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Marketplace Morning Report for Tuesday, October 2, 2012

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Lloyd Blankfein, chairman and CEO of Goldman Sachs, sits down with us for a rare interview. Blankfein says he supports the Dodd-Frank financial reform and warns that the U.S. risks a hit to its reputation as a global business leader as legislators battle over the impending 'fiscal cliff.' And, with the first of the presidential debates coming up tomorrow night, we check in on what younger voters will be watching (hint: not the debate), tweeting, and liking on Facebook.

PODCAST: Goldman Sachs CEO says U.S. must act responsibly on fiscal cliff

New York's attorney general is suing JPMorgan for fraud over mortgage-backed securities. Goldman Sachs CEO Lloyd Blankfein sits down with us for an exclusive interview. Whispers and nameless sources this morning are signaling Spain is preparing to ask the European Central Bank and its creditors elsewhere in Europe for a sovereign bailout.

Is 'bailout fatigue' creeping up in Europe?

Whispers and nameless sources this morning are signaling Spain is preparing to ask the European Central Bank for a sovereign bailout causing bond and equity markets in Europe to zig and zag throughout the day.
Posted In: spain, Europe debt crisis, bailout, Germany

JPMorgan sued over mortgage-backed securities

The New York Attorney General is suing JP Morgan Chase over mortgage-backed securities peddled by its Bear Stearns unit, leading up to the financial crisis.
Posted In: JP Morgan Chase, Bear Stearns, mortgage-backed securities

JPMorgan civil suit could be a game changer

JPMorgan Chase is facing a new law suit: civil fraud charges in New York state, over mortgage-backed securities. How does this case differ from potential criminal charges?
Posted In: JP Morgan, mortgage-backed securities, Bear Stearns

Retailers expecting strong holiday sales

This morning the National Retail Federation predicted modest growth for holiday shopping this year -- up about four percent -- and automakers are expecting another strong month of sales.
Posted In: holiday shopping, retail sales, auto sales

Goldman CEO Blankfein warns 'fiscal cliff' threatens confidence in U.S. economy

Lloyd Blankfein, chairman and CEO of Goldman Sachs, says the U.S. risks a ratings downgrade and a hit to its reputation as a global business leader as legislators battle over the upcoming 'fiscal cliff.'
Posted In: Goldman Sachs, Lloyd Blankfein, Dodd-Frank law, fiscal cliff

The end of the Great Migration: Foreign companies look to China's interior

Foreign companies searching to lower costs have found inland Chinese cities like Chengdu to their liking. The city offers a range of perks to companies to relocate there from China's coast, and skilled workers originally from the region are returning home as a result.
Posted In: China

Millennials get their favorite TV and the debates too

Young viewers might watch the CW channel during the presidential debates, but they'll still keep up with politics via social media.
Posted In: 2012 elections, debate, Obama, romney, millennials, televbision