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 46 mins ago - Politics & Policy

Supreme Court denies Pennsylvania GOP request to limit mail-in voting

Protesters outside Supreme Court. Photo: Daniel Slim/AFP via Getty Images

The Supreme Court on Monday denied a request from Pennsylvania's Republican Party to shorten the deadlines for mail-in ballots in the state. Thanks to the court's 4-4 deadlock, ballots can be counted for several days after Election Day.

Why it matters: It's a major win for Democrats that could decide the fate of thousands of ballots in a crucial swing state that President Trump won in 2016. The court's decision may signal how it would deal with similar election-related litigation in other states.

Microphones will be muted during parts of Thursday's presidential debate

Photos: Jim Watson and Saul Loeb/AFP via Getty Images

The Commission on Presidential Debates adopted new rules on Monday to mute microphones to allow President Trump and Joe Biden two minutes of uninterrupted time per segment during Thursday night's debate, AP reports.

Why it matters: In the September debate, Trump interrupted Biden 71 times, compared with Biden's 22 interruptions of Trump.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Politics: Trump says if Biden's elected, "he'll listen to the scientists"Trump calls Fauci a "disaster" on campaign call.
  2. Health: Coronavirus hospitalizations are on the rise — 8 states set single-day coronavirus case records last week.
  3. States: Wisconsin judge reimposes capacity limit on indoor venues.
  4. Media: Trump attacks CNN as "dumb b*stards" for continuing to cover pandemic.
  5. Business: Consumer confidence surveys show Americans are getting nervousHow China's economy bounced back from coronavirus.
  6. Sports: We've entered the era of limited fan attendance.
  7. Education: Why education technology can’t save remote learning.