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act of aaggression. vladimir putin personal inspected russian military exercises and called for snap drills and surprise inspections throughout the region. the crisis in ukraine also being felt on markets around the world. mere abel aber is at the new york stock exchange. what's the reaction so far? >> hi, wolf. well, as you said, huge selloff on wall street. we knew before the open there was going to be a wave of selling. but it's gotten stronger as the day goes on. it's not just here in the u.s. markets in asia and europe plunged 1 to 3% overnight and commodities surging. oil, wheat, corn and gold. those are things generally considered safe for investments. no doubt about it, ukraine had big problems before today. a weak economy in need of financial bailout. but what was a financial problem has turned into an economic problem. so trade could be impacted because ukraine is a major wheat and corn producer. also, a lot of oil from russia