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.
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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.
Posted In: spain, Europe debt crisis, bailout, Germany
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: Goldman Sachs, Lloyd Blankfein, Dodd-Frank law, fiscal cliff
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: China
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.