Wake Up, Wall Street: What You Need to Know Before the Bell
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.
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.
, which Cramer manages as a charitable trust, is long GOOGL and AAPL.
