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

The Wall Street Journal
Gerard Baker is away. Today’s 10-Point is by Deputy Editor in Chief Matt Murray. Follow him on Twitter @MurrayMatt.
Good morning,
Wrath of Khan
Khizr Khan, the father of a Muslim U.S. Army captain killed in 2004, said he isn’t a proxy for Hillary Clinton’s campaign after taking swipes at Donald Trump in a Democratic convention speech that touched off a turbulent debate that spread with viral speed online and spurred a tense exchange with the GOP nominee. Responding to Mr. Khan’s contention in his speech that Mr. Trump had “sacrificed nothing and no one,” Mr. Trump, cited the “thousands and thousands of jobs” he created as examples of his sacrifice. Mr. Khan described himself as a political independent but made clear that, to him, Mr. Trump is an unacceptable choice for president. Meanwhile, we report that both presidential candidates have busy weeks of travel ahead, while Democrats are seeking to capitalize on recent controversy in the governors’ races in Indiana and North Carolina.
Paying Dividends
Technology stocks that predate the internet bubble of the late 1990s are hot again, thanks to a feature that many tech firms deliberately avoided in those days: hefty dividends. The sight of big-name technology companies paying large dividends is causing some double takes. Executives and analysts often contended during the technology boom of the 1990s that a company that paid a dividend was implicitly acknowledging limitations on its growth potential. The wave of cash now pouring into older tech stocks reflects investors’ willingness to pay up for investments that provide steady income. Meanwhile, in the slowest year for U.S. IPOs since 2009, we report that the downtrodden IPO market just can’t compete with buyers who are willing to pay big to take potential listings off the board. More companies, from Dollar Shave Club to oil company Centennial, are choosing a sale over a public listing.
Ride-Sharing
Global ride-hailing giant Uber Technologies Inc. has given up its costly battle for China’s riders, swapping its local operations there for a minority stake in the country’s homegrown champion. Investors in Uber’s local China operations will take 20% of rival Didi Chuxing Technology Co., which was valued at $28 billion in its latest fundraising round, as part of the deal, which could be announced today. Uber will become the largest shareholder in Didi Chuxing, while Didi will also invest $1 billion in Uber. The deal marks an end to Uber’s foray to establish an independent foothold in China, which began in 2013 and was considered a rare case of a U.S. tech major making inroads into the local market.
Jihad Factory
The rise of Islamic State has caught Europe’s prison systems flat-footed. To keep militants off the streets, authorities are throwing many of them in jail, but that is injecting battle-hardened radicals into overcrowded prisons. Convicted terrorists sit atop the social pecking order in many of these facilities, using jail time to plot new attacks or groom petty criminals for jihad. We report that, in an attempt to disrupt the aura around radical inmates, governments across the continent have begun to experiment with special measures, such as segregating radicals from other prisoners. Meanwhile, France has widened the probe following an attack in Normandy last week in which two Islamist radicals, one of which had served time in a French prison, killed a priest. We also report that social-media companies are trying to level the playing field in the online propaganda war with Islamist radicals through online advertising.
Trouble in the Twitterverse
Whether you’re a Twitter pro or a complete novice, it’s possible that the best way to get the most out of Twitter is to avoid it as much as possible, writes our Keywords columnist Christopher Mims. Understanding why this is the case illustrates Twitter’s larger problem: the service reaches way more people than have accounts or regularly engage with it directly. Twitter is so bad at surfacing its most valuable content that, in a form of information arbitrage, a whole ecosystem of other players has arisen to do it, from apps and data-mining services to the news media itself. Twitter is a place where people create content, yet it is ceding to others the control over how people consume it. The future of the company may depend on its ability to capture more of its indirect audience.
TODAY'S VIDEO
Alternative Sentence
That Was Painless
Moriah Shock Incarceration Correctional Facility in upstate New York is one of the last prisons in the U.S. that seek to “shock” inmates out of criminal behavior through a military-style boot camp.
TOP STORIES
U.S.

Three Chicago Officers Stripped of Policing Powers After Shooting Death

U.S. Regulatory Debate About Sightseeing Balloons Spans Years
WORLD

Europe Is Losing Track of Child Refugees

Cheap Oil Squeezes South Asia’s Cash Lifeline
BUSINESS

Telecoms Consider Fee Hikes, as Fierce Price War Plays Out

Tech Sector’s Profits Are Fueled by Mobile, Cloud
MARKETS

Startups Shake Up 401(k) Arena

Goldman Sachs Subpoenaed by U.S. Agencies for Documents Related to 1MDB
NUMBER OF THE DAY
$4.4 billion
The amount in cash that a Chinese investor group, joined by a private-equity arm set up by Alibaba’s Jack Ma, agreed to pay to purchase Israeli games business Caesars Interactive Entertainment.
QUOTE OF THE DAY
I hope I don’t get eaten.
Rosetta Steeneveldt, 46, of Trondheim, Norway, on running the Big Five Marathon, which offers thrill seekers the chance to run through a South African safari park inhabited by rhinos, elephants and lions.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on Mr. Trump’s exchange with Mr. Khan? 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 Friday’s question on the Games of the 31st Olympiad beginning this week in Rio de Janeiro, Colin Turner of Florida wrote: “The medal count is irrelevant, as we have credible terrorist threats, polluted waters and collapsing venues, that the host country is ill-equipped to handle. The lasting memory of these Olympics will be that at one point, everyone knew it was a bad idea to continue, but those in charge did nothing to stop the bus before it drove off the cliff.” And Dylan Mark of New York commented: “More than a handful of U.S. cities could host the Games with little additional work required. Why the committee chooses countries riddled with economic and political discord is baffling.”
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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