Close Menu
The Politics
    What's Hot

    Where things stand with Trump’s trade talks with new August 1 tariff deadline looming

    July 14, 2025

    Officials in Flooded Texas Defend Response Amid Threats

    July 14, 2025

    Starbucks employees must return to office 4 days a week under CEO’s policy shift

    July 14, 2025
    Facebook X (Twitter) Instagram
    • Demos
    • Politics
    • Buy Now
    Facebook X (Twitter) Instagram
    The Politics
    Subscribe
    Monday, July 14
    • Home
    • Breaking
    • World War
    • World
      • Africa
      • Americas
      • Asia Pacific
      • Europe
    • Sports
    • Politics
    • Business
    • Entertainment
    • Health
    • Tech
    • Weather
    The Politics
    Home»Business»NYC’s CEOs and business leaders brace for faceoff with socialist mayoral frontrunner
    Business

    NYC’s CEOs and business leaders brace for faceoff with socialist mayoral frontrunner

    Justin M. LarsonBy Justin M. LarsonJuly 14, 2025No Comments5 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    Share
    Facebook Twitter Pinterest Email Copy Link


    Panelists Byron York and Mark Halperin discuss the growing concerns of Zohran Mamdani’s success in New York on ’Kudlow.’

    New York City’s leading CEOs who employ thousands at some of the world’s biggest companies, such as JPMorgan and Pfizer, didn’t expect to be sweating it out at a meeting with mayoral socialist Democratic candidate Zohran Mamdami in the middle of July.  

    “Most of the business leaders knew Cuomo from his many years as governor and attorney general and frankly expected him to win the Democratic primary. So, they were both surprised and very curious about the primary winner”, Kathryn Wylde, CEO Partnership for New York City, told FOX Business. 

    As a result, the organization, which drives over $236 billion in economic output, will host two “informal and conversational” style meetings on Tuesday and Wednesday, with 150 attendees expected at both, to discuss policy issues with Mamdani.  

    While business leaders are on edge about the leading candidate, they are encouraged he is proactively engaging with executives, unlike the last socialist mayor, former Mayor Bill DeBlasio, who did no outreach to this group, according to Wylde. She notes that Mayor Eric Adams, who will face off with Mamdani, has been “terrific.”

    NYC REAL ESTATE MOGULS PUMP UP ADAMS AGAINST MAMDANI

    Zohran Mamdani and Eric Adams, NYC mayor's race

    Zohran Mamdani, right, and New York City Mayor Eric Adams. (Getty Images)

    That said, NYC business leaders are concerned about three major issues with Mamdani, first his inexperience at just 33-years old. The other two are weightier. “On the policy front, the fear is this is a socialist coming into office. It is not clear to them, I mean, the fear is, is this going to be a war against the business community or can we have a solid working relationship?” she explained, adding his position on Israel is a major concern. “The sensitivities in the Jewish community to his clarifying his position on Israel, how he’s going to hopefully bridge to the Jewish community, to reassure the Jewish community” she added. 

    WEALTHY NEW YORKERS MAY FLEE NYC FOR FLA IF MAMDANI WINS

    FOX Business’ inquiries to Mandani were not immediately returned. 

    On Monday, a new digital Times Square billboard is set to debut, the New York Post reported. “Ready to Flee New York” it reads with Mamdani’s picture, split against “Move to Ohio” featuring Vivek Ramaswamy, who is running for Governor of Ohio. 

    During a conference in Ireland last week, JPMorgan CEO Jamie Dimon didn’t sugarcoat his view of Mamdami. 

    Ticker Security Last Change Change %
    JPM JPMORGAN CHASE & CO. 286.86 -1.33 -0.46%

    “He’s more of a Marxist than a socialist, and now you see these Democrats falling all over themselves saying, ‘Well, he’s pointing out some real problems, affordable housing and grocery prices,'” Dimon said at an event in Ireland on Thursday.

    Jamie Dimon, Mamdani

    Jamie Dimon, CEO of JPMorgan Chase & Co., speaks during an event in Dublin on Thursday, July 10, 2025. (Photographer: Patrick Bolger/Bloomberg via Getty Images)

    Mamdani, Dimon argued, pushes “the same ideological mush that means nothing in the real world.”

    The bank is currently finalizing its $3-billion, 60-story Midtown Manhattan state-of-the-art headquarters, which is expected to house up to 14,000 employees. It also boasts an Irish pub and other perks, FOX Business reported. Dimon has been a staunch proponent of his employees returning to the office five days a week. 

    More business leaders are expected to step up. “New Yorkers for a Better Future Mayor 25” was created, working to raise $20 million to fund an anti-Mamdani campaign, according to The Wall Street Journal.

    ACKMAN BACKS ADAMS, RAISES WARNING ON MAMDANI

    Bill Ackman, Mamdani, socialist Mamdani

    William “Bill” Ackman, founder and chief executive officer of Pershing Square Capital Management LP. (Chris Ratcliffe/Bloomberg via Getty Images / Getty Images)

     

    Billionaire hedge fund manager Bill Ackman told Mamdani, in a lengthy X post, his winning office will be the “death knell” to NYC’s economy.  

    Excerpts of Bill Ackman’s X Post 

    “I am opposed to you being mayor because your policies will be extremely damaging to NYC and all of its residents, in particular the most vulnerable New Yorkers. Your anti-NYPD defund-the-police historical advocacy will lead to an increase in crime, particularly in the poorest neighborhoods in the City. The NYPD’s confidence that the mayor has their back is critical for successful policing of crime….

    “A mayor committed to socialism will be the death-knell for NYC’s economy. Construction will come to a halt. Businesses will relocate or move their expansions to other cities. Our largest tax payers will leave, decimating the tax base. You say you don’t want billionaires and other wealthy NYC residents. You will get what you ask for, and the city will suffer the deficits that come from their exodus. And yes, your unwillingness to condemn calls for a global intifada speaks volumes about you how will manage and support the diverse ethnic groups that make up our great multicultural city…

    “Meanwhile you fail to condemn calls for the murder of Jews around the world. How would you feel if the future mayor of NYC failed to condemn calls for the murder of your people? What if he failed to condemn calls for the murder of the black community, Catholics or Hindus? Is that the mayor you would want or that NYC deserves?”

    BILLIONAIRE THREATENS TO CLOSE HIS NYC GROCERY STORE IF SOCIALIST WINS

    Billionaire John Catsimatidis, owner of the Red Apple Group that runs NYC supermarkets Gristedes and D’Agostino as well as real estate investments, has threatened to close the shops if Mamdani gets in. 

    John Catsimatidis on oil cuts

    Red Apple Group’s founder, John Catsimatidis, owns NYC’s Gristedes and D’Agostino supermarkets as well as energy and real estate investments.  (Fox News  / Fox News)

    New York City’s economy represents 9% of the U.S., according to the State of the Economy report, NYCEDC, which notes the city has $2 trillion in gross metropolitan product. 

    CLICK HERE TO READ MORE ON FOX BUSINESS



    Source link

    Related

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    Justin M. Larson
    • Website

    Related Posts

    Business

    Starbucks employees must return to office 4 days a week under CEO’s policy shift

    July 14, 2025
    Business

    Trump gives Putin 50-day Ukraine ceasefire deadline or face tariffs

    July 14, 2025
    Business

    Fed official says US economy doesn’t see immediate need for interest rate cuts

    July 14, 2025
    Business

    Tax cuts for private jet buyers expected to lead to surge in sales

    July 14, 2025
    Business

    More U.S. housing markets see falling home prices

    July 14, 2025
    Business

    USPS stamp prices jump as agency works to reverse $160B in projected losses

    July 14, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    • Africa
    • Americas
    • Asia Pacific
    • Breaking
    • Business
    • Economy
    • Entertainment
    • Europe
    • Health
    • Politics
    • Politics
    • Sports
    • Tech
    • Top Featured
    • Trending Posts
    • Weather
    • World
    • World War
    Economy News

    Where things stand with Trump’s trade talks with new August 1 tariff deadline looming

    Justin M. LarsonJuly 14, 20250

    Where things stand with Trump’s trade talks with new August 1 tariff deadline looming -…

    Officials in Flooded Texas Defend Response Amid Threats

    July 14, 2025

    Starbucks employees must return to office 4 days a week under CEO’s policy shift

    July 14, 2025
    Top Trending

    Where things stand with Trump’s trade talks with new August 1 tariff deadline looming

    Justin M. LarsonJuly 14, 20250

    Where things stand with Trump’s trade talks with new August 1 tariff…

    Officials in Flooded Texas Defend Response Amid Threats

    Justin M. LarsonJuly 14, 20250

    A commissioner in Kerr County, where the worst flooding occurred, said people…

    Starbucks employees must return to office 4 days a week under CEO’s policy shift

    Justin M. LarsonJuly 14, 20250

    Starbucks CEO Brian Niccol speaks with FOX Business’ Liz Claman from the…

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    Advertisement
    Demo
    Editors Picks

    Review: Record Shares of Voters Turned Out for 2020 election

    January 11, 2021

    EU: ‘Addiction’ to Social Media Causing Conspiracy Theories

    January 11, 2021

    World’s Most Advanced Oil Rig Commissioned at ONGC Well

    January 11, 2021

    Melbourne: All Refugees Held in Hotel Detention to be Released

    January 11, 2021
    Latest Posts

    Review: Russia’s Putin Sets Out Conditions for Peace Talks with Ukraine

    January 20, 2021

    Review: Implications of San Francisco Govts’ Green-Light Nation’s First City-Run Public Bank

    January 20, 2021

    Queen Elizabeth the Last! Monarchy Faces Fresh Demand to be Axed

    January 20, 2021
    Advertisement
    Demo
    Editors Picks

    Where things stand with Trump’s trade talks with new August 1 tariff deadline looming

    July 14, 2025

    Officials in Flooded Texas Defend Response Amid Threats

    July 14, 2025

    Starbucks employees must return to office 4 days a week under CEO’s policy shift

    July 14, 2025

    What I Wish I Knew About Oncology Clinical Trials

    July 14, 2025
    Latest Posts

    Review: Russia’s Putin Sets Out Conditions for Peace Talks with Ukraine

    January 20, 2021

    Review: Implications of San Francisco Govts’ Green-Light Nation’s First City-Run Public Bank

    January 20, 2021

    Queen Elizabeth the Last! Monarchy Faces Fresh Demand to be Axed

    January 20, 2021
    Advertisement
    Demo
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • US Politics
    • EU Politics
    • Business
    • Opinions
    • Connections
    • Science

    Company

    • Information
    • Advertising
    • Classified Ads
    • Contact Info
    • Do Not Sell Data
    • GDPR Policy
    • Media Kits

    Services

    • Subscriptions
    • Customer Support
    • Bulk Packages
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 The Politics Designed by The Politics.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.