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

The Wall Street Journal
Good morning,
The Bureau on the Case
FBI Director James Comey said publicly for the first time Monday that the agency is investigating whether members of President Trump’s 2016 campaign collaborated with the Russian government to influence the presidential election. His announcement divulged an active FBI investigation, a rare step by the head of the nation’s largest law-enforcement agency, and all the more extraordinary given that it directly affects the current president. Mr. Comey also used his appearance before the House Intelligence Committee to reject Mr. Trump’s allegation on Twitter that former President Obama wiretapped him during the campaign. Republicans at the hearing sought to direct attention to the cascade of leaks against Mr. Trump from the intelligence community. But so far, at least, it is the president’s credibility that seems most challenged.

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The Apple of His Eye
SoftBank has scrapped a planned $100 million investment in a smartphone startup founded by the creator of Google’s Android software, partly because of the Japanese telecom giant’s increasingly close relationship with Apple. The planned investment would have valued the startup, Essential Products, at $1 billion. The offer banked on the pedigree of Essential founder Andy Rubin, who sold his previous startup, Android, to Google in 2005, then helped turn its software into the world’s most used smartphone operating system. The episode is a window into the unpredictable investing style of SoftBank Chief Executive Masayoshi Son, who is set to enhance his position as one of the tech industry’s most powerful investors with his $100 billion tech-focused Vision Fund. In January, Apple said it would invest $1 billion in the fund.
Shell Bet
Royal Dutch Shell is trying to reinvent its business with a concept that sounds oxymoronic: budget deep-water drilling. Facing low oil prices for the foreseeable future, Shell is learning to rein in costs and squeeze more production out of big offshore platforms by using drilling techniques pioneered on land. The world’s second-largest publicly traded energy company wants to make new deep-water projects cheaper and faster, especially in Brazil, where it acquired a bevy of offshore prospects as part of its $50 billion purchase of BG last year. It is a strategy born of necessity. With onshore shale oil flooding the market, Shell executives aren’t sure when crude, currently around $50 a barrel, will fetch more again. To win its high-stakes bet, Shell is shaking up its corporate culture.
A Team of Their Own
Female athletes face steep hurdles in Gaza, which is governed by the Islamist movement Hamas. They are encouraged to cover their arms, legs and heads in public. Facilities and equipment are scarce. When Mahmoud Tafesh, a former soccer and volleyball player, created a baseball team last month, 15 women signed up, though baseball is a virtually unknown sport in Gaza for both men and women. The team has no real baseballs or softballs to use, so they practice with tennis balls, which they pitch underhand. The bats are made by a local carpenter from cypress trees. “What we want is people to be aware of this sport,” one player said. “And that girls can be doing sports. That’s our goal.”
TODAY'S VIDEO
Spring Arrives
That Was Painless
Drone footage captured the Hukou Waterfall on the Yellow River, north of China’s Shanxi province. As spring starts, melting ice on the Yellow River raises water levels.
TOP STORIES
U.S.

Cities Restore Lost Streets, Local Charm After Razing Failed Malls

Team Trump Meets a Messy World
WORLD

U.K. to Trigger Article 50 on March 29, Starting Formal Brexit Process

North Korea Has Doubled Size of Uranium-Enrichment Facility, IAEA Chief Says
BUSINESS

Google to Simplify YouTube Advertiser Controls Amid Outcry Over Extremist Videos

California’s Wet Winter Points to Some Sorry-Looking Salads
MARKETS

NYSE Arca Suffers Glitch During Closing Auction

The Fed Is Stuck in the Past With Its Forecasts of the Future
NUMBER OF THE DAY
400 million
The approximate number of customers Vodafone will have in India after merging its embattled business there with a local rival, Idea Cellular. The $24 billion deal would create India’s largest wireless company.
QUOTE OF THE DAY
I would have to go in and unplug and plug in the DVR.
Bea Lowick on the security camera in her Colorado laundromat scanning the internet for places to spread a strain of malicious software called Mirai. She wasn’t aware the device was doing anything other than acting up. A wave of inexpensive internet-connected devices is hitting the market, many of them carrying minimal safeguards against remote hacking.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on Mr. Comey’s testimony? 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 Judge Neil Gorsuch’s confirmation hearings, Stevan Porter of Virginia weighed in: “Judge Gorsuch appears to be an excellent choice for the Supreme Court and it seems many people from both sides of the political spectrum agree. I am just hoping that the confirmation hearings stay on topic and do not devolve into a political circus that most likely will not stop his confirmation but will make the Senate—and by extension all of us—look like petty fools.” Slade Howell of North Carolina wrote (in jest): “Needless to say, Mr. Gorsuch would make a terrible justice, and expect to hear all the reasons at the confirmation hearings. As he has demonstrated, he believes in adherence to the ‘letter of the law,’ when in many cases legislation was written contrary to its intent. When it comes to constitutionality he can be expected to do the despicable, judge according to the way it was transcribed rather than factor in the evolution of this document to conform to the present. And if this is not bad enough, he is antiquated to the degree that he believes ‘life, liberty and the pursuit of happiness’ are still relevant and that the government should serve for the good of the people, not just the good of the government. He just would not be a good fit.” And Evelyn DuBois of Alaska said: “I am against Judge Gorsuch’s nomination as President Obama’s nominee should have been considered first. Although, I realize there is little chance of that.”

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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