Jenny Horne turns to the morning earnings starting with Verizon (VZ), which saw an increase in wireless revenue but reported higher postpaid phone subscriber losses. Verizon also voiced concerns on tariff uncertainty. In the defense space, Jenny points to a sell-off in Northrop Grumman (NOC) after its earnings and revenue miss. It's a stark comparison to Lockheed Martin's (LMT) post-earnings rally.