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

The Wall Street Journal
Good morning,
You’re Hired!
Donald Trump almost certainly snared the Republican Party’s presidential nomination by winning a sweeping victory in Indiana’s primary yesterday and forced his chief rival Sen. Ted Cruz from the race. Mr. Trump’s decisive win didn’t mathematically clinch the GOP nomination, but with nine states to go, he needs less than half of the remaining bound delegates to become the nominee and now that Sen. Cruz is out of the race his victory seems a formality. His overnight transformation from a candidate scorned by the Republican establishment to the party’s presumptive presidential nominee ramps up pressure on GOP leaders and elected officials to fall in line behind him—or find some sort of third party alternative. RNC Chairman Reince Priebus quickly rallied behind the New York businessman after his victory, calling him the presumptive nominee in a tweet. Yesterday’s results demonstrate that Mr. Trump has broadened his base in the GOP, though his win comes at the tail end of a nominating contest that has defied convention and splintered the party.
Feel the (Lingering) Bern
Sen. Bernie Sanders won Indiana’s Democratic contest, giving his flagging presidential campaign ammunition to press forward and making plain front-runner Hillary Clinton’s persistent trouble unifying the Democratic Party. But even with the win, Mr. Sanders faces a wide deficit in convention delegates and virtually no chance to close the gap. His victory creates an odd split-screen for the Democrats, with the Clinton campaign increasingly focused on Donald Trump even as Mr. Sanders lays bare her weakness with a large slice of Democrats. Exit polls showed he again beat her among young people, white voters, political independents and people who most value honesty in a candidate. This month is likely to bring Mr. Sanders additional wins in a string of primaries in Nebraska, West Virginia, Oregon and Kentucky. It raises the odd spectacle that the Democratic race will actually go longer than the Republican one.
Oil Rough Patch
U.S. refiners, which posted robust profits in the last 18 months even as other parts of the oil business were racked by low crude prices, finally saw their roll come to a halt in the first quarter. Many refining businesses reported earnings for the period that were down roughly by half from a year earlier. That decline helped sour results for oil giants such as Valero and Exxon Mobil. Two trends have helped upend the refining boom: U.S. crude is no longer trading at a steep discount compared with oil from other parts of the world and American exports of gasoline and diesel are pushing into increasingly well-supplied foreign markets. While refiners are in better shape than during the industry’s most recent challenging times in 2009, the lower returns illustrate how the price crash is finally reaching a piece of the business that had been insulated.
Me, Myself and I
Your boss says relax. A handful of companies have begun offering workers paid “me time” to devote to themselves, in addition to regular vacation time and personal and sick days. Outdoor outfitter REI’s 13,000 employees get two paid “yay days” annually to commune with nature. At a nonprofit group focused on education, staff members get twice-a-year “Ferris Bueller” days, named for the 1986 Matthew Broderick movie about students who skip school for the day. Bosses say stressed employees need guilt-free time to switch off from the smartphone-enabled workday. And workers need a little prodding to take time off: While Americans get an average of 21 paid vacation days a year, they forfeit an average of 4.9 of them. But some human-resources experts are skeptical of the new flavors of time off, saying the idea is more marketing than management.
TODAY'S VIDEO
Just Browsing
That Was Painless
Double your Web productivity with the right browser and a toolbox of tips: Personal Technology columnist Joanna Stern reviews Chrome, Safari, Edge and Firefox.
TOP STORIES
U.S.

Sheldon Silver Sentenced to 12 Years in Prison

Videogamers Are Recruited to Fight Tuberculosis and Other Ills
WORLD

U.S. Navy SEAL Killed in Islamic State Attack in Iraq

China Presses Economists to Brighten Their Outlooks
BUSINESS

Millennials Change the Complexion of the Beauty Business

Soda Sales in Mexico Rise Despite Tax
MARKETS

High Anxiety: Markets Get Roiled

The Hottest Metric in Finance: ROIC
NUMBER OF THE DAY
1.5 million
The number of new car and light-truck sales in the U.S. in April, a 3.6% increase from a year earlier and a monthly high that bodes well for Detroit auto makers aiming for record 2016 profits.
QUOTE OF THE DAY
I can assure you that people are still playing ping pong at Yahoo.
Yahoo spokeswoman Carolyn Clark on the correlation between sales of ping-pong tables to companies in Silicon Valley and venture-capital deals, both of which dropped during the first quarter. Yahoo has been hit hard by shrinking revenue.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on the Indiana primary results? Send your comments, which we may edit before publication, to 10point@wsj.com. Please include your name and location.
—Compiled by Margaret Rawson
READER RESPONSE
Responding to yesterday’s question on Puerto Rico’s debt crisis, Jim Hogan of Montana opined: “Puerto Rico should be allowed to file for protection from its many creditors under the bankruptcy code. A filing would allow for an orderly negotiation and/or restructuring of the island’s various debts, including its pension obligations, in the same manner as played out in Detroit. I see no justification whatsoever for U.S. taxpayers to provide a ‘bailout.’ That would establish a dangerous precedent.” Paul Dembry of California wrote: “Puerto Rico’s ‘debt crisis’ did not suddenly fall out of the sky but rather has been building for years. It is a condition known as ‘living beyond your means’ and always ends the same way.” Mike Schiller of Arizona commented: “Puerto Rico should either become a state or a separate country.” And Massimo Piras of Belgium weighed in: “Puerto Rico is like America’s Greece. And with the world awash in debt, it most certainly won’t be the last!”
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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