:00:00. > :00:00.weather are causing difficulties for the 3,000 firefighters tackling the
:00:00. > :00:00.blazes. Nose are the headlines.
:00:00. > :00:25.Time for Aaron. It's the tale of two tech titans.ly
:00:26. > :00:28.tell you how much money the world's most valuable company made in the
:00:29. > :00:32.past, or over the past, three months and whether or not that little blue
:00:33. > :00:40.bird made any at all. And, power up - we get a sneaky
:00:41. > :00:44.peeky inside Tesla's $2.5 billion giga-factory. She's big T factory
:00:45. > :00:52.that will make the batteries sits on more than 3,000 acres.
:00:53. > :00:58.Good morning Britain. Hello world. I'm Aaron Heslehurst. Welcome to the
:00:59. > :01:03.programme. I know it's early in Britain. If you're watching for the
:01:04. > :01:06.first time what this is, this is a bite-size snapshot of all the latest
:01:07. > :01:11.in business and money. It's exciting. Lots going on. Let's start
:01:12. > :01:18.with this. You be quiet in my ear. It's a tale of two tech titans. One
:01:19. > :01:24.is a titan but let's start with Apple, the titan, that reported a
:01:25. > :01:28.27% drop in quarterly profits N the last 3 months the profits dropped
:01:29. > :01:32.27%. That may sound like a lot but the slowdown in how much money Apple
:01:33. > :01:35.made wasn't as bad as Wall Street was expecting. Because of that
:01:36. > :01:42.investors were happy, they jumped in. Share prices of Apple went up 7%
:01:43. > :01:47.in after-hours trading. Meanwhile Twitter -er - it saw its slowest
:01:48. > :01:52.group in quarterly revenue, so the amount of money it raked in in in
:01:53. > :01:56.three months, that's the slowest since the company went public, since
:01:57. > :02:02.it did its IPO in 2013. Of course thshgs is a company facing
:02:03. > :02:07.tough competition from other social media platforms, the likes of
:02:08. > :02:12.Instagram, SnapChat, though I should say Twitter, the number of monthly
:02:13. > :02:18.active users, that rose 3%. That is important. That's a gauge for
:02:19. > :02:23.advertisers. Nevertheless, it's Twitter shares, down, 11%. That's
:02:24. > :02:29.not good. OK, lots to talk about. Familiar face, Managing Director of
:02:30. > :02:32.Impress Online joins us. Thanks for coming in at this horrendous hour.
:02:33. > :02:36.There are other phones out there, by the way.
:02:37. > :02:42.A victim of its own success, right? I mean, here is Apple, apple and
:02:43. > :02:45.investors, all knew that they were going to, the sales of these were
:02:46. > :02:50.slowing down, they knew that, I know, don't look at this, it's an
:02:51. > :02:53.old one. Sales are slowing down, investors thought sales would be
:02:54. > :02:57.down here, Apple says they weren't that bad, down but about here and
:02:58. > :03:02.investors light lying that, right? They weren't too bad. I think any
:03:03. > :03:07.time you have a business and we've talked about 80% of Apple's core
:03:08. > :03:13.business is built on these product sales of these phones, any time you
:03:14. > :03:16.have a built on physical products, over time the popularity of those
:03:17. > :03:21.products will go down and Apple has done a great job over the years,
:03:22. > :03:25.particularly with the iPhone in reinventing it, adding new bells and
:03:26. > :03:29.whistles, for new generations, but you will always see a little bit of
:03:30. > :03:31.a slowdown in physical products. If someone wants one, the chances are
:03:32. > :03:37.they have one. That's probably the problem. A bigger part. How many
:03:38. > :03:43.people, can you sell the same thing to... It's the Chinese, they can buy
:03:44. > :03:49.more in China. Is this an issue? Briefly on this, since the jobs
:03:50. > :03:54.died, Apple has had not one new crackerjack product. I think you're
:03:55. > :04:01.right in a literal sense, creativity and innovation has gone down and
:04:02. > :04:05.from perception, a lot of Apple users are die-hard Apple fans and
:04:06. > :04:09.once their guru, this creative genius, passed away a lot of people
:04:10. > :04:14.perceive that creativity has gone out as well. I will come back to
:04:15. > :04:21.Apple if we have time. Twitter, what do I say. Jack Dorcy is back in the
:04:22. > :04:26.chair as the CEOt co-founder? He's been back for about a year. But
:04:27. > :04:30.look, it's never made a profit. It's struggling really to grow. I know
:04:31. > :04:35.it's growing users by 3%, but that's not enough, is it? No, it's very
:04:36. > :04:39.difficult for Twitter. I think unfortunately you know, from an
:04:40. > :04:43.investment perspective I have to say going after the big live streaming
:04:44. > :04:48.deals they have announced as well, almost to try to set investors'
:04:49. > :04:51.minds at ease, we are investing in this content, that smacks of
:04:52. > :04:54.desperation, at the end of the day, it's a communications channel,
:04:55. > :04:59.distribution, so to just go out and try to buy the rights to con tept,
:05:00. > :05:03.to try to get eyeballs on it in that way, not the best strategy in the
:05:04. > :05:08.world. No, and content wise, for Apple, if
:05:09. > :05:13.we go back, I mean, they need, it needs more of that. Yes. So I think
:05:14. > :05:16.this is the big thing F you look at the two companies together, one is
:05:17. > :05:19.kind of a physical product, manufacture, one is a software
:05:20. > :05:22.company, interesting that they're both in decline, and the content
:05:23. > :05:27.could be the thing that saves both of them, Twitter is looking to live
:05:28. > :05:32.streaming, Apple's core business is like, tooun and app stores are doing
:05:33. > :05:36.well. So I think if these businesses look at content a bit more, that
:05:37. > :05:39.could be where future revenue growth comes from. Interesting. Jamie,
:05:40. > :05:43.appreciate it mate. Talk to you soon.
:05:44. > :05:47.If Apple is watching, yeah, it's only an iPhone 5.
:05:48. > :05:52.There's a 6 now, or something? Maybe 7, soon. Yes, 7. That would be nice.
:05:53. > :05:56.That would be really nice, Apple. Let's look at what is happening on
:05:57. > :06:00.the Asian markets. If anyone is watching, I can't accept a phone
:06:01. > :06:06.from Apple, OK. Rico? What phone do you use and how
:06:07. > :06:15.up to date is it? Oh, oh, I'm sorry, you're there, I'm
:06:16. > :06:21.tweeting you. Hashtag "aaron Aaron Heslehurst the biz man".
:06:22. > :06:25.I want to know what phone you use? I cannot reveal. This is confidential.
:06:26. > :06:30.There is the phone. How, what are the markets doing over
:06:31. > :06:36.there? It's doing well today. It's in positive territory. Climing to
:06:37. > :06:41.fresh, near one-year highs led by Japan. The Nikkei 225 is up more
:06:42. > :06:46.than 1%. They are the centre of attraction today because according
:06:47. > :06:52.to local TV, Aaron, Prime Minister Abe is planning a stimulus package
:06:53. > :06:57.with a headline figure of $255 billion US dollars to reflat the
:06:58. > :07:01.flagging economy and not only that, there's near consensus almost among
:07:02. > :07:06.traders that the Central Bank will be easing this Friday, most likely,
:07:07. > :07:10.by ramping up its already massive purchases of government bonds and
:07:11. > :07:14.risker assets. Cutting interest rates to negative territory proved
:07:15. > :07:18.them popular with the lick and government, so deepening the cuts is
:07:19. > :07:23.a less likely option. Investors are keeping tabs on Japan's latest
:07:24. > :07:26.earnings reports. You have Nintendo and Nissan among companies reporting
:07:27. > :07:31.after the markets close. As for the rest of the markets, Hong Kong
:07:32. > :07:35.stocks and Chinese stocks in positive territory, continuing to be
:07:36. > :07:39.snapped up to a stock market connection scheme. Australia,
:07:40. > :07:44.Indonesia, Thailand, file peens, also in positive territory. A good
:07:45. > :07:49.day for stocks, back to you. Hey, Rico, stay put. This is fresh
:07:50. > :07:54.off the press. Can we say that? Off the printzer? The giga-factory.
:07:55. > :07:57.Tesla has given us, the BBC, a sneak preview of its brand new
:07:58. > :08:01.giga-factory. The biggest it will be. The biggest battery plant in the
:08:02. > :08:06.world. It's being built to meet the demand for the firm's cars and
:08:07. > :08:11.provide power for all sorts of, well, new types of vehicles. It is
:08:12. > :08:15.near the US state of Nevada. When it's completed it will have the
:08:16. > :08:23.largest physical foot print of any building in the world.
:08:24. > :08:27.For the Tesla boss, Elon Musk, there's a lot riding on the success.
:08:28. > :08:31.And we've been looking around. They call Reno the biggest little
:08:32. > :08:38.city in the world. There's nothing little about its newest neighbour.
:08:39. > :08:41.Tesla's giga-factory spans 3,000 acres and around 1,000 construction
:08:42. > :08:44.workers are working 7 days a week to finish it.
:08:45. > :08:49.When Elon Musk published his latest master plan for what he wants to do
:08:50. > :08:53.with Tesla, he said it was done doing, he was done with electric
:08:54. > :08:56.cars now he wants buses and any type of ground transportation. To achieve
:08:57. > :09:00.that he needs more bot tris which is what this place is for.
:09:01. > :09:05.The building right now is only a sixth of what it will eventually be.
:09:06. > :09:09.By 2020 the factory will apparently be able to supply batteries for as
:09:10. > :09:14.many as 500,000 Tesla cars each year.
:09:15. > :09:18.Much of the factory is still top secret. We were only allowed to film
:09:19. > :09:22.in a small handful of places. They wanted to show the world
:09:23. > :09:26.they're raring to go. Bosses here say the factory is around 2 years
:09:27. > :09:31.ahead of schedule, which is good, because Tesla is really in a rush.
:09:32. > :09:34.The company hasn't yet made any money. Boss Elon Musk is under a lot
:09:35. > :09:39.of pressure from investors to set that right.
:09:40. > :09:43.Welcome to the giga-factory. I believe we are on track to meet the
:09:44. > :09:48.half million in 2018. Obviously long-term it's going to make sense
:09:49. > :09:54.to have a giga-factory in Europe and one in China. Probably one in India.
:09:55. > :10:00.Mr Musk also has to answer troubling safety concerns about his cars. Last
:10:01. > :10:04.month it was revealed its auto pilot function, which essentially drives
:10:05. > :10:07.the car for you on a motorway, was being investigated to see if it was
:10:08. > :10:13.responsible for the death of a driver. REPORTER: Do you have any
:10:14. > :10:20.regrets about how Tesla rolled out auto pilot in the cars? No, I think
:10:21. > :10:25.we did the right thing. We have the internal data to know that we
:10:26. > :10:30.improved people's safety, not just in fatalities but also in injuries.
:10:31. > :10:33.It's partly the enthusiasm and vision of Elon Musk that keeps
:10:34. > :10:37.investors interested in this company. The success of this
:10:38. > :10:46.colossal project will make or break him.
:10:47. > :10:50.Good on you. Follow me on Twitter. I will will be back shortly. Taking
:10:51. > :11:00.a look at the newspapers from around the world.
:11:01. > :11:05.Under pressure, hospitals around the United Kingdom are increasing the
:11:06. > :11:09.number of high cost payments to consultant doctors for extra shifts.
:11:10. > :11:11.Anonymous investigation by BBC News found