Political observers have used the term Team of Rivals (a reference to Doris Kearns Goodwin’s biographical portrait of the Abraham Lincoln cabinet) to describe the Trump White House. But if Goodwin was to write a book today about the current President, you have to assume the title would be A Presidency of One. Donald Trump has made clear he thinks he is his own best counsel. Trump Moves Closer to a Presidency of One with Tillerson Firing (Bloomberg)

Newspaper cover of the day:

New York Post cover, March 14, 2018.

Pennsylvania rebukes Republicans: In a U.S. House race viewed as a bellwether for the November midterms that will decide who controls Congress, Democrat Conor Lamb has already claimed victory. Although there’s no official winner yet, Lamb’s strong performance is a rebuke to Trump, who won the district by 20 percentage points in 2016 and campaigned for Republican Rick Saccone. — Bloomberg Balance of Power Pennsylvania Special Election Too Close to Call in GOP District (Bloomberg)

U.K. – Russia Crisis Deepens: U.K. Prime Minister Theresa May just announced that the country will expel 23 Russian diplomats in a sharp escalation with Russia. Live blog here: May Speaks After Nerve Agent Attack (Bloomberg Live Blog – or TLIV <GO> on the Terminal)

At last: Merkel sworn in.

Angela Merkel and Martin Schulz on March 14. Photographer: Sean Gallup/Getty Images

After an uncharacteristically long and difficult formation of a coalition: Merkel Seals Fourth Term in Parliament Vote Ending Longest Wait (Bloomberg)

Financial Regulation Headlines of the Day:
Hedge Funds Draw SEC Scrutiny in Crypto Coin Review (Bloomberg)
China Levies Record $870 Fine for Stock Manipulation (Bloomberg)
Meet (and Pronounce) CFIUS, U.S. Watchdog on Deals (Bloomberg QuickTake)

Obit of the Day: Stephen Hawking, Physicist Who Reschaped Cosmology, Dies at 76 (Bloomberg – and 2nd Most Read on the Terminal)

Wear Orange! Students all across the U.S. are planning to walk out of their classrooms today as part of the #Enough! National School Walkout to raise awareness about issues of school safety and the impact of gun violence. The nationwide demonstration will happen at 10 a.m. and last 17 minutes. #everytown.org

Headlines from around the world.

Yonhap News Agency (Korea): PyeongChang 2018 sets Winter Paralympics ticket sales record

Guardian (UK): Russian spy attack: Britain calls for urgent UN meeting

Moscow Times: Putin’s Supporters and Communists Plan Mass Street Rallies Following Election

Japan Times: Japan’s ruling coalition ready to summon key figure in document scandal to Diet

Times of India: More than half of PM Modi and Rahul’s Twitter followers are fake

Best of late night.

“I heard Trump has been telling people that he fired Rex Tillerson all by himself. Trump brags about firing people the same way a toddler brags about using the bathroom alone for the first time.”
— Jimmy Fallon

“I’m sorry, that’s messed up. How can you fire a man in a public tweet? At least slide into his DM’s.”
— Trevor Noah

“In the past few weeks, Gary Cohn, Hope Hicks and now Rex Tillerson have all left the White House. Most people have said they’re shocked, while Betsy DeVos was like, ‘Wait, how the hell am I still here?’”
— Jimmy Fallon

“Of course you did it by yourself, there’s no one left at the White House anymore. It’s just you and your Slovenian captive!”
— Jimmy Kimmel