EDIT: This question refers to teh pre-release version of XCode 7, hence it may not be relevant if you are running the currently released version as some issues may have been fixed.
I get the following:
Failed to connect with the iOS agent. Please file a bug report at bugreport.apple.com.
Why is that?
If I look at the details I get:
=================================
ERROR:
Failed to find or create execution context for description System content 1x for IBCocoaTouchFramework-EightAndLater w/ default fidelity (Failure reason: Software caused connection abort): Failed to find newest available Simulator runtime (Failure reason: Software caused connection abort): Simulator verification failed. (Failure reason: A connection to the simulator verification service could not be established.)
Error Domain=NSPOSIXErrorDomain Code=53 "Failed to find or create execution context for description System content 1x for IBCocoaTouchFramework-EightAndLater w/ default fidelity" UserInfo=0x7fcf5961ebd0 {NSLocalizedDescription=Failed to find or create execution context for description System content 1x for IBCocoaTouchFramework-EightAndLater w/ default fidelity, NSUnderlyingError=0x7fcf58b72950 "Failed to find newest available Simulator runtime"}
Verify you have the latest Xcode Beta installation with Xcode-beta open click "About Xcode" and check the build number.
Then check the Current build number of the latest Xcode-beta on the Xcode Downloads Page:
https://developer.apple.com/xcode/downloads/