Alan Diaz/AP

Even in the midst of the best American economy in a decade, there are warning signs that have some economists and investors worried, like data showing a huge decline in auto sales in March.

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Data: Bureau of Economic Analysis; Chart: Andrew Witherspoon / Axios

According to Independent strategist Ed Yardeni, "The drop in March auto sales occurred even though the average sales incentive topped $3,750 in March, or 10.3% of the sticker price." He also pointed to a recent decline in used car prices and data showing that the average time a new car sits in dealer inventory recently reached its highest level since 2009 as evidence of trouble ahead for the sector.

Why it matters: Beyond these data not boding well for auto stocks, the trend could hurt the broader economy. Bank of America economists circulated a note to clients Thursday warning that if the declines continue, the trend could sap 0.4 percentage point from GDP growth this year.

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Trump casts himself as chief defender of American history in divisive speech at Rushmore

President Trump spoke out against a "merciless campaign" to wipe out American history during a Fourth of July celebration at Mount Rushmore.

Why it matters: Trump's "dark and divisive" speech comes as states continue to hit new coronavirus records and a national reckoning against racial inequities pushes forward, The New York Times writes. Trump's public approval is faltering heading toward the November elections, and he made an appeal to his base at Friday's spectacle, per The Washington Post.

Drive-in movie theaters are making a comeback

Illustration: Annelise Capossela/Axios

Drive-in movie theaters, the symbol of a bygone era before cellphones and constant distraction, are suddenly reemerging as a popular form of entertainment during the coronavirus crisis.

Why it matters: Indoor movie theaters are closed, but people still crave entertainment and a chance to get out of their houses. Watching a movie from the safety of a car is the next best thing.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 7:30 a.m. ET: 11,093,182 — Total deaths: 525,491 — Total recoveries — 5,890,052Map.
  2. U.S.: Total confirmed cases as of 7:30 a.m. ET: 2,795,163 — Total deaths: 129,437 — Total recoveries: 790,404 — Total tested: 34,213,497Map.
  3. States: ICU beds in Arizona's hot spot reach near capacity.
  4. Public health: The states where face coverings are mandatory Fauci says it has been a "very disturbing week" for the spread of the coronavirus in the U.S.
  5. Economy: The economy may recover just quickly enough to kill political interest in more stimulus.