this is business live from bbc news with sally bundock and maryam moshiri. facebook reveals disappointing user numbers and ad sales but mark zuckerberg says new growth is around the corner. live from london, that's our top story on wednesday 31st october mark zuckerberg has attempted to shrug off facebook‘s underwhelming results — saying ad sales will catch up with changes in user behaviour. we'll look at his strategy to get growth back on track. also in the programme... australia ratifies the massive trans—pacific partnership deal, paving the way for it to come into force in december. is the us now at a major disadvantage on trade? click or treat, today it is

definitely the latter for the european markets. european markets have had a strong start to the trading session — we'll explain what's behind the surge. for those of you in colder climates it might be temping to reach for the fake tan. we will be talking to the mjan behind an innovative brand about why the self tanning market is growing so fast and how best to get that glow? today we want to know as facebook reports that the number of added users is slowing down, are you turning off facebook? and if so do you prefer to use other forms of social media or stay off it altogether? let us know — just use the hashtag bbcbizlive hello and welcome to business live. get in touch. the secret to our globe, the talented staff in the bbc

make—up department, it is as simple as that. make—up department, it is as simple as that. we start with social media giant facebook. the company has revealed its lastest numbers which show it's user growth has slowed as the world's biggest social media site has been hit by security breaches and worries over fake news. in september, an average of 1.1i9—billion people used facebook every day. that's an increase of 9% on the same month last year but it's a smaller increase than analysts had expected. and in europe it's losing friends with one million fewer people logging on. facebook says revenue rose by 33% to $13.7—billion in the three months to the end of september but this also narrowly missed forecasts. the predictions were revenues of over a0%. the predictions were revenues of over a0%. taking a look at facebook‘s share price we can see it's lost about a third of its value since july after it warned

of slowing user growth following scandals including security breaches and worries over fake news. with me is richard kramer, senior analyst at arete research. richard, thank you forjoining us. we have seen the figures. growth is slowing down in some areas, fewer users than before, should facebook be worried? i don't think the business that is growing sales 34% with a 56% profit margin and generating the cash flow that facebook is, investing $15 billion, should be overly worried. this is about comparing to what we have had before. in deed and for these hypergrowth companies it is impossible for them to sustain the growth facebook saw last year. the

important thing right now is to separate facebook the business and its issues with security and with potential regulation and with the questions about its impact on society. going back to the business, mark zuckerberg has said he believes the developed market in the developed world for facebook is saturated. do you believe that? absolutely. they would have grown users in europe, but whether it is 278 or 279 or 274, by and large the population in europe using facebook is already using it. let's separate the business from what is going on in terms of the socio— economic situation and what people think about facebook and the major trust issuesit about facebook and the major trust issues it is facing now. we have had issues it is facing now. we have had issues with cambridge analytica and fa ke issues with cambridge analytica and fake news. i these all having an impact on the way facebook is looking to the future? they

absolutely are. but if you go back to the cambridge analytica scandal you would think it would lose 30% of its users and basically it is flat. it has been minimised. what facebook has done is it has invested more than once to invest more on platform security. if they are handling 100 billion messages a day and posting 1 billion messages a day and posting 1 billion stories to instagram, was up and messenger, it is almost impossible to moderate all of that content. the amount of money they are spending is not going to guarantee that the platform is not hosting hate speech. where does the future lie? it lies in a long-term shift from the facebook properties we so shift from the facebook properties we so well over time to instagram and to using messenger as a back channel or a communications channel for a whole window businesses. the future lies in competing with you to

—— youtube video and planning on spending on their infrastructure next year. let's have a look at some of the other business stories. third—quarter profits surged by 36% at banco santander thanks to a solid performance in brazil and spain that offset a loss in argentina. the eurozone's biggest bank by market value made net profits ofjust under $2 billion from july to september. but its profits in the uk were down 13% in the nine months to the end of september. mixed news for samsung today. it has posted a record quarterly profit as strong demand for its memory chips helped to cushion slowing smartphone sales. the south korean tech giant reported a 21% increase in profits for the three months to september, compared to the same time last year. but it has warned earnings will decline in the next three months. shares in general electric have hit their lowest level in nine years amid investor worries

about the turnaround prospects of the once industrial giant. ge says us civil and criminal authorities have widened investigations into accounting practises at the firm. ge also reported worse than expected finacial results. australia has ratified a huge pacific trade deal meaning it will come into force at the end of the year. the trans pacific partnership covers more than $200—billion in trade. president trump pulled out of the pact last year but the remaining members have pressed ahead. it was one of the first things he did. it was one of the first things he did. phil mercer is in sydney. they have pressed on and it looks like it will come into force at the end of the year. yes, it needed the

ratification of six of the 11 members. australia has officially signed up, so the transpacific partnership will come into force at the end of this year. it aims to slash tariffs in 11 countries. as you say, last year president trump pulled the united states out of this huge agreement, saying it was bad forjobs and bad for the united states. other members decided to press on, including canada and mexico. japan has said the reworked tpp is a positive response to creeping protectionism around the world. as far as australia is concerned, it is a very enthusiastic supporter of the tpp and other free trade agreements. the prime minister here, scott morrison, saying this has been one of the most significant and exciting trade deals in recent australian history. he said it would be good forfarmers australian history. he said it would be good for farmers and good for

businesses. critics, however, do not believe there has been enough scrutiny of the deal by the australian parliament, and they do worry there has not been enough external scrutiny of the finer details. they also believe that the economic benefits of the tpp have been exaggerated. so australia has officially signed up along with those other ten nations that include chile, malaysia and new zealand. new zealand is another very enthusiastic supporter of free trade deals. thank you so much. as ever with the trade agreements, the devil is in the detail. we will see what the reality is when it all kicks in. but in the markets it has been the worst month in many years for stock markets around the world. we don't want to overplay it, but it has been read

all week and now we have got green. in general the asian markets are following the lead from wall street. on wall street all the markets are higher, people are getting hold of bargains. stocks that have been sold off heavily, like amazon and facebook, they are picking up bargains. will october end on a high? next profits, they were up, a mixed picture for them. nine—month profits coming in at 35%, so many earning stories. look at the business live page for all the details. now let's go to asia. now let's go to asia. and samira hussain has the details of what's ahead on wall street today. it is all about earnings for wall street. on wednesday we will hear from us car—maker general motors. unsurprisingly, the company is being hit by rising steel

and aluminium costs and less demand from china. but on the flip side other car—makers like tesla and ford beat expectations. so investors are waiting to see if gm can do the same. also reporting, cosmetics maker estee lauder. there has been a lot of demand for its skincare line clinique and make—up brand mac, particularly in emerging markets, but the question on everyone's mind will be china and if there has been an impact on demand. joining us is sue noffke, uk equities fund manager at schroders. good morning. let's talk about what the month has held over the last 31 days of october. it has been turbulent. a torrid time. in the eurozone, yes, but we have had some strong economic data. we had weaker numbers yesterday than the had expected. really it has been a year of one office. there was the very cold weather in spring. the trade

war talk has really gummed up the exports. the employment data was better. it points to perhaps it being a temporary blip and we may exit the year a bit stronger, but so much does depend on global activity. markets today in asia, as i said it was all strong, ignoring the news out of the chinese money factoring sector which is weaker than expected, activity in china's factories, the currency at its lowest level for ten years versus the us dollar, that is still the background noise. or is not rosy for china. we have seen quite a slowdown. what is different this time is about how the authorities deal with that. in the past, in 2008 and 2015 we saw stimulus programme is really aimed at infrastructure

projects and state owned enterprises. this time the authorities do not want to have a huge debt splurge, so much more targeted tax cuts to individuals and really trusting those individuals that they will spend. lovely to talk to you, you will be back in a short while to talk through some business headlines. including the queen's pay rise. but as much as one would have hoped. indeed not. still to come... to tan or not to tan? we'll talk to a man whose business is based on our desire to maintain a healthy glow whatever the weather. you're with business live from bbc news. retailer next has reported a 2% rise in full—price sales for the third quarter — a slight slowdown on the month earlier. that isjuly,

that is july, august that isjuly, august and september. but it's maintained its full—year profit guidance. joining us now is thomas brereton, retail analyst at global data. thomas, what do you make of the result? the share price is down, so investors are disappointed ? result? the share price is down, so investors are disappointed? the share price is down, but it is a mixed bag of results where they missed their retail in—store sales which were down 8%. but online we saw it outperforming, up by 12%. so it is really a reflection of how people are changing their shopping habits really. thomas, it has often been a tale of two retailers, its online business and the high street. what does it look like this time around? next would say they are working on integrating those two things. they are not leaving the

store is behind, because they open their new flagship store in oxford street this year, but it is more like integrating those channels and having stock available online in the stores. about 50% is collected through this door, so it is important part of their business. what is the outlook? it is good, they have been one of the retailers to adapt online quicker than others. debenhams down the road is doing quite poorly, but they have amazon and asos looking over their shoulder, but for them they have to continue to adapt. the weather is so important. it is cold. no, but the bizarre freak weather that we are having. i really fancy a fake fur coat this

year. i really fancy a fake fur coat this yea r. sally i really fancy a fake fur coat this year. sally is going to take me shopping after the programme. lots of stories on the tablet, including this one on standard chartered. it is warning the impact of trade wars will be pretty big on its business. it isa will be pretty big on its business. it is a london listed bank, but it does a lot of business internationally. stay with us here on bbc news. you're watching business live. our top story — mark zuckerberg claims facebook is on track for future growth after revealing disappointing user numbers and sales. it is going down in europe. a quick look at the markets and european stocks are doing really well. that is all we need to is safe. now let's get the inside track on getting a glow, whatever the weather, because fa ke—tan products are rising in popularity. the market in the uk grew over 38% in 2016, as more men haven taken up the practice.

it's estimated that by 2026 the global self—tanning market will be worth nearly $5.5 billion. one company looking to capitalise on this trend is future beauty labs, who have fake tan available in 100 markets worldwide. with us now is marc elrick, chief executive officer and founder of future beauty labs. welcome to the programme. you are looking very healthily can. welcome to the programme. you are looking very healthily canm welcome to the programme. you are looking very healthily can. it is from a bottle. explain to us first of all before we talk about the market and the business, what is the difference between your product and what one could find in the chops previously. the first fundamental difference is we created a system called tailor—made tanning. it gives the consumer complete control, com plete the consumer complete control, complete customisation and personalisation. it gives them more shades and more choice and more

control than ever before. secondly, we also created a line of clean, organic tanning waters which results in no stain bed sheets, flawless skin and high performing, quality ingredients. so, with the water you just spray it on your body and rub it in and that is it? absolutely. you drop it in your normalface cream? >> it is a concentrate that you mix with your moisturiser and these are clear, high performing skincare infused self tanning waters. with fa ke infused self tanning waters. with fake tan everybody worries about the strea ks fake tan everybody worries about the streaks and the patches, that you look to orange, you look false and fake. with water how do you know you are getting it right? so many people say no, and we sell in markets globally and i have women of the age of 70 telling me, i have never

looked so healthy and i have never had so many compliments. it is a micro—missed, so you are misting it onto your skin and people say the results are onto your skin and people say the results a re better onto your skin and people say the results are better than before. let's go back to the business element, a 30% rise in the uk. why is it more of us are using fake tan? is it because we are worried about the effects of the sun on our skin? it is twofold. people are definitely aware of the damaging effect the sun has on our skin. i also think the category has evolved and the consumer 110w category has evolved and the consumer now has more choice than ever before and more innovation that is truly performance lead. what do you think about the fact that we are trying to change our skin colour? if we are white we want to get darker and if we are black we want to get whiter, or a least a lot of people are. what do you think of that trend? i love the humanities side of

beauty and i often say to my team in the office, self tan will not change the office, self tan will not change the world. but how it makes people feel might change theirs. that is the future of beauty and the power of beauty. you are an entrepreneur, how did you get started? how did you come up with this idea and get the funding for everything? my husband andi funding for everything? my husband and i owned a small hair salon in the uk and something that was re—occurring was clients were often saying, my self tan looks streaky, fake, orange. our light bulb moment was if you can customise your make—up, could you customise your tan? that is when we made the system that gives the consumer 12 shades instead of three. what gave you the idea of tanning water? technical developments. we spent five years we searching and developing the category and what we realised was there was a technical benefit of removing the chemicals and the dive

from self tan. a lot of the chemicals can break down the key ingredient, but one of the biggest concerns is staining of the pores of the skin and the bed sheets and sometimes significant others. we have all been there. but we have all been there and i wanted to create a brand ultimately that was consumer focus. it was inspired by consumers and every decision we make is led by consumers. i love the holistic approach. you are thinking about every single detail, even your significant others. so lovely to have you on. thank you so much forjoining us. i don't know what to say. bed sheets. can you carry on? in a moment we will look at the serious business pages. , but first he is oui’ business pages. , but first he is our asian correspondent with a look at the chinese currency. the chinese central bank said a

guide for it every day and that send a signal to the market where it expects it to go. these days it is edging closer to the seven mark. shows you how much of the chinese currency one us dollar buys. it hit seven tenures ago during the global financial crisis and this is where it is now. so the more you can get with the us dollar, the weaker it is. it is down to an abrupt things. partly it is the strength in the us dollar on the back of more confidence in the economy there, and the fact the federal reserve increased interest rates. but it is also because the chinese economy is slowing down. worries about the trade war affecting the chinese economy is pushing the economy lower. but a weaker one can help to boost growth by making chinese exports more attractive to the rest of the world. making sense of the

fall in value of the chinese currency. we have asked you to get in touch with us today about facebook is more europeans are not logging on. what are you up to? we have had a lot of tweets. charles cross says i removed it from iphone and tablet and i'd take it on my desktop once a month. johnny blade says i dropped it a few yea rs johnny blade says i dropped it a few years ago, it is old hat and boring. christopher hill said facebook dived when i started using it. somebody says has facebook got egg on its face? i only log on when my sister posts pictures of her worldly travels. no pro—facebook tweaked so far. but somebody in british columbia did say his wife is on facebook because they are expats in canada and she likes to keep in touch with her friends. i enjoy keeping in touch with my family around the world. sue, do you

useit? sue noffke from schroders join us again. no, buti no, but i use whatsapp. they have mixed opinions about the royal family in australia. counting pennies at buckingham palace, the queen gets a record low pay rise. it is 0.2%. that is a pay cut in real terms? yes, it is, but the context comes out later in the story because last year she took a bigger share of 15-20% of the last year she took a bigger share of 15—20% of the crown estate income to pay for upkeep on refurbishment. four weddings? no, for buckingham palace. it is an historic, iconic building in the uk. it must take a lot of money to maintain a building like that. it is a huge draw. i was

in kensington palace not long ago. listen to you! i was just doing the tourist thing and i could not believe the queues of people and thatis believe the queues of people and that is not buckingham palace. believe the queues of people and that is not buckingham palacem believe the queues of people and that is not buckingham palace. it is clearly so significant that we keep these places alive and looking good. when it comes to the royal family we a lwa ys when it comes to the royal family we always try and measure to what extent they boost the uk economy and economic growth, especially when we have things like weddings. there have things like weddings. there have been so many big events. they really do. we had the may wedding and then we have got babies. really do. we had the may wedding and then we have got babieslj really do. we had the may wedding and then we have got babies. i think they said later on in the article that people are paying £1.20 a year for that. i think it is a bargain. thank you so much indeed forjoining us. that is cheaper than a loaf of bread. that is cheaper than a loaf of bread. that's it from business live today. we have had another cold and frosty

start to the day. temperatures in southern parts of england down to minus five degrees is this morning. it is milder than it was yesterday across the south—east. but there is rain in the forecast today around the irish sea coasts. the further east you are, it will remain dry and fairly bright. maximum temperature is getting up to 9—14d. it is halloween, so if you are out and about this evening and trick or treating, you will want to know if it is going to be dry. a bit of rain in the east and in north—west england and north and west wales and the south west, but for most it is a dry evening to come with clear spells. as we go through later in the night, rain moves into the far

east of england. but this means it will not be so cold in england and wales, the frost limited to the far north and west of scotland and northern ireland. we start off on thursday morning with this area of rain and that will move away and clear eventually throughout thursday. further west there will be plenty of dry and sunny weather. a few showers coming into the west of scotland. maximum temperatures will be down a little bit to 8—12. the rain clears away during thursday night, clearing the kent and the norfolk and suffolk coast lines. then we have a ridge of high pressure developing on friday. for many of us it will be quite cold and frosty to start off with, but lots of sunshine on friday. a crisp, sunny day for many and rain moving into northern ireland later in the day. temperatures down to 9—11d.

that is the wet weather that will be heading its way in for the weekend. all linked to this area of low pressure. these are the remnants of hurricane oscar. it will turn quite windy for many of us over the weekend. on saturday some heavy rain moving its way through. turning into more showery rain as we go into sunday. temperatures about 14 or 15. hello, it's wednesday, it's nine o'clock, i'm victoria derbyshire. welcome to the programme. thousands of nhs staff are violently assaulted every year — usually by the very people they are trying to help. now the government is promising a zero—tolerance approach. yes, of course, i accept the frustrations. you know, i have been in the middle of the night in a&es and seen this happen, seen someone come in off an ambulance and either them or sometimes the people they are with be very aggressive and in some cases violent. an nhs nurse who was attacked will be with us to talk

about the profound effect it has had on her life. from butt lifts to lip fillers, the popularity of cosmetic surgery has exploded in recent years. and it seems nothing is off limits.