toyota as pries are recalled. could there be a problem with the corolla? >> how soon before grease needs a life line? >> what clean energy stands to gain. >> it's all ahead on "first business" approximate you're watching "first business," financial news, analysis, and today's investment ideas. >> the do you is back above the 10,000 mark. it's really been a choppy week in the stock market. coming up, the issues that are causing this tug of war on wall street. >> greece is causing part of the copiness on the market. >> more people out of work are finding jobs, so that's good

news today. >> investors are waiting to hear from the federal reserve. it's expected to announce how it plans to end liquidity programs so that it can keep inflation in check. >> new report from automotive news says toyota could have power steering problems on 2010 corolla models. there are 83 complaints that the national highway traffic safety administration in the past two years. those complaints involve 10 injuries from six accidents, stemming from power steering problems. the agency says it's reviewing those complaints to determine whether or not a formal investigation is needed. there's been no reaction from toyota yet. >> you're facing more hassles if

you drive a 2010 prius, which are in need of brake repairs. more than 14002010 lexus models are included. >> in yet another recall, toyota says more than 7,300 2010 camry models need to be inspected because of a problem with the power steering hoses. a total of 8.5 toyota vehicles have been recalled for problems including brakes, sliding floor mats and gas pedals. >> news for a greece bailout sparked a rally. the debt heavy country was feared to be about to default. it appears now help is on the way. news of a potential financial

bailout from the european union for greece sent stocks up. >> we have seen a significant move up on trade in domestic stock. the fuel for that is optimism about the greek becameout. >> the dow gained 150 points, moving back over 10,000. the market had lost 8% of its value as traders feared greece's financial shaky system could become contagious. >> it's a big concern market wide that if greece defaulted on their debt that would mean problem for other debtor countries. >> robert chirinko believes traders' worries were unwarranted. >> there's been a lot of

reaction in the markets, reacting to the uncertainty in the market. >> he puts greece's problems into perspective. >> what would happen in terms of the united states if the state of carolina were going to have to face debt. >> 113% of greece's gdp ties greece to netherlands and germany. at the chicago board options exchange, an unsteady feeling remains, despite of a greece bailout. >> it's definitely a situation where people are feeling the

need to protect themselves to both the downside and the upside. plans are expected to be firmed up at a european council meeting on thursday. >> more on the markets now with ben liechtenstein. ben, we've seen choppy trading in stocks. >> we are seeing a lot of chop trade, a lot of whip associated with it, markets coming off the lows. the news started to release about greece, i think we'll probably continue to trade under this cloud until we get some sort of certainty. uncertainty doesn't provide for a stable environment. >> what are you hearing from the trading floor as far as the selloff we've seen from january. could there be more to come or is it over? >> we're focused on a couple of key technical levels, looking at

1080. if we can get above it and make a hold, i think we'll see the bottom and have a floor, otherwise we'll test the extreme low of 1040. i'm a big one that always says that good lows always get tested. i'm in the camp that we'll look at that low and reevaluate whether that is a bottom or not. >> we'll see what happens. thank you very much. >> thank you. >> coming up on wednesday, we get earnings from boston scientific, coca-cola, intercontinental exchange and sprint. >> still ahead, the stock market is nothing more than chance? and the push for clean energy. that's next.

♪ don't it always seem to go ♪ ♪ that you don't know what you got till it's gone? ♪ ♪ they paved paradise and put up a parking lot ♪ ♪ ba ba ba ♪ la la, ba ba ba ♪ they took all the trees ♪ put 'em in a tree museum ♪ and charged the people ♪ a dollar and a half to see them ♪ ♪ now, now, now, don't it always seem to go ♪ ♪ that you don't know what you got till it's gone? ♪ ♪ they paved paradise and put up a parking lot ♪ ♪ ba ba ba...

♪ now, don't it always seem to go ♪ ♪ that you don't know what you've got till it's gone? ♪ ♪ i don't wanna give it, why you wanna give it ♪ ♪ why you wanna give it all away? ♪ join forces with environmentalists this week, pushing congress to pass a clean energy bill. marvin odum, president of shell oil discusses these efforts. why is the business community so engaged in the climate debate? >> well, i think if you let me just take it from the u.s. perspective, energy is so critical to the future of this country, and our success as a country. we don't think it's something you ought to just accidentally fall into. this should be a planned strategy. energy and environment and climate are linked. we have to work these two issues

together. we feel there are workable plans to create hundreds of thousands of jobs, be a positive for the economy, and we want congress to move forward on this. >> what do large companies get out of any clean energy bill? >> we're in a situation in this country where the future regulation are completely unclear, creating an enormous amount of uncertainty. if somebody builds a certain type of infrastructure or pieces of their industry, we don't know what charges will be there for carbon, stifling progress. that's not good for the economy or jobs in america. if you look specifically at oil and gas, i always get the question why are we here with a bunch of environmentalists talking about and energy future.

it seems like a contrary path. that's not the case. government should take the broad scope of energy, look at all the energy this country consumes and think about the transition it will go through over the next several decades to transition will take decades. we have to get the alternative energies to an affordable and available point in quantity. the missing piece that have conversation i just laid out there is what's the role for my industry, oil and gas over that period of transition. it's a very important role. we're going to require a loft oil and gas, and this country has the opportunity to produce more doug domesticically. let me go back to the point that

alternative energies are important to the future, to the environment. we need to recognize how long they will take to develop. we should go after that aggressively and develop those. the government has a role in promoting that type of technology and energy development. companies like myself, we're a business, and we're an oil and gas business today, we will be an oil and gas business for long into the future, but we also are an energy company, and we have our hands in other types of energies going forward. as an example, for us, when we think about the climates out of the equation, we have the opportunity to produce bio fuels at very low carbon content that we think can get to having an impact on the global industry quickest. >> do you support the idea that clean energy will actually create jobs? >> well, i do. let me be very specific why that

is. i'm going to use my industry as the example. if you take where the u.s. starts today and think about this multi-decade transition, then you think about how much energy that we import into this country as opposed to producing it here, our opportunity around job creation is let's produce more of our own energy in the conventional sources of oil and gas and others, and also in the cleaner technologies. so let's start this stream of alternative energy development and be very clear how domestic oil and gas resources are to us and we'll get jobs around that as well. >> some critics say putting caps on carbon could cause companies to move jobs overseas. what do you say to that? >> well, this is where, how we put together, now as u.s. cap, you mentioned the group and the lead is here in washington today talking to congress and the

administration, we spent several years putting together this blueprint for putting this together correctly. what it does are typically energy intensive and you have to have a specific program has allow that is phased in impact to those industries such that those industries have time to change as equipment wears out, you replace it with more efficient equipment. in that way, you preserve the competitiveness of this country and the industries that are in this country, and protect those jobs. >> this is definitely an important issue that congress is considering. thank you for joining us, marvin odum, president of shell oil. >> thank you. >> still ahead, one author says there are only two things you should invest hear his ideas, coming up. óóññ;ñ;ñ;xñxññ

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no pain, no mess. body rested. stress gone. mind sharp. because unisom gave you deep restful sleep all night. morning early birds. unisom. good night. good morning. navigate. daniel solin author of the smartset investment book you'll ever read are here. daniel, the stock markets of down 4% for january. i think it's a very interesting thing that i don't have a clue about 2010. if i speak to an investor who

says i'm worried about 2010, my response to that investor is you have no business being in the stock market at all. if you don't have five years where you're not going to need 20% or more of the money you're investing, you're just gambling. the bottom line here, beejal, is a lot of people like to talk like they know what's going to be up or down. nobody knows. that's why markets are random and efficient. >> let's talk about the issues facing us here, whether economic growth, whether that would be sustainable in 2010, governments struggling with huge debt loads around the world, the housing market still questionable. what has the biggest potential to affect the most. >> the bogging down of issues with economists in a room, they would all give you different

answers. one would say i think it's housing, the other would say it's something else if that nobody predicted the rebound that we had in 2009. i didn't read about anybody saying oh, 2009 is going to be a great year. all investors should focus on are the things they can control. they can control the division of their portfolio between stocks and bonds, because that determines the risk of their portfolio. they should take an as set questionnaire and they should ignore all the noise in the channel which is trying to predict the unpredictable. >> are there any investments that you would stay away from? >> i would always be invested the same in any market. i would own only two funds, one would be a fund that captures the returns of the global stock market, it would be an index fund like the van guard total market fund. another would be a fund that

benchmarks the aggregate bond index. that's all i would care about if i were an investor, capture the world stock market returns within the domestic bond returns, that's it. i'm not going to pick a sector that outplatforms any other sector. i am not going to own any individual stocks. investors following this plan would have had returns 400% higher than investors over the last 20 years than those saying trust me, i can pick stocks and tell you when to get in and out of the markets. i can tell you what sectors are going to out perform, it can't be done. >> what advice do you have for someone who planned to retire but lost most of their portfolio in the 2008 crash. i have sympathy for these people, it's like the perfect storm. we know how important the amount of money you start with, we know how important that is in

determining whether or not you're going to run out of money. what i would be saying to these people is first see if you have a claim against your broker. you were probably in much too risky a portfolio, but your broker didn't understand how to measure risk within and you're relying on the advice of your broker. defer retirement as long as possible. if you can hold on another two or three years before retiring, you can add 25% to your retirement nest egg. that's really meaningful. >> thank you for your advice. >> thank you so much. >> still to come, why

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to help avoid dental problems, act daily. morng, matt shapiro joins us. >> good morning. >> you're talking about one of my favorite topics today, gold. it has been a fascinating move in the market this year with gold. what do you think is ahead for us? >> barrett gold is one of the biggest gold producers in the world. it was up big yesterday when gold finally came back to about 10 extent five an ounce. it correlates with the stock

market. yesterday's stock market action with that cover we finally had from this correction and choppy trading puts gold to where i'm attracted to it. i'm buying shares in barrett gold at three or four months low. >> some people might have missed in getting in on gold and gold stocks at the right time. are you finding that now is the time? >> exactly. i'm kind of one of them. i'm not a big commodity. >> i wasn't going to name names. >> i've never been a big commodity's investor. when you can buy these stocks at about a two or three month low, that's a decent entry point, certainly far better than it was when everybody was playing the moment for instance, like barrett was $4,500.

i think there are some mitigating factors going against the commodity play right now. we definitely have this credit exposure all over the world that's going to affect things. once the broad market steadies and recovers, i think buying a gold producer as opposed to just the gold is something for me that makes sense, because i want to invest long term, of course. >> you are not alone in missing out on the big move in gold so far that's been going on. thanks a lot for bringing that to us, matt shapiro, always a pleasure. >> thanks for joining us for today's show. we'll see you tomorrow.

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