ICE's presence hits small businesses in Minnesota
Marketplace Morning Report
Marketplace
4.5 • 927 Ratings
🗓️ 26 January 2026
⏱️ 7 minutes
🧾️ Download transcript
Summary
Following yet another deadly shooting by ICE agents in Minnesota, more than 60 CEOs there have now signed a letter calling on federal, state, and local officials to de-escalate. Some smaller businesses across the state have temporarily closed or reduced hours as employees and customers worry about being stopped or profiled by ICE. Also: Surging precious metal prices hint at investor anxieties, and we look at the economic impact of the 2026 Winter Olympics.
Transcript
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| 0:00.0 | Business is caught in the immigration crackdown. |
| 0:04.2 | I'm David Brancaccio in Los Angeles, following deadly shootings by immigration agents in Minnesota. |
| 0:10.4 | More than 60 CEOs there have now signed and sent a letter calling for federal, state, and local officials to de-escalate. |
| 0:18.0 | Now, this is a turnabout. Last week here, we had discussed so many Minnesota |
| 0:22.2 | business leaders staying quiet amid the situation. Among the CEOs who put their names on this new |
| 0:28.1 | letter, William Brown of 3M, Corey Barry of Best Buy, General Mills Jeff Harmoning, and Target's |
| 0:33.9 | incoming chief executive, Michael Fidelke. Advocates for stricter border enforcement argue the policies over time could mean better jobs for legal workers, |
| 0:43.6 | but in Minnesota, some businesses have closed or reduced hours with employees and customers |
| 0:48.5 | concerned about getting caught up in raids and protests. |
| 0:52.1 | Kirstie Marone is a correspondent with Minnesota Public Radio, same company |
| 0:55.6 | as us. She's been reporting from St. Cloud, population 70,000, a city that includes a large |
| 1:01.5 | Somali American population. Hi, Kirstie. Hi, David. Thanks for having me. You've been going into |
| 1:07.5 | businesses facing immigration searches and detentions. What are you hearing? |
| 1:12.5 | The owners I spoke to say they're struggling with two problems. First, businesses that cater to immigrants are seeing fewer customers. |
| 1:19.8 | People are scared to leave their homes and venture out for fear of being stopped and detained by ICE. |
| 1:24.9 | I stopped in at New York Gyro, a popular restaurant in St. Cloud. |
| 1:28.7 | Usually at lunchtime, it's full of hungry customers craving its halal pita sandwiches and kebabs. |
| 1:34.4 | But last week... |
| 1:35.7 | As you can see, very slow, very, very slow, especially for the last couple of weeks. |
| 1:42.3 | That's co-owner Haseeb Asim. |
| 1:48.3 | He told me that the recent ice activity in St. Cloud is scaring people away. |
| 1:53.4 | We have a lot of mixed customers, like Mexican, Somali, and white. |
... |
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