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The fast-food chain is installing self-help kiosks at 1,000 restaurants this year, the Associated Press reports. This is the sort of anecdote brandished by those who warn of the effects of automation on the labor market. But if there were automation invading the American labor market, business would be producing more with fewer workers, and the data is saying they're not — at least yet.

Something has to give: According to Jim O'Sullivan of High Frequency Economics, who says that high stock valuations — the Dow will shoot for its 12th straight record close Monday — and measures of consumer and business confidence in recent surveys cannot exist beside a Washington D.C. that gets little done.

Investors of the edges of their seats: Treasury Secretary Steve Mnuchin told Fox News Sunday that President Trump will address tax reform during his speech on Tuesday, and that the forthcoming budget won't cut entitlement programs. This appears to limit the ability to propose big, stimulative tax cuts to workers and businesses, but Wall Street will be hungry for specifics.

Go deeper

J&J and Merck to partner for COVID vaccine production to boost supply

Empty vials that contained a dose of the Johnson & Johnson vaccine against the COVID-19. Photo: Phill Magakoe/AFP via Getty Images

President Biden will announce Tuesday that pharmaceutical giant Merck will help Johnson & Johnson manufacture its newly authorized coronavirus vaccine to boost supply, a senior administration official tells Axios.

The big picture: The development has the potential to vastly increase supply, possibly doubling what the J&J could make on its own, the official said. The company has run into challenges while trying to expand its vaccine production to a global scale.

Casinos throw cash at sports betting media

Illustration: Sarah Grillo/Axios

Casinos are investing millions on sports betting content to lure bettors to their online and in-person sportsbooks.

Why it matters: It’s a mini gold rush for some sports media companies that were struggling in the pandemic.

Ben Geman, author of Generate
30 mins ago - Energy & Environment

Global carbon emissions rebound to pre-COVID levels

Newly released data show that global CO2 emissions had returned to pre-pandemic levels by the end of last year and surpassed them in some major economies.

Why it matters: The International Energy Agency warned that clean energy efforts are falling short.