operation, thank you for watching. ah, a, a with everybody here across the entire russian capital. this is actually international with

this is in bus one vision show you can't afford to miss, i'm rachel, love it, and i bridge a bore in washington. here's what we have coming up. the world is getting russia with a swath of sanctioned falling military. busy action in ukraine, straight ahead will bring you a full round up clause. the latest tensions have sent global energy prices storing with oil surpassing $100.00 per barrel. briefly. so just how high are things going to go? we'll discuss and the latest moves are rippling throughout market on thursday as the situation is wing heavy on equities around the world. we're going to take us been around all those international stocks. we have a lot to cover. so let's get started with the program with the new round of sanctions from the buying the administration in response to russia's military operation and ukraine, while biden said in a press conference on thursday, he believes the measures pursued by the u. s. and his allies will pape the way for russian president putin to be seen as a pariah on the international stage. well, measures from the u. s. notably,

have yet to target russia's energy sector or to push for moscow to be removed from the swift payment system. now those calls have ratchet up to what is being called the crippling sanctions. today, i'm authorizing additional strong sanctions and new limitations on what can be exported to russia. this is going to impose severe cost on the russian economy, both immediately and over time. we are purposely designed these sanctions to maximize a long term impact on russia and to minimize the impact in the united states and our allies. computing aggression against ukraine will end up cost in russia dearly, economically, institutionally. we will make sure that food will be a pariah. the international stage did appear. union will respond in the strongest possible terms, reggie then or the to be and gone till reggie. the michel high school for

a meeting are due to be and conceal this evening. and they will agree and provide political guidance to adopt the stronger baggage they hush it baggage o sanctions. we had ever implemented to the british people and all who heard the threats from bruton, against those who stabbed with you pray we will of course do everything to keep our country say we're joined, you know, i bridge by friends and allies around the world. we will work with for, however long it takes to ensure that the sovereignty and independence of ukraine is restored to some, some body affections against russia will be proportionate with the aggression it is guilty of on a military and economic level as well as in the energy field, we will show no weakness. we will support ukraine without any hesitation that we will fulfill all of our responsibilities to protect the sovereignty and security of

our european allies. not when you coordinate today within a native. within the g 7 yen, we launch the full package must be the most massive sanctions against russia. and we will strengthen our security in our allied derminger as a responsible member of the international community. south korea will join the international efforts, including economic sanctions against russia in order to suppress the arm invasion and resolve the situation peacefully yesterday for a meal. so what has been officially announced, and what impact will all of this have will? joining us now discussed is robust cost an investigative journalist benz why ben, go ahead and break down the latest sanctions announced on thursday. obviously a lot is going on for all those world leaders. we just heard yeah, a lot is absolutely going on. and so what's been unveiled today by president biden is a round of sanctions kind of unlike anything the world's ever seen before. just a couple of the highlights of what he talked about. he says that these sanctions are meant to maximize impact on russia over a long period of time and create

a crippling effect that would ultimately weaken the country. he talks about sanctioning additional russian banks holding up to one trillion dollars in assets. he also wants to cut off the largest russian bank from having any access to international markets whatsoever. and then he talked about state own companies that are involved in about $1.00 trillion dollars and value also being sanctioned specifically. so there's a lot of talk of this now you guys mentioned in the lead up when reporters began to ask questions afterwards, the questions went back to what about the swift bank system. we've talked about that a lot on the show. the president indicated that it's european countries that said no to that they were not interested in that part of it. and so they declined to actually cut russia off from the smith's system. we thought that they probably would what the president said was, well, what we're doing goes far beyond the school system. it's much larger than the swift system, but it raises the question. if that is the case, why would you not also include the swim system instead of bypassing it completely.

so that was fairly interesting. he also talked about cutting off russia from hi tech imports, which he says will cripple them technologically. but then of course, you have this country called china that can actually make up for all of those imports. yet is notable the see that you've got all of these major threats coming from the, by an administration and obviously some of their top allies. now i know we played this list as sound my, it's from world leaders, but so far as you know that, i mean china is the largest and most important economy to not can dennis action. so what does that mean in terms of russia being able to then circumvent these sanctions? well, it says an awful lot, i gotta tell you, you know, with the fact that china has essentially said that they are in agreement with russia and that they believe that russia is doing what it needs to do. that this is complicated how they describe it, by the way, china also not describing this as an invasion. the word invasions being used a lot today in media in the united states. it's a, it's military operation certainly. but we try to doesn't view it that way for their

view in it as military operations, which by the way china also began flying helicopters into ty, one's aerospace and, and just in the tie. one's aerospace today. and so what that means ultimately for circumventing these sanctions, is you can circumvent almost all of it with china's help. but there's another important key here which is that there was a final question for biden hearing the news conference today about india. and the question was, has india signed on to the so of china is the single most important economy not going along with it? you'd have to guess that india is the 2nd most important economy not going along with it when china and india, the 2 largest populations in the world. and 2 of the biggest economies in the world are not going along with these sanctions. i, it doesn't do a whole lot to really strike fear into the heart of latimer prudent. i wouldn't think when you have to wonder how much a india, obviously a and biden actually said there when he was speed. like what will were still talking. but he was almost kind of a little flustered, requested of saying, and we, we still have a lot to go here, but you have to wonder how much energy of course plays into that. i also been

another aspect here is senator lindsey graham says that congress may actually take actions on its own to institute sanctions on russia and vladimir putin individually . that really hasn't happened before. so do you see that a reality here is that just him trying to put his name into the new cycle? well, lindsey graham's always trying to put his name into the new cycle. so i think both things are not necessarily mutually exclusive of each other, but yes, so i think what the, what lindsey graham is saying is that congress can do this and that they will try to work with the treasury department and they're going to try to work with the d o j to, to basically sanction on their own, unilaterally the individual of latimer. and what's interesting about this is there were a lot of questions in the news conference today for the president about why vladimir putin was not included on this list of thank him. he has not been included on them . and vitamin would not give an answer to that. he indicated once again that other countries don't want that, but listen, that's a slippery slope. it's a very slippery slope because when you start talking about, it's

a tit for tat. at that point, if you start to sanction the individual leader of a country, what stopped the chinese from a sanctioning our presidents? what stopped the russians from thinking the french president. right. and so you wind up in the tit for tat that i think a lot of other countries are quick to say. we don't really want to go there because those of us at the top are not hurt by sanctions. they all know that they're not done. and so when you start to include one member of the international community and one president and say he can personally be sanctioned than those rules apply to everyone. absolutely, and obviously it's something we've discussed that many times is that the effective sanctions on the actual citizens rather than the leadership boom bus events one, thank you so much for breaking all down forth. thank you. i will, will markets have fallen and volatility? 3rd is energy prices spike to start the day as we have officially entered the latest round of $100.00 per bare oil. now the futures international benchmark. brent crude spike more than 7 percent on monday, pushing prices to nearly

a $104.00 per barrel while west texas intermediate jumped more than 5 percent eclipsing $97.00 per barrel. this, as russia provides roughly 10 percent of the oil on the global market. meanwhile, dutch front month gas futures. the european benchmark for natural gas prices rose by about 50 percent across the $135.00 euro is per megawatt hour mark at its high point on thursday. again for context here, russia provides more than a 3rd of the natural gas use throughout the continent. throughout the day, the price these prices have actually stabilized oil even depth, low $100.00 per barrel. once again, it should be noted at this time there has been no disruption of supply coming from russia. joining us now to dig into all a bit and live out the ceo of lip out oil associates, a pleasure to have you back on the show. now we mentioned that there has been no disruption as of yet to russian oil output. now with the commodity price being based on speculation,

what are traders anticipating might happen that would justify these price hike? at this point, we're looking at a couple of things for us. they're looking to see if europe would expand the purchase of crude awhile from russia. and on the other hand, they're looking to see if russia would decide to stop selling crude oil into europe . now of course, neither of those things happen then i think it's unlikely that those would happen. but they're also looking at what could happen in the market to the financial mechanism with letter of credit be issued in order for traders to lift product that a russia would tank or owners allow their vessel to load it russian port. or would they be worried about getting caught up in some financial sanctions, targeting someone from the russian elite. so those things may trader is nervous and we still have of course, as geo political premium in the price of oil. yeah,

that's really is one of those industries where there has been a lot of volatility. we've been watching all of those factors and i know that we've been anticipating $100.00 per barrel oil for a while now. which happen, but has since dipped off that mark. so what caused the oil to come off of those highs and do you expect they will be sitting around $100.00 per barrel for months to come? i think the fact that president biden and other leaders around the world did not include sanctioned on oil and gas, took that off the table for the time being. and so therefore, oil prices came down because they don't expect supply disruption, at least in the near term. so away the possibilities now on a bigger picture as well. the commies have been reopening. we've seen oil demand rebound to near pre had demick level. and the biggest issue has been on the supply side of the equation because back in 2020, and 21. and the oil industry was so odd for investment and as

a result of production did not return as fast as demanded. and andy, i mean, we heard president biden in the last several days. talk about how americans are actually going to feel the pain at the gas pump due to rising oil prices, which are due to the attention, though, but i mean, how much russian oil does the u. s. actually consume and doesn't really matter. considering prices are basically set globally anyway. well the us consumed about $200000.00 barrels a day of rushing crude oil, which represents less than one and a half percent of what our refineries are processing. we buy some other russian unfinished oils that need to be upgraded, but because the us, well market is connected with the rest of the world. higher prices are going to affect the consumer here as well. and that's exactly what we're seeing. the us, we import crude oil in the east and west coast. we export crude oil off the gulf

coast. we also export a significant amount of refined products back to europe and south america off the gulf coast. i mean, while we're import a revised product sent to the east coast, so you can see how we're connected to the rest of the world and as well, prices go up or down the consumer is affected as well. now speaking of being connected to the rest of the world, when it comes to the latest tensions we saw that germany moved to haul the certification process for the north room to pipeline in response to the latest action ukraine. but that wasn't even online yet. so with natural gas prices spiking in europe in the last 24 hours, what options are there to bring those prices down, especially with cold weather still being a factor? well, there's very few options. that's what the, the european union is wrestling with. here in the us, we just commission those 7 l n g export facilities, which could add a little bit more supply into europe,

but it's not near enough to offset any shortfall if russia decided to cut off guarantee and supply. so for europe, they need to look out into the future and decide how are they going to diversify their sources of energy to reduce their dependent on russia. and that is just simply not a quick fix. i absolutely want to get one more point before we go here because going back to those oil prices with him rising. does this put opec closet a position to actually look at increasing output? no, no rush is a member of opec plus, but even though it hasn't been really meeting its goal of that additional $400000.00 barrels per day and output. well, the 3 countries that do have a spare capacity or saudi arabia, the united arab emirates, and 2 ways. and in aggregate they could add about $4000000.00 barrels a day of additional food or production. the issue is back on february 20th it's audi. well, minister came out and said that opec was needs to remain piece of in order to

ensure the oil market. but what would it be? what market is quite unstable in the face of geopolitical tension? i do expect that in the next couple of months, opec is going to continue to stick with that plan to try to restore 400000 barrels a day production. but they already seem to be failing that goal by nearly a 1000000 barrels a day. adding to the tightness in the oil market. absolutely, the grid analysis says always andy, lip, lip out while associates. thank you so much for joining us today. thanks for having me. it's, i'm now for a quick break, but when we come back, global markets are also feeling the paid as thanks it, that rising energy price and take it full will dig into the numbers coming up. that's going to break here. the numbers with

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ah bring you the very latest every out the day this is all national fun, everyone had with, [000:00:00;00] with welcome back to say the global markets react to the latest geopolitical tensions. well, that would be an understatement. rushes mo x saw its largest retreat ever on thursday

with trading suspended briefly as it fell over 45 percent. at one point before ending the day down, nearly 35 percent. markets were down around the world with the hung sung and hong kong and the assets and australia falling around 3 percent. and the send sex and india down nearly 5 percent. as we made a major nato alliance members, the german dax, the french kac and the fuzzy in the u. k, were all down around 4 percent by the end of the day, thursday. but here in the us, the dow fell more than $800.00 points and the nasdaq was down over 3 and a half percent at points during the day. but by market close, all 3 of those recovered from their losses and actually went on to end the day in positive territory. now this notably comes after the as m p went deeper into correction territory and the dow close at its lowest point yet in 2022 on wednesday . so joining us now to discuss all the leaders and the ceo of openness, elsie and jeffrey tucker, president of the brownstone institute. it's great to have you both on the show

today, octavio. let's start with, you know, i know we saw rushes index lose over $250000000000.00 and stock market value in response to the news of military action in ukraine. so what is the impact of the largest drop ever for the no act? but i think should introduce the see that you is really a complete, a symmetric kind of impact the certain companies on the x that weren't really affected at all, certain russian companies, for example, power, utilities, phone companies, chemical companies like for saga we have no impact whatsoever but there's a handful of stocks, a ticket hans burbank, for example. the biggest bank, the state bank last well over half its value gas promise hit hard at the energy operational route that she was hit. also it's kind of a weird kind of distribution there. but i think it has the implications. you see that you mentioned sort of other markets being it hard driven market the bush market, french market things a lot. so it seems that european banking stocks have been hit particularly hard by this. so if you look at german bank site deutscher, bank of commerce bank,

both of those are down over 10 percent today. i n g in the netherlands, lloyd's bank in the u. k. all down double digits. and that doesn't seem to be a particularly good reason for the few. those banks have an enormous exposure to rational business. so i would expect to see those pounds back tomorrow to certain extent in any case, but a sort of what we're seeing unfold in the consonant is a sort of an unusual sort of distribution of a stock price movements. investment if any, some kind of we know we see that so regularly. now jeffrey. oh, we've seen that reaction, not just in russia, but all around the world, as i told you, it is mentioned when it comes to us and its allies moving forward to implement new sanctions against russia, which is one of the largest exports of natural resources or in the world how, what is the potential impact of this worldwide? i can tell you that overnight there was tremendous speculative interest in an existing us or production capacity. the speculators betting on much higher prices in the future. i saw some private tax that showed some numbers that i had never

actually seen before. and then, and then you had this very interesting response from, from in the gold market switch. you know, had been in doughnuts for a long time. but the 1st thing that came to mind prices was, you know, john maynard keynes remarked that gold is a barbarous relic. well, if we're entering into a new age of barbarism, maybe that's just gold comes back at the same time. there's now new questions about about the repair. it was just 2 weeks ago. there's a market wide consensus, so we're going to see some rising rates, you know, but dramatically over the coming year as a way of curbing inflation. but now with such disturbances with war in europe and more turmoil, it really does make you wonder whether or not to fed has got to wherever tall or the willingness to, to go ahead into some to us a risk to us into

a deep recession with rate increases and the speculation now on the street and said we're just collecting what you're going to do, what we did, some nations to the virus and just let the inflation rep and not pursue this kind of restrained monetary policy for fear that it would tanks, us economy so that changes everything completely. absolutely. and i have you all, and i want to hit that exact point with you because actually as we see energy prices rise as we see the reliance on russian natural resources as a whole. many analysts say, hey, guess what guys? inflation may get only worse, and as we already look at what central bank policy might be here in the future, is this going to give western central banks pause when it comes to developing that policy moving forward? because hey, look, the acid p entered bear territory for a very short point today, before it re about it. what are you seeing there, octavia? i think i agree entirely with jeff and his sometimes those can happen here. i never

thought the j powell, the federal, the c b, or need to the central bank to confuse you asked about fighting inflation and increasing interest rates. i think they're kind of scared about crashing the markets. i think j powell showed that quite clearly when he took over as the chairman of the fed, that he did not have the stomach to really crash markets or coast increasing in distress. re civilian sharply is going to have a very detrimental impact on the, on the market several. so at the mo, looking to find the nasdaq is down about 20 percent from his high, at the end of 2021. i think it was time to get scale to that level. so i was thought to the central banks would as soon as the market showed a correction would pack on the interest rate hikes missing that happening already. so i think the smart money is now saying we see this rebound de la nasdaq jumping with reap center space is sort of saying, well, i think j power is bluffing. he's not going to raise the straits 50 basis points in marsh. my only raises what if i base points. this might give him a reason this russian invasion we cried, making good reason to know, raising stresses or i think that's probably what going to see happen is going to be lay,

isn't stress and pushed out further. they never showed much of the zone for it, and i think this gives them the cover excuse to not do it at all. and we certainly wash them is every excuse they can possibly find over at least the last year to keep taking the can down the road as we often say. now jeffrey, when it comes to the fact that the markets are really kind of been all over the place, i know we've talked about how it feels like they're almost going from crisis to crisis. are we getting to a point where those record highs that we saw last year are finally coming to an end? i mean, is this just becoming the reality right now? i don't, i don't, you know, i'm my, my concern is where we're going let abundantly can i going to say the quiet part out loud as i say this, this action by putin as a gift to western politicians who have to be, you know, 2 years have been discredited, lots of trust. many of them are going down for the management of the pandemic. now they get to parade is crazy. on the stage, it,

it posing against aggression. all the on true. you know, i'm sorry to say that i'm maybe the 1st person say it, but it's so but in terms of economic impacts, i think we're looking at inflationary recession. i don't, i don't see any other way around that in some patients going nowhere. supply chain breakages are going to get worse. the money slash it all over the planet, due to pandemic, response up and pressure on the price of everything in terms of financial success is not going to pull back. you know, we're probably going to be looking at looking at no grain effect on maybe an effort trajectory, which is in some sense, tragic and perverse. but you know that that's right. that's basically 2 words. explain our time. yeah, certainly a lot of daycare, jeffrey chucker of the brands and institute and octavio mirandi of openness. i'll

see. thank you both for your time and insight and that's it for this time. you can boom by on demand on the portable tv app available on smartphones, tablet through google play, and the apple app store by searching portable tv. worried about tv can also be found on samsung smart tv, then roku devices, or simply check out that portable tv. well, see you next time. ah, it's been 30 years since the soviet union could go. go to show them what the fuck. so show me where you trust one went through all the ukraine was one of the independent states that emerged from the ruins of a super bow. i'm doing awesome. good. would you also get on google greens? come on board. surely confusing some of the i can last new lucian west, intermediate better, long or lol, a surface, but a teachable thing and finish with water the

past 3 decades. when likely ukraine, eye witnesses were cool, the events. this will be more or less to do to ship with what i knew about it. i'm not sure, but i did that for months with no idea what else and what other forces were at play . you have to do so to whom you show in sion machine. those in you put in the kid what it a little bit when is it the shows up in the versions only take a look at ukraine. 30 years out, the gaining independence. you go to your phone with us here in unity to thought it was a but a will. it made a lush will still holding around where moscow repeatedly war and it would not tolerate ukraine being used by nato to

threaten russia's national security. those warnings were not taken seriously even dismissed out of hand. what we're witnessing is the cuban missile crisis in reverse . and this could have easily been avoided with russia's defense minister order safe egg states, roots for ukrainian soldiers willing to surrender. as a military operation unfolds. not stop to the russian president ordered a special military operation, saying the aim is to defend the people, the don't boss from aggression by the ukrainian military. but in truth, in his stress to russia has no plans. bulky patient, kiev coats, diplomatic relations with russia and urges the west to build an unsafe routine coalition. while the us and its allies slum the kremlin operation as a barbaric attack. and vow the harshest of sanctions