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Operation in ukraine. but i will say over the past couple months, we have learned that we should judge what russia does rather than what it says. sometimes it says things that it will not do things and it does them. i am thinking about its decision to send troops over the border into ukraine in the first place. we will be watch tack may 9th victory parade closely. we will be there and bring you what vladimir putin says about the conflict. >> and mathew, how is the kremlin responding to the news the european union will ban all russian imports by the end of the year? >> reporter: well, he's not ...

Both central banks raise rates by 50bp in bid to “head off” rising inflation expectations

And it is historically bad. >> i think this clearly is genocide. europe needs to understand and grapple with the fact that you've got a genocidal campaign. the first kind of horrific genocidal campaign that we have seen, certainly in recent decades. >> you hear her say europe has to grapple. that's part of the message the european countries you noted -- germany and others -- russian gas, rushial oil, russian coal. a lot of them have said no more coal. some are debating oil. gas is the big moneymaker. is the united states, are they now on day 47, willing to take this fire to try to hurt putin a...

In our money lead, taking a trip soon in might want to double check that refund policy. as the omicron variant takes off, an increasing number of american travelers have been grounded since christmas. more than 30,000 u.s. flights have been canceled. norwegian cruise line has docked eight of its ships with royal caribbean powering down four others. cnn's pete muntean joins us now. how much of a hit is this variant, the omicron variant, for the travel industry? >> it shows how quickly things can change in the travel space in this new omicron era. this is what's happening for airlines. not only ...

We are dealing with the energy price increases, and the release of strategic reserves helped in that regard. and fourth, and this is really important, is that one of the key factors is the really big bump in the price of used cars which relates to the semico semiconductors, and a constraint, and bill that passed by 68 votes in the senate, and what get passed by 68 votes? it is the chips act, and it is something that congress needs to get to as quickly as possible according to the president, and something that he said this morning in a statement. >> despite the optimistic statement, the fed is ...