ben emons. this is bloomberg. ♪ >> we are confident that the measures we have taken will very, very seriously weaken the russian economy. >> the sanctions will not target the oil flows going forward. >> what we need from president biden and the western democracies is much more urgent and deeper financial sanctions. >> sanctions that will hurt us now but will protect us from the bigger sanctions if putin thinks we are weak and begins to enter on the borders of nato. >> the baltics should be very concerned they are next. >> vladimir putin is starting with ukraine but this is not the end goal. >> if it does not end with ukraine and democracy in ukraine, everyone else will be involved later anyway. vonnie: some of our guests reacting to the were in ukraine. the russian invasion will continue to dominate the headlines in the week ahead. resident biden dilip -- president biden delivers his first state of the union address on tuesday. economists are skeptical congress can do much to cool price pressure

ben emons joins us in just a moment. this is bloomberg. ♪ haidi: it is time now for your week ahead. jampacked on the earnings front. joe biden will host the german chancellor on monday to talk through the situation in the ukraine amid questions over germany's resolve to stay firm over russia. asia will see a handful of rate decisions in india and thailand. the uscp are printed on thursday. the headline number for january is expected to rise further to 7.3%. setting the stage for the fed's tightening cycle with the first hike expected at the march meeting. those are your major week ahead events we are looking out for. let's bring in ben emons to talk through some of these major risks and opportunities for investors. let's start with the superstrong jobs print. and expectations for the cpi number to be strong as well. is there an outside risk that the fed will be more aggressive? ben: the base mark positions we saw in the data indicated that the economy in 2021 was stronger and also that the jobs market reached maximum em

ben emons. >> up next, a big deal in the airline space, and what to expect when take two reports the and much more next in the market zone, and don't forget, you can watch or listen to us live on the go with the cnbc app we'll be right back. if you wake up thinking about the market and want to make the right moves fast... get decision tech from fidelity. [ cellphone vibrates ] you'll get proactive alerts for market events before they happen... and insights on every buy and sell decision. with zero-commission online u.s. stock and etf trades. for smarter trading decisions, get decision tech from fidelity. you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> welcome back we have a big lineup coming your way in the second hour of "closing bell." we'll get earnings results from take-two, fresh off their deal to by zynga. we'll talk to adam parker between the divergence between old and new tech a to

ben emons, thank you for joining us to help us do that.mask guidance we have been expecting this and we're going to turn to meg tirrell for this breaking news meg. >> hey, morgan yeah, the cdc coming out with new metrics for when people need to wear masks indoors. essentially basing this off a different way of looking at the virus. noting that at this point in the pandemic after so many people have been vaccinated though they say still not enough and so many people had prior infection there, is built-up immunity after two years. under these new metrics, the recommendations for when people need to mask include if you have symptoms, if you have a positive test or covid exposure that applies across how much covid is in the community. but then, they say only those in high covid-19 community level areas are recommended to wear masks in public indoor settings, including in schools and as part of this, they're updating their school mask guidance as well to only recommend mask wearing in schools in those areas of high covid-19 community levels. no

let's bring in ben emons, managing director of global macro strategy, and christina hooper, chief globalst christina, i'll start off with you. we had so many people come on and say geopolitical usually doesn't move the market, doesn't impact the markets too much longer term, yet you say this could be different because it involves oil, a spike in oil at a time where we have hot inflation. how does that play into the markets differently than past skirmishes >> it just adds to the concerns. it adds to the fears because it really could translate into even higher cpi prints. i think what we have all been hoping and assuming is that we're going to peak. we're going to see inflation peak soon. but that might not be the case if we have a situation like an invasion of ukraine that results in very significant economic sanctions and drives up the price of oil that's only going to exacerbate all of the inflationary pressures that we're already experiencing and that's why the stakes are higher this time >> just to sort of connect the dots, does that mean, if this goes into the next cpi print, because