[5 books this morning]Carefully selected news you want to read at the beginning of work – Bloomberg

Following the massive earthquake that occurred in Turkey, the advance party of the Japanese rescue team departed. In addition to the rescue of sailors in the Ertuğrul shipwreck in 1890 and the rescue of Japanese nationals in the Iran-Iraq War in 1985, Turkey and Japan have dispatched rescue teams to each other in the event of major earthquakes. This time too, the spirit of “When in trouble, help each other” continues. Here are five news items to keep in mind as you start your day.

big earthquake

A series of large earthquakes hit southern Turkey on the 6th, combined in Turkey and SyriaAbout 2500 peopledied, forcing the suspension of crude shipments to Turkey’s main oil shipping ports. Rescue workers are rushing to rescue many people stranded in apartment complexes, the Turkish government said. As the snow intensifies at night, many people are enduring the cold without gas or electricity for heating. At the request of Turkey, the Japanese government decided to dispatch a Japan Disaster Relief Team and rescue team. According to Kyodo News, the advance party departed at midnight on the 6th.

Blocking aluminum imports

US this weekPreparations are underway to impose a 200% tariff on Russian aluminum. A person familiar with the matter said. The proposal had been under consideration for several months. It is also because Russia sells aluminum to the U.S. market at unreasonably cheap prices, hurting U.S. companies, the people added. President Biden has yet to formally approve it. Some in his administration are concerned about the damage to U.S. industries such as aerospace, he said.

no recession

US Treasury Secretary Janet Yellen said on Monday that there is no recession when there are half a million jobs and the unemployment rate is at its lowest level in almost 50 years. “We envision a trajectory in which inflation will be significantly lower and the economy will remain strong,” he said. He called the consumer price index (CPI), which slowed to 6.5% in December from a year earlier, “still too high,” and said bringing it down was a top priority for President Biden.

End of this year’s rise

Mr. David J. Costin et al.The S&P 500 index, which has risen about 8% since the beginning of the year, is at a level that correctly reflects better-than-expected economic growth and lower bond yields, strategists at Goldman Sachs Group Inc. said in a note. At the same time, high valuations, poor corporate earnings and high interest rates mean there is little upside from here. The three-month target for the S&P 500 was raised to 4,000 from 3,600, but it’s still 3% lower than Thursday’s close. He left the target of 4,000 by the end of 2023 unchanged, suggesting that it will not be higher than now by the end of the year.

flying bike

Airwinds Technologies, a U.S. subsidiary of A.L.I. Technologies (Minato-ku, Tokyo), which handles “flying motorcycles” priced at 77.7 million yen, announced on the 6th that it will be listed on the NASDAQ market.Lost in first trade. The company went public through a merger with Special Purpose Acquisition Company (SPAC) PonoCapital. Airwinds was valued at more than $600 million (about ¥80 billion). However, concerns about the merger with SPAC are spreading in the market, and it seems that this merger has not dispelled the pessimistic view. Airwinds fell 59% from the closing price of Pono shares on Thursday. The trading suspension was invoked twice.