Luxurious realtor Margit Brandt discusses whether or not Zohran Mamdani’s victory will ignite a mass exodus from New York Metropolis on ‘Varney & Co
Mayor-elect Zohran Mamdani stated Wednesday he’s ready to fulfill with JPMorgan Chase CEO Jamie Dimon and different finance titans as Wall Avenue braces for a brand new period of progressive management at Metropolis Corridor.
Mamdani, elected Tuesday night time to guide the nation’s largest metropolis, will take workplace amid heightened anticipation from each political and enterprise leaders.
A progressive upstart from Queens, Mamdani has positioned affordability on the middle of his agenda for New York Metropolis.
Zohran Mamdani arrives for an election night time occasion at The Brooklyn Paramount Theater in New York, on Nov. 4, 2025. (Adam Grey/Bloomberg/Getty Photographs)
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All through his marketing campaign, he has proposed measures corresponding to free bus service, city-owned grocery shops and lease freezes.
A few of his extra bold concepts have rattled Wall Avenue, drawing a few of his fiercest critics. The conflict underscores a widening divide between progressive visions for town and the monetary sector that has lengthy powered it.
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JPMorgan Chase’s Jamie Dimon had beforehand stated he would assist Mamdani if he gained the seat. (Jeenah Moon/Bloomberg by way of Getty Photographs)
Dimon had beforehand stated he would assist Mamdani if he gained the seat. Following the victory, billionaire Invoice Ackman wrote on X that if he might assist, Mamdani ought to “simply let me know what I can do.”
The Pershing Sq. chief beforehand pledged to finance another candidate to Mamdani, ought to one emerge. He additionally warned that Mamdani’s monetary plan would “destroy jobs and trigger companies and rich taxpayers” to depart New York.
Treasury Secretary Scott Bessent has beforehand stated Mamdani’s financial proposals threat driving New York Metropolis into monetary disaster, warning that if town turns to Washington for a bailout, it gained’t obtain one.
Treasury Secretary Scott Bessent speaks to members of the media outdoors the White Home on Oct. 22, 2025. (Aaron Schwartz/CNP/Bloomberg by way of Getty Photographs)
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“You may’t enact insurance policies like this and anticipate to be bailed out,” Bessent stated throughout an interview on Sept. 24 with FOX Enterprise’ Maria Bartiromo on “Mornings with Maria.”
“And are you going to offer them that bailout?” Bartiromo pressed.
“It is going to be the identical factor that Gerald Ford stated. Drop lifeless,” Bessent stated.
