Energy: Infrastructure Projects Are Breaking Ground Despite Spending Bill Slowdown
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 14 June 2018
⏱️ 28 minutes
🧾️ Download transcript
Summary
Eugene Mulero, Capitol Hill reporter for Transport Topics, recently visited Project Neon, a $1 billion interstate project in Nevada. He discusses the projects progress and how the Nevada state government secured both federal and private funding. He updates us on President Trumps previously announced spending bill, which included a $200 package for infrastructure. We touch on a few stocks for investors bullish on infrastructure: McDermott International (MDR), Fluor (FLR), AECOM (ACM).
Transcript
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| 0:00.0 | This episode of Motley Fall is bought to you by Casper, a sleep brand that continues to revolutionize its line of products to create an exceptionally comfortable sleep experience one night at a time. |
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| 0:17.8 | Welcome to Industry Focus, the show that dives into a different sector of the stock market every day. |
| 0:24.7 | Today we're talking energy and industrials. It's Thursday the 14th of June and we're going to be giving an update on US |
| 0:30.7 | infrastructure spending. I'm your host Sarah Priestley and joining me in the |
| 0:34.0 | studio is a very special guest, Eugene Malara from transport topics. |
| 0:37.4 | Welcome back to the show. |
| 0:38.4 | Good to be here. |
| 0:40.4 | Eugene spends a lot of his time up on Capitol Hill and he's a regular on C-SPAN. |
| 0:45.0 | And for anyone listening who does I know transport topics, it's the go-to place for news in the freight industry covering everything from regulation to new tech to major |
| 0:54.0 | industry events. |
| 0:55.2 | Eugene you were first on the show back in March. I think it was March 1st to talk |
| 0:59.8 | about the infrastructure budget proposal. So just to recap that for listeners, |
| 1:03.9 | President Trump had made the suggestion, |
| 1:07.5 | or he made the improvement of infrastructure |
| 1:09.1 | a big part of his campaign pledge. |
| 1:11.8 | Earlier in the year, he proposed a $4.4 trillion budget that included $200 billion for infrastructure |
| 1:17.6 | spending. |
| 1:19.1 | The plan for that was that it would be leveraged up to $1.5 trillion through a mix of federal, state, and local |
| 1:25.9 | government spending and private sector spending too. The spending plan was pretty contentious, |
| 1:32.0 | mostly for the deficit that it would create, but one thing that |
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