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

The Wall Street Journal
Good morning,
Waiting for Janet
Our Federal Reserve reporter Jon Hilsenrath leads our news today with a report that the likelihood that the Fed will raise interest rates in 2015 is diminishing amid fresh signs of lackluster economic activity. The development is a disappointing one for central bank officials who have been hoping to move this year after a prolonged period of easy-money policies. Given weakness in retail sales and inflation data, futures-markets traders see almost no chance of a rate increase this month and a one-in-three probability of a move by the end of the year. Meanwhile, our economics columnist Greg Ip writes that the notion that a period of expansion can last forever is misleading and risky. The Fed has two scheduled policy meetings left this year, in late October and mid-December.
Terror Alert
After weeks of stabbings and other attacks by Palestinians, Israel has begun deploying hundreds of soldiers to protect its citizens. The latest bloody wave of terrorist activity risks sparking a broader conflict in a region already spiraling into chaos. The Iran nuclear deal and last year’s collapse of Middle East peace talks have fueled fresh strains between the U.S. and regional players. Secretary of State John Kerry will travel to the region soon to call for calm and President Barack Obama is scheduled to meet with Israeli Prime Minister Benjamin Netanyahu in Washington on Nov. 9.
Off the Wall
Wal-Mart experienced one of its biggest single-day share-price declines yesterday as executives unveiled dour profit and sales forecasts during a meeting with analysts in New York. The company is in the process of revamping its stores to lure back disaffected shoppers, but the stock has now fallen 30% this year and is on pace for its worst year since 1973. “Raising wages and stepping up investment amid shrinking market share and falling prices hurts,” writes Heard on the Street’s Justin Lahart. This morning, shares in Burberry fell sharply after the British fashion house reported weaker-than-expected first-half revenue as it struggles with lower luxury spending in Asia. Meanwhile, more earnings are on their way. Goldman Sachs plans to report its third-quarter results today before the market opens.
The Sideways Solution
Why don’t planes have enough overhead bin space for all passengers? One solution suggests making bins tall enough so that you can turn bags on their side, like books on a shelf, rather than laying them flat. Boeing’s new Space Bin increases the number of bags a typical plane can carry by nearly 50%. Our Middle Seat columnist Scott McCartney examines the pros and cons of this new idea and finds that it’s virtually impossible to take space from one area of an airplane without giving it up somewhere else. In this case, it’s headroom.
Developing on
President Barack Obama is to announce this morning that he has ordered a significant slowdown in the withdrawal of American troops from Afghanistan, senior administration officials said. The decision marks a major reversal in his war plan and effectively hands the conflict over to his successor.
Israel Heightens Security Amid Violence
That Was Painless
Israel on Wednesday began deploying more soldiers to support police in cities across the country. What’s behind the current wave of violence between Israelis and Palestinians? WSJ’s Jason Bellini has #TheShortAnswer.

Race for Speaker of the House Could Get a Lot More Crowded

Medicare Rates Set to Soar

Russia Says Jet Fighter Approached U.S. Aircraft Over Syria to Identify It

U.S. to Send Drones, Troops to Help Cameroon’s Campaign Against Boko Haram

Theranos Has Struggled With Blood Tests

FBI, Justice Department Investigating Daily Fantasy Sports Business Mode

Weak Pricing, Pulled Deals: IPOs in 2015

Puerto Rico, Treasury in Talks to Restructure Island’s Debt
$1.17 trillion
The value of Treasury bills sold at an interest rate of zero since September 2008 and which grew further this week, with auctions for three-month bills on Tuesday and one-month bills on Wednesday that each carried no yield.
“I simply don’t see how he can be a viable candidate.”
Democratic strategist Jim Manley on Vice President Joe Biden’s potential bid for the White House that after Hillary Clinton’s strong showing at this week’s debate.
Do you think Mr. Biden’s window has closed? Send your comments, which we may edit before publication, to Please include your name and location.
—Compiled by Khadeeja Safdar
On yesterday’s question about the Democratic presidential debate, Richard D. Alexander of Massachusetts commented, “Hillary won, in my opinion, not so much with facts and opinions (though these were relevant and on target) but with displaying herself as a human being with humor, smiles, emotional responses that have been lacking. Also gave me the feeling that she will prevail when it gets down to debates prior to the general election.” And Lee Alcott of New York wrote, “The first 2016 Democratic debate made me proud to be a Democrat. It was substantive, lively, and issue focused. Bernie Sanders showed his passion for his positions and Hillary Clinton showed she’s the best qualified to be the party’s nominee and the President of our still great country. But James Peltier of Virginia said, “I think we really saw how cold and calculated Hillary can be during the debates. You could see total relief when Bernie said we are sick and tired of her emails. The fact is he is right, we are, but she shouldn’t get off that easy for something others would be crucified for. You don’t get a pass Hillary.” And Scott N. Ledbetter of Georgia observed, “Hillary came across as someone who will say and do anything to advance herself, utterly lacking in integrity, having left behind a world in turmoil after her unproductive tenure as Secretary of State, and with a character unfit to occupy high office. The Democrats better ramp up Plan B.”
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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