Overview

• President Trump set new furniture import duties effective October 1—50% on kitchen cabinets and bathroom vanities and 30% on upholstered goods—pressuring home retailers.
• Shares of RH fell nearly 4% while Wayfair and Williams‑Sonoma dropped about 3% following the tariff announcement, reflecting exposure to China and Vietnam supply chains.
• The Wall Street Journal reported the FAA plans to let Boeing conduct final safety checks and raise the 737 Max production cap to 42 per month, as Boeing disclosed large orders from Turkish Airlines (225 planes) and Norwegian Air (30 737s).
• The WSJ also reported the administration is considering requiring companies to match domestic and imported chip usage or face tariffs, a prospect that lifted chipmakers with U.S. foundry footprints.
• Intel shares gained as the WSJ reported it approached TSMC about potential investments or manufacturing partnerships, while separate JPMorgan notes highlighted volatility in IREN (downgraded to underweight) and heavy retail selling in Bloom Energy.