We can increase affordability in America by building more homes, creating more food, drilling more oil, deregulating key industries, and reducing government involvement in healthcare.Increasing supply reduces prices, not redistributing scarce resources. ...

Economic and Market Overview - The global market pullback has been influenced by warnings from Wall Street CEOs, with Bitcoin entering bear market territory and ether erasing its year-to-date gains [2] - The U.S. government shutdown has reached a record length of 36 days, but indications suggest a potential resolution may be near [2] Political Developments - Zohran Mamdani, a Democratic socialist, is set to become the mayor of New York City after defeating Andrew Cuomo in the Democratic primaries, with Cuomo now running as an independent [3] - Mamdani's economic platform focuses on affordability and inequality, proposing a rent freeze, affordable housing, and a $30 minimum wage by 2030, funded by increased corporate taxes and higher rates for high-income individuals [4] Financial Industry Reactions - Notable figures from the financial industry opposed Mamdani's election, warning of risks related to capital flight and a deteriorating business environment, but some are now willing to collaborate with him [4] - Mamdani lacks the authority to regulate financial institutions or raise corporate taxes, which are determined at the federal and state levels, but he can influence city spending away from Wall Street interests [4] Company-Specific News - UPS experienced a cargo plane crash shortly after takeoff from Louisville [5] - Novo Nordisk has accepted a U.S. Medicare deal for obesity drugs [5] - Pinterest's stock has declined due to an outlook that overshadows user growth [5] - AMD's stock slipped despite beating estimates in results and guidance [5] - IBM plans to lay off a 'single-digit percentage' of its workforce in Q4 [5] Market Performance - In Asia, Japan's market fell by 2.5%, while Hong Kong decreased by 0.1%, and China saw a slight increase of 0.2% [6] - European markets showed mixed results, with London flat, Paris down by 0.3%, and Frankfurt down by 0.7% [6] - Futures indicate a flat Dow, a 0.2% decrease in S&P, and a 0.4% decrease in Nasdaq, with crude oil prices rising by 0.3% to $60.73 [6]

And just a few minutes ago, I said to our daughters, "Your mom's going to be the governor of Virginia." >> And I can guarantee those words have never been spoken in Virginia ever before. I've spoken with thousands of you over this last year. I know your struggles. I know your hopes. I know your dreams.So, serving you is worth any tough fight I have to take on. And I am incredibly honored to be your next governor. >> Tonight, against all odds, we have grasped it.The future is in our hands, >> my friends. We ...

Thank you. We uh have now joining us from the US capital, Senator Bernie Sanders, who's one of the earliest supporters of the Democratic nominee for mayor in New York City where polls just closed. Zora Mandani.Senator, we're getting word tonight in this race that turnout in New York is going to be the highest since 1969. So, whatever has happened in this race, and I think a lot of it has to do with the kind of campaign that the Democratic nominee who you've endorsed and campaigned for has run has really bro ...

Election Analysis - The election turnout is considered extraordinary, potentially the largest in 30 to 40 years [2] - A key message is the need for a government that represents working people and the middle class, addressing issues like housing, child care, transportation, and healthcare affordability [4] - Voters care about affordability, particularly the cost of housing [6] - The idea that everyone should be able to afford housing is not radical [7] Economic Commentary - The top earners in America have never had it so good, while 60% of Americans live paycheck to paycheck [5] - There is significant income and wealth inequality, with one person owning more wealth than the bottom 52% of American society [8] - Giving a trillion dollars in tax breaks to the 1% and throwing 15 million people off healthcare is considered a radical idea [8]

Key Political & Economic Issues - Affordability and cost of living are major concerns for American voters, influencing election outcomes [3][5][7][8] - Voters are concerned about the economy, with a significant percentage believing the country is worse off than before [8] - The Democratic party needs to effectively address affordability concerns to resonate with average voters [8][10] - Independence voters are significantly underwater with Donald Trump, indicating broader concerns beyond just affordability [9] Democratic Party Strategy & Challenges - The Democratic party faces a perception of being too far to the left, hindering their ability to connect with average voters [15] - There's a debate on whether the Democratic party can effectively compete in all areas or if they are limited by a zero-sum game [11][23] - Some argue that focusing on moderate candidates can lead to success for Democrats [14] - The Democratic party's vision and provision for the people have been questioned, highlighting the need for a motivating message [26] Republican Party Strategy & Opportunities - Republicans are trying to portray Democratic candidates as socialists to align with existing voter narratives [15][22] - Republicans are expected to focus on the policies of Democratic candidates, particularly regarding taxation and social issues [20][21] Election Dynamics & Analysis - The New York City mayoral race is being closely watched, with the margin of victory potentially indicating broader trends [17] - Donald Trump's influence on Republican voters in New York City is a factor in the mayoral race [17][18] - The perception that Democrats are using taxpayer money for certain expenditures has hurt them in the past [20][22]

I want to bring in Mark McKinnon, former adviser to George W. Bush and John McCain, who's probably very happy that he's not running campaigns like that anymore. He's also creator of the circus.With me in studio, Julie Rgginky, Democratic strategist, author of the Salty Politics newsletter on Substack. Okay, I'm not going to tell you which race to talk about, Julie. I am going to ask you if there's one you're going to be watching in particular that may give you the best sense of the mood in the country.So, i ...

Let's take these one by one, guys. Starting here in the big apple. Michael, one of the candidates for mayor here.Former New York Governor Andrew Cuomo just cast his vote. What issues are driving voters to the polls. >> Yeah, Anna, like you said, we're here in Mintown Manhattan at a polling place where former New York Governor Andrew Cuomo was just here casting his ballot in this race.Already roughly 735,000 voters in New York City have voted. That was the early voting data shattering the number of folks who ...

Joining me now is Zoron Mdani, the Democratic nominee running for mayor of New York City. Thanks for being here. >> It's a pleasure to be on. >> Uh it's great to have you. You've campaigned on affordability for a long time. Let's take a look. >> When we all fight together on this issue of housing, >> we are in a fight for housing justice for every single New Yorker. From 2021 to 2022, the rents went up 34%. We're committed to freezing the rent for the more than 2 million rent stabilized tenants. >> It's the ...

So David Ducker, you are in New Jersey right now covering the gubanatorial race election day tomorrow. We've talked a lot on this show about how it appears the shutdown is playing a role in that campaign that President Trump and you know as a form of political punishment slashf funding to a couple of big projects that yes they're based in New York City but they impact New Jersey including this uh new train tunnel that's so desperately needed for those who commute back and forth from the Garden State into Ma ...