Monica Ricks

Economists expect the war to have more of an impact on future jobs reports if the conflict continues.

White House National Economic Council Director Kevin Hassett also told Bloomberg he doesn't think companies will have to revise their annual forecasts much.

But airlines may be a different story.

Lufthansa is now warning of possible fuel shortages should the conflict in the Middle East turn into a longer war.

The airline says availability is already difficult at some airports in Asia.

And Europe's biggest aviation group said last week that it's considering plans that include grounding planes if demand drops and fuel prices keep surging.

Brent crude is over $109 a barrel, and a significant portion of jet fuel shipments are still stuck in the Strait of Hormuz.

Many Americans are also rethinking their travel plans now due to this war.

Bloomberg's Nathan Hager explains.

President Trump has asked Congress to enact a $2.2 trillion budget for discretionary programs that includes $1.5 trillion for defense.

That's a big increase over the $1 trillion he sought for fiscal year 2026.

The president has ordered for Homeland Security workers to get paid as the longest government shutdown in history drags on.

Here's Bloomberg's Ed Kalecki.

The president's also signed an executive order targeting college sports.

It limits the ability for students to transfer schools and oversee collectives that raise money off their name, image, and likeness rights.

The order also calls for a governing body to update these rules, evaluate schools, and protect women's and Olympic sports.

It's likely to face legal challenges.

Meantime, the NCAA men's Final Four take the court tonight for a spot in the national title game.

The women's matchup is already set for tomorrow night after South Carolina beat UConn last night and UCLA topped Texas.

And that's news when you want it with Bloomberg News Now.