Transcripts for CNN New Day With John Berman and Brianna Kei

CNN New Day With John Berman and Brianna Keilar February 22, 2022 11:37:00

>> russian troops on the move and so are global markets. asia shares closing down sharply. stock index futures bracing. this will be the first chance for u.s. investors to respond to a weakened of worsening russia headlines. putin's obsession with ukraine sent stocks tumbling last week. the dow alone lost more than 650 points last week. john, that's nearly 2%. the big reaction is in the oil markets. u.s. crude prices jumping more than 5%. global crude prices up to nearly 100 bucks a barrel. russia is the world's second producer of oil and natural gas. any supply disruption from fighting or sanctions would raise global energy prices. a direct impact on the u.s. also higher gas prices. and higher gas prices already here. seven-year high, the national average is more than 3.50 per gallon, up 20 cents in the past month. but it's not just at the pump. all energy costs will spike, home heating, electricity, airplane fuel and other business transportation costs and that will drive all consumer prices

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