Exxon Skeptical About Venezuela, Iran Protests Escalate, More

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Monica Ricks 0:00

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Monica Ricks 0:42

That's Vanguard.com slash audio. All investing is subject to risk. Vanguard Marketing Corporation Distributor. News when you want it with Bloomberg News Now. I'm Monica Ricks. President Trump's trying to woo oil executives to invest in Venezuela, but not everyone's on board. ExxonMobil CEO Darren Woods was one of about 20 executives who met with the president at the White House yesterday, and he's skeptical.

Darren Woods 1:06

We've had our assets seized there twice, and so you can imagine to reenter a third time would require some pretty significant changes.

Monica Ricks 1:15

Trump has said oil companies will have total safety, but Energy Secretary Chris Wright tells Bloomberg U.S. troops aren't part of that plan.

Chris Wright 1:22

President Trump, of course, never rules out options, but that is definitely not in the plans. That is not the plan. The plan is to use the military power that's manning the blockade of the oil so we can stop the criminals and stop our adversaries from taking oil out of Venezuela and have a more orderly, safe process from what's going on.

Monica Ricks 1:42

Energy Secretary Chris Wright on Bloomberg's balance of power. He says oil production could be ramped up by the summer and companies could be pumping 3 million barrels of oil a day over the next 8 to 12 years. Ukraine's President Volodymyr Zelensky says he's discussing a potential free trade agreement with the U.S. aimed at helping Ukraine's recovery after its war with Russia. Zelensky says he wants to personally discuss specifics with President Trump just in case Russia renews aggressions. He's seeking something more concrete than mere promises. Iran's attorney general warns anyone participating in protests against his government will now be considered an enemy of God and face death penalty charges.

Monica Ricks 2:24

Arash Azizi is a contributing writer for The Atlantic and says Iran's opposition is emboldened by what's happened in Venezuela.

Arash Azizi 2:30

The fall of Maduro was important because the regime lost its most important global ally.

Monica Ricks 2:35

President Trump's promise to intervene if deadly clashes continue. At least 65 people have died. Protesters in Minneapolis made noise all night in hopes of driving ice out of the city following Renee Good's shooting death. Today, Democratic Senator Amy Klobuchar of Minnesota sent a message to protesters.

Amy Klobuchar 2:55

I feel like some things are being said to try to trigger us, and people should not take the bait. They should not take the bait. They should listen to Renee Good's wife's words, which is, you know, go with compassion, don't go with hate, don't take the bait here.

Monica Ricks 3:11

Klobuchar also says she's implored federal investigators to collaborate on the shooting investigation. So far, they've barred state and local officials from accessing evidence in the case. But White House officials linked new body cam video online. They say it shows the officer feared for his life and acted in self-defense. President Trump's calling for a one-year cap on credit card interest rates at 10% starting January 20th. The president didn't give many details but wrote on social media, the American public will no longer be ripped off by credit card companies that are charging interest rates of 20 to 30% or even more. It's not clear whether companies will respond or what actions Trump could take to force change.

Monica Ricks 3:54

A judge has ruled the Trump administration cannot stop child care subsidies.