this is business live from bbc news with sally bundock and ben bland. tesla promises investors it's driving towards profitability after making $4bn in revenue in the three months tojune. live from london, that's our top story on thursday the 2nd of august. despite a seventh consecutive operating loss, this time over $700 million, shares in the electric car—maker soared as optimism abounds about tesla's future. also in the programme... startling statistics about our digital addictions — we look at our smartphones every 12 minutes on average and hardly use them for making phone calls anymore. looking at the markets in europe,

they are all lower. germany down by over 1% and we will explain why. and want to be pampered, but don't have time to get to a salon? one app offers home hair—drying, manicures and massage services, in what's turning out to be a bumper business. and as digital addiction is growing, we're asking, what do you use your smartphone for most? do you suffer from smartphone separation anxiety when it's not with you? ido! let us know — just use the hashtag bbcbizlive hello and welcome to business live. do get into touch and many of you have been in touch already. and i can confirm, ben does worry when he doesn't have his phone. mine isn't

evenin doesn't have his phone. mine isn't even in the studio. we start with some electrifying results from us car maker tesla. it delivered more of its model three cars in the most recent quarter, helping to boost revenues and setting it on course to be profitable in the next quarter. the company announced record revenue of $4 billion, but it's still operating at a loss — $717.5 million in the last quarter in fact. this didn't worry investors though, and here is why... tesla says it will make over 6,000 model three cars a week from august, and between 50,000 and 55,000 in the third quarter. this will help prop up tesla's volatile stock price. here's a look at how it's been fairing. and worth noting, it's been the most bet against stock on wall street until now. in after hour's trade wednesday the shares ended 9.4% higher. amanda stretton, motoring editor at financial services comparison

website confused.com is with me now. $700 million loss, but is something other companies wouldn't get away with and then see their share price going up? they don't behave as a typical 0em would, whether that is the fanaticism of the people buying the fanaticism of the people buying the car is all the way there ceo behaves, nothing to do with it housler is remotely like a volume car company housler is remotely like a volume carcompany and housler is remotely like a volume car company and yet this is what they are striving to become.“ car company and yet this is what they are striving to become. if they are making that kind of a loss and they could point to conditions going

ahead being predictable and favourable, but they pointed to the obvious trade tensions between the us and china, possible car import ta riffs us and china, possible car import tariffs on cars going from the us to china but they are still investing 2 billion in a factory there and saying things will get better? elon musk makes a lot of promises, which we have seen in the past, he has missed. they do miss targets increasingly. moving into china will be an important move, but when they are looking at producing half a million units a year but still only looking at producing 160,000 at the moment and they are besieged with problems. you have two as the question if they will ever achieve it. chinese market is very important, particularly manufacturing in china because of

the trade tariffs that have been imposed on american produce vehicles at the moment. but in the states, subsidies are going down on electric ca i’s subsidies are going down on electric cars oui’ research subsidies are going down on electric cars our research in the uk shows 33% of consumers are concerned about buying electric cars because of the government's stall in the charging point infrastructure. if you are looking at this from an auto manufacturer point of view, it doesn't look great. if you are looking at it from a tech point of view, those companies behave differently. there have been a lot of patience and fade from their stuff and investors, i suppose you have to ask, how long can it continue? staff are besieged by problems, all sorts of lawsuits going on with their staff as well. they have a lot of issues. they have been calling in staff to work on the

production line from service centres. elon musk said he was feeling tired because he had been working on the shop floor. they are calling on the goodwill. there was a tent outside the production line in order to reach this very important 5000 units a week target. the big question is, is it going to be sustainable and carry it on? will it be financially sustainable looking at the amount of operating losses they have been making? the other question is, the cars, the model three they have been sending out is the expensive cars, lots of added extras and these are the ones that have the big margins. not the base model three which he says will be the carfor model three which he says will be the car for the people. model three which he says will be the carfor the people. no one has got it yet. amanda, thank you for your thoughts. let's take a look at some of the other stories making the news.

german industrial giant siemens has reported a slightly better—than—expected industrial profit during the three months to june. the turbines—to—trains—maker said profit rose 2% to $2.57 billion — but revenue fell 4% to around $24 billion, slightly missing expectations. the us federal reserve has kept interest rates unchanged for now but said it's on track to increase borrowing costs in september. the fed says economic growth is strong and the job market has continued to strengthen. inflation has remained near the central bank's 2% target. facebook‘s chief security officer alex stamos has left the company to become a fellow at nearby stanford university. his departure had been expected following news in march that facebook was reorganising its security division. there are conflicting media reports that google is preparing to re—enter

china with a censored version of its search engine. the searches on technology giant's search engine have been blocked by beijing since 2010. katie silver is following the story in singapore tell us more? non-this is confirmed but what reports are suggesting is the new product will be available on mobiles and certain topics would be censored. things like human rights, democracy, religion and peaceful protest. the story was broken and they say they found this information out by reading documents and

conversations with insiders. they said the project is called dragonfly and chinese officials have seen it. but it has been denied by the state owned newspaper there and so far google hasn't offered a response. but the social media giant has been blocked therefore the past eight yea rs blocked therefore the past eight years based on censorship and they said the chinese government was hacking their gmail software when they were there in 2010, but chinese human rights activists has said this potential news is a dark day for internet freedom. thank you very much, an interesting story and we will update when we get confirmation on that. let's look at the markets in asia. it was a torrid session and the trump administration confirmed they are looking to increase tariffs on chinese imports into the united states by quite a significant amount. china said if the us ups the

ante, we will retaliate. so that is backin ante, we will retaliate. so that is back in the minds of investors worldwide and it caused a market in asia to wobble by a third of a percent. that theme is continuing in europe. i would percent. that theme is continuing in europe. iwould imagine percent. that theme is continuing in europe. i would imagine the concern about a protracted trade war is on their minds, but there is so many stories, pre—tax profits for ba rclays bank stories, pre—tax profits for barclays bank down by 30%. mixed results from rolls—royce and that is the aerospace company and not posh cars. we have paul blake who is in wall street for a look ahead to their day there. wall street's attention turns to cbs today. the us broadcaster is expected to post an increase in revenue during the second quarter, but the big question on wall street's mind is whether the corporation's ceo les moonves will be on that conference call. moonves became ensnared in a #metoo scandal last week after an investigation by the new yorker magazine detailed accusations of sexual harassment against him, made by six women. for his part, moonves acknowledged

he may have made some women uncomfortable, but said that he respected when women have said no. moonves, who is one of the highest paid executives in the media industry, was able to keep hisjob after a board meeting last week as the corporation hired an outside investigator to come in and review the claims. now, just one week later, wall street will be looking to see what, if anything, he or other executives have to say about that matter. james bevan, chief investment officer at ccla investment management. one thing we cannot ignore today, the bank of england, the latest decision on interest rates due at midday and it seems like the expectations from all investors, almost all, we will see a slight rise? indeed, and those who don't think there will be arise today it

will be in november. isn't it fascinating we get excited by a 0.25% rise in interest rates. the impact we may have on sentiment if there is a shift in rates. we have had a few tweets about this decision and some viewers pointing out this is great news for savers. we are starting to go in the right direction at last. for ten years, for savers, it's been really tough? what is fascinating, when you think about the aftermath of the financial crisis when central bankers put up their hands and said we will cut interest rates, quantitive easing and save the economy, some economist in canada, australia, new zealand and sweden have borrowed more and pushed up house prices and created a bigger debt burden. james, thank

you. we will go through the papers with you later. also, if we have time, james has a great story about hidden treasure. we have to be disciplined. if we don't have time, i will keep it all to myself. let's move on. still to come... primed to pamper — one app brings beauty technicians to you, so that you can get the treatment you need in the convenience of your own home. and it's getting a lot of investor attention. you're with business live, from bbc news. profits at uk banking giant barclays have been dented by a near £2 billion in legal settlements. it reported a 29% fall in pre—tax profit to £1.7 billion for the six months to the end ofjune. peter hahn is a professor of banking at the london institute of banking & finance. peter, i say it is to do with ppi,

payment protection insurance, am i right? i was guessing. payment protection insurance, am i right? iwas guessing. sorry, i didn't hear the whole question. right? iwas guessing. sorry, i didn't hear the whole questionlj was didn't hear the whole question.” was saying barclays bank has been hit by a £2 million legal bill, is it to do with ppi? they have had a history of problems, but in the results announced this morning, one of the good things is, the reduction in their conduct charges. their charges decreasing with the results and what has happened in their us investment bank, where they have increased volume in certain areas. generally i think 11—3 it is a more positive measure. in terms of the actual earnings themselves, the bosses saying he's very bullish

about the outlook, of course it is hisjob to say about the outlook, of course it is his job to say that, how are you feeling about the outlook? everybody has been asking, have they been turning around their us investment bank? trading is fixed, stable and it didn't go up. but the equity trading increased dramatically. it means they are participating in the strong us economy. it is the biggest investment banking market and that is what people are looking for, will continue? we will leave it there, thank you forjoining us. there is plenty on our business live page. merlin entertainments say they are affected page. merlin entertainments say they a re affected by page. merlin entertainments say they are affected by terror attacks and bad weather which explains the fall in pre—tax profits for the year that

ended at the end ofjune. your're watching business live. our top story... tesla's latest results drive the share price higher in after—hours trade, after the electric carmaker said it's on track to be profitable next quarter. promises, promises! indeed. now, many of us will treat ourselves to a manicure 01’ a massage after a tough day at work, or a gruelling day with the kids. absolutely, i do it all the time. so it may not surprise you to learn that globally, the beauty industry is worth some $445 billion a year. here in the uk, we're likely to spend on average $640 on beauty products and treatments in 2020. one business looking for a slice of that pie is blow ltd — which was founded in 2013, and allows customers to book hairdressers, nail technicians and other

beauticians to come to you when you want them to. and the name is to do with a hair blow dry. thank you for clarifying that, sally. ijust sally. i just thought that was important. indeed. fiona mcintosh is the co—founder of blow ltd. as pa rt of as part of the relaxation of having these pampering treatments that you are getting out of your environment and having a break and getting away from the office or the pressures of home, is that not part of the appeal? traditionally, the spa industry is about that, the slow beauty and the experience of relaxing. for a lot of women, time is of huge importance. if you are a working mother, you just want to get ready really quickly and how convenient to have somebody coming to your home, no travel time, it cuts out that. so you can do other

things well you have your treatments at home. it does appeal. when i go out sometimes, i have ten minutes to get ready. tell us how your app works and where you are working. it depends where you are as to whether you can access this. it does. we are growing quickly, we are in greater london and manchester and birmingham at the moment. say you are going out on saturday night and you have a big award ceremony or something. you grab the app and you put in your location, so you want it at your home or your hotel room. the time you want it. it could be 7am because we know how busy women are so it is important we can offer services early, or it can be late at night or at weekends. and you choose your service. you flip through the app and you could choose a blow—dry, a manicure, pedicure, make—up,

massage, at your lashes. you say you are not dubler for the massage, at your lashes. you say you are not dublerfor the beauty industry? the technology is like uber, ordering a taxi. but they are all trained professionals. most of them have been working in the industry for about ten years and we have taken them through rigorous training and testing. that sounds very time—consuming and expensive. well, we have to get the right people. only 4% of professionals who apply get taken onto the platform because we have to make sure we get the very best on there. so you are paying for the best beauty professionals. it is interesting because with this kind model, some other tech companies have found they have employment issues. so with the stuff, they yours, j employed them, 01’ stuff, they yours, j employed them, or is it very casual, they are self—employed and you connect them with a customer when they are available and the customers needs

them? it is not... they are all self—employed professionals. they can have private clients as well, it is totally up to them. they load up the hours they can give you so we have a lot of working mothers who work with us. they organise their time around childcare. so they can pick and choose when they do the jobs. they know the busy periods. how'd you get known in a market that is already so saturated, not necessarily in rural areas, but in cities? and every corner, there is a nail barand it cities? and every corner, there is a nail bar and it is not expensive and sometimes it is pretty good service. absolutely, i think what we offer is convenience and we can be at your home and save you time and that is really important. something else thatis really important. something else that is interesting is 47% of our services are done outside working hours so it shows you how busy women

are and how important convenience is to have something at home. the owner, thanks very much, it is good to have you with us and thank you for talking is through it. —— cliodhna. we're becoming increasingly addicted to our smartphones, according to a new report by the communications regulator, ofcom. the average person now checks their phone every 12 minutes, with the number of calls made on mobiles falling for the first time ever. our technology correspondent, rory cellan—jones, has more details. we're going to make some history together today. 2007, and steve jobs unveils apple's iphone. 2008, and the first android phones are unveiled. what's followed, according to ofcom, is a decade where we've become increasingly dependent on our smartphones. we're using them in all sorts of ways throughout the day, and three quarters of people questioned said they couldn't live without one. ten years ago, we had many different devices. we had mp3 players to listen to music. we had satellite navigation systems to take us around. today, all of that is compacted into one device, and now eight

in ten of us own a smartphone, and really spend our entire lives on that smartphone. ofcom's research shows how addicted we are to smartphones. 40% of people check their phones within five minutes of waking up. the average person looks at their phone every 12 minutes, and spends an average of two hours and 28 minutes a day using it. one thing we're not doing so much on our phones is talking. the number of mobile voice calls has fallen, for the first time ever. rory cellan—jones, bbc news. james is back. sorry, ben. i have been looking at my bone! we all have been. this is a world that is full of data and the challenges to stay up—to—date to make sure we can analyse it. if you leave your phone at home? i feel out of touch, exposed, all

sorts of things. i panicked when i smashed mine the other day. it still worked. the only thing that would be worse is if i dropped it down a drain. that happens a lot, people put them in their toilet and —— in their pocket and it. the toilet. we have been asking you what you use yours for. this message says, i make hardly any voice calls but i use a lot of data, i become a slave to my smartphone. paul says, i lot of data, i become a slave to my smartphone. paulsays, ican‘t understand why people have separation anxiety, the only time you need one is forfriends to separation anxiety, the only time you need one is for friends to call you need one is for friends to call you and tell you where the nearest bar is. i hope you have lots of friends who do that! james, let's talk about this related story about rentokil in france and something to do with employers who

wish to be out of touch. there is a french law that was brought in to ensure it was a necessary pa rt brought in to ensure it was a necessary part of statement in contract that if you wanted to contact an employee out of hours, and rentokil had not been on the ball and this did not happen and they had to pay compensation. 60,000 euros. many people assume that the fa ct euros. many people assume that the fact that we have the smart devices all the time means our employer can get hold of us when they want. all the time means our employer can get hold of us when they wantm all the time means our employer can get hold of us when they want. it is up get hold of us when they want. it is up to the employer to specify in the contract whether it is expected you will be available and, if you are, the terms of that availability.” have to pick your brains about another story you found, hidden treasure. this is absolutely fascinating, this is a creative company who run a cryptocurrency facility and it is very popular in korea and they came up with a story that they had discovered a large store of gold bullion in russian

ship that had been sunk in 1905. people bought, we will buy into it and we will be wealthy. now it turns out that is not entirely the case. at the same time, the leading players bought into a steel company and investors thought, that will be involved in a salvage operation, no basis for this, and the other it is trying to determine whether this is an unpleasant scam or a confluence of bad luck and ill fortune. but it demonstrates how important it is to do proper work when you invest or whether it is intuition or speculation. i certainly did not invest! we don't have time to talk about amazon. 12,000,000% return, thatis about amazon. 12,000,000% return, that is an investment and a half! we just got that in. we'll see you again tomorrow. hello. it is a warm, humid day

today. some good spells of sunshine, especially further east. in the west, there is more cloud. but temperatures will be up and yesterday for everyone. the real heat is in the south east sector. through the day, we noticed the cloud will linger through western coastal areas and we could see outbreaks are patchy rain had reports of northern ireland. elsewhere, it is a largely fine and dry story with breaks in the cloud, especially further east. through parts of eastern scotland, through north—eastern england, into east anglia and into the south east. it is here we will see the peak of those temperatures, with highs of around 33 celsius. at edgbaston, it will be humid. some cloud around, but we should see breaks in that cloud, allowing for sunny spells. light winds with highs of 26

celsius. into this evening, prolonged rain through northern ireland working in scotland. later in the night, a spell of frameworks into northern england. elsewhere, it is dry with clear skies, that it will be muggy, temperatures not falling too far. the rain that has worked into parts of northern england will act as a dividing line through friday. above it to the north, it will feel fresher. to the south of it, it will feel humid. and that rain will gradually fizzle producing this cloud. good spells of sunshine around, but the heat is building into the south east corner where we could see highs of around 33 celsius. into the weekend, we will bring gent more of a north—westerly feed which gradually squeezes out the humidity, pushing it to the south. would it may linger through parts of the south east into saturday. a lot of fine weather with a risk of showers in parts of east

anglia, and temperatures a little down on where they were on friday but still hitting 30 celsius in the south east. a similar day on sunday. perhaps more cloud through parts of scotla nd perhaps more cloud through parts of scotland with patchy outbreaks of rain, but elsewhere, it is dry with good spells of sunshine, feeling a touch fresher on sunday but temperatures in the high 20s towards the south east. hello, it's 9:00am. i'm chloe tilley, welcome to the programme the sister of a pregnant woman who was stabbed to death by her boyfriend, who has schizophrenia, says the family wasn't told that he'd been released into the community for visits. now the victim's commissioner is calling for more rights for the victims of offenders whose mental illness contributes to their crime. baroness newlove is here in the studio. people now check their smartphone, on average, every 12 minutes, according to a new report. we're asking whether parents being stuck to their screens actually harms children's development.

it's a trap that you fall in, you know. you reply to a text message and the next minute, you are finding yourself checking your twitter notifications and then, you know, if you fall into that trap, time can go quickly.