Bloomberg Daybreak: US Edition12 Juni 2025

Plane Crashes in India With 242 on Board; LA Protests Spread

On today's podcast:

1) An Air India Ltd. Boeing Co. 787 aircraft traveling from Ahmedabad in India to London’s Gatwick airport crashed shortly after taking off, in what stands to be the most serious accident involving the US planemaker’s most advanced widebody airliner. The airline said that Flight AI171 was “involved in an incident” and that Air India is “ascertaining the details.” Footage shared on social media showed a giant plume of smoke engulfing the crash site, with no reports of fatalities or survivors. The flight was carrying 242 passengers and crew, according to news agency ANI.

2) Los Angeles spends another night under curfew as protests spread to more cities. Protests over immigration raids in Los Angeles have spread to other US cities, including New York, Chicago, and Milwaukee, with clashes between protesters and law enforcement. The federal government has expanded its show of force, deploying National Guard troops and authorizing the use of the Hobbs Act to take over criminal cases, which California officials have criticized as "unlawful, unconstitutional and undemocratic".

3) President Trump says he will set unilateral tariffs on countries in 2 weeks. The president plans to send letters to trading partners in the next one to two weeks setting unilateral tariff rates ahead of a July 9 deadline. President Trump has threatened to impose higher duties on dozens of economies, but has only reached a trade framework with the UK and a tariff truce with China, which was recently threatened.

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