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

The Wall Street Journal
Good morning,
Veepstakes
In a lively and combative debate between the two vice-presidential nominees on Tuesday night, Mike Pence and Tim Kaine each cast the other party’s presidential nominee as an unacceptable choice for a country facing a perilous world. The aggressive tone of the debate was set early, with Mr. Kaine embracing the traditional vice-presidential role as the chief attack dog and Mr. Pence sketching out a surprisingly far more confrontational stance against Russia than has been voiced by Mr. Trump. Mr. Pence did earn high marks from analysts for his cool-under-pressure debating style in the face of frequent interruptions by Mr. Kaine. At the same time, he often found himself on the defensive, largely avoiding opportunities to explain some of Mr. Trump’s most controversial statements. The debate is unlikely sway many undecided voters, but it did provide insights into how each party sees the election.
Twitter Fight
Twitter is expected to field bids this week, and Salesforce.com CEO Marc Benioff has been building a case to investors and others that his company should be the buyer. Mr. Benioff, whose recent approach to Twitter set off the bidding process, is looking to make a splashy acquisition that would secure for Salesforce a treasure trove of data as well as a prized consumer brand. But the brash CEO, who lost out to Microsoft in a bitter battle to buy LinkedIn this spring, faces formidable obstacles. Google may bid also, while media giant Walt Disney has been considering its own offer. Twitter could cost upward of $20 billion, or more than a third of Salesforce’s roughly $49 billion market value, but would be more bite-sized for Google, whose parent Alphabet sports a market value of more than $500 billion.
Pounded
Britain’s markets went on a wild ride Tuesday, with the pound tumbling to its lowest level against the dollar in 31 years even as U.K. stocks soared. The action is the latest illustration of the swirling dynamics created by the June 23 vote to leave the European Union, a decision that stands to deepen a divide between winners and losers among British companies. Markets around the world are grappling with how to process new information about Britain’s exit plans, at times sanguine about the effects and yet also showing spasms of doubt. That has hit the British pound, but the euro has remained relatively calm and bond yields across the continent have been at historic lows as central banks continue to stimulate economies. In early trading this morning, the British currency continued to plumb new depths.
Trick or Treat
Halloween has become a destination holiday. Gone is the obligatory meet-and-greet of neighbors who live close by. On Halloween in cities and in many suburbs, children descend on a few streets that take decorations seriously and create a spooky carnival feel. For host streets, there are rising expectations that they will put on a show and provide candy. Some parents feel safer sending their trick-or-treaters to streets that are well lighted, free of traffic and easier for centralized adult supervision. Others simply want a saturated Halloween experience, with live music, barbecuing and about 1,000 trick-or-treaters an hour. Local governments vary in how they handle requests for special-event street closures, but police officers say a centralized trick-or-treat location can be safer.
TODAY'S VIDEO
Google Gear
That Was Painless
Google is taking shots at Amazon, Apple and Samsung with its new line up of hardware products announced Tuesday. Here’s a look at the five new products the company is launching for the 2016 holiday season.
TOP STORIES
U.S.

Lobbyists as Directors Test Rules for Corporate Boards

Some Big U.S. Cities See Apartment Rents Fall for First Time in Years
WORLD

Colombia Pact’s Foes Seek Jail for FARC Rebels

Hurricane Matthew Hits Eastern Cuba After Lashing Haiti
BUSINESS

For Business Leaders, Hacking Attacks Get Personal

Target Goes After Millennials With Small, Focused Stores
MARKETS

A Onetime Housing Skeptic Plans $1 Billion Bet on Homes

Developers Make Bets on Iran
NUMBER OF THE DAY
$216 billion
The value of assets covered by BlackRock’s decision to lower ETF fees. The world’s largest money manager is cutting fees at more than a dozen exchange-traded funds, another sign of how a federal overhaul of retirement-savings rules is transforming parts of the financial-services industry.
QUOTE OF THE DAY
The pledges we have made in the past remain unchanged. Our goodwill is unchanged. But we will not succumb to pressure from China.
Taiwanese President Tsai Ing-wen vowed that Taiwan wouldn’t buckle under the pressure China has ratcheted up on the island, though she pledged to avoid confrontation and urged Beijing to hold talks with her government.
TODAY'S QUESTION
Going back to our story above, what was your reaction to the vice presidential debate? 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 Obama administration quitting talks with Russia over the failed cease-fire in Syria, Matt Moran of Washington wrote: “Shame on Secretary of State John Kerry for allowing the flame of the possible to be extinguished. He lacks the fortitude necessary for the job at hand, which is peace.” John Rickey of the Philippines said: “The U.S. has worked itself into a corner. Thanks to President Obama’s refusal to react to the crossing of the red line he drew years ago, before Russia was thoroughly vested in Syria, thousands more have been killed and hundreds of thousands have fled as refugees have inundated mostly Europe. A monumental failure that will go down in history as such.” And Massimo Piras of Belgium commented: “The Russians’ barbaric behavior left the U.S. little choice. However, after Syrian President Assad consolidates his power in Aleppo and the narrow strip running from the Alawite stronghold to Damascus, I expect negotiations to resume and this time swiftly prove successful.”
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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