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US stock futures rise as investors await historic SpaceX IPO
US stock futures rose as Wall Street geared up for SpaceX’s market debut and welcomed easing tensions between the US and Iran.
Wholesale inflation spikes 6.5%: Are oil prices moving on Iran escalations?
May's Producer Price Index (PPI) report saw wholesale inflation rise by 1.1% monthly while headline prices climbed by 6.5% annually. Morning Brief Host Julie Hyman is joined by Yahoo Finance Tech Editor Dan Howley and Monetary Matters Network co-founder Jack Farley for a conversation about how the ongoing conflict between the US and Iran is feeding into inflation and oil (CL=F, BZ=F) price trends. This follows Wednesday's release of the Consumer Price Index report for May, which saw consumer prices rise at the fastest rate since May 2023. The 4.2% annual rise in CPI inflation was in line with expectations; however, the hot reading may boost bets that the Federal Reserve will hike interest rates this year.
