it is wednesday, october 12th. i m christine romans. president biden says he believes russian president vladimir putin is rational. mr. biden said putin s objectives invading ukraine were irrational and a serious misjudgment. do you think putin is a rational actor? i think he is a rational actor who s miscalculated significantly. so if he s not rational no, i didn t say he s not rational. you said the speech. i think his speech, his objectives. i think he thought they would welcome him with open arms. this is home for mother russia and i think he totally miscalculated. cnn s jasmine wright is live in washington. what else did the president have to say about putin and ukraine? reporter: obviously the president warned of catastrophic mistakes and miscalculations. president putin continues to make these nuclear threats. as the u.s. grows more concerned while looking at the escalations happening in ukraine caused by russia. he warns of armageddon. take a look at
china. european markets up slightly. wall street stock index futures leaning positive today. fallout from the u.k. s fiscal crisis after they said pensions would slide into its second bear market year. gas prices holding steady overnight, same as yesterday. $3.92 a gallon. let s bring in laurie bettinger, president of bank alliance and the former director of t.a.r.p., the troubled asset relief program. nice to see you, laurie. let s talk about september s consumer price index.