A new project created with the latest version of react-native throws javascript error while running(/debugging). Tested this on simulator.
[fatal][tid:main]
One issue is that if there is a .babelrc in a parent directory to your app, the packager will read that and it will cause this exact error. One way around it is to add a .babelrc file in your project:
.babelrc
{ "presets": ["react-native"] }