Senators Lisa Murkowski and susan collins. The Supreme Court has canceled arguments set for october 10 in the dispute over president trumps travel ban. The justices requested both sides weigh in by october 5 on how to proceed. The ban expired sunday. Its been replaced by a new policy that impacts eight countries. And the florida keys, Officials Say the island chain reopens to tourists october 1 after some 25 of homes across the region were destroyed two weeks ago by the hurricanes. Global news 24 hours a day powered by more than 2700 journalists and analysts and more than 120 countries. Im alyssa parenti. This is bloomberg and Bloomberg Technology is next. Coming up the iphone 8 has been on the market the last few days but suppliers arent feeling the love. Shares have dived for vendors on the supply chain side. We look into what is driving the slump. Plus, the food fight is brewing in the product deliveries market. Well hear from one of the british startups and now a board member who will join us to discuss the latest funding. And she became the face of the fight against gender discrimination in sill convalley. Ellen powell discusses her new book on the high profile lawsuit and moving the needle under adversity. First to our lead consumer excitement surrounding the release of the iphone 8 and latest versions of the apple watch and apple tv hasnt quite translated to apple suppliers. If you take a look at the bloomberg terminal, you can see how foxconn which assembles the iphone and other apple devices has fallen 10 since apples new product unveiling earlier his month. Other companies have plunged more than 12 . What could be causing the slump . Reportedly they tell buyers to delay part of the shipment for iphone 10 devices. Joining me in San Francisco to discuss, our tech reporter who covers all things apple. Analysts are saying iphone 8 orders are substantially lower. We have this report about the iphone 10. What do we make of this . Comparing apples to apples, very hard to know. Haft year they staggered the release of the two items. On one hand theyre saying iphone 8 orders are slow and buying is slow and then new report seems to suggest apple is not expecting to ship as many iphone 10s on launch day. It could be that is not reflecting demand. It could be apple trying to constrain supply a little bit to say we have sold out. They may say it is a hot device and build up expectation. They could still also be short of the organic Light Technology and just cant make enough. If indeed the iphone 8 sales arent going so well so far it could be a good sign. Could be a bad sign right for the iphone 10 . We dont know. It could mean people are holding out for the iphone 10 or just dont want an iphone at all. It is really tea leaves. There is also the idea perhaps some people want to buy an iphone 8 and are going to wait and see the iphone 10. Then if they decide it is not the worth 300 theyll buy an iphone 8. The first indication is when we start to see the earnings numbers in this quarter and the subsequent one and see the mix inferred or implied by the average sales price. Emily what do you make of what were seeing with the suppliers in particular . It seems to be this might be some sort of profit taking in the market. People is going to get. An indication of a little bit of weakness. Emily the apple tv, the watch, do we know yet . No. The moment, the only moment we will know if the apple watch has really become significant is when they start breaking out the sales. There is no indication theyll do that yet. These products are far smaller in terms of revenue drivers than apples iphone. Emily absolutely. What are analysts saying about whether the iphone 10 is going to cannibalize sales of the iphone 8 . Or the other way around. Everybody wants them to be selling the higher model, iphone 10. Its the big problem. Right . Often when you go into these events or these new product launches theres always a slight skepticism in the market or as the apple bubble bursts are people still going to keep buying these products . And history tends to show they do. So maybe this 999 price point will change it but that is what people are risking right now. Hamilton right now saying they would buy right now because of the declines in recent weeks. Emily interesting. Well talk about this a little more. Alex west, our bloomberg tech reporter. Thank you so much. After paying 800 for an iphone 8 the last thing you might want to do is take it apart. That is exactly what my next guest did to get a look at the hardware inside. Joining me now to tell us what he found, principal analyst for ihs market. Wayne, you have looked inside every iphone since the beginning of the iphone. What struck you about the iphone 8 . What is different from the predecessors . Hi, emily. Yes. We have had about 10 years of experience looking into the design of the iphone. I think what the iphone 8 shows us is that there has been sort of an inflection shun point in the design evolution of the iphone. Weve seen it with iphone 7 and now 8. Were seeing a lot more, newer innovations, a lot more costs put into place to justify some of the new features. So, for example, the iphone 8 plus which we will release the tear down analysis for has most likely the highest cost weve seen yet. You can see a lot of the contents, the monetary content and the components going into things such as memory, computing, camera, which yields a very good camera experience on the iphone 8 plus. So were seeing this sort of evolution toward more and more features. Nd i think its a theyre setting up for the next big jump in innovation with the iphone 10 coming out in about a month. Emily in your findings you talk about the incremental memory upgrades but said that this phone is different. How so . Wayne yeah. So if you look at the history of the iphone, and there is a period where iphone memory, base memory really hasnt changed. It stayed about 16 gigabytes for seven years. And the reason for that is really how you look inside apples monday tiesation strategy monetization strategy. They sell it so the next incremental increase would be 32, 64, but incurs a hundred dollar premium. Variable costs to apple are probably less than 22 of that. That has been their profit engine so to speak. What happened over the past go ahead. Emily theres been talk about apple having handicapped the iphone with respect to future connectivityy. Can you expand on that . Oh, ok. Yeah. That is my word coming back to bite me. I was mentioning how apple is using dual sourcing the lte modem one from intel and the other from qualcomm. The qualcomm chip set in the iphone 8 is actually a cap 16 or gigabyte lte. The intel version is only about cap 12. In order to compensate for the two and kind of match the is such e the design that it doesnt take full advantage of the qualcomm chip. An analogy would be qualcomm based iphones give you 10 lanes of highway traffic but the rf only allows 8 of that to be operational. That is the sort of handicap were seeing. Emily so the iphone 10 is coming. What are you going to be looking at most closely under the hood of the iphone 10 as compared to the 8 . Wayne the iphone 10, there is a big emphasis on the display because that is something that is in very tight demand. These displays are something of a new, a novelty to apple. Theyve used it in the apple watch but never implemented it in a smartphone. For a display that large and that custom they only have one supplier today which is samsung. So well be looking very closely as to how they control that cost and manage to implement it on the iphone 10. And also the other componentary is quite interesting. That essentially is a the fruits of the purchase of the Technology Behind the microsoft x box connects and what theyve done is basically shrunk the connects down to something so small it fits on top of the phone that will enable facial recognition and so forth. There is a lot of Great Technology to take a look at. Emily well be watching for your report on that wayne lam principal analyst of ihs market thank you so much for joining us. Coming up food delivery, disclosed a new funding route pushing them to become one of the most valuable startups in the uk. Well hear from an early investor that increased their stake next. And check us out at bloomberg tech tv week days 5 00 p. M. In new york, 2 00 in San Francisco. This is bloomberg. Emily the new c. E. O. Is already demonstrating a more diplomatic approach than his predecessor with the first big challenge the revoking of ubers license in london. In an open letter he said you have my commitment we will work things with london to make things work right and keep the great city working safely. They now have more than 750,000 on a petition. In the meantime uber rival lyft is looking to expand in london according to the financial times. Well, Meal Delivery service is now one of the most valuable startups in the u. K. After raising 385 million in the latest funding round and plans to use the infusion to improve logistics and spread to new cities. Can deliveroo keep growing as it gets more competitive by the day . Joining me now partner at index ventures who first invested in deliveroo in 2013. Martin sits on the board. You are very confident in the future of the company. 385 is a lot of money. What is it going to be used for . First of all i want to say, great day for europe. Great day, great home grown European Tech company. We first invested in the. Ompany that he years ago very humbling we are very proud and humbled by what theyve achieved in europe. In terms of what the money is going to be used for today, three main things. The irst is the rollout of addition the physical kitchen they are using to enable restaurants to open to the new area in a very quick way with zero cap x. It is quite revolutionary in the restaurant business. The second thing is tech and product improvements. Getting quite a technical business with a lot of routing algorithms improvements. The third one potentially more expansion. The Business Today is about 160 cities. We think there are many more to cover. Emily as you say deliveroo has grown substantially but there is skepticism about the food Delivery Business and the margins. When you have giants like amazon getting into the business how do you see smaller startups fairing in this very competitive faring in this very competitive world . Having Large Companies come into your space kind of validates the size of the market. That is what were thinking. One of the reasons were so excited about delivery is really because one, the opportunity. The food takeaway market alone today is about 25 billion. We see them as going well after market which is the restaurant markets about a 400 billion market and more important Growth Markets about 1. 2 trillion. Take away market, 25 billion, the grocery market 1. 2 trillion in 12 countries not even mentioning the u. S. Or china or other large markets. It is a very, very large market and we are at the very, very beginning of that. Just scratching the surface. Thats what is amazing. Its only been four years for the company and this is still the beginning. People are shiftingth behavior and what you are seeing in the product very clearly is that the longer people have been in because they are shifting their behavior from going to the supermarket, loading up with groceries and cooking once r twice a week to just using deliveroo to deliver food much more frequently. That is a shift and we believe that is the beginning and why is. Pany emily one bank did back out of an investment in deliveroo in part because of competition from uber and general skepticism about the space. What is your reaction . I cant comment on any specific investor. Every investor has their own analysis. Investing at this stage, preipo, puts you in a really strong position for the future growth of the business and potentially if you want to go public they are a great anchor investor to have, two of the best in the world. I dont think any investors could have been much better. You know, we are very happy as it happened. Emily as i mentioned earlier, london authorities have revoked ubers license to operate. Do you think uber will work its way out of this . What is your reaction . It is a bit of a shame and quite disappointing. Obviously uber had its challenges but at the same time it is a fantastic product. I think it is offering a lot of Economic Opportunity to those who didnt have it before. It is a great product for the users. London and ultimately the world are better off having uber in their cities. The one thing i would say is that the transport for london organization have put themselves in a tricky place by monopoly and ng a by not getting new entrants to the market to grow outside. London is one of ubers most rofitable markets. Work with uber on solving their issues and also opening the market to more entrants. This is the best for the consumers and the drivers. Emily it will be interesting to see if lyft can make a dent in that market. Martin, thank you so much for joining us this evening from london. Coming up, a new report says president obama tried to give facebook c. E. O. Mark zuckerberg a wakeup call about fake news after the election. Details. This is bloomberg. Emily just last week facebook c. E. O. Mark zuckerberg outlined a plan to combat potential interference with elections. It is a far cry from his initial outlook on facebooks role in the 2016 u. S. President ial election after the november results. Here is what he said at the time. Personally, i think the idea that, you know, fake news on facebook of which it is a very the content of influenced the election in any way. I think its a pretty crazy idea. Emily now the Washington Post is reporting president obama personally reached out to zuckerberg after that interview around that time to make an appeal about the threat of fake news. For more were joined by our bloomberg tech reporter who covers facebook for us. Very in depth the Washington Post story about what was going on behind the scenes at acebook. Had some evidence of russian espionage as early as june 2016 but couldnt quite make sense of it. Reported it to the f. B. I. What is your reaction to this story . Well, it is interesting. In august i actually had a conversation with the head of products for newsfeed and he was telling me kind of casually that they were seeing there was some issue with fake news on the platform. But at that time, everyone thought Hillary Clinton was going to be elected. It wasnt ringing alarm bells at the level it did after the election when people said oh, wait. This may have been a really bigger effect on everyones way of thinking about these candidates. We realize than we realized and the obama conversation, the in depth reporting we saw from the post a really great story shows a little bit deeper about how they could have impacted something. Emily do you think president obama has an influence on facebooks response since . Sarah i think a lot of criticism across the board from people saying facebook, you need to recognize you cant be on one han tell advertisers, hey, if you use our ads you can change peoples minds and get more latino voters in this state, more women voters in that state. You cant tell advertisers that on one hand and on the other hand say, oh, all the information spread on our platform, there is no way it could have been affecting the election. I think that statement will haunt him over and over until this is solved. We did see a very different zuckerberg last week coming out and taking this much more seriously, saying he doesnt want facebook to be used to subvert democracy. Very strong. Emily steve bannon there is a report steve bannon tried to infiltrate facebooks hiring process. To what end . Sarah he wanted to figure out according to busbys whether the hiring practices favor people with a liberal persuasion over conservative persuasion. It just goes to show how skeptical people are of facebook as it becomes so much more powerful over all of our lives. They have more than 2 billion users right now, more than half the worlds internet connected population is on facebook. They have such a profound impact on the way people share information that people have to be asking questions about it and coming up with their own theories about it like bannon is. Right. The heat is on. Well be watching to see how this Russian Investigation proceeds. Sarah frier our bloomberg tech reporter who covers facebook, thank you so much. Coming up ellen powell opens up about her very public fight against sexism in silicon valley. Well hear about the case and the progress or lack thereof for women in texas. This is bloomberg. So we need tablets installed. With the menu app ready to roll. In 12 weeks. Yeah. The world of fast food is being changed by faster networks. Data, applications, customer experience. Which is why comcast business delivers Consistent Network Performance and speed across all your locations. Fast connections everywhere. Thats how you outmaneuver. In hong 11 29 a. M. Kong. The latest minutes from the bank of japan show several Board Members losing confidence about inflation. One said it makes it difficult to normalize Monetary Policy while another one said 2 should be regarded as a longterm goal not necessarily achievable by 2019. However, almost all the members agreed reaching 2 is vital for japan. The bank of greece plans to start stress tests for the countrys four lenders in late february to determine if theyll need fresh capital before the end of the greek bail out program. Were told banks have been asked to send information and results of the tests may be ready by early may. Cutting bad loans has become a pressing issue as greece prepares for the post bail out era next august. The latest republican bills that repeal and replace much of obama care is dead. Susan collins became the third gop senator to say she would vote against it despite tweets to a socalled grahamcassidy bill funneling money to states with holdout senators including maine. Its the latest failure by republicans to deliver on a promise they campaigned on for seven years. Global news 24 hours a day powered by more than 2700 journalists and analysts to more than 120 countries. This is bloomberg. And with a check on the markets, the yen is below 112. We have weakness for japanese stock. Nikkei lower by 0. 2 . Gold is barely budging. Perhaps not so drastic a move to safe havens here. Stocks in manila fall