close to new to reflect a loss in confidence in the system in general. just keep that in mind try to keep some dry powder and cash and keep looking at the fundamentals of what you want that's what matters the most pre-buckle up another wild ride the last hour has been so amazing and so is liz claman. liz: with some whiplash marketer in the red as multiple stories send the polls running for cover. the s&p 500 down 31 points and i say just because earlier we were down 42 points and marking the dreaded debt cross that is the two moving day average falls below the 50 day moving average and is the single worrisome for market participants. the nasdaq contractor that was close since december of 2020,

12605.237-point oil briefly falling below $100 a barrel in the aftermarket were above that but do we have to show you what oil is doing today. early optimism between russia and ukraine faded again as we get more information on the deadly airstrike on the ukrainian base extraordinarily close to the polish border, oil is not rising it is plummeting and this time all roads lead to china not only is china instituting new lockdowns due to a covid spike but reports that russia is asking china for military aid in chinese stocks imploding in the western world asking what is got to be next. daniel davis is here live to tell us that china could play a major role in the 19 dale conflict and if russia is getting dangerously close to drawing nato into the war.

no way in or out the russian invasion has waterways to the keyport, the ceo of a shipping platform business that has everybody in the world rushing to untangle the logistical nightmare caused by the war we want to begin with the breaking news lift following uber in the last 20 minutes lift announced a tire tread they said it will be asking writers to pay a temporary fuel surcharge due to the rapid rise in gasoline over the past couple of weeks all of which the church surcharge will go to the drivers not the company. both stocks pump need, uber down and it lift down 5.4%. excluding new york city will wil have to pay a surcharge of 45 or

55 cents on each uber trip and if you using uber eats 35 - 45 cents, that starts wednesday. the national average price of gasoline has risen at an incredibly rapid clip. according to aaa $4.32 a gallon from $2.85 a year ago, gasoline has jumped 38% year-over-year. maybe that might change as it's quite the awakening at the moment, check this out west texas intermediate and retreat down $7.94 or seven and a quarter% at the stunning turnaround which at $129 a barrel this last tuesday, that was when president biden cited executive order all russian imports oil liquefied natural gas and oil to the u.s., wholesale gasoline, and reverse gear pulling back at the moment by 5.5%. last tuesday on news of the band it closed at 368 a gallon. what 338 a gallon. as the fresh covid spike in mainland china has triggered a lockdown of massive manufacturing hub shin jen.

iphone assembler foxconn has halted production, apple shares are getting hammered two and a quarter% to 151 and 30 cents. a bump to be down vaccine makers we have them all in the green, the highest daily news into medical bid cases in two years. everybody is up but my moderna. except ten and a third% getting that push because the company announced its dosing patients in a phase one lyrical trial of the hiv vaccine. with energy in parma what else have you the session to session one thing is not changed the western world disdain for vladimir putin and his body campaign to crush ukraine. a pariah economically and diplomatically i stop by the u.s. and europe at this hour it's become hugely problematic for anyone who owns chinese

stocks just about every name that trades on u.s. exchange comes out of china or hong kong getting pulverized. you can see it's an ugly picture, jd don tended a third%, tencent big gaming down 10%. the new york times reports russia may be dwindling missile supplies has asked china for military help both sides denied this but by association is the all the chinese names are tanking let's get to the floor show traders we have it begin to talk about the federal reserve joining me now jump in treaty and kenny, the fed's interest-rate committee meets tomorrow announces wednesday most likely a quarter of a hike, does any of the drama we outlined you of the said pause? >> i don't think it gives it pause the fed needs to stay on course just as they've said. between what he said a month ago

inflation got worse in the last month since he made the announcement 25 basis points. it be interesting if we heard him talk about 50. i don't think he's going to but i'm in the camp that i thought they should've. i think they need to continue to move to save credibility and pace in the behind the eight ball they could not get any further behind the eight ball speed when there is a variable of the war in the leaving of fibers between china and russia that somehow start to spook the market who can't seem to catch a bid for most of the embassies, the dow slightly higher the nasdaq down $2.26. >> given the last read the war has given powell a path and the likelihood of him having to raise 50 basis points is higher until now what i'm hoping for all the game of time at the time of how long will the world last how long will prices stay elevated, how long will the u.s.

consumer last and what does that mean, i'm hoping it provides clarity of a couple of months or 25 basis point hike to provide the market something to hold onto, 25 basis points and says will wait and see until the june meeting i don't think that'll be enough. liz: were getting the february producer price index which is inflation at the wholesale level, look at the chinese stocks this is the nasdaq golden dragon age xc down 11% and aggregates and puts together all of the chinese adrs the depositary receipts the companies that trade on the u.s. exchange that is calling the market slower, so is energy. when we look at the inflation picture and what is expected to be tomorrow a 10% inflation rate or ppi year-over-year, it's hard to see how the markets rally in

the short term. we have a strong economy i could see it rallying in the long term but in the short term? >> i think you're right the russia ukraine crisis only adds chaos to what is part of the environment. with the panhandle, that is well known it is out there and is awkward to be a surprise the surprise will be much stronger than the 10% number. were already expecting next month's numbers will be through the roof because of what's gone on in russia and ukraine which were even in last month's numbers. to john's point i think you're right that that is gonna go 25 basis points although they left the door open with 20 basis points. it continues and they may take it slower which at the end i think is not going to be the right thing for us but i understand under the circumstances that may be what they're forced to do. liz: what do you buy right now. >> i think is the sector very attractive they had wanted the

best years ever and a probably 10% or so but the fundamentals whether his office, warehouse data centers, apartment, malls is very tight but at least three and half - 4% in general pretty us-based companies a dollar production in the wreath sector is attractive. >> we have the tenure at 2.1% in the wreath is 3% per good to see you thank you so much, incredible amount of news hitting the tape. fox business alert we got a look at deutsche bank investors are getting a really significant reward right now for shunning russian business. look at the stock up 8.7%. investors with the u-turn that germany's biggest bank made late friday, deutsche bank said contrary to a thursday staff note that when out and insisted to continue operations in russia it would indeed wind down all business in russia due to russia's invasion of ukraine.

deutsche bank follows goldman sachs and jp morgan out of the country. the giants are on the move, american express, visa, mastercard topic to the upside at the ten year yield top 2.1% for the first time since july of 2019. take a look at the green patina on turquoise hill the coppermine or with operations in southern mongolia moving higher by 30 wanted a half% after they offer to acquire remaining 49% that it does not own for $2.7 billion which works out to $26 a share, that is the price turquoise hill at $26.48 by the way copper prices have surged 9% over the past year goldman sachs predicting a 50% rise due to supply deficit. a boost, not enough to profit shares and petroleum which is at the moment down about 4.6% after

morgan stanley cut the stock from a hold to a buy side evaluation, warren buffett berkshire hathaway spent more than what it half billion dollars and 27 million shares bringing the total stake to 118 million shares. fresh from ending the player lockout major league baseball striking a new sunday streaming deal with nbc universal's peacock of the wall street journal says 18 games with some starting 1130 in the morning eastern time, apple was out of the batter's box after reached a deal with mlb for friday night games on apple tv plus comcast is flat. we are to explain why apple is down two and a third% because foxconn one of the biggest suppliers has to shut down due to a covid outbreak in change in china. the war in china close to nato nations as russian bombs lieutenant colonel daniel davis is here on the latest attacks on what might happen if one of the

russian missiles strays across the border. we will ask him, the closing bell ringing and 49 minutes, the dow is cleaning to 13 points again, "the claman countdown" has so much more just a moment. please stay with us. 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. ♪ ♪ 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

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liz: breaking news were getting more in the airstrike that killed 35 people on poland's border with ukraine. fox news reporting the missiles were fired at long range from russian airspace and they hit their targets in the military base just 15 miles east of the polish border raising the alarm bells. could russia's most western attack only be the start of vladimir putin's approach meant further into europe press secretary john kirby of the pentagon is about to hold a briefing were keeping an ion the podium the minute he talks were expected to get headlines any important details he gave 21

years of service to the u.s. army and for deployment and operation desert storm and iraq and afghanistan. 35 people killed in the strike, 134 entered ended american journalist shot and killed near kyiv. his vladimir putin trying to draw nato into the work, what does this look like for you. >> i don't think he wants to draw nato in but he's very risky and what he's doing he's trying to send a signal i'm not going to sit by what you put all this legal aid into the ukrainians that it been used on my troops. he is taking a huge risk nothing went astray no missile missed its target and went across the border and afterwards they double down and said we will continue and even further to the west. it is something we have to watch very carefully in the biggest concern if anything happens that goes beyond the border and

potentially strikes in article five and it's a nato war instead of contained in ukraine and we have to avoid the and all cost. liz: when you say if anything happens at piece of shrapnel hitting something on the polish border what would draw nato into triggering article five which is an attack on one of us is an attack on all of us in the pylon begins. >> you heard president biden in recent days reaffirming the any attack on 1 inch of nato territory will be seen as an attack on all and every appropriate response. i hope that's just bluster if it was inadvertent and something went across the border and hit on territory but didn't kill anyone. we have to be very careful and distinguished. we can automatically go that's war, that would be bad with us

we cannot get into situation where tactical nuclear weapon is in the potential for use. that's why it's critical we have to be very careful. liz: vladimir putin has try gas lighting and say the united states is helping ukraine develop chemical weapons or biological weapons. obviously not true. is that the premise for his effort to start using a chemical weapon and if so does that constitute even if it hits on ukrainian territory. as we know these weapons go where the wind go and if the wind patterns were to flow across the rest of europe does not constitute an attack on one? >> it certainly could. i would rather think that the greater likelihood that the message is intended for the russian domestic audience to show look how bad the other side is pre-that's why this war is

just and right you need to support us as opposed to laying the pretexts which they have done in other occasions. this would be bad if the wind changes direction to go hit the russian troops yet they know it'll get global condemnation. i hope i'm right but i think it's for domestic purposes. liz: russia asked china according to the new york times for military aid. there was not much detail that we know that they've already launched 700 missiles they've gotta be running low. china and russia say it never happened were not interested. but good lord how do we sanction china if it does appear they are assisting russia? >> that is a big challenge. my earlier concern that china would move on taiwan the same time russia moved on ukraine and thank god that didn't happen. that would put us in a horrible situation the world can band together and sanction russia just like the craziness it's done to the extraordinary

levels. we can't afford to sanction both countries at the same time because our economies are tied to that unit would harm us even more if we had to do that. i sure hope it doesn't come to that but it can't be any surprise. the closeness with which russia and china have been developing over the last few years and over the last six month prior to this this is no surprise. liz: the misery that were seen on the screen not to mention russia is killing pregnant women. we saw that attack and the baby died in the pregnant woman died, it's absolutely horrifying. as we finish up russia is closing in on kyiv report that more than a week and half that the convoy 9 miles from the capital city. can you give us clarity on how are supposed to view the. >> what russia is doing is pretty clear it's coming into sharp focus what they're doing. they're setting the conditions for a nestle on kyiv.

they have basically almost three sides of kyiv circled from the north and the west and now that they're putting most of their combat effectiveness to the northeast around the area they want to close off ukrainian military forces. if they do they can turn the rest of their forces and potentially surround kyiv and that's when the real danger for this population begins. liz: thank you so much for opening your brain and your military mind, we appreciate it. liz: is not just western nations that are reaching out russia. elon musk challenging vladimir putin to settle the dispute over ukraine. the ev giant is slipping 4% today having nothing to do with that after elon musk said inflationary pressures can hurt tesla it is rocket company spacex. tesla is one of the companies that move the headquarters to austin, texas where kelli o'grady is live at the sxsw

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liz: for the first time since the pandemic tech enthusiast are heading to the lone star state from the biggest tech festival. also for the first time ever the huge event will be showcasing the metaverse in a major way. a block chain network for nft's is offering visitors a chance to step into a 3d scanner and transform the image into a super high resolution digital avatar which can be minted as a 3d nft. we might not know what we just

said, you need to explain to all of this at sxsw, but see it happen. i'm about to get that skin were about to see what it'll look like on to compose and then take it. what you see on screen i can access as an nft in my digital wallet. there you go i didn't get the big reveal i'm immortalized forever the fox business reporter i can access that and take it with me but as you mentioned the big focus is on web three on the metaverse. that's hard to understand in what they're trying to do is give you a taste of what the future could look like you just on my digital avatar i would give you a sense of what this might look like you can see in the background we have the

sneakers. i put those on and move around and see what it looks like. that is one of the different things it'll be wearable digital fashion for the future. i will also take you over to the comic book set up in the comic books you see on the wall those are in fts and they're trying to crystallize the idea of ownership of an nft if i was to purchase a comic book i have a say in the story i vote which of my favorite characters i want to keep and i would've loved to have had that editorial decision. i'm finally going to take you over to the last room. this is a new color that they created i step up to this contraction and move around and you can see all of that happening there all of the different things are trying to

get people a sense of what the metaverse will look like. it's very murky and confusing in the different things i've shown you give you a sense of five or ten years down the line what might it look like they're not the only company we have tons of tech companies and you can feel the energy of what austin is becoming of a city not to south by southwest but year-round. this is what you want to be if you're an entrepreneur or tech company. liz: i remember attaching obama in 2020 where is it going to open or close and of course they had announce that it's canceled. let me know if you have any elon musk sightings. >> all keep my eyes peeled. liz: kelli o'grady live from austin, texas. the war on ukraine more links in the broken supply chain. one newbie in the space has software grabbing the attention of every company desperate to get cargo safely out to see.

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liz: we promise we would bring any headlines out of d.c., jen psaki is holding a briefing at the white house. she said moments ago when asked about possible chinese military or economic assistance to russia for the ukraine war, that related to the new york times report that we told you about, there will be significant consequences for china if it provides assistance that violate sanctions. the white house is watching china's actions very closely but not in a position to confirm any

intelligence this is not helping chinese stocks lead auto which started the day down 13% now down 20%, down 15%, this is a very bad picture, down 15% any new sanctions on china will exacerbate the global supply chain crisis compounded by the situation in ukraine major ports from odessa are closed, damage or under attack parts of the black sea in the sea are too dangerous to pastor including freight ships. take a look right now at marine traffic.com, this tracks cargo ships across the globe the ukrainian coast is completely devoid of any freight traffic this afternoon. this leaves crucial cargo including hunting for help. ryan peterson is joining us now

in a fox business exclusive. we know much of the region is shut down or too dangerous to navigate. much of the black sea is impossible. where you guys coming. >> the train lines are pretty much close to the world but were helping monitor disruptions and see how things are unfolding, these things cascade through the system containers mentor, ukraine or other regions won't be positioned where they're supposed to be giving importers and exporters visibility of where the blockages are and what trains are closed the latest one into the lockdown we are monitoring that helping importers and exporters and what it means for their business pretty give them real-time visibility where does it stop the question every professional wants to know and will it arrive

so they have better visibility. liz: you point out it's not just odessa or mary poole and were talking about the curtain straight, that of course is a very important chokepoint but also as you say china and the breaking news is that chin jen support is shut down and instituting all kinds of quotas. the chinese have an outbreak of coping. how do you do what you do we are all very familiar with less than truckload opportunities where a truck is a third filled in the side you have anything that can put the rest of this truck. it's positive for everybody per what about less than cargo ship load, how to handle them. >> two things, though way that our system works companies come on board to place orders to the factories and were able to track

those all the way to where theirs was to go we placed the order to the factory and the entire logistics that is export and import and put on a ship and track it door-to-door in some cases it can be with other customers about the container mode. it's about visibility we use that from tracking satellite, mobile apps and fundamentally a data problem and how you get data in the ten companies might be involved in a single shipment whether that is a mobile app or a web application or in many cases software talking the software and api. that is the future of shipping software talking to software a lot of what we do is interfacing for humans to exchange data on a platform. >> software is quite a service and what your offering can you give us an example. think about grain there is so

much going to see food shortages possible bread shortage as far as egypt. ukraine ships quite a bit agreeing to the middle east. what kind of cracks are using in the foundation? >> most grain is on cargo companies primarily that said it's horrifying to think about. ukraine is the number five exporter and russia is number one. almost all of that grain comes out of the boxy and because there is attacks on civilian shipping then all of these policies are void. ships will not go up there even if they're not sanctioned they won't go because they don't have insurance and is dangerously in a war zone so that grain does not hit market you will see a lot of food import struggling. belarus is the largest export of

fertilizer. places like central africa that are dramatically improved over the last 30 or 40 years. to do that on the basis of imported fertilizer from places like belarus, you will have food insecurity often leads to violence and revolution. we are hoping for the best, hopefully u.s. exports can step up another major grain exporters around the world need to feel the void but is dangerous to think about food prices going through the roof. liz: the kind of already are, thank you very much. >> my pleasure. >> citadel batting down the doors of capitol hill he's using germany as a reason. what is this all about, charlie is about to break it next. closing bell 19 minutes away we have the dell reverting to read. we are negative 32 points we will see where this goes by the

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liz: firms from citadel to financial are looking to convince congress and the exchange commission to reject the plan from gary good letter that would outlaw the practice of payment for order flow. charlie gasparino is here on that. >> kinsler does not have the formal proposal to outlaw it on the table. he has a proposal, it is now in the common. and anybody who's been following this once he knows to outlaw it. they are not denying because we

ask him every day to comment. what is interesting to pushback from the big wholesalers that do payment order flow among the top ones. they are working the hill with the german study and rejection letter, germany says were knocking to be in payment for order flow is good for retail investors. when virtue in citadel buys the order flow for robinhood and whoever and match the orders for robinhood and schwab to pay no charge no commission because a guinea pig for the overflow. they say they scurry on execution but there's no evidence per he hears what we know. right now virtue and citadel are working in capitol hill. they are going there and showing the german rejection letter, the date of the germany provided they know gary gensler is a lost cause even democratic commissioner saint here's the data, are you sure you want to screw the system the people inside the firm's, gary gensler

will have to show under the fec law label in the rule, you have to show some data analytical analysis that backs up the retail investors that will be harmed. >> don't you have to show replacement for this. >> what you're going to replace it with is better than the old system. there gonna force him to come up with data along the lines of what germany did when they kept payment. it's easy if the bandit or put modest survey this is going to the new york stock exchange as opposed to a dark pool or secondary exchanges better and just do it. they will not let it get away. they're hoping republicans in congress will come to their aid and particularly if the republicans get the senate if

i'm betting and the republicans get the senate and the house it is going to be very difficult for him to ban. i don't know but off the table it's only a three - 2 vote in with the commission but the sec had senate finance committee, they will crush them and i think if the republicans take the senate it's good to be very hard to do stuff like this. it'll be very hard to do a lot of things that he wants in terms of esg and all of the software stuff. we should point out the whole effort to ban payment comes as amc is getting crushed we should put up a chart about this. i'm not saying they're related but it's an interesting the amc investors and the payment for order flow, not the sax and the guy who ran citadel securities, somehow there so manipulating the shares through shortselling.

>> it is the belief that these payment order flows create unfair opportunistic conditions that are unhelpful. >> they go beyond that. let's be clear amc as much as erin is doing a great job trying to keep the place of float. there in a difficult position. that is why it's trading at $13 a share right now. >> wait until top gun comes out. >> the one thing i will say if you listen to the apes they made the worst investment call ever. and with the thing was trading, that june of last year, when it was trading. >> i've seen way worse than that. >> they were saying, i want you to top this when it was trading over $70 a share they were saying hold on it's going to 100 or maybe a thousand. now it's at 1355 they were

pumping that on message boards everywhere the wall street journal was doing stories. what was the worst investment call then that. >> how about you bid you looking people bought at a huge spike it is bankrupted does not exist. amc is not. >> amc is down 90%. this is a horrible investment people are saying is going to 1000 it'll be us short squeeze kenny g will get screwed. >> is heading back down, i'm telling you i hope the company survives, there is a company story which you want adam and erin to pull out all the stops to keep that going in the stock pump on the other end which is based on conspiracy theory and other crazy stuff. true stories.

liz: i've seen worse. you're sitting next to me. thank you very much chinese companies we told you they are cratering. >> that might be worse chinese companies. today's countdown closer we have a great wall repair kit for your portfolio. what you should replace chinese stocks with coming up in just a minute, the dow is down 45 points, the high of the session again a 451, pretty significant swing, we're coming right back. ♪ but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. ♪ ♪ your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire do you have a life insurance policy you no longer need? now you can sell your policy - even

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♪. liz: we're getting headlines out of the white house. listen to this. the white house says it is talking to a range of oil producers to maintain the oil supply. if you look at oil prices, which were already under pressure today, they they are moving lower 8.6%. closed at 103.01 down in the regular session. we've seen some erosion here. so that for may delivery looking

at loss of 5.7%. it is cheaper, $100 and 19 cents. we're starting to see oil falling again in the after-market session. take a look at embattled chinese stocks, had a horrific session today, before the closing bell rings, we're four minutes away. alibaba,jd.com, they are all falling. our countdown closer says, you know, i've got your replacement. we have repair. stocks for what is in your portfolio. we have mark lopresti. let's hear what you like instead. >> list, i think i got to avoid the chinese stocks like the plague. they had a lot of pressure with the sec, fox reporting, just reporting before we got on our segment, talking tough on the white house if china supports russia any further. we like names like tesla.

you heard me talk about this company before, ever betting getting avoiding china and shenzhen completely. tesla doubling production to 1 million cars, by the end of 2022. liz, even without that, tesla's prospects for this year looked rosy. q4 numbers coming in, production up 20%. deliveries up 70%. we stay long tesla. part of russia ukraine, cybersecurity, front of mine for everyone. we saw denial of service attacks coming from, shockingly, servers out of russia. there is no doubt that putin is utilizing cyber warfare as part of his strategy, we like name like crowdstrike, particularly where it is priced right now. offers november 21 high.

219 a share. well off 52 week, at 300 share. reporting thursday, strong year-over-year revenues up 63%. arr, that annual recurring revenue that investors put such a premium on, up 65%. then the last name i will offer for you as your chinese rotation portfolio, chesapeake energy. there was a supply demand imbalance in natural gas before putin's imperialist incursion into the ukraine. liz: true. >> it is only going to stretch supplies thinner as demand continues to increase. this company already returned 35% to investors year to date. they're looking for 400,000 barrels a day production. by the way, liz, you have nice 9% dividend yield for holding chesapeake energy. >> are you kidding? 9%? >> listen, in inflation -- value you look for those dividend payers. we've seen that play out in other names.

liz: yeah, you know so these chinese stocks are getting as we said absolutely just crushed today. we were looking at golden dragon index. there is etf that compiles all the names into one, here we go down 11.8%. i get they're extraordinarily dangerous. we have the federal reserve making their announcement on wednesday. what are you expecting here? >> we're not expecting the fed to do anything but what meese market watchers are predicting which is the first 25 basis point rate hike. look, i do not want to be sitting in chairman powell's chair right now. you have got hot inflation. hottest since the reagan era, with pressure on commodity prices coming from russia and ukraine. you can't get more hawkish in your type of environment. that is going to be able to do is 25. we're not expecting any surprises out of the fed on wednesday. liz: mark lopresti. i'm calling you lopresti changey

it is original, stupid but i'm going with it. mark, thank you so much. tech hit hard to open the week, as nasdaq looks to close around two full h full percentage point lower. [closing bell rings] s&p down 3/4 of a percent. we're straddling the flat line. thank you for joining us. we're getting inflation numbers tomorrow. "kudlow" is next. ♪ larry: hello, everyone, welcome to "kudlow," i'm larry kudlow. i don't know if you're like me, but i grow quite weary and indeed get kind of angry that every time vladmir putin makes a threat president biden and his minions immediately look for a desk to crawl under. you know biden's sabre rattles about nuclear weapons and the administration just goes, oh, no, oh, no, no, we'll never do anything to offend you. that is putin sabre