The U.S. economy added 178,000 new jobs in March, and the unemployment rate went down. That’s a big improvement from last month’s disappointing jobs report, but there’s more than meets the eye to these numbers. We’ll explain in today’s episode. Also: SpaceX filed paperwork for an IPO, and the company’s high predicted valuation isn’t the only thing making waves. Plus, some food for thought before this weekend’s Final Four basketball games and inevitable betting ads: “This Is Uncomfortable” host Reema Khrais explains the effects of prediction markets on our wallets and our brains.

President Donald Trump signed an executive order yesterday that threatened tariffs of up to 100% on imported medications. The executive order also overhauls steel, copper, and aluminum tariffs. We’ve got all the details. Also in this episode: a breakdown of the new March jobs report. Plus, David Brancaccio speaks to a vintage car converter who turns old cars into electric vehicles.

The president made the case for the Iran war, and markets were not impressed. After President Donald Trump's address to the nation last night, the price of oil went up, and stocks went down. This is a total reversal of what markets were doing going into the speech, when stocks rallied, and oil prices fell. We'll get into it all and provide some key takeaways. Then, Marketplace’s David Brancaccio takes a trip to a West Hollywood pawn shop.

A year ago today, the president pulled out a chart in the now paved-over Rose Garden and set the global economy on fire. He announced his so-called “Liberation Day” tariffs, which changed a bunch of times before being deemed illegal by the Supreme Court earlier this year. And those tariffs were mostly paid by us — consumers and small businesses. Plus, just how worried should we be about jitters in the private credit market?

Chinese electric vehicle maker BYD told analysts it's confident it can sell 1.5 million vehicles outside of China this year. Chinese EVs are advanced and affordable, making them increasingly popular in the global auto market. That can't be said for the U.S., however, which is effectively shutting out Chinese EVs with 100% tariffs. This morning, what does the U.S. economy stand to lose if we don't let Chinese cars in? But first, markets are feeling confident despite ongoing fighting in the Middle East.

President Donald Trump is scheduled to address the nation about Iran tonight. He told reporters yesterday that the war could wrap up in two to three weeks. Meanwhile, Iran has issued a new threat against 18 U.S. businesses operating in the region, including Microsoft, Google, Intel, Tesla, and Boeing. The war is also having dire effects on energy in South and Southeast Asia. Plus, how much is air travel being impacted by rising jet fuel costs?

The United States is finally allowing Russian oil to be delivered to Cuba after months of what has basically been an energy blockade imposed by the U.S. The blockade has caused nationwide blackouts, severe fuel shortages, and shutdowns of schools and nonessential businesses. The BBC's Will Grant joins us for more. Then, we head to Boston, where one of the oldest trade schools in the country is teaching students skills like piano-tuning, locksmithing, and violin-making.

The average price of gasoline is now above $4 a gallon for the first time in three years. Some analysts say that's a key psychological barrier, above which consumers begin to shift behavior and cut back on spending. Plus, the spike in oil prices we’ve seen may more than completely offset the fiscal boost from this year’s tax refund, and roughly a third of people trading in their old cars are underwater on their car loans.

Domestic migration in the U.S. has been declining for decades. This morning, we'll look into who's still moving, what factors drive their decision, and what's behind the shift. Plus, do wealthy people really flee to tax-friendlier pastures when their taxes go up? But first, there's a sort of backup plan for the oil supply, but the ongoing war in the Middle East means it could soon be under threat, as well.

Oil prices continue their upward climb amid conflict in the Middle East. The international benchmark Brent crude is now $115 a barrel; on Friday, it was $105. Brent is headed for its biggest monthly climb ever, and this morning, there are concerns about additional disruptions to oil shipments through another key route. We’ll unpack. Also: a looming helium shortage and a search for ways to mitigate threats to humanity.