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

The Wall Street Journal
Good morning,
Under Pressure
While Hillary Clinton and Donald Trump look ahead to their parties’ conventions, significant obstacles linger for both candidates. Republicans moved Wednesday to keep alive Mrs. Clinton’s email controversy, calling on FBI Director James Comey to testify Thursday before a House panel, though Attorney General Loretta Lynch announced late Wednesday that she is officially closing the email investigation without bringing charges. Meanwhile, anti-Trump forces see a convention coup as within reach. The presumptive nominee’s intraparty foes are waging an intense effort to push for a vote on freeing delegates to back whomever they wish. The anti-Trump camp needs the backing of 28, or one-quarter, of 112 Convention Rules Committee members to place the issue before the full convention. Our survey suggests it could be close. We also report that Mr. Trump has ramped up his campaign fundraising and Mrs. Clinton is expanding her college tuition plan.
Overdrive
Enthusiasm for self-driving technology might be racing ahead of its capabilities. Since Tesla’s Autopilot software made its debut in October, it has been linked to a handful of crashes in addition to a fatal one in Florida in May, spurring a broader reckoning about the technology. Regulators said Wednesday they are also “collecting information” about a Tesla Model X crash on July 1 in Pennsylvania. Some Tesla owners say Autopilot doesn’t work well enough, while others said it works so well that it has lulled them into potentially dangerous situations, such as falling asleep at the wheel. According to the company, the accident rate among Tesla drivers who use the technology is far lower than those who don’t. Still, the auto maker has begun looking for ways to intervene when drivers misuse its automated-driving system.
In Search of Bonds
Money managers are worrying that when they need U.S. Treasury bonds, there won’t be enough at hand. On the surface, the concern might seem unwarranted: the U.S. bond market is the largest in the world and Treasurys are among the most easily traded asset classes. But a buying spree by central banks is reducing the availability of government debt for other buyers and intensifying the bidding wars that break out when investors get jittery, driving prices higher and yields lower. The squeeze could get worse if central banks in Japan and Europe decide as expected to step up their stimulus efforts. Among those feeling the worst pinch are pension funds and life insurance firms in Japan, Europe and the U.S., but even central banks themselves are having trouble finding all the bonds they need.
Catch a Ride
When you land at the airport, all you want is a ride home or to a hotel. But at 10 of the 40 busiest airports in the U.S., ride-sharing services such as Uber and Lyft aren’t allowed to pick up passengers. Airports in cities including Atlanta, Orlando, Detroit, Boston and Philadelphia don’t permit pickups unless drivers have a chauffeur’s license or livery plates. Sometimes the bans are loosely enforced and drivers pick up passengers anyway. Not always: in Orlando, mystery shopping firms bust rogue ride-sharing drivers. In some places, travelers have figured out strategies to bypass the restrictions, such as taking shuttle buses to rental car lots or hotels and summoning cars from there. Be sure to consult our list of airports before your next trip.
TODAY'S VIDEO
Transparent Tech
That Was Painless
A startup called Fairphone is pulling back the curtain on an electronics supply chain plagued by forced labor and armed militias. Is a truly ethical smartphone possible?
TOP STORIES
U.S.

Fed Minutes: Officials Divided on Rate Path Amid Uncertain Economic Outlook

U.S. Justice Department to Investigate Police Shooting in Baton Rouge
WORLD

Obama to Slow Troop Withdrawal From Afghanistan

U.S. Puts First Sanctions on North Korean Leader Kim Jong Un
BUSINESS

Danone Boosts U.S. Business With $10 Billion WhiteWave Deal

Few Small Businesses Take Advantage of Mini-IPOs
MARKETS

Bridgewater’s Flagship Fund Falters as Another Thrives

Desperate for Yield? Utility Stocks Are More Dangerous Than They Look
NUMBER OF THE DAY
$465 billion
The approximate market value lost by 20 of the world’s big banks since the start of 2016. Bank stocks have suffered from a variety of factors this year, from the U.K.’s vote to exit the EU to uncertainties about the path of U.S. interest rates.
QUOTE OF THE DAY
When I first walked into the wedding hall, I felt there was pity in everyone’s eyes, and I felt very alone.
Siwar, a 22-year-old from northern Syria, on having a groomless wedding ceremony while her husband was in the Netherlands. With many men having fled the country, Syrian brides often stand alone.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on Tesla’s Autopilot software? Send your comments, which we may edit before publication, to 10point@wsj.com. Please include your name and location.
—Compiled by Margaret Rawson
READER RESPONSE
Responding to yesterday’s question on the FBI recommending against charging Mrs. Clinton, David Bullock of New York said: “Mrs. Clinton violated the rules for handling classified information and then repeatedly lied about it to the American public.” Margaret Fadus of New York wrote: “The claim that she did not recognize the sensitive and confidential nature of her emails is ludicrous.” Roger Crain of Maryland commented: “It’s a measure of the depth of this country’s toxic political divide that the clear-eyed, tough-minded director of the FBI, himself a Republican, is castigated by members of his own political party for not making a partisan political decision.” But Dave Guenthner of Nebraska opined: “The FBI Director decided to be fact-finder, judge and jury. This decision was clearly political and a special prosecutor should have been appointed.” And Keith Elcock of Indiana weighed in: “Some things need to get settled at the ballot box.”
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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