Are you taking a break from the booze after the excesses of the Festive Season . Well meet one man who hopes to turn abstinence into a business opportunity. But can non alcoholic drinks really take over from The Real Thing . During yesterdays metro strike in london, uber prices surged by up to 500 . Are companies right to reflect increased demand . Or do price hikes leave you feeling ripped off . Let us know what you think. Welcome to the programme. There are just a couple of weeks of Barack Obamas presidency remaining, and later today he gives his big farewell speech. As well as being commander in chief hes also overseen the worlds biggest economy for the last eight years. But what kind of legacy has he left . Well, since his inauguration injanuary 2009 more than 11 million jobs have been added, with the Unemployment Rate falling from 7. 8 to 4. 7 . It peaked at 10. 0 in 0bamas first year in power. The typical American Family brings home nearly 54,000 a year. Thats almost exactly the same as 20 years ago, once you adjust for inflation. Wage growth has been very low under 0bama, and has been called the missing piece of the recovery. The economy has grown about 1. 5 a year over the course of his presidency. That compares to about 2 under his predecessor george w bush. One of the costs of that has been that Us Government debt has nearly doubled, from 10 trillion to 20 trillion, during 0bamas eight years in the oval office. Marianne schneider petsinger, us Geo Economics fellow at chatham house, a think tank in london. If you ask any president , you would not want to take on that economy. If you were a teacher, you had to grade him on his economic, what grade would you give him . Overall, lets not forget where he started. When you talk about the economy, it was on the brink of depression. He averted that, it was just a recession. Compared to when he took it over, he has done a solid job, but it was not anything spectacular. If you compare him to other president s, he falls in the middle range. Some may suggest it did not fall into depression because they threw a lot of money at it. They pumped a lot of money in. Some say not enough, though. Pumped a lot of money in. Some say not enough, thoughlj pumped a lot of money in. Some say not enough, though. I did not catch the wage growth. It is the missing link. You have created these jobs, they lost a lot but they created some. Why hasnt wage growth gone 7 some. Why hasnt wage growth gone any some. Why hasnt wage growth gone f some. Why hasnt wage growth gone up . Many of the jobs that were created were in low wage sectors. There is pressure from overseas and from technological change, automation is a key worry or stop many of these jobs had that have been created are part time. Many people feel they are not making headway. There are a number of issues that go together. How do you think barack obama will be feeling . There are a lot of big issues, like his health care or trade deals, which may not be lasting. How will he look at this . He hopes that with some democrats still in support of the things he has done, they will be attem pts the things he has done, they will be atte m pts by the things he has done, they will be attempts by the Donald Trump Administration to overturn them, to chisel them down, but we will see, it is an open question. We have spoken before, looking forward, donald trump and his economic policies, there is a lot that people would look favourably on. Animal spirit is back. In terms of the promised tax cuts and cutting down on regulation. Businesses react favourably to that. They question whether he can deliver on many of those promises. In other news. Two Prototype Models of a highly anticipated Gaming Laptop have been stolen at the Consumer Electronics show in las vegas. They belong to the Gaming Company razer, and each has three 4k screens. Its the first portable laptop of its kind. Razer said the devices were taken from its press room on sunday, and the chief executive Min Liang Tan said they were treating the case as industrial espionage. Volkswagens chief executive for the north America Region says the company was surprised by the criminal charges laid against the executive in charge of complying with us environmental regulations. The german carmaker has admitted installing secret software to beat emissions tests. On monday 0liver schmidt appeared in court in miami charged with fraud and conspiracy over the scandal. He chose not to enter a plea and was remanded in custody. There are question marks about the future of yahoos influential chief executive Marissa Mayer after it was revealed she will not serve on the board of the company that is left behind once yahoos core assets are sold to verizon. Five other directors will also not serve on the board. We are looking at our web a cracking site. We will work with our uk audience later, but snapchat, or the company snap, which owns it, they are choosing the uk for anything outside the us. It isa outside the us. It is a vote of confidence in the uk. If those Companies Come to europe, they go for ireland. Says the irish lady luxembourg, The Netherlands. Could this be something to do with the fine that apple could be facing, 13 billion tax rebate . It could be. Snapchat expected to go to the market this year. A big float. It hopes to raise 25 billion. Weve had some numbers out of china which show that the worlds second biggest economy could be about to push up the prices of the things we Around The World all buy from china. Sharanjit leyl is in singapore and shes got the figures. Just explain, how could these increases in china affect us as buyers elsewhere in the world . Will it cause our prices to go up . Possibly. Let me give you those figures, because they are interesting. They grew at their fastest pace in more than five yea rs. Fastest pace in more than five years. The index for december was up 5. 5 from the previous year, against expectations of. That could lead china to export inflation two nations Around The World through its vast supply chains. This may prompt manufacturers who are enduring those higher input costs to raise their prices and pass them on to everyone Around The World. Whether that rebound will be sustained depends on how the Global Economy fares, possibly under donald trump, and whether trade tensions flare between the us and china. Consumer prices remain stable, rising just over 2 . 0thers remain stable, rising just over 2 . Others say that is an indicator that the real inflation seems restricted to the industrial sector. Hard hit is the mining sector, prices surged over 21 in december from is the mining sector, prices surged over 21 in decemberfrom a year earlier. The us dollar started 2017 at a high but its been sliding, along with the dow on wall street, which closed down yesterday. And asian stocks were mixed, with a decline injapan. The nikkei pretty flat, offsetting gains in hong kong, with the hang seng up. This week we should keep an eye on the oil price. It crept back up today after a fall on monday over concerns about whether output cuts by major exporters will be enough to support the oil market as other producers have increased supplies. And Samira Hussain has the details about whats ahead on wall street today. More Automotive News happening, General Motors will be telling investors what they can expect from the number one American Auto maker in 2017. Top officials will present the compa nys Financial Outlook in 2017. Top officials will present the companys Financial Outlook at a butcher Bank Conference in detroit. It is held at the same time as the detroit auto show. Also happening, the Ford Motor Company ceo will outline forecasts for 2017 Financial Performance at a conference during the detroit auto show. Investors will be watching for news on 2017 American Market forecasts, as well as the outlook for asia and europe. And barack obama will deliver his Farewell Address in his home city of chicago. Joining us is james bevan, chief Investment Officer at ccla investment management. We wa nt we want to talk about the American Market. But lets talk about the ftse 100, market. But lets talk about the ftse100, the main market in london. 0ne record after another, but this isa 0ne record after another, but this is a story about the pound. The pound goes down in value, the ftse goes up. A very large chunk of the earnings are overseas, either through export all through selling overseas, and bringing the earnings back. Whenever the pound goes down, profits go up, and vice versa. More bang for the buck. The American Markets, all eyes are onjanuary the 21st, the President Elect takes over. In the uk we have the weakness of the pound, in the us we have a strong dollar, and many people think, if you are going to talk about markets going up on the wea kness about markets going up on the weakness of the pound, white is it that american equities have gone up with a strong dollar. Donald trump is promising to cut tax substantially. Corporate earnings will rise because the government will take less money. If you join the dots on the current valuation and you should be tax cuts passed straight through to the bottom line is terms of earnings, the index goes all the way. It is an overly optimistic perspective, but if you said, lets cut the difference between some deflation of the optimism and a revaluation on the back of that earnings numbers, maybe 2500. Looking at how the markets have gone up in the states, a lot of it is on sentiment, we now know donald trump will be the president , and he will invest in infrastructure and he will invest in infrastructure and cut down on regulation and taxes. 0nce and cut down on regulation and taxes. Once he is in power and things either do or dont begin to happen, at one point at what point will be see a Reality Check . Have at least six months, because he will have to take the tax cuts right through the process, and we dont know if you will backdate them to early 2017 awful the date them to 2018. But the markets would begin to focus anyway forwards. All of the sentiment we have had for the Global Economy has been good, that has to remain in place, because it fits begin to slide back down the hill, no matter of Cutting Taxes will lead to better numbers. The us Equity Market is looking for 5 growth this year and next year, and that is what we have to focus on. We will see you shortly. Were all getting a lot more Health Conscious these days, but can non alcoholic drinks really take the place of booze . Well hear from a man whos hoping to capitalise on the trend for adult soft drinks. Youre with Business Live from bbc news. Snap, the Company Behind messaging app snapchat, is setting up its international hq in britain, where it will book all sales made outside the uk. Many tech firms have preferred ireland, luxembourg or The Netherlands as their european tax base. Theo leggett is in our business newsroom. Snapchat, why this decision, it bodes well for the uk economy and for london . A lot of social Media Companies like facebook and Google Have Run into trouble over setting up have run into trouble over setting up tax bases in lower Tax Jurisdictions in europe and then diverting profits from other large markets into those jurisdictions diverting profits from other large markets into thosejurisdictions in order to minimise their tax bills. So schnapping is not doing that. They are setting up in the uk and theyre channelling they are setting up in the uk and they re channelling the they are setting up in the uk and theyre channelling the profits from theyre channelling the profits from the uk first of all, but also from other countries where they dont have a major base and that includes australia and saudi arabia and paying tax on them in the uk. Now, that tax bill at the moment wont actually be very high because snapchats revenues are not that high at the moment, but it is expanding rapidly. It is taking on more advertising and it is expecting its revenues to go up in the near future so there will be more money coming in and the money will be going through the uk. Lets not forget. The uk itself as a major economy has a low Corporation Tax rate. 20 at moment. It will fall to 17 by 2020. So by doing this, schnapp is avoiding the prospect of big regulatory problems, like like the uk government and the European Commission clamping down on companies which have aggressive tax policies and at the same time, its basing itself in the uk where it has a relatively low Corporation Tax rate. So i think thats whats behind it. By the way, some of our viewers may not be familiar with snapchat, it is an app aim at younger people. If youre under 25, younger people. If youre under 25, you almost certainly will have heard of it. If youre over 30, maybe you wont, but thats changing as well. Snapchat allows you to take pictures and videos and send them and then have them deleted. It is becoming more popular among people the same age as myself and dare i say it, you too, aaron. Im older than you theo thanks, mate. Morrison, christmas sales up. They are doing well, arent they . Good news for britains fourth biggest supermarket. Youre watching Business Live. Our top story, president obama is getting ready to make his farewell speech. Hes expected to focus on his economic legacy especially the issue ofjob creation. A quick look at how markets are faring. We can see there the ftse continuing that winning streak up and up, pretty much every day since the start of the year. It is up almost 0. 2 . The dax up and the cac down slightly. All the markets keeping an eye on the oil price which had its biggest fall in six weeks over concerns that some producers are making too much oil despite the 0pec agreement. You do like the markets lets talk about something more interesting before i spit on the desk now lets get the inside track on distilling and i dont mean bootlegging here quite the opposite. Herb and plant distillates have long been a medicinal tradition in the east but when ben branson, a british tee total Marketing Executive stumbled across a copy of the art of distillation. He says it was a light bulb moment. A solution to the problem of what to drink when you dont want to drink. So inspired by Craft Techniques he set up soft drink company seedlip last year. Since then seedlip has gained investment from Drinks Giant Diageo who seem to be betting on the rise of this adult market. The founder and chief executive of seedlip, ben branson is here. Guess what, he brought us . Nonalcoholic drinks sorry, im probably not your Target Market here. Welcome to the programme. Are you serious from a book . I know youve got the book, right . From a book. Ladies and gentlemen, this book. Ladies and gentlemen, this book is 1664 . The original copy was 1651. We managed to get our hands on a copy from 1664. This is original recipes, nonalcoholic Herbal Remedies all the distilling techniques that i found three years ago. So what prompted you . Was this something you were thinking i want a business opportunity, i can see a gap in this market . Was it that you we re gap in this market . Was it that you were doing Something Else that brought you into making Nonalcoholic Beverages . It was not a business gap, business opportunity. Seedlip is just gap, business opportunity. Seedlip isjust a product gap, business opportunity. Seedlip is just a product of my upbringing. Halfify family have been farming for over 300 years and we still farm today and thats really important. The other half of my company are in brand design. I grew up in the countryside and then went to work in brand design and i put the two together. You have an unusual, did you go to university . No. No. You did Work Experience for a big Vodka Company at the age of 14 . did Work Experience for a big Vodka Company at the age of 14 . I was doing Work Experience for Brand Design Agencies from the age of 14 and got to work on some fantastic global brands. And so got a real insight into what it means to create one. I imagine the biggest booze maker in the world, diageo, investing in you, which is kind of strange, but i