The Tonight Show Starring Jimmy Fallon

Episode: Trump Hosts Oil Tycoons to Push Venezuela Agenda | Kristen Wiig, Ashton Kutcher, Arden Cho & Ahn Hyo-seop from KPop Demon Hunters
Date: January 13, 2026

Episode Overview

Jimmy Fallon kicks off the episode with his signature high-energy monologue, joking about current political events and pop culture, before welcoming an all-star lineup: Kristen Wiig (Palm Royale), Ashton Kutcher (The Beauty), and Arden Cho & Ahn Hyo-seop (KPop Demon Hunters). The episode features lively conversations, playful games, and behind-the-scenes stories from the guests’ latest projects, all delivered in Fallon’s trademark humorous, warm, and fast-paced style.

Key Segments and Discussion Points

1. Monologue: Political Satire & Cultural Commentary

[01:09–04:18]

• Take-down of Rockefeller Center Christmas Tree

  • Jokes about removing everything living "inside" the tree, including “pigeons, squirrels, Rudy Giuliani.”
  • “The tree was tied up and whisked out in the middle of the night just like a Venezuelan dictator.” (Jimmy Fallon, 01:23)

• Trump Hosts Oil Executives

  • Mocks the viability of investing in Venezuela:
    • “They’re like, sir, we’d rather invest in a beach house in North Korea... or Le Booboo dolls.” (Jimmy Fallon, 01:35)
  • Comedic take on Trump’s dentist appointment:
    • “‘I think you need a crown.’ And Trump was like, ‘You read my mind, sister.’” (Jimmy Fallon, 01:53)

• Justice Department and Jerome Powell Investigation

  • Roasts Trump’s financial literacy:
    • “Until recently, Trump thought the Fed chair is something you could buy at Raymore and Flanigan.” (Jimmy Fallon, 02:22)

• Trump’s Foreign Policy Blunders

  • Skewers Trump’s mispronunciations and geography gaffes:
    • “‘Namibia’ or as he calls it ‘Nambia’... ‘Azerbaijan’ or ‘Aberbaijan.’” (Jimmy Fallon, 02:54)

• National Pharmacist Day

  • “Whether you hand out pills from the counter at CVS or hand out weed from behind a 7-11, we salute you.” (Jimmy Fallon, 03:43)

2. Musical Interlude

[04:21–04:30]

• Ruth Crew delivers a short, energetic performance.

3. Guest Segment: Kristen Wiig

[05:52–14:20]

• On Palm Royale, SNL 50th Anniversary, and Comedy Life

  • Fallon reminisces about the SNL 50th anniversary, sharing an emotional moment:
    • “At the end of the night, Paul McCartney was singing, and... Everyone’s singing, ‘Boy, you’re gonna carry that weight.’ ...If you have done Saturday Night Live, you have that kind of weight.” (Jimmy Fallon, 06:32)
  • Wiig recalls the nerves and surreal backstage moments:
    • “You don’t really know who’s there... coming down, and I was like, oh, there’s Jerry Seinfeld right there.” (Kristen Wiig, 07:27)

• Mistaken Identity Stories

  • Wiig tells a story where a massage therapist thought she was Kate McKinnon:
    • “She started talking about SNL... then about sketches that Kate had done, and I was like, oh, she thinks I’m Kate... That’s a compliment for me.” (Kristen Wiig, 08:16 & 08:50)
  • Jimmy says people regularly confuse him with Jimmy Kimmel:
    • “Just this week, I was in Barnes and Noble... Her roommate said, ‘No, you named the plant Jimmy Kimmel.’ She goes, ah, same diff.” (Jimmy Fallon, 08:55)

• Comedy “Fake-Synopsis” Game

  • Wiig hilariously improvises synopses of shows she’s never seen:
    • On Game of Thrones: “There’s the Starks... and there’s, like, winter people... tree people, right?... There’s... monsters. Sex. There’s a lot of sex.” (Kristen Wiig, 09:51–10:18)
    • On Emily in Paris: “She’s Emily. She goes to Paris. She’s, like, in fashion. And she works for, like, a mean lady.” (Kristen Wiig, 10:40–10:54)
    • On Big Bang Theory: “They’re smart... in college and they live together and they... help each other with, like, their projects.” (Kristen Wiig, 11:10–11:23)

• Palm Royale: Season 2 Finale and Cast Stories

  • Praises co-star Carol Burnett:
    • “She’s just... She’s a light in my life.” (Kristen Wiig, 12:28–12:39)
  • Teases finale: “Especially if you love Carol... you will really love this episode.” (Kristen Wiig, 13:06)
  • On playing her own twin: “I’ve always wanted to do that... the old sitcoms where... the same actress shows up with a brown wig.” (Kristen Wiig, 13:26)

4. Guest Segment: Ashton Kutcher

[15:04–24:13]

• On Chicago Bears Fandom (and Superstitions)

  • “I’m 100% certain that the outcome of the game is based on my... how I’m behaving. I’ll make people stand still. If something good happened, don’t move.” (Ashton Kutcher, 16:28–16:43)
  • Recounts elaborate superstitions about jerseys, pizza, and seating.

• Family & Holiday Stories

  • Shares hilarious Airbnb Christmas anecdote involving cold, broken boilers, and misadventures with their dog (Ricki Lake):
    • “The host tried to save our lives, but our lives didn’t need saving. It was a real thing... Don and Carol... put up 27 Christmas trees in the house, Jimmy.” (Ashton Kutcher, 17:47–18:17)
    • “So Don and Carol are standing in our living room, and they’re like, looking. And some lady’s upstairs yelling, ‘No, Ricky, no!’” (Ashton Kutcher, 21:33)

• About ‘The Beauty’ on FX/Hulu

  • Describes the premise:
    • “I play a trillionaire, Jimmy. Not a billionaire. No, a trillionaire... I invent a super drug... makes you the most beautiful version of yourself. Except it’s also an STD.” (Ashton Kutcher, 22:34–23:06)
    • “After about 800 days, you explode.” (Ashton Kutcher, 23:45)
  • Fallon and Kutcher riff on the plot’s absurdity and wildness.

5. Guest Segment: Arden Cho & Ahn Hyo-seop – KPop Demon Hunters

[24:41–32:03]

• Their Chemistry, Casting Processes and Success

  • Reveals the two met only briefly for the recording, movie made “entirely with movie magic.”
    • “You think we hang out all the time or fight... all voiceovers, never in the booth at the same time.” (Jimmy Fallon & Ahn Hyo Seop, 25:12–25:19)
  • Arden Cho’s audition story:
    • “I actually auditioned for Celine... about a year later I got an email... would you like to come in for a callback for Rumi?” (Arden Cho, 25:48–26:08)
  • Ahn Hyo-seop’s reaction to the script:
    • “I just thought it was really fun, very playful, and also it had a really good message.” (Ahn Hyo Seop, 26:44)

• On Animation’s Impact and Representation

  • Cho: “To be able to be on the other side, to give back the message to kids just felt really special.” (Arden Cho, 27:09)

• Viral Moments and Musical Crossover

  • Ahn Hyo-seop’s “pinch me” moment:
    • “Linda Larkin, the voice of Princess Jasmine, called me... I think we were both crying at one point.” (Ahn Hyo Seop, 28:25–29:02)
  • Covers of “Free”:
    • “Cha Eun Woo is a good friend of mine, he... would love to do a cover...we hit, like, I think 70, 80 million views collective.” (Ahn Hyo Seop, 29:45–30:03)

• Dubbing Demo & Fun with Jimmy

  • Guests recreate moments from the movie live, with playful dubbed laughter, apologies, and a group “Not our fans!” battle cry.
    • “I feel like we should all do it... 3, 2, 1.” (Ahn Hyo Seop & Jimmy Fallon, 31:49–32:00)

Notable Quotes & Memorable Moments

• On SNL 50th:
  “At the end of the night, Paul McCartney was singing... Everyone’s singing, ‘Boy, you’re gonna carry that weight.’ ...If you have done Saturday Night Live, you have that kind of weight.”
  — Jimmy Fallon, 06:32

• On Playing Her Twin:
  “I’ve always wanted to do that... the old sitcoms where... the same actress shows up with a brown wig.”
  — Kristen Wiig, 13:26

• On Extreme Fandom:
  “I’m 100% certain that the outcome of the game is based on my... how I’m behaving...”
  — Ashton Kutcher, 16:28

• On The Beauty:
  “I play a trillionaire, Jimmy. Not a billionaire. No, a trillionaire... I invent a super drug... makes you the most beautiful version of yourself. Except it’s also an STD.”
  — Ashton Kutcher, 22:34–23:06

• On Representation & Animation:
  “To be able to be on the other side, to give back the message to kids just felt really special.”
  — Arden Cho, 27:09

• On Viral Covers:
  “Cha Eun Woo is a good friend of mine, he...would love to do a cover...we hit, like, I think 70, 80 million views collective.”
  — Ahn Hyo Seop, 29:45–30:03

Timestamps for Key Segments

• [01:09] – Start of monologue/political jokes
• [04:21] – Ruth Crew musical interlude
• [05:52] – Kristen Wiig interview starts
• [09:40] – TV synopses guessing game
• [11:54] – Palm Royale interview
• [15:04] – Ashton Kutcher interview starts
• [17:47] – Family and holiday story
• [22:30] – About The Beauty
• [24:41] – Arden Cho & Ahn Hyo-seop interview (KPop Demon Hunters)
• [29:45] – Viral “Free” cover story
• [31:49] – “Not our fans!” group dubbing
• [32:03] – Closing and credits

Tone, Energy, and Delivery

All segments are suffused with Jimmy Fallon’s genial, quick-witted style, spontaneous laughter, and playful improvisation. The guests frequently riff off one another, creating a vibrant, supportive, and energetic atmosphere.

Useful Links for the Audience

• Palm Royale: Streaming on Apple TV+
• The Beauty: Premieres January 21 on FX and Hulu
• KPop Demon Hunters: Streaming on Netflix

Summary Takeaway

This Tonight Show episode is a fast-paced blend of late-night satire, heartwarming celebrity banter, and pop-culture fun. Kristen Wiig charms with her behind-the-scenes stories; Ashton Kutcher entertains with hilarious family misadventures and the wild premise of his new FX show; Arden Cho and Ahn Hyo-seop showcase the global impact of Asian-led animation with energy and warmth—underscoring a night of laughs, music, and meaningful moments.