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Trump Rebukes Mamdani’s Victory Speech as Billionaires Pivot After NYC Upset

Exit polls show a youth‑newcomer coalition backing an affordability agenda.

Overview

  • Zohran Mamdani is the mayor‑elect after a high‑turnout race, becoming the first South Asian and first Muslim to lead New York City.
  • President Donald Trump labeled Mamdani’s address “a very angry speech” and warned he is “off to a bad start,” suggesting federal cooperation could be at risk.
  • Wealthy figures who spent to block him signaled openness to work with the incoming administration, with Bill Ackman, Jamie Dimon and Mike Novogratz offering help.
  • ABC News/SSRS exit polls show Mamdani won 78% of voters under 30 and 81% of residents who have lived in the city less than 10 years.
  • Mamdani campaigned on a rent freeze for rent‑stabilized units, fare‑free buses and universal child care, with analysts noting significant fiscal and Albany hurdles ahead.