Air India Boeing 787 Crash, LA Protests, and US Trade Tariffs | Bloomberg Daybreak

Air India Boeing 787 Crash

• ✈️ An Air India Boeing 787 Dreamliner (Flight 171) crashed shortly after takeoff from Ahmedabad, India, en route to London's Gatwick Airport.
• ⚠️ The flight was carrying 242 passengers and crew and reportedly crashed into a residential area five minutes after takeoff.
• 💥 This incident marks the first reported hull loss of a Boeing 787 aircraft since its entry into service.
• 📈 Boeing shares experienced a pre-market decline of over 5% following the news.

Nationwide Immigration Protests and Federal Response

• 🚨 Protests over immigration raids in Los Angeles have spread to other US cities, including New York, Chicago, and Milwaukee.
• 🚓 Downtown LA has been under curfew for a second night to curb vandalism and looting, with law enforcement urging demonstrators to remain peaceful.
• 🛡️ The federal government is expanding its show of force, deploying National Guard troops and invoking the Hobbs Act to allow federal prosecutors to take over local criminal cases.
• ⚖️ A federal judge has prevented the Trump administration from detaining or deporting a Columbia University graduate student involved in protests.

US Trade Policy and Tariffs

• 💰 President Trump plans to send letters to trading partners within two weeks to set unilateral tariff rates, ahead of a July 9th deadline.
• 🌍 The US has so far reached a trade framework with the UK and a tariff truce with China, with European Union deals expected later.
• 🇯🇵 Prime Minister Shinzo Abe of Japan will meet President Trump to discuss trade, though a large gap remains between their stances.

Other News and Market Updates

• 💉 Health Secretary Robert F. Kennedy Jr. has appointed eight new vaccine policy advisers, including vocal vaccine critics.
• 🛢️ Oil prices are retreating after a nearly 5% gain, following a US order for a partial evacuation of its embassy in Iraq due to rising security risks.
• 📊 Economists are anticipating producer price data today, looking for signs of tariff-induced inflation.
• ☁️ Oracle shares rose over 7% after announcing its cloud infrastructure sales are projected to grow more than 70% this fiscal year.
• ⚾ In sports, the Indiana Pacers lead the NBA Finals 2-1, while the New York Mets and Yankees secured wins.
• ⛳ The US Open golf tournament begins, with defending champion Bryson DeChambeau and Rory McIlroy teeing off.