*S&P 500 ENDS LOWER, VIX JUMPS AS U.S.-CHINA TRADE DEAL OPTIMISM FADES

*US OFFICIALS TOLD ISRAEL FULLY READY FOR IRAN OPERATION: CBS

🚨*President Trump says he will send letters to U.S. trading partners within the next one to two weeks to set unilateral tariff rates. Futures slipping on this news.

*TRUMP: WE WILL SET UNILATERAL TARIFF RATES WITHIN 2 WEEKS *TRUMP: AT A CERTAIN POINT ON TRADE WE WILL SAY TAKE IT OR LEAVE

🇺🇸 U.S. Tariff Revenue Surged to $22.2 Billion In May, A New Record High

🚨🇭🇰Hong Kong Plans to Cut Treasuries If US Loses AAA Rating Big if true.

*IAEA'S BOARD OF GOVERNORS PASSES RESOLUTION DECLARING IRAN IN NON-COMPLIANCE WITH ITS NUCLEAR SAFEGUARDS OBLIGATIONS FOR FIRST TIME IN ALMOST 20 YEARS -DIPLOMATS 🇮🇷🇮🇷

*US EMBASSY IN ISRAEL RESTRICTS TRAVEL FOR STAFF, FAMILIES *U.S. EMBASSY IN BAGHDAD ADVISES U.S. CITIZENS NOT TO TRAVEL TO IRAQ - STATEMENT

🚨Tragic news: An Air India Boeing 787 Dreamliner flying from Ahmedabad to London crashed near the airport this morning. 242 passengers were on board. It marks the first fatal crash involving this Boeing $BA aircraft model.

*BOEING SHARES TUMBLE 7.2% IN PREMARKET AFTER AIR INDIA DREAMLINER HEADING TO LONDON CRASHES $BA

*US DOLLAR INDEX FALLS BELOW 98 FOR FIRST TIME SINCE APRIL 21 $USD 🇺🇸🇺🇸

*IRAN'S ARMED FORCES LAUNCH MILITARY DRILLS WITH 'FOCUS ON ENEMY MOVEMENTS' - STATE MEDIA 🇮🇷🇮🇷

⚠️BREAKING: *U.S. MAY PPI INFLATION RISES 2.6% Y/Y; EST. 2.6%; PREV. 2.5% 🇺🇲🇺🇲

⚠️BREAKING: *U.S. MAY CORE PPI INFLATION RISES 3.0% Y/Y; EST. 3.1%; PREV. 3.2% *LOWEST SINCE SEPTEMBER 2024 🇺🇲🇺🇲

⚠️BREAKING: *U.S. JOBLESS CLAIMS RISE 248,000; EST. 242,000; PREV. 248,000 🇺🇲🇺🇸

⚠️BREAKING: *U.S. CONTINUING JOBLESS CLAIMS RISE 1.956 MILLION; EST. 1.910M; PREV. 1.902M *HIGHEST SINCE NOVEMBER 2021 🇺🇸 🇺🇸

🇺🇸 Morning Economic Data: *Jobless Claims: Miss 🔴 *Continuing Jobless Claims: Miss 🔴 *PPI MoM: Beat 🟢 *PPI YoY: In Line *Core PPI MoM: Beat 🟢 *Core PPI YoY: Beat 🟢 What will Jerome Powell do now? $SPY

⚠️BREAKING: *U.S PPI 0.1% M/M, EXP. 0.2% *U.S. PPI CORE 0.1% M/M, EXP. 0.3% *U.S PPI 2.6% Y/Y, EXP. 2.6% *U.S. PPI CORE 3.0% Y/Y, EXP. 3.1% $SPY 🇺🇸🇺🇸

*TRADERS SEE 80% CHANCE OF A SEPT. FED RATE CUT, WITH A SECOND RATE CUT AS SOON AS OCT., VS DEC. AS SEEN BEFORE DATA

*TRADERS RESUME FULLY PRICING IN TWO FED RATE CUTS THIS YEAR Powell stressed..