Former presidential candidate Larry Elder breaks down President Donald Trump’s assembly with New York Metropolis Mayor-elect Zohran Mamdani, calling it a sign to Democrats nationwide, on The Night Edit.
President Donald Trump on Friday hosted New York Metropolis Mayor-elect Zohran Mamdani on the White Home the place they mentioned affordability points and referred to as for decrease electrical energy costs within the metropolis, which brought about a serious utility’s inventory to sink.
Trump and Mamdani, a democratic socialist, spoke to reporters within the Oval Workplace following their assembly and stated that they intend to deal with addressing affordability points, which Mamdani famous helped enhance Trump’s degree of help in New York Metropolis and was one thing his marketing campaign tapped into.
“After we requested these New Yorkers who had voted for the president, and after we noticed a rise in his numbers in New York Metropolis, that got here again to the identical challenge – value of residing, value of residing, value of residing. They spoke about the price of lease, the price of Con Ed, the price of childcare,” Mamdani defined.
Consolidated Edison, generally often called Con Ed, is the primary utility supplier in New York Metropolis and has over 3 million prospects, and President Trump echoed the necessity to cut back vitality payments dealing with New Yorkers – saying there must be talks with the corporate about decreasing costs.
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President Donald Trump and New York Metropolis Mayor-elect Zohran Mamdani mentioned affordability points throughout their White Home assembly. (Jim Watson/AFP through Getty Photographs / Getty Photographs)
“We talked about Con Edison. Now we have to work slightly bit on getting the costs, as a result of you realize, we have gotten gas costs means down, but it surely hasn’t proven up in Con Edison,” Trump stated.
“We will have to speak to them, you realize, if we’re sending them gas at a a lot lower cost than it was a 12 months in the past, which is true, we now have to get Con Edison to begin decreasing their charges,” he added.
| Ticker | Safety | Final | Change | Change % |
|---|---|---|---|---|
| ED | CONSOLIDATED EDISON INC. | 100.14 | -0.81 | -0.80% |
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Con Edison advised FOX Enterprise the corporate “powers the financial engine of our nation by delivering essentially the most dependable vitality to greater than 9 million individuals who stay, work, and journey by way of New York Metropolis on daily basis.”
“We acknowledge affordability is a important challenge and work on daily basis to stability the investments wanted for resilience and reliability with buyer prices. We welcome the chance to accomplice with the Mayor-elect on options that make New York reasonably priced for everybody,” the corporate added.
Following Trump and Mamdani’s feedback, Con Ed shares sank to shut the week. Con Ed inventory opened Friday’s session at $101.48 and hit a excessive of $103.28 – but it surely sank to a low of $99.55 following these remarks. The inventory closed at $100.16, down 0.78% on Friday.
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For the 12 months, shares are up about 13%.
New York Metropolis voters elected Zohran Mamdani in early November, when he defeated unbiased challenger and former New York Gov. Andrew Cuomo in addition to Republican nominee Curtis Sliwa.
Con Edison is the main utility supplier in New York Metropolis. (Gary Hershorn/Getty Photographs / Getty Photographs)
The Fox Information Voter Ballot discovered that whereas a 59% majority of New York Metropolis voters felt their household’s monetary scenario was holding regular, 22% felt that they had been falling behind and simply 17% felt they had been getting forward – with Mamdani main amongst these holding regular or falling behind.
Voters stated that the price of residing was an important challenge dealing with New York Metropolis, with 55% of respondents to the Fox Information Voter Ballot specializing in pocketbook points, with the subsequent closest challenge being crime at 23%.
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Amongst voters who cited the price of residing as New York Metropolis’s most essential challenge, 66% stated they voted for Mamdani – greater than double the 29% who backed Cuomo.
