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Public.com presents the rundown. Your daily market update in under 10 minutes. My name is Zadmani and today is Tuesday, January 6th. In today's episode, we'll tell you about the stock seeing the biggest gains after the events in Venezuela. We'll also break down the major announcements from Nvidia at CES yesterday, including one that is going under the radar. Then stick around to the end of the show to find out why condo prices are collapsing. We got a great show for you today. Let's go. Stocks got off to a nice start this week. The S P 500 and Nasdaq were both up about 0.6% and hovering near record highs. The Dow actually did hit a record high, jumping more than 1% yesterday. But nobody cares about the Dow. So energy companies were some of the big winners yesterday. As the market starts to price in on who could benefit from the regime change in Venezuela. Chevron, which is currently the only major US oil company operating in Venezuela today, which is was up 5% on Monday. Oil refinery companies did even better. Valero was up 9% while Marathon Oil was up nearly 6%. The thinking here is if Venezuelan oil production ramps back up, these refineries could start processing more of that heavy crude. Oh, and I should mention defense companies were also winners yesterday. Northrop Grumman and Lockheed Martin were up more than 3%. That's pretty typical. I mean, whenever there's geopolitical tension flare ups, defense stocks tend to catch a bit. Now zooming out though, the big picture really hasn't changed, investors are still optimistic that this bull bull market continues into 2026. Even a dramatic headline like the capture of a dictator isn't enough to change the story. But what could change the story is if there's a continued slowdown in the labor market. You know, we started to see cracks form in the labor market. The unemployment rate has been creeping up over the last few months. But we'll get more information on Friday when the Bureau of Labor Statistics releases the December jobs report. And then next week, earnings season kicks off. So we're about to get hit with a ton of info. It's a great time to get subscribed to the podcast if you haven't already. And tuning in, warning to stay in the loop. Let's run through some headlines, starting with Nvidia. Nvidia had their keynote address at CES in Vegas yesterday and CEO Jensen Huang put on a show. Nvidia showed off its next generation AI chip called Vera Rubin. And these chips are more powerful and more energy efficient than Nvidia's current Blackwell chips. Nvidia says that companies can train massive AI models using about one quarter the number of chips compared to the Blackwell chips. And when it comes to inference where demand is expected to explode, these Vera Rubin chips can deliver results at roughly one tenth the cost of the Blackwell chips. So these Vera Rubin chips are a big step up from Blackwell. And the big shocker is that Nvidia expects to ship them in the second half of this year, which is sooner than expected. So Jensen reminded everyone in Vegas that Nvidia is still the king of AI, despite all the hype around AMD and Google's TPUs. Now the other big news to come from the keynote was Nvidia's work in robo taxis. The company is working with autonomous vehicle operators to deploy Level 4 self driving cars, which are cars with no human drivers in them in mapped out areas. Just for some context, Waymos currently operate at level 4 autonomy. Now what Nvidia is doing is offering a full stack solution to car makers. They're offering the chips to power the cars, the AI software to drive the cars, and simulation tools to train the cars. And they've made a ton of progress. In fact, they've partnered with Mercedes Benz which plans to ship a car later this year using Nvidia's self driving tech that will drive itself in cities like San Francisco. So this could be huge for Nvidia. It could end up being a growth engine for the company. No pun intended. See, right now the automotive and robotics sector makes up just 1% of total revenue. But Jensen Huang wants Nvidia's chips and software to power millions of self driving cars in the future. You know, I feel like Nvidia's robo taxi efforts aren't getting a lot of hype. I mean, all the robo taxi headlines are dominated by Waymo and Tesla. But keep an eye out for Nvidia because. Because they're quietly making moves. Now, sticking with ces, let's talk about Meta. So because they also have a big presence at CES this year, showing off their smart glasses. Now, Meta did announce that they're delaying the global rollout of their new Ray Ban display glasses. Not because of a lack of demand internationally, but because the demand in the US is so strong that Meta can't make enough of these glasses. The company originally had planned to expand into markets like the uk, France, Italy and Canada early this year. Instead, Meta is now prioritizing getting these glasses in the hands of US consumers first. Now, a quick refresher Meta launched these $800 smart glasses back in late September. These glasses have a camera and holographic display built into one of the lenses. You can also control the glasses with this wrist strap called the neural band that reads like electrical brain signals. It's all state of the art, really cool tech. Now what is a bit annoying though is in order to buy these glasses, you have to book an in store appointment at places like Ray Bans Sunglasses Hut or Best Buy. You know, when these glasses first came out, I tried to get an appointment in my area but couldn't find anything for weeks and, and then I kind of forgot about the whole thing. So I haven't tried them yet. Now Mark Zuckerberg is hoping that these smart glasses become Meta's first mass market hardware hit. Something closer to the iPhone than just like a niche gadget, kind of like their VR headsets are. But this delay shows that even with huge demand, production will be a challenging task. You know, hardware is different than just writing code for social media. But other than the delay, News Meta did announce some new features at CES that are coming to the display glasses and the neural band. One of them is the ability to write and Send messages via WhatsApp and Messenger by writing with your fingertips on any surface. And the other one is a teleprompter feature built right into the display of the glasses. Yeah, I don't know, that could be useful for anyone looking to give a speech or make a presentation or, I don't know, impress a girl on a first date, hop on the Meta glasses and turn on the teleprompter. No one will know. If anyone listening has a pair of these Meta display glasses, let me know in the comments on your experience with them so far. You know, I have the Meta Ray Ban smart glasses that doesn't have a display. Those are great, but I don't really know if I want a display on my glasses. You know, like, to be honest, I'm a bit skeptical about Meta saying the demand for these display glasses is like really strong. Let's talk about some stocks making moves today. Shares of Zeta Global are ripping higher this morning after the company announced a collaboration with Open AI. Zeta is a cloud marketing platform which pulls together marketing data from everywhere, like Instagram ads, TikTok, Shopify and email campaigns. And with this OpenAI partnership, it will layer OpenAI's conversational and agentic AI tech for onto their platform. Essentially, marketers using Zeta can now talk to their data and have the AI identify what campaigns are working and what's not working. Sounds like a lot of buzzwords, but hey, investors seem to be excited about it. Zeta stock is up more than 8% this morning on this news. Now on the flip side, natural gas prices are getting smoked. Prices are down more than 15% over the past five days and it's down another 2% this morning. Now the reason that prices are falling is that US Natural gas production is running near record highs, boosted by the demand from AI centers, electric grids and strong LNG exports overseas. But because of the warm weather this winter, there is less heating demand from homes and buildings, so prices are starting to fall. A perfect example of this is today. The high in Houston today is going to be 82 degrees. I know I'm in Texas, but it usually doesn't get this hot. I've barely had a chance to wear my Nvidia hoodie this season. I wonder if some of these natural gas traders hedge their bets on prediction markets by betting on the weather. I mean, that could be an interesting use case for prediction markets betting on warmer weather to hedge against your natural gas investments. Let's wrap the show with a fun fact. Condo prices in the US had their biggest annual decline since 2012. The demand for condos has just cooled off as more and more people move to the suburbs for more space. Adding the fact that hybrid work is sticking around, there's even less incentive to live in condos which are concentrated near city centers. But the biggest reason for the condo crash is the cost of ownership. HOA fees are getting out of control and insurance and maintenance costs continue to rise. That's pushing monthly condo fees higher and turning off buyers. Today, 25% of condos are now estimated to be worth less than their last sale price. So there's a big correction happening in the condo market. If there are any condo owners listening to this episode, let me know in the comments on what the cost of ownership has been like over the last few years. Now, somewhat related to this story, I saw that the prediction market platform polymarket just launched a real estate category, so you can now literally bet on where housing prices are headed for major US cities. I mean, this is such a 2026 headline because homeownership continues to be unaffordable, but at least now you can gamble on it. Well all right guys, that's the rundown for today. Hope you guys enjoyed today's episode. If you did and you have like five extra seconds, consider giving us a five star rating on Apple, Spotify, YouTube, wherever you listen to your podcast. And if you are listening on Spotify. Don't forget to vote in today's Spotify poll. Leave us a comment on Spotify. All that engagement really does help us out, and it helps other people find the show. I got to say, my wife saw a lot of the comments on yesterday's show vouching for Vegas and ces, and I think there's a good chance we might be headed to Vegas next year to celebrate our anniversary and attend ces. So shout out to everyone in the comments for helping me out. And of course, shout out to Mike and Connor for all the work behind the scenes, and we'll see you guys back here tomorrow.