limited time get 150 dollars off and free shipping too. sale prices are available right now. go to buyleesa.com today. you need this bed. emily: i'm emily chang in san francisco, this is "bloomberg technology." coming up in the next hour, snap loses its chief strategy officer. khan says the best is yet to come for the company but it's time for him to start a new story. warnings that the price of apple products will increase due

to tariffs. our top story, snap is losing its chief strategy officer. 41-year-old imran khan is leaving the company to pursue other opportunities. he's set to start his own tech investment company. in a memo to staff he said, i'm proud of what we've achieved as a team. we grew our revenue from nearly zero to nearly $1 billion. we hired more than 3,000 people and expanded our operations to over 13 countries around the world. our reporter joins us now from new york. alex, he's been the adult supervision at snap and lasted longer than other executives but he's also the late nest a long line of executive that was exited. what does this mean? alec: he's the latest and also the highest up on the food chain. he was basically known as the c.e.o.'s number two, evan

he's the -- oduct, they brought back a redesign, and in august they sheed decline in daily act iudesers, the very first decline in that important metric. what this means for snap is you need somebody who can take the reins of a business mind over a snap amongst the turnover in the top ranks of the social media company. emily: what's the plan to replace him? who could be in the running? alex: they did bring in somebody to report to him from time warner. she's overseeing kind of -- he's head of business go she's overseeing explaining the company's vision for advertisers to those potential clients but i think this might actually open up a little bit of an

opportunity to bring somebody in who can kind of have a blank slate to do that evan spiegel told my colleague, sara fryar, last month in a story in "business week" that he's looking to revamp his management style, change it from evan-first to more of a democracy perhaps. this would give the opportunity for snap to bring somebody in who can kind of break down the walls of secrecy that have been so rampant among the company and also kind of bring in a business mind who can take where imran left off. emily: we can assume that's probably easier said than done, this of course as snap is battling facebook and instagram and as its getting even dragged into these social media issues online, we saw snap go down on the back of these hearings even though they weren't involved. talk about the challenges and

headwinds ahead for the company. alex: that's right. you can see the messaging change. they're trying to distance thems from facebook and twitter. they said by the heart of our app, your pictures disappear, you're not being bombarded with content from a bunch of different people, it's only who you choose. that's the line they been walk. as you said investors have not made that made that differentiation. it will be important for them to assert that line but getting investors more comfortable with the business model. last earnings was the first time they gave revenue guidance for the first time since even before they went public back in march, 2017. now that they're putting sign posts out there and getting some additional financial expectations, that's a good sign for investors who have been asked since the beginning to just trust management that they're figure all of this out. in terms of boosting revenue, continuing to get users to be back on the platform, not seeing

anymore daily active user growth and bringing in folks who can sit at the top of the management team and help evan spiegel on the business side, those are the things investors will be paying most attention to going forward. emily: all right. alex, han out at snap, thanks for weighing in. now to another top story. apple's trade troubles. president trump says he's ready to impose tariffs on an additional $267 billion worth of chinese import, that has companies like apple worried. last month the company wrote to the trade department say, our concern is this this will result in lower u.s. greth and competitiveness and higher prices for u.s. consumers. president trump tweeted, apple price mace increase but there's an easy solution where there'd

be zero tax and indeed a tax incentive, make your products in the united states instead of china. start building new plants now. exciting. hash tag make america great again. this as apple is set to unveil their latest products thursday. we can imagine this is not something apple wants to deal with two days before its biggest announcement of the year. how do you think this will impact what we'll see on wednesday? >> i don't think it will. i don't think this is something they're going to mention. i don't think this is something that's going to be talked about next week by them. i'm sure the press will be talking about it. people watching the event will be curious about it. i don't think they'll come out and say the apple watch is more expensive this year because of this, this, and that. i think these tariffs are sort of in the early stages, these are proposed, we see hundreds of companies commenting on the tariffs, maybe there'll be wiggle room for them to change. i saw an analyst note this

morning saying the impact would be 1% to 2% across 2019. not a significant head wind for the company. >> a little more of what apple told the u.s. trade representative saying it is difficult to see how tariffs that hurt u.s. companies and consumers will advance the u.s. objectives with technology. we hope instead you reconsider these measures and work to find other more effective solutions that leave the u.s. economy and u.s. consumers stronger and helicopterier than ever before. now, if apple prices were to increase as a result of these tariffs, where could we expect to see those price increases? on what products? >> three main categories. the air pods, which is unfortunate because that's a grow, popular product for them, a product that's not as high margin because it is a new category for them and they're harder to produce. another fast-growing category, the apple watch. they're saying the apple watch

in particular would be hit hard by this, and price increases could be possible on that device. the third thing is basically some array of accessories. the apple pencil stylus a lot of people use to draw or write on the ipad. there's also some version os they have mac mini. also those dongles and chargers that everyone carries with them now and the leather cases that apple sells for the apple pencil , mackbook and ipad. it's nothing extraordinary, not the iphone or ipad itself, but some of their fastest growing products. emily: of course the situation with the trade dispute is evolving so we'll continue to follow that. you've broke an lot of news we're expecting to come out of the conference on wednesday. what else are you looking for? could there be any surprises? in addition to the three iphones you believe will be unveiled. mark: i don't think there'll be any surprises.

i think the three main things we're going to see, the three new iphones, the iphone 10d. bigger iphone 10, the next thing would be the biggest upgrades to the apple watch since it was announced in 2014. and the third thing one an update on apple's wireless strategy. i'm expecting a new version of the air pod, not a big revamp to the product but a minor upfwrade. so i think those three things combined will make for a good event for investors and consumers alike. emily: how do you imagine what's going on between apple and washington and china and washington is impacting the supply chain? after this announcement it's all about getting as many phones as possible to stornse time and to consumers on time who ordered them online, and the worry is

more demand than supply which there often is at the beginning. mark: we're hearing the iphone 10r device may ship after because of supply chain products related to producing the screens osm on the top thoveg trump administration and tariffs if you look at the stock market, some of apple suppliers overseas are being hit by this because they ship more production to the u.s., some of those foreign suppliers are in for big trouble because they rely on apple for so much of their business and have for so many years. emily: the iphone 10 has taken us toward the elimination of home button but we still have older models being bought and made. will this new generation the iphone 10 lead to the ultimate complete elimination of the home button and how long will that take?

mark: that's a good question. it's a multiyear strategy. they started with one model el last year. now you'll have three models. all will be home buttonless, all face i.d., no physical controls in terms of the home button but there's still -- they're still likely going to sell some older models, perhaps the iphone 8, 8-plus, maybe some of the iknown six models. we're not going to see them stop selling devices with home buttons. that's going to take one to three more years before we get to that point but sthrale to release more iphone models and do an even cheaper iphone with the new design. the iphone se costs between $300 and $400 depending on capacity and what country you're buying in. the cheapest iphone, the new one that will be released wednesday, at the very least will be $700. we're talking about an entire mark of sub-$500 phones not

being addressed by this new design. they'll get there if they want to remove the home button from their products. emily: i know you'll be all over the nice wednesday and throughout the week as will we. we'll be live from kuyper tino on wednesday as apple holds its latest event in the steve jobs theater. join our special coverage on bloomberg technology, 1:00 p.m. eastern, then at 5:00 p.m. eel have insight from our entire tech team and experts on the ground on apple's latest products. coming up, we'll stay on the tension surrounding china and the united states, zero in on the race for 5g. bren can karr joins us next. if you like bloomberg news, check us out on bloomberg radio, the bloomberg app and in the u.s. on sirius radio. ♪

emily: the race is on to be the first to rollout the 5g spectrum. chi is considering a mega merger between two of its largest telecom companies which could speed up their development of 5g. and now at&t announced they'll release their 5g test in phi more cities this year. joining us, f.c.c. commissioner brendan carr. walk us through the parts of this plan you believe will be the most game-changing in terms of speeding up the rollout. brendan: last global race to be first across the finish line in

5g. from my perspective, the finish line is not when we see the first deployment in places like new york and san francisco. we need to make sure that every community in the u.s. has a fair shot at seeing 5g. that's what the new proposal i unveiled last week is all about at the f.c.c. we'll be voting to streamline the regulations governing infrastructure 5g deployment to make it easier to get it to every single community in the country. emily: there's a possibility, we hear, that the second and third largest wire lescariers in china could merge and the government would be part of it. there's big concern that that that will give china an advantage. what's your reaction to that? brendan: the u.s. and china take difference approaches from a government perspective when it comes to 5g. in the u.s. we led in 4g for a reasonful we updated regulatory structures at the government for and freed the field

private companies to invest. it's different than our counterparts in europe and china for sure. we step back at the government level and try to set he -- try to let the private sector drive the standard setting and investment. the approach we're taking is setting us up to win the race to 5g. emily: do you have any concerns the latest moves in china will put the united states as a disadvantage regardless of the fact that it's a different approach? brendan: i don't, here's why. e race to 5g can be won from two perspectives. we have to free up more spectrum than ever before so new devices can operate. the u.s. right now is ahead of china when it comes to freeing up spectrum. the second piece of it is as your listeners know, small cells are the building blocks for 5g. 3g and 4g were marked by 200 foot towers.

5g is about layering on top of that and the f.c.c. is voting to make it ease wrer to deploy small cell devices. that's going to be key to winning this race to 5g. >> what about the progress being made in other countries, japan, south korea. is there any risk those -- some would argue south korea is already ahead of the united states. do you see risk there? brendan: there's a lot of countries that already have on a per population basis more small cells dede ployed, more infrastructure, than we do here in the u.s. that's why it's a challenge for regulators at the federal level or the state and local level to make it easier for infrastructure to get out there. i'm not concern wrd we stand in the race to 5g. i think we're in good shape. i think we're moving ahead with updating regulatory structures. i'm confident if we stay on this path both from a government perspective and from where the

private sector is with their tremendous investment in innovation, consumers in the u.s. will benefit from this new deployment. emily: when will we see mainstream deemployment? when will a consumer like you or i be able to make a 5g phone call from our mobile phones? brendan: we're seeing some leading edge deployments. i was in indianapolis last week, that's one of the first cities where two nationwide providers announced they'll be deploying 5g capable devices by the end of this year. 2020 is, more broadly speaking, a year that a lot of people are looking at in terms of a more wide scale deployment of 5g technology and continue degree employment for the couple of ears after that. emily: breb dan carr, f.c.c. commissioner, always good to have your thoughts here on the show. brendan: thanks. emily: still ahead, elon musk

scores a win with his spacex launch but questions around his leadership remain. we'll discuss what's ahead next. >> check us out at technology, follow our global breaking news network ticktock on twitter. this is bloomberg. ♪

emily: good news for elon musk. spacex launched a successful rocket monday morning. the falcon 9 lifted off from florida's cape canaveral despite poor weather, delivering a canadian communications satellite into orbit. they're targeting 30 missions this year. sticking with musk, it's been a tumultuous few monthers in tess la c.e.o. shared tumbled last week as musk yet again embroiled himself in

controversy, attacking the british diver involved in the cave rescue and smoking arijuana on a webcast. now as rumors -- rumors swirl about a potential faferse investigation into space x there's no telling what he'll do next. here collin rusk who has an outpmple on tess la. lots going on. how have the events of the last few weeks changed your view on this company? colin: the risk around elon and the investigation being reported in the news around the go private tweet is a real concern for us and we highlighted that in our row search. but we're still looking at ositive fundamentals for the company especially as mr. guillen takes charge of the car,

he's a stellar leader, no b.s. and will likely get the job done. the at we're seeing is model 3 hitting their margin target. we think that's a bilge story if they hit that number that will support the stock and help start supporting the bonds which have been under a great deal of pressure the last few weeks. emily: how much do musk's extracurricular impact -- activities impact your view on the company? >> he's been a concern for us for a long time in terms of, you know, his distraction with multiple projects. he's proven himself to be a clear visionary in terms of what is possible in particular industries. and a micromanager on some levels but it's become a concern that his time would be stretched and they may need to augment their leadership. we were encouraged to see the announcement this morning,

planned guillen's reputation is ery solid from our checks. emily: even though he said tess la remains a public company do you think the uncertainty he's put in this process, do you think the uncertainty will will impact suppliers? >> it's probably time for him to adjust his role, he can have a new level of leadership inside. if we look what happened with apple after steve johns left at the end, stock ened up appreciating pretty significantly other the following three years. that's something we'd look at. investors are looking for a more traditional management team for this company going forward. emily: how much of what happens with spacex, whether it's a successful launch or an invest, how much does that impact your view?

colin: it doesn't, we're looking if they're making the cars, making them economically. the next benchmark for the model 3 will be if they can sell half a million cars a year, there's a big debate if they can do a quarter million a year, which many think they can do, and half a million. that's something we'll be looking for. emily: oppenheimer's colin rusch, thank you for joining us. colin: thank you. newy: coming up, ali baba's era. how investors see the succession plan playing out. plus manager turned spot fi exec troy carter is known for smoothing contentious industry relations with artists and now he's leaving spot fi, we'll sit down with him for an extended conversation next. that the bloomberg. ♪

emily: that the "bloomberg technology." it's the end of an era at ali baba with founder and chair jack ma announcing his plan to step away from the day-to-day run offering the company. >> jack ma is stepping down as chair a year from now. ma wants to ensure the company can run based on institutional structure rather than relying on individuals.

aniel joins alibaba in 2007. he was responsible for china's argest shopping bonanza. ma will remain on the board until 2020 and stay as a lifetime partner at the company. emily: to dig deeper into the changes at abee -- alibaba, reporters.d by our jack ma hasn't been involved in day too day operations for some time but he certainly still looms large at the company. we went to china a few years ago and interviewed him on singles day. kevin what do you make of him exiting now what it means for alibaba? jack: he's not exiting the company but exiting one particular role, doing in it a methodical way, it's been talked about and broadcast.

it's new information but it's not news he stepped down from c.e.o. role several years ago. and now he's making it more formal. the timeline for handing over the chairmanman, but he handed over the c.e.o. role many years ago. i think it's more about changing image to the fithroonpist role he's planning on taking on in the future. emily: is there anything surprising about this? samantha: he's been talking about this for year, he said he wants to pass on his knowledge to the younger generation and die on the beach, not his office. it's not a surprise that daniel zhang is stepping up, he's much quiet, more mild mannered than jack ma but he's been c.e.o. for three years, he's credited for spearheading singles day, ex-cuing on this new retail

strategy so it doesn't come as a surprise. i think the most surprising part is the timing of the announcement, even though we've coming. was emily: sit a surprise that daniel zhang is taking the role, not joe, the co-chair? >> no, he's credited with making it an establisheding orny seags he said him moove leaving means the company will no longer rely on individuals or cult of personality but rather the organizational structure. jack ma probably won't ever leave his role as public face of the company but mind the scenes there have been many players who have been propping the company up for quite some time. emily: take a listening to -- a listen to this interview, we sat down with jack ma a few days before he made this announcement. listen to what he aid had to say about the company's future.

>> i don't think any problems with alibaba will happen. i have confidence in my team. fully confidence in our structure, like the structure which a lot of investors don't like. hong kong don't like, new york don't like, it's the system which i think is the contribution that i and my team built to this world and people in the future will love it. an make the company last long. emily: hopefully we'll continue to get interviews with him because the fire is always fun to watch but what's your view on the company without him? kevin: i think -- that was beautiful by the way. he's already been gone. he's made it very clear that what is important to him is culture, handing the baton, empowering other people and you know, as you alluded to, i think daniel is considered more like,

i saw a story earlier that called him clark kent versus jack ma being superman. i think the company is in great hands. more importantly the fundamental story here. you've got billion of consumers in china, in india, in africa, all over the world that are getting their first computer, their first internet access, 5g, coming soon, and a big deal. soonish. yeah, i don't have a projection exactly when someone in the u.s. will have access to this but it sounds like soon enough to matter. the point is the fundamental story behind alibaba, the revenue growth last quarter that big story of all the consumers in china and the rest of the world moving on up, wanting stuff, getting a computer, getting the internet, doing it on the phone. so he set a great culture for the company. he's had great direction and i think they'll continue fundamentally to do quite well.

the stock market will do what t's going to do. emily: what do you think the challenges will be for them? kevin: i think the stocks risk is related to the trade war. if you look at the different parts of the emerging market and china economy and the stk market, the companies are going to struggle with the trade war are steel and chicken feed and tires and things like that. these are -- of all the sectors that are going to be hurt by trade wars this emerging market internet sector will be hurt the least. but it will certainly affect the tocks. emily: tell whause jack ma is planning to do, he talked about philanthropy and education. samantha: he talks about bill gates as a model. he was an english teacher, so teaching is his first love he also wants to use technology to

transform the environment. he has broad and expansive philanthropic ambitions and he'll continue to be with ali baba, we'll continue to be on the board of directors as well as part of the influential alibaba partnership. and daniel zhang will have pretty broad power as c.e.o. and chairman, a position that han been consolidated since 201. they want overseas expansion, want to rely on exertainment and cloud computing. i think jack ma will devote time to philanthropy but always be a presence at alibaba. emily: how do you see this, the chinese government is shaping new regulation on gaming and you never know where the chinese government is going to come and

try to impact your business next. kevin: sure. i think the gaming situation has a acted tencet more from fundamental standpoint. china will be part of the story. coming from a different place than we came from in terms of management of their country. i think there's risk involved. in terms of competition, jd.com, which has been in the news for other corporate governance reasons, corporate governance related reason this is week, they're a player a meaningful player, but alibaba continues to ave the dominant market share. you have an app-based version of ecommerce that's take then third market share. but the thing is, they're in a lot of businesses. ali pay in and of itself is enormous business. so they're in payments, movie, they're in all sorts of things. the law of large numbers

dictates that it's going to slow but it's still going to grow at fast rate for a long time and in lots of different directions. emily: thank you, kevin, as well as selena wang, we'll be overing the next generation of ibabafment and companies are looking to expand in china. they're likely to seek a local partner for southeast asia expansion and looking to -- but an. p.o. remains elusive. the chief strategy officer said there's no fixed time frame for a listing. >> i don't think there's an exacks timing we're looking into. we haven't said yet. for us, i feel just a milestone. it's not about how the market is

now. i.p.o. when we're ready because help us to go into other international markets. >> up next a man who was instrumental in repairing spotify's relationship with artists. now troy carter is one of the biggest names in music and looking to hit his career's next big note, ahead. andless moon vest ousted at cbs, latest ficationers in metoo movement dismissal in hollywood and beyond. ♪

emily: he first made a name for himself as manager for lay dagaga and john legend. today he's one of the biggest names in music. he's with spotify he's been credited with repairing the company's relationship with artists. and he will double down in incubating new talent and technology. sat down with him to talk to him. take a listen. >> you know what, we had a great time, it's been 2 1/2 years. i'm an entrepreneur by heart , in my blood. and i wanted to take on a challenge and i felt like the music industry was taking a shift. daniel lives light years ahead of everyone else when it comes

to seeing what the future looks like. so being able to spent some realtime with him and realtime within the company i think it did a lot for me in terms of understanding how companies scale. being there to see the company go from startup to big, privately held company, to public company but also just for me, i was excited about some of the more entrepreneurial opportunities that are -- that exist now as well. emily: what do you think is going to happen in terms of how the pile will be diveyed up, whether it's spotify or apple music or youtube, will the pie keep getting big her is one going to rise to the top and dominate? >> i think daniel has been clear. it's not going to be a winner take all market. and just how the market is shaped. and a lot of it has to do with the different constituencies of consumers. you know. so you have consumers who are

never going to pay for muse ex, whether they don't believe in paying for music or -- and more of the point is a lot of consumers can't afford to pay for music. so they're going to consume it a certain type of way. radio has always been an option there. then you have people who are still going to buy c.d.'s. you'll have people who are vinyl enthusiasts. you have all these different consumers and then also you have voice you know, so i think voice is going to develop a certain type of consumers. the car is going to have a certain type of consumer. all different types. so i don't think it's winner take all by any means. >> let's talk about adam factory and your investments. uber you invested in, dropbox, what's hot now? >> we're seing a new wave of companies that are really interesting. as i'm looking at what does the future look like for investing

from consumer side it's much different. so where that -- where at one uber and you look at lift and the amount of market share they were able to grab and people weren't able to compete, it grew so quickly they raised a ton of money, they were table scale really fast. then look at the scooter space and how fragmented it's going to e. and also you see a lot of players getting into it like right away. facebook, they're either buying or building right away. but they're not leaving a lot of room for new ideas to sort of emerge and grow at the scale of some of our previous investments have been able to grow. so i've been looking at opportunities and spaces that -- that other investors haven't looked at and quite honestly may

not understand. emily: like what? >> when you look at, where the world is moving in terms of majority-minority specifically in america. and you look at, you know whether it's latino entrepreneurs or african-american entrepreneurs or female entrepreneurs that are ttacking problems that typical companies wouldn't look at and typical entrepreneurs with wouldn't go after because they don't understand the cultural playing point so whether that's lending and sort of the cultural issues around lending, whether it's the bias around lending, whether it's shame around lending. whether it's things that may go on a credit report for this person who may be a good customer but it my not look typical. so we're looking at different companies that understand those nuances. and we've invested in a couple

of companies. we're looking at a category we call the unperfect parent and unperfect parent is, you know, how are new parents looking at raising children versus previous generations? you know where this is a generation that on demand, a general reags that grew up a lot different from their parents. so we're looking at entrepreneurs in that space as well. next week, i'm in africa for 10 days, meeting with entrepreneurs in africa. so you know, just looking at other opportunities. emily: troy carter c.e.o. of adam factory. coming up, a media mogul exits cbs. what's next for the company and the me too movement. less moonves is out. that's next. this is bloomberg. ♪

emily:less moonves once loomed larger than -- les moon vest once loomed larger than life at cbs, he's stepped down. he was departing without any severance benefits until the conclusion of an independent investigation. the company is adding several new board director, including high powered women. cbs has been involved in a bitter dispute with viacom's sherry redstone not to pursue a merger with cbs for at least two years so another party could push for it. redstone now has even more pow own the cbs board. joining us now from l.a. to discuss bloomberg entertainment

reporter, lucas shaw. it took a dozen or so allegations for this to happen. walk us through the late that's we know. luca: so the latest is that lest moon vest is out for the first time in two decades. there was a story alleging six cases of sexual harassment, six women who said they'd been harassed, in late july in the new yorker. stalk les moon vest around -- stuck around after that. a lot of people thought it was feasible he'd find a way to stay on top, arguing he had not abused his position and also that a lot of the allegations were a long time ago. none of the allegations in other story happened in the last two year. yet the moment that ronin far row's second story dropped yesterday it was clear he was not going to stay in that position. we've been hearing rumors of a second story and additional

allegations and then within 12 hours of that second story publishing, les moon vest nnounced he was leaving. emily: very detail and disturbing allegations, there are questions around other cbs executives. jeff faber what do we know about the rest of the uncertainty here? lucas: the initial story portrayed a rotten culture, one that was not respectful of different allegations from women , what you think of it as the classic old boys club in a company. most of cbs is run by and led by people who are loyal to les moonves. i think you have to expect there to be a significant amount of change over the next couple of years. you won't see it right away. controls cbs at has put ianello in charge, who is a close friend of moonves, my

guess is that is for stability. my guess is over the next few months you'll see inell low and others close to moonves leave. whether they can create a culture of inclusion quickly is unclear, they would argue they have it but others would argue. emily: we're talking six new directors. the viacom situation is on hold. some are saying it's now more a done deal than ever. lucas. yeah, i mean the important thing to note is while national amusement the company that controls cbs and viacom, has said it will not push for a merger of those two companies, that it is possible for the board members of cbs and the board members of viacom to pursue a deal on their own terms. what you've seen over the past 24 hours is essentially a clean slate at the cbs board. off lot of the people who have been on that board for a long time a lot of people close toast moonves and a lot of people who tried to dilute sherry redstone's control over it leaving and a number of people

who have been sanctioned by national amusement, some with ties to viacom, the c.e.o. of hasbro has a close relationship with viacom over movies, and a lot of people have experience in transactions in mergers and acquisitions. u've seen analysts and other investors say you'll see some information about the merger in the next year or two, or if not that merger, another one because hese two companies are significantly smaller than their competitors. ily: les moonves is probably the secondest most powerful man to lose his job, after harvey wine steen, what do you see happening now? lucas. harvey weinstein was the first

big one, the pace has been slow they are year but the targets have been bigger and you're seeing push for institutional change. the toronto film festival is going on right now. you've seen calls for more diversity in film criticism and there's also been something of kind of a to-do over this movie in which olivia munn, one of the cast member, pushed, had noticed that one of her co-stars, somebody who appeared in it, ha had a history of sexual impropriety and had that scene removed from the movie. i think you'll see more of this over the next few years. emily: all right. our bloomberg entertainment reporter, lucas shaw , in l.a., thank you, lucas, for following. that does it for this edition of "bloomberg technology requests. don't forget our special coverage wednesday live from cupertn oimbings as we watch apple's latest announcement unfold. this is bloomberg. ♪ xfinity mobile is a new wireless network

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haidi: welcome to "daybreak australia." >> an i'm sophie in hong kong where we're counting down australia's major market open. >> here are the top stories we're covering the next hour. read all about it. the trump administration wants "the new york times" investigate the op-ed writer may have committed a crime. kim song young is calling for a