Victory in New York leaves Wall -Story “disturbed” and “depressed”

To say that Wall -Rate is not a fan of Zakhran Mammani would be a lowering.

In fact, high-profile investors and business executives arise in weapons about the stunning victory of a democratic socialist, mostly to win the democratic nomination that acts as the next New York mayor. A three-year potential victory in November in the November elections can lead to the fact that the street hates most hiking and tougher regulations that threaten corporate and investment interests.

Philip Lafont, founder of the hedge -focus management of Coatue Management, said CNBC that Mamdani’s victory could cause another outcome of wealthy investors. A wave of wealthy residents and institutional firms escaped from the pandemic of the wealthy residents to the largest city for low tax levels such as Florida and Texas.

“Some people are going to go,” Lafont said at CNBC “Box for Squawk“Wednesday after the former New York Governor Andrew Kuom recognized a democratic nomination.” This is not quite done yet. There is still an election. The kuoma may come again as independent. “

Mammani’s focus on socialism and redistribution of wealth contradicts the preference for Wall -Strait to unbridled capitalism and policies that support growth such as deregulation and low tax. The 33-year-old guy supported the taxation of heavy-duty, financial transactions and passive income such as dividends. He also supported the wealth tax at the state level and increased marginal rates of income tax on high salaries.

Hedge Fund Magnate Bill Akman said he woke up on Wednesday a “slightly depressed” victory for Mamman. The chief of the first or her first -tingling said he was now looking at logistics for another candidate, not himself.

Lawrence Sammers, the former secretary of the Treasury and the President of Harvard University, also expressed the nomination of Mammani.

“I am strongly disturbed by the future (the Democratic National Commission) and the country, yesterday’s anointing candidate in New York, who failed to abandon the” globalization of the slogan of intiffada “and advocates the economic policy of Trotskyit,” Sammers said in a statement on X.

“Suicide mayor”

Part of the stock market has already felt the pain of NYC’s perspective led by Mamman. NEW -YEAR regional bank shares FlagWith the impact of the real estate market in New York, almost 4% were drowned on Wednesday. Stock -oriented reserves, also affected, with Sl Green Realty will decrease more than 6% and Vornado Realty Trust It decreased by almost 7%.

Mammani is in favor of the general rental control, and the New York mayor has the right to appoint representatives to the regulatory council, which controls the apartments controlled by the rent, and the rent. The pause for rent will hurt the profit of multi -family rental facilities.

Around One million apartments in New York stabilizes on rental But only about 20,000 are still controlled by rent.

“It turns out that New York chooses to commit suicide by the mayor,” said Jim Bianka, President and Macro -Strateg Bianco Research, in a statement on Tuesday.

“Terror is a feeling”

The Mamdani solution, on most problems, relies on the ideological commitment to the cost of taxpayers, and this leaves the interested business community, said Catherine Vide, the president of the New York Partnership, a non-profit group based on David Rockfeller in 1979.

“Terror is a feeling”, Wilde said at CNBC on Tuesday morning as Voters went to the polls, although she noted that “New York has a lot of positives. But it can change quickly if we lose confidence in Mary.”

Wilde said a state government, led by Governor Katiel, should avoid the scenario of “disaster”. She acknowledged concern about the high cost of living and doing business, but said that raising taxes is not a solution.

Some of the strongest support for the former Governor Kuom came from the upper east side of Manhattan, to the house in many highest salaries and business titans in New York. Former secretary of the Housing and Urban Development Department in the Clinton Administration received more than seven out of every 10 votes in several sections of the area, reports The story press Data as of Wednesday.

In 2013, the victory of Bill de Blazio also caused anxiety among the financial elite, but he managed to facilitate fears, meeting with the heads of enterprises immediately before the implementation of broad reforms.

“We had the mayor of Dabrazio for eight years. New York is really strong. I hope the same thing happens,” Lafont said.