Wake Up Call - Geopolitical Fires Drive Concern

"Today's Coffee" is on its way. Today's early market catalysts include confirmation from Iran that it would use oil as a weapon, justifying it with the U.S. statement that it would not rule out force. May housing starts were about in line (read poor), and permits were just slightly better. All the market-moving headlines, which are dominated today by geopolitical and company specific news, follow below. You can find the top news catalysts daily in our sidebar section, "Headline News."

Reuters: Iran Confirms It Will Use Oil As Weapon
Bloomberg: May Housing Starts In Line Weak, Permits Stronger
MarketWatch: Yahoo!, Back to the Future
CNBC: Best Buy Profit Falls
Financial Times: Euro Slips on German Confidence Fall
MarketWatch: The Gold Trade
Yahoo! Earnings Calendar
Economist: After the Showdown, Dust Settles in Palestine
BBC: Israel, U.S. Discuss Palestine
CNN: U.S. Launches Iraqi Offensive
BBC: Pakistan Protests Rushdie's Knighthood
ABC News: Suicide Bombers Are On Their Way
Iran Daily: Tales from the Dark Side