Bob Iaccino reviews the morning market action as U.S. equities open higher following softer CPI and PPI inflation reports. He covers the latest movements in U.S. Treasury yields, noting significant declines in the two-year, five-year, and ten-year notes, which have shifted probabilities for future rate hikes. Iaccino also previews the upcoming release of the Federal Reserve's Beige Book, highlighting what market participants are looking for regarding pricing power and inflation trends. Finally, he looks ahead to key corporate earnings reports from major market cap companies and upcoming global economic data releases.