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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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• The Storms in California are Relentless
  Storms keep slamming California. President Biden declared an ...
  Storms keep slamming California. President Biden declared an emergency in California yesterday after a slew of winter storms drenched the state, causing at least 12 deaths, widespread power outages, and flooding. The declaration will allow federal agencies to coordinate relief efforts as atmospheric rivers and cyclones keep pummeling the northern part of the state. As of yesterday, about 34 million Californians, or ~10% of the US population, were under a flood watch, according to CNN, and Montecito was ordered to evacuate.
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• Tuesday's Market Outlook
  Markets: Stocks ended the day mostly ...
  Markets: Stocks ended the day mostly flat yesterday, despite spending the morning looking like they were going to keep Friday’s big rally energy going (investors’ enthusiasm waned after two Fed officials made discouraging noises about interest rates). Still, recently hard-hit tech stocks like Tesla and several semiconductor companies started getting scooped up once again, pushing the Nasdaq into positive territory.
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