>> whoo-hoo. stuart: he was our 8th president. born in kin der hook, new york, in 1782. >> now we know. stuart: george washington could not have been born in the united states because the united states was not created when he was born. >> that was my clue. a. stuart: bright spark in the control room figured that one out in for me in advance. neil, sir, it is yours. neil: you know, that is how you and i started out we covered the van buren administration. stuart: i knew that was coming. i knew it. neil: i know. it is a layup. it is a layup. i will try to follow the same show. we're looking at sail thing you were, in and out of session lows for the dow jones industrials down 592 points. we just heard about third day peace talks between ukraine and russia. you will not believe some of russia's demands here, to think

ukraine will agree to that we'll get into it, man, oh, man, there are doozies in there, ukraine boils down to this, get the hell out. we'll explore that in a little detail. the bottom line oil prices go, gas prices go the lower stock prices go. of course anything russia related, finance related goes, you're see a big runup in oil, energy related issues. no surprise that continues unait bad. a number of brokerage firms over the weekend said the runup is too much, too fast, take the profits and run. if you heeded that advice you miss continued runup that has a lot of issues running up today. let's get latest where we are when it comes to safe havens because when we look at this money has to find a home somewhere. so some obvious havens. you will see it right away. the bond market, 10-year note fetching 1.75% right now. a little more than couple weeks

ago this was a little over 2%. again on fears of a slow down ingreg the world here, a lot less so right now, that yield do i have, the gap between what you get for money committing it two years to 10 years narrowed substantially. a lot of people look at that that would presage a slowdown around the bend. it is not always a accurate barometer but we're watching it. the inflationary pressure, very, very real. the spillover effect you see when prices run up, you know, sort of dipping into every, every single prominent investment, every food stuff, crude oil, what is happening in wheat. we have wheat at session highs today, highest wheat prices ever have been even inflation adjusted terms. this spillover continues. i might point out we talk about markets that are tanking there is an official bear market going on in france. that means 20% from its highs, in germany and something that takes a look at all of europe, a

good proxy, euro stocks 50 index it is in bear market territory, down 24% from its collective highs. a lot going on. madison alworth following all the latest developments particularly on the inflation front. she joins us from new jersey, not too far from me. madison. reporter: madison, we're in front of a gas station here. we're looking at the oil prices and looking at record high rates. today the national average price of gas sits at $4.06. we're just pennies away from the all-time high. that was hit in the summer of 2008 when we were paying $4.11. aaa telling me we could hit that average tomorrow. all signs are pointing that way. crude oil continues to go up like you mentioned. looking where it sits today, trading above $110 a barrel and with that price as it goes up so does the cost of gas and not only could we hit the 4.11 but

it could go far beyond that. take a listen what aaa had to say. >> crude oil prices for futures, oil delivered 30 days out, processed into gasoline, so the future looks bleak for the price of gasoline retail level at the pump as the price of crude oil goes higher. reporter: right. so we're seeing the high crude oil prices now. we might not even feel the pressure of those prices for some type, really painting a bleak picture for the future. as i mentioned earlier the national average for regular gas, $4.06, up five cents from yesterday, up over 40-cent from just a week ago. right now we're looking at 20 states and d.c., all paying over $4 a gallon of gas. the high prices are not slows people down not jet yet. according to gas buddy demand is up 6% and demand will go up as we near the summer season this is coming at a time when

americans are already dealing with record high inflation. their wallets are hit at the grocery store, at the pump, with energy every witch way. while the white house deliberates and tries to figure out a solution to this problem, americans are looking at paying the highest we have ever paid for gasoline. that should happen in week. neil? neil: all right, madison, thank you, i think, madison, i think. it was a great report but i don't know if news people really wanted to hear. the president of the united states you know in, i guess a zoom call with the leaders of germany and france and britain how to move forward here. now we're hearing that the white house is more inclined to shelf all russian oil coming into this country, not so much europe. peter doocy with more from the white house. peter, what is the latest? reporter: neil, the latest is president biden is in the west wing right now on a secure teleconference with the leaders of germany, france and the uk and we're told that they are consulting about possibly halting russian oil imports.

>> we see the ruble in freefall. we see the economy heading into a deep recession. we, we've already had a major impact but we are looking again as we speak in coordination with allies and partners at this prospect of banning oil imports. reporter: more to the story though as marco rubio tweets the following, america can easily replace putin oil by producing more of our own. instead the biden plan is to beg saudi arabia to produce more, buy more from a narcoterrorist maduro regime in venezuela and cut a deal with the world's leading state sponsor of terror in iran. >> we cannot trade one dictator's oil, putin's oil, for the iranian regime's oil and for the dictatorship in venezuela, maduro's oil. that is a devil's bargain this

administration appears to be about to enter into. reporter: and the press secretary a few days ago was dismissing the impact that halting russian oil might have on the u.s. economy by saying well, it is only 10% of what we get but that is still 10% that has to be replaced somehow. neil? neil: peter. thank you very much for that, peter doocy. let's go to mike tobin i should say. he is in lviv, ukraine. the demands in the latest peace talks, i guess hope springs eternal but they never seem to progress and what promises are made on the humanitarian aid and passageway for folks simply to get out of ukraine they blow up as well. so are folks there optimistic that we're in a third round of such talks now? reporter: no, they're not optimistic and there is not a lot of reason to be optimistic. the delegates from both russia and ukraine are now face-to-face

as we speak. they're in belarus, a small town to the far west of the country near the polish border. as you mentioned they got together two times before. all that came out of the cease-fire negotiations was this deal for the humanitarian cease-fire they tried to implement twice and it fell apart as quickly as it was implemented. when you talk about a comprehensive cease-fire statements from two sides indicate they are very, very far apart. meanwhile one of the townspeople are trying to get out of in terms of having the humanitarian sees fires is mariupol. it has been under siege for a week. there is no food, no power, no water. international red cross said mines were discovered along the route buses were to travel to get people out of the town to safety. meanwhile the flow of refugees continues west here to the town town of lviv. the train station is absolutely

overwhelmed from battle zones all over the country. others talk about the guilt having left their country. others talk about the strain living close to russia. >> that is hard relationship. it is like, like ex-husband, try to run, run and run and run, found you. they never, never will leave us alone. reporter: 1.7 million refugees have fled over the border to safety. most of them are going into poland. over a million people have gone into poland so far. neil? neil: all right, mike tobin, thank you very much, my friend. be safe. my next guest is from the very, very beginning been pleading for more military help. he is fighting the good fight. he is a ukrainian member of parliament. his name is alexi. very good to have you.

obviously the frustration, the tension must be building by the day. you know we're in a third round of peace talks between your country and russia. are you optimistic? >> hello. i don't have reason to be optimistic about these peace talks where we see that the first round were unsuccessful and all the agreements that we reached with the russians, they just meant nothing for them. we tried to save lives of people, thousands of them. and just by humanitarian corridors but something that did not happen because russians shooting. just today i was taking part in a evacuation of people from a town irpin, near kyiv, the capital, yesterday there people who left through the humanitarian corridors, russians just started shelling at them and eight people, aid civilians

died, including two children just in the humanitarian corridor. so i don't have much reason to be optimistic. i believe in our army and more powerful sanctions and military aid that is something which can make a difference. neil: still not going to be anything done about air support as you know. most of the allies, western powers have said essentially that policing the arizona over your country would invite world war iii. what do you, what do you think of that? >> first of all unfortunately that is bad news but i think the world war iii already started. but secondly, we, okay, we're not asking for the boots on the ground. we're not asking for your pilots in our sky but we're asking for aircraft, for air defense. we'll do everything ourselves but please provide us with the weapons needed for this. i can't understand why on

12th day of with such a genocide in our cities, russians are shooting at kindergartens, maternity houses, schools, we have for the moment not received aircraft from the nato countries including just soviet aircraft which are in in some of eastern european countries and they don't need them. something that can help us. at the moment we're waiting and people are suffering and people are killed. neil: how are you holding up, alexey? >> i'm okay. i need to be okay. i just left a shelter in subway, speaking with people and encouraging them. i am working also in checkpoints in the city like a member of civilian guard, civilian militia. so i'm doing my best to encourage people to help them. i'm sure that we will inbut the

question is the price, how many victims and the terms. i we -- certainly and i believe it can be done much quicker and tougher sanctions and more military help will be alexy, be safe. thank you very much. >> thank you for covering. thank you very much. neil: thank you, quite the other way around. alexy was talking about, they want to see much tougher sanctions. the debate over russian oil. the president sort of comparing notes as peter doocy reported with his european counterparts with britain, germany, france. they're not all too keen on banning all russian oil, the president sharing that view last week is apparently of the view let's ban it outright. russia accounts for 7 or 8% of our oil, disproportionately different where it accounts up to 30% of the oil they get over there and about 50% of all the natural gas they get over there

so there is much more on the line for them but the message seems to be that unless something sweeping is done and soon, they're running out of time in the ukraine. dow down 586 points. we'll have more after this. dad, we got this. we got this. we got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this! let's partner for all of it. edward jones

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♪. neil: all right, a third shot at peace talks going on right now in belarus. that is between russian delegation and a ukrainian delegation. we're learning what the russians are demanding and it could be my imagination but i think the list of demands has grown from what it was certainly around two. russia says ukraine must first halt all military activity. in other words they're asking ukraine to halt activity first before russia does so. that ukraine must change its constitution to include neutrality. that it cannot join or even entertain joining the eu or nato. both are verboten. it also cannot and must recognize crimea is a rightful russian territory. russia gained that about eight years ago. official ukraine never recognized that as a legitimate act. also recognizes, this is russia, the independence of the

so-called breakaway regions within ukraine known as donetsk and luhansk. ukraine's demands come down to this, get the hell out. get out. leave us alone. let us be the independent country we want to be and the independent decisions that we make, whether we want to join nato or the eu but first and foremost get out. so that's a wide gap. that could probably trigger still more fighting and maybe a lot more heated and heavy fighting. maybe it is a continued exodus of company the world over we don't want anything to do with russia. all right. we've got lauren simonetti following that. it's a list that keeps getting longer and longer, doesn't it, lauren? lauren: based on russian demands looks like the conflict will get worse before it gets better and certainly not shorter. the decisions by these companies, especially from the

west, call them unprecedented. we haven't seen russian isolation like this since the soviet era. check it out. the list continues to grow. it is not just economic sanctions from the western governments devastating the western economy but western companies, unilaterally deciding on their own not to do business with russia we're calling the great decoupling. latest companies, netflix, you can't watch netflix in russia anymore, visa, mastercard. a big blow since mastercard accounted for 74% of payment transactions in russia in 2020. now you have some russian banks and lenders neil using china's payment system union pay as a workaround. all this list of global brands putting ukrainian lives over profits, we do want to point out not every company is. coca-cola and pepsico facing harsh criticism for continuing their operations in russia.

both beverage giants have around 4% revenue exposure in russia. pepsi also has production plants there. the attention is leading to viral hashtags on social media like boycott coca-cola, boycott pepsi, i will even put boycott mcdonald's in there. we reached out to the companies pepsico and coca-cola but no response as of this report. we're clearly seeing corporates consider the reputational cost of doing business with russia as this conflict is in day 12, neil. neil: lauren, they didn't waste a nanosecond going after georgia over voting legislation there. lauren: yep. neil: not talking about the former soviet republic of georgia. what the heck? lauren: that congressman issa tweeted about, coca-cola was very quick, okay these voting rights laws are not something we can support but they support putin's invasion of in a sense

ukraine, right, what they're doing to women and children there? there is some hypocrisy here, neil, absolutely. neil: to put it mildly. lauren, thank you very much for that. jonas max ferris, love having jonas on. help me with this. they're throwing everything at vladmir putin to try to get him to cease and desist and he doesn't. maybe he telegraphed all of this. maybe he was preparing for years for this. i heard those reports but he isn't blinking. he is not relinquishing. why is that? is he getting access to money or opportunities that we're not aware of? >> i don't know about not aware of the russian government has been in a very strong financial position obviously now with the currency collapse cutting off from the world it is declining but they were more prepared so to say for financial impact than probably ever before. they have had multiple financial -- not like a country, we have a mild crisis and fed

comes in to rescue. there have been multiple collapses in the currency, massive double-digit inflation. when i was there the in late '90s the stock market was down 92%. currency devalued maybe more than today in percentage from ruble 16 to 3. they have been through these problems before and in this particular case besides just massive win fall profits from energy and oil and gas mostly and commodity in general, the company exports high commodities, royalty rates, they didn't spend money on covid as other countries did going broke financing the covid shutdown. the country didn't do that. they hoarded gold, switched out of the u.s. dollar. being cut off from the world will hurt any country but they were most prepared for any country, certainly russia, to handle such thing. nobody knows where the money is.

putin central bank access cut off no access to hundreds of billions stashed there, but there is still money coming in. for all the cancel culture stuff, putin doesn't get money because ticket prices are high on aeroflot or coca-cola. these are minor pieces of the puzzle. the bulk of the revenue it is a oil and gas hedge fund. royalty taxes much higher we charge our companies to produce, export revenue. the government owns large stakes in the state-owned enterprises. that wasn't some communist privatization thing. they started these companies back in the soviet-era. the revenue is hard to comprehend relative to the size of the economy and if that revenue is going in. they will not run out of money. it totally flipped off if everything, movies, makes us feel good but that is not real money to putin. that is hurting russian people we need to watch out because they're not all behind everything that is going on but we're making those people

poorer. those people like america. they always did. they like our exports and our movies. these are great things. we'll not have disney movies, take coke away been there since the late '70s i believe. i think it is the wrong message selling america to russians and it is not going to take money, significant money out of putin's hands. neil: the question is how long putin can go on like this? you're right, he prepared for this and plotted for years but then how long can this continue? you mentioned average russian folks who are still unaware of exactly what is going on in ukraine for the most part but they're very aware of getting a devil of a time trying to get access to their money the bank and not being able to take out that much. they're very aware the effect it is having on their economy and empty store shelves and the rest. they're aware of that, right? >> you know there is different types of russians who live in a

different kind of a world. we like to focus on the oligarchs with the yachts all over the world and offshore cyprus llcs and money. taking their yachts. they will find the money is already diversified and money is not in the rubles with long term drags on economy with capital flight. there are wealthy ordinary russians who travel internationally and buy things from foreign markets, luxury brands and stuff and that spending is hit but there are regular russians that don't live in the international marketplace like everyone does. not ships or cars they can get but most of the stuff they consume is produced in russia. so it is not going to be as much of an impact. we're doing things that could lead to serious impacts, cutting off who knows, medicine products, but the average income in russia when you hear average russian lives on 4 or 5 or $600 a month. they're not buying louis vuitton

bags so it doesn't matter they closed 130 stores in russia. the budget of russia was designed around 45-dollar-barrel of oil. anything above that, if it is hitting the market someplace the money is coming in. they will not run out of money. might have ruble problems. there have been ruble collapses before. if he is selling oil to europe and gas in euros and dollars, they're still allowed to make the payments, paying the army in rubles which is collapsing anything his financial position in that case is stronger. doesn't mean the morale won't be low and people will turn against him, there is a lot of wishful thinking and there is bad intelligence and insight on putin. until a few days ago people thought he was greedy running a kleptocracy with a bunch of friend yet he did something that wiped out essentially all of the value of their companies there. that doesn't make a lot of sense. clearly his main goal wasn't ripping off the russian state-owned companies.

there are other goals this guy has. i don't think we have a good sense in our intelligence community what he wants and until we know what he wants and what he gets it is really hard to say he is going to lose but i think it is wish full thinking russians because we won't give them international visa and mastercard transaction they will somehow buckle and turn on putin. people don't turn on their leaders. i don't know where this example is where where doing that leads, maduro, who left? castro we been talking about him, people turning on him for decades. i don't see that as a history and as tough as the ukrainians are, you know, both leaders first name vladmir, they're very tough in russia too. if you take things away, not like europe and america if the gas price goes up $2 that is unacceptable and we don't want to do anything that causes that. that is not the russian way. in that sense if it's a battle of wills we'll lose that too because no politician, biden

included wants to tell the price of oil and gas has to come down significantly to cut off revenues to this, to putin, not going on his horse trip there or giving them movies. it is a delusion to think we were doing something significantly when we would have to sacrifice ourselves, particularly europe and germany. you've seen that in their stock prices. everyone knows that is ultimately who will pay the real price. stocks have gone to almost zero in russia. it is germany and europe who are really addicted to this energy supply. through a lot of missteps on their own. neil: you're right, jonas. we have to watch it closely. jonas max ferris, thank you very, very much. by what jonas is saying could explain what you're seeing at corner of wall and broad, vladmir putin through craziness, cunning, maybe both is still fighting on even in the face of all these economic sanctions and actions in and out of session lows. dow down 655 points, well into

correction territory here. decline of 10% or more from our highs. not all that far from bear market territory. certainly the nasdaq is in that neck of the woods. the s&p not too far from that. all the major european markets including those in france and germany around the overall eu stock index which represents all of the european union well into bear market territory. a decline of 20% from highs in some cases reached a little more than a few weeks ago. stay with us. stomizes car insure so you only pay for what you need, and we gotta do it fast. [limu emu squawks] woo! thirty-four miles per hour! new personal record, limu! [limu emu squawks] he'll be back.

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getting out what is going on there. there is no way you can miss it. the images, certainly social media people talking about what is going on because they are sharing with the world what is going on there, including my next guest who has become somewhat of an international sensation given her musings. elga is with ukrainian space ceo, a ukrainian blogger for lack of a better term. olga, good to have you, your comments from ukraine have electrified the world. they have served as a reminder that freedom loving folks are alive and well fighting the good fight there, something vladmir putin wanted your comments shut down and access to your comments shut down and he failed to do so, what do you think of that? >> well this is what i can do for my country. i hate to say i didn't start yesterday or week back once the

invasion started. i started my channel in 2014 when the first time russia invaded ukraine. at time there was not much media hype as much or worldwide. since that time i was trying to say russia is stealing our country and our history and so on. my was no so much political but i talk about many things, since the invasion in 2022 i tell the world what is happening because this is what russia tries to prevent everybody to know and i feel this is my mission to talk about that. neil: do you worry that the longer this goes on, and the more frustrated vladmir putin becomes, because you've been so resilient, you as a people, olga, but the flipside ever that is a frustrated vladmir putin could be an even more dangerous putin? do you worry about that?

>> well we all talk about this in ukraine as well so that putin didn't expect such kind of defense from ukraine and i can say that, yeah, i feel this inside of all people become like one person. so we all united so much, everybody is participating to do something for the war. somebody with information on the war like me. somebody physically, old woman is going to prepare something for the front line. they sent money to the army to buy them clothing to buy them all those things and actually our fighters are fighting. my uncle is actually a military person. they said they have huge support from the ukrainian population like never before. yeah, everybody helped them with food, clothing with information, whatever it requires just to make our country free. you can see in the occupied territories which are supplied by russians, people come every day to protest with ukrainian flags, to show they want to be

with ukraine. neil: you know, olga, you and your fellly country men, you're remarkably brave and resilient people that is an understatement but i wonder what everything is like day-to-day for you personally, your colleagues, your fellow country men? going outside for example, trying to get food at a grocery store, trying to get to a bank, what is all of that like? >> yeah. so actually we have two kind of like sides now because kyiv which is under bombing and shelling. i have relatives in kharkiv for example, those people are literally staying all the time in the bomb shelters. once they see it is relatively safe, they go to buy food and they return back to the shelters. so those people are under. [inaudible] under continuous bombing they

don't have electricity, water, they're is a humanitarian catastrophe. but other parts like in ukraine, i have another relative, it is relatively fine. so people are going to restaurants, to buy groceries it is all fine. we don't have physical shooting in those areas. but you morally feel something will happen. people are checking you. they do something for the army. they help the army for -- all ukraine you cannot feel safe and not in any part of ukraine nowadays. neil: olga, you're remarkable but i'm sure you're tired of hearing that. you just want this over but thank you very much. ukrainian blogger whose words, statements, comments what is going on in her country in real time have been followed and picked up by the world, accessed by the tens of millions. we'll take a quick break here. also update you on those peace

talks, some of these russian demands that ukrainians are throwing up their arms saying not happening, not happening vlad. leaving that aside just an update on these markets with the dow at session lows, down 670 points. our charlie brady keeps track of this, the dow is in and out of correction territory, fall of 10% more from its highs. by comparison the s&p 500 is down 12%. well into correction territory. the nasdaq about a percent and a 1/2 or so from a 20% decline which of course would be a bear market. we'll have more after this. you can't buy love. happiness. or confidence. but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. ♪ ♪ this isn't just freight. these aren't just shipments. they're promises. promises of all shapes and sizes.

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♪. neil: you know it is one thing for more republicans demanding more oil production in this country but quite another when mr. electric vehicle himself, the pioneer of that clean energy movement, yeah, i'm talking about elon musk is saying we should do the exact same thing. gerri willis on that. i think i see pigs flying but what is going on here? reporter: exactly right, neil. you couldn't predict this. count elon musk the world's biggest ev producer a big supporter of oil at least for now. the ceo tweeting this, hate to

say it but we need to increase oil and gas out put immediately. extraordinary times demand extraordinary measures. this would obviously affect tesla but sustainable energy solutions cannot react instantaneously to make up for oil and russia gas exports. musk says europe should restart the europe nuclear pewer dormant out put. calling it a national security. tesla is down with just about everything else. oil prices are spiking although off highs. brent crude the international benchmark for oil as you can see here is up almost 4%. west texas intermediate is also higher. prices have climbed to level not seen before the 2008 financial crisis. futures over the weekend, price was 140 bucks a barrel. that was a shocker. beyond musk the other sign that shock in prices is considering a rethink. american delegation traveling to

caracas for face-to-face delegations seeking to ease oil sanctions on that country, to allow crude into the international market. the regime holds six citgo employees and three former u.s. servicemembers. the white house is in active discussions on active ban on russian oil imports but doing so would likely raise inflation which you know, neil, is already at 40-year highs. one solution to the crisis the administration is not talking about at this point, more drilling right here in the u.s. of a. neil, back to you. neil: but they are talking to venezuela and they are talking to iran. so it is weird to your point. gerri, thank you very, very much. gerri willis. north dakota governor doug is urging the administration state some time what he deemed anti-energy front. it is playing out in spades, governor, right now we're talking to the venezuelans. we're trying to get a deal going

with iran, a nuclear agreement that will include getting oil from them everyone but ourselves. what do you think of that ? >> well, neil, it's shocking actually because we have the ability in the united states to completely fulfill all of the russian oil imports that are coming into the united states with domestic production. north dakota alone, we're operating at 400,000-barrels a day below what we were prior to the pandemic. that can easily be turned back on again by u.s. energy companies. if you care about the environment you should want every barrel of oil produced in the united states versus elsewhere. the idea that we're talking to authoritarian regimes like venezuela and iran to try to increase production and that same administration has not and is not talking to american oil executives? it's absolutely absurd. like this administration does not understand that energy policy and u.s. national security are completely

intertwined and cannot be separated. neil: you know when i had administration officials on, governor, their argument is, for example, going back to keystone, it was a blip. there was no oil there anyway. it would have been a small fraction down the road. when i reminded some of these energy officials that energy and oil, nat-gas trade in the open markets markets anticipate future demand. almost to the moment that president made that move, shut down keystone on his first day in office, oil prices started a rise that continues rather dramatically now given this ukraine war to this day. so do they not know market dynamics here or are they quite aware of market dynamics and discuss looking at alternatives period because in the long run that is what matters to them? >> well, neil, i'm not sure if they're aware or not but seems they're hostage to the far left

environmentalists that have some kind of a fantasy idea that shutting down energy production in the u.s. is good for the global environment. it is not when every barrel of oil is produced more cleanly here. that -- [inaudible] 1000-barrels a day double we're importing from russia. if it wasn't called the keystone pipeline or maybe the canadian pipeline or better the u.s. energy security pipeline that would fit into the simplest thing we should be doing is selling energy to our friends and allies versus buying it from our enemies. sell to our friends and allies versus buying it from our enemies. the biden administration is doing the exact opposite. neil: we'll watch it closely. we had audio hits for it. i apologize for that, governor. doug burgum from north dakota. as regular viewers on my show, we try not to play the political

card on any of this but step back, oil, and stocks trade on open market affected as much by sentiment or view where the market sees something going. not that they're always right but the fear of cut supply, obviously leads to higher prices. and we saw that when the keystone entire project was shelved. it is the notion not the impact is immediate but will cut into supply and hold supply down the road. when you shelf that you also shelf the prospect of lower prices. just the supply and demand against the perception of supply against the perception of demand. we'll try to avoid like heck characterizing this as a democratic move or a republican move. this president's a fool versus that president's a fool. it doesn't do you any good. we figure that facts do so we'll stick to that. that is something that has got us going on the facts as they stand right now, not only for stocks which don't look good, but right now for

cryptocurrencies, depending what you want to pick do look good. maybe a hedge against all of this. grant is back with us, the mid group ceo. big, big advocate of all of this long before it was cool to do so. a wealthy young man as a result of it. grant, let's talk about what is happening on the crypto front. it might be just a price issue. even though bitcoin and ethereum for example, are down today, ethereum tends to be the investment of choice of people. i suspect it is because it's a lot cheaper. i know in this day and age where you can buy fractional amounts i get that, but what is driving ethereum in particular? >> well, like prices there is different -- but accessibility of ethereum. ethereum you can use smart contracts. people use them to purchase non-fungible tokens which is growing drastically. people get bitcoin mixed up, associate it with a u.s. dollar or active currency.

neil: right. >> you can pay back and forth with bitcoin, i will accept bitcoin from anyone at any moment. it is more of reserve currency. new investors and traders, looking at it, almost 40,000 i can't afford that. i will start with ethereum. that might be some of the case when you're talking about ethereum. neil: i'm wondering too whether good news is interpreted as bad news. the good news people realize the benefit of cryptocurrencies in a an environment, traditional currencies say the dollar get walloped? the flipside it invites regulatory response, right? the theory some of those benefiting might be russian oligarchs and putin himself, maybe he built up and his buddies built up this western presence and saying we have to police these guys? >> right, it's a double-edged sword. do you want money to be controlled by an outside source?

is it beneficial if you have stuff like that with russia invading ukraine, we can sanction them and control that but the downside what about the innocent in people in russia don't want to anything to do with the war and their purchasing power has been dropped 30% in a week. same thing for donations everyone is doing towards ukraine. we raised over $20 million in crypto for the ukrainians and what's great about that, that money cannot be hacked, controlled or taken away by the russians and it can protect the ukrainian army, the citizens and all the people. it's a double-edged sword. we have to zoom out. free speech is a beautiful thing. crypto and bitcoin is freedom and gives people the opportunity not to be controlled by an outside source. if they're working hard, their businesses, their hard works and money cannot be taken away by bad decisions by policy-makers

and federal reserve starting conflicts around the world. neil: i see what you mean but that doesn't mean crypto investors are not impervious to the same forces that can rattle stock market, can rattle technology stocks. >> sure. neil: say you do have an avenue to trade around this. it doesn't mean your avenue can get shellacked in value, right? >> absolutely. that comes with everything. we look what happened with the u.s. dollar. shellacked there as well. so we have to look at bitcoin regardless what is going on, what is the outside conflict. if it is true digital gold, it is headed in that direction, it is going to have a store of value. it is something you're hedging your bets and putting five to 10% of your capital as reserve and that is the way we have to look at it. bitcoin is not used to just transact back and forth. that is something maybe like ethereum or some other different currencies can be used this is more after store of value similar to gold that can hedge and protect you against outside

sources, outside governments and different policy-makers. neil: you know, there is some scuttlebutt, grant, in the markets getting ready for this moment, this invasion of ukraine, that vladmir putin had been putting a large investment, russian government, i don't know if you track this sort of thing. is there any truth to that? >> they might have, but bitcoin is not big enough to support russia moving all of their capital into it. think about it, if russia moved $400 billion into bitcoin today, that is almost 50% of its value. it would be way too volatile. it would be hard to exchange. neil: you would see it in the markets, right? you would see it absolutely in the markets? >> instantly. not something last minute he can throw $400 billion into it. if it is 10 years from now, it will be ready for it, a, absolutely. it is too volatile to do it. they didn't get ahead of the

curve to do this. sanctions are working as far as hurting their economy. i think it's a freire stance, it's a double-edged sword, we all know that, but if people are independent from other people controlling their finances and their money that is a power that is a source of freedom and it can protect the everyday man and woman working hard to try to make it in life. so that is the bigger look at this in my opinion and it can be used for bad but you know a knife can be used bad, someone try attack some un, so a surgeon can use it to save someone. depends the way you look at it. neil: all so-called good investments can have bad intentions as well. thank you very much, grant, the mitt group ceo on to this pretty much before anyone. more after this. so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board.

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we got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this! let's partner for all of it. edward jones neil: all the major averages at this hour are losing a lot. the dow, that the p and the nasdaq. we had the dow and correction territory at 10% or more from the highs they did of the s&p, the nasdaq has been correction territory forever, probably just a couple of weeks. it's not that far from bear market declined 20% or more from the highs. so much of europe is already in bear market territory. two thirds of the s&p 500 are in bear market territory. you have to put that into

perspective had it not been for the strength of the chiefs within averages will be a lot worse off than we already are. let's get the reading and what's affecting it. you have inflation, not just for oil. not just with other commodities you hear a great deal about. a lot of things you see affected at the grocery store, wheat, barley, soybeans. what is happening on that front that is uninterrupted and undeterred. lydia hu has more from new jersey. >> we are tracking the prices of corn and wheat and fertilizer. they are expected to drive the cost of food higher in the midst of this conflict. russia is one of the top exporters and fertilizer and the disruption will send prices for fertilizer higher as were already seen record prices over the past year. for some types of fertilizer, prices have doubled over the

past year consequent from the rise of the cost of natural gas. the farmer that new jersey farm paid $17000 to fertilize 300 acres last year. this year he is fertilizing half of the acreage but paying double, $34000. >> more for parts, more for everything so all that stuff adds in especially transported the fertilizer to get here. it cost you more to get here. for us to stay in business so you can add tomatoes we will have to charge more now. >> another factor driving prices around the world. disruption to corn in wheat. russia and ukraine are two of the top five wheat producers and account for 90% of the world corn export in driving prices for the port enterprise of corn up more than 10% since russia's invasion. we is up more than 36% just since the invasion last week.

this farmer said he was going after raises prices by 25 - 30% this year to make up his cost. we seen world food prices are also spiking according to the united nations in february they had a high 24% higher than food prices a year ago around the world. >> it is incredible and it's not stopping. thank you very much. somerset new jersey. i think i know exactly where she is in somerset. a beautiful farming area as well in a metropolitan area. the best of both. the foreign general manager, if farmers are trying to deal with this broadside into cna even though the big bang up and fertilizer prices. right? >> absolutely. within the past two or three weeks we've seen up to 20%

increase in we use a lot of liquid fertilizer. it is on demand as needed. neil: you been dealing with all sorts upright entrance bikes but this is something that picked up steam on his own. what is going on? >> obviously the troubles we are having overseas that has been a big influence. i know our fuel cost. i was talking to the diesel fuel fuel provider. letter until literally in the past seven days diesel has gone up 90 cents a gallon. that is for off road that we use on the farm alone. ninety cents in seven days. neil: it is hard to keep up with that, what do you do? >> we have to adjust and were gonna have to ask for somebody to offset the cost obviously. unfortunately this time right

now everything that we are selling hazard even set a month ago. there's not a lot of room left. we are in a tough situation to be honest with you. neil: hang in there, you illustrate very clearly what is going on the markets are getting ahead of this and sending these prices up in the proverbial back. the aspen pouring general manager. trey's issues deal exactly with what i was talking about earlier about politicizing whether opening or closing the pipeline affects prices. it does. not a single chad and fertilizer has been affected of what's going on. the prospect that it will and shipping cost will carry has had the prices rocketing. the supply has not changed. the supply of russian oil on the market has not changed. it is the prospect that it will. that if we take it off the market is led to these prices marketing.

i know i'm sounding like a broken record but this argument that the closing pipeline does not affect activity or being anti-traditional u.s. production of fossil fuels does not affect activity in the market. what is going on with fertilizer in wheat and soybeans actually illustrates my point better than i can then preaching again and again. it is the prospect of the stuff getting hard to reach the market. it is the prospect of fewer available tons of bushels of wheat. gallons of gasoline. whole portions of liquefied natural gas. that is affecting the price in the open market. some of the most punitive measures against russia have yet to materialize to be formally implemented, the prospect alone is what is sending this i get it again it's a markets deciding this. the markets are deciding this.

and they are yelling right now. let's go to edward lawrence. one of the other factors affecting what the markets are deciding on banning russian oil. a wider base of customers. what is the latest on that. >> looking down at the long term supply and were that will be in the long-term. that's what the market is looking at. the u.s. is finally getting serious about sanctioning the oil that russia has coming into the united states. democrats, republicans and ukrainian president has said they need to stop the action money to selling the oil and natural gas around the globe. anthony blankets concerns that it is on the table and the discussion is happening in nation with allies in the europe. congress and the u.s. will send a clear message per listen to

this. >> i expect bipartisan legislation to be introduced very soon as early as today that would be on the russian imports of energy to america and would suspend trading relations with both russia and belarus. we not to be providing financial support to the russian economy in this war. >> the administration refusing to reverse any energy policies in the u.s. representatives have asked opec. the foundation of defense of democracy released a report of the benefits iran would get if the u.s. signed into i ria nuclear deal it would be money from oil exports to the u.s. >> iran receives sanctions and using for expansion with the aims and the region and terrorism and to attack u.s. troops. it is not a great plan to get the money to do so.

>> representatives of the administration meeting on saturday with the dictator and venezuela. majuro about possibly driving a wedge between a relationship between russia. the oil is on the table and the price of oil hovering where it is, the gasoline is 4 cents from record high from regular gallon of unleaded. neil: going higher as we speak. edward lawrence at the white house. gas buddy.com had a petroleum analysis, how high are we going. it's a gut call. it seems to be conceivable that after hopping over $4 it's not that long before were over $5 a gallon. >> it is gone particularly painful at the pump the last few days and now to give you an update, we are to since away from the all-time record high. we are at $4.8 three minutes ago we continue to go up, where is the top, the most likely

somewhere probably in the mid-$. of course this is constantly changing and evolving that could change for the better or worse as the situation continues to unfold. it is great to see you again. neil: thank you, good to see you. let me get your take on looking at the pricing impact if we get oil from venezuela or iran, politics aside will be away. but beggars cannot be choosers in a world where you choose not to put tap production being that as it may. what would the impact of that be? >> talk about things that were not on my bingo card for 2022. talking to venezuela elon musk acknowledging of more oil. here we are and president biden's miscalculation has cracked down on oil when he entered the white house is biden

him very significantly now read there is not a good way out of this. the only way we deal is to offset russia's production and we've been in talks with iran, who knows if they tried to oversell their position and now potentially venezuela. this is not a great outcome. it just highlights the desperation in the white house to get more oil to bring prices down. but when i revisited the energy policies. i think on the optics is probably too late for that anyway. neil: i think you are right. i am curious what you make of the impact of joe biden pivoting on this en saying i am not ignoring wind, solar and all this other stuff. i am just going all in on everything. there is some progressives who would find that offensive and leave him. but he could always say were dealing not only with them

national emergency but international emergency. if he were to do that. i agree it's extremely unlikely. what would the impact be? >> i think now the president has shown his true colors coming into the white house. that was a gross miscalculation you can convince people that all of a sudden with oil and gas companies and the situation cannot do anything about this because it shows he's against it. the biggest problem that the president has is not having a transition plan. it's terrific what everybody wants to do in 2030, 2040 and 2050 buddy needs to backstop his comments and realize we will need fossil fuels for the foreseeable future. come up with a transition plan and allow these products to flow and say this is what i will do to get us to where we need to go not to say i'm cutting the flow and let's move away from it. neil: i don't know.

it does not look likely. great to see you, gasbuddy.com follows the oil industry impeccably well. but the notion that we are going to see lower energy prices anytime soon is certainly not out there. it is reflected with all the major industries deep into a correction territory. at least one entertaining a knock on a bear market. after this.

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neil: we told you about the companies in the sanctions and government in their punishments. when artists are saying vladimir putin we had enough of this it has to stop, that is when the music stops. quite literally. my next guest the chief conductor kind enough to join us. very good to have you. what is but the reaction that you have gotten to your decision? >> the reaction has been overwhelmingly in support. i am conducting an orchestra and people in the czech republic have moved in 1968 when the soviets invaded the country.

they know what it means. of course not only their but when we see this unfolding tragedy virtual genocide of ukrainian people, how can anyone. neil: would you keep with this policy if the whole ukrainian thing, i hope peacefully and it is all behind us for as long as vladimir putin is in charge of russia, would you continue this? >> continue what? >> essentially speaking out against the government? >> i am not a politician and i do not speak about politics. for me it's an unfolding human tragedy for as long as it

continues i don't see how one can remain silent. i'll tell you something that happens to be true musicians speak for music. this is what i do all my life. in this case i think verbal expression is necessary on my part. is my personal decision because to remain silent in a way means acquiescent to the evil that has been committed. in the end i think all of us need to have good intentions. i just pray it finishes literally now but even now so many lives have been destroyed. neil: you're making a statement of what's going on in ukraine. very brave. but if it were to end tomorrow. with this stop?

>> you were talking about my personal position? >> my personal position is when it stops and even before it stops i make music because what what i'm born to do. right now were performing at the end of berlin, london and the events that are unfolding not because of its own beauty. it is connected to life. as i'm doing it now, will continue to do it for the rest of my life. i just chose to express myself verbally because they wanted persecution.

it is so complicated. i refuse because he cannot remain silent. i think this is a decision to take a stand and to make a choice and not every person can do that. neil: let me ask you this. i don't mean to be obnoxious. if vladimir putin invited you to give a performance in moscow would you go? >> of course not. it is very instant simple no-brainer answer. i guarantee you this will not happen. the only people that he would want are the ones that he would feel would support his activity and i don't.

neil: no matter what goes on in ukraine. however, it ends and he invites you, even then, no? >> i have emigrated from the soviet union in 1975. i was 22 years old. i have absolutely no knowledge of the west. i did not know anyone. i emigrated with $100 in my pocket. when people ask me why did you do that i said i wanted to be free. every time the question comes up which is not very often the answer remains exactly the same. at the time when i left i did not know that the soviets would collapse. i did not know they changed only the country of russia but the euro. i thought when i left the soviet union forever i would never see again.

12 years later i started coming back as a united citizen. i came back and i was very happy to do that. now with the tragedy of ukraine it was clear i had to take a stand realizing that i may never again go to the country. these are just people that i care deeply about. i am comfortable with an eye am prepared. all i know i would never want to give anyone the impression of aligning and those who terrorize the world and would be unspeakable. neil: thank you so much, we learned a lot hearing you.

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neil: we are learning from an advisor to ukraine president zelenskyy that a third round has just concluded. apparently they made some progress they did in detail what progress on the humanitarian corridors that ukraine says the russians violated by essentially bombing them and killing quite a few average residents in the process. the process is getting to be a herculean task. 1.7 million refugees making their way out of the country. connell mcshane and slovakia with how that is going. >> as you say it is such a process.

you speak to these people that have been through so much in places like kharkiv even outside of the capital of irpin. you see a constant flow of people not only committed to poland which is where we were last week a million refugees but the border nations here in slovakia. the border is up around where i'm standing. there has been people walking in you see a couple young women standing here they just drag whatever bags they have with them. it's interesting having a chance to talk and bring these individual stories. what were finding as the fighting rages on. people had to make some really tough calls about when they had to get out of their home. this young woman explains what it took for her to make the decision to leave. >> we realize we should go because bombs are falling every night.

then we came west of ukraine and we stay there for a few days. it's cost a lot because it's not like it's for free it was for money and it costs a lot because we don't have a job. >> they couldn't afford housing but the tents that are set up on the side of the border are making the arrangements and getting families to volunteer and take care of those types of things and slovakia as they were in poland you'd hungry and taking in refugees literally by the millions into their homes for an indefinite period of time. >> connell mcshane, thank you very much. outstanding reporting and slovakia following all of this

following the compassion to people around the world particularly in the region with open arms welcoming them against great financial strife. the former navy seal team. on this whole process and now a third round of talks that have concluded. the russians once again promising to open up the humanitarian passageway for people to get out of the country. but they don't always honor that. what do you think of their commitment in these talks? >> i don't think i would trust the russians very far. it moves control of their forces, how much can they control those corridor being closed in the forces independently and what are their communications to the forces that are supposed to leave the corridor open. i would not trust russia in these talks i would prepare for the worst consequences and maybe you get better.

neil: if you will indulge me. when something looks complicated like the russians in these talks, how do i say i got to talk to david about this. one of them is the russians are demanding more from ukraine hold all military activity first. i find that significantly you the military hero, not me. they want them to cease-and-desist first. they're also saying they want ukraine to change his constitution to include neutrality. did not join the eu and not thinking of joining nato. recognize crimea as russian territory. recognize the breakaway russian republics within the country like don't ask and the the ukrainians are going to greet any of that. >> is powerful with any negotiation. the initial offer.

now to get a rotate around the offer. you would not expect them to offer anything that is reasonable and i think they have a couple of friends that they are working on. the political and economic and military. military you're looking at a lot of these things. you could see this one possible outcome either the night pearl river that splits kyiv in the country becomes a negotiating point and they could leave the western piece of ukraine they will try to find their allies and work and they aligned. you see them making overtures to china, that leads into the economic piece as well. how do we sustain ourselves economically. you see heavy lobbying and propaganda in the west to not shut off the russian oil pdc germany waiver on this and you see in them establish new lines of energy into china as well and

wheat into china. the going on all fronts. this is classic negotiation, set in anchor point and they can rotate off and not. neil: were doing weird things pre-were talking about is way and iran about their oil. it's like was swapped one evil just a another. it is weird. >> it is weird. it's a result of short-term first-order thinking that we do. we need to look at the second and third order effects of what were trying to do. a good example will .7 million refugees going into europe. we should be looking at how that will impact economically. largely women and children so they're not men of women entered working age contributed to the economy. the good people but they will be waiting on the economy and be a big burden. how are we going to counter that

one of the simplest things is a whole energy piece. let's take the energy players, russia, the middle east out of play by pumping our own oil. i have affect second third order that contribute to positive for us. >> trying to elevate critical thinking. to get ahead of something that is right before you. generalizing. it is hard to get critical thinking on a guy who seems to be committing economic and political suicide unless we are missing something. what are we missing? >> the essence of critical thinking is to question assumptions and seek alternatives. what assumptions have we made about vladimir putin. what assumptions have we met about russia. then we can get ahead of his thinking, what is he doing, there are things that we have done the needle has done that instigate pieces. that does not mean this

justifies his response to those but we've gone back in our word that we were in good progress on nato. i instigate some of the pieces. there are other pieces what is he trying to establish russia is dying economically. they have been connections to china. he may be trying to say russia. now we have to understand those pieces in question what assumptions we made. i keep hearing talks about he's insane and he lost his mind, that's a pretty heavy assumption, maybe look at what could be his possible motivation for his perspective and then we can begin an appreciation to counter that. neil: we were ahead of the curve. very good seeing you. dave's book smarter not harder 17 navy seal to elevate critical thinking and prosper business. before all of the stuff in ukraine i also think if we wanted critical strategy to step back and deal with this guy with

vladimir putin it might be wise to rethink our thinking on it in better terms. whatever we are trying ain't working. we will have more after this. ♪♪ it inspires us to go further. ♪♪ it has our back. and goes out of its way to help. ♪♪ when you start with care, you get a different kind of bank. truist. born to care. at adp, we use data-driven insights to design hr solutions to provide flexible pay options and greater workforce visibility today, so you can have more success tomorrow. ♪ one thing leads to another, yeah, yeah ♪ (vo) for me, one of the best things about life is that

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neil: help is on the way to ukraine but time is running fast. the house and the senate have different measures to help ukraine and go after the bad guys pretty seems to be a common theme. hillary vaughn has more from capitol hill. >> this is part of the congress scramble to avoid a government shutdown on friday. in this potential study package would be emergency funding for ukraine $10 billion is what speaker pelosi is aiming for. that was a package that would include humanitarian assistance

and military aid to ukraine. ukrainian president zelenskyy was on a zoom call over the weekend and made a plea for more support, the take away from him that ukraine not only needs more ammo like antiaircraft and antitank weapons but a fleet of fighter jets. he also called for a no-fly zone over the country. something that president biden and many in congress said is not on the table because they think that would be a significant escalation. >> that would put us in direct combat with russia. if you could have a no-fly zone you have to enforce it with aircraft. aircraft will shoot other aircraft. that would be a major escalation. >> president zelenskyy asked for lawmakers for financial penalties with prudent illuminating exemption for russian oil and gas. in sanction 30 in place calling for a ban on russian oil. there is growing bipartisan support for the on capitol hill.

speaker pelosi said the house will vote on a bill that would put a ban on russian oil this week. >> instead of being an exporter of energy we became a consumer of russian oil. this needs to stop i would much rather ramp up american energy production in the united states then provide dollars to russia and president putin to fund the war machine that is killing innocent civilians in ukraine. >> that is were democrats and republicans are split on capitol hill even if there is broad support for bidding russian oil. where does the oil come from and where you make up the difference. president biden is looking overseas to do that from different countries while republicans say we should pull from our oil in the ground in the u.s. one additional major that the house and senate will way this week against russia

would be not only revoking the normal trade status but potentially kicking them out of the wto. two moves that could mean tariffs on russian goods could go way up which will be another hit to them as well. neil: hillary vaughn, thinking to that. the market fallout from all of this. we keep throwing the sanctions and very harsh measures that russia not that is altered his behavior but it is interesting that it will alter rv economic behavior. we will really feel the pinch. what is an investor to do. not by stocks today but they are seeking out havens. what havens look good to you? >> you have to say human tragedy. it's unspeakable. it's having an impact on the market and might be the old saying with elephant stamps. you've seen major moves. those of the moves of the russian stock market. because the markets aren't

interconnected whole you see a lot of money evaporate. you have russia the implosion there, that is impacted the european banks and emerging markets and that is impacting america. a lot of what you're seeing today where the safe havens ironically america is a safe haven. people are talking about currency prices, our dollar is soaring but is not surprising america's most free and capitalist and honest country in the world. despite this uncertainty in the american dollar is the go to safe haven right now. neil: i am wondering you are a great read of the market. sometimes they can overshoot things on the downside and overshoot things on the upside. are they overdoing on the downside? >> first thing when you talk about analyzing the market. more importantly what happens someone's own individual situation. if you're in it for the long term 600 were couple thousand

points on the dow should not make that big difference pre-the fact of the matter markets move over the long-term in the sense that the big moves take time. the commodities move their soaring you mentioned wheat has been up for six days. that was already in place. inflation was already in place. something like this terrible conflict in europe that exacerbates the move. what i'm seeing a lot of falling knives, stocks getting weaker, emerging markers are getting tremendously weaker. sitting on one's hands is in a terrible idea. neil: it was up about 5% don't know where it is now, i think it's over 33. generally indicating a lot of fear out there. are we too fearful? >> i don't think so just yet. it reminds me of history of 1998. russia defaulted rate of the next two months the market fell 15%. this is a move reverberation that could last for period of

time. you never want to bet against america. with the most productive in the average wage in russia $16000. support country to begin with. i'm not betting against america long-term but the ramifications of russian default which isn't too far off. some of the russian stocks closed the markets. but some of them have fallen 99%. i don't think the ramifications or volatility is done yet. neil: jonathan hoenig. great talking to you of where we stand right now. up to jonathan's point, this is so unique what is going on. it isn't. the last time oil flirted with these levels it got as high as $145 a barrel back in 2008. i remember covering that at the time. that is a market watch report today. a marker and play right now. it is also worth noting where oil prices traded a few months

later from $145 to $31 because the run-up of inflation that was feared to forecast collapse the economy and there was other things going on like a meltdown. enough to get to the point that whale was in triple digits was by year end down to $31 a barrel. that was then, look at what happened now, who knows. stay with us. ♪ cool ♪ ♪ breeze from the air ♪ ♪ wind ♪ ♪ blows through my hair ♪ ♪ don't care ♪ ♪ if people see my dancing in my car ♪ ♪ and if it shines or rains oh ♪ ♪ i can't complain ♪

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develop or worsen. serious allergic reactions may occur. watch me. neil: no one has been looking russian troops are on the verge of taking another nuclear plant in ukraine. this one is in zaporizhzhia. it follows what is been administrative possession. they came within 1500 feet of attacking its nuclear reactor last week. with this graham allison a harvard professor nuclear policy expert. if you can help me with this. the russians are controlling the one facility on the verge of controlling another. they come very close of doing

serious damage and attacks that took out a reactor in the case of chernobyl plant. what you make of all of this. >> it is a reminder that the war that is in ukraine. the impacts don't necessarily stay in ukraine. a war zone is not an environment for which nuclear reactors are designed. if in the course of an attack upon one of these facilities has happened last week at the zaporizhzhia plant. or in the current case there should be a rocket attack on the reactor and it caused a meltdown or cooling ponds, you could have a huge release of deadly radioactivity. you and i are old enough to remember that happened in 1986. in much of europe and much of

russia. with radioactive clouds ended up having huge impacts on the local populations. neil: at the time they were targeted strikes. on the first, i don't know about the second line of attacks. they came within 1500 feet of that reactor. i am wondering it doesn't get much closer than that. >> that is too close, in addition you saw with zolfo reactor. they hosted a big fire that was in a training area. immediately adjacent to the reactor. when a war is going on and rockets are being fired they are not always completely accurate and the people who are doing the fighting know that they are in a

firefight. a reactor is not something you would like to have a firefight. either from the rockets and machine guns fired by russians or ukrainians if they should attempt to retake these reactors. the bad news is that is the wrong place to be. the good news the russians seem to be in control of the zapper reactor. the professional technicians who have been operating without reactor in chernobyl where they are working. i don't know what will happen in the current country. i am not seated update. if i were looking for a silverlining. i would say maybe the parties will become more conscious as they've heard the warnings of the consequences they could've cost in the conflict that is going on across ukraine and it's

one little piece of it. neil: you do hope that these are being deliberative targeted. that's a whole other nightmare. thank you very much we would love to have you back and make sense of this. >> i appreciate the way you make a new list of risk factors of helping people take account. i think this is another one of them. >> thank you professor we look forward to having you back, school professor looks at all things nuclear the doubt is down 637 points, brushing to go just not rushing into too much else. more after this new projects means new project managers. you need to hire. i need indeed.

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neil: all right. little progress on day three of peace talks between ukraine and russia. they are going to try again tomorrow, day four. we shall see. here is my buddy, charles payne. hey, charles. charles: neil, thank you very much, my friend. good afternoon, everyone, i'm charles payne this is "making money." breaking right now a shocking surge in crude oil overnight coupled with shocking demands from vladmir putin put stocks as you can see on their heels as slim hopes fade on the resolution in ukraine. the market in my opinion is significantly oversold but it doesn't mean it can't go lower. the most important thing, how do you know when the worst is over? president biden courting a rogues galley of bad actors for oil while refusing to increase production here at home. the result?