Bloomberg Intelligence Over 200 Dead After London-Bound Boeing Jet Crashes in India
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Jun 12, 2025 Jeffrey Cleveland, Chief Economist at Payden & Rygel, provides insights on the U.S. economy, highlighting a muted inflation outlook and the impact of tariffs on growth. Meanwhile, Laura Modi, CEO and Co-Founder of Bobbie, discusses the Infant Formula Made in America Act aimed at boosting local production. She addresses the challenges in pediatric nutrition and the necessity for diverse leadership in the industry. Together, they explore the economic implications of recent events and the evolving landscape of infant nutrition.
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Initial Aviation Crash Insights
- The Air India Boeing 787 Dreamliner crashed shortly after takeoff, killing all 242 onboard and causing major tragedy.
- Details on the crash cause remain unknown; investigations are ongoing with multinational involvement.
Multinational Crash Investigation
- The investigation of a plane crash is led by the country where it occurred, with input from manufacturers and regulators.
- For the Air India crash, India leads with support from Boeing, GE, UK investigators, and others.
Premature Market Reactions
- Market reactions against Boeing and GE are premature given the long service history of the aircraft involved.
- Definitive cause and blame will emerge only after detailed flight data and investigation analysis.