Air India crash, Trump tariffs, May inflation data: 3 Things

Boeing shares are falling in Thursday’s pre-market trading after an Air India flight bound for London crashed shortly after takeoff from the Ahmedabad airport, killing 242 people. The plane involved was reported a Boeing 787-8 Dreamliner. US stock futures (ES=F, NQ=F, YM=F) move lower after President Trump announced he will set unilateral tariff rates for trading partners in two weeks. May’s Producer Price Index (PPI) report saw inflation cooling in business-to-business prices. This comes after the Consumer Price Index (CPI) for last month saw inflation on prices ease following April’s “Liberation Day” tariffs. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.