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North Korean leader Kim Jong-un expressed a willingness to hold another summit with President Trump this year in his televised New Year’s address and issued a warning that continued U.S. sanctions could block a path to denuclearization, reports the AP.

The backdrop: The country's rhetoric on sanctions was similar last month, when it warned that such measures could lead "relations back to the status of [2017] which was marked by exchanges of fire." Since Trump and Kim’s June summit, denuclearization efforts have seen few concrete successes as Trump administration has moved to sanction North Koreans over issues like cyberattacks, money laundering and "serious human rights abuses and censorship."

Go deeper: We're still relying on Trump-Kim chemistry to prevent nuclear war

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Coronavirus surge punctures oil's recovery

Illustration: Aïda Amer/Axios

The growth of coronavirus cases is "casting a shadow" over oil's recovery despite the partial demand revival and supply cuts that have considerably tightened the market in recent months, the International Energy Agency said Friday.

Why it matters: IEA's monthly report confirms what analysts have seen coming for a long time: Failure to contain the virus is a huge threat to the market rebound that has seen prices grow, but remain at a perilous level for many companies.

2 hours ago - Sports

Big Ten's conference-only move could spur a regionalized college sports season

Illustration: Aïda Amer/Axios

The Big Ten announced Thursday that it will move all fall sports to a conference-only schedule.

Why it matters: This will have a snowball effect on the rest of the country, and could force all Power 5 conferences to follow suit, resulting in a regionalized fall sports season.

The second jobs apocalypse

Illustration: Aïda Amer/Axios

This week, United Airlines warned 36,000 U.S. employees their jobs were at risk, Walgreens cut more than 4,000 jobs, Wells Fargo announced it was preparing thousands of terminations this year, and Levi's axed 700 jobs due to falling sales.

Why it matters: We have entered round two of the jobs apocalypse. Those announcements followed similar ones from the Hilton, Hyatt, Marriott and Choice hotels, which all have announced thousands of job cuts, and the bankruptcies of more major U.S. companies like 24 Hour Fitness, Brooks Brothers and Chuck E. Cheese in recent days.