Apple Profits Soar but Shares Sink

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Apple posts record third quarter results, but its shares take a nosedive as investors show concern about the future for iPhone sales and a lack of detail on the performance of the Apple Watch. The approval rating for Brazil's president Dilma Rousseff has plunged to new lows, partly because of a scandal at the state energy company, Petrobras. This week several business executives have been convicted for their part in the bribery, price-fixing and money-laundering scandal - one of them the boss of Odebrecht, Latin America's biggest construction firm, who has ties to several top politicians. As governments strive to meet their carbon reduction targets, wood has emerged at the heart of global energy policy. Old coal-fired power plants are being given a new lease of life and converted to burn wooden pellets, or biomass, instead. But as the world's appetite for biomass grows, there are fears about the impact on precious areas of forest, especially in the United States. Mike Johnson reports. We talk to Paddy Hirsh, from our sister station Marketplace, about how the recent bird flu outbreak in the US is impacting bakeries, and we hear how hackers took total control of a Fiat-Chrysler Jeep Cherokee while it was being driven down the freeway. We are joined throughout the programme by Catherine Yeung, of Fidelity Worldwide Investments, in Hong Kong. (Photo: Apple logo above its Manhattan store. Credit: Reuters)