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• Dow books nearly 200-point gain ahead of inflation data
  U.S. stocks closed higher Tuesday, shaking off earlier weakness...
  U.S. stocks closed higher Tuesday, shaking off earlier weakness to end near the session's high, while extending a modest advance in the first two weeks of 2023. The Dow Jones Industrial Average DJIA, +0.56% gained about 187 points, or 0.6%, ending near 33,705, slightly below the session's high. The S&P 500 index SPX, +0.70% advanced 0.7% and the rate-sensitive Nasdaq Composite Index COMP, +1.01% closed up 1%, according to FactSet. While investors didn't hear much from Federal Reserve Chairman Powell, who was speaking Tuesday from Sweden, on the central bank's next likely policy steps, stock-market bulls hoping for a soft landing for the economy were able to add to modest gains so far in January. Investors will be tuned into a monthly update on inflation on Thursday from the consumer-price index, which in recent months has shown a retreat from a peak annual rate above 9% this summer. Corporate earnings season also kicks off with major banks posting fourth-quarter results starting Friday. The Dow was up 1.7% on the year through Tuesday, while the S&P 500 gained 2.1% and the Nasdaq rose 2.6%.
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• U.S. natgas slides to one-year low as January demand could hit record low
  Volatile U.S. natural gas futures plunged Tuesday to their ...
  Volatile U.S. natural gas futures plunged Tuesday to their lowest in a year, giving back most gains from the previous session, on rising production and forecasts for lower heating demand.
  
  Analysts say natural gas demand could be on track to hit record lows in January if unseasonably warm weather continues.
  

  Nymex natural gas futures (NG1:COM) for February delivery recently traded -8.3% to $3.587/MMBtu, putting the front-month contract on track for its lowest close since December 30, 2021; the contract has surged up or down more than 5% in four of the six trading days so far this year.

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• Russia's main oil product is trading way below the $60 price cap
  Russia's main oil product is now trading way below the G7's...
  Russia's main oil product is now trading way below the G7's $60 price cap, as the heavily sanctioned nation only has a handful of buyers to keep up its crude oil trade.
  
  Urals grade, Russia's largest crude oil export, traded at its Baltic Sea port at just $37.80 a barrel on Friday, according to data from Argus Media.
  
  In addition to lagging below the price cap, that's less than half the price of international benchmark Brent crude, which was trading at about $80 a barrel on Monday.
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• ☕️What Else is Brewing Tuesday Morning
  Georgia routed TCU to win the college football ...
  Georgia routed TCU to win the college football championship. And on the pro side, Damar Hamlin, the Buffalo Bills player who collapsed on-field midgame, was released from a Cincinnati hospital and will continue his recovery at a Buffalo hospital.
  
  Goldman Sachs plans to start laying off 3,200 people tomorrow, a day bankers have dubbed “David’s Demolition Day” after the firm’s CEO. The investment bank faces an expected 46% drop in profits.
  
  John Deere has agreed to allow US farmers to repair their own tractors without using the company’s parts in a victory for the growing “right to repair” movement, which has also targeted Apple.
  
  Virgin Orbit’s satellite launch, which would have made the UK the first European country to get satellites into space from its own soil, ended in failure after its rocket suffered an anomaly that kept it from reaching orbit.
  
  
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• Brazil in Crisis
  Brazil detains 1,500 people after riots. Authorities ...
  Brazil detains 1,500 people after riots. Authorities cracked down yesterday after supporters of Brazil’s former President Jair Bolsonaro, who don’t believe he lost the last election, stormed its Congress, Supreme Court, and presidential palace on Sunday. Meanwhile, the situation is getting awkward for President Biden, as members of his own party are pressuring him to expel Bolsonaro, who’s been in Florida since days before his successor was sworn in. As for Bolsonaro himself, his wife said yesterday he was in the hospital with abdominal pain.
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