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Coronavirus crisis could provide opportunity to prepare America's infrastructure for the future

Illustration: Sarah Grillo/Axios

The next round of coronavirus economic stimulus could include money to rebuild the nation's roads and bridges, similar to the Federal Aid Highway Act of 1956 that put millions of people to work building U.S. interstates.

Why it matters: America's crumbling bridges are in desperate need of repair, it's true. But this is also an opportunity to make sure we have the necessary infrastructure to support tomorrow's transportation needs.

What's needed: In a note to clients, Morgan Stanley analyst Adam Jonas suggests "10 things we gotta get right" in any potential infrastructure-related stimulus plan.

  • Electric vehicle charging infrastructure
  • Upgrades to the nation's electrical grid
  • Battery manufacturing
  • Battery recycling
  • Renewable power
  • 5G networks for connected, automated vehicles
  • Hydrogen fuel networks
  • High-speed rail and hyperloop
  • Skyports for flying cars
  • Space launch facilities and spaceports

My thought bubble: We'll be lucky to get even a few of those done. Let's focus on EV charging and vehicle connectivity to start.

Go deeper

Dion Rabouin, author of Markets
1 hour ago - Economy & Business

How the tech stock selloff is hurting average Americans

Expand chart
Data: FactSet; Chart: Axios Visuals

Investors holding the ultra-popular Nasdaq 100 and S&P 500 index funds have been hard hit over the last two weeks as tech shares have been roiled by rising U.S. Treasury yields.

Why it matters: Even though the economy is growing and many U.S. stocks are performing well, most investors are seeing their wealth decline because major indexes no longer reflect the overall economy or even a broad swath of public companies — they reflect the performance of a few of the country's biggest companies.

Go deeper (1 min. read)Arrow
Fadel Allassan
2 hours ago - World

UN rights chief: At least 54 killed, 1,700 detained since Myanmar coup

A Feb. 7 protest in Yangon, Myanmar. Photo: Getty Images/Getty Images

Police and military officers in Myanmar have killed at least 54 people during anti-coup protests, while "arbitrarily" detaining over 1,700 people, United Nations Human Rights Commissioner Michelle Bachelet said Thursday.

Why it matters: Protesters have demonstrating across Myanmar for nearly a month, demanding the restoration of democracy after the country's military leaders overthrew its democratically elected government on Feb. 1.

Go deeper (1 min. read)Arrow
Sam Baker
3 hours ago - Health

The danger of a fourth wave

Expand chart
Data: The COVID Tracking Project, state health departments; Note: Anomalous Arkansas case data from Feb. 28 was not included in the calculated change; Map: Andrew Witherspoon/Axios

The U.S. may be on the verge of another surge in coronavirus cases, despite weeks of good news.

The big picture: Nationwide, progress against the virus has stalled. And some states are ditching their most important public safety measures even as their outbreaks are getting worse.

Go deeper (2 min. read)Arrow