Bob Iaccino covers the latest market reactions to stronger-than-expected U.S. PPI and sticky inflation, leading to a 25 basis point rate hike by the ECB. He also breaks down escalating geopolitical tensions following a Truth Social post about potential military action in Iran and threats to seize Kharg Island. Despite the Strait of Hormuz closure declarations, crude oil futures remain relatively flat. Plus, a look ahead at upcoming earnings from Adobe, Lennar Corp, and RH, along with key consumer sentiment data.