Good afternoon: Today's PM — edited by Justin Green — is 400 words, a 2-minute read.
Situational awareness: The Dow is down big after multiple airlines grounded flights to China over coronavirus fears.
The rent is too damn high across huge swaths of conservative states, and it's getting worse fast.
Why it matters: The housing crisis gripping coastal cities has now gone national.
The big picture: “The lowest-income people have always had an absurdly high cost of living,” Whitney Airgood-Obrycki, a research associate at Harvard's Joint Center on Housing Studies, which produced the report, told Bloomberg.
By the numbers ... The top 10 U.S. cities, in terms of their rising share of renters making $30,000 to $45,000 who pay more than 30% of their income on rent:
Photo: Brook Mitchell/Getty Images
Australians watch as fire burns to the suburban fringe of Canberra, the capital.
Illustration: Aïda Amer/Axios
Super Bowl LIV feels like the dawn of a new era, Axios Sports editor Kendall Baker writes in a special preview of the big game: