there is this huge pressure for western firms to sever ties because of the invasion of ukraine. gabriel elizondo reports from new york. ah, macdonald sold its 1st big mac in what was then the soviet union. 32 years ago was yes enough to hold in the home. oh my god. since then the iconic american fast food chain has opened around $350.00 stores in russia. but on tuesday, the company announced it would temporarily close. it's russian operations. and it was followed just hours later by other us giants, starbucks, coca cola and pepsi all in response to vladimir putin's decision to invade ukraine limbs, caraway. it's a domino effect that has already seen a raft of companies like young brands, which owns the fast food stores. kfc, taco bell, and pizza hut and apple make similar moves in russia. on tuesday, the firms actions got the backing of you as president joe biden. over the weekend visa, mastercard, american express. they all suspended their services and rush off. joining the growing list of american global companies, companies are having to play a balancing act on one side, there's an economic c

now maybe even 6 issues, all call asking at one time. gabriel, thank you very much. indeed. gabriel elizondo bringing this up to date with what's going on in the markets live for us in new york. owner was for to camelia ma'am, and he economist sand oil and gas specialist, and she says a u. s. all bond is unlikely to make a big difference to russia. the impact to, to russ i will be minimal for the us banning because only one percent of russian oil exports go to to, to, to, to the us. and for the us it's easy to say that because only 3 percent of their import sent the majority of what they consume their produce themselves said a largest oil producer am come from russia for europe. it's a very, very different ball game. for the u. s. the implications is if, if oil, if, if them, if it manages to convince the europeans to join and i, and, and there's less oil, i'm going towards europe and the us, it will price the all prices, it will bring the global oil prices up. and the consumer will feel that the pump all bets are off. if europe also bands oil, if it's just in the u. s, i don't think anything

president joe biden by the farm they discuss security, financial support, and sanctions on moscow. gabriel elizondo fall this report from washington d. c. well, the call apparently happened in the evening, saturday night here washington time. the call lasted a little over 30 minutes, according to read out from the white house to read out is essentially a summary of the call that the white house releases after president talks to another foreign leader according to that read out and he was short. it was only about a paragraph or so the 2 leaders talked about security for ukraine and continued security support. on behalf of us talk to ukraine. i also talked about sanctions, the continuing ramping up of sanctions and bite and apparently towards the sky. you said this would continue to go on and continue to be a point of that. the white house would continue to focus on what was not discussed or at least what was not mentioned in the read out from the white house or 2 things . any sort of calls for bite and talking about transferring of military aircraft to ukraine. that's something that's been talked ab

by 2 thirds of gabrielle elizondo is live at the new york stock exchange for escape. good to see you. so tell us, so what effect has the biden oil announcement actually had on the markets there? well, it's been a vile, a tile trading day here on wall street, as you can probably imagine, as traders are really trying to grapple with the uncertainty of the geopolitical tensions. but it's a whole host of things. it's not just one, but you could really get a sense of how the markets were gonna react as president joe biden was speaking, making his announcement about the ban of russian oil earlier on tuesday. as he was speaking, as he began to speak, the tao was actually in green. it was but trading positively. but as he was speaking of the major indicators started to drop into the read and they continued to drop as he was speaking. so you could see the uncertainty was leading to that sell off. we got a little bit of a heads up that that's what biden was going to be announcing an hour or 2 earlier. so it was sort of had been a little bit expected that he would be doing makin