Trump Trade: Trump announces $14.5B Etihad order for 28 Boeing planes

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly:

BOEING PLANES ORDER: U.S. President Donald Trump announced deals totaling over $200B between the U.S. and United Arab Emirates, including a $14.5B commitment between Boeing (BA), GE Aerospace (GE), and Etihad Airways, David Shepardson and Costas Pitas of Reuters report. Etihad recently confirmed it was ordering 28 wide-body Boeing aircraft with GE engines, with the planes expected to join its fleet starting 2028.

PRODUCTION HUBS: Wedbush believes Outperform-rated Apple (AAPL) has put itself in a very hedged supply chain strategy heading into iPhone 17 production this Fall. All of the firm’s work in the supply chain throughout Asia over the past few weeks gives it a high level of confidence that Cupertino’s aggressive push towards India production has been a very smart strategic move given the uncertain tariff environment facing Apple in China. Wedbush thinks Apple could ramp iPhone assembly production in India up to 60%-65% by the Fall in a best-case scenario but could easily pivot back to a China driven iPhone strategy depending on the tariff situation and deal negotiations. The firm fully expects more pressure from the Trump Administration on Apple to build iPhone production in the U.S., but this would result in an iPhone price point that is a non-starter for the company and translate into iPhone prices of $3,500 if it was made in the U.S. and this would take many years.

SEC PROBE: The Securities and Exchange Commission has been investigating whether Coinbase (COIN) misstated its user numbers in past disclosures in an inquiry that began during the Biden administration and has continued President Trump, David Yaffe-Bellany and Matthew Goldstein of New York Times report, citing four people familiar with the matter. The investigation has focused on a metric that Coinbase included in securities filings and marketing materials, claiming that the company had more than 100M “verified users,” sources told the Times. The data point appeared in Coinbase’s original public offering document in 2021, but the company stopped citing it two years later, the paper points out. Coinbase has been in touch with the SEC over the course of this year and has hired the law firm Davis Polk & Wardwell to assist with its response, two people familiar with the inquiry said.