What to Watch in the Day Ahead - Wednesday, Aug. 5

Media company Twenty-First Century Fox Inc reports results for the first time since James Murdoch took over as CEO. Wall Street expects the company to post fourth-quarter earnings of 37 cents a share, down from 42 cents a year earlier, according to Thomson Reuters I/B/E/S. The company is facing a weaker advertising market, ratings declines at the Fox broadcast network and tough comparisons for its film studio.