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Photo: Alex Wong/Getty Images

White House spokesperson Hogan Gidley called media speculation that President Trump may fire Anthony Fauci "ridiculous" on Monday, though he did not address why the president retweeted a tweet on Sunday night that said "Time to #FireFauci."

The big picture: Trump's retweet came hours after Fauci, who has become a trusted voice and the face of the federal coronavirus response for many Americans, acknowledged that the U.S. could have saved more lives by enacting social distancing much earlier than it had.

What he's saying:

“This media chatter is ridiculous — President Trump is not firing Dr. Fauci. The President’s tweet clearly exposed media attempts to maliciously push a falsehood about his China decision in an attempt to rewrite history. It was Democrats and the media who ignored Coronavirus choosing to focus on impeachment instead, and when they finally did comment on the virus it was to attack President Trump for taking the bold decisive action to save American lives by cutting off travel from China and from Europe. Dr. Fauci has been and remains a trusted advisor to President Trump.”
— White House spokesman Hogan Gidley

Go deeper: Trump's #FireFauci retweet could unleash simmering conservative backlash

Go deeper

Erica Pandey, author of @Work
38 mins ago - Economy & Business

What's really going on with the labor market

Source: YCharts

The labor market is showing some signs of improvement: Jobless claims fell to 730,000 — a dramatic drop from 841,000 the previous week. And the latest jobs report showed a pandemic-era low unemployment rate of 6.3%

But, but, but: That's not the full story, experts say.

Felix Salmon, author of Capital
46 mins ago - Economy & Business

Markets see rare convergence milestone

Expand chart
Data: YCharts; Chart: Axios Visuals

A milestone was reached in the markets Thursday: The yield on the 10-year Treasury note rose to match the dividend yield on the S&P 500

Why it matters: The two yields have been inverted since the beginning of last year, which is historically unusual.

Mike Allen, author of AM
2 hours ago - Economy & Business

First look: Business puts muscle behind Biden

Business Roundtable, the voice of America's top CEOs, today launched "Move the Needle," a campaign to support President Biden in rolling out COVID vaccines, increasing vaccine uptake and encouraging masks.

What they're saying: "Masks and vaccines are working. Now is the time to keep at it, overcome pandemic fatigue, and double down on the measures that will end this public health and economic crisis, said Business Roundtable president and CEO Josh Bolten.