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

The Wall Street Journal
Good morning,
Today marks the first day of the annual WSJDLive conference in Laguna Beach, Calif., where we’re bringing together industry leaders to explore the biggest tech opportunities emerging around the world. I’m on my way to California now, where tonight I interview Microsoft CEO Satya Nadella. I invite you to follow along on social media.
Obstacles Ahead
AT&T’s blockbuster $85.4 billion deal to buy Time Warner promises to reshape the media landscape—if the companies can navigate a series of hurdles, including possible opposition from U.S. antitrust authorities. Even before the deal was announced Saturday night, members of Congress, industry rivals and Republican presidential nominee Donald Trump began to question it, contending the combination of AT&T’s millions of wireless and pay-television subscribers with Time Warner’s stable of TV networks and programming would limit competition and hurt consumers. Regulators’ questions are likely to focus on whether AT&T would favor content acquired from Time Warner, whether the merger would lead to higher prices, or whether it would widen the playing field by making AT&T a stronger competitor. We go behind the scenes to explore how the deal came about and examine its possible consequences.

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Influential Friends
The political organization of Virginia Gov. Terry McAuliffe, an influential Democrat with close ties to Bill and Hillary Clinton, gave nearly $500,000 to the election campaign of the wife of an FBI official who later helped oversee the investigation into Mrs. Clinton’s email use. We report that Dr. Jill McCabe, who is married to Andrew McCabe, now the deputy director of the FBI, announced her candidacy for Virginia state Senate in March 2015, the same month it was revealed that Mrs. Clinton had used a private email server as secretary of state. Dr. McCabe was recruited by Mr. McAuliffe and other state party leaders but lost the election. In other political news, Mrs. Clinton is devoting more attention to the postelection landscape while Mr. Trump is making a push in Florida. Meanwhile, the fight for Senate control now hinges on a handful of tight races.
Costly Call
After reports spread in early September of Galaxy Note 7 smartphones catching fire, Samsung executives debated how to respond. We report that some were skeptical that the incidents amounted to much, but others thought that the company needed to act decisively. The company’s decision to push a sweeping recall based on what turned out to be incomplete evidence is now coming back to haunt it. Two weeks after Samsung began handing out millions of new phones with batteries from another supplier, a spate of new incidents—some involving supposedly safe replacement devices—forced the company to all but acknowledge that its initial diagnosis was incorrect. With regulators raising fresh questions, Samsung decided to take the drastic step of killing the phone outright. The company’s leaders are now struggling to salvage its credibility.
Money Miscalculations
Our relationship to money changes as we get older. So do the mistakes that we make with it. The beginning of one’s career is the time to be aggressive to build a nest egg that grows over decades. But research shows today’s 20-somethings tend to hold back on investing or make very conservative moves. Meanwhile, people in their 40s often fail to pay down a mortgage quickly enough, leaving them covering the costs into retirement. In our wealth management report, we outline these and other common mistakes by decade, including the biggest mistake people make when nearing retirement. This simple quiz can help predict whether you’ll regret the timing of your own retirement.
TODAY'S VIDEO
Scorched Earth
That Was Painless
A noxious cloud drifted over a base used by U.S. troops involved in the Iraqi offensive to retake the city of Mosul on Saturday. Islamic State militants had set fire to sulfur stocks at a factory south of Mosul on Thursday. Kurdish forces claimed new advances against Islamic State in the battle for Mosul on Sunday, but the Islamist militants hit back with a third straight day of attacks in the northern city of Kirkuk and a new strike in western Anbar province.
TOP STORIES
U.S.

Sputtering Startups Weigh on U.S. Economic Growth

Executions Fall to Lowest Level in Decades in U.S.
WORLD

Fighting Returns to Aleppo After Cease-Fire Ends

China’s Xi Jinping Seeks Safety in Numbers—Or Else
BUSINESS

Rockwell Collins to Buy B/E Aerospace for $6.4 Billion

Irish Whiskey Barrels Ahead
MARKETS

Investors’ New Message to Global Governments: Spend More

Pricing Oddity Has One Manager Advising Clients Not to Buy His Fund
NUMBER OF THE DAY
46%
This year’s return on Venezuela’s sovereign bonds through Friday, making them the best performers in emerging markets in 2016. The government of President Nicolás Maduro continues to pay billions of dollars annually to service Venezuela’s debt while the country is plagued by widespread hunger, skyrocketing infant mortality and 500% inflation.
QUOTE OF THE DAY
We often say, ‘Have you googled him? Have you looked him up in the Book of Icelanders?’
Jona Holmgeirsdóttir, a 23-year-old student who lives in Reykjavik, Iceland, on the small country’s unwritten rule of dating: Use an online genealogy database to make sure you’re not cousins.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on the AT&T-Time Warner deal? 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 revelations of Islamic State militants ordering attacks from abroad via chat apps, James J. Hyland of Wisconsin shared: “No one should be surprised that our enemies engage in cyber-warfare. It is a convenient and inexpensive weapon, especially for those without the military might of a world power. C’est la guerre!” Rich Irwin of Ohio weighed in: “They can order all they want to, but the locals still have to decide to do it.” And Drew Kelley of Nevada commented: “How dare these uncouth barbarians avail themselves of the latest technology—don’t they know their place? This stuff is only to be used by the ‘right’ people.”
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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Copyright 2016 Dow Jones & Company, Inc. All Rights Reserved.   

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