The following video is from Tuesday's MarketFoolery podcast, in which host Chris Hill, along with analysts Jason Moser and Joe Magyer, discuss the top business and investing stories.

Verizon's (NYSE:VZ) fourth quarter featured a record 2.1 million additional subscribers and nearly 10 million activated smartphones, yet the company still lost nearly $2 billion for the quarter. In this segment, the guys analyze why both Verizon and AT&T (NYSE:T) are getting hammered with legacy pension costs.

The relevant video segment can be found between 0:48 and 6:27.

For the full video of today's MarketFoolery podcast, click here.

Chris Hill, Jason Moser, Joe Magyer, and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.