1) The U.S. is expected to have added 175,000 new jobs in December

A solid figure, and inline with the 180,000 rate for the first 11 months of 2016. That's more than enough jobs per month to keep the unemployment rate—already at the historically low level of 4.6%—headed lower, according to Jim O'Sullivan, Chief U.S. economist with High Frequency Economics.

2) The U.S. will be energy independent in 10 years,

the Energy Information Administration estimates, thanks to shale gas. This could have huge implications for U.S. foreign policy, taking pressure of the United States to maintain order in the Middle East, where the majority of oil reserves lie.

3) China is trying to boost its currency as its economy slows.

Chinese officials have instructed state-owned banks in Hong Kong—where the currency trades more freely than the mainland—to restrict lending to other banks. This drives up the cost of borrowing yuan, which makes it more expensive to short the currency. This runs counter to Trump's narrative that China keeps the value of its currency low to make their exports cheaper.

What to watch for today:

Average hourly earnings from today's payroll report at 8:30am. Evidence of accelerating wage gains could force the Fed to raise rates again sooner rather than later.

Go deeper

Updated 9 mins ago - Health

World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

New Zealand Prime Minister Jacinda Ardern said it's too early to say whether next month's elections will be postponed after she announced Tuesday four people had tested positive for COVID-19 after no local cases for 102 days.

Zoom in: NZ's most populous city, Auckland, has gone on lockdown for 72 hours and the rest of the country is under lesser restrictions.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Global: Total confirmed cases as of 8 p.m. ET: 20,188,678 — Total deaths: 738,668 — Total recoveries: 12,452,126Map.
  2. U.S.: Total confirmed cases as of 8 p.m. ET: 5,138,850 — Total deaths: 164,480 — Total recoveries: 1,714,960 — Total tests: 63,252,257Map.
  3. States: Georgia reports 137 coronavirus deaths, setting new daily record Florida reports another daily record for deaths.
  4. Health care: Trump administration buys 100 million doses of Moderna's coronavirus vaccine.
  5. Business: Moderna reveals it may not hold patent rights for vaccine.
  6. Sports: Big Ten scraps fall football season.

Voters cast ballots in Minnesota, Georgia, Connecticut, Wisconsin and Vermont

Photo: Spencer Platt/Getty Images

Primary elections are being held on Tuesday in Minnesota, Georgia, Connecticut, Vermont and Wisconsin.

The big picture: Georgia and Wisconsin both struggled to hold primaries during the coronavirus pandemic, but are doing so again — testing their voting systems ahead of the general election. Rep. Ilhan Omar (D-Minn.) is facing a strong challenger as she fights for her political career. In Georgia, a Republican primary runoff pits a QAnon supporter against a hardline conservative.