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Speaker 1: Bloomberg Audio Studios, podcasts, radio News.

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Speaker 2: Here in the Blue Room in City Hall with Mayor

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Speaker 2: Mamdanie Mayor. Thank you for joining us, absolutely, thank you

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Speaker 2: for coming. You know, we're going to talk a lot

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Speaker 2: about Wall Street, talk about the budget. But first get

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Speaker 2: to a headline from the New York Posts that says

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Speaker 2: that the NYPD and Sanitation were ordered to clear out

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Speaker 2: some homeless encampments weeks before the cold and of course

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Speaker 2: during that cold snap, we lost ten New Yorkers. Can

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Speaker 2: you just talk about anything you may know about that.

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Speaker 3: You know, what we have seen so far is that

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Speaker 3: this cold snap might end up becoming the coldest period

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Speaker 3: in recorded history in New York City. And it is

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Speaker 3: a cold blue here in New York City, which means

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Speaker 3: that every time a New Yorker calls three one one,

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Speaker 3: we we route that to nine one one. We're looking

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Speaker 3: to bring everyone inside, and I'm proud of city workers

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Speaker 3: that have connected about more than six hundred homeless New

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Speaker 3: Yorkers into shelter, safe haven's, things of that nature.

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Speaker 1: But the work continues.

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Speaker 3: They're doing incredible work twenty four to seven getting out there,

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Speaker 3: and that's the key, because right now it is far

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Speaker 3: too cold to have anyone be outside.

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Speaker 2: You worried about not clearing encampments, or what's the approach

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Speaker 2: you want to take to that.

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Speaker 3: I think the approach is that we are looking to

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Speaker 3: make the outreach to each and every person to let

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Speaker 3: them know that there's a safe haven, there's a shelter,

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Speaker 3: there's a warming bus, there's a warming center at a hospital,

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Speaker 3: all of these different options, and if we deem them

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Speaker 3: to be a danger to themselves or to others, then

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Speaker 3: we do also bring them in.

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Speaker 2: Yesterday, you presented a bleak outlook for the city's budget

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Speaker 2: with a twelve billion dollar deficit, the same week that

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Speaker 2: Wall Street's reporting really strong bonuses.

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Speaker 1: Walk me through that math.

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Speaker 2: How does wall Street actually help and where's the rest

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Speaker 2: coming from? So Wall Street's announcement is something that is

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Speaker 2: very encouraging and frankly, will be helpful in dealing with

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Speaker 2: a twelve billion dollars fiscal deficit. The reason that I

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Speaker 2: can't point to Wall Street and say that the deficit

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Speaker 2: will be taken care of is simply the sheer scale.

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Speaker 1: Of this deficit.

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Speaker 3: We're talking about something that is larger, frankly, than what

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Speaker 3: the city even faced during the Great recession, and that's

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Speaker 3: why it's going to require an all of the above approach.

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Speaker 3: That's why we welcome this news. We also think the

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Speaker 3: city's relationship with the state has to change. You know,

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Speaker 3: the city sends about fifty four point five percent it

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Speaker 3: makes up the gross revenue of the state, only receives

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Speaker 3: forty point five percent in return. And we also think

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Speaker 3: that the city's relationship with its wealthiest residents' most profitable

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Speaker 3: corporations also has to change so that we can bring

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Speaker 3: this city back to firm financial footing. You know, as

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Speaker 3: the mayor, I am legally required to balance the budget

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Speaker 3: of this fiscal year and the next. That is something

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Speaker 3: we are fully going to do. In order to do so,

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Speaker 3: we have to deal with these structural problems you spoke

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Speaker 3: about Eric Adams and Governor Andrew Cuomo. Former Governor Andrew Cuomo.

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Speaker 3: Where does the city council lay blame state legislature. You

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Speaker 3: didn't say anything about Donald Trump, who was president during

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Speaker 3: some of this period of sort of instability as well.

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Speaker 3: You know, I think there's no question that we are

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Speaker 3: talking about a city's fiscal health all also in the

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Speaker 3: context of threatened cuts coming from the federal administration. Those

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Speaker 3: are cuts that we're going to fight with every single

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Speaker 3: tool in our toolbox. However, the twelve billion dollar fiscal deficit,

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Speaker 3: when it comes to the architects of that deficit, we're

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Speaker 3: talking about the former mayor and the former governor. The

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Speaker 3: reason for this is that the former mayor would under

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Speaker 3: budget the costs of actual city services. We're talking about

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Speaker 3: when it comes to access to shelter or we're talking

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Speaker 3: about cash assistance, sometimes even only budgeting half of the

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Speaker 3: cost or you know, sixty percent of the cost. And

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Speaker 3: then here we are seeing a deficit grow to a

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Speaker 3: level we haven't seen before, and amidst all of that,

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Speaker 3: adding close to two billion dollars in new expenses. That's

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Speaker 3: the kind of gross fiscal mismanagement that we're talking about.

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Speaker 2: I want to you know, you talked a little bit about,

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Speaker 2: you know, the potential of these cuts. You know, Saturday

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Speaker 2: is the day where President Trump said sanctuary cities who

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Speaker 2: don't change their policies could see cuts. Federal aid is

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Speaker 2: about eight to ten billion dollars annually for the city.

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Speaker 2: What kind of conversations have you been having, either with Washington,

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Speaker 2: the White House or here at City Hall about what

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Speaker 2: the potential of those cuts could be come Saturday.

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Speaker 3: Well, I think we make very clear that our laws

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Speaker 3: and our values are not bargaining chips. We are proud

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Speaker 3: of what we have here in place in New York City.

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Speaker 3: We will defend it, and we will defend New Yorkers.

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Speaker 3: And look, the President said after our meeting in the

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Speaker 3: Oval Office that the better New York does, the happier

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Speaker 3: he is. And my job is the mayor of New

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Speaker 3: York City, is to make clear what these kinds of

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Speaker 3: proposed cuts would do to this city that we both love.

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Speaker 3: They would devastate this city, and so we're going to

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Speaker 3: fight those kinds of threats. And also to make very

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Speaker 3: clear that we have to prepare for every single eventuality,

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Speaker 3: which is why it's so critical to not just turn

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Speaker 3: to all of your reserves and say we can use

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Speaker 3: this for one fiscal deficit. If you know that the

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Speaker 3: horizon is one that includes threats of this nature, you

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Speaker 3: have to put yourself on a firm financial footing and

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Speaker 3: ensure that you have the kind of reserves to prepare

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Speaker 3: for a day like this.

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Speaker 2: Yeah, you told us a couple of weeks ago that

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Speaker 2: you texted with the President. I want to go to

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Speaker 2: another texting buddy of yours, the guy. You guys have

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Speaker 2: had a really interesting relationship. Are you predicating a potential

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Speaker 2: endorsement of her for her run for reelection on being

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Speaker 2: able to raise taxes on the wealthiest New Yorkers?

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Speaker 3: Look, I appreciate the relationship that I've been building with

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Speaker 3: Governor Hockle, and frankly, what we've seen from Governor Hokel

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Speaker 3: is a new kind of politics when it comes to

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Speaker 3: New York City. Right, I'm talking about the prior governor

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Speaker 3: and what he created in this fiscal imbalance. And I'm

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Speaker 3: proud to say in just eight days of our administration,

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Speaker 3: we were on stage together, the Governor and I announcing

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Speaker 3: more than a billion dollars in funding for universal childcare.

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Speaker 3: So I think that what we have now is the

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Speaker 3: potential to address a crisis that has been years, if

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Speaker 3: not more than a decade in the making, and to

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Speaker 3: show New Yorkers that we will be able to resolve

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Speaker 3: a fiscal crisis and do so while advancing and affordability agenda.

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Speaker 2: Let's talk about what has moved markets in the past,

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Speaker 2: and that's of course, big decisions when it comes to

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Speaker 2: uber and Lyft and all of that. You know, we

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Speaker 2: reported on some of the junk free fee crackdowns, some

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Speaker 2: of the regulations within your first month, and some of

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Speaker 2: the work that you were doing with trying to get

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Speaker 2: out junk fees and be upfront about them as it

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Speaker 2: relates to the world.

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Speaker 1: Cup.

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Speaker 2: Tell us about your economic approach and will you be

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Speaker 2: trying to work with business versus looking for these areas

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Speaker 2: to sort of penalize them.

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Speaker 1: Absolutely, we're looking to work with business.

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Speaker 3: And what I've also heard from a number of business

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Speaker 3: owners is a sense of exhaustion and frustration that if

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Speaker 3: they play by the rules, they have to watch while

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Speaker 3: an other business operates with impunity, and then they lose

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Speaker 3: their market share as a result of that. And so

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Speaker 3: part of the motivation here is not just to protect

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Speaker 3: workers and consumers, but also businesses that are operating within

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Speaker 3: the bounds of the law. And that's what it looks

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Speaker 3: like when we hold businesses that are flouting those laws accountable.

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Speaker 3: And so I think this is a time when whether

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Speaker 3: it comes to being honest about the fiscal deficit or

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Speaker 3: honest about the regulations that we have, we want to

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Speaker 3: be very straightforward. I think we're proud of the legacy

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Speaker 3: of this city and generating prosperity. We want that prosperity

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Speaker 3: to reach every New Yorker's life. And that's how we're

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Speaker 3: going to approach this question of economic development and ensure

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Speaker 3: that we make it easier to not just start a

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Speaker 3: business here, but to keep that business open.

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Speaker 1: And I'll just give you one more example.

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Speaker 3: There are a number of real estate leaders who had

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Speaker 3: shared with me the difficulties they have to go through

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Speaker 3: to build housing in this city. We need to build

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Speaker 3: more housing. The housing crisis is the preeminent crisis in

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Speaker 3: this city. And so that's why we've supported measures like

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Speaker 3: SECRO reform making it easier to go through that regulation

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Speaker 3: so you can actually build that building much sooner. That's

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Speaker 3: why when I hear from a real estate developer that

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Speaker 3: they have to go to six different agencies to fill

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Speaker 3: one single tree pit, we're looking at that as an

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Speaker 3: example of what government could be doing better.

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Speaker 2: Do you look at business as a partner with government?

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Speaker 2: You know, we've looked at the nature of private public partnerships.

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Speaker 2: Obviously a lot of partnerships with JP Morgan as it

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Speaker 2: relates to NISCHE and all of that. How will you

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Speaker 2: approach that that economic development lens. Will it be through

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Speaker 2: trying to bring business into lighted neighborhoods. Will it be

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Speaker 2: a focus on reunion jobs and workers, a sort of

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Speaker 2: different approach to economic development. I think for far too

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Speaker 2: long we've been told that these are the only choices.

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Speaker 2: And the choice that I'll be making is to look

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Speaker 2: at business as a partner and also to bring labor

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Speaker 2: to the same table to ensure that workers are also

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Speaker 2: benefiting from this. I'll give you an example of something

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Speaker 2: that I've looked at as the kind of thing that

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Speaker 2: New York City should be doing more of the partnership

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Speaker 2: that Nicha had in creating clean energy. Within Nicha Developments,

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Speaker 2: they put out an RFP where they were able to

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Speaker 2: bring in heat pumps into woodside houses. These are heat

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Speaker 2: pumps that transform the quality of life reduce the cost

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Speaker 2: of energy. And this is a clear example of what

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Speaker 2: we could be doing to resolve some of the long

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Speaker 2: standing issues in the city. And I think that when

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Speaker 2: I sit down with a business leader, sure we might

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Speaker 2: disagree on fiscal policy, where I want to tax millionaires

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Speaker 2: by an additional two percent, and I want New York

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Speaker 2: State's most profitable corporations to pay a little bit more

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Speaker 2: in taxes. But what we don't disagree on is the

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Speaker 2: importance of the city, the vitality of the city, and

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Speaker 2: how it's going to take all of us to win

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Speaker 2: that future.

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Speaker 1: And I look forward to doing that. Did you meet

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Speaker 1: with Jamie, No, but we've spoken on the phone.

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Speaker 2: And one last thing, you know, last night you were

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Speaker 2: at seven seventy Eastern Parkway. You know, Caabad was very

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Speaker 2: important to me when I was in college. They kept

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Speaker 2: me fed and they do quite a lot for the community.

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Speaker 2: So to see that act of anti semitism, what effect

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Speaker 2: did that have on you? And then secondly, you know,

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Speaker 2: a councilwoman, you know, Vernikov, has been named one of

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Speaker 2: the chairs of the anti Semitism committee in the council.

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Speaker 1: She said some vile stuff about you.

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Speaker 2: She said that you want to see Jews in an

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Speaker 2: oven and you're a terrorist lover. Can you just tell me,

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Speaker 2: you know, how do those comments make you feel? We

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Speaker 2: often see you react but not I would just love

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Speaker 2: to know how that makes you feel. Just I saw

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Speaker 2: you two Sundays ago at the Africa Cup situation and

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Speaker 2: you were in a room full of you know, mostly

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Speaker 2: people who are immigrants from Africa, and when they hear

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Speaker 2: those comments, they must feel the same way that you feel.

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Speaker 2: So how did these comments make you feel? And with

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Speaker 2: the incident that happened yesterday, like what was going through

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Speaker 2: your mind meeting with those people?

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Speaker 1: Well, I think I'll start with yesterday.

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Speaker 3: You know, it was a horrifying incident where we saw

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Speaker 3: a man intentionally and repeatedly crash his car into the

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Speaker 3: Kabbad headquarters. And we know that this occurred frankly on

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Speaker 3: a day that was one of immense significance to Jewish

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Speaker 3: New Yorkers and people across the world. We're talking about

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Speaker 3: the yard site of Rabbi Schneiersen, and this is a

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Speaker 3: moment when many Jewish New Yorkers are seeing anti Semitism

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Speaker 3: rise across the city and across this country. And as

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Speaker 3: the mayor of this city, we were committed to rooting

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Speaker 3: out anti Semitism from across the five boroughs, and I

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Speaker 3: was thankful that no one was injured, and also to

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Speaker 3: be there and to speak with a number of Jewish

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Speaker 3: New Yorkers to make it clear that this city has

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Speaker 3: their back. Whether we're speaking about right there at the

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Speaker 3: Kabbad headquarters or anywhere across the city. And I think,

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Speaker 3: to your earlier question, you know in.

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Speaker 2: There you're the first Moslim mayor of this city, which

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Speaker 2: is largely becoming a majority minority.

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Speaker 1: I think it's.

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Speaker 3: The difficulty of this is that I know that there

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Speaker 3: are so many in this city who have to deal

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Speaker 3: with similar kinds of smears, and it is all too

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Speaker 3: easy to allow that to color the way that you

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Speaker 3: approach any one issue. But what I know that New

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Speaker 3: Yorkers want to see, what I want to see is

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Speaker 3: a humanity embodied in our politics, not the language of

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Speaker 3: darkness that has taken hold. And what that humanity requires

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Speaker 3: is to look at each and every New Yorker and

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Speaker 3: say that they are equally deserving of safety, of joy,

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Speaker 3: of belonging in.

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Speaker 1: A city that is theirs.

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Speaker 3: And I can tell you, as someone who came to

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Speaker 3: the city at the age of seven, who got my

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Speaker 3: citizenship in the city, who grew up in the city,

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Speaker 3: that we will not engage in a debate of who

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Speaker 3: belongs here any longer. We will instead engage in the

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Speaker 3: act of delivering for each and every person who calls

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Speaker 3: at home