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

The Wall Street Journal
Good morning,
Curve Ball
Bond-market interest rates are sending strange and conflicting signals about the direction of the U.S. economy. Strengthening economic data at home are raising the possibility of an early hike in Federal Reserve rates but plummeting interest rates overseas are pushing in the opposite direction. A hail of positive reports yesterday showed consumer prices and industrial production rising, bolstering expectations that the central bank may consider a rate increase at its next meeting in June, a move that until recently had been considered all but off the table. Investors sold short-term government notes, sending yields higher, while many offshore investors have been buying longer-term bonds, driving those rates lower. The swings narrowed the gap between short-term and long-term rates, known as the yield curve, sending it to its flattest reading since December 2007. If the yield flattens or even inverts, it often signals recession. But this time analysts believe its moves are being warped by the aggressive monetary policy in Europe and Japan.
On It Goes
Sen. Bernie Sanders won the Democratic primary in Oregon yesterday, where Donald Trump was the victor for the GOP, but the Kentucky race remains narrow. With 99% of precincts reporting, Hillary Clinton led her Democratic rival by less than 1 percentage point. While she has amassed a nearly insurmountable lead in gathering the 2,383 delegates needed to clinch the party’s nomination, Mrs. Clinton has been lumbering toward the finish line while fending off attacks from Messrs. Sanders and Trump. The only way Mr. Sanders could catch her would be to amass a large number of superdelegates, a challenge likely more difficult now after his supporters, angry over the handling of delegate allocation at a Nevada convention on Saturday, issued death threats to the state’s party chairwoman. Meanwhile, a financial-disclosure form revealed yesterday that Mrs. Clinton and her husband have earned $6.7 million from paid speeches since the beginning of 2015.
Mind the Gap
When it comes to the gender pay gap in the U.S., highly educated women fare worst of all compared with their male colleagues. Our examination of pay in 446 major occupations found that women in many elite jobs earn well below men, and the biggest gaps don’t easily lend themselves to legislative remedies. Our findings belie policy makers’ hope that the most-educated women would lead the way in shrinking the gap. Many white-collar jobs give substantially larger financial rewards to those logging the longest hours and who job-hop often, phenomena that limit white-collar women who pull back for child-rearing. Of the 10 major occupation groups where women’s earnings lagged behind most, five were in finance. Executives and policy makers are weighing ways to impose greater equality, with ideas such as limiting employers from asking about salary histories. View our interactive graphic of the gender pay gap by occupation and share your own experience.
Snackable Play
Children are starting to play the way they eat, which means a lot of snacking. Manufacturers are making toys portable and compact as children play more on-the-go. The bite-sized games take a page from the growing popularity of snack foods, presented in crinkly foil bags, resealable zip-lock containers and yogurt cups. Companies are strategically placing the impulse items near candy at checkout and hoping parents will buy more of the lower-price point toys. Meanwhile, new research shows that the hardest time for parents is when their children leave play time behind. Mothers feel more anxious, dissatisfied and doubtful about their own parenting skills when their children are in middle school than at any other stage. The turbulence that hits sixth- through eighth-graders often begins with the onset of puberty, when mothers also lose touch with other elementary-school parents.
TODAY'S VIDEO
Hands-Free Trucking
That Was Painless
Ottomotto, a Silicon Valley startup, plans to build hardware that will enable existing 18-wheeler trucks to operate on highways without driver intervention.
TOP STORIES
U.S.

Earthquake Early Warning Systems Taking Too Long to Roll Out, Scientists Say

Obama Administration Extends Overtime Pay to Millions
WORLD

Armed Gangs Confound Venezuela’s Bid to Exploit Gold Mines

Better Roads Grease the Wheels of India’s Economy
BUSINESS

Apple Looks to India for Growth

Highmark Sues U.S. Over Affordable Care Act
MARKETS

Bankruptcy Watchdogs Say McKinsey Disclosures Are Inadequate

A Cheese Glut Is Overtaking America
NUMBER OF THE DAY
$1.1 billion
Emergency funding advanced by the Senate yesterday to combat the Zika virus, a greater sum than House Republicans want.
QUOTE OF THE DAY
There is a deficit in the government strategy, a deficit in planning and a deficit in the management of the security battle.
Ahmed al-Shireifi, a Baghdad-based security analyst, on a shift in strategy by Islamic State that has the Iraqi government looking paralyzed. Bombings almost every day over the past week in or around Baghdad have killed at least 194 people.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on our findings about the gender pay gap? 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 Berkshire Hathaway’s bet on Apple, Don Schofield of Florida said: “‘If it ain’t broke, don’t fix it.’ I’d say Warren Buffett’s past policy of not investing in technology companies has been a big winner. Why change it now?” Ken Keeney of Illinois wrote: “Concerning Berkshire Hathaway’s Apple disclosure, it’s a sign the ‘torch’ is being passed.” Nick Pernisco of Washington opined: “These managers better find value during turmoil like 2008, as Mr. Buffett did, in order for investors to crown them worthy successors to the throne.” And Joel Rossmaier of Arkansas weighed in: “Kudos to Mr. Buffett for having the vision to plan for the future, the confidence to hire very smart individuals and the courage to let them implement decisions that he personally might not have taken…Too many executives in similar positions today are unwilling to accept the responsibility they have to do all they can to ensure that the companies they head will be able to prosper without them.”
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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