WS #5959

The dominant signal in this window is the escalating Iran conflict's impact on oil prices, now corroborated by P&G's warning of a $1 billion profit hit from surging crude costs. This confirms the oil price spike is rippling beyond energy into consumer staples, with P&G (PG) directly affected. Separately, Ukraine's drone strike on Russia's Yaroslavl oil refinery adds supply-side pressure. The FBI Director Kash Patel firing rumor is a political development with limited direct market impact but could signal administration instability. Other items are noise: DMV closures, Chernobyl anniversary, BGT golden buzzers, and Palestinian elections are non-market-moving. The P&G warning is the highest-signal item, providing a concrete earnings impact from the oil price surge.