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Everything changed. rocketed higher after plummeting big time earlier in the morning. the stock market obviously made a big reversal. oil, oil was over $100 a barrel only closed up like a buck maybe. here is what really moved. global markets are down, including russia s market which was down 45% at the start of trading it finished down 33%. the difference there, after 2:00 it rallied almost 18 percent. and a lot of it gets back to the fact that these sanctions weren t as tough on some of the key components, obviously nothing on oil, take a look at platinum. a key russian export down 4.4%. played dumb i m sorry, up 9%. down 3%. because these sanctions weren t nearly as biting as some people thought they could be. we saw a major reversals across the board. bret: i only have a few seconds here, charles. ....
That the president needs to go further. remember, at this hour, putin is still insisting this is not an ininsisting he sent in peace keeping troops, insisting he is not planning to occupy ukraine really all can you say to that if you believe him then i guess i m santa claus. bret: communication on talking about sanctions and what they are meant to do and how they have been talked about. some confusion, take a listen. we said all along that these are going to be crippling sanctions. if you pull the trigger on deterrent it doesn t exist anymore as a deterrent. purpose of the sanctions has always been and continues to be deterrence. no one expected the sanctions to prevent anything from happening. bret: clean-up is the definition of a deterrent, harold ford. well, first, thanks for having me on. i think a couple of things. one, i don t know what the president knows, but i trust that he knows a lot more than me ....
Authoritarians anxious to get on offense. bret: what about where we are right now? let s bring in our panel national security correspondent jennifer griffin at the pentagon. harold ford jr., former tennessee congressman and gillian turner of fox news. former national security council staffer under presidents george w. bush and barack obama. gillian, let me start with you. you know, a lot of talk about the sanctions, should they have been pulled off swift, the financial system, it all comes down to what the european nations could agree to. and how long it would take them to get there. the common theme among pretty much everyone on both sides of the atlantic today, except if you work at the white house, is that this tranche of sanctions yesterday s tranche of sanctions would have been a lot more effective had they arrived weeks ago so that they could have served as a deterrent. ukraine s foreign minister sat here two nights ago, told you, bret, that very same thing democrat adam schi ....
I m concerned for my life, for the life of my family it s true i m on a list and one of the targets for the russians. if a ukrainian soldier is fighting this day in the trench, this hour in the trench and sacrifice his life, how can i not be with them, be with the people of ukraine doing my best on diplomatic fronts to help them succeed and to succeed again we need sanctions. toughest sanctions possible and we need more weapons to continue fighting. because the amount of heavy the amount of armored vehicles, airplanes, helicopters that russia threw on ukraine is unimaginable. we need more javelins. we need more systems like stinger to continue fighting in the best interest of the world. trust me, the world cannot allow russia to prevail in ukraine. if it does, then the we will wake up in a completely ....
What ham failed yesterday and the fact that we always knew sanctions weren t going to be a deterrent when that was the messaging all along that they would be a deterrent for this impatient? two weeks ago national security advisor sullivan said it was to deter and yesterday president biden said no one was under that impression. but i think a similar messaging in afghanistan where they are trying to backwards rationalize here the sanctions unveiled yesterday were good appear they should have been sanctions unveiled a week ago. i m frustrated they did not go far enough. these were not the sanctions that were promised, they did not include russia from the swift, global currency system. it did not involve direct sanctions as putin himself. we need to be merciless with the economic isolation of russia a vladimir putin of belarus, and especially of the all the guards that have enriched themselves off of putin. ....