Marketplace Morning Report for Tuesday, April 27, 2010

Episode Description 
Marketplace Morning Report for Tuesday, April 27, 2010

Goldman Sachs faces Congress

Goldman Sachs executives are testifying on Capitol Hill on the SEC's fraud charges and e-mails that indicate the investment bank knew the housing market would crash. Stacey Vanek-Smith explores the case with Gillian Tett of The Financial Times.
Posted In: Investing, Wall Street

Irrational people make irrational market

How does human psychology affect the financial markets? Bill Radke talks to Justin Fox, author of the book "The Myth of the Rational Market," who also appears on PBS's NOVA series.
Posted In: Investing, Wall Street

Turnaround coming for U.S. car sales

Auto analysts anticipate an increase in U.S. car sales as the economy picks up again. Many of the new vehicles will also be manufactured domestically. Jill Barshay reports.
Posted In: Auto

Stricter credit impacts rapid tax refund

Last year, more than 8 million people got tax returns early through rapid refunds, loans which tend to come with high fees and interest rates. But the Fed's clampdown on credit could kill those loans off. Alisa Roth reports.
Posted In: Taxes

BP accident likely to hurt oil growth

BP's latest offshore oil drilling accident off the coast of Louisiana is the deadliest mishap of its kind in the U.S. in 40 years. The incident will likely give a boost to anti-offshore sentiment. Stephen Beard reports.
Posted In: Oil

Tourre testifying on Goldman fraud

A Senate hearing will focus on the role of Fabrice Tourre in the fraud charges against investment bank Goldman Sachs. Tourre's testimony will have a major impact on the outcome of the case. Jeremy Hobson reports.

EPA looks for biggest energy loser

The Environmental Protection Agency is holding a competition with commercial buildings and schools to find out who can shed the most kilowatt hours and thermal units in their energy usage. Sarah Gardner reports.

Derivative reform struggles in Senate

The financial reform debate focusing on derivatives returns to the Senate today after discussion of the bill struggled yesterday. Bill Radke talks to Marketplace's Nancy Marshall Genzer about where the tension lay on the Senate floor.
Posted In: Investing