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The 10-Point: My Guide to the Day's Top News

The Wall Street Journal
Good morning,
Team Trump
With the Iowa caucuses days away, some unexpected plot twists are raising questions for the U.S. presidential race ahead. Today we publish our comprehensive preview of one of the most surprising election campaigns so far in recent memory. The unexpectedly enduring candidacy of Donald Trump in the 2016 GOP primary has revealed a seething slice of mostly white America, untethered from either political party, in search of a voice in the national debate. We take a close look at some of his supporters. Meanwhile, his presidential campaign said he plans to skip the Fox News debate Thursday in Des Moines, in the latest turn in its long-running dispute with the TV network. And three different dynamics are raising the prospect that delegates to the Republican convention could arrive in Cleveland in July without a clear first-ballot winner, something that hasn’t happened in American politics in decades.
The Galloping Greenback
As U.S. Federal Reserve officials prepare to release interest-rate guidance today, investors are preparing for a new period of dollar strength, a trend that could intensify unrest throughout the world’s financial markets. The main action will come in today’s policy statement, due out at 2 p.m. ET, since Chairwoman Janet Yellen isn’t scheduled to hold a news conference. Here are five things to watch out for in the two-day policy meeting that started yesterday. Meanwhile, the cost of investing is nearing zero for some basic portfolios of stocks and bonds as firms duel for customers. But “loss leader” mutual funds and ETFs carry risks, too. And speaking of stocks, global markets mostly edged lower today, in line with oil prices and ahead of the Fed’s decision.
A Royal Gift
Doubts are swirling around a gift given by Saudi Arabia’s royal family to Malaysia’s prime minister. Malaysia’s attorney general, who is trying to end a scandal that has ensnared the country, said a nearly $700 million transfer to Prime Minister Najib Razak’s private bank account was a legal “personal donation” from the royal family. Malaysia’s antigraft agency said yesterday it plans to ask for a review of the attorney general’s decision to clear Mr. Razak of wrongdoing related to the transfer. Meanwhile, Iranian President Hassan Rouhani’s campaign to reintroduce Tehran to the West took a step forward yesterday with a high-profile audience with Pope Francis that focused on human rights and Iran’s role in Middle East conflicts.
Fashionably Late
While Smart TVs were supposed to send our idiot boxes to graduate school, most of our living rooms still have cable boxes, streaming media devices, Blu-ray players, gaming consoles and sound systems—along with the remotes to control them. Our columnist Joanna Stern tests eight different remote controls and gets back to us with her prescription. Meanwhile, forget early adopters. As product cycles get shorter, late adopters are emerging as an untapped marketing force, with important things to tell companies about the role new products should play. Because they tend to be highly critical, late adopters can also be useful to companies perfecting their wares.
TODAY'S VIDEO
How to Get Past a New York City Slush Puddle
That Was Painless
There are many ways to navigate the slush puddles left after a snowstorm. Some people choose to plow straight through. Photo: Adrienne Grunwald/Video: Jennifer Weiss
TOP STORIES
U.S.

U.S. Advisory Group Recommends Routine Depression Screening

Oregon Occupation Leader Ammon Bundy Arrested, One Dead, After Confrontation With FBI
WORLD

Denmark Pulls Back on Welcome Mat for Refugees

Former Syrian Rebel Mourns Uprising’s Failure
BUSINESS

BASF Profit Skids on Low Oil Prices, Takes Charge on Energy Assets

Iran Seeks Rapid Reboot for Natural Gas Exports
MARKETS

Amid Pressure, AIG Will Pare Down

RBS Hit by Almost $3.6 Billion of Provisions
NUMBER OF THE DAY
74.77 million
The number of iPhones that Apple said it sold in its fiscal first quarter ended Dec. 26, surpassing sales of 74.5 million units a year earlier. But the company said that was the slowest pace of iPhone sales growth since its introduction in 2007 and forecast that revenue in the current quarter will decline for the first time in 13 years, signaling an end to its recent period of hypergrowth. Apple shares had fallen 4.2% in pre-market trading.
QUOTE OF THE DAY
Tell him to come down and mop...The tide came in and he went back out to New Hampshire.
New Jersey resident Mike Boyle, 61 years old, on how New Jersey Gov. Chris Christie responded to damage from last weekend’s historic snowstorm and comments he made afterwards perceived as callous.
TODAY'S QUESTION
Referring to our quote above, what are your thoughts on the backlash that Mr. Christie has been facing? Send your comments, which we may edit before publication, to 10point@wsj.com. Please include your name and location.
—Compiled by Khadeeja Safdar
READER RESPONSE
Responding to yesterday’s questions about Bernie Sanders’ chances of winning the Democratic nomination, Bill Wood of California commented: “Bernie Sanders promises to tax the wealthy to give benefits to the masses. The vast majority of voters love freebies. He stands an excellent chance of getting the nomination and winning the presidency. If he were to add to his list of things to come drug tests for benefit recipients he would disappear from the scene.” Gordon E. Finley of Florida wrote: “The key to understanding Bernie’s campaign success is to recall the most memorable line from the old movie Network: ‘I’m fed up and I’m not going to take it anymore.’ As long as large swaths of the electorate remain alienated and view their life circumstances and future prospects bleakly, Bernie’s chances of capturing the nomination are excellent. Besides, he comes across as a nice guy and trustworthy!” But Matthew Moran of Washington said: “Even a Republican can see Bernie is about to get crushed by the Clinton campaign machine. Bernie’s current popularity is driven more by the networks and the newspapers than anything else. Once he falters in Iowa and again in New Hampshire he will be lucky to make page 3.”
This daily briefing is named "The 10-Point" after the nickname conferred by the editors of The Wall Street Journal on the lead column of the legendary "What's News" digest of top stories. Technically, "10-point" referred to the size of the typeface. The type is smaller now but the name lives on.
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