approval for the nord stream 2 people line. the turmoil from putin s actions have helped push the dow lower today by more than 500 points. it s gone down 200 to 500 points every day there s been a negative headline from russia and ukraine. cnbc s international correspondent hadley gamble covers politics and energy. she joins me by phone as she makes her way to russia right now. we appreciate you taking a minute here. so, look, it s obvious, the price of oil is spiking, and we know what that means, rising energy prices, consumers will see costs at the pump. what are other ways americans may see a financial impact from these sanctions that we re about to levy? hey, chuck. thanks for having me. just to kind of walk you through what this is all about, it is, as you say, absolutely about the politics of energy, who produces them, and what economies are willing to pay to obtain them.
happening. tell us what s happening. it s a big selloff. it s across the board. let s start with the dow, down 670. s&p all down. the nasdaq composite also down dramatically, 221 points. behind us a lot of conversation about trade. trade with china. will we get a deal with china? that s a big question folks are asking. concerns about statements coming out of the white house. are there conflicts between some of the president s biggest advisers? that s the questions i m hearing here at the stock exchange. we re seeing stocks that rely on china really getting hit hard. for example, caterpillar. that is the stock leading the dow lower today and dramatically so. that s because lot of caterpillar sales of heavy equipment go right into china.
to you. just sit tight, okay? a taste while you were sleeping. let s check on cnn business. global markets mostly higher today. wall street closed lower driven by continued worry about the u.s.-china trade war. big companies warning the material costs are rising because of steel tariffs like caterpillar. the stock fell more than 7% yesterday, sending the dow lower. yesterday was insane. it dropped as much as 500 points, then closed down just 126. the nasdaq fell as did the s&p 500. the s&p 500 down for five days in a row now. the nintendo switch is getting into the education game. nintendo announced tuesday it is partnering with the nonprofit institute of play, introducing the switch and diy label kits to 100 elementary schools across the u.s. the goal, helping kids build critical skills in s.t.e.m. and education. the move aims to get the next generation of workers excited about new technology. look, i got these switches at my
investigation if rosenstein is fired or resigns? getting up this morning, the market was going to be positive. obviously, you were coming off a record week. right. strong week. a live look at the markets. dow lower after china canceled trade talks with the trump administration and lower with the news about rod rosenstein possibly being fired. we are off two thirds of a percent at the moment.