Wednesday Morning Business Brief – March 2

Stocks on Wall Street roared to their best day in more than a month on positive data, including construction spending reaching its highest level in eight years in January. The Dow Jones industrial average jumped 348 points to 16,865. The Standard & Poor’s 500 index surged 46 points to 1,978. The Nasdaq composite index made its biggest gain since August, adding 131 points.

NEW YORK (AP) – In energy news, U.S. crude fell 49 cents to $33.91 a barrel in New York. Brent crude, the benchmark for international oils, dipped 6 cents to $36.75 a barrel in London.

WASHINGTON (AP) – The Federal Reserve releases its latest Beige Book, a snapshot of the U.S. economy, today at 2 p.m. Eastern time. Last month, the Fed reported that the economy had expanded across most of the United States in December and early January.

BERLIN (AP) – Germany’s competition authority is investigating whether Facebook abused its market position by breaching data protection laws. The Federal Cartel Office says in a statement that there is a “preliminary suspicion that Facebook’s terms of use breached data protection rules.”

LONDON (AP) – Anheuser-Busch InBev has agreed to sell SABMiller’s stake in China’s Snow Breweries for $1.6 billion to ease regulatory concerns about the merger of the world’s two biggest beermakers. The deal is contingent on the completion of AB InBev’s $106 billion takeover of SABMiller.

  • General
  • Business

Hillary Clinton And Donald Trump Cemented As 2016 Leaders

Democrat Hillary Clinton and Republican Donald Trump are beginning to focus on each other in the race for the White House.

Both front-runners were emboldened by commanding victories Tuesday across large swaths of the country.

Clinton previewed a “love and kindness” message while Trump traded his typical rollicking rallies for a sober media conference where he pressed his case that Clinton is a proven failure as a longtime politician. Both spoke from Florida, where the general election is often won or lost. Clinton collected wins Tuesday in eight states, and Trump swept up victories in at least seven, including Virginia, another important general election battleground.

Democrats

Clinton waltzed into Super Tuesday carrying 545 total delegates; Sanders held a comparatively meager 87 pledged supporters.

Now that voters in 11 states have spoken, representing one-third of total delegates needed to capture the nomination, Clinton appears stronger than ever.

Final tallies from Super Tuesday will add significantly to Clinton’s delegate advantage once the results are confirmed and 859 pledged delegates are awarded proportionally.

According to initial estimates, Clinton will nab a high percentage of Texas’ 222 delegates — the crown jewel of Super Tuesday. She also adds a healthy portion of Virginia’s 99 delegates and Georgia’s 102 reps.

Sanders will get a portion of each state, including the majority of Vermont’s 16 delegates and a goodly sum from Oklahoma, Colorado and Minnesota where he also won.

Clinton’s secret weapon: Superdelegates

The Democratic Party recognizes two types of delegates: pledged and superdelegates.

Pledged delegates are divvied up proportionally and are bound to vote for the candidate their constituency chose. For instance, if Clinton gets 60 percent of the California vote, she receives 60 percent of its pledged delegates.

Superdelegates, on the other hand, are free to vote as they please.

Numerically speaking, Clinton enjoys a fairly smooth path to her party’s nomination thanks to these electoral gimmes.

Clinton has nearly universal support among Democratic Party insiders — also known as “the establishment” — who usually serve as DNC superdelegates.

She has spent decades building political bridges, stumping for Democratic candidates and raising money for allies. Those beneficiaries are ready to scratch her back and become key supporters on the convention floor this summer.

Winning most of Tuesday’s contests means Clinton gets a healthy portion of pledged delegates — not to mention the lion’s share of Democratic superdelegates from state party leaders.

Heading into March, despite Sanders showing strength in select states and pledging to stay in the race indefinitely, Clinton could swagger to the nomination in short order.

Republicans

Donald Trump dominated Super Tuesday, further transforming his once-longshot bid into a highly plausible nomination.

Going into Super Tuesday, Trump led the field with 82 delegates, followed by Sen. Ted Cruz (R-Texas) with 17 and Sen. Marco Rubio (R-Fla.) at 16. Bringing up the rear are Gov. John Kasich (R-Ohio) with six and retired neurosurgeon Ben Carson with four.

Super Tuesday will deposit more delegates into Trump’s rapidly swelling column, which Fortune theorized could put him “within comfortable shooting distance of being anointed by the end of the primary season in early June.”

Cruz won his home state, the largest of Super Tuesday, and Oklahoma. The freshman senator walks away with the largest share of the Lone Star State’s 155 delegates and the rest will be divided proportionally.

Cruz will use this victory to make the case that he’s now the only candidate to beat Trump thrice.

Rubio scored one win in Minnesota, his first victory this primary season. He didn’t interpret his otherwise consistent third-place finishes as campaign-ending, vowing to send a “loud and clear” message in Florida two weeks from now.

So far, such appeals have held little sway over GOP primary voters, who have proven attracted to Trump’s outsider message.

GOP opponents plot

Some of Trump’s opponents are more focused on machinations than primary map mathematics.

To understand their plan, the finer points of GOP delegate apportionment must be briefly explored.

The Republican Party allows fewer unpledged delegates, but muddies the water with a combination of proportional and winner-take-all contests after March 15.

In some upcoming states, the primary’s winner banks the entire balance of delegates if they capture at least 50 percent of the vote. If Trump wins Florida, he gets 99 delegates. If he loses, he gets zip.

Other states assign delegates proportionally. Within that category, some states further require candidates to hit at least 20 percent before claiming any delegates.

If no candidate reaches the 2,382-delegate threshold before July’s RNC meeting, campaign aides are preparing for a contested convention.

As Rubio’s campaign has highlighted, pledged delegates are required to vote for their assigned candidate — but only once. That means if Trump doesn’t capture the nomination on the first round of voting at the Cleveland convention in July, previously pledged delegates can switch their votes.

Several campaigns are praying for a deadlock and already courting delegates in case it comes to pass.

  • Politics

Senator Rounds Comments On Trump’s KKK Remarks

11 states across the country are hosting their primary elections to see who would get their party nomination for the Presidential election.

The GOP front runner, Donald Trump, finds himself in hot water after not immediately denouncing support from the KKK. Now, a South Dakota Senator is finding himself in the middle of the controversy.

Republicans and Democrats in Washington D.C. are firing off on Donald Trump’s remarks about the support from David Duke, Former Grand Wizard of the KKK. The Huffington Post went to Senator Mike Rounds to get his opinion on Trump’s statements, which lead to a story getting national attention.

“I don’t know anything about David Duke. OK? I don’t know anything about what you’re even talking about with white supremacy or white supremacists,” Donald Trump said.

That’s one of the statements that has the nation talking. Since that interview with CNN, Trump has denounced support from David Duke and the KKK.

A reporter with the Huffington Post asked U.S. Senator Mike Rounds about his thoughts on Trump. Rounds called Trump’s remarks unfortunate, but later on in the interview he made a statement that is receiving a lot of negative feedback.

“If he did it intentionally — I don’t think he did, I think he just made a mistake — even if he did, they’re still going to do a better job with him there than if you had Hillary or Bernie in his place,” Rounds said in the Huffington Post article.

The Huffington Post put out the article titling it, “GOP Senator: Even If Trump Meant It On The KKK, He’s Still A Better Choice Than A Democrat.”

After we found out about the article, KELOLAND News contacted Senator Rounds’ Office. He didn’t want to do an interview, but his spokesperson Natalie Krings released a statement:

Today the Huffington Post went to great lengths to manipulate Senator Rounds’ remarks and take them out of context. Rounds believes it was a mistake for Trump not to disavow the KKK immediately, a key point of the conversation conveniently left out of the quote being misrepresented and the key element missing from the Huffington Post’s “story.” The author suggests otherwise, but this is Senator Rounds’ position denouncing white supremacy, found within the same article:

“But I can tell you that I can’t think of a single person who would be in favor of, or promote anything to do, or give any credibility to any movement that would suspect or promote additional activity on the part of white supremacists,” Rounds said. “Down the line, Republican or Democrat, there is no room anyplace for supporters of the KKK or any other white supremacist group.”

The South Dakota Democratic Party also released a statement about Rounds’ comments:

Democratic Party Chair Ann Tornberg condemned statements made by Senator Mike Rounds regarding an endorsement by KKK member David Duke for Republican Presidential candidate Donald Trump. Trump had been asked to renounce Duke’s endorsement but refused to answer the question. When asked if Trump intentionally avoided condemning the endorsement of the KKK, Rounds said:

“Even if you’re disappointed with the way [Trump]’s responding to things, even if you’re mad at him, you disagree with him, if he did it intentionally — I don’t think he did, I think he just made a mistake — even if he did, they’re still going to do a better job with him there than if you had Hillary or Bernie in his place.”

“The Democratic Party strongly condemns Mike Rounds’ comments. To say someone who won’t renounce an endorsement from the KKK would be better than a Democrat is remarkably shallow. It’s politics at its worst. If you want to figure out why Washington is broken—start with people that align themselves with hate groups like the KKK over the other party,” said Tornberg.

According to the Southern Poverty Law Center, the KKK is the most infamous hate group in the United States. “Lynchings, tar-and-featherings, rapes and other violent attacks on those challenging white supremacy became a hallmark of the Klan.”

Earlier in the day, Rounds had predicted Trump would boost GOP turnout.

“If he is the nominee, then will he bring more people out or won’t he? You can call it transactional, but it’s factual,” said Rounds.

“Courting racists to vote for you should not be a ‘transactional’ cost of politics. To even suggest it shows an incredible lack of respect for those who have been impacted by the hate and violence perpetrated by groups like the KKK,” said Tornberg.

WBK: Varsho Scores 23 Points As USF Beats Augustana 75-57

SIOUX FALLS – Behind an outstanding defensive effort and timely three-point shooting, University of Sioux Falls Women’s Basketball defeated Augustana, 75-57, to win the NSIC/Sanford Health Tournament championship. The Cougars earn the NSIC’s automatic bid to the NCAA Central Region Tournament, which is held on March 11-14 by the No. 1 seed. The NCAA Division II Women’s Basketball selection show will air on Sunday, March 6 at 9 p.m. CT, where the Cougars will find out what seed they earned with their 27-5 record.

Taylor Varsho, Sam Knecht and Alison Klostergaard were named to the All-Tournament team with Varsho collecting tournament MVP honors to sweep the NSIC postseason awards with her NSIC Player of the Year honor earned last Thursday.

NSIC/Sanford Health Women’s Basketball All-Tournament Team

13 Alexis Foley G 5-9 Sr. WSU White Bear Lake, Minn.
5 Sophie Kenney G 5-9 Sr. Augie Fargo, N.D.
50 Sam Knecht F 6-2 Jr. USF Platte, S.D.
52 Alison Klostergaard F 5-11 Sr. USF Beresford, S.D.
1 Taylor Varsho G 5-7 Sr. USF Chili, Wis.

Sioux Falls’ stout defense held Augustana to 16-for-66 shooting, a 24.2 percent mark, in the game and limited the damage by allowing just four 3-pointers by the Vikings, who had hit double-digit threes in their previous two games.

On the other end of the floor, USF was clutch with their long-range shooting, led by NSIC three-point record holder Taylor Varsho knocking down five of her seven attempts from behind the arc. She finished with a game-high 23 points and flirted with a triple double as she handed out seven assists and grabbed eight rebounds.

Klostergaard was key in the Cougars’ second-half push, using a flurry of and-ones for 18 points and a 6-for-7 effort from the free throw line. Marie Malloy’s on-ball defense carried over from USF’s win over Northern State in the tournament semifinal and she finished with eight points.

The Cougars trailed 29-26 at halftime with Varsho’s nine first-quarter points helping them stay within reach. After the break, USF cranked up their defense and outscored Augustana 29-8 to build an 18-point lead through three quarters.

Varsho connected on two more threes to score eight points in the decisive third quarter. Klostergaard and Molden both added eight points each in the third as USF shot 9-for-15 and 3-4 from behind the arc to put the game away. Molden finished with 12 points as the third Cougar in double figures.

Courtesy: NSIC

  • Sports
  • College

WBK: Herrold Scores 22 Points, But DWU Falls To Morningside

SIOUX CITY, Iowa – The Dakota Wesleyan University women’s basketball team came out of the gates firing on all cylinders on offense in the Great Plains Athletic Conference tournament championship game, but Morningside College took over in the second half Tuesday in Sioux City, Iowa.

The No. 10 Tigers hit four 3-pointers in the opening minutes, taking an early 16-10 lead over the top-ranked Mustangs. Morningside hit 11 shots from deep and pulled away in the second half for the 80-59 win. The Mustangs won the GPAC regular season title and tournament crown to earn the league’s first automatic bid to the NAIA National Tournament.

DWU picks up the second automatic bid from the GPAC by way of making the conference tournament final. The Tigers enter the NAIA Division II Women’s Basketball Tournament with a record of 25-8 and will learn who they will play in the opening round during the selection show at 5 p.m. Wednesday streaming atwww.naianetwork.com. The Tigers are hosting a viewing party for the selection show at the Moose Lodge in Mitchell at 4:30 p.m.

The Tigers hit six of their first seven shots from the field to build a lead early on Morningside, which lost starting forward Jessica Tietz early in the game due to an injury. From there, it was a Mustang show from behind the 3-point line, led by Madison Braun, who finished with six 3-pointers.

Morningside led by nine at the half, but DWU quickly cut the deficit to three with three quick mid-range jumpers to start the second half. The Mustangs built their lead back up with a 12-4 run to close the third and scored the first seven points of the fourth to put the game away.

Junior forward Erica Herrold (Dimock, S.D.) led the Tigers with 22 points on 8-of-14 shooting, including three 3-pointers. Sophomore forward Ashley Bray (Anoka, Minn.) was the only other Tiger in double figures finishing with 13 points.

The Tigers shot 21-of-49 from the field, 6-of-18 from deep and 11-of-14 from the line.

With Tietz on the sideline, Braun took over for Morningside. She finished with a game-high 24 points, while Lexi Ackerman and Lauren Lehmkuhl each added 15 points. The Mustangs shot 31-of-67 from the field, 11-of-31 from behind the 3-point line and 7-of-9 on free throws. Morningside won the rebounding battle 34-32.

DWU will play in the NAIA tournament for the first time since 2003-04. The tournament starts March 9 in at the Tyson Events Center in Sioux City.

Courtesy: DWU

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