Main markets in europe, all eyes are on the bank of england later for its decision on Interest Rates. And well be getting the inside track from one of the worlds biggest Computer Software companies on how it keeps everything from banks to transport systems and the internet running despite offering its products for free. Today, we will be speaking to the boss of one of the worlds biggest softwa re boss of one of the worlds biggest Software Companies. We want to know if you are willing to pay extra for technical support, or even for the knowledge that you are secure . Get in touch, use the hashtag. Hello and welcome to business live. Welcome to the programme. We start with the worlds Biggest Social Network it keeps getting bigger, more profitable. And more controversial. Facebook has announced record profits and another big jump in the number of people using it. That will only fuel the debate about the power of the network and the content that appears on it. Mark zuckerbergs company made a profit of 1i. 71bn in the three months to september thats up 80 same time last year as advertisers spend ever more cash. Theyre doing that because well over two billion people log on now at least once a month more than a quarter of the worlds population. Its up 16 over the past year. With this vast reach of course comes growing scrutiny for example over its role in the us election. Earlier in the day facebook admitted to a congressional hearing that political content originating from russia was seen by 126 Million People a huge chunk of the electorate. With me is tarek nseir, a Founding Partner at the digital agency, th nk who help Big Companies including nandos and Warner Brothers to grow their online presence. Thank you for coming in. Give us your take on these earnings. It would seem that facebook is going from strength to strength in terms of its core business but this extra added new scrutiny is quite a big headache for it . It must be. Putting scrutineers side for a second, this isa scrutineers side for a second, this is a great quarter. Two years ago, they invested heavily in mobile, they invested heavily in mobile, they were behind the curve but now 80 of their revenue has come from mobile advertising. Advertisers love the platform and the degree of targeting that you can get. The data facebook olds is incredible but advertisers are beginning to question the responsibility facebook ta ke question the responsibility facebook take on. It is a tricky one, if we talk about it in more detail, looking at the last two days of lawyers confessing to congress about what was going on at facebook before, during and after the us election, which Mark Zuckerberg himself said weeks or months ago, this is crazy talk. It isnt crazy talk, it is the reality. It is, the mixed news of this Earnings Release this morning is that next quarter will be a softer quarter because marks moving the team, there are 10,000 people at facebook who look after the community and are trying to stop these things from happening. He is upgrading it to 20,000 people. Considering there are 20,000 people there already, its a big move. Considering the platform size, its a tiny number. Its a big and expensive move, over 2 billion people are logging in monthly, many would argue that this is impossible, isnt it . Pretty much, its about having smarter and smarter technology and is definitely about applying more and more Human Capital to the problem. Facebook havent been doing enough fast enough. What will happen, will they be regulated in future and what impact does it have on facebook, google and twitter, some of its rivals . A good question, for it to be regulated it would need pressure from many corners and many nations for it to be the case. That is probably quite unlikely but i do think that facebook will continue to take their responsibility more seriously. Im interested to see how this upgrading of their resources go. And in terms of their resources go. And in terms of their resources go. And in terms of the core business and growth, talking of great month on month, how will it continue . When we think about the younger people who arent really on facebook at all . There is plenty of fuel left in their tanks. Whatsapp and Facebook Messenger are not really monetised but the leading social network in china, you can get taxes on it, you can buy clothes on it, facebook is taking those moves. There are over1 billion users on these two platforms which is a great opportunity for facebook. We will talk about it again and again. It will not be off my agenda. Thank you. Lets take a look at some of the other stories making the news. The leading electric car maker tesla has said its car production is behind schedule again. The company has been struggling to incease the number of model 3s that are rolling off the production line. It now aims to make 5,000 a week by early next year off. The vehicle is key to its ambition because it is more afforable than others atjust 35,000. Tesla also announced its biggest ever quarterly loss of more than 600m. The Anglo Dutch Oil giant shell has announced a big rise in profits for the three months to september. It made just over 4bn and was well ahead of expectations. It reflects growing optomism in the oil business as well as the impact of cost cutting measures. The chief executive said it was evidence their turnaround strategy was working. A new study claims women around the globe may have to wait more than a century to achieve equality in the workplace. According to the poll by the World Economic forum, the Global Gender Gap has widened in the past decade and will take 100 years to close. The research ranked 144 countries on the gap between women and men based on economic, health, education and political indicators. If you watch the show regularly, its a big day for you today. Theres a widespread expectation that the bank of england, one of the worlds most important central bank, will raise Interest Rates in a few hours time. If they do that. It would be the first rise for ten years, in which time the uk as been recovering from the Global Financial crisis. Simon gompertz reports. This could be a shock for people in millions of homes which are saddled with a variable rate mortgage, homes like this one in oldham. The owner, lynn, has struggled financially ever since a car accident stopped her working. I am literally living i wouldnt say on the bread line, but very, very close, and any hike in interest or supermarket bills affects me instantly. The bank of england has to decide whether, with the economy growing, there is a case for keeping Interest Rates low. The governor, mark carney, has already given hints that a rise is on the way. The banks base rate was cut to 0. 5 in the midst of a financial crisis, then to 0. 25 after the Eu Referendum last year. The speculation is that it will be put back up to 0. 5 again. I think, whether you are a saver or a borrower, i dont think the increase will be that significant now. But the likelihood is well get a series of increases, maybe two more over the next two to three years, so it will start to have a more Material Impact on our everyday lives. In the financial world, they are so convinced that a rate rise is on the cards that the pound has gone up, in the hope the money kept in the uk will give higher returns. So, if that doesnt happen, the markets will be caught on the hop. You will be all over that later, wont you . Yes, i will be in the city to gauge the reaction is to that, and how it will affect the pound and peoples pockets. that, and how it will affect the pound and peoples pockets. If it happens. Indeed. China is taking steps to boost foreign imports ahead of president trumps visit next week. The trade relationship between the two heavyweights is expected to be a major topic of discussion. The us president has been strongly critical of chinas massive trade surplus with america, blaming unfair trade practices including heavy tariffs. Our beijing correspondent, john sudworth, joins us. Talk us through what china has announced ahead of Donald Trumps visit . These reports are coming from the Chinese Ministry of commerce. Basically saying that they are going to cut tariffs on a range of Consumer Products and boost bank lending for imports. The reason that the Commerce Ministry suggests is nothing to do with concern about what chinas huge trade surplus is doing to other markets but there is concern about what the trade surplus means for its own consumers. There isa means for its own consumers. There is a knock on impact here, and an impact on inflation and they say that they are acting in the interests of allowing chinese consumers to share a greater portion of national wealth. John sudworth, many thanks. Asian shares inched higher. A relatively weak yen, a positive factor for japanese exporters, helped lift the nikkei. Sony shares added another 2. 8 as the firm raised profit forecasts and announced plans to revive its robot pet dog. Chinese internet giant alibaba was due to release its Third Quarter earnings after asian markets closed, with investors watching closely to see if heavy investment has yielded further rapid revenue growth. Meanwhile, investors are braced for what many of them expect will be the bank of englands first interest hike in more than ten years. On equities Oil Giant Shell has reported a large rise in Third Quarter profits after the energy giant was boosted by Higher Oil Prices and increased production. It comes as the price of crude rose above 60 per barrel this week, its highest price forfive months. Teslas Share Price Fell after it admitted production of its new model 3 car is months behind schedule. In the us the fed, as expected, kept Interest Rates unchanged. But all eyes will be on the confirmation of the next fed reserve chair widely expected to bejerome powell. Tech giant apple will be reporting earnings on thursday. We could hear more details about pre orders for the new iphone x that begins shipping on friday. Investors will wa nt to shipping on friday. Investors will want to know about the companys outlook for the upcoming holiday season. Outlook for the upcoming holiday season. Coffee giant starbucks will be reporting their earnings, they face stiff competition from low priced food chains like mcdonalds and more upscale food chains like bluebottle. They are grappling with calling growth in the dominant market here in the usa. Finally, canadas Aerospace Market here in the usa. Finally, ca nadas aerospace pacemaker bombardier will be reporting earnings, analysts are looking at more details for the decision to give a majority stake to yours airbus, the news came after us officials slapped bombardier with a 300 tax for any c series plane coming into the usa. It is such a busy day today, i cannot stress that enough joining us isjessica ground, uk Equities Fund manager at schroders. I say that because we have the central bank news, john Rovman Powell as a possible nominee and aunts today and all of the earnings, apple to come later. What are you watching . What are you most interested in today . The expectations are key on all of these things, the expectation is that we have a 25 point bass rise from the bank of england but people are not expecting Interest Rates to rise significantly after that. The key is we have the minutes and we understand better what people are thinking about in the future. John Rovman Powell is expected to be announced to leave the fed. Jerome powell. He has been there for a while and as we have learned with donald trump, until something is signed, sealed delivered. We will be watching his twitter feed and the Interest Rates, i was reading a take, because it is widely expected that they will raise those rates, a lot of it been priced in. If they dont, that is where we could see a bigger move in response . People would be surprised. On one hand it isa would be surprised. On one hand it is a doubling of rates to half a percent but the 25 base points were taken percent but the 25 base points were ta ken towards percent but the 25 base points were taken towards the end of last year in response to brexit and the bank wanting to support the economy into that. As you say, it is a sign of strength when the bank feels that they can return rates to a more normal rate but if they feel like it is weak, that will be a negative surprise. Shalls share prices have barely moved this morning inspired birth strong results shell. Barely moved this morning inspired birth strong results shell. The key thing is not only their oil price but they are digesting their acquisition of british gas. Bt. That will change your as is quite significantly. Its great that it seems to be going well. There are quite a lot of investors that would go well and it is quite in line with expectations. Thank you. Jessica willjoin us later on other stories like tesla, we will talk about that soon. Still to come we get the inside track on one of the biggest Software Companies in the biggest Software Companies in the world. How it keeps banks and transport systems running, despite Offering Software solutions for free. Bt Group Reports a 14 drop in Second Quarter adjusted earnings bt Group Reports a 4 drop in Second Quarter adjusted earnings to £1. 81 billion for the three months to end of september. But the companys earnings still came in ahead of target, despite struggles to turn around its Global Services unit. Our business correspondent, theo leggett, is in our business newsroom with more. Talk us through it. It is a mixed bag but generally disappointing results from bt. A key problem is in its Global Services unit, the unit that provides outsourced network it infrastructure for companies and it seems the trend away from outsourcing is affecting that the mission. It has been weighing on bts mission. It has been weighing on bts results for a while. In this quarter profits were down 40 and sales down 10 , so that is the weak area. Some concerns over bts tv business despite the fact it has invested in sports rights, premier League Sports rights. It only added 7000 new subscribers during the quarter, compared to 63,000 added last year. There is a bit of concern there. But on the other hand the eee Mobile Division has been doing well and that has offset business in other parts of the company. And talk this morning about bt considering what to do with its pension scheme. There were some people expecting bt to announce the closure of its pension scheme. That has not happened, it says it is still in discussion with its unions. But it still has a deficit that is a problem. What we are likely to see is some form of closure of its existing scheme, or restrictions to it, and a new scheme coming in. At the moment those talks are still ongoing. Thank you very much indeed. There is so much news coming out all the time and it is on the business live page. Also morrisons is stepping up its competitiveness and it has just released its like for like sales for the 13 weeks to the end of october. Its like for like sales represent 2. 5 , but it is talking about the impact ofa but it is talking about the impact of a lower sterling on its profits, making its margins really squeezed. It is tough out there for retailers on the high street, especially supermarkets. Our top story, facebooks profits soared in the three months to september, it brought in 10 billion from advertising. It says it will spend more on security over scrutiny over how big was exploited during last yea rs over how big was exploited during last years us election. Over how big was exploited during last years us election. A quick look at how markets are faring. Not giving as much direction, but those are the numbers. They are treading water ahead of that decision from the bank of england in london. Decision from the bank of england in london. Now, were going to be talking about open source technology. Put very simply, this is software which is free for anyone to use. Red hat provides products based around the worlds most popular open source platform linux. It offers Bespoke Software such as operating systems, Cloud Computing platforms and software development. And if this sounds like the sort of thing for small or startup companies, you may be surprised to learn that red hat helps more than 90 of fortune 500 companies. Jim whitehouse is ceo and president of red hat. Good morning, welcome. We have explained in a very simple way what you do, could you elaborate on that . We ta ke you do, could you elaborate on that . We take software that is often developed by google and facebook, things like alexa and hey, google, that those companies allowed to be open so the source code is freely available and we take that and apply that to a bank because the same technology can do fraud detection. We ta Ke Technology can do fraud detection. We take this open Source Software and make it secure and reliable for Large Enterprises to use. What you are saying our big organisations and some of them are old and traditional and some are not so. You say, yet is this software, we will make sure it works for you, it is secure and it does what it needs to do and it makes you better and does not harm you . Exactly. When these Web Companies write the software it is not built for enterprises in mind and we take the software and make sure there are no security issues, we offer tech support and we life cycle it. We take this information and make it consumable for enterprises. And these clients pay for that service and that is how you make money. We were asking for tweets about open source tech and tech support and people are happy to pay for this Premium Model where you get something for free and pay extra for a premium service. Linda says, why would i pay somebody to tell me to switch it on and off again . Maybe it must be the software. Someone else says, i know how to google, i do not need tech support. But one person said, i will not pay to have a person tell me how to make your product work. Explain why to your product work. Explain why to your clients this is critical. We have free versions of all of our softwa re have free versions of all of our software that any consumer can download and use. But if you are a Stock Exchange or you are running a nuclear submarine, some of the most Mission Critical applications out there, you are not plugging it out and in again, so we have to make sure it works 100 of the time. We are paid for production applications like trading platforms and billing systems which you cannot take down. You have been running the company for ten years and prior to that you we re for ten years and prior to that you were with d, you were the chief operating officer there when it was going bankrupt and you were there for some time. This is such a differentjob. Your skill set moving from that to this, talk us through that, it was a big change. It was a different type of situation because you are trying to drive efficiency across a big global business. Legacy airlines, big issues. Indeed, but read hack is all about innovation. But leadership and building a team, building a culture and driving direction, those across enterprises. In technology are a lot of companies rely so much on a founders vision that they have trouble scaling and one of the things i think leadership, not necessarily me, it can be helpful in some of these newer Tech Companies to help them build their culture as they go global. Do you think companies so much in the news right now like facebook, in some ways some of those companies are lacking that . They are growing extremely quickly exponentially globally, and yet they have not got that skill set say somebody who has worked in other areas of business elsewhere, that they may bring. I do not want to speak about specific companies, but people who run Small Companies and founders are great at getting companies to a certain size. It is a different skill set to run a 50,000 company than a 5000 present company. A person running a 5000 company would fail running a 50,000 company. Bill gates recognised that and brought in a team as microsoft groove. Great companies learn and theirfounders groove. Great companies learn and their founders learned at some point that it their founders learned at some point thatitis their founders learned at some point that it is time to recognise what you are good at and bring in others to augment it. Some companies have been successful and done that and in others the founder stays too long. Your name isjim whitehurst, notjim whitehouse, you were too polite to tell us. Thank you for coming in. Thank you for coming in. In a moment well take a look through the business pages but first heres a quick reminder of how to get in touch with us. The business live page is where you can stay ahead with all the business breaking news. We will keep you ahead with insight and analysis from the bbcs team of editors from around the world. Get involved from the bbc business live web page and on the website. At twitter we are on bbc business and you can find us on facebook. Business live on tv and online whenever you need to know. We are running out of time. We are running out of time. Lets see what other stories are being talked about on social media. Lets kick off with tesla, jessica. Concerned about production levels and about how much the company is spending. What is interesting is the shares are off and the debt as well. People are thinking about leveraged and it is hard to build a car maker from scratch. And delay on the model three car, there is so much anticipation, everybody wants this car, yet it cannot seem to deliver right now. Scaling up the production was always going to be complex and issues around the batteries as well are causing delays. I was fascinated by tesla because elon musk is raising money over and over again and yet this is a company that has still got a lot of questions hanging over it. It is significant that the bond is traded off and people are doubting whether profitability will be. Tesla can still be a success, but there are questions over the equity. It has been good to have you here. Goodbye. It has been a rather foggy start to the day across southern parts of england and that fog is continuing to clear away and for most of us todayit to clear away and for most of us today it is a largely fine day with some dry weather and sunny spells. We could see a few spots of rain in wales, the midlands and the south east of england, but further north you will see the best of the sunshine. Even towards the south west of england in the afternoon there will be sunny spells breaking through and that fog around east devon and into dorset will have cleared away. There could be a few bits of brightness on the far south coast, but most of central areas in england and wales will be quite cloudy. Some sunshine in northern england, scotland and Northern Ireland. Starting off this morning ona ireland. Starting off this morning on a chilly note, but we will end the day with spells of sunshine. It will still feel a bit chilly at eight or 9 degrees. Overnight we will continue with this cloudy weather and there could be a few mist and fog patches in the early hours of friday morning. On friday there will be a bit more cloud around compared to today. Those are the overnight temperatures. During friday there will probably be more cloud compared to today. Saying that, there will still be some brea ks that, there will still be some breaks developing giving sunshine across southern england and south wales and perhaps in the north east of scotland. North west scotland, Northern Ireland will see some rain returning later in the day on friday. That is associated with this cold front and then there is another whether system as we go through saturday and that will bring quite a bit of rain. But those whether france also herald in colder air as we go through the weekend, coming in from the north and the west because of the blues going further south and eastwards. Saturday is quite a wet start to the day, but the rain clears away gradually and there will be sunny spells following on behind that. Temperatures fall away in the north, still mild in the far south east. By sunday that cold weather will extend its way further southwards and eastwards. On sunday the mix of sunshine and a few showers and the driest of the weather in northern and western areas. Hello, its thursday 2nd november, its nine oclock, im victoria derbyshire, welcome to the programme. Theresa may loses one of her key allies in the growing scandal engulfing westminster. Defence secretary sir Michael Fallon resigns for inappropriate Sexual Behaviour leaving a key cabinet position unfilled and mps wondering who might be next. The culture has changed over the years. What might have been acceptable 15, ten years ago is clearly not acceptable now. One senior conservative politician, a woman, says it is time to clean out the stables. Is she right . Also this morning an exclusive report on how unregulated psychotherapists are free to practise on vulnerable patients, in some cases with devastating results. I was asked by the therapist if i wanted to be given a bath by all three as a way of showing nurturing towards me