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The Fox News Rundown

Business Rundown: What the Venezuela Raid Means—and Doesn’t Mean—for Gas Prices

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.41.7K Ratings

🗓️ 5 January 2026

⏱️ 20 minutes

🧾️ Download transcript

Summary

Venezuela’s embattled leader, Nicolás Maduro, is in a New York City courtroom today—facing charges that include narco-terrorism and conspiracy to import cocaine. This weekend’s bold operation in Venezuela has major geopolitical implications but could also impact oil supply abroad. While oil prices have seen some movement since news broke Saturday morning, energy stocks are rising as investors bet U.S. companies could eventually gain access to Venezuela’s massive oil reserves. All of this comes as we kick off a new year and a new month—one that could bring a significant announcement from President Trump on his next pick for Federal Reserve chair… along with a potential Supreme Court ruling on the president’s tariffs. Kenny Polcari, the Chief Market Strategist at SlateStone Wealth, joins FOX Business' Lydia Hu to discuss how investors are reacting to the news out of Venezuela. Plus, he lays out his expectations for this week and 2026. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

I'm Lydia Who, and this is the Fox Business Rundown.

0:08.7

Monday, January 5th, 2026.

0:12.5

It's back to work for many Americans, and that means back to business.

0:17.6

We're previewing the week ahead, the year ahead,

0:23.5

and how this past weekend's stunning developments in Venezuela could impact energy prices. While there's excitement today, and I think the

0:30.8

excitement is justified, but be careful, right? Because it's just the first day. There's going to be a lot

0:35.7

coming out over the next couple of days and weeks about where this is headed. Venezuela's embattled leader, Nicholas Maduro,

0:43.0

is in a New York City courtroom today facing charges that include narco-terrorism and conspiracy to

0:50.0

import cocaine. This weekend's bold operation in Venezuela have major geopolitical implications,

0:57.1

but could also impact oil supply abroad. While oil prices have seen some movement since news

1:04.0

broke Saturday morning, energy stocks are rising as investors bet U.S. companies could

1:09.7

eventually gain access to Venezuela's massive oil

1:12.8

reserves. All of this comes as we kick off a new year and a new month, one that could bring

1:18.5

a significant announcement from President Trump on his next pick for Federal Reserve Chair,

1:24.2

along with a potential Supreme Court ruling on the president's tariffs.

1:28.6

To help us break it all down and look ahead to the coming week and year, let's bring in

1:33.5

Kenny Polkari.

1:34.9

I don't think it's going to have a positive or negative impact.

1:37.7

Kenny Polkari is the chief market strategist at Slate Stone Wealth.

1:41.5

I think the current oil dynamics story that we've been talking about

1:45.4

remains. As a supply glut going into 2026, we've got oil coming out of Saudi Arabia,

1:50.7

we're all coming out of the OPEC nations. We've got record supply here in the United States.

...

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