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

The Wall Street Journal
Good morning,
Hillary Makes History
Hillary Clinton declared victory Tuesday night in the Democratic presidential primary race, emerging from a bruising battle as the first woman within striking distance of the Oval Office. Though Sen. Bernie Sanders vowed at a late night rally in Santa Monica, Calif., to battle on to the Democratic National Convention in July, Mrs. Clinton’s victory was cemented with wins in New Jersey and New Mexico even before the polls closed in California, a state she also won. We report how Mrs. Clinton’s tough primary challenge has pushed her well to the left, while her candidacy represents the establishment in a year of outsiders, notes our Washington bureau chief Gerald F. Seib. Meanwhile, after House Speaker Paul Ryan called his comments racist, Donald Trump said his attacks on the federal judge handling his Trump University lawsuit have been “misconstrued.” The presumptive Republican nominee is getting a late start to fundraising and faces an uphill battle against Mrs. Clinton’s robust finance operation. California’s primaries for the Senate race in November also threw up another first, sending two Democrats—both minority women—into the runoff and denying a ballot spot to a Republican.
A Pioneer’s Last Days
Today we report that a two-month investigation by the Oklahoma City Police Department has found nothing to suggest Chesapeake Energy co-founder Aubrey McClendon committed suicide when he drove his Chevy Tahoe into a bridge on March 2, a day after he was indicted by a federal grand jury for allegedly rigging the price of oil and gas leases. The conclusions of the probe, which haven’t been previously made public, don’t rule out suicide, or describe the manner of Mr. McClendon’s death, and thus are unlikely to end the intrigue about the final hours of one of America’s most charismatic and controversial modern business figures. But investigators didn’t uncover anything in interviews with Mr. McClendon’s friends and associates—or in the fiery wreckage of the crash itself—to lead them to believe he was seeking to end his life.
How Low Can They Go
Yields on the 10-year government debt of Germany and the U.K. fell to all-time lows Tuesday, a stark demonstration of the modern era of scant inflation, weak growth and outsize monetary policy. The decline in British yields is remarkable, since the Bank of England hasn’t moved interest rates since 2009 nor changed its bond-buying program since 2012. Tumbling German bond yields this year have a more straightforward cause: the ECB’s move to progressively deeper negative rates and its continued buying of government bonds. Some analysts say that tepid labor-market data for the U.S. in May has driven investors to believe economic growth across the developed world will be weaker than previously expected, leading central banks to keep interest rates lower for longer. The amount of global sovereign debt with negative yields surpassed $10 trillion for the first time in May.
Thermostat Wars
Never mind messy desks, noisy colleagues and smelly office kitchens. No workplace dispute is as divisive as where to set the office thermostat. Many workers take up guerrilla tactics during summer to get the temperature they want, taping cardboard over air vents or trying to tamper with locked thermostats. Others pepper bosses or facilities managers with complaints. To placate chronic complainers, some facility managers install dummy thermostats, equipped with buttons or dials to give occupants an illusion of control. Research shows office workers perform best when they have influence over their physical environment. Meanwhile, some companies are taking the high-tech approach, turning to apps to manage thermostat disputes.
Get to Work
Today I’m pleased to present the Journal’s newly expanded coverage of management, both in print and online. First we dive into how General Electric is reinventing the way it assesses, reviews and even pays its 300,000 workers. Next sit down with YouTube CEO Susan Wojcicki as she discusses the transformation of the online video service, which boasts more than one billion users but little to no profit. We also explore how men and women prefer to compete when it comes to work, and more.
TODAY'S VIDEO
Coders of the Future
That Was Painless
As software has redefined a range of industries and professions, many parents are rushing to make sure their children learn the building blocks of computer programming. Toy and game developers have responded.
TOP STORIES
U.S.

Weak Productivity, Rising Wages Putting Pressure on U.S. Companies

Stanford University Sexual Assault Case Prompts Backlash
WORLD

U.S. Firm to Build Six Nuclear Reactors in India

U.S.-China Talks Limited by Disagreements
BUSINESS

Yahoo Lines Up Bids for About 3,000 Patents

Sprint’s Wireless Fix? More Telephone Poles
MARKETS

The Epicenter of America’s Oil Bust Is Drawing Buyers

Villain or Victim? The Problem With Assigning Blame for the Financial Crisis
NUMBER OF THE DAY
91%
The drop in Valeant shares since they peaked last August, as the Canadian company’s drug pricing strategy has drawn scrutiny. Valeant cut its outlook again Tuesday and said some key franchises were performing below its expectations.
QUOTE OF THE DAY
The perpetrators of this attack will certainly pay for the blood that they have spilled.
Turkish President Recep Tayyip Erdogan, in a statement, vowed a tough response to a car bomb that targeted a police bus in central Istanbul, killing 11 people and injuring dozens.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on Mr. Trumps comments on U.S. District Judge Gonzalo Curiel? 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 Mrs. Clinton securing the delegates needed to clinch the Democratic nomination, Mike Schiller of Arizona wrote: “I’m impressed by the loyalty the Democratic Party leaders are demonstrating toward Mrs. Clinton, who has spent the past 30+ years working for the party and its people. In contrast is my own party, which seems to have abandoned loyalty to both people and even ideas in favor of victory at any cost.” Mary Ann Mikulski of New York shared: “Considering I predicted her candidacy in this forum over a year ago, I’m not at all surprised. Next thing is Mr. Sanders for vice president, which I also predicted. Let’s see if I go two for two.” And Lane Klein of Florida said: “The nomination is hers, as the rules of securing it were in place before this year’s primary race began. Going forward, it behooves the Democratic Party to revisit the rules.”
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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