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

The Wall Street Journal
Good morning,
Nuclear Pressure
The Obama administration has launched a concerted effort to allay the fears of allies in the Middle East over the Iran nuclear agreement. The White House is seeking to ease Saudi Arabia’s anxiety over the deal to keep the oil-rich kingdom from trying to match Tehran’s nuclear capabilities. U.S. President Barack Obama also wants to ensure that Israel doesn’t launch a military strike on Iranian nuclear sites. Defense Secretary Ash Carter arrived in Israel yesterday for a two-day visit and will move on to Saudi Arabia later this week to discuss security issues. Critics, meanwhile, say the nuclear deal could allow Tehran to vastly improve its ability to provide conventional weapons to its allies.
Homes Under the Hammer
The U.S. housing market it buoyant again. Bidding wars, a hallmark of last decade’s housing boom, are making a comeback in a number of metro areas across the U.S. In more than one-third of the 300 largest metropolitan areas, homes listed for sale in June had been on the market for a median of less than two months. While the earlier wars reflected enthusiasm fueled by easy-money mortgages, the current froth stems from a market short of homes for sale. “Everyone thought the buyers would take a long time to recover from the downturn. But it’s not just the buyers, it’s the sellers,” noted one economist.
Taxing Times
Hillary Clinton is proposing a revamp of capital-gains taxes. The move is part of a package of measures designed to prod companies into putting more emphasis on long-term growth. She aims to lay out the plan in a speech later this week. Meanwhile, some Republican presidential candidates could be in for sticker shock. Right to Rise, the super PAC supporting Jeb Bush, estimates it will cost nearly $60 million just to run 10 days’ worth of advertising in the first 30 primary states. The figure doesn’t include turning on the lights of campaign offices and filling them with full-time staff.
Technically Clean
How do you de-clutter digitally? Our tech columnist Christopher Mims looks at how Marie Kondo’s international best-selling book, “The Life-Changing Magic of Tidying Up,” might play out in the digital sphere. From clearing out his email to organizing excess files, follow Chris on his path to clean up his iPhone. “Was there a universal route to a noise and junk-free experience on the ever-proliferating family of screens in our lives?” he writes. And amid all the video junk on the Web, a company called Jukin Media sifts through hundreds of amateur clips a day, and secures the rights to the potentially useful ones. It is fast becoming a one-stop shop for TV networks, online publishers and even advertisers.
Terror in Turkey
Developing on WSJ: A Turkish town on the Syrian border was struck by a terrorist attack today, killing at least 27 people in what appears to be the deadliest attack along the strategically important frontier in more than two years. The blast in Suruc injured also 100 people.
TOP STORIES
U.S.

Chattanooga Shooting Suspect Showed Signs of Trouble

Overtime Rules Seen Boosting Low-Wage Hiring
WORLD

Egyptian Army Says It Killed 59 Militants in Sinai Peninsula

For Many Firms, China’s ‘New Normal’ Spells Doom
BUSINESS

Tech World Prepares Obituary for Adobe Flash

Boeing Warns Carriers About Flying Bulk Shipments of Lithium Batteries
MARKETS

Mutual Funds Are Front and Center in Puerto Rico Talks

Sales of Bonds With Floating Rates Sink
TODAY'S VIDEO
Chris Dodd on Namesake Act
That Was Painless
Tuesday is the fifth anniversary of the signing of the Dodd-Frank law, which overhauled banking and financial regulations. In an interview with WSJ, former Sen. Dodd reflects on its short history.
NUMBER OF THE DAY
117,500
The number of part-time workers that retailers would hire as a result of raising the wage threshold to $984 a week, a slightly higher level than the Obama administration proposed for overtime pay eligibility, according to the National Retail Federation.
QUOTE OF THE DAY
He’s in first place...Why would anything change?
Corey Lewandowski, Donald Trump’s campaign manager, on Mr. Trump’s campaign on Sunday. Following the furore over Mr. Trump’s remarks at the weekend about Sen. John McCain.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on Hillary Clinton’s tax proposal? Send your comments, which we may edit before publication, to 10point@wsj.com. Please include your name and location.
—Compiled by Khadeeja Safdar
READER RESPONSE
On Friday’s question about separate living spaces for spouses, Vikas Deshmukh of Texas wrote: “It is a silly solution for an adjustment-challenged couple. Their incompatibilities are commonplace, but the solution reflects the ‘selfie’ generation thinking. These empty nesters’ main problem of the cluttering husband has a better solution in the same issue on page M4, ‘the family home that conquers clutter.’” Don Leeber weighed in from Florida: “There’s more to marriage than sleeping in the same bed, eating different meals together or even entertaining…[M]arriage is a partnership that, at a minimum, assumes an interest and ability to live cooperatively with appropriate compromise. They’ve ‘saved the relationship’ by changing it to something else.” But Jerome Schmid of South Carolina commented: “Marriage is all about working things out. If marriage is ‘hard work’ all the time, you haven’t worked things out yet. Too many people give up and divorce, which is usually painful and leaves permanent scars. These two found a way to work things out which suits them, so God bless them.” And from California, Colleen Richardson had this to say: “GREAT IDEA!!!”
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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