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

The Wall Street Journal
Good morning,
The Day After
While Hillary Clinton sought to capitalize on her strong performance in the most-watched presidential debate in history, Mr. Trump blamed a faulty microphone and what he called unfair questions from moderator Lester Holt for an appearance that even GOP strategists deemed uneven and insufficient. With the first debate behind them, both candidates fanned out into swing states and began plotting for the next showdown, on Oct. 9 in St. Louis. Mrs. Clinton looked to bolster her standing among female and Hispanic voters, as Mr. Trump continued to stumble over his past comments on 1996 Miss Universe Alicia Machado. Meanwhile, we report that Mr. Trump’s tactic of bluntly defending his business practices presents risks, particularly among centrist voters who may not see the rough and tumble of capitalism as a political virtue.
Clawback Coming?
Wells FargoChairman and Chief Executive John Stumpf will forfeit $41 million in pay because of the bank’s burgeoning sales scandal, marking one of the biggest rebukes to the head of a major U.S. financial institution. The bank’s board moved to rescind pay for Mr. Stumpf and former community-banking head Carrie Tolstedt ahead of a hearing of the House Financial Services Committee tomorrow. Wells Fargo’s board said Ms. Tolstedt, who oversaw retail banking during bad behavior there, will forfeit unvested equity awards valued at $19 million. Clawbacks became a big focus of a Senate Banking Committee hearing last week into the bank’s sales tactics, which earlier resulted in a $185 million fine and regulatory action. The awards being forfeited by Mr. Stumpf represent about a quarter of the total compensation he has accrued over his nearly 35 years at the bank.
On Its Way
Amazon, which already sells everything, now wants to ship everything, in a brazen challenge to America’s freight titans UPS and FedEx. Tackling the delivery business, Amazon executives say, is a logical way to add delivery capacity—particularly during the peak Christmas season. But interviews with nearly two dozen current and former Amazon managers and business partners indicate the retailer has grander ambitions than it has acknowledged. The company’s goal is to one day haul and deliver packages for itself as well as other retailers and consumers—potentially upending the traditional relationship between seller and sender. Amazon currently delivers its own packages from roughly 70 facilities in 21 states, having built most of them in the past two years, and could save $1.1 billion annually if it stopped using UPS and FedEx. But executives at the freight giants are skeptical, and so are analysts and logistics experts.
One for the Books
Nearly everyone who considers themselves well-read, or just desires to be, has a book, or several, that haunts them—the classic they haven’t read. Some keep an ever-lengthening list of books they feel they must read, or never forget the one they lied about completing in high school, or at a cocktail party last week. Is book guilt effective inspiration, or should it be left on the shelf with that lonely copy of “Ulysses”? Penguin Classics vice president and publisher Elda Rotor suggests small bites—reading a chapter at a time and not being obsessed with finishing—as a satisfying way to approach the classics. Amazon senior books editor Chris Schluep suggests people dealing with book guilt stop beating themselves up. It may just be that the book isn’t for you.
TODAY'S VIDEO
Rule the World
That Was Painless
Facebook COO and LeanIn.org founder Sheryl Sandberg says men still run the world and women are suffering from “a tyranny of low expectations.” She discussed results of a new survey on women in the workplace at our #WSJWomenIn dinner on Tuesday night.
TOP STORIES
U.S.

Health-Insurance Push Targets Young Adults

Immigrant Detention System Could Be in Line for an Overhaul
WORLD

EU Defense Ministers Discuss Deeper Military Cooperation

Germany Reaps Upside to ECB’s Easy-Money Policies
BUSINESS

Two Years Into Oil Slump, U.S. Shale Firms Are Ready to Pump More

Global Container Volume on Track for Worst Year Since 2009
MARKETS

Asia: Where American Investment-Banking Dreams Go to Die

Mexican Peso: The Hot Proxy Bet for the U.S. Election
NUMBER OF THE DAY
10
The possible minimum number of years it would take to establish initial manned landings on Mars, according to entrepreneur Elon Musk. Mr. Musk unveiled his contrarian vision for sending humans to Mars, and ultimately setting up colonies there, relying on bold moves by private enterprise instead of more gradual steps previously proposed by Washington.
QUOTE OF THE DAY
No one did more over so many years as Shimon Peres to build the alliance between our two countries.
U.S. President Barack Obama on the Israeli statesman who earned a Nobel Prize for his tireless efforts to forge peace with Palestinians. Mr. Peres died on Tuesday aged 93.
TODAY'S QUESTION
Going back to our story above, what are your thought’s on Amazon’s shipping ambitions? 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 which candidate performed better in the first presidential debate, Mary Thompson of New Mexico said: “It seemed to me Hillary Clinton put in a better performance. I say that grudgingly; she’s not my candidate. My only consolation is that Donald Trump is a quick study and I believe he was shocked into better preparation for Round 2.” Tony Mediavilla of Florida wrote: “Mrs. Clinton definitely outperformed Mr. Trump, but said nothing to change her detractors’ minds. Mr. Trump missed so many opportunities that he deserved to lose.” Susan Brennan of Florida commented: “The skills required to be an able debater are not the same as for one to be an effective president. Unfortunately, many will vote based on debating skills instead of presidential abilities.” And Wojciech Siemaszkiewicz of New Jersey weighed in: “From the start of the debate we saw an old school politician and a newcomer. Mrs. Clinton introduced her socialized agenda promising everything for everybody with the rich paying for it. Mr. Trump stated his vision of a new America based on changing the political status quo.”
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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