"bloomberg technology." president trump chooses jerome powell to become the next head of the fed. if confirmed by the senate, he would succeed janet yellen when her term ends in january -- february. president trump once the gop tax overhaul signed into law in time for the holidays -- president the gop tax overhaul signed into law in time for the holidays. president trump: we are giving them a big, beautiful christmas present in the form of a tremendous tax cut. it will be the biggest cut in the history of our country. the planmocrats say primarily benefits large corporations and wealthy investors. trump's national security adviser h.r. mcmaster says north korea could be returned to the list of countries the u.s. believes sponsor terrorism. his comments come on the eve of president trump's trip to asia. trip kicks off on

friday. paul manafort and his longtime business associate rick gates will remain on house arrest, at least through the weekend. a trip kicks off on judge declined a request from manafort's lawyer to remove gps monitoring. global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. ♪ i'm emily chang. this is "bloomberg technology." apple beats estimates for the fourth quarter, just as the most advanced iphone ever begins selling in stores worldwide. details of my conversation with tim cook as the clock winds down to the official start of the iphone x era. alibaba shatters second quarter forecasts on its earnings day and plans to go full steam ahead the rest of the year.

how china's e-commerce king's expansion into new businesses helped nearly double revenue. my wide-ranging conversation with former twitter ceo dick costolo. his take on holding big tex accountable for the -- big tech accountable for fake news on their platforms. first, to our lede. apple out with quarterly earnings. the company forecasting holiday sales that exceeded analyst estimates, suggesting strong demand and few supply issues for the iphone x. this is apple's most important product launch in years. shares hit records this week and continue to rise in late trading. the iphone x going on sale in stores worldwide starting now. we've got live pictures for you of the apple store in sydney. these people have been waiting outside overnight. more than 200 folks waiting for the iphone x. they just opened the doors. consumers walking inside. employees clapping. lots of photographs happening there.

people waiting outside of stores in tokyo and singapore to get their hands on this new phone. joining me in the studio, julie ask. let's start with the numbers. they look good. especially the forecast, which means the outlook for the iphone x as of now is strong. julie: i think so. everything looks to be that way. it's a bold move to sell a device for $1000, but it proves demand for their devices remains strong. emily: we've been looking at wait times of five weeks to six weeks, which is longer than any phone previously and suggests some supply issues, but i did ask tim cook about this when i spoke to him on the phone just moments ago. didn't seem to you worried about it. he said this is simply the most advanced iphone ever. we are just getting started, but i'm really happy with how the ramp is going. i think we will make some reductions in wait times today or tomorrow. so, we can expect to see the wait time go down. julie: i think that's definitely

the case. no organization builds capacity to hit peak demand. certainly they have been producing these devices for a while. the other thing apple does well is they meet or beat expectations. while they may be setting of four to six week s, i would not be surprised if consumers start getting them earlier than that. with: what's your takeaway people waiting in line for their phones in sydney? julie: i think it's exciting for apple. when you look at the iphone x, it represents almost 70% of their revenue. it's going to be interesting to see the details of the earnings release, in terms of what's the other category doing. the number one watchmaker in the world -- at what point are they going to break out devices like that? also, there is a keen eye on their services business to see what extent that is growing. emily: which, by the way, it grew 34% year-over-year, the fastest it has ever grown.

how long can they keep up that kind of growth? julie: it's always hard to get a number, the bigger base there is, but there will only be more momentum in this market. the more devices i own, a watch, a tablet, a computer -- there's only more incentive for me to sign number, the bigger base there up for services like apple music and other services that can work across all these devices. this ecosystem of devices begins to play in their favor. emily: let's talk about china. apple returned to growth in china. there had been some questions about whether people are going to want to pay up for a phone that is this expensive when you have alternatives that are pr iced less. i asked tim cook about china. he said, "the mac was strong, our best quarter in mainland china ever. our services hit an all-time high in china." the other businesses are doing very well. specifically in response to this question of whether people will see,he iphone x, "we'll

but i suspect china will really love the iphone x." julie: he will probably talk more about that. this is a bit of a halo device. this is going back to the early generations of the iphone, when people camped out outside of the stores. what i think you may see is, there is a lot of demand for this product, but what we may see is a slowdown in how frequently i refresh that. costs what my now laptop does. are we going to see people get closer to a 30-month cycle 4-month cycle so they can justify the cost? concerned you at all about the iphone x cannibalizing sales of the iphone 8? julie: apple is good at this. this is what they do. they bring out a new product. this year is unique in that there are two new products. they are good at adjusting their prices on the products that have been on the market longer. they can still do well with those products. emily: as we watch the rollout

happening around the world over the next 24 hours, what are you going to be watching for? julie: i don't know if there is something specific we are watching for, but i will in -- be interested to see what numbers they release, what the preorders are, how much demand there is for the device. anecdotally, the demand seems to be very strong here in san francisco. emily: we are listening into the earnings call right now. we will bring highlights as we have them. i know you will be listening to that call. we will be catching up with this call throughout the show. thank you so much, julie ask, forrester research analyst. we continue to watch the price of bitcoin move higher. it surged about $7,000. the latest boost to the price comes after the cme group, the world's largest exchange owner, says it plans to introduce bitcoin futures by the end of the year. earlier, lloyd blankfein gave his outlook on the cryptocurrency. >> i have a level of discomfort with it. i have a level of discomfort with anything that is new, but

i've learned over the years that there's a lot of things that work out pretty well. emily: meantime, another banking ceo also commented on bitcoin. speaking at a news conference in zürich, the credit suisse ceo called the digital currency the very definition of a bubble. coming up, we will discuss alibaba's continued dominance in the chinese e-commerce market as the company turns in another blockbusting -- gutbuster earnings report -- blockbuster earnings report. take another look. the iphone x now on sale. this is bloomberg. ♪

year of monster growth, alibaba has raised its outlook for full-year revenue growth. this after china's biggest e-commerce company blew past forecasts in its latest round of earnings. it's results were boosted the banks -- its results were boosted thanks to -- alibaba is a top holding in this index. what was your biggest takeaway from the numbers? >> acceleration. it's amazing that a company of that size can grow at the rate it's growing, but the growth rate has actually accelerated from a year, 18 months ago, crowing about 40%, last quarter in the low 50's, this morning 51%. emily: what are your thoughts on the new retail plan? : i think it makes a lot of sense. you see a lot of the same things happening here now. amazon has bought whole foods. it gives them physical

a more diverse area. and alibaba have been pretty aggressive in this resort -- regard. it's exciting. a new chapter of online to off-line. emily: we are looking ahead to singles' day very soon. how big do you think singles' day is going to be this year? how significant? the singles' day growth numbers year-over-year have not been as great as the annualized numbers for forecasy conservative 20 billion dollars to $22 billion, but it could exceed that. certainly, it will be at least $20 billion, possibly $22 billion. one of the things that is exciting about singles' day now, it's not just people buying physical goods. insuranceve seen an company that went public a couple months ago in hong kong. alibaba is an investor. they sold 100 million return

insurance contracts that day alone, something like 13,000 per second. i think it will be an exciting singles' day, as it is. i don't think we will have 61% growth as the quarter had. emily: what do you think about the future of alibaba in the context of the chinese economy at large? how optimistic are you that the chinese economy will continue to grow as it has? kevin c.: i'm very optimistic and confident it will continue to grow. the growth rate will slow down, as we've seen for the last decade. it will go from 6.5% to 6% to 5%, and that's almost certain. but the breadth of involvement they have in the economy -- a lot of people don't realize the number of investments they have. it's not just e-commerce with alibaba. it's alipay, payments, physical locations. i think there's a lot of growth sector andfor the

for alibaba. emily: the ceo was asked on the call about the outlook for subscribers. he didn't give a straightforward answer, but talked about how the program is different from amazon prime. what is your outlook for subscribers? right..: you're they didn't give very clear guidance. the user base numbers are going to have to flatten out. they have a pretty decent percentage of the population, so i think flattening will definitely be the curve in terms of members. but in terms of the amount spent by members, i think that number is still -- still has a lot of room to go up. .mily: shares have been surging can the share price continue to grow as fast? kevin c.: in the long-term, share prices follow earnings. in the short-term, they follow sentiment. i think that valuations are still quite reasonable. if you look at the whole sector of emerging markets internet companies,, the tea/e multiple es maybe 35% to 38% -- the p/

multiple is maybe 35% to 38%. growth basis, it's about one. mid- -- awith the mid-to-long-term timeframe will do well. emily: how much growth are you expecting in the cloud? how important is that unit to alibaba's future? kevin c.: it was just another 100% growth quarter. the cloud, even here for amazon, the web services -- i think both of those businesses are still very much in their early stages. i know as an entrepreneur, i'm just about to sign my first cloud related deal with amazon web services. so, i kind of think it is probably still quite early for that business in china for alibaba as evidenced by the 100%

growth. emily: kevin carter, founder of emqq. thanks so much for stopping by. a new chapter in the bitter legal battle between apple and qualcomm. welcome has sued apple, accusing the iphone maker of failing to abide by the terms of its software license. the chipmaker filed the suit on wednesday in california state court in san diego. the two companies are embroiled in an escalating dispute over technology licensing fuse -- fees that qualcomm covers for patents that cover the basics of how mobile phone systems work. apple says qualcomm is unfairly charging too much and leveraging its strong market position in chips illegally. coming up, house republicans unveil the tax cut plan today. it impacts big tech immensely. we will give you all the details. that's next. once again, take another look at this live shot from inside the apple store in sydney, where current time, just after 8 a.m. on friday, the highly

anticipated iphone x on sale now. we will be watching. ♪

emily: president trump said today that semiconductor company broadcom will be returning its headquarters to the united states from singapore.

the ceo joined the president in the oval office for the announcement, where the president touted the amount of money that will come into the u.s. as a result of the deal. president trump: their move back to the united states and to the united states is something very special and very important. you've been seeing this happen with numerous companies. more thancommitment, $20 billion in annual revenue will come back to our cities, towns, and the american workers. house republican leaders rolled out there sweeping tax plan in washington this thursday. among the highlights, cutting the corporate tax rate to 20% and reducing the number of individual brackets, plus eliminating the estate tax. several of the biggest corporations in the u.s., including apple, would no longer be able to escape taxes on the trillions in overseas profit they have accumulated. according to an estimate by

goldman sachs, u.s. companies have stockpiled as much as $3.1 trillion offshore. the largest stockpile the lungs to apple -- stockpile belongs to apple. now, with how this impacts big tech and perhaps venture capital, mark milian. what does this mean for a company like apple? mark: for a company like apple, they generate a lot of their profits locally, so the 20% tax rate is a good thing, but they also have an immense amount of money overseas. so, the 12% tax on overseas cash is a big source of concern, and they're going to continue to tax foreign subsidiaries going forward, assuming that this tax plan passes, which is a big assumption. not great for big international companies keeping a lot of money overseas. emily: apple has nearly $250 billion overseas. -- we are looking

at a rate of si as 12%, when we thght it would be closer -- of as high as with how this impacts big tech and perhaps venture 12%, when we thought it would be closer to 10%. i spoke with the cfo of apple just a few moments ago. that," we've always been a very -- that, "we've always been a very strong advocate for corporate tax reform. it will drive job creation in the u.s. however, we don't know the details and given the dreadlocked -- gridlock in washington, what we see now is perhaps not close to what we will see later." mark: they are probably telling investors, don't worry too much right now, this is not even the final tax plan, they will continue to make markups to this, and it may not even pass. this is -- they have a month and a half to get this through, which is kind of crazy the world of washington. emily: explain the impact you expect this to have on the private market as it stands now. say this plan we see now is --

mark: it's got a lot of great things for private companies. for example, there is a lot of talk, especially during the campaigns, about this tax law called carry interest, which would affect venture capitalists bit, because they make a lot of their compensation from these carry interest taxes. the venture capital trade group has also told my colleague, lizette chapman, in an interview, that they are expecting changes to the way that startup employees exercise stock options, which allows them to defer when they have to pay taxes on a huge chunk of their compensation, which they get in stock. for startupgreat employees out here. the one unexpected caveat is this tax on university endowments, which are huge investors into venture capital funds and hedge funds and

private equity. now going to be paying 1.4% tax. they are a little freaked out about it, that they are targeting universities. emily: what does it mean for individuals, now going to be paying 1.4% specifically silicon valley billionaires? mark: they tend to skew liberal anyway, and they are not as sensitive to taxes as other wealthy people. but they didn't get the high-end tax break that the republicans, and thely the president leaders in the republican and te leaders in the republican party, have been pushing for in the senate. also, the exemption for electric cars, getting tax rates on electric cars going away -- tax breaks on electric cars going away. emily: what are we expecting in the next month? just a lot more gridlock, a lot more debate? mark: it's going to be a race to the finish. they're already describing this

as a watered down tax bill. now that the details are public, especially to the democrats in the house, there is going to be a lot of infighting over what stays in, what gets pulled out. and among the wider republican party in the house. that's just the house. emily: mark milian, thanks for breaking it down. coming up, big techparty in the. ceos declined to testify before congress this week. we found out what twitter's former top executive thinks about this week's capitol hill hearings. that is next. we will hear from dick costolo. take another look at the live shot from inside the sydney apple store. almost 8:30 a.m. friday. the highly anticipated. iphone x on sale now. apple ceo tim cook is currently speaking on the company's earnings call. he just said "we expect it to be the biggest quarter ever." we will continue to monitor headlines from the call. we are listening in right now.

this is bloomberg. ♪

i'm mark crumpton in new york, and you are watching "bloomberg technology."

president trump today chose federal reserve governor jerome powell to succeed janet yellen, who becomes the first chair of the fed in decades to be denied a second term after completing a first. massachusetts senator elizabeth warren spoke to bloomberg after the announcement. senator warren: janet yellen is very clear that she wants an economy that works for working families. jerome powell has been with her on a lot of that and that goes a long way with me. mark crumpton: if confirmed by the senate, powell will take over the fed in february. a spanish judge has ordered nine ex-members of the government in catalonia jailed while they are investigated on possible charges of sedition, rebellion, and embezzlement. catalan lawmakers and former officials who appeared in court in madrid for questioning returned to barcelona today and were greeted by pro-independence supporters at a train station. british brexit secretary david davis says the likelihood of exiting the european union without an official deal is,

quote, "improbable," but he didn't rule it out. davis said there is a plan b if talks break down. >> even a no deal is not likely to be a complete blank slate. there will be talks. i talked about what sort of basics, such as aviation, nuclear trade, where there is massive amounts to lose on both sides, where i would expect there to be a deal in any event. mark crumpton: global news, 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. it is just after 5:30 p.m. here in new york, 8:30 friday morning in sydney. i'm joined by bloomberg's paul allen with a look at the markets. good morning. paul: good morning. new zealand trading for 30 minutes so far this friday morning, looking kind of flat right now. the dow and the s&p moderately higher.

the nasdaq off a little. strong results from apple after the close. asx futures looking a bit brighter, up 0.3% right now. nikkei futures modestly higher as well. the aussie dollar has pushed back above $.77. iron ore within touching distance of $60 per ton again. the aussie surged on thursday on better-than-expected trade data. retail sales expected to rise 0.4% in september after an august the klein. elsewhere -- august decline. elsewhere, we are waiting on pmi coming out a little later on. i'm paul allen in sydney. more from "bloomberg technology" next. ♪ emily:emily: yesterday, lawyersm

bloomberg and facebook were possiblelled about the -- about how russian interference in the 26th an election occurred on the platform. his ideas on what went down in congress this week. we again by asking what went down. into think if we separated three things, i think there is a responsibility once they understood the problem and the issue, to discover the scope of it and address it. and i think they are doing that. they would be a mistake to say that the responsibility for missing it come this is things that have come to light after the election come i was not anything that anyone new had happened in previous elections and there is extensive work to be done to figure out just how deep it was.

emily: twitter has already announced some changes, what changes do you think they should they made a statement? they said that they will be more progressive on abuse, so i think those are great steps. i would like to see it be more aggressive. emily: some people say that the assets are not really a problem, it was the number of fake accounts. people pretending to be someone else. yes, traders said yesterday in a hearing that a believe that -- >> do you agree with that? some people think there is a lot more. >> two things i would say about trust the folks who are in the company, if they give us the number publicly, particularly in the senate and

house hearings, i would believe that that is the correct number. the thing that you have to remember about this, this sort of these researchers that come they are going off some of .he road feeds -- the raw feeds >> is it true that to some degree,? these networks are essentially ungovernable? because you have very few people tend to monitor many account? costolo: no, i do not think it is true. i think you can apply all sorts of machine learning techniques grievancekinds of all to do -- all kinds of all the rhythms to do the things that you want them to, or checked in the community, being sure that the information being delivered

on a platform to the best extent possible is not foreign thatganda or fake news, or -- to use that term. emily: someone was on the show yesterday and he called the proceedings "fraudulent". he believes that it is completely ridiculous to play in the social network companies for potentially swing the election and spreading the information when there is a broad spectrum missing of what information actually is. what do you think? costolo: i would take a more nuanced approach to the answer. on the one hand, you can say that people rely on television all the time. you could point to one or two news networks and fate welcome and that was not remotely true, so it is not facebook, twitter, and google's problem, it is everyone's problem. my position is a lot -- we have

to take responsibility for trying to prevent this from happening. and as leaders in the technology field who are delivering a lot of this information to users using algorithms which we think are best suited to deliver them the right information, we need to bear responsibility for addressing this. i do think -- i watched some of the hearings yesterday and i was proud of twitters council who was there, one of the more ethical people that you could meet, and i do think that it would have been better if the hearings were more about problem solving and finding solutions and less about political theater. you get these long-winded statements that come with questions in the form of a neck is asian which seems to be designed to make the person answering the question look either complicit or stupid. choose one. i would like to see them be more to findrking together

solutions and problem solve and set of blaming people and trying to get on the evening news. >> do you think twitter is a media company and if so then what responsibility does it have? costolo: it is certainly in the media business. there is a sense in silicon valley that these companies are that are onlys, responsible for distributing information and not making decisions. the fact is, these companies, all of them, youtube, twitter, facebook, they make editorial decisions all the time, suspending an account which does not meet their standards or nudity come up in order for you, whatever. companies that these will, wedmit, if you make editorial decisions all the time, and we need to live with that and understand that that is art of being in the media

business, even if we are a technology company. it means that we will have to take more responsibility for the editorial decision. emily: so what are some solutions, as you see them? clear,: listen, let's be the ads are coming from uncle "mums forwhen it trump" it is not that simple. i do think that you should probably only take political ad from organizations that are registered in the country and where the election is taking place, that seems like an easy one. things like that, that do not let the election fall outside the bounds of that region in which the election is taking place, or influence which starts to extend outside of the bounds of that region.

that is a simple and obvious one to me, it seems like. the problem with legislation around things like transparency is that the organizations are not going to name themselves -- "the former soviet republic of so-and-so", they are going to name themselves something like california or democrat organization -- it has to be more about making sure that the organizations themselves are registered, paying taxes, filing their forms etc. in the countries in which the elections are taking place. emily: you have been vocal about harassment on these platforms and i am curious of your reaction -- twitter has had they will change the way they support nationally that the approach harassment. -- "e wake of the "need to

too"paign -- the " me campaign. do you think that is a problem for twitter? see been i think -- costolo: i think it is something that they should address the reared it is a way for people to get their information out in a moment, and it will be that way for years to come. they should get aggressive now. work: is it a matter of let me just add one thing to that. the word that is used is "transparent". what would also be helpful for a lot of these organizations is to provide context for why a certain decision was made. it is one thing to say we made this decision because of this

specific tweets but people can draw their own conclusions. you canw hard it is, spend all day doing it, but it would be helpful to say, we make this decision about this specific use of content for these kinds of reasons. that might not solve all of your problems or answer everyone's questions, but it will start to give people a better understanding of what is going on behind the scene. emily: that was my interview with the former twitter ceo, dig estella -- dick costolo. not american lawmakers are the only ones concerned about alleged russian interference in their political processes. the united kingdom elections regulator is looking at whether russia try to use social media to illegally influence the brexit vote. he is speaking with both facebook and twitter to see who paid for any political ads

in the running of the vote to leave the eu. coming up, two of the major players in the new kit delivery were are heading in different directions. fresh and blue apron. and, we continue to monitor the opening of the apple iphone asked lunch. >> our entire wearable business was up 75% year-over-year in the fourth quarter. and in fiscal year 2017, already generated the annual revenue of a fortune 500 company. ♪

♪ shares fell to the lowest level since the real kit delivery service, blue apron launched. the revenue is bidding analyst

estimates but the growth seems to be slowing down. there are facing increased competition from competitors like hello fresh and amazon. there are also having problems in the company joining me to discuss this is alex barinka .rom new york alix alex: estimates have come down a bit as folks are not so optimistic as to where this company is going. when i looked at the actual results, a few things jumped out at me. the first is that you have to remember that this is a company based on its marketing ending. when it comes to customer acquisition, it is important for blue apron to continue sending out marketing and if they had issues firing up fulfillment when it comes to customer acquisition, itcenters, bidding, they actually spent less on marketing as a percentage of

revenue. here, 24.8%, that was a quarter before the ipo, the share that they spent on marketing. the third quarter that came down to 16%, and that comes out to be around 50% of revenue going to marketing. why is that important? when you look at the number of customers blue apron has, and the amount of customers the company is losing, pre-ipo they were sitting at one million customers. just third quarter, it is closer to 856,000 customers. none of those are good things for a money-losing company that is now against companies like amazon "fresh" and hello fresh across the pond. emily: so alex, what do they need to do to turn the ship around here? a centery talk about

in new jersey and they have also scrapped plans for another location in color. there were talks today about improving margins and pushing profitability so that they have capital to put to use as they continue to build center in new jersey out. that would give them the ability to spend more on marketing and find more on acquiring customers as they go for. th. . but the stock price today has to be because -- they sent to state that is said today that their -- they for losses expended that to $135 million in the second half of the year, down by $10 million more than what they thought a year ago. emily: do you think hello fresh is getting a more positive reception? >> they have said that they would like to come and be profitable in about 50 months, comfortable saying that they are

moving into the u.s. market. for this company, the onus is on the logistics operation. blue apron stumbled on that hard with its problems in their linden fulfillment center, their problems of shutting down plants. in the california center tell a fresh seems to have a bit more of their house in order. and if you have the ability to continue building out your operations and pushing into "hello fresh" market in europe specter u.s., and the of amazon with their new asset, whole foods. emily: thank you, alex barinka. thank you for the roundup. coming up, more highlights from the apple earnings call which is trying to wrap up. meantime, check out the live shot of an apple store in sydney, customers getting their hands on the iphone x for the first time ever. there are lines in tokyo, singapore and around the world. this is bloomberg. ♪

>> we ended the quarter was two hundred $69 billion cash and marketable securities, an 7.4 billion. 94% of the total was outside the united take. emily: that was apple ceo luca maestri speaking on the apple earnings call a few moments ago. demand is high and expectations for the iphone at our high with lines forming outside stores across the world. we just saw people getting phones outside sydney, and the apple ceo tim cook is admitting

that he cannot predict whether apple will meet demand. i am joined by mark gurman who follows and covers iphones and he has been blogging. mark, what are the big takeaways in terms of what you've heard of her the last hour? gurman: it is very interesting, tim cook said he does not know that are long is due to low supply or high demand. my perdition is it it is both, a lot of people want these things and it is difficult to produce because of the screen and of face recognition scanners are hard to produce. emily: he expects that wait times are going to go down today or tomorrow, as they start to get a better handle on things, and he said he is also very pleased with the ramp up. you are looking at life shots of of the applet -- store, they are waiting in they ared we know that

waiting in singapore. we'll have a better idea of how well supply and demand will match up? gurman: a couple of hours ago, i noticed on the website for apple that shipping in china, germany, italy, and other regions like australia and the united kingdom are seeing shipping terms threed from 3-4 weeks other big regions for apple are the united take, canada and hong kong, and we're seeing an available statuses on their website. you have to go to the store. in u.s. and canada, we're seeing five-x weeks shipping time, -- 5-6 weeks shipping time. emily: there was an important question asked about pricing, mark, and whether apple now has a range of prices for the iphone, from $368 to about $1000. what is their actual strategy here, how do they lay it out? gurman: it is very interesting, i think they have price points

for all sorts of market. the $350 base price points to us in the united states might not sound like a lot of money for people doing this show right now. but in places like india and other regions into other developing markets, $350 is quite a bit of money for a phone. do you will see if they make a cheaper iphone below that price for those regions to grow there, someone is asking how they will grow even further in china and india. they say the they keep doubling in revenue each year. certainly at the higher end for early adopters, pulling to end $30 or $50 per month on the phone, the iphone x is there for them. emily: thank you so much, "bloomberg technology's mark berman. the iphone x is on sale now in sydney, singapore, tokyo, folks are out there waiting side to get inside and get their hands on an iphone x. we will be covering this for the

next 24 hours, right here on bloomberg television. that is it for this edition of number technology, a reminder of course that we are live streaming on twitter, every day at 5:00. that is it for now, this is bloomberg. ♪ is this a phone?

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♪ studios infrom our new york city, this is "charlie rose." charlie: to begin with the developing story of the attack in lower manhattan yesterday. >> that attack left eight people dead and 12 injured, the driver wounded by the police officer was taken to the hospital -- taken from the hospital to u.s. district court. sayfullo saipov was in a wheelchair, handcuffed and shackled. they said the attack had been in the works for a long time. late this