When ICE raids create "an economy of fear"
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 8 July 2026
⏱️ 9 minutes
🧾️ Download transcript
Summary
There's been a recent spike in immigration enforcement action around the country. The New York Times reported last week that more than 10,000 people were detained in five days. This comes after earlier high-profile ICE raids in places like Minnesota. This morning, we'll dig into the data on how immigration crackdowns disrupt economic activity. But first: discussions of AI market anxiety and a resumption of hostilities in the Middle East.
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| 0:00.0 | Five years ago, at the height of the pandemic, a leading global company made a bold decision. |
| 0:05.0 | Rather than simply react to disruption, it set out to remake its supply chain for a world |
| 0:09.9 | defined by uncertainty. Working with GEP, the company redesigned its operations around visibility, |
| 0:16.5 | resilience, and efficiency. Today, as many companies continue to navigate tariffs, inflation, wars, |
| 0:22.8 | and supply disruptions, that company is delivering double-digit growth and gaining market share. |
| 0:28.6 | It turned supply chain shocks into competitive advantage. That's the power of GEP's AI-Native |
| 0:35.0 | quantum intelligence platform and Services. |
| 0:43.7 | More than 7,000 employees across 30 offices support over 1,000 organizations worldwide, |
| 0:49.5 | helping them anticipate disruption, reduce risk, and create value across their global value chains. |
| 0:56.7 | Find out how to put agenic AI to work in your procurement and supply chain operations at gep.com. |
| 1:03.7 | Today in markets, the Strait of Hormuz meets AI anxiety. |
| 1:08.0 | From Marketplace, I'm Sabri Beneshire, in for Kimberly Adams. |
| 1:10.5 | The U.S. and Iran traded attacks last night. |
| 1:14.6 | Both sides blame the other for violations of their memorandum of understanding. |
| 1:23.0 | Speaking at a NATO summit in Turkey, President Trump said the ceasefire is, quote, over, but talks can continue. He also suggested more strikes could happen. |
| 1:27.9 | Oil prices are up 5 percent. Stocks are down this morning. For more, let's turn to Susan Schmidt, |
| 1:31.8 | portfolio manager at Exchange Capital Resources. Hi, Susan. Good morning. |
| 1:36.2 | How worried are markets and investors about, you know, this resumption of hostilities, |
| 1:40.6 | oil prices rising, inflation risk rising? How concerned are they? |
| 1:45.8 | Well, we are starting to see concern creep up again in markets because the ceasefire apparently is over, and we are seeing pressure immediately in the oil prices. So oil, |
| 1:53.3 | which had gone down as low as $68, now back closer to 75, worried again about how much oil can make it out of the Strait of Hormuz and what |
| 2:03.6 | will happen to global supply. |
... |
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