Bob Iaccino covers the morning's market action, noting that U.S. equities are mixed while Russell 2000 futures lead. He discusses shifting rate hike expectations, with the probability of a December move rising to 75.5% while long-end Treasury yields fall. WTI crude oil gives back early gains as tensions around the Strait of Hormuz remain a focus. Iaccino also recaps global economic data, including unchanged Chinese interest rates and worse-than-expected European sentiment readings, before looking ahead to heavy earnings and upcoming U.K. CPI and EIA crude inventory data.