To put lebanons vineyards back at the top table. And, bad maths skills could be costing us as much as £1 billion a year. Let us know, have your maths skills ever resulted in you getting a bad deal . Just use the hashtag bbcbizlive. Welcome to the programme. Us President Donald Trump has only been in office for 12 days but hes already turned every president ial convention on its head. Temporarily banning immigration from seven countries may have emboldened the president s supporters but it has been condemned by many nations. Leading experts now say those International Relationships could be further tested and even result in a trade war if mr trump follows through on his radical plan for tax cuts. There are around 2. 5 trillion worth of us profits currently overseas held by some of the biggest us Companies Like google, microsoft and apple that would get hit by some of the highest tax rates in the world at 35 if they were repatriated now. Donald trump has proposed three areas of tax reform. A one time tax rate of 10 for Companies Bringing money earned in other countries back into the united states, hes also talked about a cut to 15 in us tax rates to improve competitiveness, and potential border taxes on firms that Outsource Production of goods abroad. With me is our Business Editor simonjack. You were talking to some of those in the know about this recently. Businesses have been very enthusiastic about the proposed tax reforms . Yes, the less Tax A Company pays, the more of its own profits it gets to keep, and the more valuable the company is, and you have seen share prices rise since the election. But crucially, trillions of dollars are held overseas, and getting those back, there is a massive disincentive. The Chief Executive of the Boston Consulting Group sits on Donald Trumps policy forum, he explained what is keeping the money overseas. That creates a discouragement to bring it back, you leave it overseas, you show bring it back, you leave it overseas, you show higher earnings, because you have not pay taxes on it, but the money cannot be put to work in the us, so it creates challenges the companies. Most of the rest of the world does not operate that way, and there has been pressure for years. It is by both parties, the system is antiquated, but the gridlock has prevented any action from being taken. Trillions coming back into the country would be good for the economy . It depends on what you have it. If it came back into the country and you put it to work on Building Factories and hiring people, that would be one thing, but some people fear if they buy back shares and the Financial Engineering with it. Depends. You would see the dollar shirt as well. If you move to put 5 trillion in a short order, something will happen, there will be some sort of disturbance. Christopher smart is a former adviser to barack 0bama, he explained what the problems could be. The potential is for a great deal of instability, both on the Financial Market side and on the political side. For the Financial Markets the issue is a large amount of money destabilising things, but the political issue has to do with the potential for retaliation, and areas that we have been removing start going up again, it could lead to a trade skirmish. This is the problem. People cannot figure out whether donald trump is good or bad for american business. We have this story about Washington State following through with legal action against the travel ban that was signed off last week. Companies are unsure what it will mean for them. There is no such thing as a tax free lunch. Anybody that has you reform is simple is crazy, occurs lots of administrations have tried to address the issue, without success. Businesses are cheering less regulation and lower taxes. Putting boulders up, that is the one thing that could throw sand in the engine of the global economy. And the travel ban. You have seen some of the Big Tech Companies come out strongly against this, google, people walking off campus. We knew that tech was anti this in the first place. What is more interesting, some of the big banks are getting involved, sending a text to the Goldman Sachs employees, saying, diversity is at the heart of what we do. Business was excited about tax and regulation reform, but these barriers being erected, they think it might be a barrier to trade, and that is what might go the wrong way for them. A lot more from simon on our website. In other news. Royal dutch shell says it will sell some of its uk north sea assets to the oil company chrysaor for up to 3. 8 billion. Around 400 staff are expected to transfer to chrysaor once the deal, which is subject to regulatory approval, is confirmed. Deutsche bank has been fined 630 million by us and uk regulators for failing to detect and stop a russian Money Laundering plan. Under the scheme 10 billion was moved illegally out of russia via share sales. Deutsche bank says it is cooperating with regulators and has put aside money to cover the cost of the settlement. Japans central bank has finished its first meeting of the year by leaving Interest Rates unchanged, but upgraded its forecasts for the worlds third biggest economy. The Bank Of Japan cited rising exports, easy Lending Conditions and stronger Government Spending ahead of the 2020 olympics for the improvement. The strong yen is causing difficulties for some of japans biggest companies. They are feeling the pain today. Sharanjit leyl is in singapore. It is causing problems. Some of the biggest names in corporate japan are posting results, and it is a less than stellar report card. We heard from canon, their profit tumbled in the last three months of last year, hurt by the strength of the yen after the brexit decision. Its Operating Profit fell 25 , following the uks vote to leave the eu. We have heard from sony, it is more than just the sony, it includes movies. Their movies failed to excite cinemagoers at the global box office, so they are having to take a hefty write down on the value of their movie business. It is due out with its results this thursday. Their movie business. It is due out with its results this thursdaylj did with its results this thursday. did see angry birds, but i was not their Target Audience us stocks saw their biggest selloff yesterday since the american election. The markets looking unnerved by President Donald Trumps travel ban and protests. The dollar was down and the japanese currency the yen and gold gained as investors looked for safe havens. A rise in the yen often pulls down the nikkei, and you can see its biggest daily decline since november. In europe, figures out this morning showed an unexpected fall of almost 1 in retail sales in germany for the month of december. However, this indicator is often revised. But lets find out whats ahead on wall street today. The Federal Reserve, americas central bank, starts its two day policy meeting on tuesday. The fed has forecast three rate hikes this year, but it is expected to leave rates unchanged at this meeting. This is the first since donald trump became president. The fed lifted Interest Rates in december by 25 basis points. Apple will be reporting earnings on tuesday. It seems the revamped iphone 7 will give the tech company a boost. Apple is predicting record Level Revenues for this quarter. Analysts will be looking out for comments on the Smartphone Industry and expectations for the next iphone. Finally, exxonmobil, the Worlds Largest publicly traded oil producer, will be benefiting from rising crude prices and it should be reflected when it reports Fourth Quarter results on tuesday. Joining us is james quinn, group Business Editor of telegraph media group. A busy time in the us, it seems to be orientated and around the us, especially with asian markets closed. Markets yesterday were focused on the travel ban, imposed late on friday, eight. Have a chance to react friday. The dowjones having its worst day since the president was elected in november. The bump was surpassed last week, but now investors are questioning whether or not the momentum can to continue. Whether or not the momentum can to continue. It is only a little bit down. Not terrible, it is all about momentum. A slew of results coming out today from Corporate America and over the next week, so we will get a test of how the big culprits and the economy are doing, as opposed to whether the president will be good for the economy, the hopes and dreams. What impact are we expecting the president to have . There is the question of Whetherjanet Yellen can remain as Federal Reserve chairman, thatis remain as Federal Reserve chairman, that is up to the president and congress. The fed will take a balanced view and hold rates. A rate hold is expected from the Bank Of England as well. Centralbank week. It is also tech week. We have snapchats parent compa nys it is also tech week. We have snapchats parent companys ipo. It is also tech week. We have snapchats parent companys ipo. M you are a central bank watcher and a tech watcher, this is your week. We will see you again soon. He got away with me asking about his maths skills, we will tell you why later still to come. Well get the inside track why wine is making a comeback in lebanon. Youre with Business Live from bbc news. Britains commercial Aerospace Industry is celebrating its sixth successive year of growth, thats according to figures released this morning. More than 1,400 planes were completed in 2016, and it raised £27 billion for the uk economy. Paul everitt is the ceo of the trade body ads. What could happen once brexit kicks in . We do not tend to produce whole planes in the uk, we are integrated ina european planes in the uk, we are integrated in a european system. Brexit will be a big challenge for us. We have a long Cycle Industry and we have record order books are fed of us, something equivalent to seven or eight years of work at current rates. It is not an immediate problem, but we need to use the next two years to get the conditions right for a successful brexit, both for the uk right for a successful brexit, both forthe uk and right for a successful brexit, both for the uk and our European Industrial partners, because we are an integrated industry, with complex Supply Chains, so for us the brexit negotiations are important, but we believe they can deliver a successful outcome for our industry. Can you be specific about what a successful outcome is . Is that being out of the Customs Union or being firmly in the Single Market . There are firmly in the Single Market . There a re key firmly in the Single Market . There are key priorities. The number one is remaining part of the European Aviation safety agency, the Regulatory Regime for aerospace in europe, because that, in addition to providing our route to market, it is the organisation that negotiates technical equivalence with major partners in the us, china and other parts of the world. The Regulatory Regime is important, and achieving this Frictionless Trade is also important. We are not impacted by ta riffs important. We are not impacted by tariffs in the way the car industry is. The cost and administration of multiple border crossings, because our Supply Chains are integrated, our Supply Chains are integrated, our products are developed and produced in many sites across europe before being brought together either here and then exported out elsewhere. Thank you very much for your time this morning. So good news for the british Aerospace Industry. Youre watching Business Live. Our top story as many big us businesses rally against president trumps travel ban, one of his top economic advisors tells us that they should repatriate billions in overseas profits so they can put that money to work. A quick look at how markets are faring. They have been open for 45 minutes and you can see actually they are all in the green. We mentioned some Retail Sales Figures out in germany which were disappointing for december, but it doesnt seem to have had that much of an impact on investors. Now, think of the global Wine Industry and places like france, california and south africa will probably spring to mind, but one of the oldest Wine Industries in the world is to be found in lebanon. The countrys civil war caused a lot of disruption for the sector. Well, now there is a revival of interest and our next guest is part of that. Hes the boss and head wine maker of Domaine Des Tourelles. The company was founded way back in 1868 by a french engineer, making it the oldest winery in the country. Its thriving, producing 300,000 bottles of wine a day and 350,00 bottles of the local alcoholic drink, arak. Sorry 300,000 bottles a year. But just think about this the syrian war is raging just 20 kilometres away. Faouzi issa is Managing Director and head wine maker at Domaine Des Tourelles and joins me now. There is two families that run this company now. Yes. And you are from one of those families . Yes, we are two families running the winery. We area two families running the winery. We are a committee of four younger team all from the 30s, so we are the Youngest Team running the oldest winery. I bet youd love to be making 300,000 winery. I bet youd love to be making 300 , 000 bottles winery. I bet youd love to be making 300,000 bottles a day. would be the leader worldwide m making 300,000 bottles a day. would be the leader worldwide it is an interesting story. It goes back many, an interesting story. It goes back any an interesting story. It goes back many, many years with the french influence at the beginning, but now it is purely a Lebanon Wine Grown by two lebanese families, isnt it . Domaine des tourelles is a wine that was the first winery to launch a ready bottle to the market because at that time it was producing wines for the monks. Today, we are putting lebanon back on the Map By Producing High quality wines and most of the people everywhere in the world, they dont know that lebanon has wine. Well, thats what i was going to ask you. Being in lebanon, it is not a traditional wine making region. What specific challenges do you face being based in lebanon . Its a fabulous work because you are really taking something exciting, something sexy to the world. Tell them, listen, you know, all the negative things maybe about this region, but come on, taste some good wines. Taste some Great Potential we produce in lebanon. This is what were produce in lebanon. This is what we re really produce in lebanon. This is what were really trying to make and were really trying to make and were succeeding. Were in 17 countries today. Your vineyards, where you are, is eight kilometres away from an enormous refugee camp full of syrian refugees. You are keenly aware of the 1. 5 million refugees in lebanon. Your population is over four refugees in lebanon. Your population is overfour million. Refugees in lebanon. Your population is over four million. What impact does that have, if any, on what you do . The security impact, but globally, i mean, thats fine. I mean we are the closest country to syria so we are the number one responsible country to solve their problems. If they want shelter, were ready to cope with this. There is no direct impact on our business exactly, but of course, on in the long run it might be catastrophic. You cant employee any of the refugees, can you, because they havent been processed and theyre not in that position . No. Syria is one of your main markets, you export to syria . We export a lot to iraq as well. Now days a syria, big Quality Industries are down. They stop producing so they are importing lots of Niche Products from lebanon. Tell me about your arak, how many bottles of arak do you produce and tell me about the aniseed . Of arak do you produce and tell me about the aniseed . We produce 300,000 about the aniseed . We produce 300 , 000 bottles about the aniseed . We produce 300,000 bottles of arak a year. We are the leaders in the market, in the niche category. We use anna seeds. It is a cocktail, isnt it . It isa seeds. It is a cocktail, isnt it . It is a spirit