because the electric car maker has passed some major milestones in the past 2a hours. the firm, headed by elon musk, zoomed passed a market value of one trillion dollars late on monday, making it only the fifth company in history to pass that figure. its shares rose over 12% after tesla agreed to sell 100,000 vehicles to car rentalfirm hertz. the deal is the biggest—ever rental car order for electric vehicles and seen as a further vote of confidence in the greener technology. michelle fleury has more from new york. tesla joins an elite club of companies whose market capitalisation has crossed the trillion dollar mark. think apple, microsoft and google�*s parent company, alphabet. amazon is also up there, the online retailer reached that threshold back in january 2020. 23 years after it became a public company. tesla, well it has done it in just 11 years. it's also the first car—maker to hit that milestone after the company, founded by elon musk, it received its biggest order to date for 100,000 electric rental cars for hertz. now, the order comes more than a year after hertz filed for bankruptcy protection. that was at the height of the pandemic because demand for travel and rental vehicles dropped. from november, hertz customers can expect to be able to rent a tesla model 3 at airports and at other locations in the united states and some european cities. as for tesla, the trillion dollar market milestone is another feather in its cap, it is succeeding at making and producing a product that consumers want. but it is worth remembering that although it has a higher market cap than the next nine largest car makers, tesla's revenue remains small by comparison to say a vw. it is treated by wall street more like a tech country than a car company. let's get more on this, joining me now is janet mui, who's the investment director at brewin dolphin. welcome, at brewin dolphin. good to see you. as we we re welcome, good to see you. as we were just hearing from new york, it has treated tesla on the stock markets more like a tech company but it does have to fulfil this huge order, and while it is a great boost, will they be able to do it?- they be able to do it? good morning- — they be able to do it? good morning- i _ they be able to do it? good morning. i think— they be able to do it? good morning. i think in - they be able to do it? good morning. i think in the - they be able to do it? good. morning. i think in the latest third—quarter earnings result it does suggest tesla is better at handling the supply chain problems. in fact, at handling the supply chain problems. infact, its at handling the supply chain problems. in fact, its sales has written risen significantly. it does seem tesla is able to pass on the higher costs to customers because they can raise prices for their high—end models. the car sales has increased globally, notjust in the us, but in china and this model is a high seller.— a high seller. investor confidence _ a high seller. investor confidence is - a high seller. investor confidence is rising i a high seller. investor confidence is rising in| a high seller. investor- confidence is rising in tesla, our other companies behind when it comes to manufacturing and delivery of electric cars? first of all, tesla is seen as a leader in terms of electric vehicle production and design and also in supply of the electric battery and the whole ecosystem, including the software and all the infrastructure including the electrical vehicle charging point. it is a leader in that field. the news that hertz is buying 100,000 tesla is a big testimony. it is actually buying at almost market price instead usually car rental companies negotiate for a big discount. so it is a vote of confidence for tesla when rental companies like hertz are trying to electrify all its vehicles. it does mean electric vehicles. it does mean electric vehicles are going more mainstream and is ahead of its competitors. mainstream and is ahead of its competitors-— competitors. tesla has seen hu . e competitors. tesla has seen huge growth _ competitors. tesla has seen huge growth in _ competitors. tesla has seen huge growth in china, - competitors. tesla has seen huge growth in china, how l huge growth in china, how important is that market to them? it important is that market to them? , ., , important is that market to them? , . , , . ~' them? it is a very big market. china actually _ them? it is a very big market. china actually is _ them? it is a very big market. china actually is electrifying i china actually is electrifying its vehicles, cars, trucks and its vehicles, cars, trucks and it is high on the government's agenda because it is pushing for its net zero emission policy by 2060. china is seen as one of the leaders in terms of green energy production. tesla is very well positioned in china and the product is highly regarded by chinese consumers.— highly regarded by chinese consumers. . ~ , ., y . consumers. thank you very much for our consumers. thank you very much for your analysis. _ let's take a look at facebook now, which has posted a $9 billion profit for the third quarter. however, the social media giant did see a dip in advertising revenues due to a recent privacy update by apple, which made it more diifcult for brands to target adds to users based on their online search history. the results come amid fresh claims of unethical behaviour made by a former employee, frances haugen, who accuses the firm of putting profits before user safety. 0ur tech reporter james clayton has more from san francisco. in terms of news stories, facebook has had a terrible day. a series of stories have all dropped, based on the same material that the wall streetjournal had got from francis haugen, the facebook whistle—blower. for example, one of them is that facebook simply doesn't moderate its platform very well in lots of other different languages. that's what some of these internal documents state. one of those examples is ethiopia. we already knew that myanmar was a real problem for facebook in 2017 in the run—up to the ethnic cleansing on the rohingya population there. it now appears that there are all lots of other countries that have similar moderation problems. we also now know that facebook simply isn't doing very well with younger people. in fact, it's in freefall in terms of some of its user data. and there is another story that caught my eye, it was a bbc arabic investigation into slavery on instagram. we now know that apple was considering taking facebook off the app store because of those accusations. now we have an internal report from facebook of the ways in which they told apple they would mitigate the problem and apple eventually decided not to take facebook off the app store, but that would have been a huge story. so in terms of news it's been a pretty terrible day for facebook. in terms of its quarterly earnings, however, it's been a pretty good day. it's done better than it expected and the share price has actually gone up. i've seen this, commentating on facebook over and over again, you have a negative story or a series of negative stories, it doesn't really do that much to the share price. worth also saying that mark zuckerberg on that quarterly call, said that facebook was on track to spend $5 billion this year on safety. so facebook are saying a lot of these stories are being misreported and we are doing better than any other social media company to try and tackle these problems. but you've got a real issue here, just as facebook�*s reputation is kind of on the decline, it feels, the share prices doing the exact opposite. for more on this, we are now joined by mike proulx, vp and research director at forrester. thank you for being with us. it does seem teflon—coated, facebook? as james was pointing out, despite controversies, revenue is growing and young people are deserting it but it is still doing well. how is it managing to do that? it is managing _ managing to do that? it is managing to _ managing to do that? it is managing to do _ managing to do that? it is managing to do that - managing to do that? it 3 managing to do that because users continue to engage with the platform, advertisers continue to spend. as we heard from the results yesterday from the earnings call, there are some kinks in that teflon. tell us more about _ some kinks in that teflon. tell us more about them and how they plan on riding those out? fine plan on riding those out? one ofthe plan on riding those out? one of the biggest. _ plan on riding those out? one of the biggest, as _ plan on riding those out? one of the biggest, as we - plan on riding those out? qua: of the biggest, as we heard about, is the effect of apple's att. it is asking users if they want to be tracked by apps and people are saying no. it is not just affecting facebook, it affected snapchat and other apps as well. affected snapchat and other apps as well-— affected snapchat and other apps as well. mark zuckerberg sa s it apps as well. mark zuckerberg says it will _ apps as well. mark zuckerberg says it will be _ apps as well. mark zuckerberg says it will be driven _ apps as well. mark zuckerberg says it will be driven by - apps as well. mark zuckerberg says it will be driven by the . says it will be driven by the met avers he is building, what about that? we met avers he is building, what about that?— met avers he is building, what about that? we will hear more about that? we will hear more about that _ about that? we will hear more about that at _ about that? we will hear more about that at the _ about that? we will hear more about that at the conference . about that? we will hear more | about that at the conference on thursday. they have just released populace and they are pledging $10 billion which is an interconnected set of virtual world. you can have a digital avatar which goes from one well to the other. we have heard a lot _ one well to the other. we have heard a lot in _ one well to the other. we have heard a lot in the _ one well to the other. we have heard a lot in the past - one well to the other. we have heard a lot in the past few- heard a lot in the past few weeks have facebook plans to change its name, but do you think we will get an announcement on what it might be and what impact, if any, do you think it might have? it is rumoured — you think it might have? it is rumoured mark _ you think it might have? it 3 rumoured mark zuckerberg will announce a new name for the parent company on thursday at the connect conference. forrester pulled in hundreds of adults across canada and the uk and 86% of them that a change of the name will not affect facebook�*s reputation and 86% of the mentioned facebook needs to address its core reputation issues before it changes its name. , ., ., name. tell us more about monthly _ name. tell us more about monthly active _ name. tell us more about monthly active users - name. tell us more about monthly active users and | name. tell us more about - monthly active users and daily active users, both closely watched metrics, are they doing well? , , watched metrics, are they doing well? , well? facebook reports they are continuing _ well? facebook reports they are continuing to — well? facebook reports they are continuing to do _ well? facebook reports they are continuing to do ok, _ well? facebook reports they are continuing to do ok, but - well? facebook reports they are continuing to do ok, but mark. continuing to do ok, but mark zuckerberg also warns of stiff competition, especially for younger consumers. he brought out tiktok as a main competitor. well forrester does see ann main drop in instagram, facebook is remaining strong but tiktok is gaining steam. thank you for being with us. australia's crown resorts will keep its melbourne casino licence, despite a state commission calling its conduct as "disgraceful". the victorian commission recommended crown should be given a two—year grace period, after the casino was found to have links to criminal gangs and repeated breaches of money laundering. joining me now is nick marsh from singapore. a big let—off for crown considering what they did? exactly, they have kept this melbourne licence by the skin of their teeth. the sydney one had been suspended. but some of the quotes from ray finkelstein, the author of the report were astonishing. he said the behaviour of crown was illegal, dishonest, unethical, exploitative and he called some of the behaviour so callous, it is hard to imagine it could be engaged in by such a well—known corporation. among other things, they were found to have exploited people with gambling addictions, they allowed some of their chinese customers to transfer tens of millions of dollars to one of crown's hotel subsidiaries, money laundering. they organise vip junkets with links to organised crime and gangs. links to organised crime and ans. , ., , ., links to organised crime and ans. , ., ,., ., gangs. the list goes on. how have they — gangs. the list goes on. how have they managed - gangs. the list goes on. how have they managed to - gangs. the list goes on. how have they managed to keep i gangs. the list goes on. how - have they managed to keep their licence? , ., ., , , licence? the short answer is that they — licence? the short answer is that they are _ licence? the short answer is that they are deemed - licence? the short answer is that they are deemed to - licence? the short answer is that they are deemed to be | that they are deemed to be simply too important to the local victorian economy. they play -- local victorian economy. they play —— employ around 11,500 people and they contribute 1% of revenue. they will be supervised by a government appointed special manager and at the end of the grace period that manager will recommend whether they keep their licence or not. the main stakeholder has been told to sell down his shares from 30% down to 5% or less by 202a. but this has not benefited crown's share price, up benefited crown's share price, up 7.5% today. benefited crown's share price, up 7-5% today-— up 7.5% today. thank you for the update- _ stay with us on bbc news, still to come. vinyl records spin back into fashion, but is there enough production to keep the tunes and the industry spinning? indira gandhi, ruler of the world's largest democracy, died today. 0nly yesterday, she had spoken of dying in the service of her country and said, "i would be proud of it. "every drop of my blood will contribute to the "growth of this nation." after 46 years of unhappiness, these two countries have concluded a chapter of history. no more suspicion, no more fear, no more uncertainty of what each day might bring. booster ignition and lift off. of discovery with a crew of six astronaut heroes and one american legend. - this is beautiful. a milestone in human history. born today, this girl in india is the seven billionth person on the planet. this is bbc world news — the latest headlines... australia remains one of the world's most criticised polluters — but now the government has pledged to reach net zero emissions by 2050. ahead of the cop26 in glasgow, sir david attenborough warns leaders in the developed world to act on climate change now — or it'll be too late. eu energy ministers are holding an emergency meeting in luxembourg today to discuss the energy crunch and escalating prices. spain and france have been calling on brussels to redesign its electricity market rules. but on monday germany, denmark, ireland and six other european countries said they would not support a reform of the eu electricity market. the eu is heavily dependent on imports with 90% of gas being imported — much of it from russia. joining me now is aneeka gupta, who's the director of research wisdomtree. welcome, thank you for being with us. what to expect from today's meeting, will we see any reform? i today's meeting, will we see any reform?— any reform? i think energy clearly has _ any reform? i think energy clearly has been _ any reform? i think energy clearly has been one - any reform? i think energy clearly has been one of. any reform? i think energy| clearly has been one of the most pressing issues for eu members at the current juncture. we expect the eu ministers to essentially focus on identifying its outreach to different suppliers and also speed up work on into connectors. i think that will be a key focus. we have seen eu ministers essentially call on the council to do a lot more as energy prices have shown no sign of abating so far.- sign of abating so far. yes, the nine — sign of abating so far. yes, the nine members - sign of abating so far. yes, the nine members to - sign of abating so far. yes, i the nine members to oppose reform said resilience to price shocks would be strengthened by better interconnections and the 15% electricity interconnection target by 2030, is that the case in your view? absolutely, we have already _ case in your view? absolutely, we have already seen - case in your view? absolutely, we have already seen a - case in your view? absolutely, we have already seen a cent i we have already seen a cent from a few of the members. it is clear there has to be a speed up of work gone into connectors. there might be focus on conservation of energy and also the build—out of more renewable sources of energy to actually allow europe to be less dependence on imports coming in from the us as well as russia. coming in from the us as well as russia-— as russia. what do you think needs to _ as russia. what do you think needs to happen _ as russia. what do you think needs to happen to - as russia. what do you think needs to happen to control. needs to happen to control energy prices in the eu? i think first and foremost we are essentially, europe is essentially, europe is essentially waiting for further supply coming in from the russian region. there will have to be a looker consumption and energy in the european region. if it is unlikely we get that meeting of supply given the rise in demand, the only thing the eu really has in the interim, in the short term, is essentially to get consumers to conserve their power. and that's going to be a bit of a struggle. we have seen in the eu summit there were short—term measures put in place in terms of cutting taxes, subsidies to struggling businesses. but there will have to be a focus also on the way consumption is going to be lead going forward over the winter period.- over the winter period. thank ou ve over the winter period. thank you very much _ over the winter period. thank you very much for _ over the winter period. thank you very much for being - over the winter period. thank you very much for being with | you very much for being with us. ., , let s get some of the day s other news. the white house has outlined new rules for foreign travellers to the us, as flight restrictions lift for the first time since the pandemic began in 2020. the plan to reopen the us border next month to foreign flights includes a requirement that almost all foreign visitors be vaccinated against covid. at least 1.3 million public sector workers in the uk are set to see their wages rise next year after the government confirmed their pay freeze is being lifted. chancellor rishi sunak will use his budget on wednesday to say nurses, teachers and members of the armed forces are among those set to benefit. in the uk, the chancellor, rishi sunak will set out his plans for the country's finances — the tax and spend of the year ahead. we went to the town of burnley in lancashire to ask residents what they wanted to see in the budget. stop the rising of taxes, really — that would be ideal, and also national insurance. because wages aren't getting any better, we're all struggling, aren't we? everything's going up, not just gas and electric, i think also taxi fares have gone up a lot, products in the shop for the people and how is this going to affect the old people who have the less money to spend? it's my belief that the - chancellor needs to reinstate the £20 a week uplift of universal credit. . the cost of living is now astronomically high, - we need that £20 a week uplift to keep up with— the cost of living. it's been like being repeatedly punched in the face over 18 months, is what it's been like. because you get somewhere and then you are going down again. people are struggling, not everybody, but a lot of people are. we know the cost of living is going to go through the roof. how he could help, is at least keep things as they are for now and maintain the level of income support stuff for people. at least for a year until we get over this crisis a bit more and give business and people a chance to breathe. now let's talk about vinyl records, because they are the music industry's most profitable physical format but getting them manufactured is becoming an increasing challenge. pressing plants can't keep up with the unprecedented demand. over one million vinyl records were sold in the uk in the first three months of 2021, according to the official charts company. the british phonographic industry forecasts that this year music companies will earn more from vinyls than cds for the first time since 1987. joining me now is michal serba, ceo of g2 media, which is the world largest vinyl pressing plant. welcome, thank you for being with us. why are there shortages?— with us. why are there shortaues? ., ~ , shortages? good morning. as mentioned — shortages? good morning. as mentioned before, _ shortages? good morning. as mentioned before, the - shortages? good morning. as. mentioned before, the demand for vinyl records is growing extremely. and pressing plants cannot keep up with the demand or growth. most of the plants are increasing their capacity and it's still not enough. what are the issues? _ and it's still not enough. what are the issues? is _ and it's still not enough. what are the issues? is it _ and it's still not enough. what are the issues? is it a - and it's still not enough. what are the issues? is it a lack- and it's still not enough. what are the issues? is it a lack of. are the issues? is it a lack of elements needed to make the records, or is itjust capacity? records, or is it 'ust capacrmfl records, or is it 'ust capacity? records, or is it 'ust caaci ? ., ., , capacity? the demand for vinyl records is _ capacity? the demand for vinyl records is growing _ capacity? the demand for vinyl records is growing so - capacity? the demand for vinyl records is growing so fast - capacity? the demand for vinyl records is growing so fast and l records is growing so fast and the response time, having to build up the capacity is much slower. so basically plants cannot keep up with the growth thatis cannot keep up with the growth that is going on right now, partly due to covid—19, partly due to other reasons. i5 partly due to covid-19, partly due to other reasons.- due to other reasons. is this big increase _ due to other reasons. is this big increase in _ due to other reasons. is this big increase in demand - due to other reasons. is this. big increase in demand taking you by surprise? it is big increase in demand taking you by surprise?— you by surprise? it is partly by surprise. _ you by surprise? it is partly by surprise, yes. _ you by surprise? it is partly by surprise, yes. i - you by surprise? it is partly by surprise, yes. i would i you by surprise? it is partly. by surprise, yes. i would say nobody would expect the increase in demand. what is going on in the last 18 to 2a months is unpredictable. going on in the last 18 to 24 months is unpredictable. what do ou months is unpredictable. what do you think — months is unpredictable. what do you think is _ months is unpredictable. what do you think is behind - months is unpredictable. what do you think is behind it? - months is unpredictable. what do you think is behind it? you mention covid, is it because more people are at home? is it because younger people are discovering it for the first time? , , ., , ., time? yes, this would be more for proper— time? yes, this would be more for proper research _ time? yes, this would be more for proper research to - time? yes, this would be more for proper research to be - time? yes, this would be more for proper research to be done| for proper research to be done on that, but also covid is an escalator for that as well. people used to spend their music budget on concerts, clubs and other kind of entertainment. they try to enjoy their music in a different way and vinyl records is a great opportunity and plenty of new first—time users appeared and brought different artists as well.— artists as well. how long have ou artists as well. how long have you been _ artists as well. how long have you been doing _ artists as well. how long have you been doing this? - artists as well. how long have you been doing this? you - artists as well. how long have i you been doing this? you mean -aressin you been doing this? you mean pressing vinyl? _ you been doing this? you mean pressing vinyl? yes, _ you been doing this? you mean pressing vinyl? yes, is - you been doing this? you mean pressing vinyl? yes, is it - pressing vinyl? yes, is it something _ pressing vinyl? yes, is it something you _ pressing vinyl? yes, is it something you have - pressing vinyl? yes, is it| something you have done pressing vinyl? yes, is it - something you have done for a long time and then all of a sudden seen this huge growth? we have been doing it since 1971. you must have seen the market go up and down significantly? yes, from vinyl records only, to the mid 90s when the format almost disappeared and there we are back and we represent 70% of the revenue for a company. mr; the revenue for a company. my vin l the revenue for a company. my vinyl records from the 80s have been dug out. i had to buy a new record player, how much joy is there from seeing people find their vinyl again and by more vinyl? it find their vinyl again and by more vinyl?— find their vinyl again and by more vinyl? it is a beautiful product- — more vinyl? it is a beautiful product. you _ more vinyl? it is a beautiful product. you touch - more vinyl? it is a beautiful product. you touch it - more vinyl? it is a beautiful product. you touch it in - more vinyl? it is a beautiful| product. you touch it in your hands and it brings emotions and that is what it is all about. i would and that is what it is all about. iwould recommend everybody to try it if you have never tried it.— everybody to try it if you have never tried it. there's nothing like getting — never tried it. there's nothing like getting a _ never tried it. there's nothing like getting a record - never tried it. there's nothing like getting a record player. like getting a record player out and putting a record on it. thank you for being with us. let's see how the asian markets are faring today... asian stocks inched higher as upbeat wall street earnings lifted the broadereconomic outlook though fresh worries about china's propertysector hit hong kong and mainland markets. you can reach me on twitter — i'm @ samantha tv news. hello there. after a day of sunshine and showers on monday the weather on tuesday is going to look very different, and here's why — this cloud here in the atlantic is pushing in from the west and that's bringing with it some outbreaks of rain. ahead of that though with some clearer skies it'll be a bit cooler across eastern scotland and eastern parts of england but out to the west it's milder to start the day with this rain around with some quite heavy rain too. that rain shouldn't last too long in northern ireland. hello there. after a day of sunshine and showers on monday the weather on tuesday is going to look very different, and here's why — this cloud here in the atlantic is pushing in from the west and that's bringing with it some outbreaks of rain. ahead of that though with some clearer skies it'll be a bit cooler across eastern scotland and eastern parts of england but out to the west it's milder to start the day with this rain around with some quite heavy rain too. that rain shouldn't last too long in northern ireland. we will see a spell of rain pushing eastwards through the morning across scotland and northern england but the rain further south tends to become light and patchy and most of that rain will have cleared in the afternoon, leaving some drizzle around some western hills but to the east of high ground perhaps some sunshine. many places becoming dry in the afternoon, strong south—westerly winds — very mild day — temperatures 16, 17 degrees. a bit warmer than it was on monday for the northern half of the uk. but there's still some rain in the far north—west, that's on that front there. that is going to move its way southwards overnight and into wednesday. it's going to hang around across different parts of the uk during the day. all the while though, we are pulling in air from a long way south which is quite so mild for late october. but there is some rain around which is going to be quite heavy over some of the hills. that rain mainly affecting north wales, north—west england. could push back into parts of northern ireland and more especially into southern scotland. to the north—west there will be some sunshine for a while and some showers and to the south of our rain band, it should be brightening up, a little bit of sunshine coming through, still quite windy but very mild — temperatures getting up to 18 celsius. now looking at the rainfall accumulation during wednesday and thursday i want to highlight the areas that will see the heaviest of the rain. this is the bright colours here and it looks like it's going to be particularly wet in the southern uplands, but also into cumbria and that could lead to some flooding. because that rain is still around on thursday. it may turn a bit drier across north—western parts of scotland and also northern ireland as the rainjust pivots more into england and wales. but through the midlands and much of eastern england it's likely to still be dry and with a bit of sunshine, those temperatures again reaching 18 celsius. so a lot going on over the next few days or so, it's going to be quite windy and the winds will be from the south—west, which is why it's going to be so mild. but as we've seen there will be some rain around, mainly for the western side of the uk and that will be heavy in the hills. good morning, welcome to breakfast with dan walker and sally nugent. 0ur headlines today. the year—long public sector pay freeze is to end. the chancellor says it will mean millions of workers should get a rise next year. a pay rise for some in the private sector. the national living wage goes up to £9 50 per hour if you are over 23. goes up to £9 50 per hour if you are over23. many goes up to £9 50 per hour if you are over 23. many businesses say they just cannot afford it. the metropolitan police is to apologise to the family of two murdered sisters for failings in the way they responded when they were reported missing.