This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Good morning. My gym in New York City unexpectedly closed early for the winter storm yesterday, but I was able to get in a makeshift workout pushing a taxi out of a snowbank. Stock futures are little changed this morning. The market is coming off a losing week. Here are five key things investors need to know to start the trading day:
1. Minneapolis
In sub-zero temperatures, demonstrators marched in downtown Minneapolis, Minn., on Friday, January 23, 2026, waving signs decrying ongoing immigration enforcement operations in the Twin Cities metro area, Operation Metro Surge. Alex Kormann | The Minnesota Star Tribune | Getty Images
Tensions in Minnesota hit a fever pitch over the weekend after a federal immigration agent shot and killed Alex Pretti — a 37-year-old nurse and U.S. citizen — in Minneapolis. It is the second fatal shooting by federal agents in the city since the White House sent thousands of ICE agents to the state, despite opposition from local lawmakers. Here's what to know: Department of Homeland Security Secretary Kristi Noem said the Border Patrol agent fired "defensive" shots after Pretti "violently resisted" attempts to be disarmed.
But videos verified by CNBC show a significantly different series of events. At no point in any of the verified videos does Pretti — a lawful gun owner with a permit — brandish a weapon. One of the videos appears to show an agent removing a weapon from Pretti before any shots were fired.
Following the shooting, Minnesota Gov. Tim Walz called on President Donald Trump to "end this operation" and "pull the thousands of violent, untrained officers" from the state. Walz, a Democrat, said he has been in contact with the White House.
On Sunday, leaders of Minnesota-based companies such as incoming Target 3M UnitedHealth "immediate deescalation of tensions" in a letter.
"immediate deescalation of tensions" in a letter. The executives called on public officials to work together to find solutions, though they did not name Trump explicitly — part of a broader trend of corporate leaders attempting to avoid commenting directly about White House policies.
Outrage over the Minneapolis shooting has increased the chances of a partial federal government shutdown. Democrats in Congress are vowing to block any funding package that includes DHS appropriations.
Pretti's death follows the killing of Renee Nicole Good by an Immigrations and Custom Enforcement officer in Minneapolis earlier this month.
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