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

The Wall Street Journal
Good morning,
Slow Going
A sharp drop in global trade growth this year is underscoring a disturbing legacy of the financial crisis: Exports and imports of goods are lagging far behind the pace during past expansions, threatening future productivity and living standards. Much of the slowdown comes from the sluggish performance of emerging economies, including China, compared with their brisk growth in prior decades. The shift has prompted economists to wonder whether the prolonged burst of trade-driven globalization is over. Meanwhile, uncertainty about the pace of China’s growth and unsettled global markets have given forecasters pause. Most private economists think the Federal Reserve will keep short-term interest rates near zero this coming week.
Morning Jolt
Stock markets world-wide have tumbled as investors become more anxious about China’s slowdown and its impact on global growth. The rising volatility is proving especially costly for retail investors who typically buy and sell stocks soon after the market opens—often the most perilous time of the trading day. Day traders are also being hit by the sharp movements in commodities’ markets that have followed weaker economy data out of China and global oil oversupply. The declines have dented the profits of giant commodity traders such as Glencore, while causing large losses at fund managers and pushing at least one hedge fund to stop trading commodities.
Hey Big Spender
Sen. Bernie Sanders, whose liberal call to action has propelled his Democratic presidential campaign, is proposing new programs that would amount to the largest peacetime expansion of government in modern U.S. history. In total, he supports at least $18 trillion in new spending over a decade, according to a tally by The Wall Street Journal, a sum that alarms conservatives and gives many Democrats pause. But enacting his program would be difficult, if not impossible, given that Republican control of the House appears secure for the foreseeable future. Meanwhile, President Barack Obama landed in Iowa yesterday in the hope that some of the attention on the 2016 campaigns might spill over on to him and his policy agenda, particularly his education policies.
Meet and Greet
Reading a room is a skill that can be learned, writes our Work & Family columnist Sue Shellenbarger in her column on the smartest way to network at a party. Keep an eye out for nonverbal cues such as how people stand or hold their hands, she notes. People who are genuinely open to new relationships adopt an open stance, shoulders apart and hands at their sides, turning slightly toward newcomers to welcome them, says an expert. And influential people often lead the conversation, but good networkers leave plenty of time to show interest in what others say. Others are attracted initially to a person’s warmth, as conveyed by eye contact, a warm expression and a smile.
TOP STORIES
U.S.

Defiant Kentucky Clerk Says She Won’t Block Same-Sex Marriage Licenses

Firefighters Struggle to Contain Raging California Wildfires
WORLD

Malcolm Turnbull Is Sworn In as Australia’s New Prime Minister

Russian Military Buildup in Syria Concerns U.S. Officials
BUSINESS

Chinese Luxury Shoppers Speak Euro

Oil Patch Braces for Financial Reckoning
MARKETS

Citic Securities Draws Beijing’s Ire After Meltdown

Asian Markets Brace for Fed Decision
TODAY'S VIDEO
Pope Packs His Schedule on First U.S. Visit
That Was Painless
Pope Francis is making his first trip to the U.S. as the pontiff, from Sept. 22 to 27. He will stop in Washington, D.C., New York and Philadelphia. How will he be spending those six days? WSJ’s Jason Bellini has #TheShortAnswer.
NUMBER OF THE DAY
$99 million
The recorded revenue of ORS Service last year, according to its chief executive—up from $33 million in 2007. The Swiss company runs migrant reception centers in Europe and has won contracts over rivals such as the Red Cross and Christian charities by promising to work more efficiently and avoiding taking political stands.
QUOTE OF THE DAY
In a field full of men, she’s actually shown the most muscle.
Kevin Madden, a political strategist who served as an adviser to 2012 GOP nominee Mitt Romney, on Carly Fiorina. She is set to take on Republican heavyweights in today’s presidential primary debate—an opportunity for her to introduce herself to millions of GOP supporters.
TODAY'S QUESTION
What are your thoughts on Mrs. Fiorina’s bid? 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 yesterday’s question about the future of computing, Donald L. Dunn of Nebraska wrote, “Let’s see, a Notebook with a keyboard. What should we call that? Guess we cannot call it a laptop as that term is already used for a device made in another era that is essentially the same, nix the disk drive. I have been using that device, my Samsung, for three years. Packaging continues to be the key.” From Connecticut, Russ Porter wrote, “I’ll geek out a bit: Tablets are another way that reality is emulating Star Trek (Next Generation) as a vision of the future. Everyone walks around with tablets, uses voice commands to control computers and ‘communicators’ (think Siri and mobile phones), and use computer-controlled vehicles. Now when am I getting my transporter?” Brian N. Moore of Delaware commented: “The advent of A.I. technology, such as Google’s driverless car, actually opens doors to the possible displacement of human intellectual capital. Sounds like a great advancement but when something goes awry, and it will someday go awry, who will be held accountable?” And from California, Charlie Kendall had this to say: “With all of the things that we do with our devices the future of computing should begin with a name revision. The word ‘computing’ seems so outdated and understated when you consider all the different ways we utilize our devices to manage our life styles.”
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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