Oil Jumps to 2011 Highs, Russia-Ukraine Tensions Escalate, Ford's Split Decision on EVs and Fed Chair Powell Heads to the Hill.

The morning after President Biden's State of the Union address, Carl Quintanilla, Jim Cramer and David Faber led off the show with a look at crude oil prices surging to 2011 highs in wake of sanctions against Russia. What's at stake for investors? The anchors reacted to President Biden's address, in which he said Russian counterpart Vladimir Putin "badly miscalculated" by attacking Ukraine. Carl, Jim and David also looked at Fed Chair Jerome Powell's take on inflation and rates ahead of his Capitol Hill testimony on the economy. Ford shares jumped on news it will run its electric vehicle and internal combustion units as separate entities within the automaker. Also in focus: What Salesforce Chair Marc Benioff told CNBC about his company's record results, Apple, Exxon Mobil and Boeing cut ties with Russia, Nordstrom shares soar on quarterly results, Citi's outlook and an interview with Nextdoor CEO Sarah Friar about her company’s first quarterly report as a public company. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.