Roundtable Round 1, CNNfn.

Publication: Finance Wire

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Original Source: MARKET CALL

CHRISTINE ROMANS, CNNfn ANCHOR, MARKET CALL: Time to kick off the "Roundtable." By my side, my guest host today, Bob Hormats, Vice Chairman of Goldman Sachs International. Also here, Ron Scherer, New York Bureau Chief of the "Christian Science Monitor."

Let`s start first with you, Bob, and talk a bit about holiday shopping. It`s really important. We have conflicting information about whether it`s going to be a great holiday season or not. What are you expecting? What is the consumer likely to do?

ROBERT HORMATS, GOLDMAN SACHS INTL.: Well, the consumer, I think, is still cautious, in part because even though they`ve gotten big tax benefits in the third quarter and even though there has been at least some...

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