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Wake Up, Wall Street: What You Need to Know Before the Bell

U.S. stock futures are pointing to sharp drops for Wall Street when markets open Monday following the Trump administration's failure last week to push through a health-care bill.

This Is What You Need to Know Before the Bell:

1. U.S. stock futures were pointing to sharp drops for Wall Street when markets open Monday following the Trump administration's failure last week to push through a health-care bill. European and Asian stocks were tumbling Monday, and the dollar stumbled to a four-month low.

2. Advertisers are demanding prime space at discounted prices from Alphabet's (GOOGL) - Get Report  Google, after this month's revelation that many brands had appeared next to extremist content on Google's YouTube, the Financial Times reported.

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3. Emaar Malls has made a bid for Dubai's Souq.com in a challenge to Amazon's (AMZN) - Get Report  reported play for the online retailer.

4. A Chinese court overturned a ruling against Apple (AAPL) - Get Report  over iPhone patents, saying the iPhone 6 and iPhone 6 Plus don't infringe on patents for exterior smartphone design held by a defunct local manufacturer.

5. A joint committee of ministers from OPEC and non-OPEC oil producers agreed to review whether a global agreement to reduce output should be extended by six months, the committee said in a statement.

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, which Cramer manages as a charitable trust, is long GOOGL and AAPL.