The Short List

• Egypt's stock market takes a hit as protests are called for Friday.  Meanwhile, anti-government protests have also broken out in Yemen.


• Proposed budget cuts for the Department of Defense have Republicans divided.
• DHS is phasing out the color-coded threat level scale later this year.


• A group of rabbis have bought an ad in The Wall Street Journal, asking Rupert Murdoch to censure Roger Ailes and Glenn Beck over the profligacy of Nazi imagery and allusions.


• S&P downgrades Japan.