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

The Wall Street Journal
Good morning,
Let Battle Commence
With less than a month before voting begins, establishment presidential candidates are urging voters to move toward conventional choices and end their flirtation with the field’s novices and outsiders. The efforts reflect the hope on the part of such candidates that the dynamic of the campaign will change now that real choices are nearly at hand. Pollsters describe the nation’s mood as dour, sour and anxious. While that has fed the popularity of outsider candidates, its ultimate impact on the contest is uncertain. Meanwhile, former President Bill Clinton made his campaign-trail debut on behalf of his wife, depicting Hillary Clinton as the most seasoned candidate in the field while steering clear of recent barbs by Donald Trump. Our extended coverage of Campaign 2016 begins today.
Happy New Fear
The Dow Jones Industrial Average began 2016 with its biggest opening-day loss since 2008, as financial markets struggled with the same problems that disrupted them last year. Fast-trading individual investors dumped shares in China on further evidence that its economy was slowing and that Beijing was weakening the country’s currency. Global stocks stabilized this morning as China’s markets appeared to steady, with shares in Europe flat in early trade. But the drop in emerging-market currencies reflected renewed fears that an economic slowdown in the world’s most populous nation will further depress struggling developing economies. And what concerns U.S. investors isn’t just China. It is the spreading signs that weak global growth and a rising U.S. dollar are harming U.S. corporate earnings and economic output, and could continue to do so this year.
The Gathering Storm
Saudi Arabia’s decision to sever diplomatic ties with Iran after protesters—angered by Riyadh’s execution of a Shiite cleric—stormed the Saudi Embassy in Tehran raises troubling questions for its Western and Muslim allies. They worry that the fresh conflict will undermine efforts to crush common foes, namely Islamic State and other terror groups. The Obama administration strove to appear neutral yesterday, a strategy that risked anger from Riyadh as Washington tries to navigate through the turmoil. Our columnist Yaroslav Trofimov notes that the escalating crisis is as much about domestic politics in Iran and Saudi Arabia as it is about their regional tussle for domination of the Middle East. The tensions also present a new test for the Organization of the Petroleum Exporting Countries at a particularly challenging time for the oil-producing cartel.
The Heart of the Matter
Broken-heart syndrome, or takotsubo cardiomyopathy, is a painful cardiac episode that mimics a heart attack but typically without blockage of coronary arteries. A study of 10 women who had suffered from the mysterious malady came to a surprising conclusion about its causes and suggested some possible new remedies to test. And on other matters of the heart, nurses and doctors can get ‘alarm fatigue’ and miss real warnings when patients’ heart rate and other indicators beep falsely so often. We look at how hospitals are adopting solutions to silence or eliminate unnecessary alarms. And a dermatologist explains why extremely hot or cold showers are better for young people than for old folks and why 112 is the magic number.
TODAY'S VIDEO
Money Race Momentum Kicks Off 2016 Election
That Was Painless
New quarterly fundraising numbers offer insight into the momentum of some presidential campaigns as candidates make a final push in early primary voting states. WSJ’s Shelby Holliday breaks down the numbers. Photo: Associated Press
TOP STORIES
U.S.

Oregon Protesters Say Occupation of Federal Building Was Last Resort

Start of Immigration Crackdown Results in 121 People in Custody
WORLD

Hezbollah Claims Responsibility for Bomb Blast Near Israeli Convoy

China Factories Haven’t Fought Off Overcapacity, Weak Demand
BUSINESS

The Future of Mobile Chatting: Commerce

Supermines Add to Supply Glut of Metals
MARKETS

Hedge Funds’ Idea Man

Oil Prices Recover in Asia After Overnight Selloff
NUMBER OF THE DAY
$500 Million
The amount that General Motors is investing in ride-hailing service Lyft, which it believes will be crucial to the future of autonomous-driving vehicles and the transformation of an industry dominated by car ownership.
QUOTE OF THE DAY
It can’t be we’ve had three days of hype, and this is all they are coming out with...Maybe they’re smart enough to know that if he did everything he wanted to do, it would be blatantly unconstitutional.
John Velleco, director of operations for Gun Owners of America, on President Barack Obama’s executive moves to expand background checks for gun buyers and tighten rules for people who purchase some of the most dangerous weapons.
TODAY'S QUESTION
Going back to our story above, do you think outsiders will continue succeeding in this year’s election? 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 yesterday’s question on Saudi-Iran relations, Jacqueline Tillman Harty of Maryland wrote: “The ability for anyone or any country to manage the inherent tensions between Sunni and Shiia Muslims in the Middle East has ominously exploded. Superimposed on a deteriorating security environment and a more assertive and growing Russian posture, given the Obama administration’s ineptness in the region, there is no entity with the authority, stature and mettle to tamp down the tensions. It is an ominous situation.” From California, Paul Dembry commented: “The Saudi-Iran tiff brings back memories of the Cold War proxy battles. The West is (mostly) backing Saudi Arabia, the Russians are backing Iran. Let the games begin.” Jake White of Illinois added, “Saudi Arabia seems to be living in the 1960s, embroiled in its own Vietnam (Yemen) and focused on hot crises in a very cold war with Iran.”
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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Copyright 2016 Dow Jones & Company, Inc. All Rights Reserved.   

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