Trump to Send Homan to Minnesota Amid Outcry | Bloomberg Businessweek Daily 1/26/2026

Watch on YouTube ↗  |  January 26, 2026 at 21:37  |  48:50  |  Bloomberg Markets
Speakers
Ursula — Head of Investment Portfolio Solutions, BlackRock
Daniel Florness — CEO, Fastenal
Stephanie Guild — Chief Investment Officer, Robinhood
Myles — Author, Value Zoomer (Substack)
Tim Stenovec — Anchor/Co-Host, Bloomberg TV & Radio
Rebecca Homkes — Lecturer, London Business School
Charlie Pellett — Anchor/Reporter, Bloomberg

Summary

Bloomberg Businessweek Daily covers a snowy U.S. market day dominated by winter-storm outages, commodity swings, and political tensions in Minnesota. Guests discuss corporate responses to immigration enforcement, European equity repatriation flows, Robinhood customer positioning, and Fastenal's read on manufacturing and data-center demand. The episode also previews Mag 7 earnings and the Fed while detailing the storm's impact on power, travel, and natural gas.

  • Winter storms cause power outages, flight cancellations, and a spike in natural gas futures.
  • Equities are mixed: large-cap indices rise while small caps lag; gold and silver hit records.
  • Minnesota immigration enforcement tensions prompt a CEO de-escalation letter and send Tom Homan to Minneapolis.
  • BlackRock's Ursula highlights record European equity and BTP repatriation flows.
  • Robinhood's Stephanie Guild notes U.S./AI focus, plus recent software and Netflix buying on the platform.
  • Fastenal CEO Daniel Florness cites a weak industrial economy but strong data-center-linked demand.
  • Rebecca Homkes says global companies are prioritizing supply-chain continuity over political friction.
  • Myles Miller reports storm aftermath from New York and details Homan's planned ICE operational role.
Ideas
Ursula Head of Investment Portfolio Solutions, BlackRock 14:06
Europe repatriation trade rectifies underweight bias.
Investors have historically been underweight Europe, and that bias needs to be rectified as they seek to diversify away from the U.S. while retaining some U.S. trade exposure with protection; the strong repatriation trade is visible in $92 billion of 2025 inflows into European equities and BTPs, nearly matching the $94 billion seen over 2014-2024.
VGK BTPs HIGH
Stephanie Guild Chief Investment Officer, Robinhood 18:05
Retail buyers step into software selloff.
Robinhood customers have been net buyers of software names over the last week, using the deep selloff in that space as an opportunity.
IGV LOW
Stephanie Guild Chief Investment Officer, Robinhood 18:13
Netflix buying follows Warner-driven selloff.
Robinhood users have recently bought Netflix after the stock was beaten down over its pursuit of Warner Bros. Discovery assets, and Guild says Netflix still has a solid business.
NFLX LOW
Daniel Florness CEO, Fastenal 24:33
Fastenal gains share despite weak industrial economy.
Fastenal is gaining market share and generated double-digit growth in the second half of 2025 even though the ISM manufacturing index has been below 50 for 36 of the past 38 months; data-center-linked demand is on fire, and expanded import sourcing in Bangkok and India helps it manage tariffs.
FAST MED
Daniel Florness CEO, Fastenal 25:35
AI data-center buildout is real.
The AI/data-center buildout is real: a contractor on the East Coast said 70% of its activity was around data centers, and Fastenal's Atlanta district managers are seeing business pickup from data centers even as the broader industrial economy lacks lift.
DTCR HIGH
Myles Author, Value Zoomer (Substack) 45:25
Winter storm pressures natural gas higher.
The winter storm has driven natural gas futures above $6.36/MMBtu, the highest since December 2022, as heating demand rises and power outages hit; more snow is expected this weekend, keeping upward pressure on natural gas.
UNG MED
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This Bloomberg Markets video, published January 26, 2026, features Ursula, Stephanie Guild, Daniel Florness, Myles discussing VGK, BTPs, IGV, NFLX, FAST, DTCR, UNG. 6 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Ursula, Stephanie Guild, Daniel Florness, Myles  · Tickers: VGK, BTPs, IGV, NFLX, FAST, DTCR, UNG