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Financial markets are calm because of or despite the Venezuela story.

I'm David Brancaccio in Los Angeles. Oil markets and financial

markets seem to be shrugging off the major geopolitical story out of the weekend, the one with

Caracas and Washington, D.C. in the headlines. Let's go right to economist Julia

Coronado, founder of macro policy perspectives. Good morning, Julia. Good morning. First of all, Venezuela. I'm looking at the VIX index of stock market volatility early today. It's hardly up. Crude oil traded in New York was low before the U.S. took Venezuela's leader out of Venezuela to detention in Brooklyn. The oil price is back to that same low as before. It's

essentially unchanged. What do you make of this? Right. There's, I think that probably investors are

looking at the situation and not seeing a dramatic change in in the state of affairs that could

alter global markets in a major way.

They don't see a major change. I mean, the leader has been swapped in the biggest oil producer in the world. The leader has been swapped. The acting government is led by his

vice president. The U.S. interests are obviously going to have a more important influence, and the U.S.

doesn't want to see higher oil prices. So, you know, at least for now, it doesn't look like a

major shift in the global economic order. Other big stories on our calendar for this coming week, economic data coming out at long last in some cases.

We have some surveys of people who do ordering at factories. We have a November survey of job openings.

...