In the day’s other top news, Wall Street sagged over the debt ceiling debate and a Muslim-American soldier has admitted to planning an attack on Fort Hood in Texas.

Foreign direct investment (FDI) flows to South Africa slumped by more than 70% to just .6-billion in 2010 from .4-billion in 2009, the United Nations Conference on Trade and Development (Unctad) ‘World Investment Report 2011′ shows.

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Tim Bennett, Deputy Editor of Moneyweek www.moneyweek.com shows you where to look out and how to spot the warning signs a company is in trouble. Examining Southern Cross, the UK’s biggest care home operator which recently announced it will be shutting down and closing its 752 care homes, Tim Bennett explores their financial accounts and reveals the red flags that investors shouldn’t have missed.

Daily market recap for stocks, commodities, options, currencies and more. Host Tom O’Brien gives you a recap of the day’s market action and tells you where the markets are headed

Why there is a common consensus regarding investment banking that you must have M.Sc in Finance and be top of your class, but if you check companies websites for careers and the people there are bankers with different educational backgrounds.

www.costaricainvest.ie James Cahill from Costa Rica Invest discusses Costa Rica, its economy, real estate and introduces NatureWalk and Hacienda Pafica. To find out more about investing in Costa Rica visit www.costaricainvest.ie

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Bonehead Petey as usual goes on with his idiotic ramblings about Fed money printing being the cause of all prices rising etc. – and denies that speculators are involved – until Lauren Lyster asks him “So, if quantitative easing and easy money are driving the rise in commodities, isn’t it investors who are taking that easy money and investing it in commodities?” …..You guessed it right? No answer, haha. So this bonehead thinks that if you print some money, miraculously prices just go up. What a dumbshit. That’s like saying Smith & Wesson makes some guns, therefore they are responsible for all the people dying in wars. Not to mention that as I have pointed out many times, M3 money supply is contracting not growing. Petey – the capo di tutti of all dumbshits.

7/28/2011 – CNBC Stock Market Squawk Box (Initial Jobless Claims). Initial jobless claims dropped a very sharp 24000 in the July 23 week to 398000 for the first sub-400000 reading since early April (in a partial offset the prior week was revised 4000 higher to 422000). The four-week average of 413750 is down a steep 8500 in the week for a nearly 15000 improvement from the month-ago reading, a comparison that points to improvement for the monthly jobs report. Continuing claims have also been coming down, down 17000 in the July 16 week to 3.703 million. The unemployment rate for insured workers is down one tenth to 2.9 percent. One factor that may cloud today’s report is uncertainty about retooling in the auto sector, a factor where timing is always hard to gauge and where uncertainty is even greater this year due to ongoing production cutbacks tied to Japan. Minnesota, where the government is shut down, is also a special factor though the state did not provide any related details this week. Yet given that the Labor Department isn’t citing any special factors, today’s report offers badly needed good news for the stock market.