Marketplace Morning Report

Dustin Kunkel is a father of two, works in the solar panel business, and is a neighbor of "Marketplace Morning Report" host David Brancaccio. Kunkel lost his Altadena home in the Eaton Fire and, since then, spoke to 30 contractors before finding someone to rebuild the house. We hear what the process — and pricing — has been like. Also, the realities of this economy continue to diverge for lower- and higher-income households.

Today, we have the story of one burned block: that of "Marketplace Morning Report" host David Brancaccio. Last year's wildfires in California were the costliest in history, with more than 16,000 structures destroyed and over 30 deaths. Fifteen of the houses destroyed in the Eaton Fire sat on a single street in Altadena. A year on, we check in with Brancaccio's neighbors to hear about life, loss, and efforts to rebuild.

From the BBC World Service: Delcy Rodríguez, who had served as vice president under President Nicolas Maduro, has promised stability amid economic uncertainty. After taking an oath of office, she vowed to guarantee the peace of the country, including "the economic and social tranquillity of our people." This morning, we recount the history of how Venezuela got to this moment. Plus, Nestle recalls baby formula products in Europe over concerns of food poisoning toxins.

Investors see some oil companies as big winners with the U.S. forcing a change of leadership in Venezuela. This morning, we'll hear how U.S. oil companies are faring in light of the news. Then, we'll provide some context for oil production and chat about global demand, what it'd take to develop Venezuela's infrastructure to help spark production, and learn how long it would take for U.S. oil companies to be reimbursed for investments.

Oil markets and financial markets seem to be shrugging off the major geopolitical story out of the weekend: the U.S. arrest of Venezuelan President Nicolás Maduro. "Investors are looking at the situation and not seeing a dramatic change in the state of affairs that could alter global markets in a major way," said Julia Coronado, founder of MacroPolicy Perspectives. "What makes most sense ... is to wait and see what unfolds," said Ben Kumar, head of equity strategy at investment management business 7IM. On today's show, we unpack it all.