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

The Wall Street Journal
Greetings from Paris, where I am on the second and final leg of our tour to launch the new global edition of the Journal, now published in broadsheet in more than a dozen cities around the world and available everywhere in digital format.
Eleven Up
Last night’s prime-time presidential debate had the 2016 Republican candidates spar on everything from the Iran deal to immigration, the economy and drugs. Once again Donald Trump was center-stage but this time almost all his rivals had clearly decided to take him on and even as he dished out some memorable one-liners, he took a number of direct hits too. Former Hewlett-Packard head Carly Fiorina displayed a flair for sharp responses, and Florida Sen. Marco Rubio showcased his foreign-policy knowledge, while the other candidates on stage managed to collectively dim the spotlight that has shone so brightly on the Republican front-runner. Earlier, four Republican contenders excluded from the prime-time debate took aim at one another and their absent rivals, eager to make a splash in a noisy and crowded primary field.
Today’s the Day
The U.S. Federal Reserve is poised to disclose its decision on the short-term benchmark interest rate this afternoon. It hasn’t raised rates since June 2006. Wall Street is skeptical that the Fed will do so today, underscoring doubts about the health of the global economy and financial markets. “I wouldn’t do it,” Goldman Sachs Group Chief Executive Lloyd Blankfein told me during an interview yesterday. He pointed out that wage growth has been anemic, a sign of labor-market slack, and inflation quiescent. Here are five things to watch out for when the Fed issues a policy statement and economic projections at 2 p.m. EDT, followed by Chairwoman Janet Yellen’s quarterly news conference at 2:30 p.m. EDT.
What’s the Deal?
A number of mega-deals have been brewing. Just this morning, European cable company Altice confirmed it would buy Cablevision Systems for about $10 billion, a deal that will create the No. 4 cable operator in the U.S. market. Yesterday, Anheuser-Busch InBev launched an effort to take over SABMiller, a bold move that, if successful, would create a brewing giant that would dominate much of the world beer market. Because of the global reach of the two companies, they will likely have to seek antitrust clearance from jurisdictions world-wide, a process that could easily take a year, experts said. Meanwhile, General Motors is expected to reach a criminal settlement with federal prosecutors over its botched ignition switches as early as today.
Fresh Approach
London’s Heathrow Airport, one of the most congested airports in the world, has done the impossible: cut down on flight delays. Our columnist Scott McCartney examines its revolutionary way to get flights on-time—space airplanes on final approach by minutes instead of miles. He notes that the method holds promise of slashing delays at clogged airports around the world. “This is a glimpse into the future,” says a manager for international air-traffic systems at American Airlines. Meanwhile, if you’d rather not travel by plane, you can always opt for an aluminum-skinned travel trailer. Although an investment in recreational vehicles is usually a lost cause, our Rumble Seat columnist Dan Neil indicates that this isn't the case with the retro-chic Road Chief.
TOP STORIES
U.S.

Discord Breaks Out at Carnegie Hall

GOP Tensions Grow Over Planned Parenthood Funding
WORLD

Some Muslim Migrants Find More Than Refuge in Europe’s Churches

Chile Earthquake: Pacific Tsunami Alert Issued as Three Are Confirmed Dead
BUSINESS

Uber Rivals Form International Alliance

Annie’s Inc., Look How You’ve Grown
MARKETS

China Bear James Chanos Roars After Years of Losses

Rate Increases Help Banks First
TODAY'S VIDEO
Brooklyn Culture All the Rage—in Paris
That Was Painless
The Left Bank in Paris is going crazy for a new trend—Brooklyn. High-end fashion store Le Bon Marché has set up its own version of hipster nation, selling products including knitted beanie-caps and beet-flavored bagels. Photo: Sam Schechner/The Wall Street Journal
NUMBER OF THE DAY
10.4%
The share of Americans without health insurance in 2014, the first year in which key provisions of the Affordable Care Act aimed at extending coverage took effect, according to annual Census Bureau figures released yesterday. The uninsured rate in 2013 was 13.3%.
QUOTE OF THE DAY
What’s happening is touching the heart of everybody that has children. Because that is America. When something is wrong they stand and rise up.
The father of 14-year-old Muslim student Ahmed Mohamed, who gained national attention after he was arrested for taking a homemade digital clock to school, referring to the huge response on social media—and an invitation to the White House.
TODAY'S QUESTION
Going back to the top story, what are your thoughts on last night’s presidential debate? 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 thinning forests, Mark Crowley wrote from Montana, “Managing our nation’s forests needs to be a larger priority. By actively managing our forests, we can grow them for wildlife and human populations. Decades ago clear-cutting was the preferred management technique. Currently we seem to be under a hands-off approach. Hopefully we can work together and balance the pendulum in the middle.” Michael Rath, a retired forester, weighed in from Idaho: “The practice of commercial thinning isn't controversial except to people who are ignorant of its benefits. These tend to be those folks who are sometimes called ‘tree huggers’ or more controversially (in foresters’ minds) called environmentalists. The vast majority of foresters are the true environmentalists as they understand the need for forests for human needs as well as for water quality, wildlife, ecosystem balance, air quality, soils, carbon sequestration, recreation and more. The primary cause of forest fires is the inability of Forest Service (USFS) foresters to do their job properly due to the vast number of laws restricting their immediate action.” And Gary D. Patterson, a Carnegie Mellon professor in Pittsburgh, wrote, “One of both the joys and responsibilities of humans is to garden the earth. Good forest management practices have been known for millennia. It is about time the Forest Service stepped up to its tasks.”
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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