1) GM CEO Mary Barra stands up to the Tweeter-in-Chief

Barra kicked off the Detroit Auto Show by pushing back against Trump's criticism of GM importing its Chevy Cruz model from Mexico. The Wall Street Journal quotes Barra as arguing that these sorts of decisions are carefully made over long time horizons and can't be abandoned on a dime.

Chrysler Fiat, meanwhile, made a show of a planned $1 billion invest in its U.S. production capacity.

2) Analyst: The job market will only get better from here

Expect job growth to rise above a monthly pace of 200,000, argues Ian Shepherdson of Pantheon Macroeconomics in a research note. That's enough to force the Federal Reserve to raise interest rate at their next meeting in March, in an effort to head off subsequent higher inflation.

3) Markets prep for a "hard" Brexit

British Prime Minister Theresa May told Sky News this weekend that closing its borders to EU immigrants means losing access to the coveted European single market. The pound fell to the lowest level since October on the news, as traders expect British companies to suffer.

4) What to watch for today:

Markets are convinced recent Fed minutes have suggested a cautious approach to further interest rate hikes. Bond traders will be keeping a close eye at 9 a.m. on the minutes released by Fed Governor Eric Rosengren. He has favored low rates in the past.

Go deeper

Updated 27 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 1 a.m. ET: 31,245,797 — Total deaths: 963,693— Total recoveries: 21,394,593Map.
  2. U.S.: Total confirmed cases as of 1 a.m. ET: 6,856,884 — Total deaths: 199,865 — Total recoveries: 2,615,949 — Total tests: 95,841,281Map.
  3. Health: CDC says it mistakenly published guidance about COVID-19 spreading through air.
  4. Media: Conservative blogger who spread COVID-19 misinformation worked for Fauci's agency.
  5. Politics: House Democrats file legislation to fund government through Dec. 11.
  6. World: U.K. upgrades COVID alert level as Europe sees worrying rise in infections — "The Wake-Up Call" warns the West about the consequences of mishandling a pandemic.

Texas and Louisiana face fresh flood threat from Tropical Storm Beta

Tropical Storm Beta slowly approaching the Texas coast on Monday. Photo: National Weather Service/Twitter

Tropical Storm Beta crossed the Texas coast near the southern end of the Matagorda Peninsula late Monday, the National Hurricane Center said, bringing with it the risk of "life-threatening storm surge" and flooding to parts of Texas and Louisiana.

What's happening: Texas Gov. Greg Abbott (R) made a disaster declaration and Louisiana Gov. John Bel Edwards (D) declared a state of emergency, as the states began feeling the impact of the slow-moving storm — which was causing coastal flooding along the bays near Houston and Galveston in Texas, and the Gulf of Mexico Monday, per the National Weather Service.

Louisville police declare state of emergency as Breonna Taylor decision looms

A demonstrator holds up a sign of Breonna Taylor during a protest in Louisville, Kentucky. Photo: Brandon Bell/Getty Images

The Louisville police chief declared in a memo obtained by news outlets a "state of emergency" for the department on Monday to prepare for Kentucky Attorney General Daniel Cameron's expected announcement on the Breonna Taylor case.

Of note: Louisville has witnessed more than 115 days of protests over the police killing of Taylor, an unarmed Black woman, with calls for all the officers involved to be charged.

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