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

The Wall Street Journal
Good morning,
The Trump Team
Former Massachusetts Gov. Mitt Romney “is under active and serious consideration” to be Donald Trump’s secretary of state, Vice President-elect Mike Pence said Sunday, a move that would counterbalance the hard-line tilt of the president-elect’s national security team announced so far. Then again, there are other candidates for the job such as Rudolph Giuliani and Mr. Romney is far from assured. Mr. Trump’s remaining high-profile selections include the economic team that will join him at the White House. He continues to press for J.P. Morgan Chase Chief Executive James Dimon to be the next Treasury secretary, but the choice may well come down to investment banker Steven Mnuchin or Texas Rep. Jeb Hensarling. Those choices likely won’t be announced until after Thanksgiving, said Reince Priebus, the former RNC chairman whom Mr. Trump tapped to become his chief of staff. We examine the split within Mr. Trump’s economic team, particularly when it comes to trade.

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Selling to the Middle
Advertisers are grappling with a stark realization: After spending years courting U.S. consumers with aspirational images of upscale urban living, they may have misjudged the yearnings of much of their audience. In the wake of Mr. Trump’s victory with a wave of support from middle American voters, advertisers are reflecting on whether they are out of touch with the same people—rural, economically frustrated, elite-distrusting, anti-globalization voters—who propelled the businessman into the White House. Mr. Trump’s rise has them rethinking the way they collect data about consumers, recruit staff and pitch products. Some ad agencies are looking to hire more people from rural areas. The surprising outcome to the election also is likely to hamper advertising spending next year, as marketers try to figure out what implications the new administration’s decisions will have on businesses.
A Final Push
The Obama administration is considering new measures in its final months in office to strengthen the landmark nuclear agreement with Iran, with Mr. Trump’s first appointments foreshadowing an increasingly rocky road for the controversial deal. Action under consideration to buttress the pact includes steps to provide licenses for more American businesses to enter the Iranian market and the lifting of additional U.S. sanctions. The effort to shore up the agreement was under way before the election and isn’t aimed at boxing in Mr. Trump, who opposes the deal, officials said, also acknowledging the proposals are unlikely to make the nuclear agreement more difficult to undo. Mr. Trump’s first two picks for his national security team—retired Army Gen. Mike Flynn as national security adviser and Rep. Mike Pompeo (R., Kan.) as CIA director—have voiced opposition to the nuclear deal.
A Step Up
For anyone who has ever used a StairMaster at the gym, the time has come to really sweat—on a stepmill. As more people seek shorter, tougher workouts, gyms are adding the machines, which look like moving staircases, and removing the classic stair climbers that have been a staple since the 1980s. A traditional step climber’s pedals sink when you step on them and rise when you lift your feet, which can make workouts easier by shortening steps. Stepmill steps are a fixed height and move at a constant rate, pushing the user to keep up. They have become the most-used cardio machine after treadmills at gyms across North America. For some people they are a prelude to the main event: mountain-climbing expeditions.
TODAY'S VIDEO
Derailment in India
That Was Painless
At least 96 people were killed and scores of others injured Sunday after a passenger train veered off the tracks in northern India. The 14 derailed coaches crashed into one another, trapping hundreds of passengers inside.
TOP STORIES
U.S.

After Years of Turmoil, Republican Tax Overhaul Picks Up Speed

Young Immigrants Fear Deportation Under Donald Trump
WORLD

Pacific Rim Nations Push Back on Free-Trade Skepticism

South Korean President Aided Extortion Scheme: Prosecutors
BUSINESS

Why Saudi Arabia’s Oil Giant Aims to Be Big in Chemicals, Too

Symantec to Buy Identity Theft Protection Company LifeLock
MARKETS

Wells Fargo Grapples With OCC Move

Mortgage Rates Highest Since July ’15
NUMBER OF THE DAY
4%
The euro’s drop against the dollar over the last two weeks, rekindling an old debate: Will the common currency reach parity with the dollar?
QUOTE OF THE DAY
It’s ironic that with DolarToday in Alabama, I do more damage to the government than I did as a military man in Venezuela.
Gustavo Díaz, a Home Depot employee in central Alabama, on being president of one of Venezuela’s most popular and insurgent websites, DolarToday.com, which provides a benchmark exchange rate used by his compatriots to buy and sell black-market dollars.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on advertisers grappling with the election results? 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 U.S. Federal Reserve Chairwoman Janet Yellen’s recent testimony to Congress, Karin Bonding of Virginia wrote: “She says the same thing every time she’s on Capitol Hill. In December 2015 after 7 years, we finally got 0.25% increase in the federal-funds rate, with the expectation voiced by the Fed that 2016 would see four rate increases. We have seen zero. Why should we believe her this time, although some economic indicators have changed? She’s in an impossible situation.” Jay Davidson of Colorado commented: “GDP growth hasn’t exceeded 2% for eight years; that is not robust, it is moribund. The Federal Reserve would better serve our economy if it stayed out of the headlines. Congress can better stimulate economic growth via the private sector by enacting rational fiscal policy.” And Rich Irwin of Ohio said: “If Ms. Yellen thinks the economy can handle an interest rate hike, then let’s find out.”

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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