Trump Signals Deportation Strategy Shift After Minnesota Outcry

Jan 26, 2026

Guest

Stephanie Aliaga

Guest

Rebecca Homkes

Guest

Wendy Schiller

Wendy Schiller, Brown political science professor, on federal immigration moves and political fallout. Rebecca Homkes, strategy faculty at London Business School, on why CEOs are speaking up and how companies weigh politics. Stephanie Aliaga, J.P. Morgan market strategist, on what markets watch: Fed clarity, AI spending, and earnings. They discuss Minnesota raids, corporate pressure, and market positioning in short, sharp segments.

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INSIGHT

Minnesota Raids As Political Inflection Point

The Minnesota raids created a political inflection point that pressured the White House to de-escalate tactics.
Wendy Schiller says public outrage, polls, and congressional funding threats forced Trump to seek a political off-ramp.

INSIGHT

CEOs Join Public Outcry After Shootings

Corporate America shifted from silence to public pressure after fatalities in Minneapolis.
Tim Stenovec notes CEOs feel safer speaking up when average citizens and consumers protest.

ADVICE

Decide Corporate Stance With Board Deliberation

Companies should assess risks and act based on stakeholder values and long-term strategy.
Rebecca Homkes advises CEOs to decide with boards how to respond to social issues rather than defaulting to silence.

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Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump indicated he’ll make changes to his administration’s deportation crackdown in Minnesota after the killing of two US citizens during immigration raids sparked nationwide uproar.

The president said he was sending US border czar Tom Homan — who is seen as relatively measured compared to rivals, including Homeland Security Secretary Kristi Noem — to Minneapolis in a bid to deescalate tensions.

Trump also spoke with Minnesota Governor Tim Walz, telling the Democrat who he has derided as “grossly incompetent” that he would consider independent investigations into the shootings and reducing the number of federal agents in his state.

Later, the White House suggested it could remove US Customs and Border Protection personnel from Minnesota if state and local law enforcement adopted additional “cooperative measures” to assist in the apprehension of undocumented migrants.

Taken together, the comments indicated that Trump might recognize that his maximum pressure deportation campaign has eroded public faith in immigration officials as well as his own political standing. That poses a risk for Republicans heading into November’s midterm elections.
The federal government is at risk of a partial government shutdown at the end of the week after Senate Democrats said they could not back a funding bill without new curbs on immigration enforcement.

Today's show features:

Wendy Schiller, Professor of Political Science at Brown University, on President Donald Trump sending US border czar Tom Homan to Minneapolis amid a growing outcry over his immigration crackdown
Stephanie Guild, Chief Investment Officer at Robinhood Markets, on markets, retail investing trends., interest rates and Federal Reserve policy
Rebecca Homkes, Faculty at the London Business School and at Duke Corporate Executive Education, on how executives are responding to US tariff policy and economic uncertainty
Stephanie Aliaga, Global Market Strategist at JPMorgan Asset Management, provides a corporate earnings progress report and commentary on US monetary policy

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