Crude Prices Surge, Pres. Biden and a Ban on Russian Oil Imports, Companies Feeling Pressure to Stop Doing Business in Russia, and What to Make of the "Treacherous" Markets.

Carl Quintanilla, David Faber and Mike Santoli led the show with news that sparked a surge in crude oil prices: President Biden set to announce a U.S. ban on Russian oil and gas exports. The anchors took a closer look at the latest companies to take actions against Russia because of its invasion of Ukraine, including Shell, Yum Brands and Estee Lauder. Snap-On CEO Nick Pinchuk appeared on the program to discuss supply chain challenges for U.S. companies. Also on the show: A report from on the ground in Ukraine, Google buys cybersecurity firm Mandiant for $5.4 billion, stock winners and losers, plus why the markets have been -- in the words of one of the anchors -- "so treacherous."