Forget, they have been going up and up forget, they have been going up and upfor forget, they have been going up and up for days it would seem. We will talk you through the winners and the losers. Well meet the man who bought a failing factory and turned into a thriving Business Feeding Babies around the world. Plus a new device has been launched to muzzle noisy phone calls in the office. What most distracts you at work . It is called a hushmie and it cant be used by presenters im told in the last few hours weve heard President Obamas Farewell Speech with just over a week left in charge of the worlds biggest economy. Today his successor donald trump will give a long awaited Press Conference, his first since winning the white house in november. There are still questions about how he will separate himself from his vast Business Interests. In his latest disclosure the President Elect revealed interests in 144 companies. These have had dealings in least 25 countries in asia, europe, africa, South America and north america. Democratic Party Politicians are amongst those to express concerns this could influence his policies towards some of those countries. He derives much of his income from developing real estate and also operating golf courses in the us, britain, ireland and the united arab emirates. But he also makes money from licensing the trump name to Property Developers around the world. Some of those projects have been engulfed in controversy. However, it should be noted that as president he is legally allowed to continue to run his businesses. But previous president s have put their businesses into blind trusts to prevent Conflict Of Interests or the perception of them. With me is stephanie hare, independent Political Risk analyst. This is all about trust. It has been such a divisive election campaign. What he says and what he does now is going to be crucial, isnt it, in regaining the trust of half the Us Population . Exactly. This is a question about perception. So, as we just heard, he is legally allowed to run those businesses. However, he is already looking likely to run foul ofa already looking likely to run foul of a clause which is part of the us constitution. Something like his Trump International hotel in washington dc, hes going to be in violation of the lease terms on that which says he cant as an elected official hold the lease on that hotel. If he doesnt divest himself of his assets by 20th january, which looks highly unlikely unless we get a surprise looks highly unlikely unless we get a Surprise Announcement looks highly unlikely unless we get a Surprise Announcement today, he will be in a position where it could look as though he might be able to manipulated or influenced or could himself seek to manipulate or influence based on his global holdings. And if he puts members of his family in key positions, thats going to have a big implication as well, isnt it . They too will have to show that they have divested their interests . The purpose of a blind trust is that he would sell his assets and hand over the money to an independent administrator who iu ns to an independent administrator who runs that fund for the time that he is president. He would have no idea whats in the fund. Thats not what were seeing. Were seeing that he is proposing his two adult sons run the trump organisation. Now, he knows whats still in his Investment Portfolio. Everyone knows whats in his Investment Portfolio in terms of what is public and he is going to be having a relationship with his two sons. The potential for having a relationship with his two sons. The potentialfor Conflict Of Interest there is very high. We have got Rex Tillerson who said hes going to sell off his Share Options and interests in exxon mobile. He was ceo. Is that enough in regaining trust . Thats easier. It is easier to sell shares than it is real estate. Everybody knows that there is the properties. They know who is the owner. There is few people who ca n afford the owner. There is few people who can afford to buy the properties whereas shares are easier. Rex tillersons Divestment Process is more straightforward than the President Elect faces. More straightforward than the President Elect faces. Stephanie, thank you. When the conference starts, we will be across it here on the bbc. In other news volkswagens management and Supervisory Board are expected to meet later on wednesday to sign off an agreement with the Us Department ofjustice and customs. A Draft Settlement has been reached for a 4. 3 billion fine which would draw a line under the emissions cheating scandal. The german car maker also said it would plead guilty to breaking certain us laws. The company has admitted Cheating Test on its vehicles and already agreed 15 billion in other settlements. Prosecutors in the United States have charged three uk based former Currency Traders with trying to rig Foreign Exchange rates. They worked atjp morgan, citigroup and ba rclays. In 2015 the three banks as well as rbs paid 2. 5 billion in fines after pleading guilty to conspiring to rig Foreign Exchange rates. Lawyers for each of the three have denied they did anything wrong. The uk authorities decided not to bring any charges after looking into the allegations. The turkish lira has hit new lows against the us dollar. During asias morning trade it fell another 0. 5 to reach almost 3. 8 to the dollar. Its one of the worst performing currencies in the world over the last 12 months. The economy has suffered because of continuing conflicts with kurdish militants and so called islamic state. On tuesday Turkeys Central Bank took action to try and prop up the lira. Some Breaking News on our bbc live page. There is a story about food. The uk company whitbread apologised over its beef lasagne. Apparently there were reports that its beef lasagne included pork which some people dont eat for religious reasons. Whitbread said some menus had not been properly updated. It issued an apology for that. It is a big player in the uk. It has many outlet including brewers fair and costa coffee chain. It is quite an interesting story. Prosecutors in south korea have said in the last couple of hours that lee jae yong who is the de facto head of the samsung is now a criminal suspect in the Corruption Inquiry that has already led to the impeachment of the countrys president. Steve evans is in seoul. Steve is in the south korean capital. Steve, tell us more, this is pretty major in terms of the developments on this story. The allegation is that samsung paid 18 million to a fund in germany controlled by the best friend of the president of this country. And the allegation is being investigated that in Return Samsung got the votes of the National Pension fund for a big restructuring of the company. In 2015, the ruling family wanted to merge two bits of samsung. Outside shareholders said thats only so you can strengthen your hold on the company. It is not in the interests of the shareholders. But so the allegation goes. The National Pension fund put its votes behind the family. The prosecutor now thinks that that maybe because it had given money to the friend of the president in the first place so. Thats the allegation. The herir to the company and his father has been told to appear at the Prosecutors Office at 9. 30am on thursday morning. So it is a very serious turn of events and potentially very damaging for the company. All right, at the end of whats been a very damaging time for them. Well talk to steve on thursday, im sure, as that unfolds. In asia they had a good day. Japan and hong kong up. Lets look and see how europe is faring. Weve got vw shares up in frankfurt. It isa shares up in frankfurt. It is a big day for volkswagen. In london weve got the supermarkets dominating. Lots of news coming from the big retailers in the uk about how they fared over christmas. Sainsburys shares up 3 and morrisons shares up 4 . Well talk about that in detail in a moment. Thats a dominating story this week for the uk retail. Lots happening in the us. Weve mentioned Donald TrumpsPress Conference. Lets hear some more from michelle on what wall street is watching. As well as Donald TrumpsPress Conference where he is expected to discuss the future of his businesses, the coppic of Conflict Of Interests is likely to pop up. Rex tillerson. Rex tillerson released a 38 page Financial Disclosure filing. Senators will want to probe his sta nce senators will want to probe his stance on russia as well as his relationship with Exxon Mobile The Oil Giant where he served as Chief Executive until this year. Just to give you an example. If the Trump Administration lifts russian sanctions exxon mobile would be able to move forward with deals worth billions. Lawmakers will want to make sure Rex Tillerson is working in the interests of the us people and not for his former people. Former company. Joining us is richard fletcher, Business Editor of the times. What impact has there been on the dollar . We have seen the dollar strengthen in the last few weeks and months, overnight, we saw it full back against a basket of currencies, but not against the pound. The market will have one eye on trump today. The expectation for the us economy, the market appears to have concluded many of his policies will be good. It is a boost but, there is the fear about protectionism and what it means for trade and what it means for the us relationship with china. It is quite interesting the World Bank Global outlook was out today and that outlines the real uncertainty about the us and what impact it will have on the global economy, but interesting what michelle said, i think, for the first time, more than ever, not for the first time, but more than ever, we have got this issue of Business Interest and being in that senior position and it is notjust as michelle said, donald trump, it is Rex Tillerson as well, head of exxon mobile. Although we have had lots of announcements on twitter, we havent had many public announcements, we havent had a big conference. It will be fascinating for the markets. Algorisms are really having to adapt to the tweets, arent they, that policy seems to be indicated by Donald Trumps tweets and they are having to adopt to that, like we have with news wires in the past . There is a pause between the first tweet or the second tweet. He is either slow at typing or keeping us in suspense. Uk retail, a big week . We had next last week which was disappointing and morrisons yesterday which was good. Sainsburys today which was good and tomorrow we get Marks Spencers and debenhams and tesco. At the end of tomorrow we conclude whether in the uk it was a good christmas or bad christmas for retailers. Reports that wall mart in the us is trying to restrict ture. Restrict ture. Richard will be back in about five minutes. Hes not done yet. We have got some good stories to discuss including the hushmie weve got a story that comes out of a movie. Our next guest is feeding babies around the world. The supermarket sainsburys said it had a record christmas week as it releases its latest trading update. The company said it saw 30 million transactions and £1 billion of sales. Theo leggett is in our Business Newsroom. So a good christmas then, but was it all good news . Well, if you look at the market reaction, investors are certainly impressed. I like having a spectacular graph. Look at this one. Sainsburys shares up nearly 8. 5 so far this morning because analysts we re far this morning because analysts were expecting the figures to be worse. On the surface, as you said, theyre good. £1 billion worth of sales, 30 million transactions. Dig into the figures a little bit more and it is not quite so rosy. If you look at like for like sales, so sales that are comparable to the same period last year, they were up just 0. 1 and overall sales, only up 0. 8 . Nota just 0. 1 and overall sales, only up 0. 8 . Not a spectacular performance, but think about it, this is a sector which is involved in a price war and there are all sorts of uncertainties and pressures like the fall in value of the pound which is likely to push up of the pound which is likely to push up prices. So it will have come as a relief to sainsburys and other retailers that the Christmas Period seems to have been pretty good. The British Retail Consortium were telling us yesterday that the last week before christmas, with christmas falling on a sunday, so christmas falling on a sunday, so Christmas Eve being a saturday was better than expectedment so overall, there is optimism even though if you look into the figures, theyre not actually that spectacular. No what about the year ahead . Actually that spectacular. No what about the year ahead . The big thing hanging over sainsburys like other companies is the decline in the fall of the pound. Pushing up the price of the pound. Pushing up the price of imported products. Buying in pounds becomes weaker. Sainsbury say they are prepared. They say the market remains competitive. The impact of the devaluation of sterling remains uncertain, but they are prepared. Can you think of anyone who might need a hush me . No idea what youre talking about. Mit world . Idea what youre talking about. Mit world . Am i too old . Idea what youre talking about. Mit world . Am i too old . Is a lot more on the website about sainsburys, morrisons, how we are faring in the uk. Youre watching Business Live a reminder of our top story donald trump is getting ready to unveil what steps he intends to take to make sure his Business Interests dont conflict with affairs of state. Lets ta ke lets take a look at the markets. Slight drop across the board. In europe anyway. Follows on from a record winning streak, particularly for the ft se 100. Record winning streak, particularly for the ft se100. Nine straight sessions in a row where there was again. Well above that 7000 mark. Volkswagen shares in germany, repercussions that they are settling a. 3 repercussions that they are settling 4. 3 billion with us repercussions that they are settling 4. 3 billion with us authorities. When our next guest came across a factory in Northern England making baby formula it didnt seem like a particularly glowing prospect. Business was slow so slow, in fact, that its owners were planning to shut it down. But he was able to see the potential and managed to secure a deal to buy the factory. Next followed a deal with china which was just recovering from a scandal over contaminated infant formula. China now makes up one third of the companys business. Quite a good move. The Raw Materials are all sourced locally using 220 farms in the region to provide the milk. And the business is expanding its now branching into the profitable health sector. And ross mcmahon, the boss of Kendal Nutricarejoins Me now. How did you manage to get into china . The how did you manage to get into china . The holy how did you manage to get into china . The holy grail. What did you do . How is the approach different to getting into the uk supermarkets . researched the market for five yea rs, researched the market for five years, a researched the market for five yea rs, a lot researched the market for five years, a lot of the Research Done before i bought the facility. I work with the state owned company, orient international. I met mr chang, a great man, working closely with him over the years. Waiting patiently to buy the facility. Launching the product in august, in 4000 stores, by february in 6000 stores, 90 of china. When you were in discussion with the Chinese Business people, china was coming out of a terrible baby milk scandal. Chinese made baby powder was causing babies to be extremely unwell, some actually died. That had an enormous impact on the thinking of every mother in china. Tremendous loss of confidence in chinese domestic product. Really looking all over the world. Britain has the best quality milk on its doorstep. I would imagine other countries would counter that australia importing a lot of product. We saw the opportunity to put natural Raw Materials