U.S. stock futures are rising ahead of earnings from Apple, General Motors and Under Armour; Netflix CEO Reed Hastings offers his qualified support of AT&T's deal to buy Time Warner.
With all signs indicating the iPhone 7 saw a strong debut, markets will be paying close attention to what Apple's outlook says about expectations for the holiday season.
Wireless competition, landline disconnections and cord-cutting are all taking a toll on AT&T. Time Warner is in better shape, but perhaps only for the near term.
Shares of T-Mobile USA and Sprint surge as vertical consolidation strikes the telecom and media industries.