Trump Denies Reports That He’s Planning Strikes on Venezuela

Oct 31, 2025

Guest

Dan Sheridan

Guest

Ellen Wald, an energy policy expert, discusses how potential U.S. strikes on Venezuela might have limited impact on global oil markets due to sanctions. Laura Martin dives into Netflix's strategic moves regarding Warner Bros. and how its stock split could engage more retail investors. Tom Forte provides insights on Amazon's strong AWS performance and discusses its heavy investments in AI. Finally, Dan Sheridan of Brooks Running talks about the running market's growth and how tariffs are shifting their supply chain strategies.

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INSIGHT

Venezuela Tension Moves Oil Prices

Venezuela strikes talk raised short-term oil price volatility despite sanctions limiting formal exports.
Markets reacted because any instability could disrupt the large sanctioned black-market flows that still influence prices.

INSIGHT

Conflicting Reports Breed Oil Uncertainty

Conflicting agency reports and OPEC statements create real confusion about global supply and demand.
That disagreement helps explain why oil prices remain muted despite complex sanctioned flows and uncertain demand.

INSIGHT

US Production Surprise Alters Outlook

Revised government data showing US production near 13.8 mb/d signals US output strength.
Higher-than-expected production suggests shale may not be peaking and adds supply pressure to markets.

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President Donald Trump denied that he is considering strikes on Venezuela, contradicting a media report that he’d given approval for such a move as well as his own past statements that he was preparing land attacks after a series of boat strikes.
Trump replied “no” when asked by reporters Friday aboard Air Force One if it was true he is weighing whether to attack military sites in Venezuela. He said “no” again when asked if he had decided on the matter.
The comments appeared to contradict a report in the Miami Herald earlier Friday that the Trump administration has opted to attack military installations inside Venezuela, and the strikes could come at any moment. The Wall Street Journal had also reported on Thursday that the administration had identified potential targets but hadn’t made a decision on whether to carry them out.Asked earlier about the reports, White House spokeswoman Anna Kelly said “unnamed sources don’t know what they’re talking about” and any announcement would come from Trump.
Asked earlier about the reports, White House spokeswoman Anna Kelly said “unnamed sources don’t know what they’re talking about” and any announcement would come from Trump.
The reports, and Trump’s comments, further clouded the picture around the US president’s intentions for Venezuela and his push to fight narco-traffickers in the Caribbean. Last week, Trump said “the land is going to be next” after a series of attacks since mid-September on alleged drug-running boats in the Caribbean Sea and the eastern Pacific. The US government has provided little documentation to support its accusations the vessels were carrying drugs, other than descriptions and video clips showing footage of the bombardments.
Today's show features:

Ellen Wald, President of Transversal Consulting and Senior Fellow at the Atlantic Council, on what the US-Venezuela conflict means for energy markets and earnings from Exxon and Chevron
Laura Martin, Senior Entertainment & Internet Analyst, Needham & Co., recaps mega-cap tech earnings from Apple, Meta, Alphabet and Amazon
Tom Forte, Managing Director and Senior Consumer Internet Analyst at the Maxim Group, on Amazon’s strong earnings and why he’s raising his price target for the stock
Dan Sheridan, CEO of Brooks Running, on the company's ninth consecutive quarter of year-over-year growth and global demand for performance running footwear

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