desion-making was colored and tainted by financial considerations. and that is just wrong on every level that i can imagine. ♪♪ hello. welcome to "street signs." i'm rosanna lockwood these are the headlines. energy stocks sharply out performing the markets after crude prices are rising to prices not seen since 2008 and now considering a europe ban on russian oil >> the economy heading into a deep recession we already had a major impact. we are looking as we speak in

coordination with allies and partners of banning oil. european markets sink pushing stoxx 600 further into the red as banks and autos bear the brunt of the selloff of the. the russian defense minute ty ministry is opening corridors with u.s. secretary of state blinken set to update this hour. and calls for calm as the conflict escalates telling beijing is willing to provide talks between the sides. >> translator: the situation in ukraine has become what it is for a number of reasons. what is needed to solve complex issues is a cool head and rational mind. not adding fuel to the fire. of course, we have to open the show looking at energy

brent crude surging 7.5%. $127 a barrel. wti also up around 7%. $123 a barrel. an lot across twitter. americans are waking up to high gas prices i mean that in the terms of american gas at the pumps. natural gas prices you have nat gas up 1% busting through records across the board for natural gas contracts. uk wholesale up 38.6%. dutch wholesale up 36.59%. this is all because of the demand structure and issues with the ukraine crisis we were long warned about this let's look at the equities markets. it is selling off in dramatic fashion.

ftse 100 is the only out performer. the heaviness of energy and mining with the spike of commodity prices it is holding up in london which is down 2% compared to the cac is down 4% the ftse mib is down .40%. the move in the markets and what this means for inflation and stagflation and what it means for growth worldwide we had a loss of volatility. let's look at the sectors to give you a breakdown of the picture. oil and gas is the only sectors in the green this morning. up 2% or more. meantime, banks down 6%. exposure to russian lenders. the impact of sanctions playing out. the retail is off. autos as well. all with raw materials and inflation prices

crude prices are surging as talks between the u.s. and european allies over a ban on russian oil. secretary of state blinken discussed this as very active. h hadley is live in dubai. hadley, there is strong legislation state side and iran plays into this as well. >> reporter: no doubt about it, rosanna. good morning in what we know is ukraine has been pushing for russia's energy sector for sanctions since last december how many conversations have i had with the ukrainian foreign minister and he said every russian oil has a drop of ukrainian blood on it. the broader story is one of spare capacity and lack of

11.6 million barrels a day out of the united states and a question of the shale industry to make a dent if we see russian crude wiped off the market jpmorgan chase last week saying if that is going to happen we could see oil prices as high as $186 a barrel by the end of the y year this all goes back to the politics of the situation and the kcapacity who has spare capacity uae and saudi arabia who is on the back foot with energy and politics? the united states. the white house. there is a report suggesting that the white house is now considering a potential trip by the president to saudi arabia in the spring of this year. potentially to sit down with the crown prince the man he refused to call since

he came into office. the question if that is enough to move saudi arabia as the leader of opec to doing anything about the energy crisis. that is ahead of any decision and we hear it could be a go it alone situation for the united states in terms of sanctioning russian energy nancy pelosi is in favor of this this is a bipartisan push. this does get political. republicans are thinking about the midterms and if they continue to push the white house toward sanctions to help them in that election. rosanna. >> hadley, thank you we will go to ukraine for the latest russian defense minister announcing a cease-fire for corridors to open in several cities the corridor has been open for two hours. the kremlin said the routes were set up at the request of french president emmanuel macron.

i'm pleased to say we are joined by molly hunter in ukraine for us a number of days. molly, what is the latest on the humanitarian corridors is there any sense they will be upheld this time >> reporter: rosanna, good morning. as we were speaking, we are getting new information from kyiv the vice minister responded to the russian ministry of defense announcement this morning. we woke up, the russian ministry of defense announced four corridors in the east all going to belarus and russia. the ukraine prime minister said we got a letter from the russian side where they offered to organize a cease-fire. you saw the news about the humanism this is an unacceptable are variant of the corridors

opening. our people will not go to belarus or russia. ukrainians sent a proposal back to the russians, but move the corridors to west ukraine. cease-fires work when there is a neutral party that brokers the cease-fire with the parties. where the two parties agree to all details and time and location and routes and who can go out in the humanitarian aid goes in. two proposed cease-fires for mariupol the rcic was on the ground and they began saturday and sunday morning trying to open the humanitarian corridors and both had failed we will stay on top of this and keep you post onned. if the russian side agrees to these and if we see civilians make their way to safety to west of the country >> molly, we will be back to you

throughout the week. thank you for your report. let's bring in martin who is state secretary of foreign affairs in slovakia. pleased to be speaking to you. slovakia sharing a land border with ukraine we are talking about humanitarian aid and refugees and your security concerns as a country. talk us through it >> good morning from bratislava. >> good morning. checking you can hear me >> yes, everything is fine >> thank you i'll repeat my question of the land border with slovakia and ukraine. talk to us about the major concerns at the moment and what are you doing to help refugees >> okay. the situation at the border is becoming more and more critical. unfortunately, the last 24 hours almost 15,000 people have come

at the three entry points which are open 24 hours. if we want to speak about it, so far, 115,000 people have come the last nine days and almost 100,000 of them are ukrainians the rest were citizens from other countries. we protect our so-called green border with the army forces and we are expecting help from our nato allies coming to eastern slovakia soon. i guess it will be especially germany and slovenians and czechs and people in the eastern slovakia are heavily concerned about the situation as long as they can see and feel what is happening. they are hearing stories from refugees and i hhave to say how

proud i am of our citizens with our volunteers there and showing solidarity with friends and neighbor neighbors. >> i'm picking up on the solidarity we are hearing unity within the eu at this time. talk about how you are collaborating in the eu. >> i came back from france just recently and we had our first council there. i was surprised that there was an absolute unity of 27 countries. when it comes to solidarity, when it comes to ukraine, it comes to sanctions with the russian federation and discussion about the prospective membership of ukraine in the eu. i'm happy the eu is trying its best with humanitarian aid this is not only about the eu, but nato i wanted to thank also the

united kingdom they are trying their best in supporting us as much as it gets also as it comes to the sanctions and humanitarian aid we are grateful for that >> i'm interested you say that the uk is hosting the leaders of the v-4 states they have been invited to downing street to meet with uk prime minister boris johnson at the same time, the uk is being criticized they have not done enough to tackle dirty money in russia for example and not offering enough refugee status for people. what role do you expect the uk to play with the v-4 group >> it is always room to improve. i hope our prime ministers will discuss this topic together with your prime minister. i have to say uk is among the first to inform us about the

prospective problems with ukraine weeks ago. uk was the leading country with the russian sanctions. this is what we appreciate and also they show us how tough sa sanctions could be possible with eu discussions there is room as i said. we are further improve this sanction list whenever there will be a situation in ukraine as terrific as it is now especially how they are fighting with civilians and not able to use the humanitarian corridors this is an unacceptable situation. >> understood. we are monitoring the humanitarian corridors and the

issue of the no-fly zone some say it is escalation, but others say it is imperative to counter russian air force. what is your view on the implementation of the no h-fly zone over ukraine? >> it is complicated we are all afraid that russia will use this opportunity as the one where they will speak of nato and russia fight. we all know this could lead to nuclear catastrophe. hopefully this is not the case let's use all of the other possibilities. i understand ukrainian friends are calling vocally, but we need to understand there are some red lines for us and i'm very much afraid we can't help direct way to offer ukrainian friends with this one. >> absolutely. it is difficult for eu member

states and nato member states to balance the needs of the ukraine people at the moment as well as their security and safety. we will speak about that later this hour. we have the former prime minister of finland as well. i want to talk about how the conflict, but it is shocking for the world. what are your major concerns with what may happen in the coming week? >> first of all, civilians situations is a complicated topic. as long as we are listening to tough stories every day with hundreds of thousands of people coming to slovakia and speaking about the situation in ukraine is very tough for us it is very nearby for us of course, we are all afraid what will happen if there is a seizure. that would be a complicated situation because of the humanitarian crisis, but not only because of the army point

of view. what's the main concern here in eastern flank of the nato is this situation could last for weeks or months. that could be very, very complicated. this first million of ukrainian refugees will beginning and become more critical >> absolutely. finally, so many people when they are seeing the images from ukraine are wondering how they can help i want to ask you that from the government, but also citizen level. how can people best help ukraine right now? >> well w, first wave of refuge ares are coming to poland and hungary and slovakia we were ready for it and if this continues, there will would be a call to allies

and friends to help us this could be one of the first possibilities to help. another one, of course, is humanitarian aid if anything, we can provide to our ukrainian friends with nato and eu, let's do that together and, of course, military supplies if there is any chance to discuss this possibility in uk, we would be grateful >> martin klus, secretary state of ministry of foreign affairs thank you so much. we will cawatch that closely tomorrow more companies withdrawing from russia or limiting business financial service providers american express and visa and paypal all exiting russia. netflix and tiktok and facebook have followed suit

kpmg as we will no longer operate. russia warned future payments on bonds could be affected by sanctions. the finance minuistry says it will pay debts on time, but ham purchased by further sanctions russia is due to make the next interest payment on march 16th failure to pay, could mean the first default in more than a century. still ahead, cathie wood is defending her fund she expects to see spectacular returns over the next five years. we'll have more next

cancer research requires bold and innovative thinking. you may be able to help science uncover the next breakthrough by sharing your patient data and unique experience with researchers. join stand up to cancer and count me in at standuptocancer.org/countmein.

bringing you back with the picture of the oil markets and brent crude and wti is soaring higher today that is impacting equities the stoxx 600 in europe is down heavily. these are the worst performing

sectors. banks with exposure to russian lenders and exposed to the sanctions and ramifications. with the high oil prices, that will impact any industry you have retail down 5%. autos down 4%. this is all due to raw materials and the inflation which is now exacerbated. ark investor cathie wood ceo says she is expecting to see spectacular returns the last five years our colleague dan murphy sat down with cathie wood and asked if it is time to concede. >> we have been in a terrible bear market for innovation hard to understand, but terrible bear market for ininnovation

if you look at the bottom of the kr coronavirus and peak at 2021, we were up because tech solves problems now we're down 60% and we have a whole new set of problems. certainly coming out of russia and ukraine. if you look at our strategy over a five-year period, look at the last five years, i'm not sure what the numbers are, but they are well above our minimum rate of return which is 15% compound annual rate. over three years, we're closer to 25% that helps put our performance into perspective this is a period, if you believe in innovation and that innovation does solve problems, we had a preview of that after the covid crisis when our strategies in the span of the

month, many stocks taken down 75% because either they were burning cash or had low cash cushions those were the genomics companies to get us out of the coronavirus. today we have all kinds of problems latest of which is russian/ukraine and all of the commodities coming out of that area, especially hitting europe. i think we're going to be looking at a lot of demand destruction and substitution into innovation, electric vehicles, as opposed to gas powered vehicles is the biggest one. we also have labor shortages all over the place automation this is innovation at its best it is being turbo charged by this environment as the market is really hitting our stocks i think if you were to look at the next five years and if you were to give us that five-year

investment time, we are the closest to the venture capital fund in the equity markets if you were to give us that five years, given our expectations for growth in the technologies, we will see spectacular returns. >> talk about the valuations the companies you focus on that drove the growth are under perf performing in terms of what could happen next with the valuations, you said innovation is in bargain basement territory what is the catalyst for the turn around with the interest rates coming up in the united states and oil now at $130 a barrel >> i think valuation first we expect our companies to invest aggressively now. sacrificing short-term profitability in order to capitalize on some of the most

amazing exponential growth opportunities of our lifetime. there are five major innovation platforms evolving at the same time never happened before in history. we have to go back to the early 1900s. electricity, telephone and automobile we have five what they're doing is converging we have one s-curve feeding another s-curve. take tesla, we'll use that since we were so patient, and we were right. totally right on that. that is the convergence of three of the major platforms robotics because autonomous vehicles, which is the next big leg of growth for tesla. robots energy storage they will be electric. there is an accelerated shift toward electric given what is

going with oil prices. and artificial intelligence. autonomous vehicles powered by ai so s-curves feeding s-curves incredible growth opportunity. >> whatever views, you have to make cathie wood watchable check out our interview on cnbc.com still to come, russia's invasion of ukraine entering the 11th day with people fleeing the war zone now a shift in public opinion in support of joining the military alliance we will speak to finnish prime minister alexander stubb after this break

welcome back to "street signs. i'm rosanna lockwood these are the headlines. energy stocks sharply out perform the broader markets after crude prices spiked to highs not seen since 2008. secretary of state blinken is

considering an import ban. >> we are seeing a steep recession. we've already had a major impact we are looking as we speak in coordination with allies and partners at the prospect of banning oil. global selloff and the volatility index pushed to the highest level since march of 2020 the sell off is poised to spill over to wall street later today. russia's defense minister said it opened humanitarian corridors after weekend cease-fires failed we will hear from secretary of state blinken shortly. china's foreign minister calls for calm as the conflict escalates and says beijing is willing to conduct cease-fire talks. >> translator: the situation has

become what it is for a number of reasons what is needed is a cool head and rational mind. not adding fuel to the fire which intensifies the situation. russia's defense ministry announced the military cease-fire to humanitarian are corridors in several cities, including kyiv the corridor has been open for 90 minutes the kremlin said the routes were set up at the request of french president emmanuel macron. two of the worst cities were abandoned over the weekend amid russian forces continuing the assault. steve sedgwick is in lithuania for us steve, you are here to monitor the efforts of blinken's assertive move in this >> reporter: we saw blinken in brussels where we were spoking to foreign ministers on friday

he moved to poland and lithuania and latvia he is making headlines as well talking about enormous steps of banning that russian oil from u.s. markets perhaps trying to work in coordination with the european peers. how that would work is remaining to be seen and a lot of questions and we hope in the next press conference we get some of the questions put in to mr. blinken and a few answers there. that is sending oil prices to the highest levels since 2008. the questions of what opec members of saudi and uae and what they will do. will they value the opec plus relationship putting more oil on the market to douse the u.s. and other concerns and mr. blinken speaking to nbc in moldova as well and the russian fighters given to the

ukraine air force. that is part of the deal enormous questions there as well i mentioned that mr. blinken was down at the border of poland he still wants the no-fly zone and saying people of ukraine are paying for the lack of action. the sanctions are working in a material way a bit of lithuania this is one of the three border countries. nato members coming out of the soef soviet influence they have been very strong advocates of the international democratic western institutions. joining eu and nato in 2004 and becoming members of the

eurozone lithuania believes the membership has safeguarded it from some of the russian aspirations on territory fronts. it is a tenuous land link with other nato nations as well i just had a good eveography les well it has a 40-mile gap which it is connected to nato. we know in russian war games, they played with closing that gap up now increasing their spending to 2.5% of gdp which is above the 2% level which many said is necessary to offset the threat from russia. back to you. >> the baltics on edge steve, hope blinken speaks soon. now to the discussion of

finland. both finishland and sweden havea shift in public opinion. the two countries have a partnership with the military alliance, but have so far decided against full membership. in finland, which has more than 1,000 kilometer long land border with russia, support has surged to 48% in the latest poll. that is a 20% increase from january. to continue the conversation, we are joined by alexander s ttubb mr. stubb you have been vocal in the calls to join nato is now the time to do it or is it so sensitive that it is almost better to wait? >> the time is not now basically, you can't be buying a fire insurance when the fire is on what you have to do in the short-term is maximum security

that is what the president has done by visiting washington, d.c. and being in close contact with sweden. you have to be dpeetermined and create a pathway to membership it is impossible to say when it will take place. i do think the train has left the station and we are moving toward a nato membership right now, we do not want to escalate the crisis or the war up here to the northeast part of europe >> let's talk about public sentiment. we mentioned that huge 20% increase in feelings about joining nato within finland. talk about the finnish mind set. i know it is hard to sum up the country. why there is a sudden shift or not support in the past? >> if we take the situation at the moment, i think the shift is based on what i would call rational fear. fai fear of aggressive super power

in the form of russia. fear of the military power this sentiment that we should never been alone again as we were basically in world war ii and winter war after we were able to maintain our independence it is an emotional reaction. you have to understand the reversal is pretty much total. roughly speaking, it used to be 50% against 20% for. now that has changed i predict that as the war is prolonged, day by day, support for finnish nato membership will increase i think it is important for political leadership i think they are doing the right thing right now to maximize security in all ways except taking the final step. we can do that later. >> let's talk about that maximizing security. what about defense spending. how much is that increased by in

finland? how is that huge land border being managed? >> rest assured, we finns took a different turn after the end of the cold war instead of reducing our defense spending, we decided to focus on the independent and strong defense. we kept our figures roughly around 2%. we purchased over 60 f-18s in the early 1990s. we purchased another f-35s our service capabilities are more than many nato states what we decided to do not join nato, but if things go sour, we will be prepared yes, you will see another increase in military spending in finland. don't worry we did our homework. >> lining everything up short of

joining nato at the moment it makes sense you mentioned the air flight capacity speaking to the secretary of minister of foreign affairs of slovakia and talking about a no-fly zone this morning what are your concerns about that or do you think it is necessary to implement one now >> to be honest, i'm the humble profess aor of the european institute in florence. i don't have the latest of what the risks are. i have to basically, as always, trust the secretary-general of nato he said this would be an increase of a risk and escalation so, i can't from the sidelines give a firm analysis of what should be done all i can say is that all of the arms that are now being flown and brought into ukraine are

welcome. the decision of foreign secretary blinken to allow for others to be brought into ukraine as an exchange to poland for f-18s are all the right measures. >> humble professor, but former prime minister of finishland while we have you, i want to talk about eu status as well what are your thoughts on the formal applications made by ukraine and georgia and moldova to join the eu >> things change fast. i guess the first observation is to say enlargement is one of the most important policies. and basically foreign policies of the european union. we see that more than ever right now. it is actually a geo strategic choice instead of the eu thinking the next enlargements are far away, i think there will be a push

toward faster tracks second observation is to say remember the eu advances in crisis we take leaps and bounds in banking unity and the european monetary union when the financial of the euro crisis hit. we did the same thing with covid hitting. this is the security crisis for europe the fact we are sending 450 million euro worth of arms to ukraine and the shift that germany has done in the foreign security policy. we used to talk about a common defense policy now we actually have one enlargement becomes much more important than what it used to be >> alexander stubb former prime minister of finland. really appreciate your views thank you for your time. now still to come here on the show, markets are on high alert with the violence in

ukraine showing little signs of easing we will dive into the market reaction next.

keeps has given me the control of my hair back. seeing the progress was awesome, seeing my hair grow back so quick. i feel great, i feel confident. i feel very happy about my journey so far with keeps and where it's going in the future. get started at keeps.com/tv. xfinity mobile runs on america's most reliable 5g network, but for up to half the price of verizon, so you have more money for more stuff. this phone? fewer groceries. this phone? more groceries! this phone? fewer concert tickets. this phone? more concert tickets. and not just for my shows.

switch to xfinity mobile for half the price of verizon. new and existing customers get amazing value with our everyday pricing. switch today.

bringing you back with the look at europe markets in decline across the board today heavy across the dax down 4% ftse 100 holding up because of the heavyweight to minors. let's give a look at u.s. futures. it could be a negative start dow jones industrial average off 500 points to the down side. nasdaq 250 off s&p down 70 points a long way from the wall street open the negativity in asia and europe could spread. let's bring in the managing director of zor capital. good morning we want to talk about the market impact of all of this. some saying current events could be catastrophic in the near term others say look past that and

stay patient >> my message is to stay defensive and stay patient we're going through the correction down trend or whatever you want to call it i have been bullish since the pandemic lows in 2020 for two reasons. strong technicals with the institutionals coming back into the market and growth stocks the second is the an ccommodati fed. kept interest rates near zero and liquidity with bond buying and bought more treasuries in the secix weeks during the pandemic which was more than in 2009 and 2018. they continued with that bond purchasing of $120 billion purchase month that provided tons of liquidity. i remained bullish until mid-december of 2021 december of last year where i

turned cautious for the opposite two reasons. the technicals were breaking down and institutions were taking money off the table and the fed was removing that an accommodation through talking about raising rates and reducing bond buying and potentially reducing balance sheet now i'm staying defensive with the my level of cash for clients. people are asking me what would it take for you to turn bullish again and confident in a sustained uptrend. would be five things growth stocks. and then change the hawkish stance which will take time for the fed. for the institutions to come back into the market and sentiment to reach bearishness and tensions to ease in russia and ukraine. i'm happy to talk about those

factors. >> let's talk about the last comment. russia and ukraine and the issue on energy. brent crude is $130 a barrel what kind of ramifications are you expecting? >> that's going to have a domino effect on the consumer as the consumer drives 2/3 of the economy. with higher energy and higher food prices, that's going to cause a problem for the consumer what a lot of people have to consider is we were very spoiled since the pandemic lows with the an accommodation a once in a century pandemic i understand providing tons of liquidity that the fed did, but now it is time for a correction. it is part of the market cycles. it takes a lot of acceptance and patience to understand that we're just going through a correction and it could be a bear market. also midterm election years tend to be difficult in the first half of the year

keep in mind, the market is a discounting mechanism. to your point, might start to discount this higher inflation and trade on what is going to happen six-to-nine months from now. we have to be patient until we get through the correction and see signs of the market improving. >> stay patient. i hear you in terms of bullish, one of the macro outlook of things. turning to a better start. cathie wood has talkied to our colleagues this morning. she of course made pro growth and tech comments. she seems to have a longer view than others in market. what are your thoughts >> she has a longer term time frame. some of the stocks will do well over the long run. unfortunately when you look at history, some stocks will not come back. that's where you have to do your work and she does a lot of

strong fundamental work. again, i think the leaders of the past couple years benefitted from the pandemic that had 100 or 200 or 500% gains those will take time to consolidate. some will come back. some will never come back. that's where you have to put in your work and adapt to what the market is giving us. when we come out of the correction, there will be new leaders to emerge and you have to put in your work which shows up strong, but also shows up with strong technicals as well >> joe, you mentioned what you noted through the pandemic i want to ask what you note about volumes of institutional buying as opposed to other buying in the market. >> i pay attention to the daily and weekly institutions. they control the market. hedge funds and mutual funds

they can't hide their hands, so to speak i pay attention to a strong up day or if the volume is strong and that would give me confidence that the i institutin are coming back into the market. we are seeing the opposite last tuesday of last week and friday of last week, we had big down days on heavy volume. showing the institutions are de-leveraging as liquidity is coming out of the system you have to be patient and wait for that change in character i think it could happen in the next three months or so. it will have to do the work every day and keep on top of things >> we are looking at the equities the dax off by more than 4% in germany. u.s. futures were 500 to the down side for the dow jones industrial average how are you positions today? >> i have been defensive with

the high cash position of the the only thick that has been working is keeping positions light. it is important to define if you are a trader or investor i have been keeping things light. the things that are working are commodity and an aluminum and steel. that is what has been working and a lot of defensive sectors i'm a growth manager which is why i'm keeping a high cash position there is nothing wrong were the cyclical and defensive names wor working, but that is telling me the market is defensive. from the growth perspective, i'm not finding too much and i'm waiting for thoses technicals to improve. i don't believe in being invested fully in the markets at all time i believe in being defensive with the corrections >> the defensive for the day ahead. joe fahmy, thank you

let's get a look at the eu european markets we are awaiting the comments from u.s. secretary of state blinken. we have the exposure to the commodities and energy giants within that index there. you are seeing less weight than the cac down by 4% the dax is down more than that in germany heavy down day across the ureure markets. we had basic resources in oil and gas in the green brent crude and wti surging at $130 a barrel for brent. now back to around the 127 mark. this is felt at pumps around the world and impact on companies everywhere including anybody that moves anything around. you see retail off constructions

and materials. anything impacted by input prices banks with a heavy sector. down 5.5% in europe. exposure to russian lenders is a big problem. monitoring the sanctions let's give you a look at oil benchmarks while we're here. brent crude up 6.5%. 125. losing a bit of the steam this morning which is a relief to some out there wti crude holding on $123.50 a barrel we expect our u.s. colleagues to speak about this this morning. a lot of chatter of the cost of the pumps states side. it is causing governments to consider the energy strategy let's get a look at u.s. futures. we have the dow jones industrial average off 500 points the nasdaq off 240 points. s&p is down 69 a negative start still a long way from the wall street open. we had heavy losses in asia this

morning. we had heavy losses in europe and wall street doesn't look to set up much better we are keeping an eye on the stage over in lithuania. steve sedgwick is watching the press conference this morning. we will bring you all of the latest developments from the ukraine war across the nbc through the day. i'm rosanna lockwood that is it for "street signs." "worldwide exchange" is up next. dealdash.com the fair and honest bidding site. this kitchenaid mixer sold for less than $26. this i-pad sold for less than $43. and this playstation 5 sold for less than a dollar. go to dealdash.com right now and see how much you can save.

it's 5:00 a.m. at cnbc here is the top five at 5:00 global equity markets with losses this morning. crude is surging oil hitting the highest since 2008 ukraine fighting into the 12th day as russia steps up on populated city centers as fighting continues, the corporate exodus grows more companies this morning cutting ties with moscow it is not just energy. food prices are also on the rise and likely