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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,
ISIS Assault
The U.S. conducted airstrikes against Islamic State’s primary stronghold in Libya for the first time on Monday, deepening American involvement in efforts to defeat the group in North Africa. U.S. aircraft struck Islamic State vehicles and a tank in the coastal city of Sirte, a critical base for the extremist group outside its self-declared caliphate in Iraq and Syria, a Pentagon spokesman said. The U.N.-backed Libyan government has been fighting in a campaign alongside local militias to oust Islamic State from Sirte. By Monday, the group had been isolated to a roughly 3.1-mile radius in the city, according to the head of military intelligence for the militias.
Rio Regrets
Rio de Janeiro’s Olympics woes have soured the International Olympic Committee on cities in the developing world playing host to the world’s biggest sporting event. The organization is now backing away from a previous goal of opening up the Games to a broader selection of cities: Ambitions to hold the Olympics in Africa or India appear shelved indefinitely. Rio, the first South American city to host the event, was supposed to mark the dawn of a new, more adventurous era for the IOC. It is, instead, shaping up as a cautionary tale, with Brazil’s worst recession in decades, lagging construction, cost overruns, heavy pollution and negative local sentiment. Meanwhile, severe congestion jammed Rio’s streets on Monday as authorities closed off lanes for Olympics-related traffic, raising questions about the city’s transit plans four days before the opening ceremony.
Verizon’s Big Gamble
With revenue growth and profits flat in the wireless industry, Verizon is looking to Hollywood and Silicon Valley. We chronicle the wireless carrier’s more than $10 billion gamble to build a digital-media business to compete with Facebook and Google for advertising dollars. The plan is to own and distribute online content and use data collected from mobile phones to target advertising to tens of millions of users. Verizon gained some ad technology and websites last year by buying AOL, and it doubled down in July by agreeing to pay $4.8 billion for Yahoo. It is a radical move for a corporate giant long treated by investors as a utility with a safe dividend, and is a strategy that has previously stymied other players, including Yahoo itself. Meanwhile, Verizon said Monday that it agreed to acquire mobile workforce-solutions company Fleetmatics for $2.4 billion.
Pocket Vetoes
Marriages around the country are being tested by cargo shorts. Men who love the loosely cut shorts with large pockets sewn onto the sides say they’re comfortable and practical for summer. Detractors​ say they’ve been out of style for years, deriding them as bulky, uncool and just flat-out ugly. Fashion historians believe cargo pants were introduced around the 1940s for military use. They exploded into mass fashion in the mid-to-late 1990s. Sales have fallen over the past year for the first time in a decade, but retailers still sell more than $700 million worth of cargo shorts every year in the U.S. One man admits that in his 11-year marriage, 15 pairs of cargo shorts have slowly disappeared from his closet. His wife’s reply: “There were so many good things about the ’90s. Cargo shorts were not one of them.”
TODAY'S VIDEO
Elon’s Empire
That Was Painless
Tesla on Monday said it had reached a deal to buy SolarCity for less than the price it originally proposed, as Elon Musk takes the next step forward with his plan to combine his electric-car and solar-energy companies. The all-stock deal values SolarCity at about $2.6 billion.
TOP STORIES
U.S.

FBI Employee Pleads Guilty to Feeding Information to China

Student-Loan Defaulters in a Standoff With Federal Government
WORLD

Aleppo Conditions Worsen Under Siege

Russian Helicopter Shot Down in Syria
BUSINESS

Uber’s Efforts to Build Chinese Business Ultimately Fail Against Homegrown Rival Didi

Coal Glut, Environmental Pushback Derail West Coast Port Plans
MARKETS

Warning From Tokyo: Don’t Let Bank Regulators Create Another Japan

Aramco Buyer Beware: The Risky Track Record of Government Oil
NUMBER OF THE DAY
$40.06
The closing price for a barrel of crude on the New York Mercantile Exchange on Monday, after oil prices entered a bear market, briefly dipping below $40 a barrel. The drop underscored deep concerns over a supply glut that has plagued the industry for two years. Prices held steady so far today.
QUOTE OF THE DAY
I’m afraid the election is going to be rigged, I have to be honest.
Donald Trump questioned the integrity of the nation’s election system at a rally in Columbus, Ohio, on Monday. His remarks followed his weekend calls to change the dates of the three general-election debates because two of them are scheduled at the same time as pro football games.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on the U.S. conducting airstrikes against Islamic State’s primary stronghold in Libya? 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 Mr. Trump’s exchange with Khizr Khan, Lee Alcott of Florida wrote: “Mr. Khan’s dignity accentuates Mr. Trump’s lack of it. What baffles me is how many Republican ‘leaders’ condemn (again) Mr. Trump’s remarks and yet continue to sacrifice their honor by endorsing him.” Bruce Maiman of California said: “It won’t happen (because his supporters don’t care) but it would be ironic if Mr. Trump’s attacks on a patriotic Muslim family ended up unraveling his campaign.” And Jake s of Illinois commented: “Mr. Trump’s response was inappropriate. Families like the Khans are precisely what make America great. All Republicans and Democrats should be able to see that. In addition, we learned that when the Democrats present bait, Mr. Trump will take it hook, line and sinker. Mr. Trump better learn quickly or he is going to ruin his chances in November.” But Bob Loach of Virginia shared: “Mr. Khan decided to make his son’s death a political event by attacking Mr. Trump, whom he has never met. His decision to use the nationally televised event cheapened his son’s sacrifice.”
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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