Fast Money broke for President Obama announcing from the White House that the U.S. will be freezing assets for certain Russian defense companies as well as blocking financing for select energy and financial companies in Russia. The U.S. will continue to support Ukraine, while urging Russia to stop sending troops into the country and to support a cease fire.
Tim Seymour, managing partner of Triogem Asset Management, said it will be hard for Europe to put too much pressure on Russia, considering it gets 25% of its gas from the country. He added that these Russian companies' "ability to access capital outside of the United States is very high," although he commends the President for his decision and attempt.
Dan Nathan, co-founder and editor of riskreversal.com, suggested that German equities could take a hit due to this news.
Karen Finerman, president of Metropolitan Capital Advisors, proposed that Icahn team up with Ackman to get the Allergan and Valeant deal completed.
-- Written by Bret Kenwell in Petoskey, Mich.