Overview

• President Trump announced import duties of 50% on kitchen cabinets and bathroom vanities and 30% on upholstered goods, set to take effect on October 1.
• Shares of RH fell nearly 4% while Wayfair and Williams‑Sonoma dropped about 3% after the tariff news, with the sector heavily exposed to imports from Vietnam and China.
• The Wall Street Journal reports the FAA plans to let Boeing conduct final safety checks and lift the 737 Max output cap to 42 jets per month from 38, signaling a potential acceleration in deliveries.
• Boeing disclosed major new orders, including 225 planes for Turkish Airlines and 30 737s for Norwegian Air, following an $8.5 billion deal with Uzbekistan Airways earlier in the week.
• WSJ reports Intel approached TSMC about investments or manufacturing partnerships as the administration weighs requiring balanced use of domestic versus imported chips or imposing tariffs, while analyst calls drove sharp moves in IREN and Bloom Energy.