A Night for Democrats: Zohran Mamdani & The Party’s Future 11/5/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 5 November 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Zohran Mamdani defeated Andrew Cuomo and Curtis Sliwa in the NYC mayoral race, part of a sweep for Democrats across the nation’s elections. CNBC’s wealth editor Robert Frank reports on the impact this victory will have on the city’s wealthiest population and its tax revenue, and CNBC’s Emily Wilkins is in Washington, DC, reporting on the returns across the country. As many Democrats celebrate, tech investor and MAGA donor Chris Buskirk weighs in on the opposite side of the political aisle; Buskirk maps out his vision for America’s next era of success, and it hinges on innovation. Plus, Eamon Javers is covering the Supreme Court hearing on President Trump’s tariffs. Emily Wilkins - 13:26 Robert Frank - 22:35 Chris Buskirk - 26:28 Eamon Javers - 38:12 In this episode: Emily Wilkins, @emrwilkins Eamon Javers, @eamonjavers Robert Frank, @robtfrank Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:04.3	Hi, I'm CNBC producer Katie Kramer.
0:06.9	Today on Squawk Pod.
0:09.6	Election Day, the morning after.
0:11.7	The Big Apple has a Democratic socialist mayor-elect.
0:15.1	New York, tonight you have delivered a mandate for change.
0:25.6	What an off year can tell us about national politics. Fascinating to see what took place Democrats notching some key wins.
0:29.6	What it means for the man not on any ballot, President Donald Trump.
0:33.6	This was a pass-fail test, though. They passed.
0:36.6	And how new leadership impacts a certain group of voters, New York's richest residents, will
0:42.3	catch up with CNBC's wealth editor, Robert Frank.
0:45.6	If you have one person who makes a million dollars leave, you have to have 10 people
0:50.4	who make $100,000 replace that person.
0:53.8	On the other side of the Democrats' 2025 victories,
0:57.0	a MAGA donor and tech investor Chris Buskirk,
0:59.5	he's close to Vice President J.D. Vance,
1:01.5	and he weighs in on the political skill of New York's Zoran Mamdani.
1:05.5	He's openly embracing Marxism,
1:07.5	and while that might work in Manhattan,
1:09.5	I'm not so sure that that works in Michigan or Wisconsin or Arizona.
1:14.7	Plus, the looming Supreme Court showdown over whether the president can use emergency powers to enact
1:20.6	tariffs. Oral arguments are today, are Amon Javers in Washington on the business response.
	...

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