Bob Iaccino breaks down early morning market action as U.S. equities turn lower alongside mixed international economic data. He covers the latest G7 meeting discussions focusing on the Iran conflict, energy security, and ongoing trade friction. Watch for critical updates regarding crude oil movement through the Strait of Hormuz and potential impacts on global supply chains. Looking ahead, Iaccino highlights upcoming earnings from major players like Home Depot and key economic releases including U.S. pending home sales and central bank rate decisions.