Bob Iaccino of Path Trading Partners recaps the morning's market action as U.S. equities open lower, led by a drop in Nasdaq futures. He covers rising diesel prices tied to geopolitical tensions in the Middle East and breaks down the latest global economic data, including UK jobs and Eurozone sentiment. Domestically, U.S. housing starts are in focus alongside declining precious metals and climbing U.S. Treasury yields. Iaccino also examines the CME FedWatch Tool's shifting probabilities for a September rate hike ahead of critical FOMC minutes, wrapping up with a look at upcoming major retail earnings from Target, Lowe's, and TJX.