pepsico, breaking news. they're out of russia?an countdown." larry kudlow coming up right now ♪. larry: hello, everyone, welcome to "kudlow," i'm larry kudlow. so president joe biden finally banned imports of russian oil and natural gas. that is a big news story. i think it was tragic that once again president missed an opportunity to bring the great american oil and gas industry back into the good graces of the white house. missed that opportunity. he had a chance to say, we need to you open up the spigots full throttle in order to provide

pepsico and mcdonald's announced they're suspending operations, symbolic, pepsico, in particular becausethe first western brand to be sold and manufactured in the soviet union. they set up manufacturing in the soviet union as long ago as 1974. they have quite a bigger meaning in russia and. coca-cola has announced suspending operations. mcdonald's, people will remember in 1990, how they opened in the square in moscow, 5,000 people for more than six hours to get a taste of western fast food. very big symbolic announcement from mcdonald's. they have 850 outletters by russia. they were joined by yum brands the parent company of kfc. they actually have more outlets in russia than mcdonald's. pizza hut and kfc, those two are going to be closed. the barrage of western sanctions keeps up against russian businesses. >> ian, thank you very much. more on you later on through the day. >>> let's show you if we can, the latest satellite pictures issued by nasa. as you can see, it's nighttime images what we've shown is the time line how the lights across ukraine have gone out. as you can see, ukraine

had exposure to selling about $3 billion of their revenue comes from russia, and so pepsico took a hit, for instance morgan stanley took a hit because they have investment banking with vtb capital, a russian-based bank and so as you look at this short term there will be the impact of the markets, but what i'm really concerned about is what's referred to as the peace dividend is that being impacted now or will it be impacted as we have to now start looking at spending more for the defense we heard about germany and other european countries increasing their defense spend. well, that also will occur here in the u.s. and that could indicate that our markets may go lower from this point because we're taking away that peace dividend so we have to be very careful as bryn indicated you want to start looking at your portfolio and be patient through this cycle >> are what are we to make, josh, and i'm looking at my facts right now and my screen at j.p. morgan, 135.12 is where that stock is trading. the banks are getting absolutely obliterated. so jpm is putting a new 52-week low as we're having

remember that some protective plays simply have their limits check out shares of consumer staple pepsico tony, what are you seeing? >> yeah, we're continuing to see the staples sector come under pressure, and i think pepsi is one particular name i've identified that could see some down side going forward. if we take a look at some charts, the first chart i want to take a look at here is a chart of the staples sector relative to the s&p 500. now, this is over the past six years. it's important to understand as a sector this is a sector that's continued to underperform the broader markets for this last six years. but if he look at the second chart here what we have seen is in recent times a bit of out-performance here the staples sector actually outpace the s&p 500 by nearly 10% since the december lows. and what we're starting to see here now is that is starting foofizzle out. we're starting to see staples break below those trend lines and return back to its long-term under-performance here relative to the market. if we look at one particular name within the staples sector, pepsi, we see a

pepsico, which produces the drinks, says that the cans were not properly sealed and that could lead tohe beverage spoiling sooner than the expiration date because they contain milk. the recalled items are starbucks double shot espresso in cream espresso and like cream and espresso and salted caramel cream. they all have an expiration date of march. the 28th anyone who has them is advised to throw them out or return them to the place of purchase for a refund. according to a new study, the amount of genetic influence mothers and fathers have on their children is not equal. >> research says each parents, genetic information affect some decisions of their daughters and sons differently. scientists conducted a study on mice and they saw that when mice forage for food, mothers had more control over some of their sons decisions. meanwhile, fathers had more control over some of their daughters decisions. so switching off one parents copy and a select group of cells could have a big effect on their behavior. >> scientists in israel say that they have made a remarkable discovery that could redef

operations in russia, many famous western brands are leaving the domestic market. mcdonald's, coca cola, pepsico and starbucks are just a few of those temporarily suspending their businesses in the country, stopping sales of their products and closing their restaurants, said cafes in a sweeping response to the war between russia and ukraine. that does it for me. i'll be back in about 32 minutes with more continuing coverage of the war and ukraine. say, with this arch international. ah ah, no one else shows the wrong one i'll prove. just don't hold any world to save how disdained to come to the african and engagement. it was the trail. when so many find themselves worlds apart, we choose to look for common ground. the west liberal world order is collapsed in the hedge money inside to maintain and expand. the conflict in ukraine is a proxy war. the real target is russian and indirectly china. the law of unintended consequences is in play. in the end, it will be europe that pays the highest price. ah, i ah, i'm absent and senior, what you going underground is a u. s. house committee holds a hearing

pulling out of the country the reps said in a statement their hearts are with the people of ukraine and pepsicos a responsibility to continue to offer milk, baby formula and other products to the russian people starbucks followed suit in closing its russian stores the coffee chain also halted all shipment of starbucks products into the country and lego has paused product shipments into russia. the company also donated over $60 million to emergency relief efforts. >> salesforce says the company and its employees have donated $2 million to the non-profit relief organizations to refugees and those in ukraine the software company says it began cutting ties with its russian based customers last week and ebay announced it will start removing items on its online storefront that show support for russian president vladimir putin. >> as the war wages in ukraine china is keeping a close eye on how the rest of the world is reacting and how they're seemingly bonding as well. and plus we're watching green arrows across the board as prices continue to skyrocket steve, good morning. >> reporter: good morning t

and pepsico saying it's suspending just soda sales. and through it all, the russian guns of war have never fully stopped. this graphic social media video verified by abc shows a tank destroying a car at a junction just over a week ago in makariv, about 45 miles east of kyiv. the occupants were killed. in mykolayiv today, more civilian areas were shelled today during a russian attempt to take the city, but the attack's been repelled for now. an attempt to evacuate stranded civilians failed today after russia fired mortars on part of the route. today, a brief lull in the fighting allowed thousands more to flee irpin. the city just north of kyiv has been relentlesy rurc fhas whatu wee on oskts of the town of irpin. we've been hearing the sound of bombardments over the last hour, as civilians try to get out, as ambulances try and to get out of the town and to safety, but still, there are dangers. still, there's bombardment. fragile, cold, and afraid. the weakest residents of irpin are among the last to be rescued. among them was retired ru

mcdonald's and pepsico each employing over 60,000. ikea's 15,000 workers in both belarus and russia also impacted. stores at this mall shuttered, assange shuns bite. at other locations, long lines of customers trying to get in one last purchase. "it's sad that so many world brands are suspending their work in russia. and it's too bad that so many people will be out of their jobs." and tonight, russia's financial crisis is being felt outside its borders. russians trying to use their credit cards abroad have also reported problems, because of sanctions and bans. and how do people feel here, david? well, it's so hard to say, because more and more people here really just have been trying to get on with their lives, but you do feel a shift, fewer people in cafes and restaurants, we heard of more people trying to leave the country. i would say there is a creeping realization that 30 years of progress may be about to end. david? >> james longman in moscow again tonight. james, thank you. >>> and tonight, the staggering new number here, now 2

operations in russia, many famous western brands are leaving the domestic market, mcdonalds, coca cola, pepsico and starbucks are a few of those temporarily suspending their businesses in the country, stopping sales of their products and closing their restaurants and cafes in a sweeping response to the conflict between russia and ukraine. and does it for me this hour, i will be back in just under 34 minutes with another full fresh look at your news as we have special coverage of the war and u. k. ah ah ah ah, is your media a reflection of reality? ah, in a world transformed what will make you feel safe, isolation, whole community? are you going the right way? where are you being led somewhere? which direction? what is true? what is faith? in the world corrupted, you need to descend a join us in the depths. or remain in the shallows. ah, ah. i mean the good old was signed on february, the 12th 2015. it was meant to end military conflicts in ukraine between government forces and don bass militia groups. the agreement stipulated that both sides would withdraw heavy weapons to an equal distance fro

operations in russia, many famous western brands are leaving the domestic market, mcdonald's, coca cola, pepsico and starbucks are just a few of those temporarily suspending their businesses in the country, stopping sales of their products and closing their restaurants and cafes in a sweeping response to the war between russia and ukraine. right, that is the news. we will be back at the top of the hour with another full and fresh look. a very special coverage of the word ukraine. stay with us, our international. ah. the west liberal world order is collapsed in the hedge of money. it's hard to maintain and expand the conflict in ukraine as a proxy war. the real target is russian and indirectly china. the law of unintended consequences is in play. in the end, it will be europe that pays the highest price move when i was shooting wrong. when i was just a to see out. because the advocate and engagement equals the trail. when so many find themselves world, the part we choose to look for common ground. oh, driven by dreamer shapes bankers and those with airs sinks we dare to ask ah ah ah ah with like

consumer giants including mcdonald's, coca—cola, pepsico and starbucks have just joined the growing listpinion and now many are considering the impact this is having on their brands. let's discuss this with linzi boyd — founder of one earth global. hello. mcdonald's, many would argue, starbucks, kfc, they were slow in reaction to all of this. talk us through what was at stake for them. they have a huge presence in russia, don't they? it huge presence in russia, don't the ? , ., they? it is a huge thing for --eole they? it is a huge thing for people to _ they? it is a huge thing for people to be _ they? it is a huge thing for people to be pulling - they? it is a huge thing for people to be pulling out i they? it is a huge thing for people to be pulling out ofj people to be pulling out of anywhere but the fact is that brands have to look at this and public demand and they live by their customer, by the consumer, at the end of the day and at this stage, brands need to lead with a human response, they have to choose humanity over monetary gain and there is no choice, really, in my opinion. a

coca cola, pepsico, mcdonald's, starbucks, and yum. kfc and taco bell have all suspended operations. >> putin is determined to dominate and control ukraine. >> reporter:st bl,yil t the consequences, and the military setbacks, warning the situation will only get worse. >> where that leads, i think, is for an ugly next few weeks in which he doubles down, as i said before, with scant regard for civilian casualties, which urban fighting can get even uglier. >> reporter: there is also growing concern over the americans who are still being held in russia. the whereabouts of wnba star brittney griner are still unknown after she was arrested on drug charges. you can see here, state tv just released her booking photo. and yesterday, joe biden called the family of marine family trevor reed, to reaffirm the u.s. commitment to bring him home. reed was detained in 2019 after a night out. weijia jiang reporting. >>> the invasion of ukraine has touched off the greatest flood of refugees in europe since world war ii. some of them have families in the

for example, one of the biggest companies that pays money in rubles is mcdonald's, pepsico and othersiers smoking, drinking cola and eating junk food as much as possible, but i have problems with any company that pays money to the state budget of russia. so we are asking and we have sent a letter to congressto thi sanctions on any foreign companies that continue to pay taxes to the kremlin. >> i appreciate your time today. thank you for speaking with us and sharing your perspective. and we wish you and your whole family the people of ukraine the best. we are with you. >> thank you very much. thank you for your support. >> as bombs rain down in and around kyiv, the mayor had a hopeful message when he visited a maternity ward. >> life goes on. 82 kids were born just in this hospital since the beginning of the war. more ukrainians are coming up and they will arrive. >> precious moments of life. amid so much desperation. stay right there. ? cucu . liberty mutual customizes your car insurance so you only pay for what you need. cut. liberty m... am i allowed to riff? what if i come out of t

coca-cola and pepsico facing harsh criticism for continuing their operations in russia.beverage giants have around 4% revenue exposure in russia. pepsi also has production plants there. the attention is leading to viral hashtags on social media like boycott coca-cola, boycott pepsi, i will even put boycott mcdonald's in there. we reached out to the companies pepsico and coca-cola but no response as of this report. we're clearly seeing corporates consider the reputational cost of doing business with russia as this conflict is in day 12, neil. neil: lauren, they didn't waste a nanosecond going after georgia over voting legislation there. lauren: yep. neil: not talking about the former soviet republic of georgia. what the heck? lauren: that congressman issa tweeted about, coca-cola was very quick, okay these voting rights laws are not something we can support but they support putin's invasion of in a sense ukraine, right, what they're doing to women and children there? there is some hypocrisy here, neil, absolutely. neil: to put it mildly. lauren, thank you very much for th

. >> pepsico for instance says gatorade is getting smaller.y of gatorade is pepsico telling other media outlets the new bottle is easier to grab and a little more expensive. this is only a matter of design. >> okay. what can consumers do about this? >> george, we're used to being price conscious, of course, but now you need to be unit price conscious and net weight conscious. you got to go for the price per ounce and price per pound so you have a little bit more homework to do. a little more work to do when you go to the grocery store or buying stuff online. you got to look at the fine print. >> all right. all right, we appreciate that. will, thank you for the heads-up. >>> coming up next, actress, comedienne and oscar's co-host amy schumer is here live. stay with us. >> building a better bay area. moving forward. finding solutions. this is abc 7 news. kumasi: good morning everyone. let's get a look at traffic. >> video of an earlier inc inc c at the dublin pleasanton station. this i i i 7. the dublin pleasanton station is still shut down. the

it's also particularly symbolic, because pepsico was the first western brand to be sold and manufacturedsoviet union. back in 1974, they set up operations in the soviet union. pretty symbolic. mcdonald's, viewers of a certain age will remember how they opened in push can square, in moscow, in 1990. the soviet union was still in existence. 5000 people on that first day cued for up to six hours to get into mcdonald's, and get a taste of western fast food. mcdonald's announcing last night, they're shutting their 850 stores in russia. joining them, last night, -- the american parent company of kfc and pizza hut. they've actually gotten a bigger business in russia. -- casey has 1000 outlets in russia, they also have 50 pieces lots. they will be closing, as you say, coca-cola is also suspending operations in russia for the time being. we've had a few more announcements this morning. we've heard from laura real, the french cosmetics giant. they are shutting their stores in moscow, and in the rest of russia. we've also heard from heineken. they're suspending production of their beers in russia.

coke is suspending all of their operations, but pepsico announced they would continue to sell potato daily essentials such as milk, cheese, and baby formula, to which russian babies said, "are you sure you don't have coke? ( laughter ) can you look in the back? okay." putin is trying to win the p.r. battle at home by rallying his people around a new logo. reportedly, the letter "z" has become a symbol for russians who support the invasion of ukraine. no! no, putin! you keep your hands off the letter "z"! it's one of the most essential letters! it's 40% of "pizza!" the "z" symbol. pizza fans? ( applause ) no i'm not-- curious. the "z" symbol started popping up a few weeks ago, when it was seen painted on tanks, armored personnel carriers, and other military vehicles along the russian border with ukraine, and now some russians are putting "z" stickers on the backs of cars and on russian billboards. one russian talk show pundit recently wore a t-shirt with a large white "z," leading many to speculate that this is an orchestrated kremlin effort to drum up support for the war. it really m

pepsico, it gets about 4% of its revenue in russia. is going to keep a footprint there, it is going to keep essential products like baby formula, milk and baby food. pepsi, so interesting, you look through the vault, it has been operating for 60 years back to former soviet times and back then, the soviet union didn't have any money. so they would trade shipments of pepsi for things like warships and vodka. but this is going backwards for russia. what putin has done with his -- with his tanks and his missiles is put his country backward. it is clearly not, you know what the ukrainian people are feeling. they are feeling actual aggression, actual bombs, but this is definitely a living -- a standard of living declining dramatically for russian citizens, long lines for the atms, capital controls on their money, things are not going to be able to import, shipping companies won't take orders to ship things there. you can't use your apple pay on the subway anymore in moscow. russian citizens are feeling what corporate america and the corporat

would -- many of them were symbols of liberation and freedom, levi's and starbucks and mcdonald's and pepsicoand coke, that people in russia, in 1990 on ward thought these were linked from the east and the west and pulling us together and a world of harmony that world sadly is gone. but we don't know what the ripple effect is going to be of these expropriation threats. but it could make -- it will probably make them even just more of a pa ryea and even china despite equivocating public statements has refused to send credit in to any of these establishments in russia. >> we have seen companies take stand like this before. and you have been involved in these when it comes to voting rights or to gun control. but the scope of the companies involved and mix of the companies, as you mentioned is really something different here. why was it so different this time around? what made the difference? >> the scope and speed is remarkable. you can see all the national surveys that 75%, 80% of the american public want these companies to do this and want us all to do more that there's no gray area, a lot of

american icons coca-cola, pepsico, starbucks, mcdonald's said they would suspend operations in russiamcdonald's has more than 800 locations and employs tens of thousands of russians. meantime, leaders of u.s. intelligence agencies said today they believe president putin underestimated the strength of ukraine's resistance before launching the invasion nearly two weeks ago. they spoke during a congressional hearing on global threats to u.s. security. but director of national intelligence avril haines added that, despite russian setbacks, putin may intensify his assault. dr. hanes: our analysts assess that putin is unlikely to be deterred by such setbacks, and instead may escalate, essentially doubling down to achieve ukrainian disarmament and neutrality, to prevent it from further integrating with the u.s. and nato, if it doesn't reach some diplomatic negotiation. judy: meantime, the war in ukraine continues at a brutal pace. the united nations' human rights agency said today that it has recorded 474 civilian deaths in the conflict, including 29 children. they believe the real toll is m

the 28th pepsico which produces the says that the cans were not properly sealed and that could lead toerage boylan sooner than the expiration date because they contain milk. anyone who has some of this advice to throw them out or return them to the place of purchase for a refund. >> coming up in game cardinal go down to the final second in their first-round pac, 12 tournament game sports director jason >> a major honor for someone dear to us. the security guard who was killed last year while protecting a kron. 4 journalists. he just posthumously receive the radio television digital news foundation, citation of courage award kevin nishita was one of 10 people being honored today at the group's 31st. annual first amendment awards being held in washington, dc kron four's justine waltman takes us to the ceremony were kevin's widow accepted the award? >> kevin went above and beyond as a security guard for the bay area. the news, chris kevin nishita is being remembered in our nation's capital for giving his life protecting the first amendment. >> the radio television digital news foundation

included in that list, coca-cola, and pepsico, with that pressure, saying stop buying pepsi.ussia. and unilever. we're watching the big food companies, that's major. some of them are leaving things like baby formula and operating in russia because it's seen as too far to withdraw there. >> you're certainly right to underscore the importance of symbolism of mcdonald's leaving, it was such a significant moment when it did open up in moscow many decades ago. cnbc's rosanna lockwood, live from london. >>> still ahead, we'll look at how those rising gas prices can impact midterm elections. republicans putting the burden on president biden, despite the oil, knowing it will send prices high. we'll ask about this and what democrats can do about it, next, on "way too early." so you can enjoy it even if you're sensitive to dairy. so anyone who says lactaid isn't real milk is also saying mabel here isn't a real cow. and she really hates that. my asthma felt anything but normal. ♪♪ it was time for a nunormal with nucala. nucala is a once monthly add-on treatment for severe eosinophilic a

pepsico, the parent company of gatorade, telling media outlets the new bottle is easier to grab and acompany of charmin, telling "gma" that it has seen substantial year over year increases of commodity costs. we're pairing those price increases with innovation wherever possible to continue to deliver great value. >> rather than explicitly changing a price, the producer or seller will change the size or quantity that they're selling. effectively it's a price increase even though the price that you observe might not be changing. >> so to watch out for this, experts recommend checking the unit price, that's the price per ounce or per pound and so on that could help you figure out whether you're paying more for the same product and how to get the best deal. coming up here, our "play of the day." stay with us. day." stay with us. people everywhere living with type 2 diabetes are waking up to what's possible... with rybelsus®. the majority of people taking rybelsus® lowered their blood sugar and reached an a1c of less than 7. rybelsus® isn't for people with type 1 diabetes. don't take rybel

pepsico adding themselves to the growing list shortly after that, suspending sales as well as promotionalessure on social media came in the form of hashtags calling for customers to boycott various brands, starbucks and mcdonald's included retail experts say this forced companies to act now rather than wait for the social outcry to blow over. >> you know, there was a time in the past when you could just ride things out. but that is not what your customer allows you to do today. the customer wants you to take a stand. >> now, on the other hand experts say this has been a tough decision for companies weighing what this could mean for their business interests in the long term. >> the administration you're dealing with is still going to be there so i think you're going to be damaging yourself as far as growth in russia or maybe even operating in russia for a long time if you go ahead and pull out. and i'm sure that's why they're all going through this whole process of wow, what's the right thing to do? does our customer really care about? >> for now it seems companies are doing what they can

pepsico, coca-cola, mcdonald's, and starbucks are pulling their businesses there pepsi will continueelling baby food, baby milk. mcdonald's will close its restaurants. this is a big deal these are some of the holdouts because it means more to the companies' bottom leans. for pepsi, it's 4% of its business in russia coca-cola makes up 1% to 2%. there's 850 mcdonald's restaurants in russia, and most are company owned rather than franchisees. you had other companies that were franchisees, they're not taking as big of a hit these were some of the holdouts. >> the expression, dragged kicking and screaming comes to mind you had to call them out i don't like the expression that the united states will finally do the right thing after it's exhausted everything else. >> winston churchill. >> but i was also reminded of that do the right thing. >> it's been 14 days since russia invaded ukraine. >> then i think, you know, the russian people, i don't know they signed on for all this. they've got this autocrat. so now they can't -- >> creptocrat. >> mcdonald's, that seems harsh. nor pepsi or cola.

our members include companies like the coca-cola company, hearing doctor pepper, pepsico, they put their fierce competition side to focus their time, resources and passion to solving these important challenges together. and we are so proud of what we are accomplishing. so communities are stronger when consumers have more choices and more information to support their efforts to find a balance for themselves and their families. this is especially true, as consumers make choices around health. our balance calories it initiative is a landmark commitment to reduce the circuit that americans consume from beverages, and we are now halfway toward our goal. since we made the commitment, beverage calories consumed per person have dropped 10%. that's real impact. but i'm not done! today's consumers have more choices with less sugar and smaller proportions than ever before. just think about what your grocery store aisles look like now. our industry is innovating. we've reformulated are beverages to contain less sugar, we've developed more zero sugar options from flavored sparkling water to zero calo

pepper, pepsico. they put their fierce competition aside to focus their time, resources and passion to solving these important challenges together. we are so proud of what we're accomplishing. communities are stronger when consumers have more choices and more information to support their efforts to find balance for themselves and their families. this is especially true as consumers make choices around health. our balance calories initiative is landmark initiative to reduce the sugar that americans consume from beverages. we are halfway toward our goal. since we made the commitment, beverage calories today's consumers have more choices with less sugar and smaller portions than ever before. think about what your grocery store aisles look like now. we have reformulated our beverages to contain less sugar, developed more zero sugar options from flavored sparkling waters to zero calorie sports drinks, zero sugar soft drinks and more. and we're encouraging consumers to try these options through our marketin

we've hired someone with extensive brand management experience, pepsico, frito lay and hostess brandshis effort for us. i expect it will do a number of things in the popcorn front all in 2022. number one, to go containers and pick up containers for people who want to come to our theaters and take some of our food home and enjoy it while watching big-screen tvs at home second, we are going to sign up most likely with uber eats to deliver movie theater popcorn, amc perfectly popped popcorn, movie theater popcorn to homes around the united states near our theaters and third, actually going to open up kiosks in consumer malls and other locations where we'll freshly pop popcorn at, you know, counters just like in our movie theaters now, and finally i'm targeting, let's say, september-ish of 2022, we expect to be on grocery store shelves, on convenience store shelves, possibly other food venues around the country we are going into the popcorn business and we expect to be successful >> adam, thanks for the update appreciate it, and may i say i also would like to see the movie and glad you're

. >>> mcdonald's, starbucks, pepsico announced yesterday they're joining companies pulling out of russiaee you good. >> good morning, carl. >> a couple different issues to address, one is the simple russia exposure. maybe we can talk about overall inflation and what that might mean for margins mcdonald's russia, some said it was historic going in, it's historic going out. >> it was company owned, like 86% company owned in that market, so something like 2.5% to 3% of their proof goes away if it's permanently closed i think the market is assuming that's going to be the case. it's unfortunate that mcdonald's had such a strong marked and it happened to be in russia from here, of course, i think the concern is europe in general will slow. that's supposed to be a big recovery market for mcdonald's does that dynamic spread to ot other players as well? >> you have the yum brands, they have 3% of their profits from russia as well domino's about 1%, mondoleze, about 2% these are not given numbers, but given the market, it seems like a lot is baked in. the fast-food names have underperformed by som

>> we can add pepsico to the mix. i think it kind of encapsulates what we've been seeing.one company's done this, other companies in the sector have followed suit. going back to the beginning, it started with a lot of people in this world who deal with sanctions that it was the energy companies that come first. bp decided to unwind its stake in the russian oil giant and you had other companies following suit. so many brands have now done this. the self-sanctioning. they don't have to do this, but they are, and it's in part a moral stand. on the other hand, it's sound business as well. they're recognizing for a lot of them. the names you just mentioned, when mcdonald's came to moscow in 1990, it was a huge deal. people lined up when that first restaurant opened. this is a signal moment and i think it reenforces what we were talking about. the picture the administration wants to paint here, this unified front and corporations by doing this are recognizing this themselves and underscoring the point the administration's making that this is wrong and we need to be doing what we

have been on this all day long here on cnbc and all show long pepsi, who we have been waiting for, pepsico announcement through a memo from their ceo, who sends a note to associates saying they are going to, given the horrific events happening in ukraine, we're announcing the suspension of sale of pepsi cola and our brands in russia also suspending capital investments in all advertising and promotional activities in russia the ceo does note daily essentials like milk and other dairy offerings, baby formula and baby food will continue to be sold to the russian people, and just to underscore how difficult some of these decisions are for some of these multinational companies, in the memo, it says they have 20,000 russian associates and 40,000 russian agriculture workers in the supply chain, as they face significant challenges and uncertainty ahead. clearly a statement when it comes to suspending sale of pepsi cola in russia it's a market they entered at the height of the cold war to create common ground between the u.s. and soviet union. and coca-cola came out and suspended all business, that

starbucks, pepsico and coca-cola also among the companies that have said they are pulling out sales ofheir products. t.j. >> rebecca, thank you as always. robin. >>> now reaction from the kremlin about all this and a look at the mood inside russia. as the war in ukraine escalates. eva pilgrim is live in london with the latest. good morning, eva. >> reporter: good morning, robin. yeah, putin firing back on this oil ban announcing that russia will now ban the export of certain commodities and raw materials although he didn't say what and what countries would be affected. this as a new poll finding only 58% of russians support the military conflict in ukraine. that's not a good starting point for putin and much lower than approval for his prior actions in chechnya and crimea. now support is especially low among young adults. this poll was conducted by independent survey research organizations in russia which we have vetted. they've asked not to be identified given the political situation there. and the kremlin massively censuring the information available as dissent grows, and the cia dir

companies exiting business operations in russia continues to grow, mcdonald's, coca-cola, starbucks, pepsicoearing like hashtag boycott mcdonald's, hashtag boycott coca-cola put pressure. some companies are still operating in russia. hyatt did release a statement that they're, quote, heart-broken over the devastation unfolding in ukraine. they operate five hotels in russia. they're planning to open up a sixth. well, there is a new iphone se in town. the next generation iphone will offer ultra fast connectivity, thanks to 5g and a faster processor, it's going to cost under $500. apple also unveiling an updated ipad air yesterday, the tech giant announcing a deal to broadcast major league baseball games on apple tv. on friday nights. apple is higher in the premarket, up about 2% finally, you may have noticed less to squeeze in the package charmin toilet paper. the size of toilet paper rolls are shrinking. they removed sheets after announcing plans to raise prices of various products. experts say over the past 60 years, a single roll of charmin has shrunk by 90%. prices keep going up, though. t

and-a-half percent, the plant based meat company unveiling the latest plant based product, beyond meat and pepsico joint venture announcing plant based jerky. the ceo says new product launches usually boost retail sales. let's look at the rest of the market. we are seeing gains underway, futures indicating a gain at the start of trading this morning after a volatile couple of weeks. futures indicating a gain of 125 on the dow, nasdaq up 84 right now, oil prices of course have been volatile and have been elevated. crude yesterday jumped to its highest price since march 8th, right now the price of crude is at 114, 49, down a third of a percent. brent is lower by a fraction at 121, 39. join ming now is core-car joining me now is cornerstone wealth managing partner, jeff carbone, also joining me all morning long, steve forbes and monica crowley. thank you for being here. jeff, your thoughts on allocating capital today, that big rally in the nasdaq last week, 8%, wondering if you felt that was a pivot back to growth or was that just a bounce in the middle of a volatile period here? what are your though

pepsico, coca-cola, mcdonald's and starbucks announced yesterday they have suspended business in russiatreat matters in russia today just as it mattered in 1986 south africa" and professor sonnenfeld joins us. this has happened relatively quickly over the last several weeks, major companies around the world, the biggest companies in the united states cutting ties with russia. what's the practical impact. >> it's enormous. bishop tutu how important it was to marry sanctions. we had 200 companies led by general motors back there in the late 1980s that pulled out of south africa, and that was a very powerful strangle hold. in this case, it's very important both for symbolic reasons, luxury brands and critical technologies, and things, but it also is major employers. it's a massive impact on the economy. and that's really what we want to do here, but we want to create some hardship on the general economy as putin survives not just as a tyrannical bloody autocrat but also the totalitarian aura, he can paralyze the civil sector, like gandhi did and the revolution against romania and east germ

latest companies to declare an end to russian operations, amazon, john deere, 3m, hyatt, hilton, pepsicoere are long lines at mcdonald's drive-throughs in russia. they will be pulling out of russia. after a miserable day of snow, sleet and winds disrupted the evening commute in the northeast, get ready for a winter storm forming out west, expected to move east by the weekend. forecasters predicting the latest wintery mix will bring fresh snow to the rockies, the plains, a portion of the southern part of the country. it could become a bomb cyclone, that will hit the east coast with snow, high winds, bombo genesis is the term. you can download the fox weather app or go to foxweather.com. maria. maria: thank you so much. americans are watching record high gasoline prices but president biden's energy secretary, she's got nothing to say right now. watch. >> is there any talk about bringing iran back to the table because of gas prices. >> and what's your name? >> andrew. >> murray. >> from fox news digital. [laughter] maria: no word as we watch oil prices at record highs. congresswoman and gre