Vance's message in Minneapolis: Local officials must cooperate with the immigration crackdown

MINNEAPOLIS (AP) — Insisting that he was in Minnesota to help “lower the temperature,” Vice President JD Vance on Thursday blamed “far-left people” and state and local law enforcement officials for the chaos that has convulsed the state during the White House's aggressive deportation campaign.

He also defended federal agents who detained a 5-year-old boy while making an immigration arrest.

The recent turmoil “has been created, I think, by a lot of very, frankly, far-left people, also by some of the state and local law enforcement officials who could do a much better job in cooperating,” the Republican vice president said.

“We’re doing everything that we can to lower the temperature," Vance said, adding that he wants "state and local officials to meet us halfway."

The Justice Department is investigating Minnesota's Democratic leaders, including Gov. Tim Walz and Minneapolis Mayor Jacob Frey, over whether they have obstructed or impeded law enforcement through their public statements. Walz and Frey have described the investigation as an attempt to bully the political opposition.

Federal officers stood in a row behind Vance as he spoke, and there were two Immigrants and Customs Enforcement vehicles emblazoned with the slogan “Defend the Homeland.”

His visit follows weeks of aggressive rhetoric from the White House, including President Donald Trump, who has threatened to invoke the Insurrection Act — and send in military forces — to crack down on unrest in the state. Asked about that option, Vance said, "Right now, we don’t think that we need that."

Trump dispatched thousands of federal agents to Minnesota after reports of child care fraud by Somali immigrants. Minneapolis-area officials, including Frey, as well as the police, religious leaders and the business community have pushed back, and outrage grew after an agent fatally shot Renee Good, a mother of three, during a confrontation this month.

Vance has played a leading role in defending that agent, and the vice president previously said Good’s death was “a tragedy of her own making.” On Thursday, he repeated claims that Good “rammed” an agent with her car, an account that has been disputed based on videos of the incident.

Minnesota faith leaders, backed by labor unions and hundreds of Minneapolis-area businesses, are planning a day of protests Friday. Nearly 600 local business have announced plans to shut down, while hundreds of “solidarity events” are expected across the country, according to MoveOn spokesperson Britt Jacovich.

Vance pushed back against such criticism and defended ICE agents who detained the young boy as he was arriving home from preschool.

“When they went to arrest his illegal alien father, the father ran," Vance said. "So the story is that ICE detained a 5-year-old. Well, what are they supposed to do?"

The boy, who was taken by federal agents along with his father to a detention facility in Texas, was the fourth student from his Minneapolis suburb to be detained by immigration officers in recent weeks.

During an appearance in Ohio earlier in the day, Vance praised the arrest of protesters who disrupted a church service in Minnesota on Sunday and said he expects more prosecutions to come. The protesters entered the church chanting “ICE out” and “Justice for Renee Good."

“They’re scaring little kids who are there to worship God on a Sunday morning,” Vance said. “Those people are going to be sent to prison so long as we have the power to do so."

He added: “Just as you have the right to protest, they have a right to worship God as they choose. And when you interrupt that, that is a violation of the law.”

Vance’s stop in Ohio was focused primarily on bolstering the Republican administration’s positive economic message on the heels of Trump's appearance at the World Economic Forum in Davos, Switzerland. The vice president also took the opportunity to boost some of Republicans' important statewide candidates in this fall's midterm elections, including gubernatorial contender Vivek Ramaswamy and U.S. Sen. Jon Husted.

Convincing voters that the nation is in rosy financial shape has been a persistent challenge for Trump during the first year of his second term. Polling has shown that the public is unconvinced that the economy is in good condition and majorities disapprove of how Trump's handling of foreign policy.

Vance urged voters to be patient on the economy, saying Trump had inherited a bad situation from Democratic President Joe Biden.

“You don’t turn the Titanic around overnight,” Vance said. “It takes time to fix what is broken.”

Carr Smyth reported from Columbus, Ohio, and Peoples from New York.

Vice President JD Vance speaks during a news conference on Thursday, Jan. 22, 2026, in Minneapolis. (AP Photo/Angelina Katsanis)

Vice President JD Vance speaks during a news conference on Thursday, Jan. 22, 2026, in Minneapolis. (AP Photo/Angelina Katsanis)

Protesters gather outside an event venue, as Vice President J.D. Vance visits Minneapolis, Thursday, Jan. 22, 2026. (AP Photo/Adam Bettcher)

Vice President JD Vance walks out with Federal law enforcement agents after a news conference on Thursday, Jan. 22, 2026, in Minneapolis. (AP Photo/Angelina Katsanis)

Vice President JD Vance speaks at an industrial shipping facility on the administration's economic agenda and impacts on the Midwest in Toledo, Ohio, on Thursday, Jan. 22, 2026. (Jim Watson/Pool Photo via AP)

Vice President JD Vance speaks at an industrial shipping facility on the administration's economic agenda and impacts on the Midwest in Toledo, Ohio, on Thursday, Jan. 22, 2026. (Jim Watson/Pool Photo via AP)

Vice President JD Vance speaks at an industrial shipping facility on the administration's economic agenda and impacts on the Midwest in Toledo, Ohio, on Thursday, Jan. 22, 2026. (Jim Watson/Pool Photo via AP)

Vice President JD Vance speaks at an industrial shipping facility on the administration's economic agenda and impacts on the Midwest in Toledo, Ohio, on Thursday, Jan. 22, 2026. (Jim Watson/Pool Photo via AP)

NEW YORK (AP) — U.S. stocks rose again Thursday and regained more of their losses for the week following the latest walk back by President Donald Trump from tariffs he had earlier threatened.

The S&P 500 gained 0.5% and added to its big gain from Wednesday, when Trump said he had reached “the framework of a future deal with respect to Greenland” and called off 10% tariffs for European countries that he said opposed his having the Arctic island. The index has recovered most of the losses it took after Trump shook financial markets with his initial tariff threat.

The Dow Jones Industrial Average climbed 306 points, or 0.6%, and the Nasdaq composite rose 0.9%.

It’s the latest example of Trump making a big, initial threat, only to pull back after seeing how much pain it created in financial markets. The pattern has led to the “TACO” acronym, suggesting that “Trump Always Chickens Out” if markets react strongly enough. Tuesday’s drop for the U.S. stock market was the worst since October and large enough that Trump, who often takes credit when Wall Street is doing well, acknowledged “the dip.”

But the pattern has also led to deals for Trump that outsiders may have initially considered unlikely if not for his market-shaking opening moves.

Details are still sparse about the framework of a deal on Greenland that Trump said he reached with the head of NATO. And it is not a signed deal yet.

Financial markets were still showing some signs of nervousness on Thursday. Gold’s price swiveled between small losses and gains before turning 1.6% higher. Its price often rises when investors are looking for something safer to own. The value of the U.S. dollar also weakened against the euro and several other foreign currencies.

But Treasury yields held relatively steady in a signal that foreign investors weren’t rushing out of the U.S. bond market.

Yields got some support from reports on the U.S. economy’s strength that came in better than expected. One said fewer U.S. workers applied for unemployment benefits last week than economists expected in a potential signal that the pace of layoffs remains low. A second suggested the U.S. economy grew at a faster rate during the summer than the government initially estimated.

A third said that inflation in November was close to economists’ expectations, while spending by U.S. consumers was a touch better than expected.

The yield on the 10-year Treasury climbed as high as 4.28% following the reports, but it later eased to 4.25% from 4.26% late Wednesday.

On Wall Street, Northern Trust climbed 6% after reporting a stronger profit for the end of 2025 than analysts expected. CEO Michael O’Grady also said that the financial services company is entering 2026 with “strong momentum across all our businesses.”

Procter & Gamble added 2.6% after likewise delivering a better profit than analysts expected. Revenue for the company behind the Downy, Pantene and Tide brands, though, fell just shy of expectations amid what CEO Shailesh Jejurikar called a “challenging consumer and geopolitical environment.”

Shares of BitGo, a company that helps crypto businesses and traditional financial firms hold and manage digital assets, rose 2.7% in their debut on the New York Stock Exchange. The company priced its stock at $18 per share in its initial public offering, above its earlier estimated range of $15 to $17.

JPMorgan Chase rose 0.5% after a lawsuit filed by Trump against the bank caused minor ripples for its stock. Trump accused JPMorgan Chase of closing his accounts for political reasons after he left office in 2021.

They helped offset an 8.1% drop for spice seller McCormick & Co., whose profit fell short of expectations. CEO Brendan Foley said it continues to face rising costs because of “a shifting global trade environment.”

All told, the S&P 500 rose 37.73 points to 6,913.35. The Dow Jones Industrial Average added 306.78 to 49,384.01, and the Nasdaq composite gained 211.20 to 23,436.02.

In stock markets abroad, indexes climbed across Europe and Asia amid relief on Trump’s walk back of tariffs.

Japan’s Nikkei 225 jumped 1.7%, and Germany’s DAX returned 1.2% for two of the world’s bigger moves.

Global markets also got support from a continued easing of long-term yields in Japan’s bond market. They had spiked early in the week on worries that Japan’s popular prime minister could make moves that would add heavily to the government’s already big debt.

But the 40-year Japanese government bond yield has come back since hitting a record and dropped below 4% on Thursday after hitting 4.22% on Tuesday.

AP Business Writers Chan Ho-him and Matt Ott contributed.

Trader Drew Cohen,; left, and Specialist Patrick King work on the floor of the New York Stock Exchange, Thursday, Jan. 22, 2026. (AP Photo/Richard Drew)

Trader Vincent Napolitano works on the floor of the New York Stock Exchange, Thursday, Jan. 22, 2026. (AP Photo/Richard Drew)

Trader Edward Curran works on the floor of the New York Stock Exchange, Thursday, Jan. 22, 2026. (AP Photo/Richard Drew)

Options traders Anthony Spina, second left, and Brian Garvey, right, work on the floor of the New York Stock Exchange, Wednesday, Jan. 21, 2026. (AP Photo/Richard Drew)

Specialist Anthony Matesic, left, and trader Edward Curran work on the floor of the New York Stock Exchange, Wednesday, Jan. 21, 2026. (AP Photo/Richard Drew)

Trader Daniel Krieger is framed by his computer monitors as he works on the floor of the New York Stock Exchange, Wednesday, Jan. 21, 2026. (AP Photo/Richard Drew)

Specialist Meric Greenbaum works at his post on the floor of the New York Stock Exchange, as a television shows President Donald Trump speaking at the World Economic Forum, Wednesday, Jan. 21, 2026. (AP Photo/Richard Drew)

Trader Michale Smyth works on the floor of the New York Stock Exchange as President Donald Trump speaks at the World Economic Forum, Wednesday, Jan. 21, 2026. (AP Photo/Richard Drew)

Currency traders celebrate as they work in the office with a screen showing the Korea Composite Stock Price Index (KOSPI), center, of over 5,000 points at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Thursday, Jan. 22, 2026. (AP Photo/Ahn Young-joon)

A currency trader passes by a screen showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won, left, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Thursday, Jan. 22, 2026. (AP Photo/Ahn Young-joon)

Currency traders celebrate as they work in the office with a screen showing the Korea Composite Stock Price Index (KOSPI), center, of over 5,000 points at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Thursday, Jan. 22, 2026. (AP Photo/Ahn Young-joon)

Currency traders celebrate as they work in the office with a screen showing the Korea Composite Stock Price Index (KOSPI), center top, of over 5,000 points at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Thursday, Jan. 22, 2026. (AP Photo/Ahn Young-joon)