Julia is in Davos for the first-ever springtime meeting of the World Economic Forum, and the first in-person WEC since the pandemic began. The key items on the agenda include the war in Ukraine, the global recessionary threat, worsening food shortages, and the Covid-19 pandemic. First Move will have it all covered for you this week, beginning with today's episode.

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President Joe Biden is in South Korea, kicking off his first trip to Asia since taking office. He joined the new South Korean President Yoon Seok-youl at a Samsung semiconductor plant. The main goal of his trip is to reassure America's Asian allies of its commitment to counter and contain China. The President is also bracing for the possibility of a nuclear test by North Korea. Our coverage begins with CNN's Paula Hancocks in Seoul. 

Also in today's show: Rising recession fears -- how great is the risk?

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As today's show began, US stock futures pointed to deeper losses a day after a major selloff on Wall Street -- the biggest one-day decline since June 2020. Investors are increasingly worried about rising inflation -- and a possible recession -- after dire earnings reports from giants like Walmart and Target. CNN's Chief Business Correspondent Christine Romans explains what's going on and what we can expect moving forward.

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A new report from Human Rights Watch details numerous alleged crimes by Russian forces against civilians in northern Ukraine. Among them are 22 apparent summary executions and nine other unlawful killings. Meantime, in Kyiv, the first Russian war crimes trial since Moscow's invasion has begun. A 21-year-old Russian soldier accused of killing a 62-year-old man has pleaded guilty. CNN's Melissa Bell begins today's show from outside the courthouse.  

Also: Finland and Sweden officially apply to join NATO.

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Russia continues artillery attacks across northeast Ukraine, targeting border villages. Why Putin's invaders chose this strategy isn't clear. Meanwhile, Ukraine says its combat mission in Mariupol is over, with commanders at the massive Azovstal plant ordered to save the lives of their personnel. More than 260 people left the plant Monday, but some Ukrainian forces remain there, and efforts are underway to get them out. CNN correspondent Melissa Bell begins today's coverage in Lviv.

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A Ukrainian unit says it has reached the Russian border and put down a blue and yellow stake with the message, "Mister President, we made it." As Russian forces are repelled near Kharkiv, Moscow is ramping up attacks in other areas. Today's show begins with a live report from Lviv, followed by live coverage of Sweden's Prime Minister announcing her country is pushing forward for NATO membership.

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Billionaire CEO Elon Musk announces his $44 billion deal to take Twitter private is now "on hold," then just hours later tweets he's not ready to walk away just yet. Twitter shareholders react negatively to the news as shares initially fall more than 20% before bouncing back a bit. What's Musk's endgame? Is he angling for a better price during this volatile time for tech?

Also in today's show: Israeli police use batons against mourners at a Jerusalem funeral; Russian forces pullback from Kharkiv.

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In today's show we take an in-depth look at the continued weakness in global financial markets, particularly the highly valued US tech stocks which were hammered in Wednesday's session. It's a massive repricing of risk as investors are slashing expectations of profitability in a world of slower growth and rising inflation. 

Also in this episode of First Move: the latest from Ukraine, including more accusations of Russian war crimes. And, Finland moves closer to joining NATO.

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Ukraine says its troops have recaptured several areas near Kharkiv, and a video shows signs of a chaotic Russian retreat.  According to President Zelensky, "The occupiers are gradually being pushed away from Kharkiv." Meanwhile, a top US intelligence specialist says Vladimir Putin is preparing for prolonged war in Ukraine and that Russian failures could usher in a dangerous new phase. And President Biden has urged Congress to act fast to pass a $40 billion aid package to help shore up Ukraine's defenses and address humanitarian needs. Our coverage begins with CNN's Scott McLean reporting from Lviv. 

Also in today's show: We take a close look at brand new inflation figures.

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Prior to Russia's invasion, Ukraine was the world's fourth largest exporter of maize. But with the country's ports at a standstill and a Russian blockade enforced, President Zelensky urges the international community to step in to prevent a global food crisis. "This is not just a strike at Ukraine," he says. "Without our agrarian exports, dozens of countries in various regions of the world have found themselves on the brink of a food deficit." 

Also in today's show: we explore the stunning, nerve-rattling volatility in the global stock markets, and why fears over the US economy in particular are proving to be kryptonite to crypto.

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