james sweeney, our correspondent and new york. james, you mentioned that there are this data was compiled before the war, and ukraine really sent oil to these new record highs. what can we expect from inflation in the months ahead? how bad kids get? listen, inflation was high. even before this report, in fact, you, us inflation has been on the rise since before the year 2022 kicked off. and this latest consumer price index read only covers february 2022. not the latter part of last week. not beginning of this week. when oil stored when sanctions were enacted, and we, when we took a wild ride on wall street in both directions, now the inflation situation is getting worse. it's not going to get better at the numbers back me up. when i say this, household staples are becoming more expensive, and yes, guess may explain much of the story, but you discussed it earlier. we price is through the roof supply chain still remaining here. here in the u. s, which all kicked off since around january, 2021. look, these are facts, not speculation.

individual sanctions is something that president has been focused on or was going to correspond, james sweeney in new york. james, a priority to focus on these oligarchs, any name, stand out on this newest list. well, it looks like russia's wealthiest, they've garnered all the headlines today because spite an administration, it's announced those new rent, browns, of sanctions, against russian. oligarchs. and there are some interesting names that do stand out, including, i'll assure who's been off his $600000000.50 foot mega yacht. the bill bar was taken by authorities over there in germany and hamburg yesterday was been off. he's an iron and steel magnate, estimated to be about $16000000000.00 worth his estimated to be worth about $60000000.00. and a supposedly allegedly function is buttons, business advisor, and that is also nichol. i took her up on that list of 8 who ran state owned russia, oil pipeline company transient, which carries 90 percent of the oil extracted from russia. and was even his daughter maya, who leads a real estate business that's valued at more than $50000000.00 in mosco

the price of brent crude reaching a 14 year high this week now for more unless let's bring in, james sweeney, our financial correspondent and new york. james, how big of a blow is that to russia, to lose the u. s. as a customer for its oil and gas, this is a big blow to russia by losing the u. s. as an energy comes customer, an injury consumer, the u. s. is the global leader, an oil consumption in this administration, the binding ministration, agree to buy a ton of oil for russia, you know, mix it up a bit not get everything from oven. and the russians were enjoying the funds, allocating it, whichever way they felt fit. and now that money's gone, that's hundreds of millions of dollars. no more. and that's definitely got us thing . and if you're wondering how do you know it's things rush already issued? a warning last week that taking such an action would end up with $300.00 a barrel per for oil in the near future. just to talk and speculation alone led the way for russia to kind of issue that warning. for speaking of stinging, obviously this is going to have consumers very hard and the us no

now for more on this, let's bring in, james sweeney, our financial correspondent in new york. james, how big of a blow is that to russia, to lose the us as a customer for its oil and gas? this is a big blow to russia by losing us as an energy can customer an engine consumer. the u. s. is the global leader in oil consumption and this administration, the, by an administration agree to buy a ton of with, you know, mix it up a bit, not get everything from opec. and the russians were enjoying the funds, allocating it, whichever way they felt fit. and now that money is gone, that's hundreds of millions of dollars. no more. and that's definitely got this thing. and if you're wondering how do you know it's things rush already issued a warning last week that taking such an action would end up with $300.00 a barrel for, for oil in the near future. just to talk in speculation alone led the way for russia to kind of issue that warning. speaking of thinking, obviously this is going to help consumers very hard in the us know. well when it comes to the american public, uh, they're not too ple

shut down production and rush from on this last cross to our financial correspondent in new york, james sweeney. and thanks for joining us, james, can you tell us how serious they, american corporations are taking the threat of assets? seizures. ok, so these reports of russia threatening to seize assets of u. s. companies pulling out of russia are very interesting. and if you're asking if these threats are being taken seriously, of course they are what company wants to lose their assets. if you want that, that if you want that to happen, then that would make you a bad business person. and the u. s. must take these threats very, very seriously, because they were making similar asset reasons, these threats to russia and russian business owners just last week. and when you're dealing with russia, if you're going to issue them a threat, it's a given now that they're going to threaten back and try to be bigger and louder. last week the u. s. declared that any assets held by the central bank of russia in the u. s. such as gold will be declared and accessible. i'm sure russia central bank took notice

let's go to james sweeney now, in new york. a james, it was a wild, weak on markets in response to this war. what stands out about what you've seen? it's been awhile week on wall street and we've actually had a leak where the stock market has been dominated, not by the data, but by geo politics. today, for example, we had a stroll, multi jobs report, but that was put on the back burner for the latest round of ukraine updates. and this has happened all week long. a barrage of news updates that have led the way for shaky moves and mixed reaction. so the answer is what, what this week has really been, it's been a week of typical market moves in a time of crisis. it's following the important lesson that uncertainty is the markets worst enemy, look, we woke up every day this week, the various headlands regarding this conflict. i will catch up in the morning to a series of positive reports. midday those stories would then be released that would favor a downturn, and then it's dinnertime and my phone would explode with headlines, favor

while in new york force is james sweeney who's been tracking this story for us. james, what prompted the sudden you to that tie into the recent oil price slide? remember, just $1.00 week ago, brent crude lead above $139.00 a barrel and analysts were wanting about 185 dollars, 200 dollars. as traders were shunning russian oil, but now it looks like there's a bit of a glimmer of light. i'm in hopes that saudi arabia in the u. e could possibly boost well production. this amid reports, the u. a's ambassador to washington c. washington d. c. wants to increase oil production and encourage opec to ramp of supply. and that's not all because there's also a believe that the men from china, good drug due to new corona virus restrictions and major cities, and is also easing fears for the oil. the oil supply disruptions based on those ongoing ceasefire talks between russian ukraine and lower oil has these worries of inflation. and that's pay the way for a strong market yesterday. and today as well. you talk about worries of inflation while the federal reserve has a monetary po

let's go to james sweeney. now, in new york. a james, it was a wild, weak on markets in response to this war. what stands out about what you've seen? it's been awhile the week on wall street and we've actually had a week where the stock market has been dominated, not by the data, but by geo politics. today, for example, we had a stroll, multi jobs report, but that was put on the back burner for the latest round of ukraine updates. and this has happened all week long. a barrage of news updates that have led the way for shaky moves and mixed reaction. so the answer is what, what this week has really been, it's been a week of typical market moves in a time of crisis. it's following the important lesson that uncertainty is the markets worst enemy. look, we woke up every day this week, the various headlines regarding this conflict. i will catch up in the morning to a series of positive reports. midday those stories would then be released that would fabre a downturn, and then it's dinnertime and my phone would explode with headlines fa

let's go to james sweeney now, in new york. a james. it was a wild, weak on markets in response to this war. but what stands out about what you've seen? it's been awhile week on wall street, and we've actually had a week where the stock market's been dominated, not by the data, but by jill politics today. for example, we had a stroll, multi jobs report, but that was put on the back burner for the latest round of ukraine updates. and this has happened all week long. a barrage of news updates that have led the way for shaky moves and mixed reaction. so the answer is what, what this week has really been, it's been a week of typical market moves in a time of crisis. it's following the important lesson that uncertainty is the markets worst enemy. look, we woke up every day this week, the various headlines regarding this conflict i will catch up in the mornings was series of positive reports. midday those stories would then be released that would fabre a downturn, and then it's dinnertime and my phone would explode with headlines, favoring mi

and james sweeney joins us from new york as always, james 1st rate hikes in 2018. what does this say about the state of the u. s. economy? well, to no surprise that the price is for many months the fed height, its interest rates $25.00 basis points. the 1st increase in 2018. and if you're asking, what does this mean about the state of the economy? well, it looks like the fed, it's finally taking those 1st steps needed to curb the highest inflation reed since the 1980s look, inflation is not going anywhere anytime soon. in fact, the central banks projections today also said that they expect inflation to remain elevated thing that we should end this year at 4.3 percent. and that's way more than the feds 2 percent annual target. and inflation is so high already. and one rate hike is a good start, a good much needed start. but if you want to know what this particular read high can possibly several more means for the us economy for the remainder of this year. well, the fence projections already kind of gave us that answer what powell says to expect for the right hike. s

james sweeney and new york and aaron tilton here with me in the studio. thanks for much for joining us. all the european union on wednesday is that it will freeze the assets of another 14 russian, all our arcs with links to the kremlin. they also will be banned from travelling within the block. the u. s. u. k and even neutral switzerland have also targeted rushes wealthy and response to the war and ukraine for russian oligarchy. that means no more luxury trips to the french riviera or the out. by the lady m. a luxury yacht worth around 65000000 euros. the vessel was seized over the weekend on the italian mediterranean coast. the owner alex a mar dash off was one of the richest men in russia and a major shareholder in the german tourism company to we. yachts airplanes, company shares and luxury real estate abroad are considered assets and therefore fall under the sanctions against the country on the co does or this mega yacht owned by russian billionaire and potent supporter. igor, such and was prevented from sailing at the last minute. it's valued at arou

w. air and told, as well as james sweeney, our financial correspondent and new york. erin, let's start with you. the fits ratings is saying that moscow is, is unwilling to pay it. that's essentially is that mean that they can, but they don't want to. well, in the report which basically indicated that they thought that basically moscow and other problems on its hands and wouldn't necessarily be interested in pain if sovereign debt. you have to remember, we're talking about a country who's economy has been in bad shape since 2014. since as an ex crimea, and we saw these rounds or that around of international sanctions, kind of back it into a corner. so even before the ukraine crisis, they were dealing with a weakened economy. and now with the weak rubel, it seems that many governments institutions and also major banks are having difficulty keeping the lights on at the same time. mosque was trying to pay for a very expensive conflict. so basically the fits report indicated that they thought they would be rather using their, their liquidity right now to keep the lights on their government

the price of brent crude reaching a 14 year high this week now for more unless let's bring in, james sweeney, our financial correspondent and new york. james, how big of a blow is that to russia, to lose the us as a customer for its oil and gas? this is a big blow to russia by losing the u. s. as an energy comes customer, an injury consumer. the u. s. is the global leader in oil consumption and this administration, the binding of ministration, agree to buy a ton of oil from russia, you know, mix it up a bit, not get everything from opec. and the russians were enjoying the funds, allocating it, whichever way they felt fit. and now that money is gone, that's hundreds of millions of dollars. no more. and that's definitely got his thing. and if you're wondering how do you know it's things rush already issued a warning last week that taking such an action would end up with $300.00 a barrel per before oil in the near future. just the talk and speculation alone led the way for russia to kind of issue that warning. for speaking of singing, obviously this is going to have consumers very hard and new

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the price of brent crude reaching a 14 year high this week now for more unless let's bring in, james sweeney, our financial correspondent and new york. james, how big of a blow is that to russia, to lose the us as a customer for its oil and gas? this is a big blow to russia by losing the u. s. as an energy cost customer and andrew consumer, the u. s. is the global leader in oil consumption in this administration, the, by the ministration agreed to buy a ton of oil from us with, you know, mix it up a bit.

while in new york forces, james sweeney who's been tracking the story for us. james, what prompted the sudden you turn in us stalks and oil? well, there's a number of factors that tie into the recent oil price slide. remember, just one week ago, brent crudely above $139.00 a barrel. and analysts were wanting about 185 dollars, 200 dollars, as traders were shutting russian oil. but now it looks like there's a bit of a glimmer of light. i'm in hopes that saudi arabia and the u. a could possibly boost. well, production is made reports the ways in back to washington c, washington d. c wants to increase oil production and encourage opec to ramp of supply. and that's that all because there's also a believe that the men from china, good drug due to new corona, virus restrictions and major cities. and there's also easing fears for the oil, the oil supply disruptions based on those ongoing see fire talks between russia, ukraine, and lower oil. has these worries of inflation. and that's pay the way 1st row market yesterday. and today as well. you talk about worries of inf

now for more, unless let's bring in, james sweeney, our financial correspondent and new york. james, how big of a blow is that to russia, to lose the us as a customer for its oil and gas? this is a big blow to russia by losing the u. s. as an energy comes customer, an injury consumer, the u. s. is the global leader, an oil consumption, and this administration, the binding ministration, agree to buy a ton of oil for russia, you know, mix it up a bit not get.

i was gonna correspond to, james sweeney and new york. james, a priority to focus on these oligarchs. any names stand out on this newest list. well, it looks like russia's wealthiest, they've gone and all the headlines today because fight an administration, it's announced those new rent, browns, of sanctions against russian oligarchs. and there are some interesting names that do stand out, including alice or who's been off is $600000000.50 but mega yet the bill bar was taken by authorities over there in germany and hamburg yesterday was been off. he's an iron and steel magnate, estimated to be about $16000000000.00 worth is estimated to be worth about $60000000.00. and a supposedly allegedly function is buttons, a business advisor. and that is also nichol. i took her up on that list of a who ran state owned russian oil pipeline company transient, which carries 90 percent of the oil extracted from russia. and there's even his daughter maya, who leads a real estate business that's valued at more than $50000000.00 in moscow alone. some intere

james sweeney and new york. thanks so much. thank you. now, oils volatile de looked actually team and comparison to the european natural gas market on monday. benchmark prices were up stunning. 60 percent. that is sure to add pressure on you. countries like germany were still highly dependent on russia's natural gas. russia export at 198000000000 cubic meters of natural gas and 2020, more than a quarter of that went to germany. which is by far moscow's because you customer, but even other smaller member states like italy or the netherlands are bigger customers than china, despite being much, much smaller in size. now as for how important that is to their overall needs, you can see here that russian natural gas made up more than half of germany's overall imports and 2020. but you later, you don't want to stay that way. here's what you commission president or the lavano randa lion had to say about reducing the blocks energy dependence. we have to get rid of the dependency of russian gas, oil and coal, and there are 3 main pillars. one is th

for more on this, let's bring in, james sweeney, our correspondent and new york. james, we mentioned that there are this data was compiled before the war, and ukraine really sent oil to these new record highs. what can we expect from inflation in the months ahead? how bad could it get? listen, inflation was high even before this report. in fact, you, us inflation has been on the rise since before the year 2022 kicked off. and this latest consumer price index read only covers february 2022. not the latter part of last week. not beginning of this week when oil sword went sanctions were enacted and we, when we took a wild ride on wall street in both directions, now the inflation situation is getting worse. it's not going to get better at the numbers back me up. when i say this, household staples are becoming more expensive. and yes, gas may explain much of the story, but you discussed it earlier. we'd prices through the roof supply chain still remaining chaos here in the u. s, which all kicked off since around january 2021. look, these are facts, not speculation. and

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