President Trump speaks following the U.S. attack on Venezuela — 1/3/2026

Watch on YouTube ↗  |  January 03, 2026 at 17:43  |  58:42  |  CNBC
Speakers
Donald Trump — President of the United States

Summary

President Donald Trump announced that U.S. forces captured Venezuelan President Nicolas Maduro and his wife in a large-scale military operation in Caracas. Trump said the U.S. will run Venezuela temporarily to rebuild its oil infrastructure and allow U.S. oil companies to invest and produce oil. He also discussed defense spending by NATO, immigration, crime, and other foreign policy topics.

  • U.S. launched a military operation in Venezuela, capturing Nicolas Maduro and Cilia Flores.
  • Trump said the U.S. will temporarily run Venezuela until a proper transition.
  • He outlined plans for U.S. oil companies to rebuild and operate Venezuela's oil industry.
  • The embargo on Venezuelan oil remains in effect, but the U.S. plans to sell more oil.
  • Trump criticized Cuba, Colombia, and Russia, and praised NATO defense spending.
  • He claimed crime is down in several U.S. cities due to federal intervention.
Ideas
Donald Trump President of the United States 6:54
U.S. oil companies to profit in Venezuela.
The U.S. will send large U.S. oil companies into Venezuela to spend billions repairing the country's badly broken oil infrastructure and to operate the oil fields. The companies will be reimbursed and will have access to enormous oil wealth, making it a major profit opportunity for U.S. oil companies.
Donald Trump President of the United States 56:19
NATO spending boosts U.S. defense sales.
NATO allies are now paying 5% of GDP on defense instead of 2%, and they purchase U.S. munitions and missiles. This means the U.S. is making money on these sales, benefiting U.S. defense manufacturers.
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Speakers: Donald Trump  · Tickers: XLE, U.S. defense companies