biden had whose policy setting him is up. trump forefour years. who did trump have. obama for four years. stuart: that explains it. energy independent. >> which were. stuart: we were, mr. president todd, thanks for joining us for the hour. good stuff. my time is up regrettably. it has been a remarkable show. bang, it is 12 noon, it is yours, neil. neil: thank you, stuart. another thing caught my attention too, i do remember they make a big fuss of the number of oil leases that are out there available to oil companies, people forget we were 40,000 such leases last year. it has been whittled down to about 9,000. not all of those are active or you can go ahead and start them these oil guys are busy doing just that. that misrepresents a little bit what is going on? stuart: neil, i don't think it was 100% honest speech.

that is my opinion. neil: that is a very judicious characterization. stuart: a restrained i would say. i think the president was being economical with the truth, how about that? neil: right slightly overweight and saying you're calorically challenged but on pluto you would be svelte. all how you sell it. all how you sell it. thank you very much, my friend. stuart is right here. what we've got a misrepresentation of the reality. there are facts well there is this. oil prices running up again on the president's move to strip out russian oim for this country. a good part of europe. the uk is going along for a full dance. germany and other countries are not as the president stipulated they need this stuff a lot more than we do. this upward trend is continuing. but a trend we've seen particularly since the president working with the international energy agency has opened up

reserves. remember it was a 60 million-barrel commitment to open up the strategic petroleum reserve in country and globally in other countries but it was sort of seen as a one shot nicotine fix. oil has simply gone up 24% since then. so have gas prices. this is just from around the time we opened up the strategic petroleum reserve. you might say wait a minute that flooded market with more oil. it was hardly flooded. it was seen as just a short-term solution. the reason why talk of expanding energy production the buzz it does among the republicans and the oil industry, that represents a longer term commitment and not just a short-term fix. i want to step back to make folks aware of that. it is not based on the production value of something. based on reaction finding a haven to find stocks are getting hammered. gold up 76 bucks to the ounce. well over $2070 the ounce.

that is where a lot of money is racing right now. the question how long that will continue because the big story here has been what's happening with nickel prices. i have always called nickel the rodney dangerfield of metals. it gets very little respect. but they use it in processed and finished steel. so it shows up in a backward way of the price of the car you buy and steel in it. nickel is part of that process as well. by the way steel prices themselves have been rocketing. nickel is also a key component in the batteries for electric cars and right now it has gotten very, very expensive. we're beginning to understand elon musk, mr. electric vehicle himself, we should open up more typical fossil fuel production because it does hurt his bottom line. it does make the batteries a lot more expensive, and does at least at this juncture, make process of owning a electric car more expensive. i did want to start, not

pounding with you a lot of data, put the numbers in perspective, where money is going where it is avoiding things and what europe will do following the president. i want to get into the whole idea of leases versus production. it sounds a bit gobble gobbledygook and academic. it is important to get the facts right. on this show my opinion doesn't matter, nor should it, i try to rely on the facts call it what it is. we're following very, very closely on ukrainian zelenskyy is addressing the russian parliament. i don't know if they have translations of that. if we can go to that we will. let's take a look. >> translator: the force of our -- until then. the next artillery started

fighting. our -- who we are and -- who are people and who are. on day four we started getting people captive. we have not been torturing them. we remained human even on day four of this terrible war. on day five the terror against us was going on against children, against cities and constant shelling has been taking place around the country including hospitals. and that didn't break us. and that gave us feeling of being true. on day six the russian rockets

fell on -- the place where the nazis killed thousands of people during the second world war and 80 years after the russian hit them for the second time and even churches are getting destroyed by shelling. on day eight we have seen russian tanks hitting the atomic power station and everybody got to understand that this is terror against everyone. on day nine there was meeting of nato congress without the result that we were looking for. yes, we deep filled that.

we deep fill, when it is filled unfortunately the alliances don't work always and the no-fly zone cannot be enforced and on day 10 the ukrainians started protesting. en masse, stopping the armored vehicles with their own hands and on day 11 the children and cities were being hit and hospitals as well with rockets and constant shelling. and on that day we realized ukrainians became heroes. the entire cities children, adults and on day 12 the losses of russian army exceeded 10,000 people killed. and also including the general

and that gave us hope that there will be some kind of responsibility for those people in front of the court. on day 13 in, in the city of mariupol, attacked by the russian force a child was killed. they do not allow any food, any water, and people started panicking. i think everybody can hear that, that people do not have water there over 13 days of this situation. over 50 children have been killed. these are the children that could have lived but these

people have taken them away from us. the united kingdom, ukraine we're not looking to have this -- [inaudible] the ukraine is not looking to become big but they have become big over the days of this war. we are the country that are saving people despite, despite having to fight the, one of the biggest, one of the biggest armies in the world. we have to fight the helicopters, the rockets. the question for us now is to be or not to be. oh, no, this experience question, 15 days this question could have been asked but now i can give you a definitive answer. it is definitely yes to be.

i would like to remind you the world, that the united kingdom already heard which are important again. we will not give up and we will not lose. we will fight until the end, at sea, in the air. we will continue fighting for our land, whatever the cost. we will fight in the forests, in the fields, on the shores, in the streets. i would like to add that we will fight on the banks of different rivers like dneiper. we are looking for your help, for the help of the civilized countries. we are thankful for this help

and we, and i'm very grateful to you, boris. please increase the pressure of sanctions against this country and please recognize this country as a terrorist state and make sure our ukrainian skies are safe. please make sure that you do what needs to be done and what is stipulated by the greatness of your country. best of all to ukraine and to the united kingdom. [applause]

>> thank you, mr. president. on behalf of the house of commons i want -- neil: you've been watching a standing ovation right now for ukrainian president zelenskyy. who says the fight goes on. we do not want to lose our country. then playing off the famous winston churchill which whom he has often been compared of late. we will fight in the sea and in the air. we will continue fighting. it is what we must do. reaction right now from a member of the european parliament, a former defense minister of poland. minister, very good to have you. a little more than a week after president zelenskyy was getting

a standing ovation from the european union parliament the same treatment here. he is asking for more aid. he is saying sanctions work. obviously he would love you know, air power support. that does not seem to be forthcoming but what did you think? >> well he has become a global icon and he is ukraine's -- at least in the area of rallying global public opinion but i think more than that i think this groundswell of support for ukraine which has practical consequences is largely thanks to his heroic stand in kyiv and, you know, he addressed britain which sent weapons early, anti-tank missiles which i have just seen have just gone to kharkiv, a russian-speaking

city, 50 kilometers from the russian border which is astonishing when you think about it, that it is not effectively surrounded. so this war is not going mr. putin's way. neil: minister, it is interesting that you know the white house is already moving. the president the verge of signing executive order that would ban all russian oil and natural liquified gas, and partial bans and not full bans. what did you make of that? >> it is of course easy for you because the united states is a net exporter at least of gas. i think oil as well. for us it is much harder. let me give you an example n poland and in germany, in the eastern, in the former east, we have refineries that are

connected to russia by pipe for oil, and they are tools to handle the denser, more sulfur containing russian crude. and of course this can be changed but it takes time. it is much harder for us in europe. neil: no, understand. i did not mean that to be a slight, sir. i am curious, from the vantage point of poland which has taken in some uranium refugees and i was unaware most are allowed and welcome into polish homes, that there is some sort of a camp that has been set up, that they are very quickly housed in polish families homes which is remarkable and you know, i'm just wondering where things stand now, whether there is talk of help, financial and otherwise for poland to deal with this, what amounted to an onslaught, a welcome onslaught poland says, they will welcome each and everyone who wants protection and a haven in poland but this

has gotten to be something the likes we have not seen since world war ii. what do you think? >> we were the same country with ukraine for 400 years and we have been invaded by russia many times in our history. so we feel the ukrainian pain and we feel that they are defending europe, away from our borders and if they were to fail we're next. europe is helping, european union has just given all ukrainian refugees temporary right of residence, which includes the right to work. more will be forthcoming. i expect poland will get help integrating refugees but the most urgent task is to prevent putin from winning. neil: minister, you mentioned vladmir putin and how he doesn't alter one iota his plans and his

brutality and there is a sentiment building that he has been able to overcome these sanctions because he has a backstop in china, maybe india, to buy his oil, maybe others and that even a threat in the united states among bipartisan group of senators to prevent gold imports from russia is lifting the price of gold, something that he also has a great deal of. so is he kind of working a separate way around these? does that worry you? >> well severing russia from the west means becoming a vast -- vast --vallse of china and don't think that is good thing in long term. it is not easy to build new gas pipelines. we're somewhat dependent on russian gas and russia is somewhat dependent on our money. from the peninsula, you can't build a pipeline to china.

it is just too far. he lost most of his foreign reserves. all he is left with is the physical gold which is cumbersome. putin has underestimated the outrage and the reaction that he would get to this invasion. neil: minister sikorsky, thank you very much. a member of the european parliament, a former defense minister of poland. thank you, sir, very, very much. you might be noticing incredible turnaround in the markets here. the dow up north of 344 points. it could be relief again over the fact that the president has gone ahead gone through with sweeping additional sanctions, even forbidding all russian oil and natural gas from entering this country but i always caution, not jumping on this something that will last well to the closing but the firm commitment now, that is one of the things, you know, that was out there, how far will these go, how far will europe go?

the uk behind a full ban even though it will take upwards the rest of this year to implement but the way the markets see it much of the western world is responding with the same voice so that could be an early interpretation. it doesn't mean that the price of oil is getting any less pricey. it is. it is getting 4% more pricey today. a lot of these other inflation issues are still alive and well in the commodities markets, for grains. particularly what is happening with metal and cost of nickel, a key component in electric batteries for cars, electric cars. let's get read on all of this fast moving development. senator rob portman who joins us right now. senator, always good to see you. you know it is interesting, senator, as we look at markets reaction, it is momentary snapshot, that image is indeed shot, i think markets, senator, look for some sort of closure or at least one unknown to be at

least a known. in this case how far we will go certainly in this country to go after vladmir putin, even though it will hurt americans. what do you think of that? >> i think you're right. i think there is more certainty after the president's announcement today. also, neil, this may be wishful thinking on my part but i also think the market is reacting to the possibility we're finally going to say we should develop our own resources here. as you know the president, when he got elected on day one stopped keystone xl pipeline, put executive order in place, stopping exploration on public lands and on water. then also he has you know done additional executive orders and tried on waters for united states, which is permanent issue on energy projection and other -- neil: there was nothing in the remarks today, senator, hint that was forthcoming. you could be right. he said for a while he wasn't keen on banning all russian oil. now he has. >> yeah. neil: you think it is a matter of time before he does a 180 on

this and might cite the crisis as the reason to do so? >> absolutely. and he should. we should develop renewables as well but we have to stop punishing oil and gas exploration in this country and importing by the way dirtier fuels from other countries, makes so fence from environmental point of view, and we know now it doesn't have a national security point of view. certainly doesn't help with the price at the pump. maybe wishful thinking on my part we need a new energy policy. he can invoke the executive orders tomorrow. that there is more certainty, not just exploring, using some rigs out there, places like ohio to develop our natural gas and our oil. i think that is part of it. the other issue, neil, that i talked about before is we gave russia back in 2012 most-favored nation treatment, preferential treatment to our market as part of their wto, world trade organization accession. i think we ought to cut that

off. this makes no sense. energy is their number one import to us. oil is a big part of that. we're also doing that. but it also -- neil: senator, he will find a way around that, right? china already indicated it is open to buying oil that the rest of the world might take off the market. china has also been scooping up or plans to take stakes in a number of russian energy and commodity companies. if you had your druthers, advising president, would you also punish china for doing things like that? >> i would certainly punish china if they provide weapons to russia which has been requested including armed drones. with regard to trade, we need to isolate russia as much as possible, so not just us, but other countries have the right to do this under the world trade organization. they should. not just european countries but also some big economies in asia, like japan and like korea. neil: i get that, senator, but would you move to sanction china

if it find as back way around these sanctions and measures and in so doing, complicates our efforts? should china be punished for that? >> well i'm not sure how you would punish them directly for that. what you say if you sell any arms, if you get involved in the fight -- neil: i get the arms things, senator, i wasn't, i get the arms thing. the difference buying russian oil essentially stripped off the market. we're saying no one buys it. china would continue doing so. india probably as well. so that could explain why vladmir putin is doing what he is doing. he has a way to get that pricey oil out. >> well he wants more markets, neil. your previous guest made this point there is no pipeline at this point to china although china certainly would like one at some point but extremely expensive to do that. so the cost to vladmir putin from reducing his markets by

taking united states off the market and hopefully again freedom loving countries all over the world do the same thing that is going to hurt him. and you know, look the sanctions aren't going into effect immediately but the noose is being tightened and one of my concerns about the administration's announcement today and other announcements they made on sanctions is the time frame because they are talking about the june time frame as an example. things may be over by then unless we act more quickly, not just with regard to sanctions but with regard to helping ukraine with more military assistance, particularly planes. i would love to have been on with your polish friend a moment ago to talk more about planes from poland, from slovakia, from other countries like bulgaria, that have migs they are willing to give to ukraine, but they want to know the united states will be there to backfill over time to have more advanced fighters like f-16s. by the way the polls have those as well. this is something we need to move forward on and do it quickly. neil: you mentioned those planes, i'm going a little long

here but for good reason, if poland were to do that, russia already said even the declaration of sending such weapons to ukraine is tantamount to joining the conflict, i'm paraphrasing here but do you think this war would widen if poland does that, if poland gets some of these weapons, these planes, these jets and delivers them or gets them to ukraine? >> i think it is absurd that russia should take that position. they're the ones who invaded a sovereign country. you remember during the georgian conflict, neil, we were, as the united states, sending in military assistance, sending in food and supplies with our own aircraft, and that was, i guess similar to the situation as you can find. russia meantime was taking over a couple of the provinces in georgia. so we've done this before although much more aggressively than we're doing now. all we're talking about is

poland which they are making a decision which they have the sovereign right to do, provide more weapons to ukraine. they're doing it already. this is another kind of weapon. neil: you don't think russia would make this threat, this is nato, but you don't think this could widen the conflagration? >> neil, vladmir putin already said sanctions are an act of war. he made these proclamations on everything that happened. stingers are, javelins are a problem. so, i mean i think we've got to stop worrying too of what makes vladmir putin mad and start defending ukraine. it is urgent. it is desperate. once again last night they're shelling innocent civilians. i saw the kids being evacuated from the kyiv children's hospital. you know, they have bombed schools and they have bombed apartments and they have bombed hospitals. this is unbelievable. we cannot stand back and just let it happen. at the very least we have got to provide the ukrainians they need to defend themselves and what

they tell me they want the airplanes. the airplanes could be very helpful right now. air power is obviously a huge determinant what happens in the next couple weeks here. so the united states position i think is that we want to do it, but do it maybe over a long period of time. we don't have a long period of time here. we need to get the planes into the hands of ukrainian pilots, who know how to fly them, the mission, help them to be able to -- migs. help them defend themselves. neil: senator, thank you very, very much. >> thank you. neil: always good seeing you. rob port man of the beautiful state of ohio. by the way it didn't take very long but vladmir putin already pre-responded to banning all russian oil with a finger directed at europe, more specifically germany. more specifically after that by saying forget about just banning our oil. we're going to ban it from you like now. he is talking about, liquid natural gas. he also is talking about oil but

by doing that, he is sinning a signal, i can win on up you, hurt you now more than you want to hurt me later so the indkegs at least from vladmir putin seems to be one akin to make my day. let's go to lviv, ukraine. where you find mike tobin. heard from president zelenskyy. we don't want to lose our country. we'll fight to the end in the sea and in the air, certainly reminding his british audience as he told parliament there, winston churchill, what he said about putting up the fight. how is the reaction there? reporter: neil, one of the towns very much in the fight is a shipbuilding town that is right in between kherson and odesa. odesa it seems the russian army is focused. the mayor of that town is alexander. he says the russians have them surrounded on three sides. the irony this was a

russian-speaking, russian-friendly town until the bombardment started. some 61 structures have been destroyed or damaged there. civilians are injured. civilians have been killed there. the people there are now willing to fight to the last bullet to be certain that the russian army doesn't just move through them enroute to odesa. >> to have odesa, we are the let's say the wall between, between kherson and odesa. reporter: towns like sumi, mariupol, kharkiv where refugees are fleeing from. most come here west. we found a artist city, not the capital city but city of lviv converted into refugee shelter. we found a woman who lived out in the donbas region had to flee there because of the fighting. went to kyiv.

had to flee kyiv because of the fighting. >> why would anyone deserve being deprived of their houses, deprived of their families their dreams, their lives, for no reason? i don't see, i don't think someone deserves it at all. reporter: back to the siege at mikoliv. the mayor says they're running low on body armor and they need anti-tank weapons. neil? neil: mike tobin. thank you very much. mike, be safe. as i always say. they're in harm's way and continue flawless, selfless reports. by the way the president already signed this executive order on banning you know russian energy. the british commitment is to follow him but it will have to take given their proximity and their contracts with this oil, it will have to phase it out over the course of the rest of the year. germany and some of the other members are not going along with

such a full, blanket, abandonment of russian oil but already vladmir putin has said just the thought that you will has me thinking i'm going to take it out of your hands and ban it to you like now. we'll have more after this. ♪ ♪ ♪ ♪ ♪

this isn't just freight. these aren't just shipments. they're promises. big promises. small promises. cuddly shaped promises. each with a time and a place they've been promised to be. and the people of old dominion never turn away a promise. or over promise. or make an empty promise. we keep them. a promise is everything to old dominion, because it means everything to you. ♪♪ care. it has the power to change the way we see things. ♪♪ 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.

neil: all right. stocks racing along right now. we have the dow at session highs up better than 460 points. had been worst down at 200 points. that is 640 point swing. what is behind this is president's comments he is going to impose, in fact already signed off on all russian oil coming into this country. that would include liquified natural gas. he is banning that as well. britain going along although they're going to take a little longer to do it. not all of europe going along but this is a big unknown. it was represented to some a reversal on the part of the

president here he would not entertain doing it, bipartisan opposition to that stance he pivot ad little. they're hoping maybe he pivots when it comes to the issue of revisiting domestic oil production. hard to say, but maybe clear chase knows, director of government relations. claire, thank you for being patient in the middle of all of this breaking news. is there a thought that maybe the president since he did change his mind on outright banning all russian oil that he might change his mind on domestic oil production what do you think? >> well, neil, thank you having me on and you know, there certainly is a hope and it would be the right move. it just has been really difficult to understand what president biden has been thinking since the day that he took office. i mean as we look at his actions, he went ahead and banned key stone pipeline almost immediately and signaled that he was going to make it more difficult for us to drill by putting a hold on federalises,

doing a number of things, but going ahead and agreeing with nord stream 2. it is interesting today. i mean this is a crisis of president biden's making. if he had allowed us to continue drill way we were under president trump i don't think we would be seeing 130-dollar oil today. neil: you know what the administration says about that. there are 9,000 leases. oil industry has them. they're not implementing. what they fail to point out they had 40,000 leases last year. that they have been working aggressive been on them. having said that there is the view of the white house talking about a pipeline or revisiting domestic production isn't going to change what are just supply demand equation that favors prices going still higher and they talk about the available supply today. what do you say? >> i think, yeah, 9,000 leases available is such a misleading number. it is, the situation. we have permits but, we are is

baaing the same issues facing other industries are facing, supply chains, labor shortages. we can have leases but if we can't get casing to protect groundwater, we can't drill. we need rights of ways to access lease or lines to move the product. that is controlled by the interior department which has been very slow to get us answers on the rights-of-way. so i think it is really disingenuous figure to say we're being very supportive when from day one as you mentioned the signal to oil and gas companies has been we don't want you drilling on federal land. so as a result we are making the choice to invest elsewhere and to slow down. as you look at the timeline of those leases as well, it takes a year for us to get a permit back from the federal government. so we have to plan a year in advance, we have two to three years to drill that permit. so you know, what we're seeing,

yes it is a bit of a pile-up because of covid. when the economy was open and shut down again and open and shut down again, we can't just ramp up production overnight when we don't know what the economy wants. so we're ready and willing yet it is going to take a little bit of time to get a line but we can supply the world with the cleanest natural gas and fossil fuels on the planet. neil: claire chase, thank you very, very much, energy corporation director of government relations. to expand on that point just because you have a lease doesn't mean you will be able to instantly act on it. pointing this in reference, you have to get permits. you have to go through a process where you begin hiring, at multiple levels. it can take up to 10 years. even with all of that, with the leases that the industries had last year at this time, close to 40,000 are whittled down to 9,000. we thought you would want to know that. that is something called a fact. go to kenny polcari, slate steen

chief market strategist. why are the markets reacting the way they are right now? i know it's a snapshot, all could be reversed as you often reminded me, what is going on? >> i think there are a couple things. i think the market got into a real short-term oversold position. yesterday's action, closing lows on the day. we tested lower again this morning. the market feels a little bit exhausted from the sell side. i will say biden came out. while he is branning russian oil and natural gas and it will cause prices going higher there is almost a sense of i think patriotism where the country, everyone is behind ukraine, the world is behind ukraine against russia, there is sense of patriotism. it will hurt a little bit like he says it is. it is already hurting now. if we stand up, do what is right, maybe it is the right thing to do. maybe he will ease back a little bit on the, on his thoughts about u.s. production. look, i think you said it in one

of your earlier, one of our earlier guests today, 55% of democrats are screaming yelling, pounding the table want the u.s. to pump more oil which is very interesting considering, they're part of the reason we stopped, right? neil: yeah, you're right about that. i'm wondering too, you alluded to it, kenny this is what i'm hearing as well, that maybe given the fact that some interpreted the president blinked on this no russian oil. got a lot of pressure from fellow democrats including nancy pelosi, now not is the time to be that strong on this. let's be open to taking a full hit and see what comes of that. so he pivoted. he blinked as some said, maybe the interpretation was he will also blink, pivot, whatever you want to say on domestic oil production. i might be making a leap of faith here. say he does that, now opens himself up to that, he will get a lot of flak from progressives

in his party environmentalists but what would the market reaction be with that? >> he might get flak from progressives. that is a small portion of the party. better than 50% of the party wants him to start to drill more. the market would welcome that. now we're looking at oil $150 a barrel, basically, only going higher. he said we'll ban russian oil. expect prices to jack up once again. so i think action, the market would actually welcome the fact that u.s. producers will be able to start to produce again if he pivots that way. i think it will be a welcome reaction by the market. neil: now oil is off its highs but still up a lot and maybe, you know that temporary reaction could be temporary, could be a little more long-lasting. we had been up about 8 or 9 bucks earlier. we had been over $130, for a while here. so, is the market sensing from this the inflationary fears

might ease, or are you of the opinion we're in for tough times but we can deal with it, the economy can deal with it? it won't lead to the type of big slow downs we've seen in the past when oil prices rocket and stay in a rocket territory? >> well it is kind of interesting because we've seen oil go parabolic, right, over last couple weeks. it has gone absolutely parabolic. can it continue that? will it settle down? it might settle down. i'm still in the camp though it will continue to fuel the inflation story. i don't think we'll see inflation subside. i think inflation is wrong when they start to add the second half of the year. if we continue to get prices that remain up here, may not go necessarily higher, if they remain up here it will hurt. corn, wheat, ukraine big producer of food commodities, if that starts also, we've seen what happened to food commodity prices, will also cause

inflation to remain high. i'm in the camp it will be a tough time, absolutely be a tough time ahead but the market, the market can do well as long as you pick the right spots you want to be in. neil: yeah. you're right today. they are oil, energy, related stocks, benefiting -- >> financials. neil: view, maybe, maybe, this is as bad as it gets. i caution to say not so fast, after this. and it's easy to customize your insurance at libertymutual.com so you only pay for what you need. isn't that right limu? limu? limu? sorry, one sec. doug blows several different whistles. doug blows several different whistles. [a vulture squawks.] there he is. only pay for what you need. ♪liberty, liberty, liberty, liberty♪ i'm mark and i live in vero beach, florida. only pay for what you need. my wife and i have three children. ruthann and i like to hike.

we eat healthy. we exercise. i noticed i wasn't as sharp as i used to be. my wife introduced me to prevagen and so i said "yeah, i'll try it out." i noticed that i felt sharper, i felt like i was able to respond to things quicker. and i thought, yeah, it works for me. prevagen. healthier brain. better life. if you used shipgo this whole thing wouldn't be a thing. yeah, dad! i don't want to deal with this. oh, you brought your luggage to the airport. that's adorable. with shipgo shipping your luggage before you fly you'll never have to wait around here again. like ever. that can't be comfortable though. shipgo.com the smart, fast, easy way to travel. (vo) for me, one of the best things about life is that we keep moving forward. the smart, fast, easy way

we discover exciting new technologies. redefine who we are and how we want to lead our lives. basically, choose what we want our future to look like. so what's yours going to be? we hit the bike trails every weekend shinges doesn't care. i grow all my own vegetables shingles doesn't care. we've still got the best moves you've ever seen good for you, but shingles doesn't care. because 1 in 3 people will get shingles, you need protection. but, no matter how healthy you feel, your immune system declines as you age increasing your risk for getting shingles. so, what can protect you? shingrix protects. you can protect yourself from shingles with a vaccine proven to be over 90% effective. shingrix is a vaccine used to prevent shingles in adults 50 years and older.

shingrix does not protect everyone and is not for those with severe allergic reactions to its ingredients or to a previous dose. an increased risk of guillain-barré syndrome was observed after getting shingrix. fainting can also happen. the most common side effects are pain, redness, and swelling at the injection site, muscle pain, tiredness, headache, shivering, fever, and upset stomach. ask your pharmacist or doctor about shingrix. shingles doesn't care. but you should. opportunities are all about timing. so if you're turning 65 or retiring soon, it's time to take advantage of a plan that gives you more for your medicare dollar: an aarp medicare advantage plan from unitedhealthcare. call unitedhealthcare today. for a low or $0 premium, get $0 copays on primary care doctor visits, preventive dental care, and hundreds of prescriptions. in fact, plan members saved an average of over $9,000 in 2020. you'll even get free yearly eye exams... and free designer frames. don't miss your shot.

if you're turning 65 or retiring soon, learn about our wide choice of plans, including ppo options. call unitedhealthcare today. we'll walk you through your choices and find the right plan for you. catching a good opportunity... is all about timing. so, enroll today, before the moment slips away. take advantage now. neil: oil might be coming off the highs but nickel not so fast. the metal i liken to rodney dangerfield because it never gets respect. they halted trading in london. it had gone up better than 250%. it's a key component in a lot of steel. prices of course they have been going up and batteries for electric cars and the price of those electric cars could go up measureably because the electric batteries in them need nickel. those nickel prices are rocketing. they never reopened trading in

nickel. it was up close to $100,000 a ton. we'll have more after this. 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. ♪ ♪ 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

first psoriasis, then psoriatic arthritis. it was really holding me back. standing up... ...even walking was tough. my joints hurt. i was afraid things were going to get worse.

i was always hiding, and that's just not me. not being there for my family, that hurt. woooo! i had to do something. i started cosentyx®. i'm feeling good. watch me. cosentyx helps people with psoriatic arthritis move, look, and feel better. it targets more than just joint pain and treats the multiple symptoms like joint swelling and tenderness, back pain, helps clear skin and helps stop further joint damage. don't use if you're allergic to cosentyx. before starting, get checked for tuberculosis. an increased risk of infections—some serious —and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms develop or worsen. serious allergic reactions may occur. it's good to be moving on. watch me. move, look, and feel better. ask your rheumatologist about cosentyx. [applause] neil: all right, you don't see this every day.

the ukrainian president volodymyr zelenskyy giving an unprecedented address to ukmps in the house of commons. admired for tough words and fighting russia from the fields shores, in comparison to winston churchill's famous line that the brits would never give up to adolf hitler. that was then. he is considered very churchill right now. i think john hannah would agree. former security advisor to vice president dick cheney. european country much like the european parliament last week, now his message was clear, that i need more help and i hope you guys provied it, what did you think? >> no. it was as close to churchhill as we've gotten in the 21st century, neil. quite extraordinary, his leadership throughout this has been a, you know, a variable all

unto itself in this fight for ukraine's national survival. zelenskyy's leadership, you can't overstate how important it's been to maintaining the will of the american people, the ukrainian people, which is now clearly the center of gravity of this fight. it is not just the ukrainian military, it is this nation of more than 40 million people that is refusing to surrender, that is determined to fight to the end against vladmir putin and this russian war machine. quite extraordinary. neil: now this came at a time the uk announced like the united states it is going to ban all russian oil. it will take them longer to do that than ourselves but they have. they're the only european country who has, i'm not disparaging other european countries that depend on that a lot more than we do but i'm wondering what you made of vladmir putin's response? that he might just cut off that oil and gas on his own to make

them suffer, what do you think? >> yeah, putin's perfectly capable of doing that but i think it's a little bit like his threats of using nuclear weapons. two can play this game. putin can cut off his main source of revenue at a time when his economy is already reeling. he can cut off the oil and gas that feeds his treasury. it will hurt europe but my guess it may hurt russia even more. so, there is a lot of bluff, a lot of bluster in what putin is doing in order to deter and frightened the west and i think on something like this, on the economic angle of this, the europeans, the west, the united states, are in a far stronger position than putin. we ought to call that bluff. neil: very quickly, john, there is a strategy here we have from the ukrainians, obviously to win the war out right and drag it

long enough that the support that vladmir putin supposedly has at home withers, what do you think? >> yeah. i think, again, every day, every week, every month that this war drags on, that putin's military is humiliated, unable to achieve its objectives. it is clear that there is no winning strategy to achieve what putin said he would achieve, which is conquering all of ukraine and its reintegration back into russia. that is now impossible. russia, even if it wins ukraine will never be able to hold it and i think, you know, with thousands of russians already dead, with their economy sinking and tanking even further, that putin got to be looking around the room to figure out who has got the long knives out for him eventually. neil: all right. john, thank you very, very much. by the way i don't know if the russian president has a hank kerring for big macs,

mcdonald's announced it will close 850 restaurants in russia, the latest corporation to say, we are out of here. we'll have more after this.

neil: rarely do you see a presidential announcement that it guarantees to lift gas prices in this count stand sinnd iothn tth str itit ssto rckad oadf

he tnhe t g t g com gplet g me msoeer aetet a n iltuas ituay see. sprodu pctroio pron stocks are h aighigl. wig g cerithellielli o'grad on h ris rs fromfromse auerelue impacti among truckers, edward lawrence at the white house with the pivot that i talked about going way beyond russian oil. madison on the growing list of companies including mcdonald's saying big macs and big russia, big problem. they are stopping them. kelli o'grady and los angeles with a high diesel prices. >> diesel prices are known as a warning sign or the canary for inflation. commercial trucks run on diesel.

that trickles down to retailers, airlines and ultimately will hit consumers and to contextualize that the natural average for diesel jumped at 74 cents. that is 9 cents below the record high hit in summer of 2008. i want to drive home help quickly prices are rising, 58% versus a year ago. we jumped 14 cents from yesterday. every single day the prices going up the president announced were banning oil import to russia you keep the demand the same, the price goes up and imagine you're a trucker with 20300-gallon tank, last year truckers were pain 899 develop now that spike to 1425. 42-dollar increase versus yesterday alone.

during the pandemic, truckers move everything. you're getting hit by the impact on the dependence of foreign oil when you fill up at the pump. you're getting hit at the store to. >> national average of $5 a gallon. that will be directly reflected with inflationary pressure in the price of goods that consumers are buying everything from the toothpaste to your strawberries at the store. >> joe told me truckers are calling for a change to drill more here. some of the drivers may get priced out of the industry and thus we see changes to the national energy policy. neil: those are stark numbers ray kelli o'grady in los angeles. now to edward warrants at the white house. i mentioned earlier part of what is going on with the dalles run up at 541 points. maybe folks getting ahead of themselves if you pivot on the russian oil band maybe it'll pivot on the domestic oil

production began. they taken a leap to far. >> they may be. we're hearing out of the white house. the way to reduce the reliance on oil from russia is to speed up the transition to renewal ree clean energy. the russian oil banning into the u.s. they were forced into this. a growing pressure out of congress to do this. the bill is being formed in congress that would go farther than the president wanted to do. it would affect the trade status so the president can get in front of that. listen. >> the united states is targeting the main artery of russians economy. we are banning all imports of russian oil and gas and energy. that means russian oil will not be acceptable at u.s. ports in american people will steal another powerful blow to putin's were machine. >> this is the first time the u.s. is acting before european allies the german chancellor came out saying he will not

support running attributing russian energy because no one else can fill the gap that they have in germany. here is the secretary of state. >> there is a significant, not only opportunity but imperative in this moment to finally move off of preventing countries in europe, dependence on russian energy because russia uses it as a weapon. were seen countries respond to that. >> president biden greenlighted the nord stream 2 pipeline with regulations and restrictions on u.s. energy. republicans are saying we are seeing what happens with administration forces u.s. energy to step back from its energy independence. >> for certain countries, particularly in germany and many countries in europe that thought that they could engage in contracts to get cheap energy matters in the cost of that.

>> we see the price of the pump the price of a regular gallon of gas jumped 11 cents. it's at a record high $4.17 a gallon nationally. neil: edward lawrence at the white house. following along a growing list of companies that are getting the heck out of russia. the latest the golden arch mcdonald's. >> we have seen this since last week different companies pulling out. some oil and gas companies made the decision to step away from russian oil before the announcement today. the big one today is mcdonald's i will get that in my report. shell announced before this announcement that they would pull out of russia but this came after they got a lot of pushback. on friday shell pushed purchased 100,000 metric tons of crude oil at a record discount because everything that is going on.

now the company is apologizing saying as an immediate first step the company will stop all purchases of russian crude oil and shut its service station, aviation fuels and operations in russia. even at the time shell was not banking sanctions they face heavy criticism for the purchase including ukraine's foreign minister. companies are feeling the pressure to put their morals and reputation before profit. it's becoming logistically harder to do business with russia. mcdonald's just announced 20 minutes before the start of your show it is temporarily closing 850 restaurants in russia in response to the invasion in ukraine. the latest company were seeing a rolling list. l'oreal announced it is temporarily closing down the stores and e-commerce in the country the company saying it'll assess further measures and taking care at the 2200

employees in the country both visa and mastercard set on saturday their suspended operations in russia. levi the gene company, once one of the hottest black-market items during the soviet union is stopping commercial operations in russia. nike is citing logistical problems as a reason they suspended. the list continues to grow for logistical reasons and what were seen as the ethical reasons that companies are pulling out of russia. neil: madison following all of that. in the meantime with the decision of the president to ban all russian oil, where are we going to get it from. apparently there talking to venezuela that has my next guest concerned. an ambassador to the uk, what do you think of this? >> it is a pleasure to be on

again. it is very complicated it's an opportunistic decision. the taken advantage of the fact that russia is isolated to move venezuela away from russia, china and iran towards the united states. i think that strategy and approach is correct because russia has stolen all of the money of the state-owned oil company in venezuela and move the headquarters to moscow and moved his money to a bank that is sanctioned because of the invasion on ukraine. they lost all the money. from a strategic standpoint it's a good opportunity for the united states to move venezuela which is a key entry point in latin america towards the west. however, i don't think this will manage a substitute of production of venezuela is so

low it's really only about substituting the purchases that the united states was still making from russia. neil: a guys leadership we don't even recognize. he's not exactly a warm and fuzzy leader. it just seems weird. i see the longer-term strategy you alluded to but in the meantime between talking about getting oil from venezuela and iran. >> correct. >> is very complicated pre-he's not recognized by the united states is indicted by the justice department as being a narco terrorist which means the narco trafficker was planning tourist attacks against the united states. that's what narco terrorist means. that's what the indictment contains an under investigation for crimes against humanity. if the united states wants to signal to its allies that the united states supports democracy in the western hemisphere. this is not the way to do it. while i support trying to wean

venezuela away from russian china. doing on the basis of oil is not going to work. it sends the wrong signal to the allies. it really isolates sidelines completely by my former boss and you will not be able to get the oil delivered to the united states and time for the midterm elections which is clearly what they're going after. florida is very hard-core and hardline pre-the venezuelan diaspora and florida was up in arms about this visit. neil: i can see why. vanessa thank you very much. a couple of things as we follow the dow races up 600 points on the notion that we will hear on the european community its plan to limit, not a race all russian oil coming in. vladimir putin still has to make good on his threat, if they are thinking about it he will stop sending them gas and oil right

now. he needs the money badly and in no time at least not yet. a little bit more than $120 a barrel. will have more after this. ♪ new projects means new project managers. you need to hire. i need indeed.

indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today.

as a small business owner, whose resumes on indeed ma your bottom line isa. always top of mind. so start saving with comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to $500 a year. so boost your bottom line by switching today. get the new samsung galaxy s22 series on comcast business mobile and for a limited time save up to $750 on a new samsung device with eligible trade-in. at xfinity, we live and work in the same neighborhood as you. we're always working to keep

you connected to what you love. and now, we're working to bring you the next generation of wifi. it's ultra-fast. faster than a gig. supersonic wifi. only from xfinity. it can power hundreds of devices with three times the bandwidth. so your growing wifi needs will be met. supersonic wifi only from us... xfinity. if you're a small business, there are lots of choices when it comes to your internet and technology needs. but when you choose comcast business internet, you choose the largest, fastest reliable network. you choose advanced security for total peace of mind. and you choose fiber solutions with speeds up to 10 gigs to the most small businesses. that's virtually everywhere we serve. the choice is clear: make your business future ready with the network from the most innovative company. comcast business. powering possibilities™.

neil: the biggest activist of human beings since world war ii. 2 million ukrainians will continue to lead the country have more than 200,000 a day trying to find safe passage anywhere to the west. not the east as russians who directed them into belarus. they tried to pull a fast one but following the developments from slovakia were a lot of them are going. >> we see the evolution of the refugee crisis to some extent. these people who just got in, probably the most crowded of the border crossings we bid in three to slovakia. you get to go to a bigger city and then be rerouted to somewhere else in europe. what i mean by the evolution is all women and children.

it's freezing cold you talk about evolution. at the beginning people were making a run for the western border and they would wait in a long line before they got in now you see people in the hard-hit areas. there week into the war and then they start to move. it's really difficult in the country to move around so maybe they move west but they find that they can't stay there. this woman traveling with her teenage son earlier before the sun went down and slovakia. >> because of explosions and lack of food. >> in the city that you move to there was a shortage of food. >> yes we are afraid and when

you move west you run into the challenges. we will see as we move on. you have 2 million people in 12 days. i know poland is getting a lot. most of them number wise but if you break that a percentage of population moldova and poland are much close. this nation slovakia is only a little bit behind. it is a big influx into the border countries in europe with some of the people spreading out even further than that.

neil: it is amazing. thank you very much. in the meantime vladimir putin is doing what vladimir putin is doing. you probably wonder why in the face of sanctions are billed by the day and now mcdonald's pulling out all of his restaurants until everything settles down. then of course and oil dance. what keeps them going. does he have a backhand customer or somebody he can rely on. increasingly that looks like china and china is willing except russian oil when is prevented anywhere else in the world what's more startling developments that china is considered the energy concern. and then another commodity player the aluminum producer, united international. there is a method to all of the grade may be a backstop for vladimir putin, who better to examine than the chinese component gordon chang the expert on all things china. what you make of that and

china's moves here? >> china has made it clear they are supporting vladimir putin. they greenlighted the invasion on february 4 when putin was in beijing van nuys $117.5 billion of new oil and gas deals then there was the cold deal in the lifting of the importation on russian weeds. what more do we need to understand that china is all in on this invasion's b-1 ice expect we would not sanctioned or punished china i was trying to ask earlier but he would not directly answer but providing a backstop for russian oil or whatever else but china must realize that there's a limit to how far we will go. >> on february 3 the state department spokesman warned china not to backfill. in other words make sure russia did not feel pain from western sanctions when they were

imposed. now we've imposed the sanctions and china is doubling down on his support. it is not only buying companies, it is not only buying commodities. now the under their offering union pay because visa and mastercard left town and as russian institutions office with china is trying to put them on six which is a swift version. china is seeing this as a golden opportunity to make russia an economic colony. neil: china doesn't want to go to to far. i'm sure it looks over and says if the same economic majors were taken against us. were a much bigger economy and much more dependent on foreign buyers who are pretty much everything that we do and make. how do they thread the needle going forward? >> i don't think they have to thread a needle.

the western united states have not imposed cost on china by and large. beijing has gotten a message not just of months or years but decades that they can do whatever they want. neil: do think that change slightly? maybe substantially in the past few weeks? >> i think the attitudes are starting to change but the biden administration is not at the point where they're willing to imposes sanctions on china. these sanctions that we impose today like not buying russian oil they don't mean very much until we sanction china. when we sanction china russia hers. if we don't do that then russia needs to look at us and thumb their nose at us. neil: do you think china in the near-term is going to get provocative with taiwan? the sorties that fly over taiwan. at least in this environment?

>> we will see pressure. on february 5 we saw china flight a plane over taiwan island that they have not done in decades. but you gotta remember this month in the following months to the end of this year china is inward focused because the 20th national congress of the communist party comes up in october or november if it's held on schedule and that's where xi jinping once his third term confirmed. i think the chinese leaders are fighting among themselves. they're not in the mood to pick a fight with somebody else or big fight with somebody else. neil: got it, you are the defended invoice on all of this and warning long before it was fashionable to do so. gordon chang the tech were among many examining this phenomenon and power that we severely know today. in the meantime crypto currency. a lot of oligarchs and vladimir

putin himself have been tapping them to prepare for this day. maybe it was that news that has us thinking it's time we start reviewing all of it. more after this. at adp, we understand business today looks nothing like it did yesterday. while it's more unpredictable, its possibilities are endless. from paying your people from anywhere to supporting your talent everywhere, we use data driven insights to design hr solutions and services

to help businesses of all size work smarter today. so, they can have more success tomorrow. ♪ one thing leads to another ♪ ♪ limu emu and doug.♪ and it's easy to customize your insurance at libertymutual.com so you only pay for what you need. isn't that right limu? limu? limu? sorry, one sec. doug blows several different whistles. doug blows several different whistles. [a vulture squawks.] there he is. only pay for what you need. ♪liberty, liberty, liberty, liberty♪ have you ever met a transgender kid? there is no atmosphere that is the same as playing a sport with your team. when you're playing a sport, it's not just about you. it's about what you can do as a team or as a group. most of what i coach are team sports, and it's not about being perfect. it's about growing as an individual and growing as a team member.

and where in that does gender identity come in? i want to even be a coach someday just to help other kids get to where they want to be. we're a team. as an independent financial advisor, i stand by these promises: i promise to be a careful steward of the things that matter to you most. i promise to bring you advice that fits your values. i promise our relationship will be one of trust and transparency. as a fiduciary, i promise to put your interests first, always. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com living with metastatic breast cancer means being relentless. because every day matters. and having more of them is possible with verzenio. the only one of its kind proven to help you live significantly longer when taken with fulvestrant, regardless of menopause status. verzenio + fulvestrant is for hr+,

her2- metastatic breast cancer that has progressed after hormone therapy. diarrhea is common, may be severe, or cause dehydration or infection. at the first sign, call your doctor start an anti-diarrheal and drink fluids. before taking verzenio, tell your doctor about any fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. life-threatening lung inflammation can occur. tell your doctor about any new or worsening trouble breathing, cough, or chest pain. serious liver problems can happen. symptoms include fatigue, appetite loss, stomach pain and bleeding or bruising. blood clots that can lead to death have occurred. tell your doctor if you have pain or swelling in your arms or legs, shortness of breath, chest pain, and rapid breathing or heart rate, or if you're nursing, pregnant or plan to be. every day matters. and i want more of them. ask your doctor about everyday verzenio.

>> crypto currency stocks rise along. crypto currency stocks themselves that's despite on the white house to release an executive order to review them. a lot of this comes on the heels of reports that a lot of the oligarchs may be vladimir putin himself are using crypto currency to find a back channel around restrictions on russian investments in the ruble itself and the dollar. all of that. let's get the reed on the significance with the chambered digital commerce president. what do you make of this move and what it could signal for

crypto currency. part of the worry the bad guys are using it like a shadow world around the traditional currency like the dollar. >> crypto currency, using crypto currency for illicit purposes like money laundering is not common in a has been decreasing. we do not believe and we have not seen any evidence that visual aspects is a valuable tool. the financial crimes enforcement network stated yesterday that they have not seen widespread sanctions of asia using crypto currency. there's a number of reasons why crypto is not the currency of choice for russians to invade sanctions or illicit finance probably. neil: we hear somebody

government saying were looking around. that worries folks is not evidence today. crypto has been benefiting like gold and all of this craziness. gold is probably more popular in that regard but how do you assess what these crypto currencies have been doing. >> again there is a number of reasons why crypto is not the currency of choice for russia to invade sanctions. as far as we can tell it is not a part of their strategy as far back as 2014 when russia entered crimea they have been working with sanctions to improve their economy and they have been diversifying capital differ asset classes. most notably in the chinese and gold. crypto is not a part of their strategy. neil: i understand that by another word you're not worried

or you think this move with the government doing this. this is something that can be a serious headwind for the crypto currency investors. >> further crypto is traceable and trackable and eventually these transactions are going to flow through regulated platforms like crypto exchanges. as these institutions we have anti-money laundering and control in place that are overseen by agencies. law enforcement has significant tools to oversee and see what's happening in the crypto market. potential in real-time. for noncompliant crypto exchanges, there is not enough liquidity in those markets to pull anything off at a large scale. this is not a concern that we have and we also believe law-enforcement understands as

well. >> thank you very much. we have a lot more coming up we will take a quick break. the major market average continued to advance. the dow with half of its gains per the apple of big new product event. nothing are chattering but the latest on what goodies they are debuting from susan li right after this. ♪ we hit the bike trails every weekend shinges doesn't care. i grow all my own vegetables

shingles doesn't care. we've still got the best moves you've ever seen good for you, but shingles doesn't care. because 1 in 3 people will get shingles, you need protection. but, no matter how healthy you feel, your immune system declines as you age increasing your risk for getting shingles. so, what can protect you? shingrix protects. you can protect yourself from shingles with a vaccine proven to be over 90% effective. shingrix is a vaccine used to prevent shingles in adults 50 years and older. shingrix does not protect everyone and is not for those with severe allergic reactions to its ingredients or to a previous dose. an increased risk of guillain-barré syndrome was observed after getting shingrix. fainting can also happen. the most common side effects are pain, redness, and swelling at the injection site, muscle pain, tiredness, headache, shivering, fever, and upset stomach. ask your pharmacist or doctor about shingrix. shingles doesn't care. but you should.

trading isn't just a hobby. it's your future. so you don't lose sight of the big picture,

even when you're focused on what's happening right now. and thinkorswim® is right there with you. to help you become a smarter investor. with an innovative trading platform full of customizable tools. dedicated trade desk pros and a passionate trader community sharing strategies right on the platform. because we take trading as seriously as you do. thinkorswim® by td ameritrade neil: companies have to do what they have to do. apple was saying a new product announcement that's been received by the financial community. i don't know how earth shattering they are but susan li joined us right now. >> from tech nerd to tech nerd. this is going to be interesting consumer read with a record high gas prices.

are they still willing to open up their wallets to spend on high-priced devices like apple. we started off the big event for the first big event of this year end tim cook introducing the cheaper 5g enabled iphone sc. >> this past fall we added more users to the iphone 13 then in each of the previous five lunches. we are excited for the iphone s3 to build on this momentum. >> so for a cheaper five gse in ipad air that was just announced in the ship dates are notable and maybe global chip shortage and supply chain crunches easing up. the cheaper iphone and ipad air will ship on march 18. that is pretty aggressive. that is just a weeks time or so that tells me apple may be

weathering this better than other companies. they just announced and will announce some new max. the rolling up m1 alter a witch is a brand-new chip that comes after the previous generation chips and that will probably go into the powered macbooks that were anticipating. tell me what do you think about content. apple announced to have a partnership with the make of major league baseball. that is in question right now they said they have friday baseball lined up and they will go on apple tv plus. it seems like there's a consumer read to all of this how well are they weathering the supply chain crisis and how much will consumers spend despite the fact there filling up castings at record prices. >> that had a history of being able to charge a premium and get people to pay i notice what they're doing with baseball to

broadcasted in professional football. they are all in bed with the content thing. it is amazing. >> i was think about this and thank you for bringing this up. the people that benefit from all the content and the major league sports are the major league announcers, troy aikman. neil: that is right. if they spread that out to business, could you imagine. >> neil cavuto. >> yeah, franchises. right now franchising the constellation research ceo everybody was to rule the world and so much more. ray, the apple announcements. the details of the announcements but they are reminding people we are still doing what were doing.

and don't lose site of the fact that not all corporate america has stopped in its tracks. >> you are right in life must go on. the new iphones are side of the times. the spring launch is when they fill out the product line produce the apple and silicon everywhere. the m1 and a 15th are coming and it's making things more affordable and accessible. if you're watching the show they had interpreters online as well going live simulcast at the same time. it's all about accessibility and affordability. that is what you're seeing with the launch power and performance and everything line. more important this is the digital future. >> i'm curious so many products announced today i'm not nearly the expert you are. they kept saying 5g. is it me or is the 5g not

panning out. it does depend where you live and i understand a lot of carriers will only feature phones that are 5g capable. i get that but it seems to be a bumpy launch and it seems to have yield about the result read what is going on with them. >> ur rights the benefits for consumers have not panned out. the carriers are still doing build outs and a lot of cities. were seen 5g take effect in inside of enterprise, office parks, stadiums, closed areas and faster data and more services. the benefit came back to the carrier lower cost to transmit over time and more important lee they can push more services in the 5g network. it benefits the carriers in the consumers but i don't like the consumers have noticed a big difference in terms of speed. switching from 5g to different

connection points has been worse especially here in silicon valley of all places. neil: it's definitely been worse for me. i don't know what's going on. maybe it is the luck of the draw. thank you very much. the constellation research ceo. apple stock trading up. technology is getting hammered. the nasdaq is in bear market territory going in today still in the territory but a lot of the names are bouncing back. it might be we went too far but we are watching it. the growing list of national firms mcdonald's the very latest essay, russia we have had and we are out of here. you have to wonder if your vladimir putin does that change everything? maybe he loves big max and now is probably buying up a lot of big macs because they will be a around very long. ♪ or confidence. but you can invest in them. at t. rowe price

our strategic investing approach can help you build the future you imagine. ♪ ♪ your shipping manager left to “find themself.” leaving you lost. 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 what are you recommending for muscle pain? based on clinical data, i recommend salonpas. agreed... my patients like these patches because they work for up to 12 hours, even on moderate pain. salonpas. it's good medicine

neil: he's been sanctioned by somebody companies. maybe today there was a different one that might get him to blink i'm talking about mcdonald's pulling out of russia. it had me thinking whether vladimir putin was a fan of the fast food giant buddy better

racing get what he can because pretty soon the all be shut down. i don't think charlie is a fast-food person. anyway. >> not a lot of fresh fish over at mcdonald's. neil: this is the latest but i'm sure it's not the last. >> i have a lot of money-management sources and one of them compiled a list of 100 companies. it's obviously more than this but listen to this is pretty amazing when you think of the breath of the sanctions mastercard has blocked activity. visa has done the same, american express has halted all relationships, blackrock stopped share creation in the russia etf in suspended trading, directv has removed russia from its lineup. roku has banned russian worldwide. if you look down the list volkswagen the suspension of two

russian cities for plants, honda, fedex suspended all shipments to russia. ups also shipments to russia. oracle suspended all operations to russia. i go down the line it is breathtaking. here is the story. this is obviously because of what's going on. the invasion and the brutality. in the american public completely supports this. what are the interesting things with the mad -- out of russia has exposed is the folly and the need for change. according to academics and fund managers that i speak to. the esg the environment of social government investing. it is a catchall term. if you run a mutual fund or have a company and you have to follow certain edicts and board

diversity giving to social justice issues, giving corporate money. looking at how to deal with the environment footprint but the fascinating thing about these, one third i am told of all investments are managed in esg funds. more companies are following these and nasdaq is harassing its own rules the esg rules for listing standards. it's bigger than that but all of the edicts allow us to continue to invest in russia despite vladimir putin's long history of human rights abuses. in china if you look at it this way if you want to build electric vehicles which i knew pete buttigieg and kamala harris were pushing yesterday. you have to build electric batteries. if you get the batteries you need minerals one of the

minerals coble guess who owns a lot of that stuff, china they cornered the market. to be more dependent on china because of these restrictions on oil companies and oil exploration to reduce the carbon footprint, exxon mobil drill less. that made us more reliant on russian oil. i think there is a bracketing going on with esg. how did we allow this to happen how did we allow china to list on the nasdaq with any ethnic minorities with the uighurs on his board. can you imagine forcing the chinese to put the uighur minority that it is trying to put in jail why you force u.s. companies to go out and make sure they have broad board diversity including transgender people. i'm not saying there's anything wrong but think of the double standard. that has been going on in esg

investing for the last two years as it picked up steam and becomes a mantra in corporate america. i've been told with academics, fund managers, they are saying there's going to be a change in the russian invasion of ukraine. think of it this way. it was okay for mcdonald's to operate in moscow even as vladimir putin was killing his political opponents and destroying chechnya and wiping out people. it is a scary thing. i think that will be a change per this is an inflection point right now. neil: i think you are right. thank you very much. charlie gasparino. i would go to senator bill cassidy of louisiana. louisiana by the way that is a very big energy state. third when it comes to natural gas back california and texas

but also in all in energy stay. let me raise that with the senator. the president's editor seem to pivot a little bit when it came to preventing all russian oil and it didn't want that. now he changed his mind and he is forbidding across-the-board. i'm beginning to wonder if his next pivot might be open to more domestics oil, energy production. a lot of people are hoping in the industry and beyond that that is the next thing. if he were to do that how would you feel about that. >> good to have you back, good to see you. absolutely we develop north american energy resources yet to look at this is national security energy. the economy of a country and the economy of a family. if you ignore one of those for everything falls apart. the problem should be focused

upon lowering the price of the pump which we can do in healthcare safer way if we import from russia and crating jobs from americans. i would feel fantastic about that. >> you are all in on everything for you are all in on this. when we look at importing countries that depend on russia or outside sources. it's an abundance of always shapes and forms in your state. i wonder has the president when he took office not really a fan of fossil fuels and we need them long before the whole invasion. that kid is saved a heap of trouble. the further argument that is awkward to do any good anyway. >> whenever the president says he is doing everything he can

for gasoline prices i start to laugh and then i get angry. he canceled the keystone xl pipeline. we should be expediting the shipment of more canadian oil down to the gulf coast refineries that can have an immediate impact upon gasoline prices. in the intermediate he shut down permits on public lands' end will not allow the construction of pipelines through service with any development that goes there. we are to open up public land in texas and new mexico and with six months we get more production from those sites. lastly in the long-term off the gulf coast of louisiana. even though a national study says developing oil and gas of the gulf coast of louisiana has the lowest carbon impact of oil that comes to our shores compared to the rest of the world. it is good for the environment and good for jobs and it's good to lower the price of energy

trade that should be the president's agenda. by the way were proposing operation warp speed just like faxing the previous administration sped up that development. we could do it now for oil and gas and that's what they should be doing. neil: oil prices have been rocketing. the last time they rocketed we got up to 140 a barrel right before the financial meltdown, six months later trading at 30 . are you worried we get to a point that it cracks the economy. >> i am worried about the absolutely pretty 30 cracking families. there was a family that by steak now buys hamburger. the family that buys hamburgers buying hotdogs and the family bought hot dogs is going vegetarian. it is absolutely cracking families now. that is why we need operation warp speed. how do we get more from america energy resources as soon as possible so we don't have to beg opec and venezuela.

we can create jobs here and create prosperity and lower gas prices. neil: not so fast on the vegetarian thing. cool it there. we can't get that desperate. always good to see you. senator bill cassidy. it's good to be energy and natural resources and very influential player. the dow has compared the dramatic gains to 500 points to 82 right now. stay with us. ♪ (vo) for me, one of the best things about life is that

. . redefine who we are and how we want to lead our lives. basically, choose what we want our future to look like. so what's yours going to be?

neil: ukrainian president zelenskyy right now is thanking the president for his ban on imports of russian oil, import of natural gas, those prices racing ahead. saying it sends the right signal to the putin's leadership in the war machine. we're following all of that. charles payne, i tried to keep the rally going, charles. i don't know what i did, but it disintegrated quickly. you have to save the day. charles: i'm trying. a lot of misinformation out there, we will try to straighten it out, my friend. neil: all right. charles: i'm charles payne. this did "making money". markets stock exchanged amazing reversal on hopes of end to invasion of ukraine. news happened hours ago, news that sparked this general epiphany. why today? we'll drill down on that. targets for the market at the beginning of the year being slashed left and right.