Mamdani Begins Term by Wiping Out 15 Months of Adams’ Orders

Jan 3, 2026

David Schassler, Head of Multi-Asset Solutions at VanEck Funds, dives deep into investment strategies, highlighting the implications of AI adoption and infrastructure development. He discusses the transition to phase two of AI, where profit paths may become more challenging. Schassler emphasizes the importance of real assets and infrastructure investments, as well as a necessary gold allocation for stability. With a bold forecast, he predicts gold could hit $5,000 in the coming years amid economic shifts.

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ANECDOTE

CES Shifted Toward Enterprise AI

Maribel Lopez recalls CES shifting from consumer gadgets to enterprise AI and physical robots.
She points to Caterpillar and Siemens attending as evidence of the show’s enterprise tilt.

INSIGHT

Physical AI Is CES’s Main Story

CES 2026 centers on AI everywhere, from cars to humanoids to health devices.
Maribel Lopez calls this the year of "physical AI" as chips and robots move into enterprises.

INSIGHT

Transparency Drives Consumer Trust

Consumer winners will be brands that deliver AI without trade-offs and with transparency.
Carolina Milanesi says transparency will drive trust and daily engagement.

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Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

New York City Mayor Zohran Mamdani rescinded all executive orders issued by his predecessor over the last 15 months as part of a flurry of actions as the city’s new leader took office Jan. 1.

The directive revoked all executive orders former mayor Eric Adams had issued since Sept. 26, 2024, the day he was indicted on federal corruption charges. Those charges were later dropped by the Justice Department under President Donald Trump. Mamdani’s action is designed to ensure “a fresh start for the incoming administration,” the mayor’s office said in a statement.

Among the orders revoked were two controversial items, including one that barred certain city officials from engaging in procurement practices “that discriminate against the State of Israel, Israeli citizens, or those associated with Israel.” It also outlined similar guidance for city pension officials to prohibit divesting from Israel-related holdings.

An earlier action, adopted in June, codified a broad definition of antisemitism, which some opponents said conflated criticism of Israel’s government with prejudice against Jews. Adams maintained both orders were intended to support the city’s Jewish community, though others argued the more recent action was intended to undermine Mamdani’s term. Mamdani has been a vocal critic of Israel’s government and has supported the “Boycott, Divestment, Sanctions” movement.

Today's show features:

Bloomberg News New York City and State Reporter Laura Nahmias on New York City Mayor Zohran Mamdani's series of executive orders to begin his term
Maribel Lopez, Founder & Enterprise AI Analyst at Lopez Research, and Carolina Milanesi, President and Principal Analyst at Creative Strategies, on what to expect at CES 2026
David Schassler, Head of Multi-Asset Solutions at VanEck Funds, on the market outlook and the importance of gold to individual portfolios
Ray Wang, CEO of Constellation Research and Co-Founder of AI Forum, and Bloomberg Tech Co-Host Ed Ludlow on Tesla ceding the title of world’s top seller of electric cars to China’s BYD

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