it does appear that verizon, falling out of favor amongst investors who seem to be favoring att righthe competitive wireless market seems to have having an impact. the company saying a lot of things were a factor. not necessarily the fact that they were trying to come down to meet the likes a t mobile. we know sprint as well in the marketplace marketplace. subscribers pretty good. 1.1 million. a lot of them were tablets. again, a good number. fios not as good. there was an expectation to add more subscribers. people are looking at unbundling and streaming, those internet subscribers also a bit lighter than expected. churn very good. nobody is going to quibble with that but it comes back to concerns about overall competitiveness in the market. they addressed some of that on the call and the decision to take revenue down from 4 % to 3%. verizon, utx, pressuring the dow not nearly as pressured down barely at all this morning. >> and the nasdaq higher as we've been seeing. let's talk more about the market. with ibm weighing on the dow. joining us with more is the cio at merrill lynch. is