china's concern for the u.s. economy...why it's pushing for america to be more responsible with our fiscal spending.. and should we be afraid of china's threats? plus, from yahoo to microsoft....the competition among internet search engines heats up...but do they have what it take to lure users away from google. and...finding happiness during this gloomy economy....why one expert says now is the time to look for the positive....it's all ahead on this edition of first business. welcome to the show everybody thank you for joining us and let's bring matt shapiro of m w s capital joining us from the options exchange. it looks like the stock market is continuing to like what they are hearing from companies reporting second quarter earnings results. this morning we are going to have

some big names at&t american express ups and microsoft after the close and i think this is going to put points on if we can get to the century mark that with and stalking best of distance. cochran did so with initial claims this morning and the new home sales existing home sales will see if we got enough information a positive news to push us over the top. hurt the markets are a critical levels of trying to build on the 2009 highs and certainly the jobless claim that has been a market mover in the past will see how investors take the news on thursday morning think so much matt shapiro of m w s capital well see later in chart talk. debate over who should hold the power of systemic risk regulator....will take center stage on capital hill. on trsday, the heads of the fdic and securities and exchange commission will answer questions from the senate banking committee - about

fine tuning the framework for controlling systemic risk in the financial system. lawmakers are in the process of forming a blueprint for that powerful position. this week, the president submitted his proposal to congress - obama wants the federal reserve to be the systemic risk regulator.. overseeing large financial companies. but s-e-c chief mary schapiro says most of important decisions should be made by a *council of financial regulators - which would be responsible for setting standards for liquidity, capital and risk management. the s-e-c chief is proposing the systemic risk regulator have a *narrow authority to carry out certain actions only in extraordinary circumstances.... but otherwise... any action should be decided with input from the council of regulators... that's according to the sec chief. next week, high ranking chinese and u-s government officials will meet for talks in washington - and china is expected to again push for a

stable u-s dollar... china has long been concerned about the falling value of the dollar - the country holds almost one trillion dollars worth of u-s treasury securities. next monday and tuesday - treasury secretary tim geithner and secretary of state hillary clinton will meet with chinese government officials - who said they will ask the united states to adopt responsible economic policies... and make sure government spending does *not get out of control. some experts on china believe the united states needs to take these warnings serio - because china does have the power to dump u-s treasury securities.. i'll say what was said about the soviet union.. you can always trust communists to be communists.... they will act as a communist dictatorship... the stability of the us is irrelevant to them except that we absorb their exports - they are an expansive power." says while its economy is still growing at more than 7% - it is just 1/10th the size of the u- s economy - which is why fears

of chinese dominance are unfounded... he believes china will *not be able to pull the u-s out of this recession - because the chinese don't have the capacity to import products from america. "in terms of importing american cars, trains.. american computers, no they don't have the capacity to lead the us out of the current recession. it's the other way around, the us recovery will lead the chinese recovery" paul tinari adds.. that because of china's 1 child policy - that country will get old before it gets rich - because he says 1 person will be supporting 6 individuals... as google works to take on microsoft with the recent announcement of its chrome operating system, yahoo! and microsoft look to take market share away from google on its dominant turf of internet search. this week yahoo rolled out a new homepage and microsofts new bing search

engine is generating some buzz, but will that be enough to lure users away from the popular google site? independent analyst brian bolan joins us with his insights. they do so much for being here. thank you for having me. these new developments have the change? first and the awful perspective you have a site redesign on the front pages very important site for y'all very important part of the company could brings users end and the first thing they see it is the basis for most of their searches the redesigned as aggregate's other data and bring together your face book idea may be a my space are your ebrd's but it doesn't affect certain all that much and it doesn't affect the search results at all. cal has the new research and exchanged? it is a definite surge in genetics exposed who front-page it has set calls but because of the new rival, also is gaining market share. is to gain market share from ghoul or

from your home? is gaining market share from both but more market share is coming from the awful been it is global. recently released numbers that showed the search was down the global in at y'all pool and was open market soft. in the actual percentage decrease in market share was only visible to y'all who was a visible and will share. could is always been microsoft's idea that they want to combine with y'all who to fight the superior number one is a situation where one vs two bet that buyers will have a clear choice when or the other in a situation where one vs two and three is to add by year's are buying most from one and 2135 for the scraps and that we have seen the about the last couple of years. anything new on the y'all marks of film front? there's a lot of talk about the

deal quickly and y'all who has stated that they are interested in dealing not an outright sell the company microsoft has said much as well you have to imagine that after the recent results prom both y'all: global especially the disappointing search results financially for y'all who that any deal that would have been in the works is now being prices even lower. y'all list also lost its title from face book and more users are spending time on face book building their website how does that change the picture of the search? it changes the perspective that there's less time the user is on the yacht will pay as compared to we face book site. best opportunity to go to a surge or sell and at. at scare refreshed automatically after a minute or two minutes or more. the more time spent on site the more as you can display to a user so the more

time the person is or phrase book opposed to y'all baltimore as will the delivery of time to display as his trunks. lest x display. from an investor perspective take a look at the awful short term or long term? mobil for long-term is good in the short term is put the business is strongest right now that's the one you favor all the other two? absolutely. y'all who in the short term is in good and i think the long-term is getting worse. i think for microsoft the short term is decent and the long-term is getting much better. independent analysis think for your insights. thanks for having me paul. still to come a best-selling author explains how you can turn negatives into

postives during this tough economy. but first, tim mulholland of china-america capital joins us from the c-m-e group. is there any chance that we can turn our resident bear into a bull? cattle think you're going get any better or bulls were still in a downtrend which you have to realize is that we're in a trading market credit to come on the upside is 3 month old trading range. more after the break.

welcome back everybody tem of 10 american capital with us from the cme group over talking about the china affected. china saying that they're concerned about the state of the u.s. economy calling for a stable u.s. dollar. the really think china would dare to the on u.s. treasuries? i think they'll buy less of them as it when it was indicated they're looking to deploy more resources and prestige it activity overseas but what they're really concerned about is getting

their dollars back into one piece in other words the monetary or quantitative easing and reflation one make sure the economy is what they hold is coming back to them one piece. and add to this question does china's steel survive on the appendix of united states? no. there's too much growth hormone in time if you look at the makeup of the last she d quarter you have retail sales growing at 15% you have a middle-class of to propose million board to 400 if million- plus i think the united states or the bull story in the u.s. is the broader increase our exports from the one country where you have to have a strategy to do that is in china because nowhere is there greater consumption potential been china. and ok i have another question for you? pakistan still a bear? we have been questionable about this growing and rebounds as marta or are you giving up we're bearish sentiment yet? overall matter what you call yourself from the top of 55 to the low of

665 you can trace a third of them moved up truly you're still in a bear market were still in a bull trend right now because of the stimulus and ideas that the economy is turning around. kabul for right now you may get dips but dips should be box and we're gonna break out and upside entry to a thousand a little over 9000 in the dow but i think what you have to remember is that in the fourth quarter there is a lot build on this economy been a normal recovery in is what be anything but normal because companies right now have to show that they can grow their top line. and right now they have shown they can cut costs but to sustain this thing in to get a bull move duquesne you need to get the wind at your back and we'll have the wind at our back right now fundamentally. let's move on the best trade for the second half of when you to pick one place where you will want to put to money in the second half of 2009. would it be? it just one place?. yes just one place. i will say the tax sector because

technology looks like it has something building here and i think there some cash and i think they have a chance to make some good and roads. what about the small stocks rose to 2000 small cap stocks? i'd rather be in technology are like small-cap in china. well thank you so much for your insight tem of china american capital. thank you as always. still ahead finding happiness during these tough economic times....some tips from a life coach when we return after the break.

from rising unemployment to depleting savings accounts...not too many americans are feeling happy these days. tom hudson sat down with author and life coach, karen salmansohn, to discuss how people can still find happiness in this very depressing economy. your job may be on h. in your nest egg may be depleted practice in a leaking in your house may not be worth what you pay for not exactly a recipe for a happy and stable life. if karen along with us now she is a career coach and ran a couple of books about happiness in relationships she's with us now in a pretty good time to be in the business of happiness considering so much unhappiness seems to be out there. unfortunately i am very busy but i'm helping other people be happy and i think it's working. i think it's working i feel that i have some advice to bounceback and is helping a lot people. as the latest but the talk about it does on bookstore shelves the talk about those ideas here. there is so much adversity out there but the fact of the matter is most people are current on their mortgages 90 percent of americans do want to work are still working best the bright side of things right?

right. which is one of my things i said to stock happen this in all of life practice which usually gets people laughing right away so they feel happier from the get go. one thing that people are depressed they ask themselves the pressing questions which keep them depressed like why me why didn't i is no way you can answer those questions happily. so why suggests is to stop in a swap for positive questions that carry direct them to happier answers what what can i learn from this help and i quote from this was a good opportunity and how was this adversity something that concerned me and make me a better person. whiskey and those questions is that the first person pronoun and i think that takes responsibility in some cases for instance home owners that get in over their heads and when our coverage there are folks want to take personal responsibility instead blaming bankers and mortgage lenders and others that extend credit and now we're dealing

with problems opposed to owning up to the fact that they bit off more than it can chew. i definitely say you have to own your problems to be able to this on your problems if you wanted preferably staff you have to take credit for some self responsibility and some bad stuff. what's interesting is the leader of the world of media group cash where people shop and spend and what immediate gratification is now showing up in a one immediate gratification of solutions to their problems. sometimes you have to be patient and know that if you keep doing the right habits in the red balls over time you will see change. people are really eager to see things much quicker than what the results can be what the present situation and lives are. the natural question about the business of happiness in the business of what you do you've been writing books about relationships and happiness in psychology that during the boom years 1919 and 2009 during the break recession has your message changed and how has the

reception of the message changed? that's a really good question that's a first question i think that people are in the state of crisis right now and that's good news in that because some people aren't even open to change until there in crisis to think that motivate people to change either magnetized beamed or pleasure payments crisis which is now more in an magnetized pleasure is when you get excited about losing weight or if you have a high school reunion where they have a kid in the want to make money for college education so prices were now is motivating people to do differently for a permanent change prefer your business model you're selling more books than you did during the bubble? i am. people really are want to change delights which is good. happily there are people who are saying about immediate gratification there are some things and the bounce

back book that i see people can do immediately and people want immediate gratification they can improve your mood. even there are some was simple 30 minute walks to take each day that duke university said 30 minutes of walking is a fact of when increasing mood as taking anti-depressant another thing is to take a supplement because when you're stressed and you're not eating right sammy gets depleted in your body so if you take tablets they help boost grumbled and help stabilize your mood in the start to work within seven to 14 days which is pretty quickly. we'll leave it there best of luck with the new books and no doubt due to come out here over the next several years. a ssrelationship and career coach. coming up matt shapiro of m w s capital back with us for a chart talk. he's highlighting another stock on his watch list. next.

welcome back to attract top matt shapiro of m w s capital with us and you are highlighting a stock that you have your eye on. one stock i really like for viewers out there this is a small-cap company, under the radar is called greco the symbol is a key dg based in minneapolis and this is not the company that makes baby strollers. what makes this fluid handling equipment specifically sophisticated machinery that applies pink foam insulation especially to the car refinishing in the home building and home repair business. this is a stock is currently having your portfolio with to consider adding to with? considering the stock is around $25 a share? absolutely. i ball some yesterday in the game with earnings last night the war ahead of expectations obviously

sales and profitability are down because of economic crisis but it is a company that's been in business a long time to and it's very profitable and a dozen have a lot of competition. asked to the know it pays 8% dividend. one thing that investors need to look for are these nice solid small to mid cap companies to put into your portfolio because they are really going to help you capitalize on the rebound in market. a of a point of the year to date before mr.% so not a great but it is up 3% since stay rare in going back to years the stock has been stable until this recession hit stop to think you again for your insight on the stock matt shapiro of m w s capital think you for joining us everyone is well.

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