Drop in profits. Bp now down 1 on lower profits despite producing more oil than it did last year. We will talk you through its latest numbers. Also in the programme. Boris johnson will today try for a fourth time to secure an early general election, after mps rejected his plan. And fashions big hang up. Plastic coat hangers have been likened to the plastic straw of the fashion industry. We will hear from one we will hearfrom one man we will hear from one man with designs to switch it to a sustainable alternative. Well get the inside track on tackling unmanageable workloads and long hours. Well talk to the co founder ofa hours. Well talk to the co founder of a firm looking to change the way we work. Also today, we want to know do you have a cold . Most of us get between one and three a year. New Research Suggests what you do in the 24 Research Suggests what you do in the 2a hours is critical. What are your tips . Use our hashtag. Ive already had one cold this winter and hopefully i wont get another one but we will see. Send in your tips. We look forward to hearing all about them. Lets start with whats in the pipeline for big oil. The world begins efforts to wea n oil. The world begins efforts to wean itself off fossil fuels. We just heard from bp, reporting a 40 drop in profits due to weaker crude prices and lower production. It still made 2. 3 billion in the three months to september. Public opinion is arguably turning against the sector the Royal Shakespeare company is ending its partnership with bp at the end of the year saying it could not ignore the strength of feeling against the deal. Meanwhile in the us, exxonmobil is in court fighting a claim that it misleading investors about the potential costs of climate regulation to its business. A lot more pressure of course on big oilfrom a lot more pressure of course on big oil from activists, investors who wa nt to oil from activists, investors who want to see change. Joining us is bruce duguid head of stewardship of hermes investment. What do you make of those figures . Yes, bps figures are a little lower than the equivalent last year. Suffering from a lower old price and also some disruption to disruption through the Hurricane Season but actually a little ahead of what a nalysts actually a little ahead of what analysts were expecting for this quarter, so overall, not a lot thats going to change the picture. Its invested billions in terms of shale in the last year or so. Its also diversifying into greener technologies, as well. Is it putting enough into that and what is your position in that field . This is a critical question for a company in the future. Its a question that investors have been asking of the company. There was a Shareholder Resolution at the annual general meeting in may. They asked the company to demonstrate how its consistent with the goals of the paris agreement. That involves giving that narrative on how significant the investment will be in low Carbon Technologies and also how they manage their Capital Expenditure and the vast majority of the current business, the oil and gas business. It will still be under pressure, bp, to make these vast profits that investors are used to year on year profits that investors are used to yearon yearon, profits that investors are used to year on year on, so profits that investors are used to year on year on, so the question is how will they pull that off and pivot towards a greener company . Bernard looney is taking over in the new year as chief executive. What we know about his plans for bp . Youre absolutely right, this is the big question for investors and its important we play our role in stewards of the Company Supporting a long term transition of the company to the low Carbon Technologies of the future. Bernard looney is part of bp Management Team at the moment. He understands the position of investors and supported that Shareholder Resolution. And he will understand deeply the challenges of the business, where they have the most advantage assets, which are good for the longer term, and where they need to be careful of their capital deployment. But, quickly, you talk about the fact you have a role in trying to steer these companies into more responsible investment in the future, about come at the end of the day, there is huge demand for oil on the world market and there will be four years to come and there will be four years to come and bp and others have a responsibility to supply. Thats right. At the moment there is a huge demand still for oil and gas. Gas is a transition fuel for the future as relatively low carbon, but there will be a peak in oil demand at some point, probably in the 20 20s. That turning point is a critical thing for companies to manage and not to over invest and then find themselves caught out with a low oil price which means lower returns ultimately for investors. Also we want to make sure these Companies Pay their part in delivering the transition and delivering a more Sustainable World for us all to live in. You see that in places like saudi arabia without vision. Bruce, thank you very much indeed. Lets take a look at some of the other stories making the news. Google is facing court action in australia over allegations that it has misled consumers about the personal location data it collects and uses. The australian competition and Consumer Commission says the companys instructions on how to stop information being collected were misleading. And speaking of google spending big shares in fitness device maker fitbit were suspended on monday after reuters reported that the tech giant had bid to buy the firm. The move would enable google to produce its own smartwatches. It already develops a version of android for wearables. Plant based meat maker beyond meat has reported its first ever profit. The us firm, which counts Leonardo Dicaprio among its investors, made 4. 1 million in the third quarter. The Company Creates substitutes for meat by using ingredients like from peas and fava beans. Boris johnson will today make his fourth attempt to trigger an early general election, after trying to win opposition support by pledging not to push through his brexit withdrawal deal. 0ur policial correspondent chris masonjoins us now from westminster. Chris, how will he do it today . Here we go again, as you say. What is different this time . This time its a simple bill, so its a bill which requires a simple majority, 50 of members of parliament plus one. Whereas last night, they were using the existing framework for getting a general election, the fixed term parliaments act, which requires a super majority. And the government failed. What else has changed is the government has promised that it is parking its proposed brexit deal with the European Union until after the general election. That allows those parties who are very sceptical about brexit and frankly would like to cancel it, the likes of the Scottish National party and the liberal democrats, to go into a general election campaigning to do exactly that, as opposed to making an argument whose moment has passed, because brexit is already in train. For that reason, we are closer to a general election before christmas this morning than we have ever been but that doesnt necessarily mean its going to happen. 0k, chris, with the latest, thanks very much. Chris and the team have a very busy few days ahead of them. Thats an understatement, isnt it . Lets look at the markets. Asian markets had a mixed picture today. A record close on the sp 500 the night before. What Global Markets are focused on three things. First of all, President Trump putting out there that he is seeing progress in the trade talks between the usa and china. Perhaps phase one of those talks will be nailed down very soon which boosted sentiment. Also all the stories we are getting from companies globally, in many cases better than expected news, and the Federal Reserve meeting on wednesday, the expectation is they may cut rates again. Lets look at whats happening in europe. I mentioned movers in london. Bp shares down by over i . Bp has a big waiting on the ftse 100 over 1 . Bp has a big waiting on the ftse 100 so when over 1 . Bp has a big waiting on the ftse100 so when it moves, it tends to tilt the ftse as you can see and across europe, the main market is lower but they were all up at the close of trade on monday. Now to the us, where the chief executive of the worlds biggest plane maker, boeing, is set to face tough questions from lawmakers today following the two fatal plane crashes involving its 737 max jets. Samira hussain is following the story from new york. This is the first time us lawmakers will be able to ask questions of boeings ceo Dennis Mullenburg since the two deadly clashes that led to the grounding of the entire boeing 737 max fleet. Last week, officials in indonesia released a report on the lion air crash that killed 157 people and the report said it was the result of a series of failures, including a design flaw in the plane itself. Earlier this month, it was revealed that boeing employees had exchanged messages about issues with the plane as it was being certified back in 2016. Now, in a prepared opening statement, mr mullenburg acknowledged that boeing made mistakes and got some things wrong. Time now for our daily look at some of the newspaper and website stories which have caught our eye. Joining us is miatta fahnbulleh, chief executive of the new economics foundation. Welcome to the programme for of lets start with a story in the guardian of the uk treasury on calls to succeed this years deficit target by £16 billion. I wasnt surprised to read that headline. Tell us more. Absolutely, we were supposed to have a budget which has now been cancelled and normally with a budget we get the office for budget responsibilitys health check of the economy, so responsibilitys health check of the economy, so that hasnt happened, but interestingly, the foundation has done some analysis, im sure the government is about to completely blow its target, partly driven by the fact the economy slowed down, so tax receipts are less, but also the fa ct we tax receipts are less, but also the fact we had the spending commitments from the chancellor, the Prime Minister over the summer and into the autumn, and the thing i find really fascinating is, you know, its the end of austerity. Austerity dominated our economics and politics for about ten years, and it suddenly come to an end. With so little fa nfa re, come to an end. With so little fanfare, so little discussion, despite the fact its had huge impact on Public Services which are on their knees, and also the Economic Cost of it. And the fiscal rules, as outlined by previous chancellors, what has to them . We are meant to be locked into them. 2 of gdp. They have been blown. Theyve gone. The government is going to have to review its fiscal rule and for me them are really important question for them is to learn from the last ten years. The work we have done suggests that actually the economy is now small as actually the economy is now small as a consequence of austerity. £100 billion a smaller last year, so when you think about the big challenges which face us, that reforms we need in the economy but things like climate change, they really gotta think about the role of public spending has in that and the rules responsive to that. When it comes to balancing the books and how much we are overspending, how much money is coming and going out, in the short term, do you think its necessary that perhaps we do overspend a bit because the uk economy needs it . And therefore, we manage that later . In a healthy Economic Cycle . Yeah, also governments have always borrowed for thats what governments do. They have a Balance Sheet to do that so is it sustainable . When you look at interest rates, the is a record low. If ever there was a time to invest, to know. It is spend now. The logic of borrowing is that for things like responding to climate change, it affects multiple generations, so we borrow now, spread the cost among multiple generations. The male has an article about how to stop a cold default an article about how to stop a cold d efa u lt of an article about how to stop a cold default of the first two hours do this and then do that, etc. Loads of different ideas and strategies. Its costly in the workplace. Absolutely. I love this article, as someone who has just recovered from a cold, weve all been there. Men dont get colds, we get the flu. Laughter not a sniffle. We dont have time for that. There is a huge Economic Costs to this so its strange there isnt actually a cure for the common cold given that when we have the cold given that when we have the cold people not only have to take time off work, but. Not necessarily. I work through mine. But your productivity tends to be lower. And then people complain if you come in with colds and flu. Pa rents you come in with colds and flu. Pa re nts ta ke you come in with colds and flu. Parents take time off when kids are thick. The Economic Impact of it, there was an interesting study done in the usa which put it in the billions, so its strange that we still dont have a cure for this thing. In this article it has lots of ideas. Chicken soup. Honey and lemon. Face over a bowl, steam. It never works. I think it does. Its a great debate. Lots more to come on how to improve Workplace Culture and challenge unmanageable workloads and long hours. Also well be talking to someone long hours. Also well be talking to someone who is looking to change the way we work. How many long hours do you do . Youre with worklife from bbc news. They used to say in the uk we have two sessions, house prices and weather. Lets look at the latest survey from nationwide which tells us survey from nationwide which tells us prices in the uk are barely moving. Annual house price growth remained subdued in october, according to the nationwide building society. Lets find out more from Andrew Harvey who is a senior economist at nationwide. Subduedin subdued in some areas of the country but falling quite significantly in others. What is the regional variation here . Good morning, yes, this mornings figures, the uk, 0ctober, weve seen a continued subdued picture with house prices at 0. 4 over the year. As you mentioned, there are some regional variation. What we saw in the last quarterly release was prices in london and the south east were relatively modest, whereas elsewhere quite small price rises but i think that generally reflects what has been happening over recent years in terms of areas such as london and the south east actually seeing an over performance over the longer term but now as affordability pressures bite more we see more of a slowing down there. More nationally, i think the picture is very much subdued at the moment. 11 months of house price growth below 1 . Tell us more about the reasons why. Why is the Housing Market so staggered right now . One of the reasons is the continuing economic and certain and uncertainty around brexit and also the more general economic picture has become a little bit softer in particular in Business Investment slowing. At the same time, on the Labour Market side of things, the conditions have been just Labour Market side of things, the conditions have beenjust turning Labour Market side of things, the conditions have been just turning a little bit perhaps in august in the number ofjobs, little bit perhaps in august in the number of jobs, people taking employment, but Employment Conditions are still relatively healthy. Unemployment is still near a healthy. Unemployment is still near 3110 healthy. Unemployment is still near a a0 year low and that providing support and come at the same time, we have seen real wage growth picking up after taking account of inflation which is, of course, relatively low and stable. Andrew harvey, with the latest from nationwide, thank you very much indeed. I want to highlight a story on the business pages on bbc online. Can pre loved clothes make fast fashion sustainable . Its a feature about young people, how they buy clothes and wear them once but then sell them on and how this is a more Sustainable Way to shop. Youre watching worklife. A reminder of our top story bp has released its latest numbers, profits falling a little, but they did come in better than expected. The oil giant had to grapple with big oil prices, lower production, and trying to get a new greener future. Youre watching worklife. Not so long ago, the workplace was a battle ground, where unequal gender pay and bullying were the norm. Well, businesses adopting zero tolerance to these practices in recent years has led to a change, except where it has not. Well, our next guest Maggie Brereton decided to set up her own company to challenge this bruising Work Environment after leaving her old job over bullying concerns. Her uk based firm, eos deal advisory, aims to promote a culture of inclusion and diversity. It all sounds exactly forward thinking, but how exactly are you doing that . A number of things. Deals traditionally have been a very macho culture but we try to do everything at the same time, soi to do everything at the same time, so i think having a more senior team with more focus, which is what you needin with more focus, which is what you need in deals to know if they should be falling over early or later, is what you need. Technology is certainly something which has not been introduced as much as it could been introduced as much as it could be to make us more efficient, more effective. Utilising all that big data out there. I would also say there is lot less time wasted with internal politics. Tell us about how you, setting up this organisation, is disrupting deal making and what you mean by deals because there was around the world might be thinking what is she talking about when she says deals . We hear about deal making all the im coming from President Trump. We want the best deal, the right deal. What do you mean by that . The sort of deals i help my clients with our buying and selling a company, part of a company, so let me give you an example. What we do is, when you buy a house, you employ a surveyor and i am like the surveyor. I go around, look at the company, see whats good, see whats not so good, and then my co founder helps you integrate that company. But when you are actually doing the deal, sometimes you need that bit of book on the ship. Youve got 20 is behind you of doing serious multi Million Pound dollar deals. You need that sometimes, that element of surprise, and wearing somebody out until they say, ok, lets do it now. Yes, you do. Deals are tough and often very intense, and they are a negotiation, but that does not mean that they need to be just long but that does not mean that they need to bejust long hours, overtime, continuously. You accept that there will have to be times when you do have to put in their work . I absolutely do and thats fine, is part of the word, part of our skill, but what i am opposed to is just this continuous long hours, expectation of the 80 hour, 100 hour weeks, i have seen people do time and time again. Because of that mindset that this is what this is like, if you want to work in this industry and career, it puts a lot of very skilled and talented people off even entering, doesnt it . Of very skilled and talented people off even entering, doesnt mm really does and in my 20 years ive seen so really does and in my 20 years ive seen so much wasted talent. People, for whatever reason, because of their work life, home life, they have got caring duties, young children, they cant participate in that, but they have the skills and the ability. How much of this is to do with a post crash, for example, in the Banking Sector . More people have more responsibility. The headcount is reduced, but theyjust have to do more. We didnt see it quite so much within the accountancy profession and in the deal profession and in the deal profession although there is no doubt profits are under extraordinary pressure and that needs people to work even harder. But actually, the crisis, the uncertainty actually creates more work. Its not a case that that suppressed our market. You thought there needs to be disruption in this area for many years, in the sector, and youve worked for Big Companies in the past. What you think they make of what you are doing now . |j think make of what you are doing now . think they know there is disruption coming. We had 20 years of doing deals pretty much the same way and we have a stat that the majority of deals dont create value. We know something has to change and thats what he absolutely had to dry. I suspect they are a little bit worried. Good to have you on the programme. At i think when im doing a deal im going to hire maggie. Yes, no messing. All right. In a moment well run through some emails. 0n how to stop a cold, man flu, whatever you want to call it. The flu. But first, weve all heard about the crackdown on plastic bags, Plastic Straws and coffee cups could hangers be next . Welcome to my dressing room. 0ne design has been telling ben thompson about all his hopes to change all of that. 0ur symbolic item is our little dirty secret we all have in common is that thing. I wanted to find, in the fashion industry, what could be the item that is the equivalent of the straw in the restaurants . Every time we produce a garment in the factory, it has to be hanged. A beautiful garment has to be hanged on a hanger and has to be carried by van to the store. In that travel, we use single use plastic hangers that we throw away straightaway after. And they are all in polystyrene. Polystyrene is not recyclable. It goes directly to landfill. Thats unacceptable. This is made of 80 marine plastic, so plastic thats floating in the oceans, and 20 from a recyclable plastic. Explain why this might be the answer. Its fully sustainable. The strength is strong. I think its stronger than a normal hanger. The colour, the grade, which is the normal colour of marine plastic, blue of the hook and the logo on the back of it that its a sustainable hanger, but the moment you break it, its completely recyclable. So there you have it, another sustainable idea that we could hang our hats on. Certainly not the plastic ones. At the beginning of the show we ask do your tips for dealing with the common cold and flu. So lets have a look at what you have suggested. Sue llewellyn says echinacea and vitamins c and also a good curry full of garlic and ginger. What about tumour . It is not supposed to be good . Chilly, as well, i think. Supposed to be good . Chilly, as well, ithink. Flesh supposed to be good . Chilly, as well, i think. Flesh out your system. Sandra says that steam over a basin with hot water with tea tree oil and alba soil. Ive never heard of that. Where have you been . Honestly. Tim is clueless about this. Brian says eat healthily, salad, muesli, fruit. A brisk walk, 30 minutes a day. Get a dog, multivitamins. Each night before bed. Hydration, loads of water. Those are our tips. Sally also says steaming a basin with a towel over your head. 0ne steaming a basin with a towel over your head. One of our colleagues, who is based in singapore, she sent mea who is based in singapore, she sent me a net teapot. Its a funny teapot thing and you put liquids inside and then you pour it up one nostril and it comes out of the other. 0ver then you pour it up one nostril and it comes out of the other. Over the sink. It clears out your sinuses. I was blocked upon a four months and she sent me something from singapore. Thats it from us. See you soon. Good morning. Weve got some clouds and rain across the south and south west of england keeping temperatures up this morning. Elsewhere, though, a cold and frosty start. Hats and gloves will be needed this morning but its going to be another mostly dry and sunny day for most of us because of High Pressure is in charge of the weather for most of us. Its this weather for most of us. Its this weather system across the far south which is bringing the cloud and some outbreaks of rain and that will continue throughout this morning. New consumer satellite there, further north, clear skies and thats why its been so cold and frosty. Throughout the day, fairly similarto frosty. Throughout the day, fairly similar to yesterday. There will be the cloud, patchy rain in the south west, showers to come across a south east of england, may be some showers around North Eastern parts of england, and the north east of scotla nd of england, and the north east of scotland but for most, though, the emphasis is on another sunny day and temperature is about 9 12. Through tonight, not a great deal of change again. Its across the southern areas where we will keep the cloud and patchy rain, a few showers coming in across eastern areas, but the cloud in the south acts like a blanket, really. Itll keep temperatures above freezing. 8 12. Where youve got the clearer skies, thats where it will be coldest, particular for scotland, thats where it will be coldest, particularfor scotland, Northern England and here again a frost. That area of pressure is quite stubborn. It will stick around on wednesday across northern and eastern areas and weather systems trying to push their way in. Once again, that will bring some cloud and rain across the far south and the south west of england and may be South West Wales too. Further north and east, though, itll be dry, sunny again, a frosty start in northern parts with temperatures about 8 10. 13 in the south west. A sign of milder air pushing on. During thursday, we will see this weather system finally starting to make some inroads across the uk. It will be slow moving, but will bring some rain across many parts during thursday, but also, some milder air. I parts during thursday, but also, some milderair. I mention parts during thursday, but also, some milder air. I mention that early on in the south west and that will push north eastward so taking the blues away bringing temperatures up the blues away bringing temperatures upa bit the blues away bringing temperatures up a bit through the end of the week. There will be a lot more cloud around on thursday and friday and with that outbreaks of rain, as well, so enjoy the nice dry sunny but cold days and make the most of them over the next couple of days. Abide by. Abide by. Youre watching bbc news at nine with me, annita mcveigh. The headlines a damning report into the Grenfell Tower disaster london fire brigades response is described as wholly inadequate and lives could have been saved if the building had been evacuated sooner. The london fire brigade, clearly, the people running the london fire brigade, need to learn lessons and apply the lessons of this fire and previous fire. Boris johnson will try again today to win support for a december general election despite mps rejecting his plan yesterday. Security minister Brandon Lewis says the government will push ahead with trying to win over opposition. I hope that Opposition Party members themselves would also want to trust themselves would also want to trust the public, that the public have a say. They seem determined