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

The Wall Street Journal
Good morning,
You’ve Been Trumped
Anyone who thought—or hoped—that Donald Trump’s rambunctious bid for the presidency had been derailed last week in Iowa will have been disabused last night. The radical populist seized his first victory of 2016 Tuesday in the New Hampshire primary. Trampling over skepticism about whether he could translate his huge crowds and high poll numbers into electoral victory, he won the Granite State GOP race by more than two-to-one over his nearest rival. Even better for Mr. Trump, the scramble of challengers vying to dislodge him just a got a lot more complicated. A surge of late-deciding voters catapulted Ohio Gov. John Kasich from far back in the pack to second place, propelling him on to at least another contest in South Carolina, the site of the next Republican contest a week from Saturday. Ted Cruz edged out Jeb Bush for third place, but Marco Rubio had a disappointing night and acknowledged that his weak showing was the direct result of his calamitous debate performance on Saturday. Chris Christie, Mr. Rubio’s tormentor in the debate, finished a distant sixth and announced that he was returning to New Jersey to ponder the future of his campaign. South Carolina is a very different place with more evangelicals and conservative voters, but so far at least Mr. Trump seems to have a solid lead there. See presidential race exit poll results from the primaries here.
Bern-ed Alive
Bernie Sanders trounced Democratic rival Hillary Clinton in the New Hampshire primary. With almost all precincts reporting, Mr. Sanders had 60% of the vote compared with 38% for Mrs. Clinton. It was an impressively comprehensive victory for the self-described socialist from the next-door state of Vermont. He defeated Mrs. Clinton among women and swept all age categories except voters over 65, surveys of voters as they exited polling precincts showed. Strikingly, a large number of Democratic voters expressed doubts about Mrs. Clinton’s honesty—and those voters overwhelmingly chose Mr. Sanders. The first contests in the race for the Democratic presidential nomination have exposed a generational split among women voters, revealing that young female Democrats may have more in common with the young men backing Mr. Sanders than with older women backing Mrs. Clinton. The Democratic race moves to Nevada, where demographic circumstances may favor Mrs. Clinton. But, any thought of a coronation for the former first lady and secretary of state is now long gone. Read our commentator Gerald Seib’s take on a big night in the presidential election here.
The World on Fire
Concerns are persisting over the health of the global economy. The selloff is already spreading to a risky breed of European bank debt called contingent convertible bonds, or Cocos, which has dropped on average about 12 cents on the dollar this year, according to strategists at Barclays. Investors and executives are struggling amid the carnage to identify a clear reason for the sudden loss of confidence in European banks. Global stocks staged a partial recovery today as investors bought up recently hit banking shares in Europe, while Asian markets continued to fall. Meanwhile, the economic tumult is expected to color U.S. Federal Reserve Chairwoman Janet Yellen’s House testimony at 10 a.m. Eastern time.
Sharing the Load
As men share in more housework, laundry is actually one of the chores they mind least, according to marketers. Detergent and washing machine makers are researching male behavior more, adjusting scents and products and reaching out more to male customers directly. The findings show that men typically do laundry their own way. They are much more likely than women to always use the “normal” cycle on their washers, and more likely to use the same cycle every time on their dryer, Whirlpool says. Women, on the other hand, tend to prefer intricate sorting, careful selection of specialized settings and precise folding routines, a process Whirlpool calls “art.”
TODAY'S VIDEO
What Do Kids Think of a Donald Trump Rally?
That Was Painless
Donald Trump rallies are boisterous, brazen and sometimes punctuated with profanity. What impression did Mr. Trump leave with children in attendance at his final rally before the New Hampshire primary? WSJ’s Jason Bellini reports.
TOP STORIES
U.S.

Supreme Court Puts EPA Carbon Rule on Hold During Litigation

Obama Administration Proposes New Taxes on Oil Industry, Boost to Clean-Energy Funding
WORLD

Taiwan Arrests Developer and Architects of Collapsed Apartment Building

Saudi Offer on Syria Reflects Heightened Anxiety Over Outcome
BUSINESS

How a Sanofi Diabetes Bet Went Wrong

Disney Earnings Surge on ‘Star Wars’
MARKETS

Stock Turmoil Scuttles Another IPO

Canada’s Algonquin to Buy Empire District Electric for $2.4 Billion
NUMBER OF THE DAY
$4.1 trillion
The size of the fiscal budget proposed by President Barack Obama, in a plan designed to find a few spots of bipartisan agreement while also laying out a broader liberal policy agenda for a potential future Democratic administration.
QUOTE OF THE DAY
The problem is that she needs an overarching message other than ‘I’m almost as far left as Bernie but not quite.’
Douglas Schoen, a former adviser to Bill Clinton, on the slow start to Mrs. Clinton’s presidential campaign.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on the election results? 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 question on the market volatility, Jay Davidson of Colorado wrote: “Markets always become unstable, volatile, prior to a major change. One has only to look at the underlying economy, and it’s severe lethargy, to see that the stock market was out of touch. One thing about free markets, they are slow, but efficient and brutal, and will eventually correct to reality.” Augusta Era Golian of Texas noted: “It concerns me that there are deeper issues at work roiling the markets. One is that too many financial resources are involved in risky bets and not enough in “making money the old fashion way”. The second is that technology and the gradual global balance of wages is beginning to seriously impact world work and consumer models. I am not sure the current set of world governments can manage either or both.” Roy Farrow of Nevada commented: “It’s not volatility, it’s a correction. Free money can only be available for a limited time, in this case seven years, the longest in our history. It’s high time that money moves out of the stock market bubble. Remember for every loser, there’s a winner.”
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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