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

The Wall Street Journal
Good morning,
The Trump Shake-Up
Donald Trump selected two key figures for his economic team on Wednesday, both of whom could jolt Washington’s approach to trade and regulation. The president-elect announced the creation of a new National Trade Council inside the White House to facilitate industrial policy and named an ardent skeptic of trade with China, economist Navarro, to head it. Later, he tapped billionaire investor Carl Icahn to serve as special adviser on overhauling federal regulations, a job with sweeping implications given Mr. Trump’s campaign promise to remove 90% of federal rules that affect American jobs. The announcements offer clues about how Mr. Trump will attempt to flesh out his distinct economic agenda that fuses traditional GOP principles of lower taxes and regulation with a more populist approach on trade, immigration and manufacturing. Mr. Trump on Wednesday also met with the chief executives of Boeing and Lockheed Martin.


Most Wanted
A Tunisian migrant whom authorities previously investigated for suspected terror ties and tried to deport has become Germany’s most wanted man as the new prime suspect in the capital’s deadly truck attack. The revelation that the asylum seeker had been able to remain in Germany despite efforts to expel him stoked a furor over what many politicians called dangerous gaps in the country’s immigration policy, escalating the political crisis facing Chancellor Angela Merkel’s government. The federal police issued a rare international wanted notice for Anis Amri and offered a $104,000 reward. Officials cautioned that they weren’t certain that Mr. Amri had, in fact, committed the crime and that it was possible someone else had planted his residency permit in the truck. Meanwhile, details emerged about the victims of the attack, while Berlin residents sought to carry on in its aftermath.
The Bank That Likes to Say Yes
Among all the firms touched by the 1MDB scandal, Goldman Sachs holds a unique position for its closeness to the Malaysian state fund now at the heart of global embezzlement probes. Investigators have said 1MDB was used by Malaysian Prime Minister Najib Razak as a political slush fund and by associates of his to buy more than $1 billion of real estate, art and other luxuries. Goldman courted the fund and helped keep the money flowing through bond sales when it ran into roadblocks in its quest to raise cash. Now investigators want to know if Goldman had reason to suspect misuse of the money, and, if so, whether it was obligated to report any concerns to authorities. We report that Tim Leissner, formerly Goldman’s chairman for Southeast Asia, commented to a colleague in early 2013 that he knew 1MDB was operating partly as a political slush fund.
The Big Shot
More than four million shots have been made in the entire history of the NBA. Which one of them was the biggest has always been a matter of debate. Now it’s also a matter of mathematics. Anyone who goes searching for that one shot would be wise to start with the last game of the last season: Game 7 of the 2016 NBA Finals. The Golden State Warriors were one minute away from the greatest basketball season ever. The Cleveland Cavaliers were one minute away from the greatest basketball comeback ever. With 53 seconds left, Kyrie Irving’s clutch shot helped swing the Cavs’ win probability by 32 percentage points. We compare his 3-pointer to other famous shots in NBA history.
Totally Untethered
That Was Painless
Our Personal Technology columnist Geoffrey A. Fowler tested Apple’s long-awaited earbuds versus other truly wireless headphones. He found one resounding winner.

Export-Friendly U.S. Tax Revamp Risks Cool Reception at WTO

Different Medium, Same Playbook in Trump’s Letters to Scotland

China Unveils List of Activities Permitted for Foreign Nonprofits

Indonesian Police Kill Three Thought to Be Linked to Attack Plot

U.S. Car Makers Idle Plants Amid Oversupply Concerns

Bring Back Jobs From China? In Shenzhen, They Aren’t That Worried

Former Official at New York State Pension Fund, Two Brokers Charged in Bribery Scheme

Market’s Fear Gauge Signals Investor Calm
$8 billion
The approximate value of a deal between private-equity firm TPG and Silver Lake to take Avaya private in 2007, despite concerns that its business of installing and managing corporate phone systems appeared vulnerable. We chronicle how the buyout went wrong, as Avaya now weighs a chapter 11 bankruptcy filing.
I don’t think those are challenges that are going to keep young households permanently out of the housing market, but it may keep their homeownership rate near historic lows for likely the indefinite future.
Ralph McLaughlin, chief economist at real estate tracker Trulia, on almost 40% of young Americans living with their parents, siblings or other relatives in 2015, the largest percentage since 1940.
What are your thoughts on the rising percentage of young Americans living with their parents? Send your comments, which we may edit before publication, to Please include your name and location.
—Compiled by Margaret Rawson
Responding to yesterday’s question on David Friedman’s longstanding ties to the Beit El settlement in the West Bank, Sholom Feldman of California wrote: “It is abundantly clear to anyone who has been following the history of the Palestinian-Israeli conflict that whatever methods have been employed over the past 40 years have simply not worked. The heart of the issue is coexistence. The settlements simply represent the Jewish people’s permanence in the region, and are not an obstacle to peace but actually a prerequisite to peace if coexistence is to be a reality.” Ben Richmond of Oregon shared: “Mr. Friedman’s ties to the Beit El settlement are concerning for the future of peace in the Middle East…The rejection of a two-state solution could potentially alienate Arab states who have increasingly found common ground with Israel on deterring Iran and its support for hostile actors.” And Alan Guggenheim of Oregon said: “I suspect sloppy vetting was responsible for Mr. Friedman’s nomination but, regardless, I don’t object since I lost faith in a two-state solution 20 years ago and feel that because Mr. Trump’s nominee has skin in the game, he’s going to actively seek a realistic solution that Palestinians and Israelis can live with.”

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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