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Hello subscribers,
Today, we're going to walk you through one of the most shocking, consequential, and frankly explosive local elections America has seen in years:
🗽 The 2025 New York City Mayoral Race.
Below you'll find the full story, unfiltered, with all the context you need to understand why Wall Street is terrified, why the city is polarized, and why the stakes have never been higher.
Grab your coffee. Let's dive in.
⚡️ THE SHOCKING PRIMARY RESULT
People are saying the New York mayoral election result was truly shocking. But this wasn’t actually the general election—it was the Democratic primary.
Still, because New York is such a strong Democratic stronghold, the winner of the primary is effectively the frontrunner for mayor.
On June 24th, they held the first round of the Democratic primary. Some might ask:
“Why is even a primary result such big news?”
It’s because this result genuinely shocked not only New Yorkers but people across the United States.
🗳️ BUT WHAT ABOUT THE REPUBLICAN?
You might ask:
“Doesn’t the Republican Party have a candidate too?”
They do. The Republican nominee is Curtis Sliwa, the founder of the Guardian Angels—a civilian group known for fighting crime. He’s famous for wearing that red beret.
But why doesn’t anyone talk much about the Republican candidate?
Because New York has been a deep-blue Democratic stronghold for a long time.
Just look at the presidential elections:
2012: Obama got 81% of NYC’s vote.
2016: 79.9%.
2020: Biden received 76.1%.
2023: Even Kamala Harris—despite being less popular nationally—still got 68% in NYC.
In short?
If you're the Democratic nominee in NYC, you’re almost guaranteed to win the general election.
Sure, if the Republican candidate were truly exceptional, it might be different. But Curtis Sliwa doesn’t look like he can mount a serious challenge right now.
That’s why winning the Democratic primary is almost the same as winning the mayoralty.
Some older folks might say:
“Wait, didn’t Giuliani or Bloomberg win as Republicans?”
Yes. But that was 20+ years ago.
Bloomberg’s last term ended in 2009 (16 years ago).
Giuliani’s tenure was even further back—about 30 years ago.
So you might remember that era fondly, but those days are gone.
Today, winning the Democratic primary = winning the mayor’s office.
🏛️ THE ESTABLISHMENT FRONTRUNNER: ANDREW CUOMO
Let’s look at the primary itself.
Who was the strongest candidate originally?
✅ Andrew Cuomo.
The former governor of New York.
He served as governor for 10 years, from 2011 to 2021. You probably recognize him.
He was well-known even internationally for his COVID-19 briefings.
He even did joint interviews with his brother Chris Cuomo, a CNN anchor. These were famous for being both combative and funny:
Chris: “Governor, thank you—but remember to call Mom!”
Andrew: “I called her yesterday. She said you’re her second-favorite son.”
These went viral on YouTube and social media.
Cuomo was the ultimate Democratic insider in New York politics.
His father was also a Democratic governor.
He was HUD Secretary under President Clinton.
He married Robert F. Kennedy’s daughter in 1990, cementing himself in America’s political aristocracy.
He’d won almost every race he'd ever run:
✅ NY State Attorney General in 2006.
✅ Governor in 2010.
✅ Easily re-elected.
He had a near-unbeatable machine:
Huge name recognition.
All the connections.
Overwhelming Wall Street money and insider support.
When he entered the mayor’s race?
“Well, that’s that. It’s over. He’s going to win.”
But Cuomo had one big weakness.
👉 The sexual harassment scandal that forced him to resign in 2021.
Multiple women accused him of unwanted comments and touching.
He denied it was harassment. Said he was just “warm” and “family-like.”
But the state investigation found credible evidence of repeated unwanted contact and sexual comments.
Even President Biden called for his resignation.
Facing impeachment, he resigned in August 2021.
This scandal permanently tainted him for many voters.
Yet, when he announced for mayor in 2025, people thought:
✅ He still had the machine.
✅ He had the money.
✅ He had the insider backing.
He said:
“Maybe I made mistakes. I didn’t do what they say, but I learned. I’ll show you a better side as mayor.”
Wall Street, real estate developers, the city’s richest power brokers?
✅ Overwhelmingly on his side.
Early April polls?
Cuomo at 45% among Democrats.
Closest rival? 22%.
With just two months to go?
“It’s over.”
Or so they thought.
💥 ENTER JORAN MAMDANI
But then came the shock.
Another candidate—Joran Mamdani—began to surge in the polls in a way nobody expected.
February? 1%.
March? 10%.
May? 22%.
June? 32%.
On June 24th, he won the Democratic primary with 43.5% of the vote.
✅ Beating Cuomo’s 36.4%.
It was a stunning upset.
The city—and the country—was shocked.
How could someone go from 1% to victory in 4 months?
🧭 WHO IS JORAN MAMDANI?
✅ 33 years old (born 1991).
✅ Would be NYC’s youngest mayor in over 100 years (since 1913).
✅ Immigrant—born in Uganda to Indian parents.
✅ Moved to the U.S. at 7.
✅ Became a U.S. citizen in 2018.
The opposite of Cuomo’s elite pedigree.
He was even an amateur rapper, calling himself a “beat rapper” as a hobby.
But he built credibility from the ground up:
Worked as a foreclosure prevention counselor, helping tenants avoid eviction.
Became active in the community.
Elected to the State Assembly in 2020.
When he ran for mayor?
Cuomo dismissed him as:
“A kid. Inexperienced. Unprepared to run NYC.”
But in a debate, Mamdani shot back:
“Sure, I don’t have experience. But you know what experience I don’t have? Scandals. Maybe experience isn’t always good.”
✅ It went viral.
He was quick, charismatic, and connected with frustrated voters.
🏠 HIS RADICAL PLATFORM
But none of that alone explains the surge from 1% to 44%.
✅ It was his platform that truly resonated.
Crystal clear message:
Social welfare and housing reform.
Headline proposals:
✅ Free bus service.
✅ Free childcare.
✅ Free public education.
✅ Free university tuition.
How would he pay for it?
✅ Taxes on the wealthy.
NYC is full of millionaires and billionaires, especially in Manhattan and Wall Street.
He argued:
Even a small tax increase on them raises billions.
He proposed:
Freeze rents for about 1 million tenants (43% of units).
200,000 new affordable units in 10 years.
Double the public housing budget.
Raise city corporate tax from 8–9% to 11.5%, adding $5 billion.
Extra 2% income tax on those earning over $1 million.
He called it “cradle-to-grave care.”
He promised to tackle the housing crisis:
Median 2-bedroom rent over $5,500.
Vacancy rates below 1.5%.
Evictions and displacement everywhere.
“I’ll stop the rent from rising. I’ll build new housing. I’ll tax the rich to pay for it.”
Meanwhile?
✅ Cuomo couldn’t credibly promise any of that.
Why?
✅ His donors were the people Mamdani proposed to tax.
Cuomo’s campaign was funded by:
Wall Street billionaires.
Developers.
Landlords.
✅ Dominated by huge super PAC checks.
Mamdani’s donations?
✅ Mostly small donors giving under $100.
Cuomo was tied to:
✅ The establishment.
✅ The wealthy elite.
✅ The old political machine.
Mamdani was:
✅ Anti-establishment.
✅ Funded by ordinary people.
✅ Fighting for tenants and the working class.
He even ran theatrical stunts:
Jumped into freezing ocean water in a suit to show he'd "freeze rents."
He got endorsements from:
✅ Alexandria Ocasio-Cortez.
✅ Bernie Sanders.
Meanwhile, Cuomo looked like an out-of-touch, scandal-tainted, Wall Street-backed old-school politician.
His harassment scandal never went away.
✅ He refused to apologize.
✅ Insisted he was just “warm and friendly.”
✅ Many voters felt he never took responsibility.
In the end?
✅ He couldn’t shake his image as a corrupt, establishment figure.
✅ Mamdani won the first round with 43.5% to Cuomo’s 36.4%.
Cuomo conceded immediately.
✅ Mamdani effectively became the Democratic nominee—and thus the clear favorite to become NYC’s next mayor.
🌆 THE AFTERSHOCKS: WALL STREET GOES INTO PANIC
Although the primary was just the first round, Cuomo’s concession made Mamdani the de facto Democratic nominee.
And in New York City?
✅ That practically means he’ll be the next mayor.
But this result set off a wave of anxiety—especially on Wall Street.
Because Mamdani isn’t just any progressive.
✅ He calls himself a democratic socialist.
What does that mean in American terms?
It’s the European model:
✅ High taxes on the wealthy.
✅ Comprehensive social welfare.
✅ Free education, free healthcare.
✅ Rent control, public transit.
He says it openly:
“I am a democratic socialist.”
That label alone sent shockwaves through the business community.
💬 THE TRUMP RESPONSE
Former President Trump weighed in on social media:
“Can you believe it? A 100% communist fanatic is about to become mayor of New York, the heart of capitalism.”
He called Mamdani a communist.
Even though Mamdani obviously isn’t proposing Marxist-Leninist abolition of private property.
Trump’s son went even further:
“I remember when New Yorkers survived 9/11. Now they’re about to elect a Muslim who will destroy the city.”
A direct hit on Mamdani’s background as a Muslim immigrant.
Of course, Mamdani isn’t proposing to abolish capitalism.
✅ He’s proposing European-style social democracy:
Regulate rents.
Offer public services.
Raise taxes on the rich to pay for them.
But for Wall Street, that was scary enough.
⚠️ WALL STREET’S TOTAL PANIC
After the primary result?
One headline summed it up:
“Wall Street first reacted with shock—and now with deep gloom.”
Why?
Because Mamdani has explicitly said he wants to:
✅ Impose higher taxes on capital gains, dividends, corporate profits.
✅ Rein in speculation.
✅ Tax unearned investment income heavily and redistribute it.
That’s the opposite of the low-tax, deregulatory environment Wall Street loves.
One business newspaper even ran a furious editorial:
“New York People’s Republic?”
They warned that if Mamdani wins, NYC will adopt:
✅ Left-wing populist economics.
✅ Rent controls.
✅ Wealth redistribution.
✅ Punitive taxes on high earners and corporations.
Some big investors went even further:
“Electing Mamdani as mayor is economic suicide for New York City.”
One hedge fund billionaire (himself Jewish) reportedly woke up to the news of Mamdani’s victory and said he felt depressed all day.
He then spent the day strategizing how to stop Mamdani in the general election.
🗺️ THE NOVEMBER CALCULATION: STOP HIM AT ALL COSTS
Now Wall Street has about four months until the general election in November.
But who can they back?
✅ Curtis Sliwa?
Republican.
Seen as unelectable in NYC.
✅ Eric Adams?
Current mayor.
Democrat.
Under federal investigation for corruption.
Losing popularity.
🧩 DESPERATE SCHEMES
They’re even floating weird strategies:
✅ “What if Cuomo runs as an independent?”
✅ “What if Adams runs as an independent?”
They don’t care if it splits the Democratic vote—as long as it divides it enough to let Curtis Sliwa win.
They’re literally saying they’d prefer even a Republican if it stops Mamdani.
They’re also exploring whether they can rehabilitate Adams’s image, despite his corruption issues, to make him a viable anti-Mamdani candidate.
Basically?
✅ They’re throwing around every idea they can to block Mamdani in November.
📺 THE MEDIA WAR BEGINS
Meanwhile, the media battle is ferocious.
✅ Business outlets and establishment voices are running relentless negative stories about Mamdani, warning of economic ruin if he wins.
✅ Progressive outlets are cheering him on as the bold reformer NYC needs.
The entire situation?
✅ Resembling a mini-presidential campaign.
Complete with:
✅ Personal attacks.
✅ Ideological warfare.
✅ Desperate strategies on both sides.
⚔️ THE BATTLE LINES FOR NOVEMBER
Right now, here’s the lay of the land:
✅ Democratic nominee:
Joran Mamdani—33-year-old democratic socialist promising rent freezes, big taxes on the rich, and massive public services.
✅ Republican nominee:
Curtis Sliwa—Guardian Angels founder, seen as unelectable in NYC.
✅ Current mayor:
Eric Adams—scandal-plagued, losing popularity, possibly running as an independent.
✅ Rumors:
Cuomo himself might try an independent run to split the vote.
No one knows how it will shake out.
But everyone agrees:
NYC’s November election is shaping up to be one of the most dramatic and unpredictable in its history.
🧨 THE WALL STREET STRATEGY: ANYONE BUT MAMDANI
Wall Street and New York’s business elite are now completely focused on one goal:
Stopping Joran Mamdani from winning in November.
They’re openly saying things like:
“Anyone but Mamdani.”
✅ They don’t care if the alternative is Republican or Democrat.
✅ Adams, Cuomo, Sliwa—it doesn’t matter.
Anyone who can stop Mamdani is better, in their eyes.
Why?
Because from their perspective, Mamdani’s platform is an existential threat to their wealth and power in New York.
He’s promised:
✅ Rent freezes for nearly half the city’s renters.
✅ Huge tax hikes on millionaires and corporations.
✅ Using that money for free transit, free childcare, free college, massive new public housing.
These are policies that would hit the city’s richest residents and businesses hardest.
Wall Street Journal editorials warn that electing him would turn NYC into:
“The People’s Republic of New York City.”
A socialist experiment that would scare off investment and wealthy residents.
Business leaders are terrified of exactly that.
✅ Rich people leaving.
✅ Investment drying up.
✅ Property values falling.
They see Mamdani’s victory in the Democratic primary as a warning sign:
✅ Their political control of the city is slipping.
🔎 SPLITTING THE VOTE
They know Curtis Sliwa can’t win outright in a city that votes 70% Democrat.
So they’re thinking about splitting the anti-Mamdani vote.
For example:
✅ Pushing Eric Adams to run as an independent—even though he’s under investigation.
✅ Persuading Andrew Cuomo to re-enter as an independent despite his humiliating primary defeat.
The idea?
✅ Split the Democratic vote among Mamdani, Adams, and Cuomo.
✅ Let Sliwa sneak through with the largest share.
They don’t even care if it means electing a Republican.
✅ They just want to stop Mamdani.
This is not idle talk.
There are serious strategy sessions, lobbying efforts, and meetings happening right now in Manhattan’s boardrooms.
✅ Figuring out how to make it happen.
✅ Discussing pouring enormous sums into negative ad campaigns against Mamdani.
🗣️ THE MAMDANI RESPONSE
Meanwhile, Mamdani’s team knows what’s coming.
They’re preparing for an all-out, scorched-earth general election fight.
They’re betting they can hold onto the coalition that powered them in the primary:
✅ Young voters (he won 52% among voters under 45 vs. Cuomo’s 18%).
✅ Renters furious about soaring housing costs.
✅ Progressive activists energized by his “democratic socialist” message.
✅ Small donors giving under $100 but in huge numbers.
Mamdani’s people argue that Wall Street’s money can’t buy them love this time.
✅ The people are too fed up.
They point to the city’s housing crisis:
Median rents of $5,000–6,000/month.
Vacancy rates below 1.5%, leaving many without options.
Long-time residents being forced out.
They say:
Cuomo couldn’t promise to fix that because his donors are the landlords.
Mamdani says:
He’s unbought and unbossed, funded by ordinary people.
✅ Promises to fight for NYC’s 100 million renters with:
A citywide rent freeze for 1 million tenants.
Massive new affordable housing construction.
Doubling the city’s public housing budget.
Taxing the rich to pay for it all.
He’s also promising:
✅ Free bus service.
✅ Free childcare.
✅ Free public college tuition.
✅ A big minimum-wage hike to $30/hour by 2030.
He says he’ll pay for it with:
✅ Higher income taxes on millionaires.
✅ Higher corporate taxes on Wall Street.
✅ Closing tax loopholes for the wealthiest.
These promises are why he went from 1% to 44% in just four months.
✅ And it’s also why the business elite is panicking.
⚖️ THE IDEOLOGICAL BATTLE
The ideological clash is stark.
✅ Mamdani represents the Bernie Sanders / AOC wing of the Democratic Party.
He even got public endorsements from:
✅ Alexandria Ocasio-Cortez.
✅ Bernie Sanders.
They praise him as a bold fighter for working-class New Yorkers.
He’s a self-described democratic socialist, unashamed of the term.
✅ Says the European model of high taxes and social spending is exactly what NYC needs.
Cuomo, by contrast?
✅ Old-school.
✅ Wall Street-friendly.
✅ Centrist Democratic establishment.
✅ Big money, elite endorsements, party backing.
But in the end?
✅ He couldn’t survive the combination of his harassment scandal and Mamdani’s insurgent campaign.
Cuomo’s refusal to apologize for his alleged misconduct only deepened voter distrust.
Now, with Cuomo out, the establishment is scrambling for Plan B.
✅ Eric Adams is wounded by corruption probes.
✅ Curtis Sliwa is too weak as a Republican.
So Wall Street is openly discussing:
“We don’t care who. Anyone but Mamdani. We’ll back anyone who can beat him—even a Republican.”
📰 THE MEDIA DIVIDE
NYC’s press is also deeply divided.
✅ Pro-business papers:
Running frantic editorials warning of economic ruin.
Calling Mamdani’s plan a socialist nightmare.
✅ Progressive outlets:
Hailing his victory as a historic chance to remake the city for ordinary people.
The debate is intense, polarizing, ideological.
✅ More like a national presidential race than a local mayoral one.
And with the general election set for November?
✅ Only a few months left to fight it out.
No one knows how it will end.
But one thing is certain:
The 2025 New York City mayor’s race is shaping up to be the most dramatic, ideologically charged, and unpredictable in living memory.
🌇 THE RISING TENSION AS NOVEMBER LOOMS
As November approaches, the stakes are getting painfully clear.
For Wall Street and New York’s business elite, the fear is real and openly admitted.
You hear them say:
“If Mamdani wins, we’re screwed.”
They believe:
✅ His tax hikes and rent freezes will tank real estate prices.
✅ Wealthy residents will flee.
✅ New investment will dry up.
✅ Finance and tech jobs will vanish.
Their nightmare?
✅ That NYC becomes a “socialist experiment” that scares off the very people who fund its massive budget.
Because NYC relies heavily on taxes from the ultra-wealthy:
✅ Income taxes on high earners.
✅ Property taxes on luxury real estate.
✅ Taxes on Wall Street profits.
If those people leave or stop investing?
✅ City finances could collapse.
That’s the core of the business community’s nightmare scenario.
Some investors are even making dark jokes behind closed doors:
“If Mamdani wins, it’s like New York committing suicide.”
Others are less dramatic but just as worried.
✅ They’re meeting constantly in Midtown offices.
✅ Debating who to back.
✅ How much money to raise.
✅ What kind of ads to run.
They’re planning record-breaking levels of outside spending.
🔥 THE POPULIST COUNTER-STRATEGY
Meanwhile, Mamdani is leaning in.
✅ He knows Wall Street hates him.
✅ He’s using that as a badge of honor.
His team says:
“Look how scared they are. That proves we’re fighting for regular people.”
✅ They’re turning Wall Street’s panic into fuel for their populist message.
Mamdani is also framing the election as a generational fight.
✅ A sharp line between older, wealthier homeowners and younger, poorer renters.
He knows:
✅ Younger voters are much more likely to support him.
In the primary?
✅ He got over 50% support among voters under 45.
✅ Cuomo got just 18%.
That’s Mamdani’s path to victory in November:
✅ Mobilize renters.
✅ Younger people.
✅ The working class.
He’s also betting on rage over the city’s brutal housing crisis:
✅ Median rents for a 2-bedroom over $5,500.
✅ Vacancy rates below 1.5%, making it nearly impossible to find a place.
✅ Evictions and displacement pushing long-time residents out.
He’s promising:
✅ Freeze rents for over a million people.
✅ 200,000 new affordable units in 10 years.
✅ Doubling the public housing budget.
✅ Making the rich pay for it through higher taxes.
That’s why Wall Street’s plan is to divide the anti-Mamdani vote.
✅ They’re pushing Eric Adams to run as an independent, even though he’s under federal investigation.
✅ Floating the idea of Cuomo reentering as an independent—even after his humiliating primary loss.
They don’t care if those candidates split the Democratic vote and let a Republican win.
✅ They’re fine with Curtis Sliwa winning if it blocks Mamdani.
In their minds? Anything is better than a democratic socialist in City Hall.
💰 THE MONEY WAR
Right now?
✅ It’s a chaotic, even desperate, strategy session.
There are rumors of big donors promising tens of millions in independent expenditure money to attack Mamdani.
✅ Some of it will go to branding him as “too extreme,” “radical,” or “anti-business.”
✅ Some will target his personal background—as a Muslim immigrant who has criticized Israel’s military actions.
Which is especially controversial in Manhattan’s large, wealthy Jewish community.
Mamdani knows those attacks are coming.
✅ He’s bracing for a brutal, no-holds-barred general election.
But he’s also getting ready to hit back.
He’ll say:
“Of course the billionaires hate me. I’m going to make them pay their fair share. They’ve had it too good for too long while the rest of us get priced out.”
That message?
✅ It resonates powerfully with:
Renters.
Younger voters.
Immigrants.
Working-class New Yorkers priced out of their neighborhoods.
In other words, the battle lines are clear:
✅ Mamdani’s camp:
The working class.
Renters.
Progressives.
Young people.
✅ Anti-Mamdani camp:
Real estate industry.
Wall Street.
Big business.
Wealthy donors.
The stakes?
✅ Existential for both sides.
✅ For Mamdani’s supporters?
“This is the best chance in decades to finally shift power away from the real estate and financial elite.”
✅ For his opponents?
“This is an emergency to stop what they see as an economic disaster.”
No wonder people are comparing this mayor’s race to a presidential election in its intensity.
✅ Massive ideological divides.
✅ Deep class conflict.
✅ Personal scandals (Cuomo’s harassment allegations, Adams’s corruption probe).
✅ Wildly different visions of what New York City should be.
And with only a few months until November?
✅ Everyone is preparing for an ugly, all-out war for the future of America’s biggest city.
🗽 THE FINAL SHOWDOWN
Here’s the messy, realistic picture of November:
✅ Democratic nominee:
Joran Mamdani.
✅ 33-year-old democratic socialist.
✅ Radical housing and tax plans.
✅ Built a movement of renters, young people, progressives, small donors.
✅ Republican nominee:
Curtis Sliwa.
✅ Longtime anti-crime activist.
✅ Famous for his red beret, Guardian Angels.
✅ Seen as unelectable in a 70% Democratic city.
✅ Current mayor:
Eric Adams.
✅ Democrat under federal investigation for corruption.
✅ Rapidly losing popularity.
✅ Considering running as an independent.
✅ Andrew Cuomo:
✅ The establishment’s disgraced golden boy.
✅ Lost the primary in humiliating fashion.
✅ But some donors want him back as an independent just to split the vote and stop Mamdani.
Wall Street is so worried they’re considering every scheme imaginable.
✅ They don’t care about party labels anymore.
✅ They’ll back a Republican if it blocks Mamdani.
✅ They’ll support an indicted Democrat if it blocks Mamdani.
✅ They’re even trying to resurrect Cuomo’s career after his disgrace.
It’s a purely:
“Anyone But Mamdani” strategy.
✅ They’re brainstorming every possible way to split the anti-Mamdani vote.
✅ Sabotage his base.
✅ Saturate the city with attack ads.
And it’s not just talk.
✅ Manhattan’s most powerful real estate developers, financiers, hedge fund billionaires—they’re actually meeting to coordinate money and messaging.
✅ They know time is short.
✅ The general election is in November.
✅ They have four months to find and fund a viable challenger.
✅ Meanwhile, Mamdani’s team is preparing for all of it.
✅ They know the attacks are coming.
They’re ready to say:
“Of course they hate me. I’m going to make them pay their fair share. They’ve run this city for themselves for too long while the rest of us get priced out.”
That message is designed to resonate with:
✅ Renters angry about $5,000–$6,000 monthly rents.
✅ Immigrants and people of color who feel shut out of the city’s wealth.
✅ Younger voters wanting radical change.
✅ Progressive activists who see this as a once-in-a-generation chance to break Wall Street’s grip.
The result?
✅ The 2025 New York City mayor’s race is shaping up to be one of the most dramatic, divisive, and consequential in the city’s history.
🗞️ Stay tuned. The battle for the future of New York City is just getting started.
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