Oil prices were surging about 4.5 percent in early morning trading, to their highest levels since July 2015, after OPEC and other producers over the weekend reached their first output cut deal since 2001. (CNBC)
As crude soared, fueling expectations of higher inflation, the yield on the 10-year U.S. Treasury pushed above 2.5 percent for the first time in more than 2 years. (WSJ)
U.S. stock futures were searching for direction this morning, after the Dow, S&P 500, and Nasdaq all finished higher every day last week, the first time that's happened in about 5-½ years. (CNBC)
The Dow stands in record territory, after the blue chip average on Friday saw its 14th record closing high since the election. Since Donald Trump won the presidency, the Dow has gained nearly 7.8 percent. (CNBC)
The Fed kicks off its two-day December meeting tomorrow, with central bankers widely expected to increase interest rates. Policymakers last hiked in December 2015, the first such move in more than nine years. (CNBC)
A crackdown by Chinese regulators on stock purchases by insurance firms sent shares in Shanghai down about 2.5 percent, and in Shenzhen lower by nearly 5 percent. (MarketWatch)
Trump attracted criticism from China, after saying in a Fox News interview the U.S. did not necessarily have to stick to the "One China" policy. China said it cannot "be easily bullied." (CNBC)
Trump dismissed a CIA assessment that Russia provided WikiLeaks hacked emails in order to help him win the election. "I think it's ridiculous," the president-elect said in an interview with Fox News. (CNBC)
Exxon (XON) Chairman and CEO Rex Tillerson, who's said to be Trump's top choice for secretary of state, faces bipartisan resistance in Congress over his ties to Russia's Vladimir Putin. (WSJ)
Boeing (BA) said "tens of thousands of U.S. jobs" would be supported in a $16.6 billion deal with Iran, perhaps speaking to Trump, who's threatened to tear up the nuclear accord that makes the deal possible. (NY Times)
Alphabet CEO Larry Page, Apple CEO Tim Cook and Facebook COO Sheryl Sandberg are among the small group of top tech leaders set to attend a summit with Trump on Wednesday. (Recode)
Top business leaders — including Microsoft's Bill Gates, Amazon's Jeff Bezos, and Alibaba's Jack Ma — are launching a new fund today to invest over $1 billion in "next generation energy technologies." (CNBC)
Millions of people were bracing for a week of hazardous conditions from bitterly cold temperatures and a snowstorm that already caused travel chaos and flight cancellations. (NBC News)
The government issues its November federal budget statement at 2 p.m. ET. VeriFone Systems (PAY) is among the few companies set to report earnings this afternoon.
Studies showed combining Novartis (NVS) drugs Lucentis and Fovista did not produce any better results for certain macular degeneration patients than Lucentis alone.
Johnson & Johnson (JNJ) could see a 20 percent rally in its stock, according Barron's, which also said J&J is less susceptible to possible cuts in drug and medical device pricing.
An International Trade Commission judge has ruled Arista Networks (ANET) infringed on several more Ethernet switch patents held by Silicon Valley rival and Dow component Cisco Systems (CSCO).
KKR (KKR) is in talks to sell drug delivery company Capsugel to Switzerland's Lonza Group in what could be a more than $5 billion deal.
Apollo Global (APO) is buying the 80.1 percent stake that Philips (PHG) holds in Lumileds, the company's LED components and car lighting business, for $1.5 billion in cash.
Volkswagen (VLKAY) was accused by the Federal Trade Commission of erasing or losing 23 mobile phones of key employees, in the wake of the company's diesel emissions scandal.
21st Century Fox's (FOXA) bid to buy British TV provider Sky for $14 billion could run into a roadblock, with a major investor saying he'll vote against the deal and another saying he's unhappy about the size of the offer.
Ahead of next weekend's debut of "Rogue One: A Star Wars Story," Disney's (DIS) "Moana" topped the box office for the third consecutive weekend, pulling in another $18.8 million in North American ticket sales. (AP)