Good morning, CFOs. U.S. manufacturers are seeing an uptick in orders from companies looking to avoid paying new tariffs; Warren Buffett’s legacy, and the new era coming at Berkshire Hathaway; plus, welcome to Starbase, Texas.

Some small and midsize U.S. manufacturers are seeing an uptick in orders from companies looking to avoid paying new tariffs, stoking hope that the levies might boost their businesses over the longer-term.

Trump’s tariffs have disrupted global trade and the American economy. Yet those same new rules are making these manufacturers’ goods more price competitive with imports for the first time in years, they say.

“We are swamped. We are running 24 hours a day, seven days a week in both Chicago and Cleveland,” said Jack Schron, president of Jergens Inc., which makes manufacturing tools, including industrial screwdrivers, clamps and hoists.

Schron said his factories in Ohio and Illinois are “going like gangbusters,” partly owing to new orders from customers looking to avoid paying import tariffs, and partly because of increased demand over the last 18 months from the defense industry.

Reports from Schron and others represent welcome news for tariff supporters, who predicted the levies would breathe new life into U.S. manufacturing. 

Monday

Earnings: Clorox, Ford Motor, Loews, ON Semiconductor, Palantir, Tyson Foods, Vertex Pharmaceuticals, Williams Cos. and Zimmer Biomet Holdings

The Institute for Supply Management releases its Services Purchasing Managers’ Index for April.

Tuesday

Earnings: AMD, American Electric Power, Archer-Daniels-Midland, Arista, Assurant, Ball Corp., Brookfield Asset Management, Constellation Energy, Corpay, Coupang, Datadog, Devon Energy, Duke Energy, EA, Energy Transfer, Expand Energy, Ferrari, Fidelity National Information Services, Gartner, Gen Digital, Global Payments, International Flavors & Fragrances, Iqvia Holdings, Jack Henry & Associates, Jacobs Solutions, Leidos Holdings, Marathon Petroleum, Marriott International, Mosaic, TransDigm Group, Waters Corp., WEC Energy Group, Wynn Resorts and Zoetis.

Wednesday

Earnings: APA, Arm Holdings, Atmos Energy, Axon Enterprise, Barrick Gold, Bio-Techne, Bunge Global, Carvana, CDW, Cencora, CF Industries Holdings, Charles River Laboratories, Corteva, Dayforce, DoorDash, Emerson Electric, Fortinet, Johnson Controls International, MarketAxess Holdings, NiSource, Novo Nordisk, Occidental Petroleum, Paycom Software, Rockwell Automation, Skyworks Solutions, Texas Pacific Land, Trimble, Uber, Verisk Analytics, Vistra and Disney.

The Federal Open Market Committee announces its monetary policy decision. The FOMC is widely expected to keep the federal-funds rate unchanged at 4.25% to 4.5%.

Thursday

Akamai Technologies, Alliant Energy, Anheuser-Busch InBev, Brookfield, Cheniere Energy, ConocoPhillips, EPAM Systems, Evergy, Expedia Group, Federal Realty Investment Trust, Insulet, Kenvue, Match Group, McKesson, Microchip Technology, Molson Coors Beverage, Monster Beverage, News Corp, Paramount Global, Sempra, Shopify, Solventum, Tapestry, TKO Group Holding, Viatris and Warner Bros. Discovery.

The Bank of England announces its monetary policy decision.

The Federal Reserve Bank of New York releases its Survey of Consumer Expectations for April.

Friday

Earnings: Plains All American Pipeline

The Greg Abel era at Berkshire Hathaway is coming.

Warren Buffett announced Saturday that he’s finally ready to depart his chief executive post at year-end. As planned for several years, the legendary 94-year-old investor plans to turn over the reins over to Abel, a vice chairman who leads the company’s noninsurance operations.

Abel’s known for keeping a low profile. But, starting next year, he’ll be filling some enormous shoes.

• Why There Will Never Be Another Warren Buffett
• What Warren Buffett Learned From His Biggest Hits—and Misses
• The Lesson in Buffett’s Winning Apple Bet

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• Welcome to Starbase, Texas. What’s Next for Elon Musk’s Rocket-Building Company Town.
• How the Highest-Earning Millennials Made It to the Top of Their Generation
• Trump Downplays Economic Concerns as He Looks to Cut Trade Deals
• A $1 Billion Tax Bill Is Looming Over Boston Homeowners
• Collections Coming for Millions of Student-Loan Borrowers
• Brides Settle for Costco Flowers and American Wine as Tariffs Rain on Wedding Season

The Wall Street Journal's CFO Journal offers corporate leaders and professionals CFO analysis, advice and commentary to make informed decisions. We cover topics including corporate tax accounting, regulation, capital markets, management and strategy.

Follow us on X @WSJCFO. The WSJ CFO Journal Team comprises reporters Kristin Broughton, Mark Maurer and Jennifer Williams, and Bureau Chief Walden Siew.

You can reach us by replying to any newsletter, or email Walden at walden.siew@wsj.com.