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

The Wall Street Journal
Good morning,
Trump Cruises, Hillary Feels the Michigan Bern
Donald Trump tightened his grip on the Republican nomination with comfortable wins in Michigan, Mississippi and Hawaii yesterday. Texas Sen. Ted Cruz came first in the Idaho GOP primary and battled with Ohio Gov. John Kasich for second place in Michigan, while Sen. Marco Rubio fell further behind in another abject night for the Florida senator. In the Democratic primaries, Sen. Bernie Sanders pulled off a stunning win over Hillary Clinton in Michigan, but Mrs. Clinton easily captured Mississippi, completing a clean sweep of the Deep South. Last night’s results underscored an emerging, central reality of this election, writes our Washington bureau chief Gerald F. Seib: This is the year of the discontented white male, the demographic group propelling the campaigns of both Mr. Trump and Mr. Sanders. Meanwhile, a new poll finds that the prospect of a general-election fight between Mrs. Clinton and Mr. Trump doesn’t sit well with much of the electorate.
Two big shareholders have set off a bitter fight for control of United Continental. A pair of hedge funds is pushing to elect six directors to the company’s 12-person board and name former Continental Chief Executive Gordon Bethune as chairman. The face-off comes six months after United ousted its former CEO and a day after it moved to shake up the board on its own. It also comes just days before its new CEO, Oscar Munoz, is set to return to work after a January heart transplant that followed a heart attack he had shortly after taking the job. United responded angrily to the shareholders’ push, while Mr. Bethune said he wants to be the chairman of the struggling carrier’s board. “I don’t need this job,” the 74-year-old said in an interview. “But these are my friends over there, and they’re slowly sinking.”
China's Cash Clampdown
Chinese officials, trying to slow an unprecedented money exodus, are clamping down on individuals seeking to flee the yuan and making life tougher for companies that need to trade the currency for dollars to do business. Banks, in turn, have increased scrutiny of foreign-currency transactions by businesses ranging from Chinese entrepreneurs investing abroad to companies paying overseas bills. Regulators have said they aren’t too concerned about the outflows and that they haven’t been imposing new or additional capital controls. But in a stealth clampdown, officials have told banks to reduce foreign-currency transactions. Meanwhile, a critical change has come over a Chinese leadership that once had a reputation for pursuing economic goals with ruthless pragmatism, writes our columnist Andrew Browne. Today, political goals in Beijing trump economic ones.
Checking Out
The next time you go shopping, you may have trouble finding the cash register. Stores aiming to make the experience of paying more elegant, akin to private shopping, are moving the machine out of sight or eliminating it entirely. Sales associates walk the floors with mobile checkout devices or handle transactions in discreet nooks while customers relax. Hiding the cash register eliminates a pain point that keeps some shoppers from completing a purchase—having to wait in a visible line—and forces shoppers to interact with salespeople, which might encourage them to buy more. Eliminating the counter also frees up room to display more merchandise. For some shoppers, especially those accustomed to online shopping, these moves are a relief.
A New Galaxy
That Was Painless
Some aspects of Samsung’s new Galaxy S7 and S7 Edge may outshine the Apple iPhone 6s and Android rivals. But Personal Technology columnist Geoffrey A. Fowler wonders: Without a whiz-bang new feature, is it worth $680?

Fed Likely to Stand Pat on Rates, Keep Options Open for April or June

Housing Market Takes On Split Levels

Doubts Greet Merkel After Migrant Deal With Turkey

ECB Faces Difficult Balancing Act to Revive Eurozone Inflation

U.S. Pursues New Tack in VW Emissions Probe

China’s Car Makers Pioneer ‘Mild Hybrids’

Now Coming to the Commercial-Property Market: Defaults

Hopes of Trading Rebound Take a Hit
The number of years in prison Marcelo Odebrecht, the former CEO of South America’s biggest construction company, was sentenced for his involvement in a sprawling corruption scandal centered on Brazilian state oil company, Petrobras.
Physicians did not create the problem of drug pricing and its solution should not be on their backs.
Dr. Allen Lichter, CEO of the American Society of Clinical Oncology, a professional organization, on the Obama administration proposing a test program to see if lowering reimbursements for drugs administered by some Medicare doctors would prompt them to choose lower-cost, but equally effective, medications.
What are your thoughts on the Obama administration’s proposed test program to lower reimbursements for drugs administered by some Medicare doctors? Send your comments, which we may edit before publication, to Please include your name and location.
—Compiled by Margaret Rawson
Responding to yesterday’s question on former New York City Mayor Michael Bloomberg deciding not to run for U.S. president, Mary Herfurth of Minnesota wrote: “I’m disappointed that Michael Bloomberg isn’t running, as I would like a moderate candidate (fiscally conservative, socially liberal) who has experience bringing people together. Typically, I prefer a candidate with experience as a governor over other offices, as the decision-making experience at that level is a good indication of the candidate’s mettle. As the former mayor of NYC, he passed.” And Paquita Davis-Friday of New York commented: “I am extremely disappointed that Mayor Bloomberg chose not to enter the race. It is another example of a strong, capable leader opting out.” But Roy Farrow of Nevada weighed in: “Of course he could never win—the real question was what was he thinking?”
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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