Mamdani on Homeless, Trump Cuts and NYC's Economy

Watch on YouTube ↗  |  January 29, 2026 at 22:51  |  11:48  |  Bloomberg Markets
Speakers
Zohran Mamdani — Mayor of New York City
Myles — Author, Value Zoomer (Substack)

Summary

New York City Mayor Zohran Mamdani speaks with Myles Miller about homelessness and cold-weather outreach, the city's $12 billion budget deficit, Wall Street bonuses, and threatened federal funding cuts to sanctuary cities. Mamdani also discusses his relationship with Governor Kathy Hochul, plans to tax wealthy residents and profitable corporations, business regulation, housing reform, and a recent antisemitic incident. The interview is primarily political and fiscal, with few direct investment conclusions.

  • Mamdani describes cold-weather outreach and shelter efforts for homeless New Yorkers.
  • He says Wall Street bonuses are helpful but insufficient to close a $12 billion city deficit.
  • He blames prior city and state leaders for structural fiscal mismanagement.
  • He says threatened federal cuts to sanctuary cities would devastate New York City.
  • He supports higher taxes on millionaires and profitable corporations.
  • He wants to work with business and labor while enforcing rules against junk fees and law-breaking.
  • He calls housing the city's preeminent crisis and backs faster building.
  • He condemns an antisemitic incident and pledges to protect Jewish New Yorkers.
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