "bloomberg technology." i am emily chang. the equifax data breach, hackers

thaninformation on more 100 43 million people including social security numbers, addresses, credit card numbers, driver's licenses. because equifax gets its information from a variety of places, the people affected may not know equifax had their data. joining me to discuss one of the largest data breaches on record, he servedrrante, under president obama and president trump on the national security council and spent over a decade at the f.b.i. really was chief of staff of the cyber division. what is your reaction to this incredible and wide-ranging attack? >> emily, you said it well. it is an incredible cyber breach. i think the scope and scale is yet to be determined. i think it is safe to say this breach is going to affect every single family in america. emily: what do we do? >> well, that is a great

question. i still don't think we are getting clear messaging from equifax. the messaging on their website said criminals hacked their system. i would like clarification from equifax. do they mean these are financially motivated actors or are these just criminal hackers that broke into their system for the purpose of stealing this information, like the opm breach, for the purposes of intelligence information on u.s. citizens? still to be determined. emily: tom giles was with us earlier and made the point that this information is desirable but protecting it is the most important job for a company like this. why would they have a vulnerability or such a large vulnerability in their system? >> that is a great question and one we will need answers to. the fact that they were the custodian of this data is a huge responsibility.

it is one of the first questions we ask our clients when we meet with them. what is your most critical asset and what are you doing to protect the asset? in many cases, their asset is that information. as we have seen over the last few months and years, information cannot only be an asset that it can be a liability. in this case, it looks like it will be a liability. emily: you work with the f.b.i., both presidents. what does the f.b.i. do now? what does the white house to? >> that is a great question. i would consider this a significant event. i think it is fair to say based on the severity schema, this is likely to result in demonstrable impact to public confidence. i think it is safe to say of a confidence is shaken and we need to better understand what is going on and who has been affected by this. i think it is fair to say the u.s. government is scrambling their cyber response efforts to

better understand the scope and scale and impact and potential impact. emily: all of this information we can assume is out there now on the dark web. active credit card numbers. what happens to that information? >> that is a great question. it is something investigators are going to have to dig into. the credit card information i am not so worried about. it is more about the personally identifiable information. all of the information you need to open up a mortgage on a home or get a line of credit at a bank. this was more than just personally identifiable information. this is everything about every american family in the united states. what is worse is american citizens, they did not consent to give this information. for example in home depot or the target breaches, citizens went to those stores and shopped there. in this case, equifax obtained this information from other

providers. some people did not even know their information was stored at equifax. emily: we talked earlier about the website equifax is asking customers to log on to figure out what happened to their data. that website requires these customers to waive their right to sue the company. if you are a customer, what are we supposed to do? >> i think we are going to see that change pretty quickly. there has already been response by various attorney generals around the country. i think the reality is that millions of people's personally identifiable information was stolen and equifax needs to immediately implement measures to protect their identity and ensure further harm is not affected on these individuals. the potentiale global risks from other countries, rogue states? >> there is risk everywhere,

especially cybersecurity risk read the interconnection of computers allows these actors to commit the sort of acts from the comfort of their living room. the reality is the more we evolves, theology more risk is introduced into our lives. actors actors, criminal to nation-state actors, that liferisks to our way of and business operations every day. emily: on that note, not to exalt equifax of responsibility, we certainly do not know what protections they had in place. is it possible in this world where technology powers everything to make a company, make data like this hack-proof? >> i do not think there is such a thing as a silver bullet when it comes to cybersecurity, but

there are steps companies can take to ensure their most critical information is stored safely and security. that is the first thing we talked about when we meet with our clients. what is your most critical asset? then we work diligently with them to protect that asset. i think it is important. every company needs to consider viewisks from a 360-degree because these risks can come from physical threats to cyber threats. emily: anthony ferrante, thanks so much. great to have your perspective on this. hurricane harvey has been destructive. it has also been called a seminal moment for drone operators, proving they can effectively map flooding, locate people in need of rescue, and verify damage to speed up insurance claims. there is also a downside. licensed humanitarian's say it has attracted irresponsible users who have hampered emergency crews and are more twisted in making a social media s plplash.

until he system is created, this remains an issue. another legal battle is barreling towards uber. we will bring you the details on the f.b.i.'s probe of the company. this weekend, we will bring you our best interviews of the week including the interview with michael dell who gives us an update on the company's one-year anniversary after completing its massive acquisition of emc. tune in this weekend. this is bloomberg. ♪

emily: the shift from diesel to hybrid or electric cars in europe is pushing ahead at a rapid pace. vehicles used by uber in london will be hybrid or full electric

by 2019 with plans to install charging systems in the next few weeks. the company claims more than half of the london journey miles are already hybrid or fully electric. the f.b.i. investigating whether uber used software to illegally interfere with rivals in new york, according to people familiar with the matter. federal prosecutors and f.b.i. agents have been investigating a program at uber that allegedly allows the company to spy on drivers from lyft. thes the latest battle for ride-hailing giant facing other investigations by u.s. authorities. joining us to discuss, eric newcomer. and still with us, our guest for the hour, bob o'donnell. eric, what is uber accused of doing? >> they are using this program ,"ich they terribly named "hal

like idiots. i think they would say that now -- to sort of examine the lyft app and see where drivers are and potentially figure out what drivers they could recruit to be uber instead. emily: how did they do that? >> it is sort of complicated. i think it is a bit of software p throughthe lyft ap technology to understand the free information lyft was probably giving away. uber figured out we should not show it so they cannot get it. they used that information to have a leg up over the competitor. bob: it raises an interesting question about the services in general because this kind of data scraping theoretically could happen lots of places. emily: is it even illegal? bob: it is a question of terms of service. there are a number of things that could potentially be very dicey from a legal perspective. it does raise the question of,

does this sort of thing need to be monitored more closely? does there need to be some kind of legal control over that? are there certain things that need to be prevented? once all these data services start getting out there, this is exactly what could happen in a lot of other areas. uber got caught first. >> on the cutting edge. [laughter] bob: fundamentally, this is beenctive of what uber has . the bigger question in my mind is, how does this get played out in other places and other industries? emily: what could the consequences be here? >> we know the f.b.i. is avestigating, so that is not group of people i think companies would want to be investigated by. i don't think we know the exact statute they could be accused of or what the consequences are.

we know there is this inquiry and that is where things stand. emily: this is not the only thing uber has potentially done wrong. we also have the gravol campaign. >> that was another crafty software trick. if i'm a law enforcement official, uber would figure out you seem to work for the government. we want to make it hard for you to chase down our drivers where we may not be allowed to operate . it would be harder for you to find scofflaw uber drivers. bob: they could track celebrities because they can track who was calling up uber. it goes back to having control over a lot of data people do not recognize have a lot of underlying value. emily: a new c.e.o. just started. a lot on his plate. what are you hearing about how it is going so far and how he might approach these kinds of issues?

tuesday, having meetings with top executives. a very busy schedule. certainly, he knew there were legal issues when he joined. one board member is suing another. now it is an arbitration. there are lots of legal questions going on at uber. the federal, justice department inquiries are very serious. we did not even mention the foreign corrupt practices act. we have three. hal, gravol, any foreign corrupt -- and the foreign corrupt services act. we are trying to figure out which foreign country and what the incident was, but we know there is an inquiry there. there are a lot of questions. emily: piling up. eric newcomer, thank you for keeping us updated. bob o'donnell is sticking with me.

daysg up, just a few more until apple rolls out the red carpet at its new campus for one of the most important product events in years. we will hear from gene munster about what he is excited for, next. this is bloomberg. ♪

emily: samsung the sharing a few details around customer demand after the release of its note 8. available inl be stores september 15. apple has sold more than one billion iphones since it was launched 10 years ago. although the company changed the tech landscape forever with its smartphone, apple has been facing an uphill battle the last few years competition and slowing sales in china. can the new iphone usher apple into a new era? bloomberg markets spoke with gene munster.

>> consumers now know it is going to be tight supply. it had supply not equaling demand until the end of december. i will add one other quick point about that. remember the debacle around samsung a year ago. that almost had no impact on the iphone business. people who were committed to android and samsung stayed committed. i think iphone users will equally stay committed. >> as usual, i've gotten a lot of nibbles and leaks about what the apple announcement will entail. in terms of what we do not know, what are you looking for? what you want to know from apple on tuesday? >> two things on the edge. are they going to come out with thateless apple watch would not need to be paired with an iphone? to be able to take phone calls and text messages with just the watch?

i think the probability of that is less likely but some people are speculating that is going to happen. it will be a great product for apple when they do that. the second piece we are looking for is something around content. apple has made some recent hires. they have some new office space in hollywood. they have made some comments regarding original content. it is unlikely but we might get a chance to see that. i will throw a third thing on i am really excited about, just a chance to see steve jobs theater. that was his last and final product. i think people are eagerly awaiting to see what that looks like. emily: gene munster of loup ventures. still with me, bob o'donnell of technalysis. life excitement about the new iphone. others are saying you can get phones in china just as good and cheaper. is that true? bob: it is true. when you look at what apple has

done over the last couple of years, they have been all about perfecting technology other people have done first. that is the claim. a lot of those technologies appear first in china. you found chinese consumers have become more accustomed to that as a result. you have seen apple struggle a bit in china. tim cook has talked about how critically important china is to apple, and yet they have been struggling there. will the new phones overcome that? there has been the brand cachet apple has. there are concerns at the price points for the new design, can they maintain that? nationalism drive the big phone companies now beating apple in the china market? emily: i get the price, it is cheaper. when it comes to the features, what did the companies to better than apple? bob: they have had the edge displays for a long time.

two cameras. things like that have become important for a lot of people. if you look at what samsung just haswith the note 8, it two cameras and beautiful edge displays. the big question is if the iphone x or whatever it is is so good from a design perspective and there is no other less expensive step down version, will that hurt sales? 7s plus will be similar. if the other is cool and expensive, how does that impact sales? emily: you don't think people would buy the 7s instead? the noteeople likely 8, they can go back and get the same design. that is the comparison important to look at. emily: what are the other

things? bob: gene mentioned other devices. they will clearly do a four k apple tv. apple is talking a lot about services and content. this will drive more services, movie content, potential music content, home pod. those are the things i will be looking for as well. emily: steve jobs theater, you will be there? bob: oh, yeah. emily: i'm excited to see it. bob: that will be very exciting. that will add an aura to the whole event. and they knew that. i think that will drive a lot of discussion. there is a lot on the line long-term. them, delays to impact especially on the nice new design phone, that could be an issue. it will do great. it is an iphone.

people will buy new iphone, no question about it. fundamentally, how does it impact the mix? emily: we will be watching to see how quickly they start shipping. bob o'donnell, i will see you on tuesday. thanks for joining us. we will see all of you as well. turn into bloomberg tv for our special coverage of the apple event. we will have to reaction was a great roundup of guests. it all kicks off tuesday at 1:00 new york time. that has it for this edition of "bloomberg technology." we are live streaming on twitter weekdays at 5:00 in new york, 2:00 in san francisco. that is all for now. this is bloomberg. ♪

♪ from our studios in new york city, this is "charlie rose." charlie: we begin tonight with politics. in a rare moment of bipartisanship, president trump struck a deal with democratic congressional leaders on wednesday. they agreed to increase the debt ceiling and provide federal aid for victims of hurricane harvey. the deal keeps the government funded until december. of the deal, the president said this afternoon, i think we will have a different relationship than we have been watching over the next number of years. joining me from washington, a white house reporter for the "washington post." margaret