Bob Iaccino covers the latest market moves as Nasdaq futures hover near the flatline despite upbeat AI guidance. He breaks down the May PCE data, which points to persistent inflation and re-accelerating annual rates, keeping the market focused on the Federal Reserve's 2% target. With upcoming speeches from Neel Kashkari and Christopher Waller, Iaccino discusses how shifting rate expectations might impact the higher for longer narrative. He also previews upcoming earnings from FedEx and Wise Group, alongside key U.S. and international economic data releases.