Former presidential candidate Larry Elder discusses President Donald Trump’s meeting with newly elected New York Mayor Zohran Mamdani in The Evening Edit, calling it a signal for Democrats across the country.
President Donald Trump On Friday, New York City hosted newly elected Mayor Zohran Mamdani at the White House, where they discussed affordability issues and called for lower electricity prices in the city, sending shares of a major utility tumbling.
Trump and Mamdani, a democratic socialist, spoke to reporters in the Oval Office after their meeting and said they plan to focus on addressing affordability issues, which Mamdani noted has boosted Trump’s support. New York City and was something his campaign took advantage of.
“When we asked the New Yorkers who voted for the president, and when we saw an increase in his numbers in New York City, it came back to the same issue: the cost of living, the cost of living, the cost of living. They talked about the cost of rent, the cost of Con Ed, the cost of child care,” Mamdani explained.
Consolidated Edison, commonly known as Con Ed, is the leading energy supplier in New York City and has more than 3 million customers, and President Trump reiterated the need to reduce the energy bills New Yorkers face – saying the company should be discussed lowering prices.
TRUMP REVEALS ‘ONE THING IN COMMON’ HE HAS WITH MAMDANI AFTER OVAL LOVE PARTY
President Donald Trump and newly elected New York City Mayor Zohran Mamdani discussed affordability issues during their meeting at the White House. (Jim Watson/AFP via Getty Images/Getty Images)
“We’ve talked about it Con Edison. We’ve got to work a little bit on getting the prices down because you know, we’ve gotten the fuel prices way down, but that hasn’t shown up in Con Edison,” Trump said.
“We’re going to have to talk to them, you know, if we send them fuel at a much lower price than a year ago, which is true, we have to get Con Edison to start lowering their rates,” he added.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| ED | CONSOLIDATED EDISON INC. | 100.14 | -0.81 |
-0.80% |
VOTERS EXPRESS ECONOMIC CONCERNS ABOUT INFLATION AS COSTS RISE, FOX NEWS POLL Finds
“We recognize that affordability is a critical issue and work every day to balance the investments needed for resilience and reliability with the costs to customers. We welcome the opportunity to work with the newly elected mayor on solutions that make New York affordable for all,” the company added.
Following Trump and Mamdani’s comments, Con Ed shares fell to end the week. Con Ed stock opened Friday’s session at $101.48 and reached a high of $103.28 – but fell to a low of $99.55 after these comments. The stock closed Friday at $100.16, down 0.78%.
MIDDLE-INCOME AMERICANS PESSIMISTIC ABOUT THEIR FINANCIAL FUTURE AGAINST ONGOING INFLATION, ANALYSIS SHOWS
For the year as a whole, shares are up about 13%.
Voters in New York City elected Zohran Mamdani in early November, when he defeated independent challenger and former New York Governor Andrew Cuomo and Republican candidate Curtis Sliwa.
Con Edison is the leading energy provider in New York City. (Gary Hershorn/Getty Images/Getty Images)
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Among voters who cited the cost of living as the most important issue in New York City, 66% said they voted for Mamdani — more than double the 29% who supported Cuomo.
