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

The Wall Street Journal
Good morning,
A Last Stand
GOP voters are at a key moment in the presidential race that will decide whether Republican front-runner Donald Trump secures his lead over his challengers or if the party heads for a contested national convention in July. Home wins tomorrow for Ohio Gov. John Kasich and Florida Sen. Marco Rubio would likely chart such a course, with each candidate hoping that he can prevail at a convention where no one enters with a majority. Mr. Trump appears to hold a big lead in the Sunshine State ahead of Mr. Rubio, whose longtime supporters are hoping for a miracle. But in Ohio, polls suggest the businessman is behind Mr. Kasich, who is betting his entire candidacy on winning his home turf. Meanwhile, rivals and many high-profile Republicans have united to decry the recent violence at Trump rallies as an alarming extension of Mr. Trump’s rhetoric.
Deadly Attacks
For the second time in less than a month, Turkey’s capital has come under violent attack. A car bomb struck central Ankara last night, killing at least 37 and wounding more than 120, raising fears that the country is heading into war. While there were no immediate claims of responsibility, officials in Ankara said the attack appeared to be the work of the PKK, Kurdish separatists entangled in a conflict with Turkish security forces over rights and autonomy. Hours after the bombing, Turkish jets carried out airstrikes on PKK positions in Iraq. The bombing is likely to further complicate the fight against Islamic State in which Turkey is an unenthusiastic ally, as it prioritizes its own wars against Bashar al Assad and Kurdish forces. Meanwhile in West Africa, gunmen attacked beachgoers in the Ivory Coast resort town of Grand Bassam yesterday, killing at least 16 and confirming fears that terrorists in the region are widening their operations. Al Qaeda in the Islamic Maghreb, which was behind similar attacks in recent months in Mali and Burkina Faso, claimed responsibility for the assault.
Going in Reverse
The term “subprime loan” strikes fear into the heart of many an investor. But forget, if you can, the mortgage loans that were central to the last financial crisis, it is early defaults in subprime auto loans that are now raising concerns. We report that some of these loans packaged up in recent bond issues are showing cracks, with high levels of missed payments and in a small number of cases where borrowers have filed for bankruptcy or had vehicles repossessed. Bond issues backed by U.S. subprime auto loans topped $27 billion last year, the highest in a decade and a 25% increase from 2014. Some say the appetite for auto debt is what is fueling the boom, and expect defaults to rise. But many analysts brush off suggestions of a subprime auto-loan bubble, pointing to low gas prices and stable unemployment rates.
The Other, Other Reality
Virtual reality has been long thought of as the next great technological frontier. But, as our Keywords columnist Christopher Mims writes, it is its often misunderstood cousin that offers a more exciting prospect. Nearly every major tech company is investing in augmented reality, or AR—its expected usefulness in business applications being a major driver. AR creates displays that exist only in front of one’s eyes, opening up the possibility of infinitely portable workspaces and a screenless world. AR’s technical challenges are possibly even greater than those with VR, and engineers say a really good version would require computing power equivalent to that of a self-driving car. Though the most famous example of AR, Google Glass, has largely been a failure, technologists believe the ability to project a virtual screen on to any surface will be possible within five years.
TODAY'S VIDEO
ExoMars: Europe’s Mission to Mars Takes Off
That Was Painless
Europe’s first mission to Mars since 2003 was launched from Kazakhstan on Monday. Coined ‘ExoMars’, its mission is to search for past and present life on the Red Planet by studying gasses in the atmosphere. Dipti Kapadia reports.
TOP STORIES
U.S.

Cities Grapple With Rising Murder Rates

Politicians Battle ‘Ghosts’ in Chicago
WORLD

Doctors Who Treated Germanwings Co-Pilot Refused to Assist in Crash Probe

Protesters Rally in Brazil Against Governing Party
BUSINESS

Madison Avenue Grapples With a Lack of Diversity

Why Monsanto’s Biotech-Food Business Isn’t Growing in India
MARKETS

ECB’s Cheap Loans Highlight Rift Among Europe’s Banks

The Coffee-Break Loan: Business Owners Promised Money in Five Minutes
NUMBER OF THE DAY
24%
The share of the vote that the populist Alternative for Germany party won in the eastern state of Saxony-Anhalt in German elections on Sunday, dealing a stinging rebuke to Chancellor Angela Merkel and her open-door refugee policy.
QUOTE OF THE DAY
The food industry historically was based on trust. And now it is trust but verify.
Randy Fields, chief executive of ReposiTrack, whose software allows companies to log inspection and other reports throughout the supply chain, in our story about companies’ growing efforts to meet consumer demand for more information about the content of their food.
TODAY'S QUESTION
Do you research how the food you eat was produced? Send your comments, which we may edit before publication, to 10point@wsj.com. Please include your name and location.
—Compiled by Yogita Patel
READER RESPONSE
Responding to Friday’s question on products that are marketed as eco-friendly or safer than more mainstream household goods, Leonard Tymoszek of Michigan commented: “I try to be as eco-friendly as possible in the household products that I use to offset the ones that I have little to no control of in my daily life.” Tom Lindemann of California said: “Most of the eco-friendly products are a hocus-pocus marketing scheme to extract more revenue from the generations that have been raised with the notion that they are better, but The Honest Company’s dishonest product brings to light the dark side of this industry.” And Roger Crain of Maryland weighed in: “The Honest Company is not being completely honest. Their ‘sodium coco sulfate’ is made from coconut oil, which has a fatty acid composition of about 50 percent lauric acid (from which sodium lauryl sulfate [SLS] is made) and far lesser amounts of six to eight other fatty acids such as capric, myristic and palmitic. Therefore, SLS is, by far, the main ingredient in The Honest Company’s ‘sodium coco sulfate.’ In other words, there’s essentially no difference between the hoity-toity brands and your mom’s laundry soap…except (surprise!) price.”
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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