Good morning, CFOs. President Trump says he will send ICE agents to U.S. airports on Monday; Tesla, SpaceX plan new chip factory; plus, young people are shifting gears due to AI.

The ripple effects of the partial government shutdown continue to impact business and consumers, just as the busy spring break travel season hits.

Airlines are particularly exposed to disruption, as TSA officer absences have slowed security checks at airports across the U.S. Some lines have taken travelers hours to pass. If Congress doesn’t agree on DHS funding by March 27 and leaves for a scheduled two-week recess, TSA officers are set to miss more than a month of paychecks, our WSJ colleagues report.

Meanwhile, President Trump said over the weekend that if a deal isn’t reached, he will send ICE agents to U.S. airports on Monday. ICE agents could monitor exit lanes to make sure people don’t enter through them, or check identification before passengers enter the screening area, according to White House border czar Tom Homan.

• Trump Administration Scrambles to Deploy ICE Agents at Airports as Lines Mount
• Key quote: “We’re trying to release TSA resources to get to positions that they really need expertise in, like the X-ray screening,” Homan told “Fox News Sunday.”

In other economic and travel-related news,

Rising oil prices’ impact on diesel. The average gallon of diesel crossed $5.20 nationwide over the weekend, up around 40% from a month ago, according to the AAA. That’s crushing truckers, and it soon will be felt even more across the economy.

Reality check. Skift also had an interesting report about how sustainable aviation fuel was supposed to help airlines reduce their dependence on oil. Instead, the Iran war has exposed how far that is from reality.

Monday

The Census Bureau reports construction spending data for January.

The WSJ CFO Council Summit, Day One.

Tuesday

Earnings: GameStop and KB Home

ADP releases its National Employment report for the four weeks ending March 7.

S&P Global releases both its Manufacturing Purchasing Managers’ Index and Services Purchasing Managers’ Index for March.

The WSJ CFO Council Summit, Day Two.

Wednesday

Earnings: Chewy, Cintas, JBS, Jefferies Financial Group, Paychex and PDD Holdings

Thursday

The Department of Labor reports initial jobless claims for the week ending March 21.

Friday

Earnings: Carnival

Financial leaders will gather in Palo Alto today and Tuesday for The WSJ CFO Council Summit to examine how CFOs are navigating market volatility, evolving trade and regulatory policy and the growing impact of AI on the future of the enterprise. Speakers include Bill Harts, the Long-Term Stock Exchange’s chief executive officer; Eric Yuan, founder and CEO of Zoom, and Zoom CFO Michelle Chang; Block CFO and COO Amrita Ahuja, and other top leaders.

Mark Maurer and I will be on the ground in California, and Kristin Broughton and Jennifer Williams will be in New York providing the top coverage and details from the gathering. Look for details in this space.

Iran said it would target critical infrastructure in the Middle East if President Trump follows through on his threat to "obliterate" Iranian power plants should Tehran fail to reopen the Strait of Hormuz by Monday evening Washington time.

The U.S. ambassador to the United Nations warned on Sunday about Iran's potential to launch longer-range ballistic missiles that could hit much of Europe. It comes days after Iran carried out one of its farthest missile launches on record, targeting Diego Garcia, a joint U.S.-U.K. military base in the Indian Ocean.

📰 Other headlines

• Jamie Dimon Sees an End on the Horizon. But Not Yet. (Barron's)
• Tesla, SpaceX Plan to Build New Chip Factory in Texas
• The Fed’s Most Awkward Leadership Transition Is Coming
• Why the Fed’s Next Rate Move Could Be a Hike
• Amazon Gets Its Biggest Hit Movie Ever With ‘Project Hail Mary’
• Streetwise: War and Inflation Are Supposed to Be Gold’s Friends. Not This Time.
• Larry Fink’s Warning: Invest or Risk Getting Left Behind by AI
• What Young Workers Are Doing to AI-Proof Themselves
• The Economy Cabin on Airplanes Keeps on Shrinking
• Fast Chips, Big Money, 3:30 a.m. Calls: Taiwan’s Urgent Quest to Win Over Trump
• Americans Are Spending More Than Ever on Manicures and Doggy Daycare

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.