Red Dawn comes to Gotham: Mamdani shows his true colors and it's scaring Van Jones

Mamdani's fiery flip victory speech shocks NYC elite

Hello Capitalists,

Here is everything you should be following today:

• Van Jones is scared by Mamdani’s victory speech

• New York fires up it’s experiment in communism with radical fervor

• Trump’s Tariffs go to the Supreme Court in epic showdown

• Fireball horror caught on camera as UPS plane explodes

• Ripple’s valuation soars to $40B as utility crypto interest surges

• Dallas is rapidly becoming the Wall Street of the West

Today’s markets + assets:

• ✅ DOW: 47375.61 (⬆️ 0.62%)

• ✅ S&P: 6824.11 (⬆️ 0.78%)

• ✅ NASDAQ: 23594.50 (⬆️ 1.05%)

• ⚠️🔴CBOE VIX Volatility Index: 17.46 (⬇️ 8.63%)

• ✅ Gold: $3992.70 (⬆️ 0.81%)

• ✅ Silver: $48.04 (⬆️ 1.57%)

• ✅ Bitcoin: $103,941 (⬆️ 1.90%)

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CNN Liberals are shocked when a communist firebrand acts like one

Fresh off his stunning upset victory in the 2025 NYC mayoral race, Democratic socialist Zohran Mamdani unleashed a roaring, unapologetic victory speech Tuesday night, slamming President Trump and claiming a bold mandate for change—prompting CNN’s Van Jones to decry the young mayor-elect’s “instant character switch” from campaign trail warmth to aggressive firebrand.

• Victory Marks Historic Milestone: Mamdani, 34, becomes NYC’s first Muslim, South Asian, and socialist mayor, edging out Andrew Cuomo 50.4% to 42% in a race that ended the Cuomo dynasty.

• Speech Signals Policy Boldness: In a 20-minute address, Mamdani taunted Trump while vowing transformative reforms, including affordable governance and budget-heavy progressive initiatives that will strain the city’s finances.

  

• Jones Highlights Tone Clash: CNN’s Jones lamented Mamdani’s shift from “calm, warm” TikTok persona to a “sharp” yelling style, warning it alienated potential allies and missed a key chance for inclusivity.

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Trump’s Tariffs go before the Supreme Court

The Supreme Court dove into heated oral arguments Wednesday over President Donald Trump’s sweeping tariffs on global imports, pitting executive power against congressional authority in a case that could unleash $3 trillion in revenue or trigger massive refunds for U.S. businesses reeling from higher costs.

• Tariffs Target Key Imports: Baseline 10% duties hit goods from most nations, surging to 50% on items from India and Brazil, plus fentanyl-linked penalties on Canada, China, and Mexico.

• Revenue Boom Projected: Policies could yield $3 trillion by 2035, with customs duties already up nearly 300% in late 2025, amassing $151 billion versus the previous year.

• Refund Risk Looms Large: Treasury warns of $750 billion-plus in potential repayments if tariffs are invalidated, especially with delayed rulings until summer.

• Executive Overreach Debated: Trump hails tariffs for boosting markets and security; critics decry consumer burdens, demanding Congress reclaim trade reins.

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Horror in Kentucky as UPS plane crash kills at least 9

A UPS cargo jet erupted into a massive fireball moments after takeoff from Louisville’s Muhammad Ali International Airport on Tuesday evening, killing at least nine people and injuring 11 others, with Kentucky Gov. Andy Beshear warning the toll could climb amid a frantic emergency response near the company’s vast Worldport hub.

• Crew Status Unknown Amid Chaos: The MD-11F freighter carried just three crew members who are feared dead, while the crash site’s debris-strewn wreckage and thick black smoke forced an immediate shelter-in-place for nearby residents and businesses.

• Airport Shuts Down Operations: Louisville’s key UPS hub, handling hundreds of daily flights, closed temporarily before reopening one runway Wednesday, sparking widespread delays..

• NTSB Launches Urgent Probe: Federal investigators from the National Transportation Safety Board rushed to the scene to unravel the mystery of the fuel-laden plane’s sudden plunge. No immediate cause of the crash has been identified yet for the Hawaii-bound plane.

• Community Braces for Aftermath: As UPS halted sorting at its massive facility in this “UPS town,” Gov. Beshear called for prayers and support, highlighting potential environmental risks from adjacent industrial sites though no hazmat threats were confirmed.

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Ripple surges as Bitcoin falters, $500m investment boosts its value to $40B

In a bold vote of confidence amid crypto’s latest tumble, fintech powerhouse Ripple soared to a $40 billion valuation Wednesday after securing $500 million in fresh funding, fueling its aggressive expansion into cross boarder payments with XRP, stablecoins with RLUSD and custody services.

• Funding Led by Titans: Heavyweight investors including Fortress, Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace spearheaded the $500 million equity infusion, signaling deep trust in Ripple’s institutional pivot.

• Regulatory Tailwinds Boost: Post-Trump’s election and the passage of the GENIUS Act has created a friendlier U.S. climate towards crypto currency, which has propelled the deal. The deal will enable Ripple to capitalize on stablecoin innovations and global partnerships amid market volatility.

• Acquisition Spree Accelerates: Over two years, Ripple snapped up six firms, to fortify payment structure as well as venture into crypto custody, prime brokerage, and treasury management for big clients.

• Growth Amid Bitcoin Dip: Despite Bitcoin plunging below $100,000 yesterday and erasing billions market-wide, the capital from this deal armors Ripple’s “record year” trajectory, blending utility crypto tech with traditional finance for cross-border global dominance.

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Dallas is rapidly (and quietly) becoming the Wall Street of the West

In a seismic shift from New York’s storied skyline, Wall Street titans like JPMorgan Chase and Goldman Sachs are quietly fleeing to Texas lured by lower taxes and more business friendly regulations amid a post-COVID exodus, as well as the hard tilt left in New York’s politics.

• JPMorgan Outnumbers NYC Workforce: JPMorgan Chase now employs more Texans than New Yorkers, boasting 31,000 Texas employees—surpassing its 24,000 in New York—fueled by a massive Plano campus anchoring 18,000 in the Dallas-Fort Worth area.

• Goldman Sachs Builds Mega-Campus: Goldman Sachs is erecting an 800,000-square-foot Dallas facility for over 5,000 workers, opening in 2028 and expanding its current 4,500-strong local presence across divisions.

• Wells Fargo Unveils Sprawling Site: Wells Fargo’s new 22-acre Dallas campus, with twin 10-story towers, debuted in September to house up to 4,500 employees, boosting its 5,000–9,999 metro workforce.

• Schwab Relocates HQ to Texas: Charles Schwab shifted its headquarters from California to Westlake five years ago, solidifying 5,000–9,999 Dallas jobs amid the state’s business-friendly surge.

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