Pablo Martinez Monsivais / AP

Bloomberg suggests that a prime driver of Tesla stock's 40% rise since December 1st is the election of Donald Trump. That's because Tesla is the "poster child" for forward-thinking domestic manufacturing. Whether that's enough to get Trump on board with the clean energy policies that Tesla needs to thrive is another story.

New home sales hit a post-recession high: There were more new homes sales in 2016 than in any year since 2007. The recovery of the homebuilding industry has been circuitous, but the trend of an ever healthier residential-construction sector is unmistakable.

Union membership at an all-time low: The Labor Department says that the rate of union membership hit another all-time low, down to 10.7% in 2016 from 11.1% in 2015. In November, Republicans captured the highest share of union households since the 1980s, though there's no indication that the GOP will offer any policy that will help stem the decline of organized labor.

All talk on currency manipulation: Donald Trump promised to label China a currency manipulator on day one of his administration, but the president has steered clear of the issue since inauguration. That's fine with Bhanu Baweja of UBS, who told The Street that the move would be unjustified given China has long since reversed its cheap-renminbi policy, and that it would further destabilize the Chinese economy .

What we're watching: Advance estimates of fourth-quarter GDP will be released Friday morning and economists expect that growth will be dragged down by a higher trade deficit. Whether this is a bad thing is up for debate—exports grew, just not as fast as imports.

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Updated 9 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9:45 p.m. ET: 19,282,972 — Total deaths: 718,851 — Total recoveries — 11,671,491Map.
  2. U.S.: Total confirmed cases as of 9:45 p.m. ET: 4,937,441 — Total deaths: 161,248 — Total recoveries: 1,623,870 — Total tests: 60,415,558Map.
  3. Politics: Trump says he's prepared to sign executive orders on coronavirus aid.
  4. Education: Cuomo says all New York schools can reopen for in-person learning.
  5. Public health: Surgeon general urges flu shots to prevent "double whammy" with coronavirus — Massachusetts pauses reopening after uptick in coronavirus cases.
  6. World: Africa records over 1 million coronavirus cases — Gates Foundation puts $150 million behind coronavirus vaccine production.

Warren and Clinton to speak on same night of Democratic convention

(Photos: Abdulhamid Hosbas/Anadolu Agency via Getty Images, Sean Rayford/Getty Images)

Sen. Elizabeth Warren and Hillary Clinton both are slated to speak on the Wednesday of the Democratic convention — Aug. 19 — four sources familiar with the planning told Axios.

Why it matters: That's the same night Joe Biden's running mate (to be revealed next week) will address the nation. Clinton and Warren represent two of the most influential wise-women of Democratic politics with the potential to turn out millions of establishment and progressive voters in November.

Trump considering order on pre-existing condition protections, which already exist

Photo: Jim Watson/AFP via Getty Images

President Trump announced on Friday he will pursue an executive order requiring insurance companies to cover pre-existing conditions, something that is already law.

Why it matters: The Affordable Care Act already requires insurers to cover pre-existing conditions. The Trump administration is currently arguing in a case before the Supreme Court to strike down that very law — including its pre-existing condition protections.