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March 3rd, 2014
08:24 PM ET
Crisis in Ukraine sends world financial markets into tailspin
World financial markets fell sharply as the crisis in Ukraine escalated.
The Dow Jones Industrial Average dropped 153 points, oil prices spiked by nearly $2 a barrel and the ruble plunged.
The already weak Russian currency fell as much as 3% versus the U.S. dollar before posting a small recovery. Joining us tonight to talk about why the markets are tumbling is Peter Costa, President of Empire Executions.
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