Financial expert Kelly Brothers talks about impacts from war in Ukraine

PAST. SOME OF THE BIGGEST CYBER-ATTACKS AGAINST U.S. INFRASTRUCTURE IN THE LAST TWO YEARS HAVE BEEN LINKED TO SUSPECTED RUSSIAN HACKERS. BRIAN: STOCKS TUMBLED AS PRESIC SURGED FORIL O, WHEAT AND OTHER COMMODITIES ON WORRIES THE CONFLICT WOULD DISRUPT GLOBAL SUPPLIES. DID -- THINGS DID REVERSE LATER IN THE DAY. LISA: FINANCIAL EXPERT KELLY BROTHERS JOINS US NOW. WHY IS THAT? AND WHAT COULD INVESTORS EXPECT IN THE COMING DA?YS >> HARD TO TELL WHERE THIS IS GOING, NO DOUBT ABOUT IT. THERE’S AN OLD ADAGE ON WALL STREET THAT YOU BUY IN THE ROOM AND SELL ON THE NEWS. SELLING ON THE RUMOR OF WAR AND BUYING WHAT ACTUALLY HAPPENED, WE SAW AN INCREDIBLE TURNAROUND TODAY. LOOK AT THE FINAL NUMBERS. THAT IS NOT THE WAY IT LOOKED THIS MORNING. AT ONEOI PNT, THE DOW WAS DOWN NEARLY 900 POINTS. THEN BUYERS CAME BACK IN. WE WERE AT A POINT WHERE THE NASDAQAS W DOWN 20% FROM A PRIOR HIGH. THE SMP DOWN ABOUT 12. A LOT OF THIS WAS PRICED AND EVEN THOUGH WE DON’T HAVE ANY CLARITY AS TO WHERE THIS ESGO FROM HERE. BRIAN: WE ARE SEEING INVESTMENT PORTFOLIOS TAKE A BIG HEAD AND OIL PRICES SKY HIGH. WHAT IS THE CONCERN ABOUT PUTIN WEAPONIZING OIL? >>>> THERE’S A LOT OF ENERGY THAT COMES OUT OF RUSSIA OBVIOUSLY. YOU TAKE A LOOK AT WHAT HAPPENED TODAY, IT WAS BRENT CRUDE, WHICH COMES FROM THE NORTH ATLANTIC ABOVE THE UNITED KINGDOM, DENMARK AND THE BALTIC AREA. ATTH HIT $100 A BARREL FOR THE FIRST TIME IN EIGHT YEARS. SO THERE HAS BEEN THIS FEAR THAT IF THERES I TENSION, IF THERE IS WAR BETWEEN UKRAINE AND RUSSIA, THAT WILL IMPACT MAY BE NOT JUST OIL SUPPLIES AND OIL PRODUCTION, BUT WILL THE U.S. STOP BUYING RUSSIAN OIL? WILL OTHER COUNTRIES ESPECIAYLL IN EUROPE AND GERMANY STOP BUYING RUSSIAN OIL AS PART OF THE SANCTIONS THAT ARE PUT IN PLACE? STILL NOT CLEAR BECAUSE OBVIOUSLY THESE COUNTRIES NEED OIL, BUT RUSSIA NEEDS THE DOLLARS OR OTHER CURRENCY EVEN MORE. THE BOTTOM LINE IS, FOR FOLKS IN CALIFORNIA, WE ARE ALREADY SEEING MORE THAN FIVE DOLLARS FOR A GALLON OF GAS. YOU TAKEUR O TAXES AT THE SUMMER BLEND COMINGN I QUICKLY, THAT PUMPS THE PRICE A LITTLEIT B, AND THIS GEOPOLITICAL SITUAONTI, IT WOULD NOT BE UNUSUAL TO THINK OF SIX DOLLARS OR EVEN SEVEN DOLLARS A GALLON. LI:SA WE EVEN HAVE THAT TO LOOK FORWARD TO. RUSSIA AND UKRAINERE A LARGE SUPPLIERS OF AGRICULTURAL COMMODITIES. COULD THAT DISRUPT SUPPLY CHAINS AND SEND FOOD PRICES HIGHER? >> ABSOLUTELY IT COULD. IF YOU LKOO AT OVERALL PRODUCTION OF WHEAT AND OTHER GRAINS, NEARLY ONE THIRD OF IT IN THE ENTEIR WORLD COMES OUT OF RUSSIA AND THE UKRAINE COMBINED. WHAT DISRUPTION IS THERE? WE DON’T KNOW YET. TO THE EXTENT IT IS DISRUPTED, WHAT DOES IT MEAN? IT COULD BE GOOD NEWS FOR AMERICAN FARMERS AND PRODUCERS. IF SOME PRODUCERS THAT USED TO GET RUSSIAN WHEAT CAN GET IT BECAUSOFE SANCTIONS, WHERE WILL THEY GET IT? MAYBE THE U.S. HOWEVER FOR THE CONSUMER, THAT COULD MEAN HIGHER PRICES BECAUSE IF THE SUPPLIES CONSTRICTED, THE DEMAND WILL BE THE SAME AND PUSH UP PRICE