Crude oil jumps on geopolitical tensions.

Bob Iaccino of Path Trading Partners sweeps the market open, noting that U.S. equities are starting the week lower, with Nasdaq-100 futures leading the decline. Crude oil jumps nearly 4% after a drone strike damages major pipeline infrastructure. In rates, climbing U.S. Treasury yields across the curve push the U.S. dollar higher as market expectations for a rate hike at the upcoming FOMC meeting surge. Finally, he outlines light corporate earnings alongside a heavy slate of global data, including Chinese industrial production, U.K. employment and the Empire State manufacturing index.