Photoshop :: Type Tool

I am having a very weird thing going on in Photoshop CS. Every time I turn on the type tool (horizontal) and try to use it, it won't type any letters, and instead when I strike the letter keys on my keyboard, it activates other tools based on their keyboard shortcut letters (such as L for lasso). I have tried resetting system defaults and still have this problem.

Another weird thing that happens is that when I try to type letters, the canvas turns pink, and the letters turn white (this might be connected to the keyboard shortcut for flood fill)