The White House says Obama's Cabinet meeting will focus on his administration's review of federal programs that provide military-style equipment to law enforcement agencies.
Japanese stocks racked up fresh gains in early Monday trading, as drops in the yen's value and the price of energy both propelled the Nikkei Stock Average to a 1% advance, extending a 1.2% rally in the index on Friday and putting the benchmark at another seven-year high.
U.S. crude-oil futures spiraled further down in electronic trade late Sunday, with the most-active January 2015 contract breaking below the $65-a-barrel handle to hit $64.90 as East Asian markets opened.
Australian stocks slid further downhill Monday morning as strength in airlines and a few of the financials proved unable to offset further heavy losses for the energy and gold shares, with the S&P/ASX 200 down 0.6% in early moves.
The Chicago area's Cook County has filed a lawsuit against Wells Fargo & Co., accusing the nation's biggest mortgage lender of subjecting minority and female borrowers to discriminatory and predatory lending practices that may involve hundreds of millions of dollars in damages.