Gristedes CEO on NYC Mayoral Candidate Zohran Mamdani and AM Radio Mandate

Concerns Over Mamdani's Mayoral Candidacy

• ⚠️ Treasury Secretary Scott Besson warns that New York City could require a federal bailout if mayoral candidate Zohran Mamdani's plans are implemented.
• 🗣️ Gristedes CEO John Catsimatidis believes Mamdani, if elected, will not heed advice from a business advisory group, citing his tendency to act independently.
• 📉 Catsimatidis expresses concern that businesses are exiting New York due to new city council rules, creating a "bizarro world" lacking business-minded individuals.

Economic Outlook for New York

• 💸 The potential for New York State to run out of money and need to seek federal assistance is highlighted.
• 🇺🇸 A call for common sense to prevail in governance, regardless of political affiliation, to ensure the city's healthy growth.
• ❤️ A shared love for New York City is expressed, with a desire to see it thrive.

The Importance of AM Radio in Vehicles

• 📻 Catsimatidis is urging Congress to pass the "AM Radio for Every Vehicle Act" to ensure AM radio remains standard in all cars.
• 🚨 AM radio is crucial for emergency communications, reaching 94% of Americans, as demonstrated during past hurricanes and blackouts.
• 🚗 Electric car companies' potential opposition to this mandate is questioned, with a plea to prevent industry influence over Washington D.C.
• 🎙️ Catsimatidis also mentions his ownership of WABC, the number one AM station in the country, and his belief in reporting the truth.