>> i'm scarlet fu. >> and i'm joe weisenthal. welcome you to our closing bell coverage. every weekday. market minutes. modest declines for big cap names. at the nasdaq, the index has barely changed. you can see one third of 1% for the dow and the s&p. the russell 2000 worth mentioning. since august, off by 1.1%. are going to talk about sensitivity to the tax news. some of it may be showing up in the small cap. >> plenty of telco names to keep us occupied. one of the worst performers of the s&p 500, off by 1.5% as a group. this is after bloomberg had reported with other out it's that softbank stocks emerged, t-mobile has had a serious snag and that whole deal is now thrown into jeopardy after months of talk.