NYC Mayor Mamdani & $120 Million for Animal Health 1/28/26

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 28 January 2026

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

New York’s new Mayor Zohran Mamdani sits down with Andrew Ross Sorkin for a conversation about taxing the wealthy, preparing for ICE agents in New York, and managing the city’s deficit. Becky Quick sits down with former Citigroup CEO Sandy Weill, now known for his philanthropy. Weill brings University of California Davis Chancellor Gary May and UC Davis Dean of the Veterinary School of Medicine Mark Stetter to discuss the Weill Family Foundation’s latest gift: $120 million for animal health. Plus, CNBC’s Sharon Epperson shares exclusive data from executives on why they have or have not responded to killings of Americans at the hands of ICE after Apple CEO Tim Cook and OpenAI CEO Sam Altman issued statements to employees, addressing ICE activity in Minneapolis. Sharon Epperson - 07:03 Mayor Zohran Mamdani - 15:17 Sandy Weill, Gary May, & Mark Stetter - 31:42 In this episode: Zohran Mamdani, @NYCMayor Sharon Epperson, @sharon_epperson 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.
0:07.1	Today on Squawk Pod.
0:09.7	New York's new mayor, Zoran Mamdani,
0:11.9	on the budget for America's largest city.
0:14.5	The prior mayoral administration has left us with a $12 billion fiscal deficit.
0:18.9	And this is at a scale that's actually greater than what we saw here in New York City during the Great Recession.
0:23.4	And how his version of economics is taking over City Hall.
0:27.2	Since 2021, when New York State increased taxes
0:30.0	on the wealthiest New Yorkers,
0:31.9	the number of millionaires actually increased in this state.
0:35.5	Then former Citigroup CEO Sandy Weil is now known for his philanthropy.
0:40.0	He announces right here a massive gift for the future of animal health.
0:44.1	It makes so much sense to work with animals in experimenting on different things when they have
0:51.2	diseases and being able to do things that are much tougher to do with
0:56.7	humans with all the regulations and stuff like that.
1:00.6	Plus, the immigration crackdown and subsequent community response in Minneapolis has driven
1:05.5	some business leaders to speak out, our Sharon Epperson with exclusive new data on what
1:10.6	the C-suite is thinking.
1:12.1	This is when you show leadership in chaos.
1:14.4	But it's complicated.
1:15.9	If you sort of push on these political issues too far, it can actually have a demonstrable
	...

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