Are shaping up. And harnessing the power of sd printing in health care. We meet the firm thats revolutionising the way artificial limbs are made making them cheaper and easier for those who need them most. And as you are hearing. Like it or loath it facebook is bigger more profitable and more controversial than ever. What do you think about that . Has it got too much influence . Just use the bbcbizlive. Hello and welcome to Business Live. We start with facebook because despite the ongoing controversy over everything from fake news to extremist and violent content the Social Networkjust keeps getting bigger and more profitable. Facebook has been warning for some time it cant keep growing at this rate but the latest results show no sign of a slowdown. Facebook made profits ofjust over 3 billion in the first three months of this year. Thats a jump of more than 76 on the same period last year and more than investors were expecting. And it is creeping ever closer to two billion users 1. 91; billion people are now actively on the Social Media Platform every month, up 17 on this time last year. Its added 80 million new users over the past three months alone. Businesses want to reach that audience so badly that last year they spent almost 27 billion advertising on facebook. Thats more than was spent on adverts with any company in the world other than google. And the figure is expected to be well over 30 billion this year. Its not just advertisers that love facebook so do investors. This week facebook shares hit yet another all time high, this is how theyve done over the last five years, giving the company a Stock Market Value of about m40 billion. But amid growing criticism over content including fake news, as well as extremist and violent material, the company says it will hire 3,000 people to monitor and remove such posts. Raoul lumb is a Technology Lawyer with the law firm simons, muirhead burton. Good morning. Good to see you again. We have talked through the detail. The situation at the moment, at least for now, seems to be facebook is going better and further than a nalysts is going better and further than analysts expect, and yet it is a lwa ys analysts expect, and yet it is always warning us that in the next quarter, or even maybe in the next quarter, or even maybe in the next quarter things will slow down. Classic managing investor expectations, any business with those results in this quarter would have been delighted and it would have been delighted and it would have been a Success Story for facebook. All they ever say is will we sustain its next year . If you dig deeper, near to 2 billion active users, it all sounds very strong, what is behind the figure . The growth in facebook users has been markets outside the eu, canada and us, they are established markets, it has been asia pacific and what facebook describes as rest of world. Those are users under the age of 25 and that is the sector people say facebook is beginning to lose. And that is the sector people say facebook is beginning to losem that the users they want . The under 25 year olds . They are most likely to be moved by advertising on facebook . Is that the thinking . Perhaps, the problem facebook has is if it continually it acquires older users its user base drops away and facebooks Advertising Business is predicated on getting the most eye balls predicated on getting the most eyeballs in front of adverts as possible. If your user base declines than its revenues go down. What about the news it is hiring 3000 more people to try and help police the Social Media Site . I found it interesting that they need humans to do that and have not yet got the technology to do that for them. They will reluctantly hire 3000 moderators in the face of a number of outcries about content on facebook this year and have described it as a significant cost on business that will put the squeeze on revenues. But you are right, there are moves in facebook to get thatjob done, its an enormous investor in the field of Artificial Intelligence and that is something investors think might help it grow in the future. Artificial intelligence and the latest biggest event talked a lot about Artificial Intelligence and there is a lot of concern about the sheer volume of data they have on all of their users and what they might do with that. Quite right, there has been real concern that the sheer amount of Data Facebook has about facebook users gcioss Data Facebook has about facebook users across the various facebook channels that exist means they might be able to target adverts based on things like ones emotional state, if you are angry or sad. What facebook will need to do is increase the price people pay for an individual Advert Server becomes attention for facebook whether it is willing to allow that kind of targeting to businesses. At the moment facebook users are just handing over this information about ourselves absolutely for nothing really. And yet they are building huge value on all that data they hold. Will we get to a point where we can monetise our own data . Highly unlikely, if a service is free then you are the product, as they say and thats the case with facebook. There are thats the case with facebook. There a re m oves thats the case with facebook. There are moves in the European Union to give people greater control of their personal data but there is nothing in that raft of legislation that will undermine the Business Model of facebook significantly. Raoul lumb, good to talk to you, thank you for your analysis. Lets bring you up to date with the other business news. Theres been a huge rise in profits at one of the Worlds Biggest Oil companies shell. Earnings soared to 3. 8 billion. Analysts had been expecting a Strong Quarter thanks to higher oil prices. Chief executive Ben Van Beurden says there were notable improvements in its Extraction Business and chemicals processing divisions as well as better market conditions. The Australian Government has warned that mining giant bhp biliton could Face Criminal Charges if it tries to move out of the country, arguing it would be against the national interest. The activist investor Elliott Management wants bhp to be listed only on the London Stock Exchange instead of the current structure also involving sydney. Elliott says the change would allow the company to give more money to shareholders. The Sportswear Firm Adidas has reported bigger than expected profits for the first three months of this year. It made about 495 million thanks to strong growth in online sales and in North America where its battling nike for market share. The demand for products were strong gcioss the demand for products were strong across the world with the exception of russia. North america did particularly well for the firm. Lets talk in more detail about hsbc. Europes biggest bank is listed in hong kong as well as in london. It has big operations in asia and europe, it reported a 90 fall in profits for the first three months of this year. But here is the rub. The chief executive Stuart Gulliver called the figure is a good set of results. Why is that . Therefore in profits but they are a good set of results, explain that for us, sarah toms. As you said he is a happy man but it is good news of sorts, although it may not sound like it. Although as you said First Quarter profits fell to around 19 , that is just under 5 billion for the first three months of the year. This is much better than analysts expected and hsbc itself says the fall was mostly and hsbc itself says the fall was m ostly d own and hsbc itself says the fall was mostly down to accounting changes and also the fact that last years results including earnings from its business sold injuly last results including earnings from its business sold in july last year. Also, its pre tax profits have actually gone up 12 in the First Quarter to nearly 6 billion us dollars. These results gave hsbcs share price in hong kong a bit of a boost today, shares rose about 2 after the announcement, and finally the Company Seems to be moving from restructuring to growth. But shareholders must not get too excited as they are not likely to see any extra payments. Hsbc says it will hold its dividend steady for now. Sarah, good to see you, thank you for explaining that. Ignore the nikkei logo you saw on the screen because its closed for the second day of a holiday so those figures are from early on the week. I have put brent on there because of shell, oil prices above 50 part of the reason why shell have done better, 3. 1; billion. Analysts expected the figures to be pretty good after oil prices started rising. Down 1 on the day. I want to show you what happened in the United States, the dowjones pretty happened in the United States, the dow jones pretty flat happened in the United States, the dowjones pretty flat after the us fed held Interest Rates unchanged, investors wading through a whole raft of other earnings. This is what europe is doing at the moment, remember, we get an update on the services sector, the latest pmi data. In the uk forecasts for two 54. 7 from the previous reading of 55, it still accounts for three quarters of the uk economy so its pretty important. We will also get figures from elsewhere across europe, all of this after a bounce backin europe, all of this after a bounce back in manufacturing in construction. We will get the pmi for spain, italy and france and germany, so those are ones to watch closely. As promised, lets head to the United States and Samira Hussein has the details about the day ahead on wall street. There has been much talk by President Trump about the countrys Trade Deficit numbers. On thursday the Us Commerce Department will likely report new numbers that show that americas Trade Deficit actually widened. Now, that is surely going to get some attention from the president s twitter account. In Earnings News the Worlds LargestBrewer Anheuser busch inbev will report earnings. And the focus will be on brazil were volumes have been falling for the last two years. They will also be a focus on its largest market, the United States, which could have also had a bit of a soft start to the year. And finally, if youve played farmville all words with friends, well then you are probably part of the reason why the company that created those two games, zynga, will see a rise in revenue for the last quarter. Investors are going to be looking at the new games zynga may have up its sleeve. Sorry, we were just chatting. James quinn, Group Business editor of telegraph media group. We were chatting about so many results out this morning. First, shell. Goodies, the oil prices up 55 shell. Goodies, the oil prices up 5596 in shell. Goodies, the oil prices up 55 in the First Quarter so that has been a factor good news. 55 in the First Quarter so that has been a factor good news. The bg group . The acquisition in the Third Quarter last year, they have taken costs out of that so it is good news and good numbers for shell. Overall bp and shell, all good news relatively speaking. Relatively good, all eyes to see when it will list and all eyes to the market and who will be in charge. We have talked about hsbc. I want your take on it. We talked about sarah in new york but its been tough for the big banks, we have had all of this change in regulation, Investment Banking isnt as big as it was. These numbers dont look as good as this time last year. The numbers this time last year. The numbers this time last year. The numbers this time last year included the sale of their brazilian arm so they we re sale of their brazilian arm so they were a little inflated as it were. It is hard for a backlight hsbc but it has such a massive reach All Around The World and has a good mix of retail and Investment Banking. Is it hard . Of retail and Investment Banking. Is it hard . Yes of retail and Investment Banking. Is it hard . Yes but if youre doing it right you can make it work. Teslas results were out yesterday. They are selling more cars. It is not making a profit, as you say, but it says it will meet the deadline ofjuly to get the mass market model out there. Thats right. As you say, the magic of musk. If you are an electric car geek you want him to succeed and wa nt to geek you want him to succeed and want to see those products mass market, clearly to date they have been expensive and only for the privileged few. Now you can get the mass market out there, thats the big question. Can he get products out on time and will they work . What ifind phenomenal about out on time and will they work . What i find phenomenal about his company, he keeps seemingly breaking records, the fact it has a market value bigger than ford now. It is a lot of hope over reality. There was a point whereby this is a good buy to the old car makers and hello to the likes of tessalit and others, or is it just the likes of tessalit and others, or is itjust the magic of musk . Tesla. We will delve more deeply into that later and talk about facebook again because we are asking whether it has too much power, all these new users being signed up, record ad revenue. Dev says ive never signed up to facebook, nor do i use it . Does it have too much influence . Yes. Clearly not on your life. I used to wa ke clearly not on your life. I used to wake up with the paper and now i wa ke wake up with the paper and now i wake up with the paper and now i wake up with the paper and now i wake up with twitter and facebook in bed. Keep your comments coming in. Still to come, harnessing the power of 3d printing. We are going to meet the firm revolutionising the way Prosthetic Limbs are made, using that to make them cheaper and easier for the people that need them. Youre with Business Live from bbc news. Pelle another set of disappointing Trading Figures for the housing giant, next in the uk. Like for like sales fell by 3 . It has forced next to lower its expectations. Theo leggett is in our newsroom. How bad is it . Just look at the reaction from investors. Nexts share price has been down around 6. 5 . Although the markets were braced for pretty disappointing results from next, they reported full year earnings down to the first time in eight yea rs down to the first time in eight years back in march and they said there were problems, this was worse than expected, and particularly bad in its high street business. Sales in its high street business. Sales in its high street business were down 8 . So the overall figure was only bumped up by the fact its catalogue and online division, next directory, is actually doing rather well and saw a 3. 3 boost to its sales. 0verall well and saw a 3. 3 boost to its sales. Overall the picture is high street sales sharply down, profits this year expected to be down, guidance for the next quarter not great. Next is doing something wrong. The chief executive has already given an indication of what it has been doing wrong. He said earlier this year things had been getting a bit too racy. It had been investing too much in new and trendy and exciting fight rinds and neglecting the stable items like blouses and shirt is that people have been coming in to get the years so have been coming in to get the years so that is what the problem is. Interesting. Next among the many companies, but not all bad from retail. Morrisons, the live page there on the Business Live page. All of the Business Data that has come through, Morrisons Reporting its sixth consecutive quarter of sales growth. With a rise that came in more than double what analysts were forecasting, particularly prominent in the north of england, we should say, it is my local when i am at home. It has now got its deal to sell groceries through amazon which could be a big boost. Next we have mentioned it is not doing well at all. The oh talk about that. Punch taverns also coming up with disappointing news. Rangel doing very well but Punch Taverns suffering a slowdown with a fall of 1. 296 in suffering a slowdown with a fall of 1. 2 in the First Quarter. Adidas soaring and shell doing well. Youre watching Business Live our top story facebook nears two billion users and profits have jumped to just over 3bn in the First Quarter thats up 76 rise on last year. A quick look at how markets are faring. In europe, facebook shares went down in after hours trade on wall street. Those figures as good as they are worth not enough to counter fears that facebook could be losing momentum in the future. These are the european markets. I have to say, the european markets. I have to say, the good news outweighing the bad. We have mentioned some of the winners and losers already. Shell shares are up some 3 , as our hsbc shares. We will touch on that later. Now the something entirely different. 3d printing is a technology that is in many ways still in its infancy. By building different objects one layer at a time from a range of materials it allows very complex and intricate designs to be made quickly but accurately and it is already changing lives in some pretty dramatic ways. 0pen bionics is a company which hopes to use 3d Printing Technology to reduce the cost of Prosthetic Limbs. The business provides Open Source Code which can be downloaded by anyone for free. This allows amputees to construct their own bionic limbs using a 3d printer. 0pen bionics has teamed up with Movie Companies and other content providers to provide a range of themed prosthetics. Very important to those young users. The companys bionic limbs feature designs from film titles such as frozen, the avengers and even star wars. Samantha payne is the founder of open bionics. Semantic, nice to see you, thanks for coming in. It is a fascinating concept, not least the 3 D Printing Application but what you have put it with. Talk us through how it works first of all. The entire device is Com Pletely First of all. The entire device is completely 3 d and had. We would meet up with a young amputee, or they would go to a clinic, we would ta ke they would go to a clinic, we would take a they would go to a clinic, we would takea 3 d they would go to a clinic, we would take a 3 d scan of their limb and 3d take a 3 d scan of their limb and 3 d print them a completely custom design and have it with them less than a week. At the moment prosthetics take at least three months to make so that is a big reduction in time. They pop the end of theirlimb reduction in time. They pop the end of their limb inside the socket and there are sensors in the arm that allow them to control the device they can move their fingers individually. This type of limb is not available currently the children because they are just too expensive. And of course children are growing fast or they need new limbs very often. Thats right. Advanced bionic hands, multi grip bionic limbs dont exist at all because noppie makes them small enough. We have made these for ten year olds, as you saw previously, and we will go down to children as young as eight. That is a really exciting improvement in the industry. Tell us what this will cost. We are hoping to have it out for less than £5,000. At the moment, bionic limbs were the same functionality you are paying at least £25,000 and it can cost you up to £60,000, so 3d least £25,000 and it can cost you up to £60,000, so 3 d printing has revolutionised that. To state that clearly, this would cost around £5,000, currently an equivalent is £25,000 to £60,000, so for a big buyer like the National Health service, that would have a significant impact. Yes, and they wa nt to significant impact. Yes, and they want to give the best of their patients and they are really enthusiastic about this technology. We have a Product Development contract with them and we are embarking on our first Clinical Trial with them this month, so they will be giving ten of their patients these hands this month. Will be giving ten of their patients these hands this monthlj will be giving ten of their patients these hands this month. Ijust want to explain a little bit for people who are ready sure about the 3 d printing element. You can sort of getan printing element. You can sort of get an idea here, all of this looks grey and polished on the outside and thenit grey and polished on the outside and then it is built up of layer after layer after layer, so you can download the designs throughout online, this open Source Software and then go away and print yourself and then go away and print yourself and that is what is so important here. I suppose it begs the question how do you make money if you are giving it away for free . We are open source, so anyone can giving it away for free . We are open source, so anyone can take our source, so anyone can take our code and programme their own hands or ta ke and programme their own hands or take a basic code and printed out at home. But our financial value comes in the terms of the aesthetic designs. We have partnered with lots of creative companies, tsx and disney have kindly got behind the project and given us royalty free licenses to use them as loved characters. So Young Children who need to use one of these dont feel different or strange going to school perhaps with a prostatic limb, because they have got a pretty cool one from one of their favourite characters . Thats the idea, yes, they feel really powered and just as good as their favourite superhero. You are a technology generalist, you had nothing to do at all, really, you just met someone who had the idea . Yes, my cofounder, joel, was working on a very early stage robotic and three years ago, and he needed some help. It wasnt anywhere near where it is now, and we worked together to get some funding in and build the company, and now we are a fast growing team of 12, in bristol. It isa fast growing team of 12, in bristol. It is a really exciting time for us to stop we are hiring and growing really quickly. It has been brilliant to meet you this morning, samantha. Incredible technology and the things you can do with it now. The reason why she is here today is partly because it is made for. May the 4th be with you. Star wars day, lots of star wars fans around the world getting excited. The Business Live page is where you can stay ahead of all the day was backbreaking business news. We will keep you up to date with all the latest details with insight and analysis from the bbcs team of editors right around the world. We wa nt to editors right around the world. We want to hear from you too. Get involved on the bbc Business Live web page. You can find us on facebook. Business live on tv and online whenever you need to know. As promised, james has returned to talk about some of the stories in the papers. This one in the independent. Actually this one about the Property Market in the guardian, buying a home you get a free car. 0ffers galore, as london Estate Agents struggle to sell. Quite an eye catching story, based on the fa ct eye catching story, based on the fact that Property Prices, prime Property Prices in central london, overi. 5 Property Prices in central london, over 1. 5 million, not selling quickly as they were this time last year. A good example, one developer in muswell hill, at one point £9 million £1. 9 million flat, you getan million £1. 9 million flat, you get an £18,000 car. It probably wouldnt sway you that much was that if it was a tesla, maybe. You are obsessed with tesla or elon musk. 0k, obsessed with tesla or elon musk. Ok, lets move on. Could this be the new sub prime crisis . Ok, lets move on. Could this be the new subprime crisis . May become and some analysts are picking that, 90 of cars in the uk are bought on finance. It is looking at whether people are overextending themselves over these lifetime plans, whereby you buy a car, change it every three yea rs, you buy a car, change it every three years, never you buy a car, change it every three yea rs, never really you buy a car, change it every three years, never really own it. If Interest Rates went up to five or 10 , what would that do to the value of the loan and how much you would have to repay . And that is the reason we have seen have to repay . And that is the reason we have seen such great car sales of late. Nice to see you, good stuff. That is it from us on the show, same time, same place tomorrow we will see you. A lot of fairweather around at the moment but not in the sense of evenhanded. High pressure dominant but look at the range of conditions being offered up. Yesterday, the western side of scotland 20 degrees, if you please. Fully exposed to the Onshore Breeze in the east, particularly in eastern england, eight, nine, 10 degrees or so, particularly in eastern england, eight, nine, 10 degrees orso, a particularly in eastern england, eight, nine, 10 degrees or so, a lot of cloud around, very disappointing when you add in the strength of the wind. For thursday, when you add in the strength of the wind. Forthursday, quite if when you add in the strength of the wind. For thursday, quite if you isobars. The wind on its strongest up isobars. The wind on its strongest up and over the pennines, some of the guests might catch you out, so bear that in the guests might catch you out, so bearthat in mind. The guests might catch you out, so bear that in mind. Still a lot of cloud to be had some of the gusts might catch you out. The chance of a spot of rain from that cloud. Middle pa rt spot of rain from that cloud. Middle part of the afternoon, we will see the risk of some showers breaking out. A wee bit of sunshine across the south west but that chance of a sharper shower. Having had a dull start across wales, the midlands and eastern england, some sunshine getting into the north of this particular region. The rest of northern england, northern ireland, scotland, Hazy Sunshine but sunshine nonetheless was that away from that nagging north easterly breeze out west somewhere in northern ireland, the north west of england, the western side of scotland, 18, 19, 20 distinctly possible. 0vernight where you keep the skies clear, likely to be the northern half of the british isles, it will turn out to be a fairly cool night, especially in the countryside where A Touch Of Frost if you are prone is the stinky possible. 0ff if you are prone is the stinky possible. Off and running into the new day on friday, pretty much like the old days in fact. Still a lot of cloud, less than a chance of a showery burst of rain from all of this. Disappointing fare, whether you have sunshine or you dont in eastern parts, best of the temperatures in the west, best of the sunshine across the northern half of britain. Come the weekend, something of a change, the High Pressure moving away towards iceland will slide an area of low pressure through the channel area, the wind quite strong for a time and the wind quite strong for a time and the chance of some rain, but only really across southern coastal counties of england. Further north, a lot of dry weather, the best of the sunshine in the north west of scotland. Come sunday, that moves away, a lot of dry weather but really rather cloudy, even where you have had the best of the sunshine of late. The top temperature again well into the teens. Hello its thursday its 9am, im victoria derbyshire, welcome to the programme. Frances two president ial hopefuls clash in a heated tv debate over islamic extremism, the economy and whether to leave euro the votes on sunday who will win . Translation mr macron is the candidate of savage globalisation, uberisation, economic uncertainty, social brutality, of every man for himself. Translation you have shown youre not the candidate for a balanced, democratic debate. The question is do the people want your defeatist attitude . Well be speaking to some french people in the next hour. Also today the number of men and boys in england seeking help for eating disorders is rising. Food just frightens me now. I go for days without eating at all. And shes climbing up the rich list