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

The Wall Street Journal
Good morning,
If and Only If
Saudi Arabia and Russia said Tuesday they would halt oil production increases—if major producers followed suit. That means Iran, Iraq and other large producers would also have to freeze output, which could prove too much to ask. Oil prices rose this morning, as investors looked for clues on whether the agreement between major producers to support prices can hold. The pressure was turned up on Iran and Iraq to join the deal. Later today, the president of OPEC is expected to discuss a plan to cap crude production at a meeting in Tehran amid wide-ranging skepticism about the chances of such a plan. Meanwhile, prominent investors can’t seem to stay away from new energy bets.
Supreme Battle
A new fault line is emerging in the battle over filling the Supreme Court vacancy left by Justice Antonin Scalia: whether the Republican-controlled Senate should at least hold hearings this year on the president’s forthcoming nominee. President Barack Obama said he seeks a candidate who “indisputably is qualified” for the job, while administration officials indicated he wants a nominee who can attract some Republican support. The tensions could further divide the Republican party, where conservatives have expressed frustration with what they see as a willingness by the GOP leadership to compromise repeatedly on their principles. The fight also leaves vulnerable Republican senators who are up for re-election in the middle.
Sweet Carolina
The focus of the presidential election has shifted to South Carolina. The state adjusted to global trade but bears scars from mills closed by foreign competition, revealing a GOP voter divide between an outward-looking business wing and an inward-looking base skeptical of the party’s traditional agenda. The primary on Saturday is for Republicans; Democrats will hold a South Carolina primary a week later. Hillary Clinton, who is relying heavily on black voters for a win, said she would work to end the so-called school-to-prison pipeline, where schools criminalize misbehavior. Polls show that she has a commanding lead in South Carolina. Meanwhile, renewed concerns about a global slowdown also point to how quickly the election could shift to the performance of the U.S. economy.
The Men’s Department
More men are shopping like women. They are seeking out style trends, making impulse purchases and taking time to browse. Sales of premium men’s grooming products are expected to grow almost as fast as women’s in the next few years, according to Euromonitor. Global sales of men’s designer apparel continue to grow at a healthy clip. Retailers and designer labels have been expanding their men’s areas. Saks Fifth Avenue plans to open a men’s-only store in New York City next year. “As men become more concerned about how they look, what they wear and products they use, their decision-making is beginning to imitate women’s,” said one analyst.
TODAY'S VIDEO
A More Personal Synthetic Voice for Those Who Can’t Speak
That Was Painless
A wave of new technologies is giving people like Max Plansky, who are unable to speak due to a debilitating condition, a more personal synthetic voice. Photo/Video: Denise Blostein/The Wall Street Journal
TOP STORIES
U.S.

Chicago Mayor Backs Policy to Release Police Videos in 60 Days

Investors With Cash Edging Out First-Time Home Buyers
WORLD

China Deploys Missiles on Disputed South China Sea Island

Iran ‘Foreign Legion’ Leads Battle in Syria’s North
BUSINESS

U.S., Cuba Sign Deal to Reopen Scheduled Air Travel Between Nations

Big Media’s Fortunes Wane as Cable Operators Prosper
MARKETS

The Plot to Kill the $100 Bill

Warning Light Flashes for the Commercial Property Boom
NUMBER OF THE DAY
$785 Million
The amount that Drugmaker Pfizer Inc. on Tuesday agreed to pay in principle to settle a long-running U.S. government investigation of allegations that its Wyeth unit overcharged government Medicaid health programs for the heartburn drug Protonix.
QUOTE OF THE DAY
The financial sector has lobbied hard to preserve its current structure and thrown up endless objections to fundamental change...And in the immediate aftermath of the crisis, when the Dodd-Frank Act was passed, the economic outlook was perhaps too uncertain to take truly bold action. But the economy is stronger now, and the time has come to move past parochial interests.
Neel Kashkari, chief of the Federal Reserve Bank of Minneapolis, called yesterday for policy makers to consider breaking up big banks to prevent future government bailout
TODAY'S QUESTION
Going back to our story above, what are your thoughts on the future of oil prices? 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 President Obama nominating someone to replace Justice Scalia, Mike Adkins of Minnesota commented: “President Obama is entitled to nominate someone and the Senate is obligated to consider that nominee. There will be no compromise and therefore no approval of anyone nominated. Such is the state of politics in American today and the result would be the same if the roles were reversed, i.e. Republican president and Democrat majority in the Senate. If this split exists after the election, it will be a long time before this vacancy is filled.” And Joseph Porter of Missouri wrote: “The situation would seem to favor Democrats in two ways: first, it should almost be a given that--regardless of who is nominated--the court will be less conservative than it was with Justice Scalia; second, any political tantrums thrown by the Republicans during the confirmation process are likely to hurt their ultimate presidential candidate more than help him. Should Obama nominate a clear moderate to the bench, Republicans might be best advised to choke it down and live with it.”
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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