Marketplace Morning Report for Friday, May 21, 2010

Following weeks of debate, the U.S. Senate approved its version of the financial reform bill Thursday -- bringing Congress one step closer to passing the most sweeping overhaul of the financial regulatory system since the aftermath of the Great Depression. Follow our coverage of how the bill differs from the House's version and what it may fail to address.

This week, Sarah Gardner has been reporting on a controversy surrounding carbon sequestration -- the idea of burying global warming emissions deep underground to keep them out of the atmosphere. Now she reports on how the debate over the technology is making for strange bedfellows.

Lawmakers from North and South Carolina are about to introduce a bill in Congress that will step up enforcement against so-called counterfeit textiles. Those are brands labeled "Made in the U.S."

In a 60-second poem, Bill covers this week's top news: Stocks seek a retreat, BP responds to critiques, a tough week for the euro, financial reform, Iceland's volcano and Facebook shares your data. It's the Marketplace Minute.

Proposed restrictions on trading could take a big bite out of bank profits. And some analysts say that could hurt the whole economy. Amy Scott reports.