Socialist democratic Democratic Coomo fails in NYC Mayor Primary, Wall Street reacts

Wednesday morning, the world Capitalism Center He woke up to have a socialist mayor soon.

Democratic Democratic Democratic Victory Vehicles shocked Wall Street against Andrew Komo, former New York City Democratic President Andrew Komo. Some of the most influential and powerful investors in the world have remained in understanding what Mamdani's victory means to their industry – and whether they leave the city.

Dan Loubo, chief executive of the rivet, and a Cuomo main backup, wrote in X: “This is officially Commie Summer.”

Mamdani electoral campaign Until a few weeks ago, it was a long shot. At Polymarket, which successfully predicted the results of the 2024 presidential election, Cuomo had a chance on May 27.5.5 %. Negative propaganda against Mamdani, paid by the Wall Street budget, as well as Whitney Tilson-has filled himself as “Investor-Paillated Airwaves.

Mamdani's platform includes Increasing taxation In the case of those who earn more than $ 1 million a year. He said he would make the city more affordable by freezing rent in rental apartments, investing $ 70 billion in public subsidies, providing free bus services and opening government food stores.

Komo's lock on Wall Street was everything in question. He loudly had billionaire figures such as Bill Akman, Loueb and former mayor Michael Bloomberg.

On Tuesday night, Mamdani's victory was soon revealed after the polls were closed: with the arrival of the results of the polls, he earned a score of nine points in the initial votes. Como confessed before the end of the night and raises questions about whether he would run in the public election in November.

City Quickly began to worry.

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“The alert signs are blinking here,” said Ed Schiller, a former mayor of Bloomberg, who is now Citizen's chief executive. The next mayor will fill his hands here. “

Some financial executives in support of the mayor of Eric Adams, who are expected to be in the November election under the party lines he had created, “Safe and Effective” and “EndiseMitism”. The financial Titans had found Adams as early as Bill Bill Blasio.

According to people familiar with the issue, corporate leaders used private phone calls to draw on how to fight Mamdani's original victory and spoke about supporting a group abroad aimed at raising about $ 20 million to oppose him.

People said the calls were also discussed about the effort to solidify the back of Adams and the attempt to keep Como away from the race. They also discussed the attempt to get the Republican candidate Curtis Selova, taking the White House to offer a job in the Trump administration.

Not everyone was fading about the initial results. In CNBC, Filip Lafont, founder of Management Hedge Fund Coatue Management, the city would likely continue to flourish, saying that it would resist the two Blasio's tenure, which some opposed in the business community.

“We had the mayor of Di Blasio for eight years, New York is really strong, I hope that happens,” he said in the squash box. “And there is still an election.”

The CEO of Billionaire warns that if the Socialist Democratic candidate will win the NYC mayor race

However, how Mamdani's widespread support seemed to have changed in recent decades. Based on the financial activities in the city where the donors mentioned their employers, there were more individual donors from the main banks to Mamdani who were there to Cuomo.

But many of them were among the growing categories of technology employees and other non -financial employees. Three Goldman Sachs For example, software engineers were mentioned as direct donation to Mamdani. According to records, only one capitalist in Goldman gave Cuomo directly.

Other bankers who quietly support Mamdani do not speak in this case. One tried to use a fake name.

The level of support for Cuomo was so high that Tiktok viral films in recent weeks closed to Election Day. A woman in a movie tells her storyteller with a financial brother, “You look like such an alpha.” “So, you vote to Cuomo, right?”

Former Governor Ny Cuomo confesses in preliminary democratic but will not be rejected in November

Even with great support, the Cuomo campaign lacks enthusiasm that made Mamdani a major victory, even among bankers and merchants. “Self -esteem is a great feature, but the supporters did not vote,” Skiller said.

Wednesday, Bankers and merchants If he won the public election, he tried to understand the consequences of a Mamdani municipality.

Some have expressed concern about the Mamdani program for freezing millions of New Yorks leased in fixed apartments, saying that this would cause new investment in housing, reducing supply and raising prices for all other people.

“I can't believe it, but socialism is not working,” said Anthony Popliano, CEO of Professional Capital Management, a bitcoin -based financial service company. “It failed in any American city that was tried.”

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Renewable questions about whether Wall Street executives will remain in New York or whether Mamdani's plans send more capitalists to countries such as Florida and Texas. Some managers concern about Tax and crime Under a potential Mamdani government as well as fear of an increase in anti -Judaism.

Saunder Gerber, executive director of Hudson Bay Capital Investment Company, said he knows the texts of some of his 170 employees who said “think”.

Some developers and landlords said they are currently planning to leave New York and focus on more commercial markets such as Miami, Dallas or Nashville.

“I am depressed and sad,” said Reiki Sandler, who hire 55 people's Eminence Capital investment. “If Mamdani becomes a mayor, I will most likely leave your business and my family out of New York.”