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

The Wall Street Journal
Good morning,
Piles of Junk
Global stock markets showed signs of steadying this morning after a week of turbulence, with European shares rebounding from heavy losses in the previous session. However, Asian shares fell as investors remained cautious ahead of the U.S. Federal Reserve’s policy meeting. On Monday, the retreat from the U.S. junk-bond market continued for the third straight trading day and stocks of large asset managers were hit by heavy selling, suggesting that the turmoil in some parts of the financial markets is intensifying. Natural gas prices also plunged to a 14-year low yesterday. And, following the decision last week by prominent U.S. junk-bond fund Third Avenue to stop investors from withdrawing their money, concerns are growing that money outflows from emerging-market bond funds might accelerate.
Tactical Divide
Any effort to create a partnership between Moscow and the West against Islamic State would face overwhelming complications. Russia’s military tactics in Syria differ so much from those of the U.S. and its allies that it could be impossible to operate together, U.S. and European officials said. Russian bombing raids, for example, have been far less precise than those of the U.S. led-coalition, according to the officials. Meanwhile, Turkey has refused to cave into increasing pressure from Baghdad and Moscow to remove all of its troops from Northern Iraq, though it has pulled out a small convoy. Ankara’s military presence at a small base in Iraq has become just the latest point of conflict for world leaders trying to direct the outcome of the expanding international fight against Islamic State.
The Chinese Dream
A fresh wave of labor strife is hitting China. The country’s slowing economic growth has fueled dissatisfaction, sparking layoffs and factory closings. Economists say China has struggled to reach its 2015 growth target of about 7%, its slowest pace in 25 years, and most project slower growth next year. For workers, factory closings represent a failed promise, the fraying of a social compact in China under which migrants accepted grueling shift work and spartan living conditions far from home in exchange for prospects of a better future. Beijing has cut interest rates and is making other moves to loosen monetary policy and spur economic growth, but the U.S. Federal Reserve could hinder that effort if it raises interest rates as expected.
Medical Screening
Doctors are increasingly using computers in exam rooms. Is this a sign of progress or is something lost? A study has found that patients are less satisfied with the care they receive when physicians spend more time looking at screens. So, as more medical practices record patients’ information electronically, workshops are now being offered to teach doctors techniques for maintaining rapport with patients. We also take an inside look at what therapists are really thinking when their clients are talking. Excerpts from an interview with Paul Hokemeyer, a psychotherapist and marriage and family therapist, reveal what he thinks about during a session, whether he watches the clock and how he deals with patients who don’t make progress.
TODAY'S VIDEO
Drones Face New FAA Regulations
That Was Painless
The Federal Aviation Administration has announced new regulations for drones that will require owners to register their devices. But the rules aren’t going to fly with some user groups.
TOP STORIES
U.S.

Army Pursues Court-Martial Proceedings Against Bowe Bergdahl

Poll Finds National Security Now a Top Concern
WORLD

Angela Merkel Wins Backing From Her Party on Migrant Policy

Social Media Lifts Saudi Women in Vote
BUSINESS

Struggling Toys ‘R’ Us Tries Fuller Stores

Pinterest Narrows Ad Focus to Match Users’ Interest
MARKETS

South African President’s Rare Reversal Relieves Rand Market

Banks Prep for Trading Influx, as Rate Rise Looms
NUMBER OF THE DAY
$250 million
The approximate amount that the Hudson’s Bay Co., which owns Saks Fifth Avenue, plans to pay in a deal to buy online retailer Gilt, according to people familiar with the matter. The firm was valued at more than a billion dollars a few years ago.
QUOTE OF THE DAY
It is time this administration stopped worrying about the privacy of foreigners more than the security of Americans.
Rep. Michael McCaul (R., Texas), chairman of the House Committee on Homeland Security, on expanding scrutiny of social-media posts as part of the visa application process before certain people are allowed to enter the U.S.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on computers in doctors’ consulting rooms? 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
In response to yesterday’s question about Sen. Ted Cruz’s rise in the polls, Vikas Deshmukh of Texas wrote that he “has stayed on his message and remained what he always was. His band of faithful followers is now expanding, even if everyone is not on the same page with his views. More Republicans are recognizing that real objective of Trump the mole is to throw the GOP in disarray. As more people find this out, it will be the case of the ‘Turtle and the Hare.’” Also from Texas, Clifford Fry commented, “Ted Cruz graduated from Princeton University and the Harvard Law School. He is smart, and at least some of those who saw him debate in college said he was without equal. We need a Republican nominee who can destroy Hillary Clinton in debate. He may be the man to do it.” But Robert Hugins weighed in from Virginia: “Sen. Cruz is a first-term U.S. senator with little to show for his time there except to prove he does not play well with others. He is a conservative version of the inexperienced liberal messiah elected President in 2008. GOP voters, flirting with Mr. Trump and Sen. Cruz, must soon decide if they want to win in 2016 or just make a political point. If the former, Governors Christie, Kasich and Bush remain in the running.”
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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