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

The Wall Street Journal
Good morning,
No Holds Barred
Donald Trump and Hillary Clinton delivered some of the presidential campaign’s most rancorous attacks yet in a memorable town-hall debate Sunday, with the Republican nominee accusing his Democratic opponent of having “hate in her heart” and her countering that Mr. Trump doesn’t tell the truth. It was perhaps the debate that American politics has been cultivating for a quarter of a century, marking as it did the nadir of bitter partisanship and personal rancor that has been steadily growing. The electrifying exchange included Mr. Trump threatening to try to put Mrs. Clinton in jail if he is elected, while he also sought to turn the focus to former President Bill Clinton. The debate landed amid one of the most convulsive periods of the campaign, in which a steady procession of prominent Republicans have sworn off Mr. Trump after seeing a 2005 video in which he boasted about making unwanted sexual advances. However, Mr. Trump succeeded, much better than he did in the first debate, in hitting Mrs. Clinton on key policy issues of health care, immigration and foreign policy, as well as challenging her on her trustworthiness over her private email server and the Benghazi attack in which four Americans were killed.
Unlucky 7
Samsung has temporarily halted production of its troubled Galaxy Note 7, the latest setback for the South Korean technology giant as it struggles to manage a recall of 2.5 million smartphones. Samsung’s move comes after a spate of fresh reports of overheating and battery drainage problems with phones that have been distributed to consumers to replace devices that may catch fire. The production halt underscores the growing seriousness with which Samsung is dealing with its largest-ever product recall, while the new incidents raise questions about Samsung’s initial explanation of the battery problem. On Sunday, AT&T and T-Mobile US said that they would stop issuing new Galaxy Note 7 smartphones to replace the ones turned in by U.S. customers, adding a further twist to the already complex recall process.
Shock Absorber
Despite the shock of Brexit, and last week’s market gyrations as the U.K. government began to lay out firmer details about its plans, more than three months after the referendum there are few tangible signs of economic distress in Britain: Employment is steady. The stock market has held up. Government bonds are strong. Houses are still being bought and sold. Consumers are still consuming. Credit, say economists, goes in large part to the decline of the British pound, which has acted as a giant shock absorber against Brexit. It fell 11% against the dollar in two trading days after the vote, and after another sudden slump last week is now down 16%. But suffering Brexit’s pain through the currency may be more comfortable than through higher unemployment or other ills—a luxury that wasn’t available to eurozone countries during the currency bloc’s debt crisis. Brexit is a significant test of the currency release valve’s strength and reliability.
Robot Rapport
Conversation, with all its quirks, is how we interact with one another. Soon, it will be how we interact with machines. When Amazon’s engineers built the Echo, a voice-controlled, internet-connected speaker powered by artificial-intelligence software, they didn’t anticipate that people would talk to it as if it were a person. But it turns out that humans can form emotional bonds with a “social technology.” Now, sensing that many users want a companion, Amazon is giving the software a personality. And Google, too, has been working to make its voice interface, and the artificial intelligence behind it, personable. Last week the company rolled out Google Home, an Echo-like device powered by Google Assistant. It isn’t a surprise that we will access technology by voice, writes our Keywords columnist Christopher Mims. More surprising will be how people work alongside, and develop affection for, these computers.
TODAY'S VIDEO
Path of Destruction
That Was Painless
Hurricane Matthew pummeled North and South Carolina with strong winds and record flooding Sunday, leaving at least 18 people dead on its rampage up the U.S. Atlantic coast. In Haiti, where Matthew swept through last week, the confirmed death toll reached at least several hundred, and the storm displaced more than 60,000 people.
TOP STORIES
U.S.

Global Political Uncertainty Weighs on Growth Outlook

California Police-Shooting Suspect in Custody
WORLD

Yemen Airstrike Spurs U.S. Review of Support for Saudi Military Campaign

Pope Francis to Appoint 17 New Cardinals
BUSINESS

Whole Foods Sets Up Shop in Low-Income Neighborhoods

Study May Boost Use of Merck Lung-Cancer Drug
MARKETS

Italy Wags Finger at Germany Over Deutsche’s Woes

A Reason to Worry: Markets Move in Step
NUMBER OF THE DAY
44.7%
The top five banks’ share of foreign-exchange market volume in the first half of 2016, down from 61% in 2014. Wall Street’s retreat from currency trading may be reducing risk at the banks, but it is contributing to bouts of extreme volatility in the foreign-exchange market.
QUOTE OF THE DAY
There’s a lot of people out there that just can’t afford it…I’m one or two unfortunate circumstances away from being in that boat. That’s scary because I need that stuff to live. Without it, I die.”
Jeff Dunlop, a 41-year-old mental-health case manager in Winter Haven, Fla., on soaring insulin prices. Though list prices for the drug are higher, it is largely the middlemen known as pharmacy-benefit managers who are benefiting, not the drug manufacturers.
TODAY'S QUESTION
Going back to our story above, what did you think of the second 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 Friday’s question on Snap working on an initial public offering, Maury D. Gaston of Alabama wrote: “Wealth is created by manufacturing, mining, and agriculture—make it, mine it, or grow it. Wealth is not found in digital images that disappear.” Rich Irwin of Ohio commented: “Another opportunity for risk takers to get rich and help others get richer. Capitalism isn’t dead, just misunderstood by control freaks.” And Augusta Era Golian of Texas weighed in: “Too bad. The bigger target it will be for hacking. There is nothing that cannot be hacked, only targets that have not yet been hacked.”
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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