Headlines discussed at LNWM’s Monday morning briefing:

— The U.S. will not take immediate military action in response to insurgencies in Iraq, said President Obama.

— Oil prices spiked due to concerns that violence in Iraq could disrupt supplies.

— The difference between U.S. short- and long-term interest rates is the smallest it’s been in five years; short-term rates have risen on speculation the Fed may raise rates sooner than anticipated;

— The Tea Party’s David Brat beat #2 House Republican Eric Cantor in GOP Party primaries.

— London fast-food company Chilango issued four-year, 8% bonds that come with a free weekly burrito for those buying at least $16,800 worth of bonds.

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