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Further invading ukraine. we've heard from many analysts they don't believe that they will, but they're working to bring back the markets from the brink. >> so let's bring in cnn's nmat egan. how is this affecting markets today? >> markets have been on a roller coaster ride. within minutes we saw stock futures tumble and ole prices spike. but they both reversed. the dow is actually up 100 points. it's basically closing about 1,000 points higher than its worst point of the day. >> is that after president biden's speech? >> the market had been coming back throughout the day. the markets are near...

Stock market rebound. one interesting point here is that russia has really amassed a lot of cash. they have basically doubled their international reserves since 2014 to nearly $650 billion. that gives them some leeway to ride out this storm. it means they're not as reliant on borrowing in dollars or euros. it means that they could come to the rescue and prop up their currency and their stock market. so there's a lot at play here, but it's been a wild day in the stock market and it's ending the day basically at session highs in the united states. >> okay. matt egan, thank you very much. so ma...

Euro Soars, Gold Drops, Crude Oil Slammed on Russia-Ukraine Latest

US Services PMI data came in below expectations, following yesterday's robust manufacturing PMI print.

First to show you where reaction is on the dow. we're hanging around. we were momentarily at session highs, come off a little as people are selling off in the last few minutes. breaking news is that president trump has just announced a preliminary deal with china in the ongoing trade war. new developments come as the united states was set to enact new tariffs on china next tuesday. i want to proceed with caution. the president had been touting some kind of announcement the last couple of days on twitter. i bring my friend hans nichols who you know as an expert on all things political and milit...