CNBC Business News Update - Market Close: Stocks Higher, Dow Record High, Bank Stocks Soar, US Oil Companies Don't Plan to Enter Venezuela Any Time Soon 1/5/26

Episode Date: January 5, 2026

From Wall Street to Main Street, the latest on the markets and what it means for your money. Updated regularly on weekdays, featuring CNBC expert analysis and sound from top business newsmakers. Anchored and reported by CNBC's Jessica Ettinger. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

I'm Jessica Eddinger, CNBC. Wall Street opens Tuesday morning after a stock rally to start the first full week of trading for 2026. The Dow hit a fresh all-time high on Monday, touching 49,000 intraday, but pulling back at the close. It was up 594 points, 1 and a quarter percent Chevron shares led it higher. They were up 5 percent Monday. The S&P 500 Index added 43 points, the NASA. stack added 160 points. I mean, new highs are never bearish.

In general, most stocks up today, banks are very strong. CNBC's Mike Santoli. Companies who shares hit fresh all-time highs on Monday include the banks. Goldman Sachs and Charles Schwab, Morgan Stanley, Capital One Bank of America, J.P. Morgan, plus both United and Delta Airlines. Bitcoin bounced back to 94,000 Monday, its highest since November. Metals were higher to gold, super. silver platinum. Osted Venezuelan leader Nicholas Maduro pleaded not guilty to drug trafficking

charges. In federal court in New York, President Donald Trump floated a plan for U.S. oil companies to help rebuild Venezuela's oil industry. Venezuela is sitting on the biggest oil reserves of any country in the U.S. But it turns out American oil companies tell CNBC they don't have any plans to go into Venezuela anytime soon. This concept going around that suddenly Exxon is going to show up or Conoco Philips is going to show up in Venezuela tomorrow is simply not true. We're talking about a country that would require, if not a decade, close to it, tens of billions of dollars of investment. And if it does begin, it will begin with the Schlumberzeze, the Halliburton and the Baker Hughes of the world, because to build out any extra oil output,

you first need to modernize and invest in the infrastructure of oil. Who pays for it? And that security guaranteed, if you're going to bring down a couple hundred or a couple thousand American or Western nation workers to go down and improve this, you better darn well make sure that they are safe. They have housing and Venezuela right now and probably for months or years to come is not a nation that anybody is going to describe as stable. That's CNBC energy reporter Brian Sullivan. There are reports that U.S. oil executives could meet with White House officials at an energy meeting later this week. in Miami. The starter dose of the daily Wagovi pill, GLP1 weight loss drug, is officially on the market in the U.S. at pharmacies like Costco and CVS and many more. But this oral GOP, I mean, the data here is pretty extraordinary at a lower cost here.

You also have an effective therapy. Lilly is expected to release the oral GOP sometime in 2026, so the two will be battling it out. It looks like the data on Nova and Lilly is pretty comparable here. So the two will have to be duking it out when it comes to price point more so than efficacy. That's Dr. Vin Gupta on CNBC. The Novo Nordisk semaglutide pill starts at $150 a month. It is a daily pill. A pill version of Eli Lilly's terseptide zeppbound will be decided on by the FDA later on this year.

More than a third of Americans racked up holiday debt this season. Lending Tree says debt per household hit more than 20. $1,200 up from $1,100 last year, the highest level in three years. On Tuesday's watch list, the services PMI data will be out, and it's the fifth anniversary of the deadly attack on the U.S. Capitol. Jessica Ettinger, CNBC. CNBC, live ambitiously.