Marketplace Morning Report

(Global Edition) From the BBC World Service ... President Trump arrives in China today after saying that the world needs to cut off all trade ties with North Korea. What will China's leader Xi Jinping think of Trump's tough trade stance? Then, more revelations from the leak of tax documents known as the "Paradise Papers." This time, it's the southern African country of Angola that's in the cross-hairs. Afterwards, it's the one-year anniversary of India's so-called "cash ban." The country withdrew 80 percent of its big currency notes to try and force hidden, un-taxed cash into its banking system. We go to one village that was supposed be the model – but where cash is still king.

(U.S. Edition) Millions of leaked documents known as the "Paradise Papers" show how the very rich are using offshore accounts in tax havens. One of the companies cited in these leaks: Apple. We'll look at how the company had shopped around for a tax haven after a crackdown on its tax practices in Ireland. Afterwards, we'll discuss some of the provisions buried in the GOP's tax bill meant to appeal to social conservatives, and then talk about a growing increase in the number of longer-term car loans.

(Markets Edition) On today's show, we'll recap a major misstep made by the Tax Policy Center. The nonpartisan think tank has retracted an analysis on the GOP's tax plan after a staffer found a mistake related to the Child Tax Credit. Afterwards, we'll look at how the Paradise Papers show Apple has found a new tax haven with the island of Jersey. Adam Rosenzweig, a law professor from Washington University in St. Louis, tells us some policy changes that countries can implement to address this issue. And finally, we'll talk about China's scramble to ensure there'll be nicer air as part of President Trump's Beijing visit. How does a country even go about doing that?

(Global Edition) From the BBC World Service ... More revelations from the leak of more than 13 million confidential tax documents from the offshore law firm Appelby — this time it's Apple that's in the crosshairs. What's the world's biggest company being accused of? Then, although there's no official definition for a tax haven, the island of Guernsey — between Britain and France — has often been considered one. While the crown dependency has not been named in the Paradise Papers leak, the island's chief minister speaks out, calling it a "political move" to publish stories related what he calls "stolen documents." Afterwards, oil prices are hovering near two-year highs. When we talk about the price of oil, we typically mention the European oil price, Brent crude, and the U.S. oil price, West Texas Intermediate Crude. Why?

(U.S. Edition) As part of an anti-corruption drive, dozens of Saudi princes and businessmen are under arrest in Riyadh. We'll take a look at some of the key players involved, and how this could affect the planned IPO of  Saudi Aramco, which could become the largest-ever public offering. Afterwards, we'll look at a leak of documents, known as the "Paradise Papers," that indicate U.S. Commerce Secretary Wilbur Ross has previously undisclosed business ties to an energy firm owned by friends and family of Russian President Vladimir Putin. And finally, we'll discuss the upcoming House Ways and Means Committee "markup" meeting over the GOP tax bill, along with China's growing role in the fight against climate change.

(Global Edition) From the BBC World Service ... In a move that he says was meant to clamp down on corruption, Saudi Arabia's new crown prince Mohammed bin Salman has jailed over a dozen princes and ministers (though the jail, it should be said, is the Ritz-Carlton) — causing surprise and consternation among the international business community. That's because one of those jailed is Prince Alwaleed bin Talal, who has invested heavily in U.S. companies like Twitter, Apple and Citigroup. Afterwards: they're being called the "Paradise Papers" — a leak of more than 13 million documents that has revealed the investment secrets and tax avoidance strategies of the world's biggest companies — and richest men and women, including U.S. Commerce Secretary Wilbur Ross. Then, U.S. President Trump has complained about Japan's unfair trade policies during his visit to the country. Could this jeopardize Japanese-American trade negotiations?

(Markets Edition) A senior figure at America's central bank — William Dudley — is leaving the New York Fed after eight years. Julia Coronado from MacroPolicy Perspectives is here to explain the importance of this regional branch to America's monetary system.  Then, we'll chat with Marketplace senior correspondent Krissy Clark about the new season of our documentary podcast "The Uncertain Hour." She chats with us about this season's theme: federal regulations. Who do they protect? Who has the power and access to write them?

(Markets Edition) The October jobs report is officially in, and the numbers reveal that the U.S. added 261,000 jobs last month while the unemployment rate dipped to 4.1 percent — the lowest in 17 years. We'll look briefly at whether this labor market is doing as well as it seems, and then chat with Glenn Hubbard, former chair of George W. Bush's Council of Economic Advisers, about the divisiveness surrounding the House GOP's new tax bill. Will this potential tax overhaul actually promote growth? Afterwards, we'll discuss the history of the alternative minimum tax, which this bill wants to ax, and how it works. And finally, we'll give an overview of how the CEO of local news websites Gothamist and DNAinfo has decided to shut them down after a union vote.

(Global Edition) From the BBC World Service…Venezuela’s president announced he’ll try to restructure the country’s debt payments in order to offset the effect of low oil prices from the last three years on his country, which has relied heavily on oil revenue. Then, with data leaks almost commonplace, and government storing more personal information in cyberspace, we explore whether privacy issues are the same for various parts of the world. Afterwards, we’ll take you to the London Metal Exchange to meet enthusiastic traders still partaking in day-to-day trading operations … and find out how much life the so-called open outcry model has left.

(U.S. Edition) The House GOP has finally released its plan for a new tax code, which we'll be trying to decode in the coming days. The first item on our agenda: looking at what Republicans want to do with mortgage interest. The proposed bill would limit the deduction on that to the first $500,000. Afterwards, we'll discuss how Republicans want to treat "pass throughs," where your company's profits are taxed as your income. And then to cap off today's show, we'll chat with Greece's former finance minister Yanis Varoufakis about the eurozone and his issue with Greek people being viewed as a separate group from Europeans.