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

The Wall Street Journal
Good morning,
Build That Wall
President Trump is set to announce plans to speed construction of his promised wall along the Mexican border, is preparing orders banning U.S. entry for people from countries deemed risky and suspending the U.S. refugee program. Mr. Trump plans to travel today to the Department of Homeland Security, where he said he would present his border-security plans. He will also issue an order punishing so-called sanctuary cities—where law-enforcement officials limit cooperation with federal immigration agencies—and add 5,000 border agents. Meanwhile, top Mexican representatives will meet with senior administration officials to discuss security, migration and economic issues such as the Nafta free-trade pact. Mr. Trump took steps Tuesday to revive two oil pipelines halted by the Obama administration, Keystone XL and Dakota Access—likely the leading edge of an overhaul of his predecessor’s environmental agenda.


Search Scrutiny
Alphabet’s Google faces new scrutiny of its handling of users’ web-browsing, search and email data, as regulators examine policy changes the company made to build more-robust user profiles and better sell advertising. In June, Google asked users to accept a new policy that enables it to combine their browsing data from third-party websites with their Google search and email data. Software giant Oracle said it briefed European antitrust regulators late last year on the changes, in hopes of compounding its rival’s regulatory challenges. U.S. privacy advocates filed a complaint with the FTC about the changes in December. An EU official said regulators were taking Oracle’s claims about the policy change “seriously,” while the FTC said it would carefully consider the privacy groups’ complaint.
Headed for the Exit
A number of mall landlords are walking away from struggling properties, leaving creditors in the lurch and threatening the value of nearby real estate. As online competition batters store owners, some of the largest U.S. landlords are calculating that it is more advantageous to hand properties with darkening outlooks to their lenders than to attempt to restructure debts. Lenders are left with little choice but to unload the distressed properties at fire-sale prices. In the first 11 months of 2016, 314 loans secured by retail property—totaling about $3.5 billion—were liquidated, resulting in a loss of $1.68 billion. The trend recalls the housing crash, when mortgage borrowers stopped making payments and walked away from homes that had lost value.
Gaga for ‘La La Land’
Damien Chazelle’s crowd-pleasing musical “La La Land” solidified its place as this year’s Oscars front-runner, with a record-tying 14 nominations. Counting Mahershala Ali, Denzel Washington, Ruth Negga and Viola Davis among the nominees, this year’s acting-Oscar lineup is the most diverse selected by the Academy of Motion Picture Arts and Sciences in at least a decade. And little more than a year after it launched its original-movies business, Amazon netted a best-picture nomination with its drama “Manchester by the Sea,” also contending in five other categories. Overall, this year’s crop of best-picture nominees appears to be the least commercially successful since the Academy expanded the category to more than five films seven years ago, with not a single blockbuster hit.
Office Humor
That Was Painless
Colleagues who make others laugh are seen as more self-confident, competent and higher in status, according to a series of experiments by researchers at the University of Pennsylvania’s Wharton School and Harvard Business School. But humor in the workplace can be a double-edged sword.

Conservatives Try to Shape Donald Trump’s Budget Priorities

Donald Trump Narrows List of Supreme Court Candidates

Trump Places Tall Order on Trade

China Urges U.S. to Act Cautiously Following Hard-Line Remarks on South China Sea

Trump Looks to Mend Fences With Detroit Car Makers

PepsiCo Gives Its ‘Premium’ Water a Super Bowl Push

Blackstone Wins Fannie’s Backing for Rental-Home Debt

Gary Cohn’s Goldman Exit Tops $100 Million
The number of new housing units the Israeli government, emboldened by signs of support from the Trump administration, approved in the West Bank, the largest expansion in years.
They make those faces, but I just turn around and say ‘I will be through shortly, sweetie. It’s my turn now.’
Gert Watkins, a 67-year-old former banker in Birmingham, Ala., on paying by check at Wal-Mart and Target. Despite the relentless march of credit cards, debit cards and mobile payments, Americans wrote 17.3 billion checks in 2015.
How do you favor paying when in stores? 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 how you think companies should factor criticism from the new president into their business decisions, Janet Reed of Washington wrote: “No one faults business leaders for making decisions that make their companies money. But they should take Mr. Trump seriously and consider what is the best way to serve their stockholders and the country that makes their ingenuity and profits possible. America needs its workers to work.” James J. Hyland of Wisconsin commented: “It is a factor among many factors that go into making business decisions. The board of directors of publicly held companies should always have a keen grasp of which way the wind is blowing in D.C. However, they should never lose sight of the fact that they report to the shareholders, not Washington.” And Stevan Porter of Virginia said: “Companies are caught in somewhat of a Catch-22 here. Ideally criticism from the president should be a minor consideration as compared with other business drivers in formulating decisions. However, recent events seem to show that his criticism has major impact on the markets. Companies therefore are factoring this in more heavily, which in turn gives the president’s criticisms even more weight. They need to be careful how much power they give one man in this regard—the president’s responsibility is running the country; their responsibility is running their businesses.”

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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