Mark Lennihan / AP

Despite market optimism about the Trump agenda, Barron's sees (paywall) "modest" growth this year and next.

"Hopes for an Economic Trump Jump Look Overblown: Netted out, the negatives and positives of the president's proposals don't point to any acceleration in GDP expansion," by columnist Gene Epstein:

The U.S. economy under President Barack Obama expanded at the tepid annual rate of 2.1%, the slowest since World War II. The Trump administration claims that growth can now accelerate to 3% to 4%. In the dicey world of forecasting, almost nothing can be ruled out. But, sad to say, between now and the end of 2018 at least, the net effect of Trump and his policies should result in the economic expansion continuing at the same dismal pace.

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"Hamilton" is a streaming hit for Disney+

Data: Google Trends; Chart: Andrew Witherspoon/Axios

The debut of "Hamilton" on Disney+ last Friday sent downloads of the app soaring over the weekend.

Why it matters: With theaters closed until 2021, "Hamilton" is the biggest litmus test for whether Broadway will ever be able to successfully transition some of its iconic hits.

Wall Street is no longer betting on Trump

Illustration: Sarah Grillo/Axios

Betting markets have turned decisively toward an expected victory for Joe Biden in November — and asset managers at major investment banks are preparing for not only a Biden win, but potentially a Democratic sweep of the Senate and House too.

Why it matters: Wall Street had its chips on a Trump win until recently — even in the midst of the coronavirus-induced recession and Biden's rise in the polls.

With new security law, China outlaws global activism

Illustration: Eniola Odetunde/Axios

The draconian security law that Beijing forced upon Hong Kong last week contains an article making it illegal for anyone in the world to promote democratic reform for Hong Kong.

Why it matters: China has long sought to crush organized dissent abroad through quiet threats and coercion. Now it has codified that practice into law — potentially forcing people and companies around the world to choose between speaking freely and ever stepping foot in Hong Kong again.