April 26 - It's the busiest day for earnings this week and already investors are smarting from disappointing results from UPS and Exxon.
I head corporate America sings the blues on Wall Street and find out how one lives in saint. Hollywood. Welcome -- three Times Square this Thursday from Reuters world headquarters in New York it's the busiest day for earnings this week and already. Investors are smarting from the weak earnings by two key players in the yes indeed for stepped. UPS the world's largest package delivery company missed forecasts. With e-commerce eroding its bottom line. Still UPS says it feels good about the US economy and that Asian exports is that the pick up later this year. And Exxon's profits fell on slump in production the world's largest publicly traded oil companies that hope. To recover some IKEA like 2016. Both are trading lower before the bell. Now but don't forget about Amazon after the close. The shopping giant is set to see profits fall from a year ago as it focuses on investments. Drama into the stock overvalued by 160. Bucks. 388000. Battered -- did -- -- also how many jobless claims he saw in the US last week. If dig down from the previous week but -- very short of expectations. Economists were looking for a drop to 375000. And -- surprised turned heads -- -- the forecasters says that the particularly disappointing is still lives are hostages at the recovery. Is not stalling just yet. When it comes to the collapse of parts of his media partners or boss Rupert Murdoch is putting the blame firmly on his staff. He's our power player of the day on the second day of testimony at London's high port 81 year old mogul says rogue reporters conspired. To cover up phone hacking at the now defunct news of the world orders actually throw Austin covering this story. So -- noticed any change in tone for a -- -- No I don't think his tone has changed Fred good time he's clearly coming out on the offensive blaming as you said news of the world report as. Or a -- culture among those reporters for conspiring to cover up the -- acting. -- exonerating those same time all those close to him or any knowledge. Of any knowledge don't blame. -- he did though admit that he was constantly guilty of not paying enough attention himself having said that I saw parts of this a -- Paul Larry said. Look at and it's -- should be responsible for every word -- -- papers but suffer for products I you Rupert Murdoch it is a much -- a job to keep an -- crossovers titles. Clinton pointed questioning today frequent flashes of annoyance from mount up but generally your main pretty confident. The little irritated that are both go to the other extreme AstraZeneca is CEOs stepped down. After reporting up for sales. What's a company thing about how to turn itself for a. While no a lot of my mentality yeah you're right David Brennan and the CEO of the UK's second biggest drugmaker AstraZeneca. Eyes is for Leone sword if you like he'll step down June 1. Off the rising anger among investors that the companies before we do know hid -- the contrast with -- Yahoo! whose passion and is played as. As -- he's pretty much ignored investors clamoring for him to sell out the loss making titles. -- AstraZeneca recently started doing deals but I investors say is it too little too late they presented become too reliant on prescription medicine and -- diversified enough. Will always here's -- changes strategy at the company is saying now to at least for now. All right we want to thank -- In Hollywood wannabe stars posed by pools hoping to get discovered but -- cat. This is showbiz you've got to have a gimmick. Veto has already had cameos on the cold bear report and 30 Rock. But you don't wanna move to the silver screen so they had the Beverly Hills where dozens catwalk on a -- On posh Rodeo Drive that until now the tough nut to crack for animal. Actors agencies monopolizing casting so -- he's doing it his way. Like shaking office. So far no cat calls for this -- That's the latest from three times where this Wednesday I'd read I -- this is what's.