Boom Bust: U.S. adds Alibaba’s Taobao to counterfeit watchlist

America’s largest pension fund CalPERS is lowering its targeted rate of return. How does this affect cash-strapped cities in California? Ameera David has the details. Then, Bianca Facchinei takes a look at a new report showing Google may have avoided over $3 billion in 2015 taxes by using offshore havens. After, Lindsay France examines why the U.S. is adding part of Alibaba back onto a counterfeit watchlist.

Following the break, Gary Leff of and View From the Wing gives his takes on airlines offering new sub-coach airfares and cramming more passengers into the same amount of space. And finally, in The Big Deal, Edward Harrison breaks down investment fees killing returns.