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

The Wall Street Journal
Good morning,
New Face of Terror
U.S. defenses have been put in place to prevent a large-scale terror attack, but last week’s rampage in San Bernardino shows that America and the West is now grappling with isolated threats that are hard to detect. President Barack Obama used a rare Oval Office address yesterday to lay out his approach for dealing with the rising threat of domestic terrorism by calling for new gun control measures and tightened visa application processes, but suggested no new military initiatives. Efforts to limit the appeal of radical Islamism are directed at its proselytizing through social media: Facebook, YouTube and Twitter are under pressure to monitor, and sometimes remove, violent content and propaganda from terror groups. Meanwhile, the probe into the California assault is increasingly focusing on Tashfeen Malik as the likely driving force behind the attack.
A Pile of Junk
Junk bonds are headed for their first annual loss since the credit crisis, reflecting concerns among investors that a six-year U.S. economic expansion and stock-market boom are on borrowed time. The declines are rattling even seasoned investors, underscoring the challenges facing these companies amid a prolonged slump in commodity prices. Global stocks, however, started the week with gains after Friday’s strong U.S. jobs. We also look at how the market will face more pressures as the Federal Reserve starts raising interest rates, something the Fed is now expected to do in less than two weeks.
Take It To the Bank
When a tech startup gets its first investor check, it often gets deposited at the Silicon Valley Bank in Santa Clara, Calif. Loans to tech companies and venture-capital firms have made SVB one of the fastest-growing banking companies in the U.S. But with new strains in the tech market, loan growth has slowed, shaky loans have climbed and the stock is down about 15% from its high. “SVB is a long-term player,” says one venture capitalist. But “if the music stops, it can stop really fast.” Meanwhile, our tech columnist Christopher Mims looks at why tech startup crowdfunding isn’t all its cracked up to be.
Wishful Shrinking
Weight Watchers needs a new diet. The company is betting it can reverse its long declines by overhauling its formula for losing weight. It is replacing its eating plan with a new program called “Beyond the Scale.” This includes revamped food guidelines, more emphasis on fitness and new motivational tools to “find and fuel inner strength.” The company is also banking on the star power of one its newest members: Oprah Winfrey. On the other hand, Fitbit appears to be in good shape for the holidays, writes Heard on the Street’s Dan Gallagher, as investors have been fattening up on the stock as of late.
TODAY'S VIDEO
Climate Change According to U.S. Presidential Candidates
That Was Painless
Where do U.S. presidential candidates stand on climate change and how to address it? A cheat sheet of the front-runners’ positions and plans. Photo illustration: Arielle Ray/The Wall Street Journal
TOP STORIES
U.S.

Supreme Court Revisits University of Texas Race-in-Admissions Case

Budget Surplus Prompts Tussles in Minnesota
WORLD

Venezuelan Opposition Wins Congressional Midterm Elections

Camped in Calais, Migrants Defy French Resettlement Plan
BUSINESS

Volkswagen Holds Talks With Core Investor in Qatar

As Oil Keeps Falling, Nobody Is Blinking
MARKETS

Fed Finds Fault With Its Own Stress Tests

Strong Dollar Shreds Wheat Exports
NUMBER OF THE DAY
$3.3 billion
The amount that General Electric turned down as it walked away from a potential deal to sell its appliance business to Sweden’s Electrolux, bowing to pressure from the U.S. Justice Department which wanted to block the transaction on antitrust grounds.
QUOTE OF THE DAY
Resolve means depriving jihadists of virtual territory, just as we work to deprive them of actual territory...They are using websites, social media, chat rooms and other platforms to celebrate beheadings, recruit future terrorists and call for attacks. We should work with host companies to shut them down.
Hillary Clinton Sunday called for a more aggressive push to combat Islamic State online by curbing its ability to use social media for propaganda and recruitment.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on the increasing pressure being placed on social media companies to curb terror recruitment? Send your comments, which we may edit before publication, to 10point@wsj.com. Please include your name and location.
—Compiled by Khadeeja Safdar
READER RESPONSE
Responding to Friday’s question about Sen. Marco Rubio taking his rivals to task for opposing a bill authorizing funding for the ‘Iron Dome’ missile shield that protects Israel, Larry Stephens of Florida wrote, “If there was ever a time for America to support Israel in word and in deed it is now!” And Christen Varley of Ohio commented, “Israel is a loyal ally with whom we share history and ideology. They are also in a strategic geographic location of great value. It is remarkably shortsighted that at a time when we need them more than they need us, we are allowing our ties to loosen.” Massimo Piras of Belgium wrote, “While Israel is a key ally for the West, I don’t see why the U.S. should provide so much financial assistance. After all, Israel is not exactly a poor country.” And in a similar vein, Stewart D. Cumming of California wrote that “the economic burden of funding seems to be placed to a greater degree on the shoulders of the U.S. than it has been on Europe. Perhaps it is time for the EU to step up to the plate and dig into their pocketbook a little deeper thus easing some of the U.S.’s expenditures.”
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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