react-native: New project in RN 0.59.4 fails to bundle

🐛 Bug Report

Since 0.59.x, even 0.59.4 - I get this:

Failed to load bundle(http://localhost:8081/index.bundle?platform=ios&dev=true&minify=false) with error:(Unable to resolve module `./../../../../usr/local/lib/node_modules/@react-native-community/cli/node_modules/react-transform-hmr/lib/index.js` from `/Users/dcg/Desktop/AwesomeProject/App.js`: The module `./../../../../usr/local/lib/node_modules/@react-native-community/cli/node_modules/react-transform-hmr/lib/index.js` could not be found from `/Users/dcg/Desktop/AwesomeProject/App.js`. Indeed, none of these files exist:
  * `/usr/local/lib/node_modules/@react-native-community/cli/node_modules/react-transform-hmr/lib/index.js(.native||.ios.js|.native.js|.js|.ios.json|.native.json|.json|.ios.ts|.native.ts|.ts|.ios.tsx|.native.tsx|.tsx)`
  * `/usr/local/lib/node_modules/@react-native-community/cli/node_modules/react-transform-hmr/lib/index.js/index(.native||.ios.js|.native.js|.js|.ios.json|.native.json|.json|.ios.ts|.native.ts|.ts|.ios.tsx|.native.tsx|.tsx)` (null))

__38-[RCTCxxBridge loadSource:onProgress:]_block_invoke.213
    RCTCxxBridge.mm:414
___ZL36attemptAsynchronousLoadOfBundleAtURLP5NSURLU13block_pointerFvP18RCTLoadingProgressEU13block_pointerFvP7NSErrorP9RCTSourceE_block_invoke.118
__80-[RCTMultipartDataTask URLSession:streamTask:didBecomeInputStream:outputStream:]_block_invoke
-[RCTMultipartStreamReader emitChunk:headers:callback:done:]
-[RCTMultipartStreamReader readAllPartsWithCompletionCallback:progressCallback:]
-[RCTMultipartDataTask URLSession:streamTask:didBecomeInputStream:outputStream:]
__88-[NSURLSession delegate_streamTask:didBecomeInputStream:outputStream:completionHandler:]_block_invoke
__NSBLOCKOPERATION_IS_CALLING_OUT_TO_A_BLOCK__
-[NSBlockOperation main]
-[__NSOperationInternal _start:]
_dispatch_client_callout
_dispatch_block_invoke_direct
_dispatch_client_callout
_dispatch_block_invoke_direct
dispatch_block_perform
__NSOQSchedule_f
_dispatch_client_callout
_dispatch_continuation_pop
_dispatch_async_redirect_invoke
_dispatch_root_queue_drain
_dispatch_worker_thread3
_pthread_wqthread
start_wqthread

And on the react-native start side:

error: bundling failed: Error: Unable to resolve module `./../../../../usr/local/lib/node_modules/@react-native-community/cli/node_modules/react-transform-hmr/lib/index.js` from `/Users/dcg/Desktop/AwesomeProject/App.js`: The module `./../../../../usr/local/lib/node_modules/@react-native-community/cli/node_modules/react-transform-hmr/lib/index.js` could not be found from `/Users/dcg/Desktop/AwesomeProject/App.js`. Indeed, none of these files exist:
  * `/usr/local/lib/node_modules/@react-native-community/cli/node_modules/react-transform-hmr/lib/index.js(.native||.ios.js|.native.js|.js|.ios.json|.native.json|.json|.ios.ts|.native.ts|.ts|.ios.tsx|.native.tsx|.tsx)`
  * `/usr/local/lib/node_modules/@react-native-community/cli/node_modules/react-transform-hmr/lib/index.js/index(.native||.ios.js|.native.js|.js|.ios.json|.native.json|.json|.ios.ts|.native.ts|.ts|.ios.tsx|.native.tsx|.tsx)`
    at ModuleResolver.resolveDependency (/usr/local/lib/node_modules/@react-native-community/cli/node_modules/metro/src/node-haste/DependencyGraph/ModuleResolution.js:163:15)
    at ResolutionRequest.resolveDependency (/usr/local/lib/node_modules/@react-native-community/cli/node_modules/metro/src/node-haste/DependencyGraph/ResolutionRequest.js:52:18)
    at DependencyGraph.resolveDependency (/usr/local/lib/node_modules/@react-native-community/cli/node_modules/metro/src/node-haste/DependencyGraph.js:283:16)
    at Object.resolve (/usr/local/lib/node_modules/@react-native-community/cli/node_modules/metro/src/lib/transformHelpers.js:261:42)
    at dependencies.map.result (/usr/local/lib/node_modules/@react-native-community/cli/node_modules/metro/src/DeltaBundler/traverseDependencies.js:399:31)
    at Array.map (<anonymous>)
    at resolveDependencies (/usr/local/lib/node_modules/@react-native-community/cli/node_modules/metro/src/DeltaBundler/traverseDependencies.js:396:18)
    at /usr/local/lib/node_modules/@react-native-community/cli/node_modules/metro/src/DeltaBundler/traverseDependencies.js:269:33
    at Generator.next (<anonymous>)
    at asyncGeneratorStep (/usr/local/lib/node_modules/@react-native-community/cli/node_modules/metro/src/DeltaBundler/traverseDependencies.js:87:24)
 BUNDLE  [ios, dev] ./index.js ░░░░░░░░░░░░░░░░ 0.0% (0/1), failed.

To Reproduce

1. Create a new RN project
2. react-native start --reset-cache
3. react-native run-ios

Expected Behavior

Run.

Environment

  React Native Environment Info:
    System:
      OS: macOS 10.14.4
      CPU: (4) x64 Intel(R) Core(TM) i5-5287U CPU @ 2.90GHz
      Memory: 126.68 MB / 8.00 GB
      Shell: 3.2.57 - /bin/bash
    Binaries:
      Node: 10.15.3 - /usr/local/bin/node
      npm: 6.9.0 - /usr/local/bin/npm
      Watchman: 4.9.0 - /usr/local/bin/watchman
    SDKs:
      iOS SDK:
        Platforms: iOS 12.2, macOS 10.14, tvOS 12.2, watchOS 5.2
      Android SDK:
        API Levels: 23, 25, 26, 27, 28
        Build Tools: 23.0.1, 23.0.3, 25.0.3, 26.0.1, 27.0.3, 28.0.1, 28.0.2, 28.0.3
        System Images: android-23 | Google APIs Intel x86 Atom_64, android-25 | Google Play Intel x86 Atom, android-27 | Google Play Intel x86 Atom, android-28 | Google APIs Intel x86 Atom, android-28 | Google Play Intel x86 Atom
    IDEs:
      Android Studio: 3.3 AI-182.5107.16.33.5314842
      Xcode: 10.2/10E125 - /usr/bin/xcodebuild
    npmPackages:
      react: 16.8.3 => 16.8.3 
      react-native: 0.59.4 => 0.59.4