Squawk on the Street
Stocks Rally and Oil Falls With Russia-Ukraine Conflict in Focus, McDonald’s and Starbucks Suspend Business in Russia and President Biden's Executive Order Sparks Crypto Surge
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Show notes
One day after a volatile session for the markets, Carl Quintanilla, David Faber and Mike Santoli discussed what to make of the stock market rallying on lower commodity prices and hopes for talks aimed at easing the Russia-Ukraine conflict. The anchors also explored what's next for McDonald's, Starbucks, Coca-Cola and PepsiCo -- they've joined the list of companies suspending aspects of their business in Russia. National Economic Council Director Brian Deese joined the program to discuss President Biden's executive order on digital assets, which sparked a rally in bitcoin and cryptocurrencies overall. Carl, David and Mike also interviewed him about the Russian oil import ban and the impact of rising gasoline prices on consumers. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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