I must have a defective Pebble. At 6:25PM Pacifc time I set the Pebble to 6:25PM
At 9:26PM on the iPhone the Pebble says the time is 9:45PM. Both the Pebble and the iPhone say they are connected. They have been side by side since 6:25PM.
As far as I know I am running the latest watch firmware. It is new out of the box on Monday.
Bottom line. I guess I should just return the watch.
Thanks for you attempt to help me.