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Business

Trump's empire poses possible conflicts of interest

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Opening sequence

Business

Trump's empire poses possible conflicts of interest

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COMING UP:Trump's empire poses possible conflicts of interest

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00:00:02
>> Donald Trump's complex web of businesses could create conflicts of interest the likes of which we've never seen in the White House. It's not unusual for presidents to enter the Oval Office with considerable wealth. But Reuters' correspondent Joseph Ax says the Trump empire is different.>> What makes this totally unprecedented is the sheer volume and the nature of the businesses, the number of investments he has, the scope of them, kind of globally, coupled with the fact that we know almost nothing about them.
00:00:30
>> What we do know is that Trump holds properties in delicate corners of the globe like Turkey, the Philippines, and the United Arab Emirates. Some items under the Trump brand are made in countries including China. And then there's Russia, where it appears Trump likely has investments.>> We have no idea whether a Trump presidency might seek to shape foreign policy towards any number of foreign countries in a way that might benefit his investments cuz we don't know much about those investments.
00:01:00
Presidents are not prohibited from being involved in private business while in office, but in recent decades most have placed their personal assets in blind trusts run by independent advisors to avoid the appearance of any conflicts. Trump has said he would likely transfer operations of his business to his children.