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if you have just joined if you havejustjoined us, you are in time for the type business stories. it s a busy time for earnings and the oil giant bp will be revealing it s latest results in an hour and a half. oil prices hit their highest level in almost two years during the second quarter and refining margins have also improved significantly, so analysts are expecting solid profits this time from bp. but they will also be listening out for more news on bp s transformation from a company that makes vast amounts of money from fossil fuels to an integrated energy company focusing on low carbon energy. bp has committed to becoming a net zero company by 2050. joining me now is nitesh shah, director, research, wisdomtree. always good to see you. first of all, how much money do you think bp has made in the last quarter. think bp has made in the last auarter. ., think bp has made in the last auarter. . ., ., quarter. thanks for having me on our quarter. thanks for having me on ....
here. and martin bashir interview of princess diana deemed deceptive by the bbc. the lead reporter is going to join me in the next few minutes. but first, four stories about this network, cnn, including chris cuomo s apology and rick santorum s departure. we ll get into all tv so let s start with the subpoenaing of barbara starr s records. everyone week we are learning more about what the trump era justice department did, more about its practices, about secret seizure of reporter phone records. first the washington post was notified that phone records for three reporters were subpoenaed by trump s dodj and it also happened to barbara tar. her phone and email records seized by federal investigations investigating leaks. snooping on reporters has been a bipartisan practice in d.c. recall obama era justice department doing the same thing and that is what makes president biden s sow so notable. he said no, it will not happen in his administration. should the governmen ....
defend nato countries if they didn t pull their weight, but that he would encourage putin to invade the countries if they didn t pull their weight. he sided with a dictator who kills his political opponents. he sided with a tyrant who s made no bones about wanting to destroy america, and you re going to side with something like that over the allies who stood with us at 9/11? that s nikki haley continuing to call out donald trump for his comments and his relationship with vladimir putin. it comes as the former president is making the death of russia s main opposition leader all about himself. meanwhile, president biden is considering new action against russia in response to alex nee navalny s death, but biden s promise to provide aid to ukraine in its fight against putin s army is still stalled in the republican controlled house. we ll go through all of that straight ahead. plus, israel is giving hamas an ultimatum on the remaining hostages. free them by romra apdan ....
are the latest shipping companies to abandon the red sea area. the suez canal handles more than a tenth of the world s trade, but it s particularly vital for the movement of goods between asia and europe. the alternative is a long and expensive detour around the cape of good hope at africa s southern tip. because of the disruption, the cost to ship a container from china to the mediterranean has risen 44% this month alone. that s according to the online shipping marketplace, freightos. swedish homewares giant, ikea, is just one of the companies now warning of delays and possible availability issues for some of its products. shops in europe are already well stocked for christmas, but logistics experts warn there could be shortages in the new year if the crisis continues. we ll hearfrom one of the shipping companies in the moment, but first, let s get the background from our analysis editor, ros atkins. on the 19th of november, houthi rebels from yemen was an attack on th ....
right now, two separate senate committees are drilling into u.s. and china relations. in the wake of that chinese spy balloon entering the u.s. just last hour senator jon tester made the stakes abundantly clear. china s a real threat and one we need to take seriously, which is exactly why we re here today. house members this morning receiving a classified briefing on the balloon ahead of a vote scheduled just a few minutes from now to condemn china s use of a spy craft. senators are set to receive an all members briefing of their own in about 30 minutes. all of this happening as the state department is revealing fresh details about china s surveillance program this morning. and just what the balloon hovering over the u.s. was capable of. in a few moments, i ll talk to former u.s. ambassador to china max baucus about what we can learn and the very real threat posed by china. plus, fading hopes for survival, days after devastating earthquakes rocked turkey and syria ....