US to Pull 700 Agents From Minneapolis | Balance of Power: Early Edition 2/04/2026

Watch on YouTube ↗  |  February 04, 2026 at 20:28  |  45:44  |  Bloomberg Markets
Speakers
Tyler Kendall — Multimedia Editor, Bloomberg
Norah Mulinda — Market Reporter, Bloomberg
Heather Conley — Senior Fellow, CSIS
Joe Mathieu — Host, Bloomberg Radio

Summary

The episode covers the U.S. drawing down 700 ICE agents from Minneapolis, DHS funding negotiations, a Trump-Xi call with soybean and critical-minerals deliverables, a political panel on ICE oversight, a tech and crypto market selloff, and Iran nuclear talks amid military risk. Market implications include policy support for critical minerals, China soybean purchase commitments, AI-tech ROI concerns, and Bitcoin/crypto outflows.

  • ICE pulls 700 agents from Minneapolis as DHS funding talks continue.
  • Trump and Xi discuss trade, Taiwan, Russia-Ukraine, soybeans, and critical minerals.
  • U.S. pushes critical-minerals action plans and considers price floors.
  • Tech and software shares sell off; AI spending and ROI concerns weigh on sentiment.
  • Bitcoin and crypto slide, raising safe-haven doubts and outflows.
  • Iran talks remain uncertain amid U.S. military buildup and spillover risks.
  • Political panel debates ICE masking, training, and DHS restructuring.
Ideas
Tyler Kendall Multimedia Editor, Bloomberg 2:31
China soybean purchases are key metric.
The Trump-Xi call included a commitment from China to buy more U.S. soybeans: 20 million tons by the end of the harvest season, up from 12 million purchased so far, and 25 million tons next harvest year. He says this is a key metric to watch for U.S. soybean demand.
SOYB MED
Tyler Kendall Multimedia Editor, Bloomberg 4:43
Critical minerals get policy supply-chain support.
The U.S. is assembling a critical-minerals stockpile and critical-mineral action plans with 55 countries, including trilateral pacts with the EU and Japan and a bilateral with Mexico, while considering price floors to counter China flooding the market below cost and hurting Western producers. This is a policy-driven supply-chain setup to watch for critical-minerals producers and prices.
REMX MED
Norah Mulinda Market Reporter, Bloomberg 33:15
AI spending ROI doubts pressure tech.
Wall Street is increasingly concerned that technology companies are spending too much on artificial intelligence without clear returns, and investors are scrutinizing earnings and forecasts for evidence of payoff. This creates pressure on AI-related tech shares, as seen in the negative reaction to AMD's forecast.
AI-SECTOR MED
Norah Mulinda Market Reporter, Bloomberg 35:28
Bitcoin loses safe-haven appeal, sees outflows.
Bitcoin and crypto broadly are under pressure, with Bitcoin at its lowest since 2024 and almost $1 trillion wiped out across cryptocurrencies in a week. The plunge is raising doubts about Bitcoin as a safe haven, Michael Burry has thrown cold water on it, Treasury Secretary Bessent said Treasury will not help Bitcoin, and money is coming out of the sector.
BTC Cryptocurrencies HIGH
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This Bloomberg Markets video, published February 04, 2026, features Tyler Kendall, Norah Mulinda discussing SOYB, REMX, AI-SECTOR, BTC, Cryptocurrencies. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Tyler Kendall, Norah Mulinda  · Tickers: SOYB, REMX, AI-SECTOR, BTC, Cryptocurrencies