Richard Drew / AP

Unpredictability spooks markets: The VIX—Wall Street's go to measure of future volatility—jumped 12% on Monday, the largest one-day increase since early November. Low volatility was one of the more dubious features of the 2017 stock market. The Trump administration may have business-friendly intentions, but yesterday's declines show the downside of unpredictability.

Aetna report earnings before the bell this morning: The health insurer's outlook may provide a hint of the sector's strategy going forward as the Trump administration pulls efforts to sign up Obamacare enrollees.

Signs of rising inflation? Released at 8:30, the Employment Cost Index is the most comprehensive gauge of rising compensation available. If we see a big spike in the Q4 2016 reading, the market will take that as evidence that the Fed will raise rates more aggressively this year.

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Updated 52 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Fauci: Trump hasn't been to a COVID task force meeting in months — Trump claims COVID "will go away" during debate.
  2. Sports: The youth sports exodus continues — Big Ten football is back.
  3. Health: How to help save 130,000 livesFDA approves Gilead's remdesivir as treatment How the pandemic might endMany U.S. deaths were avoidable.
  4. Retail: Santa won't greet kids at Macy's this year.
  5. World: Spain and France exceed 1 million cases.
1 hour ago - Health

Fauci: Trump hasn't been to a COVID task force meeting in months

Photo: Drew Angerer/Getty Images

President Trump has not attended a White House coronavirus task force meeting in “several months,” NIAID director Anthony Fauci told MSNBC on Friday.

Why it matters: At the beginning of the pandemic, the task force, led by Vice President Mike Pence, met every day, but in the "last several weeks," members have held virtual meetings once a week, Fauci said, even as the number of new cases continues to surge in the country.

2 hours ago - Health

How to help save 130,000 lives

People wear face masks outside Grand Central Terminal in New York City. Photo: Noam Galai/Getty Images

Nearly 130,000 fewer people will die of COVID-19 this winter if 95% of Americans wear face masks in public, according to research published Friday.

Why it matters: “Increasing mask use is one of the best strategies that we have right now to delay the imposition of social distancing mandates," Dr. Christopher Murray of the University of Washington told the N.Y. Times.