hiding out in those sectors are actually the worst performers, staples, financials, real estate tech acts pretty good, discretionary acts pretty good and if you're looking for honest value that's not overpriced take a look at the industrial space. those stocks act very very well. once again though buckle up because the last hour of trading could go anywhere but you got the best to take you there, liz claman. liz: as we have seen it has been going anywhere and right now, going south. markets here in the united states tumbling on this last trading day of february, as the fighting between russia and ukraine intensifies. at this hour, ukraine's second largest city kharkiv now the focal point. new sanctions on russia's central bank and its ban from swift that international payment system being spooking investors as oil spikes 4.5% to close near $96 per barrel. russia stock and currency markets in total chaos after the u.s. sent its allies to lunch a financial missile right at the heart of russia's central

bank. russia's moscow exchange thrown offline as the ruble plummets is is that what will stop russia from trying to take kyiv? we'll ask the man known as putin enemy number one, bill browder, the fear and author of "red notice" who once ran the biggest investment fund in russia is joining us live. he went after vladimir putin to expose mass corruption and he knows putin's tricks and is about to tell us what else needs to be sanctioned in order to block putin's escape hatch. and we've got two of the nations top nuclear and cybersecurity experts. one was once america's top general in moscow and the other the ceo of cybersecurity firm z- scaler that stock is popping right now, they are here with a threat analysis, but we begin with breaking news, boeing is shutting down its operations at its moscow training camp and also, temporarily closing its offices in kyiv. this breaking just about 20 minutes ago. the aerospace giant, which is still up about 1%, says it's

closely monitoring the evolving situation, and supports its employees, customers, and suppliers in the region. and we're also getting this , jpmorgan chase ceo jamie dimon telling bloomberg in the last hour that banks are talking to the government so that everyone understands the issues over the sanctions, adding that people are worried about the un intended consequences, jpmorgan chase down about 4.5% with some exposure to russian banks. we begin though with this market alert while the u.s. markets are dropping, the percentage losses here for the dow, down one and one-third percent, the s&p down 1% and for the nasdaq down just half a percent, don't even come close to the train wreck that is the russian stock and currency markets. take a look at the london-listed shares of spare bank. this is russia's largest bank, 800,000 customers in central and eastern europe. shares are freefalling down 68%, and the european central bank is

warning subsidiaries that it could fail due to the sanctions imposed by the u.s. and its allies. the most damaging, the immediate freezing of all russia's for earn currency holdings held overseas has absolutely blown up the train tracks, moscow stock exchange was thrown off line overnight, could not open today but it had already begun to crater last week, ahead of the sanctions. the sanctions to those , effective immediately, and this is the tough one, russia central bank cannot access any of its 630 billion foreign currency war chest, which russian president vladimir putin had begun filling his insurance against the sanctions. anxious russians have faced long lines at atm's as they desperately try to pull their fast weakening rubles out and exchange them for euros and dollars. while russia's financial system is clearly getting hammered putin's invasion is still on the capitol ski of kyiv is surrounded and getting bombarded by missiles.

will anything stop putin? we're joined by bill browder, abdomen exposed corruption by putin and his oligarchs and is known, as we said bill, as putin enemy number one, in your opinion how are the sanctions working so far? >> well, i mean, as you said, spare bank is down 68% the ruble has gone down by 30%, people are standing in line trying to get their money out of atm's. it looks like we've hit him pretty hard. we've given putin a real strong black eye for what he's done, and you know, i font think he anticipated this. i think he thought that we weren't going to be serious about this , but we have been, and we're seeing it right now. liz: it's unbelievable, in october took 69 ruble to buy a dollar, thursday it plummeted to 86, today the ruble has fallen below $0.01. the currency exchange rates are quoting 107 ruble to the u.s. dollar. what is that doing to putin's psychology right now to see this

>> well, putin is a guy who absolutely hates to be humiliated. he's been humiliated in the financial markets by the west, and he's being humiliated in the military situation by ukraine, and i'm sad to say that he's a guy who doesn't view humiliation well, and he's the kind of by when he gets in a situation like this he just escalates, and so i pray for the people of ukraine, because what's going to happen next is he's going to do something really terrible to try to exert his dominance and show that he's not as weak as he's looking right now. liz: i was pretty stunned that in this mass-coordinated move on behalf of central banks, the u.s. , japan, france, italy, the european union, you also had for the first time in a long time that i can remember, switzerland moving away from its usual neutrality now they say oligarchs can't be touching their money and how important is

that? >> it's crucial so basically putin is a very rich man, he doesn't told hi money in his own name, oligarchs trustees and they hold that money in the west and now all of a sudden a lot of that money is frozen. a lot of vladimir putin's money is going to be frozen and you should understand that this guy spent the last 20 years stealing and killing to get all that money and he worked hard to steal all that money and now all of a sudden he can't get that money and i think that will really upset him. liz: we've got u.s. banks with a little bit of exposure. listen what's a billion among friends that citi has 10 billion in exposure, the dock is down same with jpmorgan a little bit of goldman sachs so these are all in the red but you have to look at european banks as well, commerce banks, hsbc, deutsche bank, credit suisse, they are also getting hurt. we're trying not to destroy the entire financial system here by hammering russia. is there a way that we can

further finally stop him and is it simply to attack the heavy duty finances of these oligarchs >> well, i mean, basically, he has torn up the rulebook, the post-war rulebook. he's torn up the united nations rulebook. he's bringing absolute pain and chaos on a neighboring european country and i don't think we can worry about money right now. i think we have to worry about security, because he has to be stopped at whatever cost. we're in a very desperate situation and i think that one of the reasons why we're in this situation is that everybody was so worried about money for the last 20 years that when he did other terrible things like invading georgia, taking crimea, poisoning people in britain, we didn't do anything and we empowered him to like do this terrible thing now, and now we're paying the price because of our narrow concern about money. this is not about money. liz: i would say president trump did slap some pretty serious sanctions on russia after the whole smearing of the poison

on people's faces in london, speaking of which, london has been a haven for a lot of these oligarchs that have bought up so much property there. are you comfortable with the uk 's strength when it comes to, you know, bringing down the size here and really hurting these oligarchs. >> well it's kind of a weird double-edged sword so the uk has been the worst for the last 20 years in terms of looking carefully at the oligarchs. these people came on mass with huge amounts of money because they like the property rights here, they like the rule of law, and they particularly like the fact that the british law enforcement would never do anything to them, and as a result, this became the money laundering capitol of the world here in london, and that's a terrible thing, but the interesting upside is that now that britain is getting serious about the risk to our national security in this country, we have a lot of oligarch money to go after, and

there's a lot of money to freeze here, and i think that this could be britain could be punching way above its weight if they decide to go after these people, and for everything i've heard sounds like they are going to. liz: well roman obramovich owns the chelsea soccer club and i was surprised to see he's leading the talks in belarus, which nothing came of the talks today, the ukrainians and the russians met face to face in the nearby the border belarus area, and i mean, i looked at this and said well the fighting is still going on we've been showing columns of russian military vehicles, going along, but obramovich, is he a key link here? >> well, obramovich, no. first of all there will be no cease-fire negotiations from russia, putin will never back down, putin is not a guy who compromises, agrees, backs down. putin is a guy who wants to conquer and so all these

negotiations are just theatre. liz: he pressed the button. will he press the nuclear button you know him, bill, you've been inside his mind. >> he has the capacity to do almost nothing and he really is the most dangerous man in the world, and that's why we have to do everything possible to stop him. we've got to raise the price of this in every way possible, because this man truly could lead us to the end of the world if he is a terrible terrible man with absolutely no regard for human life and all he cares about is his own survival. liz: he is a trapped animal it peers at least right now, due great part to the sanctions that have been imposed upon him and the central bank there. bill, thank you very much, bill browder, we appreciate it. >> thank you. liz: we do want to look at oil in the aftermarket, it is gushing higher but still about $ 95.62 per barrel up about 4% in the after trading session here.

as investors fear those sanctions are a threat to the global energy supply, because russia, of course is a big supplier of both refined products and crude. take a look though at the vector s russia exchange traded fund. this is the largest russian etf trading here in the u.s. its got names like norr is nickel, rosneft, it is taking a nose dive down 30% right now and then we have another kremlin-focused etf, the i-shares msci russia fund getting hammered here down about 27% on ukraine having of course the distinct disadvantage of being outmanned and outgunned but still, fighting back, and slowing the russians. the sanctions speaking of slowing the russians, are bringing increased volatility to specific individual russian stocks that trade here in the u.s.. we already talked about spare bank but the nasdaq had to halt tech giant yandex, russia's amazon ozone, and then online payment system kewe.

these are russian stocks all down dramatically year-to-date. let's bring in our floor show traders right now counting on investment opportunity but also dangers as russia tears through ukraine. kenny polcari, scott bower, our traders where are the danger zones where you see are the opportunities? >> listen i think the opportunities are in aerospace and defense for sure not only in this country but across europe, as everyone starts to smart en up and germany said it themselves. they are now going to allocate 2 % of the gdp to nothing but defense because this latest drama crisis caused by putin has really caused a lot of people who have not been paying attention as bill just said to start wanting to pay attention, so i think there's massive opportunity now in aerospace and defense. i think there's mass opportunity in cybersecurity, russia names and even chinese names via etf, whatever those are not names i was ever in, not names i be in. there's plenty of other places to put your money so i'd stay away and look what's happening. they are all getting smashed they should all go to zero as far as i'm concerned.

liz: [laughter] scott bauer, we do have people who hold those stocks, so hold off. scott, this actually hits home as you are watching your charts and your stocks urls watching a dear friend in ukraine. i don't know if any of our viewers have, i hope they have because i've tweeted about them, i've gone to see the russian band. they are a cover band for all the chicago songs, and they are all russian except for their lead singer, serg, and you have been talking to him, right and left. what are you hearing from him first because he's a dear friend and we are worried ability him. thank you, liz, yes, he's a dear friend in kyiv, it is devastating and heartbreaking. i'm in touch with him around the clock 24/7. he is in the heart of kyiv and what we see here on tv and what you see throughout media and what you read on the internet is not, you know, exactly what is going on. not to be completely graphic,

but the russian military is in there and they are attacking civilians. they are attacking civilian spaces, and i know it firsthand, from my dear friend, and it's just, it's an atrocity, it really is. liz: well, serg is just an amazing singer. you'd think he was the lead singer in chicago. you guys, go on youtube and look at leonid and friends and you'll be blown away. what's as far as flows are concerned and where you're worried about danger areas but also those chances to get in at less expensive prices. >> sure, so there's a couple of stocks in particular i've been looking at one of them mcdonald's and that has been hit particularly hard on the russian invasion here, and given the exposure that mcdonald's has in russia they have about 500 restaurants which doesn't seem like a lot globally, but it really is, and given what rush has done in the past, especially during the crimea situation, they may go right at mcdonald's

and say all right we're shutting you down right now. i think you're seeing that reflected in the stock but i do think that is an opportunity because in the long run here, 500 restaurants out of their entire international reach is not a lot, so i would jump on this opportunity on the down swing on mcdonald's plus from a technical standpoint it's sitting around the 200 day moving average. on the other side, you look at some fertilizer stocks, mosaic, cf industries and these things are being boosted up big time because we know that russia supplies a lot of this to the world. they are hard to get. it's a supply and demand issue here, and especially in europe here, with prices skyrocketing these companies especially mosaic, cf industries, they probably continued to the upside at least for the short run. liz: well, thank you, both very much, and got speed to ser goes and his family, kenny great to see you too.

>> thank you. liz: airbnb guys rushing to the rescue of more than 100,000 ukrainian citizens displaced by the russian invasion. we are headed straight to the border of poland, our connell mc shane is there to give us the live look at the refugees seeking safe harbor with the closing bell ringing in 44 minutes the "clayman countdown" is coming right back, dow jones industrials not at the lows of the session still down about 488 points, don't move. i may be close to retirement, but i'm as busy as ever. careful now. nice! you got it. and thanks to voya, i'm confident about my future. oh dad, the twins are now... ...vegan. i know, i got 'em some of those plant burgers. - nice! - yeah. voya provides guidance for the right investments and helps me be prepared for unexpected events. they make me feel like i've got it all under control. [crowd] yeah!

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liz: need you to look at this chart. the cost of not russian debt credit default swaps do we have that because i really want to show that. okay, we do not have it. okay let me get to airbnb. airbnb is announcing a mass- mobilization of its global network of hosts to offer free temporary housing for up to 100,000 ukrainian refugees. the company has now confirmed this report that i was able to get pretty early this morning, announcing that ceo brian chesky sent letters to the leaders of poland, romania, hungary and germany offering to

help house temporarily those that crossed into neighbor ing countries fleeing russia's invasion. there are nearly 500,000 ukrainians at this hour who have fled the country since the invasion began, let's get to connell mcshane whose on the ground in pashesh, poland with more on the latest efforts to reset el refugees. connell? connell: some of them will end up, i'd suspect, liz, and we're in a crowded train station just over the border in those airbnb you referenced and some is more grassroots from what we've been hearing church groups and others organizing on facebook saying hey, can you keep somebody in your house? sure they can stay in my basement, stay as long as they can. a new train just came in a few minutes ago this station is very crowded and some of the other people have been here literally for hours, waiting to get picked up or by friends and relatives heading to some other part of poland and europe and you see old and young alike, people with pets, people with babies,

you name it, we've seen it here this train station and the other border crossings we've been at there was a young woman i was talking to a little while ago telling me about her trip, took her days to get in here on the train but she's still thinking about the family members she's left behind in ukraine. here she is. >> my mother don't, my mother is very old, so even if i ask her so much she will not do it. connell: are they safe? >> i'm not sure about this , of course no because my town is not very big, we don't have a lot of bomb shelters. connell: yeah, one of many examples, all kinds of different stories. that's one of them, liz, and there were others and we talked earlier as part of our reporting we saw at the be test pedestrian border crossing young men of military age, many in fact, walking back, live in poland, walking back to ukraine and all joining the fight. they love their country so much,

that even though they had a comfortable life in poland, they couldn't see ukraine go through what it's going through without being part of it so they were joining the fight. you have both sides of it, you have people getting out, hundreds and hundreds of thousands eventually millions, and then you have ukrainians going back in. its been remarkable to see it unfold here for the last couple of days. liz? liz: unbelievable and it has been incredible how the ukrainian people have faced this bloody gammut by vladimir putin and you just articulated brilliantly exactly how much heart they are putting into fighting for their country, connell thank you very much. we do, and i wanted to show you this because it is perhaps one of the best indications that the collapse in confidence in the russian financial markets russian credit default swaps you can see they were bouncing around from july to september, to november, boom. here we are, they have spiked this is the cost of insuring russian debt. sort of like little insurance packages, now cost $1.32 million

per year, four or five years to ensure 10 million of russian debt, so that cost to ensure holdings of russian debt has spiked $120,000 in just a short time. all right, that courtesy of our brilliant charlie brady who runs our managing editor area, stay tuned we are coming right back the dow is even more off its lows of the session still down 378. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire

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similar ban for russian planes has not made a final decision, although canada did. canada has banned russia's main airline and other russian planes from entering canadian air space chevron moving higher on a push toward clean energy, it's quite a push, the oil & gas producer announce announcing it will acquire biodiesel maker renewable energy group for a little over $3 billion and under the terms of the deal chevron will pay $61.50 per renewable energy share, guess what? we're at 61.39 so we're almost there. now that 61 higher number is 40% premium to friday's close, chevron hopes the deal will help it reach its goal of netzero emissions by 2050 chevron is up about one and one-third percent and renewable energy stands up 40%. another merger this monday, canada's td bank announcing it will be mem says bank first

horizon for $13.4 billion the banks largest deal to bank and it will help td expand into the southeast earn part of the u.s. , shares of first horizon are on pace for a 15 year high up 28.5 perspective per while td is down two and one -third percent and lordstown motor getting hammered down 21.5% after the company announced pretty weak production outlook, also widened losses in the fourth quarter. the company says it expects to manufacture and sell just 500 of its endurance electric pickup trucks this year dramatically lower than its initial forecast of 32000 trucks shares of lordstown motor by the way have fallen more than 85 % in the past year. we should take this time to check out tesla, which you know, bucking the trend here, along with neo and the two chinese automakers you've got tesla better by six and one-third percent, neo up 8% same with lee

auto. red alert vladimir putin puts his nuclear forces on high alert as a "deterrence measure" as the cyber war takes on new life. our all-star defense panel here to start out the rhetoric and reality and we'll show you the stocks involved, closing bell we're about 30 minutes away , the dow down 405, s&p down 45, the nasdaq down 61 and we are coming right back. meet a future mom, a first-time mom and a seasoned pro. this mom's one step closer to their new mini-van! yeah, you'll get used to it. this mom's depositing money with tools on-hand. cha ching. and this mom, well, she's setting an appointment here, so her son can get set up there and start his own financial journey. that's because these moms all have chase. smart bankers. convenient tools. one bank with the power of both. chase. make more of what's yours.

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liz: well so much for that the first round of talks that you see on your screen, between russia and ukraine, ended just over two hours ago in belarus with nothing more than an agreement to keep on talking but as russia continues to bash and move toward kyiv, defense stocks are finding the bullseye at this hour, germany announcing it is increasing defense spending so we've got companies like general dynamics, lockheed

martin, northrop grumman gaining ground as vladimir putin puts his nuclear forces into special combat readiness. meanwhile the war in cyber space also heating up as the cyber hack group known as anonymous actually is vowing to take on russia on its own. here to run us through the threats that could find their way from russia to the united states, retired u.s. army brigadier general peter zwack, career military officer who not only served as the top american military member in russia, but also is a nuclear expert and the ceo of cybersecurity company z-scaler, jay chottery. great to have you both. general let me begin with you. how solid do you believe russia 's nuclear arsenal is and would putin use it? >> first question is that the russian nuclear arsenal is fully unleashed, could end the world as we know it so it is very capable, and there is no, if it goes that way, there is no

anti-missile defense enough out there that could stop it, but let me comfort, we are also formidable and that's mutually assured destruction. putin, he's lost his moorings in my mind and he's got a siege mentality increasingly. you can just see the way he sits with his staff and i think he feels walls are beginning, he's overreached. he's almost mesianic in some of his messages and what worked for a while in russia has, they've launched their offensive , they're in trouble, they are going to force most likely in ukraine and all of the ugliness will come but the walls are coming around him, economically and societally,

diplomatically, and ukrainians, the longer they hold out, this is their revenge, harder it gets for him and i think the russians themselves, including those in the kremlin, we've seen the tremors, we see some of the oligarchs beginning to look for ways to jump ship. they're all opportunistic, they're all patriotic but they're all survivors so they are in trouble, but in that, it's extremely dangerous because he still is the primary holder of the nuclear button. liz: he's a trapped animal and he's humiliated, his military have been sloppy and unfocused, and for an out-manned and out- gunned area like ukraine to be pushing as hard as they have that is certainly something that probably gets him in his gut. jay you've got a dictator whose in the throws of a fever dream to bring russia back to the soviet union era but before he uses the nuclear button he would probably try and already has when it comes to ukraine the

cyber attack hack button. what are you seeing at z-scaler and are you able to help your clients anticipate and then put up the teflon walls? >> yes, indeed. it's work in progress, liz. several weeks ago, we start to see an increase activity, the constant activity that are 100-plus resources have been tracking and interestingly in the last one week, we saw 300% increase in what we call brute force attempts trying to, they were coming from eastern europe, likely russia, so there's a lot of stuff going on. my research team has been track ing dozens of actors and we are tracking activity, we are in touch with a large customer, as we see some activities that being directed towards us, sorry , towards customers, we are in touch with them. i have been talking to a number

of cio's for the last week to two weeks. they're all concerned, and they should be, and we are making sure that taking steps, proactive steps, to protect themselves and be very proud of helping them. liz: jay this anonymous group, the hackers who came together and just for the heck of it, attack, tell me about them. are they a help or could they be a danger? you talked about some czech actors don't count out the romaine yankeeses they are unbelievably skilled cyber hackers tell me what you feel about the anonymous group. >> you know, a lot of these actors, it's hard to trust them, they are all on different kinds, there's a group called contien, they come forward and say they are going to attack america so very hard to count on these groups. i no one thing, that we as cyber companies, need to work with our government, need to work with our customers to keep them safe, we are trying to reduce their

attack surface. what's the attack surface of a customer? any application, any firewall, any vpn that's exposed to the internet. they discover you and then they try to attack it and then they try to establish beachhead using zero-trust architecture, we are making sure that applications of our customers are hidden behind zero-trust exchange. the bad guys can't find you, they can't attack you, so i have one focus, trying to keep our customers safe. liz: general, keeping our nation safe, keeping the world safe is going to be extraordinarily challenging as putin becomes more and more isolated. what are the chances you lived in russia, you were the highest- ranking u.s. official in russia when it came to the military. you speak fluent russian. any chance that generals or these oligarchs may somehow ban together and try to overthrow him or will he start to do a purge, which he has done

before, and you know, just to scare everybody from even considering our contemplating something like that. >> i think that patriotic russians, and i'm one truth in lending, that on a core level, fundamentally appreciates the russian people and their culture. i have a lot of russian friends. we're not talking right now, obviously, but no. they are patriotic but they don't want to go this way and they have been, i think the news is really getting out now. russia as many know, yes they try to control but it is riddled with internet and all of that, so i think it's coming out and now, the reports coming back from ukraine of young russian men and women being killed there , and that's going to start impacting on families when the word gets out, so they are,

the regime is in a kettle of its own making, and as i said, at a certain point, i think many, there is a real chance that again, patriotic and loyal russians, to russia, not to putin anymore, may if this continues, go on because if somehow, this doesn't get pulled back, there are very very scary permutations for the russians and if you will, the greater globe, to remind you that sting song, "russians love their children too" back in the 1980s. liz: boy isn't that appropriate right now, general, jay, wonderful to have you. something tells me we will be speaking quite a bit in the coming weeks. the allies swiss sanctions specifically those financial sanctions hammering russia so

hard they couldn't even open their moscow stock exchange this morning could force russia to turn to crypto to prop up its economy. could the move force u.s. regulators to maybe come down harder on the crypto space, and is a blanket ban in the card s? well charlie gasparino is going to attack that issue coming up, closing bell 16 minutes away, we still see some weakness here, but the vix, the volatility or fear index, is up 12% right now , as tensions continue across the financial markets. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq

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right now, crypto prices are starting to find smoother ground at this hour after they swung wildly over the past week on investor concern over russia's war on ukraine. we've got bitcoin now up nearly 3,000 bucks to 41, 779, ethererum is moving higher along with litecoin. the price of bitcoin though had fallen below 35,000 just a few days ago. now clawing its way back above 41,000 but experts say more volatility could be in the cards as u.s. regulators gear up to bring down tough regulations, possibly in response to russia, maybe using crypto to skirt around financial sanctions joining us now is charlie gasparino. charlie: okay so i spent the weekend particularly sunday speaking with ceo-level bank executives, and not just them. people who, i also spoke with some former regulators. i can't use the names they don't want their names to be out there but these are significant people to the man, and they are only men, i'm sorry should have maybe called one woman but i didn't i'm sorry about that. liz: i don't care.

charlie: [laughter] in any event to the man, they said expect more regulation and here is why. okay, we are slowly strangling the russian economy, and their access to the banking system. liz: clearly. charlie: by the way the swift, the inter-bank -- liz: financial system. charlie: it's still not, they haven't banned them yet, and the ban only involves like just certain banks. liz: but they shutdown the central bank and that is everything. charlie: but swift is even bigger because then you can't get money out if you're an oligarch. it's really bad for the russian people and that's where, you know, this will become interesting. so what will the russians do to transact? you know, crypto, obviously, is where they are going. the biggest crypto is bitcoin, the most-used crypto so what we're hearing is i don't think there could be a ban of it. you can't ban this thing. liz: russia banned it. charlie: china has too but it's hard in the u.s. to do that, so many people hold it. i guess you could theoretically

ban it and make sure these crypto wallets can't carry it but it's really hard. i think the more likelihood is massive new regulations on this to cut russia out of the digital coin business and able to have an economy based on digital coin. at least that's what these guys are saying. listen i spoke to one ceo that point plank said they should ban it. if you wanted illegal activity, you'd do it with crypto. that's just the way it works right now, whether it's drugs or whatever, that's where russia is going, if you can block crypto in some way, ban it in some way, for them to get money out of our country, or wherever the oligarchs are transacting, i guess england is a lot of oligarchs in england. liz: i ton. in london. charlie: you have to ban it. the flip side is we spoke with e llie tarrot, my producer spoke with a former regulator

heavily involved in crypto again name not to be used. he said it's held too much, it's held by so many people especially bitcoin, it's hard to ban bitcoin like xrp when they banned, when they essentially banned it by saying it was un registered security we won't get into that story we may later in the week there might be a development on ripple but when they did that that was a smaller universe of people, even though a lot of people hold it, so bitcoin is a much larger universe. it's going to be very difficult to do. it be very, it would destroy a lot of wealth here in the u.s. if they did something like that, if they banned it and then prices went to zero, but people are having these discussions, liz, because crypto is sort of one of the i guess the escape hatches for russia, if you start taking them out of the global financial system. it will go to crypto and a lot of their illegal activities, they pay their hackers probably in crypto, so be prepared. this is coming, something is

going to happen here, it'll be interesting to see how it gets, the treasury announce something? does the eu announce something? liz: while we were speaking the nasdaq turned positive, the dow has paired more of its losses we are seeing a headline that canada intends to halt all imports of crude oil from russia charlie: why is that? liz: maybe it'll stop the russians and then we can move on. we're coming right back don't go away dow is down now just 250. better hearing leads to a better life. and that better life... ...starts at miracle-ear. it all begins with the most innovative technology... ...like the new miracle-earmini™. available exclusively at miracle-ear.

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you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire ♪. liz: okay. so, as we said the nasdaq, owe it is positive once again. in late session action the nasdaq is up 27 points, the s&p down 19, the dow down 230. we're starting to see a comeback here. all three major indices down 3% for the week, actually for the month, lower for the second

month in a row. this is the last trading day of february. this breaking news is coinciding with it, canada, according to prime minister trudeau will supply ukraine with anti-tank weapons, upgraded ammunition. they will also have their armed forces provide airlift support to transport supplies and aid as contribution to nato's efforts, canada will fast track applications for ukrainians to come to that country. they're reconsidering, regulators are looking at russia's today presence on canadian airwaves. russia today is the russian network. canada, this could be key, canada will halt all crude oil imports from russia. will the u.s. follow? we're accepting crude from russia. with 400 billion in assets under management, ross mayfield and tom lyden. ross, it's a fluid market, is it not? how are you absorbing all the

news, dealing with your clients? >> it is a sentiment driven market a piece of information may not be verified to move markets higher or lower more than should be reasonable. we're urging calm. urging a long term focus, focusing on fundamentals right now. it is fluid, a scary time, focusing on fundamental, thinking longer term. more often than neat, owe geopolitical months, even scary ones tend to be more flashes in the pan. liz: tom, we show you the russian etf are getting crushed, some others where are the opportunities you see? >> a couple things, liz. it is all about inflation. it is all about commodities. regardless even prior to the tension that we've seen, if you look at pdbc, which is and invest tore broad-based commodity area, that is something to consider for sure. d/b/a is also about agriculture.

when you look at those type of etfs, liz, regardless of the tension going on we're seeing higher prices across the board and the fed may not be in a situation where they can enact higher rates with all the tension going on. we'll just see higher prices as we go into the end of 22. liz: ukraine is a huge supplier of wheat as is russia, corn, soy, metals. ross, what sectors do you like right now? we know financials have been very volatile along with energy but are those opportunistic for you? >> absolutely. energy, it kind of speaks for itself the way oil prices are going and the upside risk that is still there financials have been volatile. the yield curve is flattening but we still very much like them in a low interest rate environment. loan growth very strong right now. we also like tech. i like it as a growth hedge for the economy. sentiment, valuation is coming to check. i think there is still a ton of

opportunity out there particularly on the weakness. >> ross, tom, what a day. look at this, you guys. we have the dow down just 150 points t had been down 589. [closing bell rings] s&p down just nine. the nasdaq is punching haier by 58 points. markets closed mixed down for second month in a row. continuing fight, russia, ukraine, kudlow will follow it now. ♪ larry: hello, everyone, welcome to "kudlow." i'm larry kudlow. a fifth day of fighting in ukraine. russia continues to advance. i don't know if ukraine is hanging tough as best they can but russia wants to surround kyiv and other major cities. fox news lucas tomlinson is live from keefe, ukraine, with the latest. lucas, what can you tell us. reporter: larry, you're right, ukrainian forces are hanging tough. so far on day five of the russian invasion the