Your team can handle bad news from you. What they can’t handle is finding out you hid it.

People are tougher about facts than most leaders expect, and far less tolerant of being managed. Bad news delivered straight is just a problem to deal with, and groups deal with problems constantly. Discovering that you knew and said nothing shifts the subject from the problem to you, and makes everything else you have said retroactively uncertain. Concealment is the part that does the damage.

If something is going wrong that your group does not know about, tell them this week, while it is still only awkward. Say what you know and what you do not. Then say what you want them to do about it.