Two major unions go on strike against Verizon disrupting new service installations.
At this point, the strike is mainly isolated to the wireline business insulating the investment impact.
Verizon will continue trading weak as the strike and the Yahoo bid impact shareholder sentiment.
Due to the market focusing on the Yahoo (NASDAQ:YHOO) bid, Verizon Communications (NYSE:VZ) isn't getting much attention regarding the union strike. The Communications Workers of America and the International Brotherhood of Electrical Workers went on strike on Wednesday and even had Democratic presidential candidate Bernie Sanders attend a rally.