"Texas wins SEC approval for a new stock exchange that will challenge the New York Stock Exchange up here in the blue state of New York, Kudlow said. And here's another one for you. You may have seen it in the paper. JPMorgan, the great banking operation, has now more employees in Texas than it does in New York. And of course, we're about to elect a socialist mayor."
"Look, what's happening is, New York is run by crazy people, Cruz responded before calling Mamdani, who could become the first Muslim mayor of New York, a jihadist. Mamdani, if he's elected, is a Marxist. And you are going to see people who believe in free enterprise, people who believe in property rights, people who don't want a jihadist radical who wants to defund the police fleeing New York City and coming, many coming to Texas."
"Look, I think the Texas Wall Street or colloquially known as Y'all Street,' which can I think is pretty funny, I think that's gonna be a powerhouse that if you wanna go and not have a woke stock exchange trying to impose political ideology on you but, instead, simply have an avenue to raise capital, Texas is gonna be the place to do it."
Sen. Ted Cruz accused New York mayoral nominee Zohran Mamdani of being a jihadist and a Marxist and predicted opponents of those views will flee the city. Zohran Mamdani won the Democratic primary in June, defeating former Governor Andrew Cuomo, who is mounting a third-party general election bid. Mayor Eric Adams ended his reelection campaign amid scandals including a dropped bribery indictment. Larry Kudlow noted SEC approval of a new Texas-based stock exchange and that JPMorgan now employs more people in Texas than in New York. Cruz promoted a Texas "Wall Street" as an alternative to a perceived "woke" NYSE.
Read at www.mediaite.com
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