Trump Says He’d ‘Feel Very Comfortable’ Living in Mamdani’s NYC

Nov 21, 2025

Guest

Eric Weiner

Michelle Jamrisko, White House and National Security Editor for Bloomberg News, breaks down the surprising cordiality between President Trump and New York mayor-elect Zohran Mamdani during their meeting. They discuss the potential political ramifications and implications for federal funding. Sarah Levy, CEO of Betterment, dives into consumer investing behavior and introduces their new self-directed investing offering, while Eric Weiner explores market reactions, AI-driven trade dynamics, and the crucial indicators of financial risk.

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INSIGHT

Unexpected Trump–Mamdani Alignment

President Trump and mayor-elect Zohran Mamdani displayed surprising warmth and emphasized shared goals on housing, crime, and affordability.
Their cordial meeting signals political alignment on key city issues despite prior public clashes and campaign rhetoric.

INSIGHT

Friendly Meeting May Be Fragile

Michelle Jamrisko warns the truce could be fragile because Trump's responses can change quickly for leverage.
The meeting felt like a down payment on a relationship that could become rocky under future disputes.

ADVICE

Wait For Policy Details Before Reacting

Markets watch policy details, not just tone; lack of specifics on Mamdani's housing plans keeps business concerns alive.
Investors should price in uncertainty until the mayor-elect outlines concrete regulatory or tax changes.

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President Donald Trump said he wants to see Zohran Mamdani succeed, saying after a highly anticipated sit-down that he’d “feel very comfortable” living in a New York run by the mayor-elect and that he doesn’t anticipate cutting off funding for the country’s most populous city.
“I expect to be helping him, not hurting him,” Trump said of Mamdani in a press conference that repeatedly stressed the two politicians’ political alignment over cost-of-living issues. “I want New York City to be great.”

The meeting was the first between the two leaders who have clashed publicly over their political agendas but are seeking to determine if they can work together. Their talks held high stakes for the governance of the capital of global finance and for their respective political parties ahead of next year’s midterm elections.

During the mayoral election, Trump repeatedly assailed Mamdani — a democratic socialist who won on a progressive platform — as a “communist,” urging voters to reject his candidacy and threating to pull government funding from New York, the president’s hometown. Republicans have also eagerly sought to turn Mamdani into a foil for Democratic policies with voters well beyond the city.

On Friday, the two men appeared cordial and friendly, with Trump shrugging off questions about Mamdani’s prior references to the president as a “despot” as “not that insulting.” They told reporters that they spent the majority of their meeting discussing the cost of rent, groceries and utilities. The president also said he shared some of Mamdani’s ideas on how to address affordability.

Today's show features:

Bloomberg News White House and National Security Editor Michelle Jamrisko on President Donald Trump’s White House meeting with New York City Mayor-elect Zohran Mamdani
Sarah Levy, CEO of Betterment, and Bloomberg News Senior Editor, Equities Americas Eric Weiner recap the volatile week in markets and react to President Trump’s meeting with NYC Mayor-elect Zohran Mamdani
Christina Cassotis, Chief Executive Officer of the Pittsburgh International Airport, on the opening of the airport’s new terminal and preparations for holiday travel amid lingering effects from the government shutdown

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