beijing in the beginning of the olympics and announced a long-term strategic partnership that would include massive chinese investment into russian gas it feels like the chinese are deeply uncomfortable with the idea of a new cold war, that the russians are launching, but the chinese don't want to be a part of it. >> ian bremer, your analysis always makes us smarter. ian bremer is the president and founder of the eurasia group, a global consultancy and the author of "us versus them." don't go away. another hour of "velshi" begins right now. good morning. it is saturday, february the 26th. it is 9:00 a.m. eastern time, 4:00 p.m. in kyiv. i'm ali velshi. it's been roughly two and a half days since ukraine was invaded by russian armed forces and we are receiving reports this morning that fighting between the two sides has begun in the streets of kyiv, the capital.

secretary of state antony blinken recently authorized another $350 million to support ukraine's defense. earlier a missile hit a high-rise building in the capital city as russian troops pushed into the capital. it's just as some people feared. intelligence officials had warned that russian president vladimir putin is seeking to invade kyiv to overthrow ukrainian president volodymyr zelenskyy so it could be installed before 2014. as this crisis continues in ukraine, nato's rapid response force will be mobilized for the first time in nato history. troops will be deployed to ukraine's neighboring countries in order to create a line of security for nato's member countries in eastern europe. about 3800 american troops will be part of that response force. this is in addition to all of the other american troops that are going to europe. with more americans deploying to

europe the biden administration fears an accidental clash between americans and russians could happen. nbc news is reporting that in the hopes of avoiding that, the u.s. government is looking to set up a hotline with the russian military to prevent confrontation between their soldiers. back in kyiv, president zelenskyy vows to remain put even after the government, the u.s. government urged him to leave because he's such a big target. zelenskyy has been regularly posting videos online sending messages to ukrainian. earlier he filmed near his presidential office in kyiv saying, quote, we won't put down our weapons. we'll protect our country. he said it in ukrainian which is why i'm reading it. all those who can return to ukraine come back to defend ukraine. it hasn't been a full 72 hours since russian forces invaded ukraine, but it's already created a massive humanitarian

crisis. many displaced within the country and many others attempting to flee. according to ukraine's ministry of defense russian losses so far include 14 aircraft, more than eight helicopters, 102 tanks and more than 500 combat armored vehicle and 3,000 personnel. meanwhile, u skran's minister of health posted this morning that 198 ukrainians have died since the invasion and 1,115 others have been injured. now all of these numbers come from the ukrainian government and they've not been independently verified by nbc news, but it is important to understand what the human cost of war is. a lot of those russians, by the way, those numbers i showed you of 3,000 russians who died. russia has a very large conscript army. they may not have the morale and enthusiasm that ukrainians have to fight this war. there's been a significant anti-war response in russia. this is russia you're looking

at. in the past few days a couple thousand protester have been arrested for demonstrating in russia. demonstrating against the government can get you arrested and ruin your career. joining me is erin mclachlan. she's outside of kyiv from which she has been reporting for several days. you are relocating, erin. what have you seen and what's happening? >> hi, ali. well, in the overnight hours in kyiv we heard running gun battles and explosions. it was a violent night in the capital. a ballistic missile striking an apartment building. i was speaking to an official who said they believe that russian special forces have entered the capital. we left this morning and while we were going through the streets of the city, though, we

saw very little evidence of any sort of crashing. president zelenskyy is saying that ukrainian forces successfully repelled the russian forces in the overnight hours and what we saw on the streets certainly seemed to bear that out, although we didn't see a single ukrainian military troop, and we went to the south and the west of the city. we didn't see a single ukrainian troop, actually, until we were 25 minutes outside of the capital. that's when we started seeing makeshift checkpoints. the roads, as you can see right now. i'm about 110 miles out from kyiv headed in a westward direction. we haven't seen too many signs of people evacuating and there are still long lines at gas stations and supermarkets, but what we have seen in a small, tiny ukrainian villages that dot the landscape here are people getting ready, people filling sandbags. people learning how to fire

weapons. we saw one civilian who had a javelin, provided to the ukrainians by the united states, an ordinary civilian wielding this weapon and it was an extraordinary scene and it was indicative of a country preparing to go to war, preparing for the situation to escalate further, ali. >> erin, stay safer. we'll continue to come in and check in with you through the course of the day. erin mclachlan heading away from the ukrainian capital of kyiv. joining me now is kelly cobiella from poland. many of the people leaving lviv and points west of kyiv are going to poland. what's the situation where you are, kelly? >> yeah, ali. it's been a constant flow of people coming through this border crossing. zoom in off in the distance here. you can see some people standing on the grass and then a fence.

those people, many of them are relatives and friends who are waiting for their loved ones to come across the border and just beyond that fence you see a line of people coming in this direction. those are people who are fleeing ukraine and they're just now making it to the polish side, being reconnected and reunited with their friends and loved ones who are here, and a lot of them, we're talking about people who have been waiting out in the cold with no facilities, no shelter, no water for more than 24 hours. we're talking about thousands of people, a line more than a mile long of people standing and waiting to be processed and come over to poland and the numbers from the unhcr, 120,000 is the latest number who have fled

ukraine. on the other side, you can hear the shopping carts going by on this path, that's because volunteers here today are taking -- are filling these shopping carts full of supplies, water, warm coats, blankets, food, diapers, even and they're taking them down this path all of the way up to that building which is the border building and taking them over, trying to reach those crowds on the other side who have nothing and who have been out in the cold. just extraordinary scenes here. the polish people really trying to reach out and help all of these people who are refugees of war. >> kelly, thank you for your reporting. that border crossing, unfortunately, this may be as calm as you see it for a long time because there will be a lot of people leaving ukraine and a refugee crisis will be in poland as we speak. kelly cobiella in medyka,

poland. it is saturday afternoon in moscow, and some of the press working overtime and some of them coming from the russian government and they're tightening up on what russian reporters can actually report to russian people. >> that's absolutely right, ali. we have seen restrictions on twitter. prior to that we were seeing restrictions on facebook and it's not surprising, ali, because we're tracking a growing resistance here in russia, not just from the people on the street, but from the people in society, the kinds of people who supported president putin in the past. let me give you one piece of news which i think is significant, small, but significant. a russian lawmaker from the communist party mchale madvaev who voted just this week who

voted in favor of donetsk and luhansk, who russia said they're going in to support. this lawmaker voted in favor that the russia give independence to those countries, if you like. he is saying i voted for a shield for russia in those areas of ukraine, not for kyiv to be bombed that's a lawmaker just this week now is against what we're seeing in kyiv. meanwhile, as we've been reporting through the morning, ali. a journalist from the russian newspaper has been thrown out of the foreign ministry pool because she organized a petition of 200 russian journalists. that's not even mentioning the protests and the arrests that are happening here. look, there are still many who support president putin here,

but there is real disquiet and we are seeing it in many different aspects of russian society about what is happening in ukraine right now. really quick, ali. a spokesperson for the kremlin has told us just in the last hour that they say there was a pause in their assault, and there was a pause that they're not being sleed and they're calling that as an excuse as to why they haven't achieved their goals yet. >> keir, thank you for this constant reporting on this. nbc correspondent keir simmons in moscow. the united states and a number of its allies around the world imposed sweeping sanctions after russia began its attack on ukraine. in addition to the initial tranche of sanctions the united states is taking the step to directly and personally leveling against a world leader. the biden administration announced yesterday it would impose sanctions that would directly affect russian president vladimir putin as well as russian foreign minister

sergey lavrov. the european union, the united kingdom, canada and australia have announced similar sanctions against the two men, as well. other sanctions against the united states this week targets some of russia's largest financial institutions, state-owned entities like the gas company gazprom, russian oligarchs and elites close to putin and officials in belarus and countries who aided russia's invasion of ukraine as well as officials involved with the pipeline nord stream 2. those sanctions will freeze their assets and cut them off from the global financial system. that, in effect, could cripple the russian economy. there will be new export restrictions, as well. including a ban on the export of technology often used in military equipment. the goal of that is to stunt russia's military growth and ambitions. joining me now is bill brower ceo of hermitage capital management and head of the

global magnitsky russian campaign, that was set into place, i think that became law in 2012 in the united states, bill. it's been ten years ago and you have had this idea in mind for a long time, that if you target the oligarchs, if you target the people close to vladimir putin it will have some influence on vladimir putin. the theory still stands, but in practice it hasn't hurt putin as much as you would have liked to have seen. >> well, that's true because you have to sanction the right people. that list that you just showed of all the things the united states is going to do is a great list. it looks very persuasive and powerful. the devil is in the details. for example, we're saying we'll go after vladimir putin. he doesn't keep any money in his own name. vladimir putin keeps the money

in the name of people he trusts, the trustees so you have to sanction the oligarchs and the billionaires on the forbes list and the united states will go after oligarchs and family members. yes, they did, a few but not nearly enough in order to really show putin that we're serious. i mean, there's all sorts of images of private jets and boats, yachts floating around the world with these oligarchs who are untouched. so this has to be done in an absolutely meticulous manner to go after putin's oligarch trustees and to go after all of the people that hold his money in the west and for what it's worth, almost all of the money of russia has been accumulated in the hands of a very small number of people and this is an enormous piece of leverage that we have in the west if we decide to use it, but it hasn't been used properly yet and there has to be a proper filling in the blanks, addressing the devil in

the details to get putin's attention and that still needs to be done. >> i remember you literally going around the world. you would go to individual parliaments and you went to congress and you went to the canadian parliament and the european parliament and went everywhere to convince everybody because if everyone didn't do the sanctions then all that would happen is money and wealth would move to countries that wouldn't sanction the russians. here's the issue. why not now bring the hammer down? why not now do full energy sanctions and/or take them off the s.w.i.f.t. system and literally cripple russian business around the world? will you be in favor of that sort of thing because a lot of people are resistant and that's a bridge too far and it will hurt people in the rest of the world than it will hurt russia. >> how could that be a bridge too far? i'm in favor 100%. you have a situation where vladimir putin has started a war, the biggest war since world

war ii. he's bombing kyiv. we haven't begun to see the atrocities he's going to dmit. it's totally appropriate and commensurate right now. until the moment that we're actually going to put boots on the ground which i don't think they do at the moment, we should fight him with every possible tool we have outside of that and in our financial tool kit. the devastating sanction that we have left is to unplug russia from s.w.i.f.t. which will knock them back to the stone age from an economic and financial perspective and that should be used. it's appropriate at this point in time. the people arguing against it are the italian handbag designers. the italians wanted some carveout for luxury goods. in belgium, they wanted a carve out for diamond dealers. all of these narrow economic interests have to be ignored at this point because we're facing an existential crisis and we could end up in a third world

war if we don't impress upon putin how unbelievably costly it would be in ukraine. >> you talk about vladimir putin who you talk in your book "red notice," an important read to understand where the oligarchs came from in the first place and why putin has the power he has. you talk about him as a master manipulator who controls people in a popular manner. keir simmons and others in moscow are reporting that these demonstrations of these objections from journalists and some parliamentarians in russia seems to reflect some sense that he's not as -- as thought out on this one as they would have expected. this seems to not be vladimir putin at his best. this invasion of ukraine seems to be hasty and not properly thought out. >> vladimir putin has a plan, and his plan is to stay in power until the end of his life. in order to stay in power, things have gotten not so good

in russia over the last few years and he's got to create a distraction and a war and that's why he's at war. he's at war so that they -- no one will replace a president, a wartime president, but when you go to war, there are so many unexpected consequences, things that you can't anticipate, and that's what's going on with the russian people. that's what's going on in ukraine right now. the people, ukrainians are fighting back like crazy and vladimir putin may outgun them and out man them, but they're protecting their homeland, their freedom and children and they're putting up an absolutely valiant fight. and so it's an unexpected for vladimir putin. >> bill, it's good to see you. he's of hermitage capital management. he is the ceo and the global magnitsky justice campaign head and he's written a remarkable book called "red notice." he is a big target of the russian government himself, but

it will explain to you how we have gotten where we are today. thank you, bill. much more on the russian invasion of ukraine coming up, but right after the break we will stay here at home. judge ketanji brown jackson has been nominated to the high court. now her confirmation heads to the senate. some republican lawmakers have said they will vote in favor of her confirmation, but i guess like everything else, we have to wait and see. thing else, we havo wait and see

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i'm looking forward to making sure there's a black woman on the supreme court to make sure, in fact -- not a joke. [ cheers and applause ] not a joke. i pushed very hard for that. >> this campaign promise was made by then-candidate joe biden two years ago on friday. biden made good on that promise yesterday by nominating judge ketanji brown jackson of the u.s. court of appeals for the district of columbia circuit to replace justice stephen breyer. >> it's my honor to introduce to the country, the daughter and former public school teachers, a proven consensus builder, an accomplished lawyer, a distinguished jurist. one of the nation's most prestigious courts. my nominee for the state supreme court is judge ketanji jackson. >> if i'm fortunate enough to be confirmed as the next associate

justice of the supreme court of the united states i can only hope that my life and career, my love of this country and the constitution and my commitment to upholding the rule of law and the sacred principles upon which this great nation was founded will inspire future generations of americans. thank you again, mr. president, for this extraordinary honor. [ applause ] >> judge ketanji brown jackson has made history as biden's nominee becoming the first black woman to be nominated to the supreme court. if confirmed, she would be the first justice to have formerly served as a public defender and the second youngest person to serve on the court, 50 years old behind amy coney barrett at the age of 50. pushing toward this historic moment. on the other side of the break,

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congressman jim clyburn is widely reported to be the driving force between president biden's commitment two years ago to nominating the first black woman to the supreme court. congressman clyburn, good to see you. thank you for being with us this morning. tell us a bit about that day when joe biden said on that debate stage that he commits to nominating a black woman to the supreme court? what -- what was your role in that? ? thank you very much for having me. in the run-up to the primary elections you may recall that president biden.

there was a loss in new hampshire and nevada and iowa, and of course, [ inaudible ] she told me if we really wanted to win we needed to nominate joe biden, the real joe biden that we all knew connected to the vote in public. my daughters and other people around the state told me there is a little thing that's being talked about in the african-american community especially among black women that no african-american woman had ever been seriously talked about for the supreme court. 246 years that we've been around as a nation and that was in their craw, and so i did say to

candidate biden that i thought that was one of the issues that could very well galvanize an issue that african-american knew that there was a commitment to breaking that glass ceiling. so that's just the background to all of that. ronald reagan said the same thing when he was president and nobody had a word to say and that was a good thing to do. >> he did it and it was good. he's picked an outstanding judge to break the ceiling with. >> did you think back to the concept because it's been reported that some said that that would seem like pandering. did you have difficulty with that? do you have to convince joe biden or is it something that he naturally accepted?

>> he naturally accepted it and it's been stuff that exists for years. as you know, the five cases leading up to brown versus the board of education, the original case was in south carolina, one of those five cases is in delaware. brown v. the board of education. they've talked about this over the years and we had a certain bond over that issue, and this is not anything that he was averse to, and i heard some reports later that there are some people advising him not to do it, and he was looking like he was pandering, but that's not pandering when you lay out the platform and i want to do this and maybe breaking through the

glass ceiling and what kind of precedence are you going to have? so when he said on the day that he received the official word that he was the nominee, that he was now the candidate of the presidential elect, joe biden said blacks have always had my back and i'm going to have theirs. this is a form of having all across america and there's absolutely nothing wrong with that. >> there's a tradition in which the nominee gets a sherpa, a u.s. senator who walks them through the offices and helps them. you're in the other house, so that's not going to be your job, but you have basically offered to play whatever role is necessary in getting judge ketanji brown jackson that nomination and then get her through the senate. do you anticipate any problems?

>> well, i don't think there would be any real problems except that i would like broad, bipartisan support for her, and i do know that there are three republicans who have already voted for her in the past. i would love to see more come along. i'm going to talk to those republican senators that i know. i'm going to talk to roy brown, and i'm going to say to them, look, guy, both of you have already announced a retirement and let's bring the first african-american woman. come on. 246 years that this country has been in existence, let's show that we are en route to the most perfect union and this is one way to demonstrate that so i'm going to talk to both my senators and lindsay graham voted for him before who supported like i was, and he

said as quoted in the papers this morning that it was disappointed, and i would love to see it just one, and he had one who i think is outstanding. so i'm going to talk to him about that and ask him to look at this young lady's background and look at what she's -- her family has experienced. she's the daughter of school teachers whose uncle has run a foul of the law and so many experiences that we've had and let's put her on the supreme court of the united states. >> jim clyburn, you've been a part of the history that's gone on in the last two years and this was an important part of

it. you are known as the person who was sort of whispering in joe biden's ear about this and encouraging him to not listen to the doubters and to go ahead with this, so we appreciate the point in history that we are at toward a more perfect union. jim clyburn is the majority whip from south carolina. thank you for joining us, sir. >> thank you very much for having me. well, the white house is asking congress for $6.4 billion in aid to address the humanitarian and security crisis in ukraine, but can bipartisan support extend past tweets and statements of support for ukraine? let's hope. f support for ukraine? let's hope so healthier can look a lot like...you. cvs. healthier happens together.

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congressman don bacon of nebraska. he is a retired brigadier general and u.s. air force and currently a member of the house services committee and he's served for a lot of years in the u.s. military. congressman, good to have you with us. >> good morning, ali. thank you for having me. i want to ask you because you were in the air force, this occurred during the confrontation in syria. there was fear that western jets, u.s. jets would get into it with russian jets over syria, maybe accidentally and trigger a war. nbc news is reporting that the biden administration has been working to set up a communication back channel with the russian military to prevent any kind of accidental clash between u.s. and russian forces along the russian border because now we see that the russian forces are moving west in ukraine. they'll be right up against the four nato countries that border ukraine. it's a piece of cooperation that is necessary to say we're not on the same side of this fight, but

what we're not looking for is world war iii. >> we want to avoid world war iii. that would be in nobody's interest. we need to arm and help out ukraine and stand people fighting for their independence and freedom and the russians aren't going to like it. that's going to be too bad. we've entered into a new cold war and we need to isolate russia, economically, diplomatically. we need to help out ukraine to the best of our ability while they have the means to fight. the russians don't like it and that's just too bad. >> i was having a conversation with ian bremer in the end of the last order about the changing world order. we've had things that have generally worked, the nato, the trade alliances and the g7. they don't seem to be working. in this very moment we still have russia going into for another country for the second time in eight years if you include georgia. it's the third time in 22 years or something like that. you actually talked about we're seeing a change in the world and this is how it's going to work.

what did you mean by that? >> if you go back to world war ii, we've had three or four milestones that changed the national security environment. obviously the cold war defined us for decades. when the berlin wall fell that changed how the world was going to relate to each other, it was a rules-based international order with the u.s. the unipower. i think 9/11 was a change because you had not just nations, we had non-nation terrorists that we had to confront. the actions by russia this week changed the order of how things can operate. russia is basically that right makes right, and we'll be a bully and nobody's going to stop us, so the way the system's built you want nations to be following rules and a basic how we do things and russia saying they just threw that out the window and so the only country that can stand up to this is

america and we can't do this by ourselves and we have to do it with freedom-loving countries and stand up to this thug and he's a bully. if we don't, ukraine will not be the last country this happens to. the baltics have about 40% russians in the populations and the russians will go after them next. we've got to stand up to the thug. >> and the baltic states are nato states, right? >> yes. >> do you believe because they are actually worried about this. lithuania, latvia, poland, they are worried that russia won't stop at ukraine and won't go in. i find that hard to imagine because vladimir putin knows the article 5 of the nato charter and an attack on nato countries is an attack on all nato countries and do you think he'd push beyond ukraine? he thought he could, he'll do it. he would only be stopped by strength and resolve and he's got to know it. and deterrence is capability, plus trusting a person's intent. so he's got to know that america

will stand up for the baltics and we have to have forces there now. you have to have permanent forces in the baltics to make it real. i'm the chairman of the baltic security caucus and it's clear that the baltic nations do fear an invasion. i think rightfully so. so we have to have forces there and putin's got to know for absolute certainty that we will defend our nato allies. if he doesn't think it's true he will take them back. ukraine is just -- it's an appetizer here. i think he will push on further if we don't show resolution and strength. >> congressman, thanks for your time this morning. thanks for whenever you do make time for us. i think we'll have to continue this conversation so i'm give young an invitation now to return and discuss this. this is important. congressman don bacon is a republican of nebraska with the house arms services committee and retired brigadier general. he did serve two tours as wing

commander in germany with the u.s. forces so he knows of what he speaks. thank you, sir. >> as russians continue to enter ukraine, civilians are arming themselves and preparing for battle on the streets. we are live on the ground next. . we are live on the ground next walgreens makes it easy to stay protected wherever you go. schedule your free covid-19 booster today. this is the sound of nature breathing. and this is the sound of better breathing. fasenra is a different kind of asthma medication. it's not a steroid or inhaler. fasenra is an add-on treatment for asthma driven by eosinophils. it's one maintenance dose every 8 weeks.

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or there... start here. walgreens makes it easy to stay protected wherever you go. schedule your free covid-19 booster today. joining me now is tremane starr who has become my new best friend because we talk so much. he's also the founder and host of the black diplomat podcast and most importantly, he's been in ukraine for a while now, and he's out there talking to people and terrell, you and i spoke a few hours ago. you were talking, regular civilians who don't own a gun or have nothing to do with military training prepared to and started to train for the defense of their country. >> absolutely. so i know several of these

people personally who have gone to recruitment centers throughout the city to pick up arms and to defend their country. i just want to make a few things clear, that the government is not giving out guns all willy-nilly so you have to have the right documentation and they do screen people before they give them a firearm, and so you don't just have any type of person that's given a deadly weapon. in fact, a good friend of mine he went to multiple places because of paperwork reasons or whatever in order to get the gun -- in order to get his weapon so it's not easy to get a -- to get arms here, but you do see here on the streets, particular resilience, right? if i have to i will pick up a gun. where i am right now things are generally calm all things considered, but at the moment it is under siege everyone will

have the arms, and everyone is walking around with an attitude and i went grocery shopping and was capturing video of what was happening, people were friendly, but also combat ready. it's a very surreal situation where you have this calm and this normalcy in the middle of war and these very common people are ready to fight. >> terrell, i want to address a characterization you used the other day. these people are not really a country and they don't have a culture and they're not really a thing. as much as he talks that ukraine is supposed to be part of russia, there's a really demeaning way in which he talks about ukrainians. you believe that a lot of americans would understand. >> absolutely. so to make -- to really drive it home for americans the way that putin talks about ukrainians is the same way that white racists

white people talk about people of color. if you walk around this city, this country, this anger and this rage and this hatred that is directed towards putin, it doesn't come from politics. this from his language, the way that he talks down to them. it is done year after year after year. the culmination of people being so willing to go get arms stems from the fact they're fighting somebody that's not for human beings. i was walking away from the store earlier today and i was just capturing video of what was going on, and this guy walked up to me and said only ukraine will win. f russia. we will kill everybody for our land. this is our land.

and i could tell you, ten years ago that energy did not exist. so this is all a result of putin's degradation, beating down of them as human beings. so yeah. >> it had the opposite effect. good to see you. i don't know when you sleep, every time i am on tv, you're on with me. senior fellow at the atlantic center and host of black diplomat podcast. he is posting the best information out of ukraine now. the ukraine and russia invasion could have major ramifications for the economy and all over the world. that's next. y and all over the world. world. that's next. i had to get help somewhere along the line to stay competitive. i discovered prevagen. i started taking it

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joining me, professor of public policy and economics at harvard university, former chief economist at the international monetary fund. good to see you, ken. thank you for being with us. you made an interesting comment that made me want to talk to you. russia is not a big economy in the world. it is about the size of, i don't know, one-tenth the size of the u.s. economy, but can wreak havoc on the world. if we impose sanctions some are calling for and some think of fully justified, could wreak havoc on all of us. >> absolutely. we haven't felt anything yet.

listen, i favor doing much more to be clear. so far sanctions we have done have not hit americans very hard. president biden worried in a speech about not having gas prices go up too much. russia is a huge energy power, but the energy is still coming. we haven't cut them off, haven't cut off their banks from the s.w.i.f.t. network that they used to make transactions, we haven't even talked about the costs of rearming europe and what it will take. so if we do more, we could certainly feel it a lot more. so far, the reaction has been very modest in the global economy in the scheme of things, looking at the horrific events that are unfolding before us. >> this is one of those break glass in case of emergency times. there are things you mentioned, the s.w.i.f.t. system, and bigger sanctions on their energy sector, one of their greatest exports in russia. there are european countries

that don't want that to happen because they buy things from russia, they need russia for their energy. there are different industries that sell things to russia and they don't want to go that far. how do we address that? >> well, i think the most straightforward things we can do are to certainly the europeans who spend very little compared to the united states on their own defense need to do more, need to do it in a more coherent way. we need to think about our energy policy. germany turning off its nuclear power plants was nice, but here we are, they're going to be in deep recession, so will italy if there's a cutoff from gas. i think the united states has to think about what our strategic issues are. i'm all for saving the environment, but some of the moves we made seem very awkward right now. >> what do you expect to happen,

ken, with respect to interest rates? the market has had such a rough time. we're showing the last five days of markets. bounced up nicely by the end of the week were alarmed by war, the federal reserve is planning to raise interest rates in march, maybe even by a half percentage point. might change their view on it. >> well, ali, you're speaking to the point markets first thought we might do fairly aggressive sanctions and then decided we wouldn't. so rushes is not that big, ukraine is not that big, if not cutting off oil and gas, letting them ship wheat, so what. it is brutal, but that's the market assessment. that could all change very fast. the scale of this, and you had many people on the show that are going to react more. and the bottom line to your question, right now, the fed is probably on track to raise rates continually for awhile.

i don't think they're going big, not in the middle of this. it could change very fast if we do more. if we do more, there's going to be more inflation, lower growth. it is going to hurt. and i think european and united states leaders need to tell the american people this. >> right. you feel like inflation is bugging you now, oil prices going up because we sanction russia will make it worse. >> and cyber war, too. >> and cyber, we haven't even started to see the tip of that iceberg. good to see you. thank you for joining us. ken rogoff. professor of public policy and economics at harvard university. that does it for me. thank you for watching. catch me here tomorrow morning, another special edition of velshi from 7:00 a.m. to 10:00 a.m. eastern. right now, tiffany cross picks up coverage.

>> we must fight. that's why i am here. all i can do is give blood for our soldiers. >> it is normal to be afraid for your life, for your kids, for your families. >> i am trying to organize relatives to be in one place so they could be protected. good morning, welcome to the cross connection. we are continuing msnbc's up to the minute coverage on all developments out of ukraine. it is 10:00 a.m. in washington, 5:00 p.m. in kyiv. as we come on the air, president biden and vice president harris are scheduled to be on a secure call with their national security team. nearly 5,000 miles away, ukranian officials are urging residents to take shelter as daylight begins to fade and violence spills over into the streets of kyiv. we could be hours from russian forces taking full control of a european capital city. we can't overstate what that means. the ukrainian president