Trump Trade: U.S. orders blockade of sanctioned oil tankers from Venezuela

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.

OIL TANKERS FROM VENEZUELA: President Donald Trump ordered a blockade of all sanctioned oil tankers entering or leaving Venezuela, escalating pressure on Nicolas Maduro’s government by targeting its primary revenue source, Reuters’ Idrees Ali, Phil Stewart, Shariq Khan, and Marianna Parraga report. Details of enforcement remain unclear, though the administration has surged troops and naval assets, including an aircraft carrier, to the region. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Shell (SHEL) and TotalEnergies (TTE).

BUYBACK/DIVIDENDS: The Trump White House is planning an executive order that would restrict share buybacks, executive pay, and dividends for defense contractors operating over budget and with delays, Reuters reports. Publicly traded companies in the space include BAE Systems (BAESY), Boeing (BA), GE Aerospace (GE), General Dynamics (GD), HII (HII), L3Harris Technologies (LHX), Lockheed Martin (LMT), Northrop Grumman (NOC) and RTX (RTX).

CBS TIES: President Donald Trump said via Truth Social that, “For those people that think I am close with the new owners of CBS, please understand that 60 Minutes has treated me far worse since the so-called ‘takeover,’ than they have ever treated me before. If they are friends, I’d hate to see my enemies!” CBS is owned by Paramount Skydance (PSKY).

FED CHAIR: U.S. President Donald Trump is slated to interview Federal Reserve governor Christopher Waller for the position of Fed chair on Wednesday, the Wall Street Journal’s Brian Schwartz and Nick Timiraos report, citing people familiar with the matter. Officials have cautioned that the interview process is moving quickly and that meetings can always be delayed or canceled as Trump continues to weigh his options, the authors note. Last week, the president interview former Fed governor Kevin Warsh and National Economic Council director Kevin Hassett for the role, saying at the time that Warsh was at the top of his list, the authors say. Waller was named to the Fed’s board by Trump and confirmed by the Senate at the end of Trump’s first term in 2020, the authors note.