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Good morning. Biden warns Putin, Netflix’s guidance disappoints, assets are selling off globally, and Bitcoin falls below $40,000. Here’s what’s moving markets.
President Joe Biden said Russia will “pay a heavy price” if any of its forces move across the border into Ukraine after earlier suggesting Western allies might struggle to react to a small-scale attack. A day before the top U.S. diplomat meets Russia’s foreign minister in Geneva, Biden said Thursday he has issued clear warnings to Russia’s President Vladimir Putin, who has amassed about 100,000 troops at the border with Ukraine despite denying any plans to attack.