Southwest Airlines is going in a different direction

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Good morning. At a White House event yesterday, Trump's handwritten notes were once again caught on camera. This time, they read like a Tesla sales pitch.

In today's big story, Wall Street assumed that the stock market would act as a check on Donald Trump's new administration. That isn't panning out.

What’s on deck

Markets: February was a bad month for big-name hedge funds. March is looking worse.

Tech: BI reviewed a copy of xAI’s internal org chart. Here’s who’s reporting to Elon Musk.

Business: Southwest as you know it is going, going, gone.

Top headlines:

• Vandalize a Tesla dealership? Trump says he'll label that domestic terrorism.
• Ukraine's on board with a cease-fire deal. Now, Trump just has to get Russia to stop attacking it.
• Peter Kafka: The media is bending to Trump in lots of ways. Tony Hinchcliffe's Netflix deal doesn't seem like one of them.
• DOGE's anti-DEI drive flagged these programs. Only they weren't DEI.
• Investors' faith in King Dollar may be wavering.
• Millennials are obsessed with baby tech. But does it really make parenting easier?
• Flightmare of the Week: Nine-hour flight to nowhere after eight bathrooms stopped working when bags, rags, and clothes were flushed.
• McDonald's CEO is trying to speed up the years it takes to develop new burgers.
• Four things on a résumé that matter way more than the college you attended, according to a tech and finance recruiter.

Curated by Dan DeFrancesco (on parental leave), Hallam Bullock, Lisa Ryan, Ella Hopkins, Grace Lett, Amanda Yen, and Elizabeth Casolo.

This is a shorter version of our flagship newsletter, which brings you in-depth analysis and summaries of the top stories from Wall Street to Silicon Valley.

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