Aug 1 - Results from Time Warner, Mastercard and Avon as markets look to the Fed.
Ahead -- the money to make up and it. Hi tech dancing. Later in the show. Welcome to three Times Square this Wednesday from Reuters world headquarters in New York. Treading water Miriam Webster's defines it as quote -- active without making progress or falling further behind. It may be apt description for market sentiment for much of the day. Dow NASDAQ S&P openings tightly higher today. While major European markets are not to hire. The focus on the Fed the US Central Bank coming out with its latest policy decision around 215 this afternoon. Economists say could push back its guidance for when it sees the need for rate hike some holding out hope for more stimulus. Though that would require chairman Bernanke to upstage the -- Kansas City fed event in Jackson Hole later this month. -- my battleship. That's what executives at Comcast may be saying today. The movie lock at the box office -- media giant's quarterly results. But growth in its Internet and help customers save today leading to a better profit overall. Declines across the board -- and Time Warner with revenue missing expectations. Advertising to a slightly but below the rate of other media firms meanwhile MasterCard revenue also -- as consumers curtailed spending. Checking the stocks right now. Comcast about a half percent time -- down about a percent and a half and MasterCard down about 3%. The declines continues act Avon our daily did you hit. Minus 70%. The fall in the make up company's quarterly profit. It's sold fewer items and lost more sales representatives. New CEO Sheri McCoy -- say hurt turnaround plan will quote take time. Avon basing investigations. Over possible bridesmaid overseas. Shares near 52 week low of 1489. -- -- -- How's this for a master stroke Michael -- the most decorated Olympian of all time making him our power player of today. Phelps earned his eighteenth and record nineteenth metals with a silver in the 200 meter butterfly and gold in the four by 200 meter relay. But at least one former Olympian is not impressed. Sebastien Kyle former gold medal winning runner for Britain and she the one games. Says Phelps is -- probably not the greatest Olympian of all time who is he didn't say. Coast LP owed about Mitt -- public is that the -- chances of success. Phelps for his part so part seems unfazed. What's and a name well potential problems sales like yes. When it -- changed his name to whatever that symbol is and Puff Daddy started going by PG. With that reggae album due out the rapper was -- -- -- lion might rest of Marion priest at a recent trip to Jamaica. The better ring to it and his real name Calvin broadest junior. And finally. Do the robot. And that hopefully masses of metal cut the rug in Chinese competition. Walter and fox. Not too bad twenty ninth student teams from around the world putting their robots to test. A team from Mexico university taking the top prize. That's the latest from three Times Square this Wednesday you can follow us on Twitter at letters inside and check out letters YouTube channel. At Reuters dot com slash CB. I'm Lisa Bernhardt and this is life.