The second hand points to the letter that indicates the result of the last time adjustment operation that was performed by receipt of a signal or connection with a phone.

[Y(YES)]: Last time adjustment operation successful.
[N(NO)]: Last time adjustment operation failed.

The day of the week hand indicates details about the receive (acquisition) operation.

“P”: GPS signal time or phone time information and location information
“N”: GPS signal time information or time calibration signal