Fiat chrysler and the french owner of peugeot confirm a tie up, as carmakers grapple with the shift to electric. And the veteran wine collector who bricked up his Swimming Pool to convert it to a wine cellar. Well get his top vintage tips. On halloween, what better to do with your pumpkin carving cut offs than turn them into beer . Well get the inside track on brewing up a business from food waste. Today we want to know where you stand on Mark Zuckerberg versus jack dorsey . Do you think political ads should be banned from platforms such as facebook and twitter . Let us know just use the hashtag bbcworklife. Good to have you with us. We begin with the rejection by facebook founder Mark Zuckerberg of calls to follow twitter and introduce a worldwide ban on paid for political advertising. He said it wasnt right for private companies to censor politicians or the news. The move came as the social media giant delivered its latest results. Facebook made revenues of more than 17. 5 billion betweenjuly and september up 28 on the same period last year. 6 billion of that was profit. The company says more than 2. 8 billion people use at least one of its services facebook, instagram, whatsapp, or messenger every month. Well over 2 billion use one every day. Those figures are just extraordinary. With us now is raoul lumb, a solicitor expert in technology at legalfirm Simons Muirhead burton. Over1. 5 over 1. 5 billion people logging on to facebook each day. Is there any sign that people are being put off by privacy concerns . Very little. A lot of noise, lot of action from the general public it is it is fair to say. The pressure, we see it growing for social Media Companies to keep regulating. Do users care or is it the politicians on capitol hill . M will be interesting to see the idea of regulating and breaking up Tech Companies has featured largely in the democratic primary in the us, which is the first time its got any real traction with the general public. It is interesting because today or overnight, jack dorsey, releasing his tweet, making his big moment, the boss of twitter to say we will not have political ads on oui we will not have political ads on our platform. Just before facebooks results were out, timing is everything. Give us your take on the facebook stance on this. Is it brave 01 facebook stance on this. Is it brave or is it to me it was one hand you might say it is a bold thing to do cut political speech, fake news, hate speech, manipulation of elections and that kind of thing, on the other hand you could say that it isa the other hand you could say that it is a remarkable step from twitter, the company that called itself the free speech wing of the Free Speech Party once upon a time. If it is not the companies themselves that say that they will ban political advertising like twitter has just done . The obvious step regulators can do is to put proactive pressure on Tech Companies to look at the material on their platforms and do something about it before someone complains. That will require major change in the eu or in america, in both jurisdictions there is law that says regulators cant do that, but it is the only real major weapon left. From a facebook perspective it has paid a 5 billion fine for breach of security in the us to us authorities. More fines of this nature could come its way, if it doesnt get a grip on some of the information on this platform. Doesnt get a grip on some of the information on this platformm could and it didnt. All of the fines you are seeing of these big tech regulators are for breach of competition law or user privacy. What there isnt yet in the states 01 what there isnt yet in the states or in the eu is any kind of regulation that would fine facebook 01 regulation that would fine facebook or twitter for the kind of information that appears on the platform. Do you think any of this is going tojeopardise platform. Do you think any of this is going to jeopardise the service from social Media Companies . Almost certainly not. People thought that gd pr would put a dent in big tech, but just talking about gd pr would put a dent in big tech, butjust talking about revenue a few moments ago, it is showing no signs of slowing down. Thank you very much indeed. Many of you have been in touch about this. Facebook, twitter and what they are up to. We will look at your comments later. Fiat chrysler and peugeot owner psa said on thursday they would joinforces through a 50 50 share swap to create the worlds fourth largest automaker. Manufacturers are grappling with a global downturn in demand, and investing in the switch to electric and autonomous vehicles. The chairman of mca will chair the combined group whilst the peugeot chief exec will be the new chief executive. This story confirmed in the last hour. We will have more detail on that on our business page and analysis on what that means for the global car industry. Lets take a look at some of the other stories making the news. Apple says profits fell 3 in the past quarter to 13. 7 billion. It has been hit by a steep fall in revenue from iphones which still make up half its sales. Apple is trying to refocus on Wearable Technology such as airpod earphones and watches as well as Services Like apple pay and the forthcoming streaming Service Apple tv plus. If you are downing a triple cappuccino or a skinny latte. Starbucks says global sales were up 7 in the past quarter, boosted by digital ordering and delivery in china as well as new stores in the us, and demand for new cold drinks including iced tea and coffee. They have seen an increase in demand for those. It has been trying to revitalise its businesss in the face of competition from independent coffee shops and start up rivals. Us Authorities Say they have struck a deal with financierjho low to recover 700 million in assets tied to the multi billion dollar 1mdb corruption scandal. Mr low is a central figure in the global scandal which saw billions of dollars go missing from the malaysian state fund. The fund was designed to boost malaysias economy through strategic investments. Something we have covered extensively on bbc news is the ongoing protests in hong kong. They may have helped push the city into recession. The latest gdp figures show that the economy has our Asia Business correspondent Karishma Vaswani is in singapore. What effect is it having . These numbers were widely signalled by the administration in hong kong. Earlier in the week we heard from carrie lam who pointed out the data would be pretty gloomy. Thats what weve seen and the figures that have come out in the last few minutes. The hong kong economy is highly dependent on china. But after five months of political protest that you we re months of political protest that you were talking about, that has led to things like retailer shutting shops, hoteliers facing low occupancy rates, and tourists, many of them from the mainland, shunning hong kong. Also images of increasingly violent clashes on some occasions between protesters and police have also led to a drop in visitor numbers, which are expected to plunge nearly 50 in october compared to last year. All of that along with the slower trade volumes because of the us china trade war is really putting hong kong under increasing pressure. An interesting story, it has been widely signalled that that is the situation in hong kong at the moment. It did nothing in terms of the markets in hong kong. You can see them up by almost 196 kong. You can see them up by almost 1 at the end of the trading session earlier today. From the point of view of asian trade the markets were focused on the Us Federal Reserve decision to cut interest rates. That gave gave Global Markets a boost. American markets closing at record highs the night before. Lets look at europe now. The psa group shares are down in paris, down some 9 behind me here, on the cac. From the news that Fiat Chrysler and peugot will be teaming up. Fiat chrysler shares are up 10 . You can see how markets and investors are viewing this tie up, who are the winners and losers, they think Fiat Chrysler is getting a lot more from that tie up than perhaps psa group. Interesting to see that reaction. Back to you, sally. Now to the us, where this halloween season is set to see a rise in costumes spending thanks to social media. Shoppers are expected to shell out around 8. 8 billion in total on the spooky week. Samira hussain is following the story from new york. How much how much consumers how much consumers get into the holy spirit varies from year to year. This year, is estimated that people in the us will spend 86 per person. Compare that to a decade ago when the average person was estimated to spend 56 per person on halloween. The biggest source of inspiration for costumes . The biggest source of inspiration for costu mes . 35 say the biggest source of inspiration for costumes . 35 say they rely on the internet for ideas, followed by browsing the aisles of stores, and finally the good Old Fashioned way, through family and friends. The top halloween purchase is unsurprisingly candy, but the biggest takeaway is undoubtedly the resurgent popularity in dressing up pets. The amount being spent on pet costumes has almost doubled in the last decade, up almost doubled in the last decade, up to 1190 almost doubled in the last decade, up to 190 million. Almost doubled in the last decade, up to 490 million. More halloween talk ina up to 490 million. More halloween talk in a minute. Lets talk about whats in the papers. Joining us is kate hardcastle, founder of business consultancy, insight with passion. Nice to see you. Have you carved a pumpkin yet . It is waiting for it. We did ask last night. And i recycled the waste in the guardian, Marks Spencer is launches a buy 110w Marks Spencer is launches a buy now pay later service, what is it up to and will it work . This is a Credit Facility offered to customers so Credit Facility offered to customers so that they can spread the cost of payments up to £800 a six week instalment period. You might have heard of similar products. The idea is online, you buy goods, you havent seen them and a lot of time you are returning them because they are not as we want. It is meant to bridge the gap for the consumer so that they are not out of pocket waiting for a refund or return but there are grave concerns. Number one, m s is a troubled business, so you dont want to see this organisation trying to build its reputation back on the fact that they can offer credit. There needs to be much more in terms of the product strategy and where that business is going. Secondly, we know this is a challenging time for consumers, heading into christmas, 78,000,000 of us consumers, heading into christmas, 7 8,000,000 of us saying every january we are struggling with debt and we cant pay the bills, so we dont want to see this as something used by consumers who cant afford the alternatives and he might overspend. The thinking is that because people need to wait for refunds and it takes possibly weeks, this would avoid all that and encourage them to make a purchase that they wouldnt otherwise do. That is used successfully by retailers worldwide and it is something consumers have taken to, but theres research to show that when they use these credit products they spent more than they normally would, and you start to look at, is this a debt opportunity, are there concerns that people are borrowing above their needs, which is something we dont want consumers to do and businesses should not rely purely on that success. It is a tricky one. M s is a retailer that are struggling on many levels. Harrods is launching a stand alone beauty store at lakeside. For international viewers, lakeside is a huge shopping malljust outside of london. Why is harrods doing this . This is a good news story, weve heard a lot of challenging stories from the retail world. This is good because it is a prominent luxury brand and beauty as we know is on the rise. Beauty sales have increased by 10 billion in the uk over the last ten years. It is outstripping Traditional Industries like motor industry. One of the things im finding a real struggle, beauty is doing so well, is that because you have to come face to face with the retailer if they wanted take a look at you and give you the right products . M works in bricks and mortar because of the services. You might get a makeover, interact with an expert, they have restaurant opportunities from coffees through to cocktail, and here we have an organisation thatis and here we have an organisation that is doing well and a way to grow the brand in a new area. So we could see harrods beauty pop up stores all over the place, including outside the uk, presumably . That is what they are looking at. That has been successful format for, so lets watch with interest. Still to come double double toil and trouble for the social enterprise which is brewing up profits from food waste, including the offcuts from your pumpkin carving. Youre watching worklife from bbc news. Lets talk a little bit more about nerves on the high street amongst consumers. Gfk Confidence Index was again in negative territory. With uncertainty over brexit still on consumers minds will the upcoming general election change things . Joe staton is a director at gfk. Good morning. Why are we also glum . The numbers drop this month. It is ona the numbers drop this month. It is on a six year low. What is dragging the number down as concern about our personal finance situation and for me this is concerning. This is the one area we look at when people historically have a lot of control. We are worried about the wider economy. The numbers are disastrous there but it is an area where we have control, personal finances, what we spend and earn. That number is depressed and for me that is worrying going into the golden quarter, black friday and the Christmas Trading period. We were just talking to kate about m s. I dont know if you heard that conversation about by now, pay later, and retailers are desperate to learn as in, but your figures show that we will not necessarily spend. We are seeing depressed numbers on the major purchase index. This isnt lipstick. This is considerable, considered purchases such as furniture and electronics. The number is down there, as well. We know that the appetite for debt is not great in the uk at the moment. The amount of consumer borrowing is down. I would use that to counter any thoughts that we would go crazy and rack up loads of cash on credit. The appetite for credit is lower than it has been. What does it mean for the economy that more people think their personal financial situation is getting worse . For me the main concern is when confidence drops. Consumers are like markets, when we are confident about the future we will spend, invest and plan. When Consumer Confidence falls be retract and retrench. Thats my main concern at the moment. Thank you very much. Mike ashleys private business, match holdings has published it figures as shown that profits are falling. He owns jd figures as shown that profits are falling. He ownsjd sports and a dunlop amongst others. Even mike ashley is feeling it at the moment. Youre watching worklife. A reminder of our top story facebook owner Mark Zuckerberg has rejected calls for a global ban on political ads whereas jack dorsey has announced an end to political advertising on his platform, twitter. Where do you stand on this . We will read your responses a little bit later. Happy halloween, sally. Not scripted at all now karin, what could be scarier than witches and ghosts at halloween . According to environmentalists, its the frightful waste from carving our decorative pumpkins known as jack olanterns. In the uk alone, more than 8 million pumpkins bought for the spooky season end up in the bin. One british company, toast ale, says it has a solution to this problem. The social enterprise now plans to turn the leftover pumpkin waste into beer. With us now is chris head, head of Global Partnerships, toast ale. This is the first time your company is doing this. Youre working with all sorts of organisations. Talk us through this collaboration. This is a special collaboration brew. We usually use bread to replace grain, so we are teaming up with a national ba kery so we are teaming up with a National Bakery school and the charity, hubbub to do a belgian style pumpkin double using surplus pumpkins from halloween. The surplus pumpkin waste isa halloween. The surplus pumpkin waste is a big problem in your eyes. Absolutely. Something like 18,000 tonnes of pumpkins get wasted every year because people will buy them to carve for decorative purposes and three in every five people then put all of the pumpkin flesh in the bin and then it is not used for what it is intended. Hubbub is a uk charity dealing with the problem of food waste all the time. Brewdog is a craft sale com pa ny waste all the time. Brewdog is a craft sale company that many of us know quite well. And you are teaming up know quite well. And you are teaming up together. Talk us through it works in terms of who makes what from whom and how it is a social enterprise. We are a social enterprise. We are a social enterprise. All profits go to a charity called feedback that is fighting to change the food system globally and affect food waste. Theres only so much we can do as one brewer. We brew between half a tonne and one tonne of surplus bread every week but the global food problem in terms of bread wastage is much larger, so we are collaborating with other partners and getting other people doing the same thing as we are. In the uk pumpkins are a relatively recent arrival for halloween. We are not accustomed to doing anything with them. Americans make pumpkin pie, pumpkin soup. Are we realising there are these benefits from pumpkins that we can enjoy . It is definitely a trend that has come from america. Pumpkin beer is an example of that. Lots of american breweries produce pumpkin ale for halloween. Less so in the uk. We are trying to bring that over he