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Speaker 1: News when you want it with Bloomberg News Now I

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Speaker 1: mid kaleggi zorn. Mam Donnie has won the New York

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Speaker 1: City mayoral race, according to AP and a campaign that

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Speaker 1: shocked the political establishment and will thrust the city further

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Speaker 1: into President Donald Trump sites. Mam Donnie, a thirty four

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Speaker 1: year old state lawmaker and Democratic socialist, defeated former Governor

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Speaker 1: Andrew Cuomo. Mam Donnie centered his campaign on promises of

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Speaker 1: free local buses, city owned grocery stores, and a rent freeze.

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Speaker 1: Mam Donnie said he plans to raise taxes on corporations

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Speaker 1: and the wealthy to help pay for his agenda. Trump

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Speaker 1: has threatened to cut funding to the city if Mam

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Speaker 1: Donnie wins the election. Former Mayor Michael Bloomberg, the founder

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Speaker 1: and majority owner of Bloomberg News parent Bloomberg Lp, has

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Speaker 1: contributed to a pack supporting Cuomo's candidacy. That's news when

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Speaker 1: you want it with Bloomberg News Now, I mid kaleggi.

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Speaker 1: This is Bloomberg