CNBC Business News Update - Market Open: Stocks Higher, Venezuela To Give Oil To The US, Alaska Buys 100 Boeing Jets 1/7/26

Episode Date: January 7, 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 now all in the green for the major averages. Modest gains, but the Dow and the S&P 500 index opened at record highs and have set fresh records this morning. The Dow up 28 points. It's being led higher by shares of Amgen, the drug maker. It's up 3%. The S&P 500 index is up 12 points. The NASDAQ up 62 points. Shares of NVIDIA this morning up 8 tenths of a percent now.

computer chip makers have seen their shares soar. InVIDIA shares are higher, three-tenths of a percent higher out of the gate. On a global chip shortage, here's CNBC's Carl Kintanaia and David Faber with Mad Money host, Jim Kramer. I did hear yesterday someone used the term super cycle. We've had three super cycles in the last 15 years. Coal, fracking sand, and this. Be very careful. Yeah. Goldman yesterday, Desknot, said it feels to them like January of 99.

They went hot. I like that analysis. It would have been too early if you wanted to top it out. It was a great year. It was an unstoppable year. That was the Qualcomm 1,000. I just don't want people to get hurt. Those stocks have had a monster move.

And at this point, you have to wonder, do you really want to come in? You're paying as if this shortage is going to last forever. And they never last forever. President Trump says Venezuela will give up to 50 million barrels of oil to the United States to be sold at market price. and he will control the proceeds. I think it's great. I think it's a real truth. It's nice to know where we're at now

because this isn't about installing some form of democratic government in Venezuela. There isn't about a democratic process. They don't even want to talk to Machado. It's not about narco rings and extracting a cocaine ring, exporting ring to these states, because otherwise it would have been about Colombia

or it would have been about Mexico or it would have been about fentanyl coming from elsewhere. This is purely about the extraction of money and oil revenues from a third party. CNBC's Steve Sedgwick in London. Here's former Fed Governor Randall Krosner on CNBC. One first step, we have to see what the regime within Venezuela is going to do and how the U.S. is going to interact with that, how these things are going to develop.

I mean, it's very early on to be able to say anything definitive, but it's clear that it's about oil and that it's no surprise that the president has taken a quick step to try to move some of that heavy crude towards the U.S. Fewer jobs than expected were created in the U.S. in December, in the new numbers from payroll firm ADP at 41,000. The government's December employment report will be out this Friday morning. Basically, every sector that lost jobs in November lost fewer jobs in December, so that's kind of good news.

That's ADP economist Neela Richardson on CNBC. The strongest hiring in December was in health care. and hospitality. Alaska Airlines will buy more than 100 new Boeing jets. It's the airline's biggest order ever. Meantime, the pilot who safely landed his Alaska Airlines jet with a hole blown out the side says Boeing unfairly blamed him leading passengers to sue him. And now Captain Brandon Fisher is suing Boeing. He was hailed as a hero. The NTSB investigation found that a manufacturing problem led to that door plug blowout. The FAA even fined Boeing more than $3 million over safety violations after the door plug incident. Mr. Beasts Beast's Beast Games 2 starts today,

200 people competing for a $5 million grand prize with challenges. Amazon says season one was Prime Video's most watched unscripted show ever. Jessica Eddinger, CNBC. ambitiously.