Reuters World News ICE drawdown, AI, Guthrie and nuclear treaty expires
Feb 5, 2026
Mike Dolan, Reuters markets commentator known for his Morning Bid analysis, breaks down market tremors and tech capex moves tied to AI. He discusses volatile trading in big tech and corporate spending plans. He also touches on broader geopolitical and security shifts in recent headlines.
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ICE Drawdown And Local Cooperation
- Tom Homan announced an immediate drawdown of 700 ICE and Border Patrol agents in Minnesota while leaving about 2,000 agents in place.
- Minnesota's state prisons notify ICE of felons and comply with detainer requests, but county jails vary in cooperation affecting community trust.
AI Spurs Market Volatility And Hiring Slowdown
- AI fears triggered a big tech sell-off despite some firms increasing capital spending like Alphabet's planned capex jump for 2026.
- Firms are slowing hiring partly expecting productivity gains from AI, but it may also mask post-pandemic overhiring corrections.
AI's Early Job Impact Is Subtle
- Evidence of AI's labor impact appears in targeted surveys and firm hiring choices rather than headline unemployment figures.
- Companies like Amazon and Lufthansa cited AI adoption when announcing layoffs, raising questions about cause versus pretext.