the crisis in ukraine is salt laking the global markets and is expected, rather, to exacerbate rising prices a key inflation indicator hit a 40-year high in january. the congress department announced yesterday that the index tracking consumer spending, including food and energy rose 6.1% over the past year, and experts are warning the conflict could punish energy and food prices even higher. let's go to scott cohn joining us from san jose, california. i got to tell you this headline does not sound good for consumers. >> not at all. president biden warned that the u.s. strategy would not be without pain at home. this is a visible example of this. here in california, $5 a gallon gas is common. and nationwide we're looking at