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

The Wall Street Journal
Good morning,
Rigged After All
President-elect Donald Trump dismissed charges Sunday that his victory was illegitimate, lashing out on Twitter at critics who point to Hillary Clinton’s lead of more than two million votes in the national popular vote as evidence. “In addition to winning the Electoral College in a landslide, I won the popular vote if you deduct the millions of people who voted illegally,” Mr. Trump tweeted, without providing any corroboration for the allegation. Voting is restricted to U.S. citizens, and no evidence has emerged so far of widespread fraud. Separately, officials in three states that gave Mr. Trump his margin of victory—Wisconsin, Michigan and Pennsylvania—are gearing up for recounts in the face of heated pushback from Mr. Trump and his advisers. Meanwhile, we report that Mr. Trump’s low-tax, big-ticket fiscal plan is roiling some Republicans, while sparks are flying over possible picks for Mr. Trump’s cabinet, in particular Mitt Romney.

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Fidel’s Shadow
The death of Fidel Castro is putting unexpected pressure on Mr. Trump to follow through on earlier promises to reverse the recent openings to Cuba made by President Barack Obama. While Mr. Trump could undo Mr. Obama’s efforts, which were implemented using executive authority, he could face resistance from U.S. companies now deeply invested in Cuba under the current administration’s policy. Those companies include major airlines, hotel operators and technology providers, while big U.S. phone carriers have signed roaming agreements on the island. In Florida, Cuban-American hard-liners are experiencing a resurgence, buoyed by Mr. Trump’s tough talk and hopes of a policy shift. In Cuba, some expect little real change, while others see a new chapter opening in island nation’s history. Mr.Castro’s legacy in the country he ruled for five decades is likely to endure for many years to come.
Mind the Gap
Gap CEO Art Peck is blunt in his criticism of the fashion industry’s long fascination with creative executives who are given broad powers to set the overall image of a brand. He calls them “false messiahs.” Under Mr. Peck, a former partner at Boston Consulting Group who arrived at the company in 2005, Gap has instead put operational executives in control of its major brands, including Old Navy, and has expanded the role of outside vendors—some of which have their own design teams. The moves are part of an attempt to save the iconic apparel company from fading into extinction. Earlier this month, Gap reported its seventh straight quarter of declining sales. We report that more than a dozen former and current executives said the company strains under the weight of bureaucracy.
How’s This for an Encore?
There is a stereotypical view of job opportunities for older workers, and it’s not pretty. But the numbers make it clear that the nightmare scenario simply isn’t true. The 55-and-older crowd is now the only age group with a rising labor-force participation rate. Baby boomers are getting jobs with better pay, status and working conditions than prior generations of older workers, while Americans in their 50s and 60s also make up a growing share of entrepreneurs. And some research goes even further: In jobs that require experience, studies show that older adults have a performance edge. Our Encore Journal Report examines these myths, as well as how to retire without driving your spouse crazy, the best books of 2016 for people of a certain age and more.
TODAY'S VIDEO
Teslas for Tots
That Was Painless
Toy makers are flooding the market with junior-size battery-operated Teslas, Porsches and Maseratis with multiple speeds, slick paint jobs, working headlights, horns and leather seats.
TOP STORIES
U.S.

Measuring the Economic Spillover of OPEC’s Oil Output Decisions

Deal for Carrier to Keep U.S. Plant Open May Hinge on Tax Overhaul
WORLD

François Fillon Wins French Conservative Primary, Upsetting Race for President

Russian Campaign in Syria Exposes Moscow’s Defense Gaps
BUSINESS

Drugmakers Find Competition Doesn’t Keep a Lid on Prices

Long a Novelty, Gigantic Tablets Are Sneaking Into the Workplace
MARKETS

A Double-Digit Return Is Hiding in Plain Sight at Under Armour

New Milestone: The U.S. Is Now a Net Exporter of Natural Gas
NUMBER OF THE DAY
$5.27 billion
Online spending on Thanksgiving and Black Friday this year, up 18% compared with last year. Americans jumped on vacation deals over the weekend but a larger slice of their spending migrated online, often through mobile devices.
QUOTE OF THE DAY
We see that as an inevitability.
Jozsef Simola, chief financial officer of European oil company MOL Group, on his company’s prediction that oil demand will soon flatten and then start falling in its Eastern European markets around 2030. Big oil players such as Exxon Mobil, BP and Saudi Arabia are also anticipating significant shifts in demand.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on Mr. Castro’s death? 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 Wednesday’s question on Mr. Trump pulling back on his Clinton investigation rhetoric, Vanessa T. Williams of Florida wrote: “Mr. Trump met his objective and did whatever he needed to do to win the presidential election. Mrs. Clinton is no longer a threat.” Richard Saloom of Alabama commented: “Prosecuting Mrs. Clinton is a no-win situation for Mr. Trump. If she is prosecuted and found innocent, Mr. Trump’s core premise for election is negated. If she is prosecuted and found guilty, there will be cries of McCarthyism and Republican-influenced bias.” Mitch Powers of Tennessee shared: “The one thing you can bank on with a Trump presidency is volatility, but it matters much less how frequently he reassess his plans and much more which path is finally chosen. To focus on Mrs. Clinton is to ignore far more important opportunities.” And Paul Dembry of California said: “I will be very disappointed if the Trump Department of Justice does not probe into the Clinton Foundation’s finances.”

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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