BILL HEMMER, CNN ANCHOR: About 87,000 workers at Verizon Communications spending a third day on the picket lines, as we slowly make the transition here. Peter Viles now with us right now from New York to talk more about this, and what it's all about. Any progress, Peter? Good morning to you.</s>PETER VILES, CNN CORRESPONDENT: Good morning, Bill. No reported progress yet. Talks have continued this morning, which is a good sign. They went until midnight about last night, which a good sign. You don't talk unless you have something to talk about. But no reports of progress, no breakthrough yet. At the same time, no impasse yet. And what the analysts on Wall Street, who are covering this pretty covering this closely, but not getting all bent out of shape about it, are guessing this is a several day strike, that it is not going to last forever. They have had a lot of strikes at these phone companies, and they usually don't last a long time.</s>HEMMER: Peter, Give me some ABCs, what do the workers want? what would make them happy?</s>VILES: They are upset about outsourcing, the company using non- union workers to do jobs in the past that have been done by union workers, particularly installing the high-speed DSL Internet lines. They are also -- they want a chance to organize unions within the wireless division of this company, which is the fastest growing division of the company. It is almost entirely none union. Those are the two biggest issues, not really about wages and benefits, but about the future of the union, and the jobs at the company.</s>HEMMER: Also, Peter, checking the stock now for Verizon, 41 1/2, down almost 7 point thus far today. So, indeed, and impact there. We'll track it.</s>VILES: Actually, Bill, quickly, the stock is down because the company disturbed Wall Street today with disappointing earnings projection for next year. The strike was in the stock yesterday, no impact yesterday. But today bad news on earnings is hurting the stock.</s>HEMMER: All right, a little bit of a one, two punch. Peter, thanks, live in New York.
Verizon Strike Continues into Third Day