A fascinating illustration in this Times article and the included chart of what has happened over the last four weeks. In essence, oil has shot up; equities markets have declined. That trend has been interrupted a handful of times when President Trump has created what are essentially fake news moments. Those temporarily capture markets’ attention before reality set back in. It’s a powerful illustration of the both the power and the limits of what I yesterday referred to as Trump’s “drama-of-the-day spell.”

Donald Trump’s threat last night to sign an executive order to pay TSA workers was, perhaps, a signal of where things were headed. “If the White House believes they have the authority to pay these workers, then every day for the past 41 days, they have been making a conscious decision not to pay them,” House Appropriations ranking member Rosa DeLauro (D-CT) said last night, which was about right.

Overnight, as Emine Yücel reports, the Senate followed suit, approving a Democratic bill to fund all of DHS except ICE and CBP. Notably, that means funding the TSA, giving away Republicans’ only point of leverage, airport chaos (a dubious point of leverage, to be sure).

I had a moment of insight or perhaps revelation early in this war when the blockage of the Strait of Hormuz first became central in the news and President Trump was publicly debating whether he would use the U.S. Navy to escort ships through it. Would he, won’t he? Will it happen tomorrow? What will he decide. Then I was watching a YouTube show about maritime shipping. In passing the host, Sal Mercogliano, noted that, at that time at least, there weren’t any U.S. naval vessels in the Persian Gulf at all. And the kind of ships you need, in the numbers you’d need, were hundreds of even thousands of miles away. That made perfect sense since for the kind of war the U.S. is currently fighting we don’t need naval vessels anywhere near that close to the combat zone, and when they are that close they become much more vulnerable to attack. But the point is that the whole debate about whether Trump was about to do that any time in the near future was entirely contained within Trump’s Truth Social world. It wasn’t connected to any of the hard realities of whether any of that was even possible.

Due to popular demand, we’ve increased our ticket allotment for the Austin event on April 8.

Remember: If you are a member, you get discounted tickets. If you missed the discount code, just shoot me an email at joe@talkingpointsmemo.com and I’ll get you the goods.

If we sell out, please add yourself to the waitlist. Sometimes people drop out.

You can find more info about the event and get your tickets here.

Kate and Josh talk airports in crisis, Trump’s bewildering political calculus and, believe it or not, an optimistic vision of what a post-Trump world could look like.