The Fox News Rundown Business Rundown: Big Earnings Expectations, Escalating Trade Tensions With Canada
Jan 26, 2026
Jonathan Hoenig, hedge fund manager and Fox Business contributor known for sharp market commentary and libertarian views. He discusses fourth-quarter earnings expectations for big tech and market-moving heavyweights. He weighs in on trade frictions with Canada and EV imports. He debates AI’s impact on jobs and talks housing solutions like co-buying and tokenization.
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Episode notes
Earnings Need To Wow
- Big-cap tech firms must not only beat estimates but materially exceed them to drive further stock gains.
- Jonathan Hoenig warns that high valuations make these stocks vulnerable to sell-offs even on good results.
Changing Market Leadership
- Market leadership is shifting from mega-cap tech to value, international, and small-cap stocks.
- Hoenig says many areas that haven't participated are now showing up on his screen.
Avoid Government Ownership
- Avoid relying on government ownership to drive innovation or pick winners.
- Hoenig urges keeping government out of equity stakes to preserve private-sector innovation.