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Date
Summary
Elizabeth Warren Praises Zohran Mamdani, Insists that Socialism Will Work in NYC (clip)
Subjects
Source
CNBC

Name: CNBC
URL: http://www.cnbc.com/
Show
Squawk on the Street

Name: Squawk on the Street
URL: http://www.cnbc.com/id/15838381
Persons
Elizabeth Warren
, David Faber

Name: Elizabeth Warren
Employment: U.S. Senate
Position: Senator

Name: David Faber
Employment: CNBC
Position: Host
Event
Event location
–
Link
–
Original recording
Uploaded
08/04/2025 02:33 pm
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Video
Format
MP4 (720x406)
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Duration
0:01:25
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7
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Transcript
HOST Well then who ░░░░░░░░ the leadership from the ░░░░░░░░ side that you think ░░░░░░░░ All 47 HOST is ░░░░░░░░ of us All 47 ░░░░░░░░ us in the United ░░░░░░░░ FABER It s not ░░░░░░░░ HOST Right Warren Really ░░░░░░░░ Well I mean you ░░░░░░░░ not managing to change ░░░░░░░░ in terms of convincing ░░░░░░░░ of your colleagues to ░░░░░░░░ differently crosstalk Warren Actually ░░░░░░░░ disagree with you What ░░░░░░░░ re doing is we ░░░░░░░░ driving a single message ░░░░░░░░ This is and this ░░░░░░░░ why I m in ░░░░░░░░ York City today to ░░░░░░░░ with Zohran Mamdani And ░░░░░░░░ is it s all ░░░░░░░░ affordability Remember Donald Trump ░░░░░░░░ for office saying he ░░░░░░░░ lower costs on day ░░░░░░░░ Cost of groceries are ░░░░░░░░ Cost of housing is ░░░░░░░░ Cost of health care ░░░░░░░░ up And where is ░░░░░░░░ Trump He s passing ░░░░░░░░ signature bill to throw ░░░░░░░░ off their health care ░░░░░░░░ he can do tax ░░░░░░░░ for billionaires Democrats are ░░░░░░░░ people who say billionaires ░░░░░░░░ should pay their fair ░░░░░░░░ and that we need ░░░░░░░░ focus on affordability for ░░░░░░░░ families And that s ░░░░░░░░ we re out there ░░░░░░░░ for FABER You mentioned ░░░░░░░░ and you are in ░░░░░░░░ York sort of talking ░░░░░░░░ on behalf of him ░░░░░░░░ a certain extent You ░░░░░░░░ I wonder though often ░░░░░░░░ see this and this ░░░░░░░░ a local election New ░░░░░░░░ does not operate in ░░░░░░░░ vacuum It competes with ░░░░░░░░ cities And so this ░░░░░░░░ of somehow raising taxes ░░░░░░░░ the wealthiest New Yorkers ░░░░░░░░ by the way would ░░░░░░░░ out pay roughly 15 ░░░░░░░░ their income right now ░░░░░░░░ city and state raising ░░░░░░░░ on them will simply ░░░░░░░░ them away Shouldn t ░░░░░░░░ focus of a mayor ░░░░░░░░ on delivering services to ░░░░░░░░ constituents of the city ░░░░░░░░ doing that by raising ░░░░░░░░ most revenue as possible ░░░░░░░░ chasing businesses and the ░░░░░░░░ income taxpayers out of ░░░░░░░░ city Because they can ░░░░░░░░ to Austin They can ░░░░░░░░ to Dallas They can ░░░░░░░░ to Atlanta They can ░░░░░░░░ to Nashville This is ░░░░░░░░ issue It s a ░░░░░░░░ issue not a local ░░░░░░░░ Warren The issue is ░░░░░░░░ Do you know how ░░░░░░░░ working families are chased ░░░░░░░░ of New York City ░░░░░░░░ day because they can ░░░░░░░░ afford housing they can ░░░░░░░░ afford groceries they can ░░░░░░░░ afford childcare What Zohran ░░░░░░░░ saying is I want ░░░░░░░░ to be able to ░░░░░░░░ to live in New ░░░░░░░░ City That s what ░░░░░░░░ it a vibrant city ░░░░░░░░ s what makes people ░░░░░░░░ to live here FABER ░░░░░░░░ disagrees with that senator ░░░░░░░░ raising taxes in order ░░░░░░░░ do it Why is ░░░░░░░░ the answer Warren Oh ░░░░░░░░ goodness Oh dear Are ░░░░░░░░ worried that billionaires are ░░░░░░░░ to go hungry FABER ░░░░░░░░ I m worried that ░░░░░░░░ re going to leave ░░░░░░░░ spend their money elsewhere ░░░░░░░░ You know they ve ░░░░░░░░ to do that over ░░░░░░░░ over and over FABER ░░░░░░░░ they have They ve ░░░░░░░░ Warren But here s ░░░░░░░░ thing You you FABER ░░░░░░░░ Goldman Sachs when they ░░░░░░░░ new jobs they do ░░░░░░░░ in Dallas And Blackstone ░░░░░░░░ t build a new ░░░░░░░░ I can go on ░░░░░░░░ on Warren You want ░░░░░░░░ have a workable city ░░░░░░░░ want to have a ░░░░░░░░ that s vibrant You ░░░░░░░░ to have a city ░░░░░░░░ streets are full where ░░░░░░░░ are things for sale ░░░░░░░░ hours a day then ░░░░░░░░ need people who can ░░░░░░░░ here and work here ░░░░░░░░ FABER We ve got ░░░░░░░░ right now by the ░░░░░░░░ I would point out ░░░░░░░░ York is New York ░░░░░░░░ thriving So right now ░░░░░░░░ s doing pretty well ░░░░░░░░ Warren Well people I ░░░░░░░░ glad you think they ░░░░░░░░ doing well because a ░░░░░░░░ of people are struggling ░░░░░░░░ pay for housing a ░░░░░░░░ of people are struggling ░░░░░░░░ pay for groceries And ░░░░░░░░ got to tell you ░░░░░░░░ and daddies who are ░░░░░░░░ 25 000 a year ░░░░░░░░ pay for child care ░░░░░░░░ lot of them they ░░░░░░░░ up FABER Those are ░░░░░░░░ issues Warren They are ░░░░░░░░ issue right here in ░░░░░░░░ York City FABER I ░░░░░░░░ I know they are ░░░░░░░░ local state but you ░░░░░░░░ t yes But if ░░░░░░░░ deal with them in ░░░░░░░░ way by what is ░░░░░░░░ your backup just tax ░░░░░░░░ more They will leave ░░░░░░░░ No The backup is ░░░░░░░░ this city and make ░░░░░░░░ country work for everyone ░░░░░░░░ get that the Republican ░░░░░░░░ of view is make ░░░░░░░░ country and make every ░░░░░░░░ in this country work ░░░░░░░░ and better for a ░░░░░░░░ of billionaires and let ░░░░░░░░ else eat dirt But ░░░░░░░░ Mamdani won on in ░░░░░░░░ Democratic primary is he ░░░░░░░░ I m going to ░░░░░░░░ affordability And he didn ░░░░░░░░ win by one vote ░░░░░░░░ No he won by ░░░░░░░░ lot It s very ░░░░░░░░ unclear he has the ░░░░░░░░ to actually do it ░░░░░░░░ the way based on ░░░░░░░░ laws and what the ░░░░░░░░ has to say and ░░░░░░░░ he would actually have ░░░░░░░░ do Warren You know ░░░░░░░░ love that is the ░░░░░░░░ position And that is ░░░░░░░░ s fighting for the ░░░░░░░░ thing But maybe maybe ░░░░░░░░ billionaires have crosstalk FABER ░░░░░░░░ everybody wants a more ░░░░░░░░ city There s no ░░░░░░░░ about that The question ░░░░░░░░ how you build more ░░░░░░░░ Warren The billionaires should ░░░░░░░░ their part on this ░░░░░░░░ You build more housing ░░░░░░░░ do try to make ░░░░░░░░ more affordable But it ░░░░░░░░ a very difficult thing ░░░░░░░░ do You know that ░░░░░░░░ the country This is ░░░░░░░░ an issue that just ░░░░░░░░ in New York it ░░░░░░░░ everywhere Warren Yeah But ░░░░░░░░ s not an issue ░░░░░░░░ Eric Adams was fighting ░░░░░░░░ It s certainly not ░░░░░░░░ issue that Andrew Cuomo ░░░░░░░░ fighting for FABER I ░░░░░░░░ the mayor would say ░░░░░░░░ have been trying to ░░░░░░░░ on building as many ░░░░░░░░ Warren Mamdani is the ░░░░░░░░ who said I will ░░░░░░░░ this a priority And ░░░░░░░░ know what he said ░░░░░░░░ said I m really ░░░░░░░░ to lean in on ░░░░░░░░ care I m really ░░░░░░░░ to lean in on ░░░░░░░░ And I m even ░░░░░░░░ to try some new ░░░░░░░░ to bring down the ░░░░░░░░ of groceries FABER So ░░░░░░░░ doesn t concern you ░░░░░░░░ he is Warren I ░░░░░░░░ not going to sit ░░░░░░░░ and pretend oh it ░░░░░░░░ a federal problem Let ░░░░░░░░ federal government fix this ░░░░░░░░ I mean you can ░░░░░░░░ can say all these ░░░░░░░░ But again I think ░░░░░░░░ people would disagree to ░░░░░░░░ extent that by raising ░░░░░░░░ and making it more ░░░░░░░░ for business that create ░░░░░░░░ jobs that create the ░░░░░░░░ on which taxes are ░░░░░░░░ revenues come from that ░░░░░░░░ d ultimately be dealing ░░░░░░░░ a smaller pie He ░░░░░░░░ succeed by driving everybody ░░░░░░░░ Rents will go down ░░░░░░░░ If you think that ░░░░░░░░ best way to run ░░░░░░░░ government or national government ░░░░░░░░ to start with the ░░░░░░░░ and say what will ░░░░░░░░ best for you Vote ░░░░░░░░ FABER I don t ░░░░░░░░ anybody in New York ░░░░░░░░ talking about doing that ░░░░░░░░ But if you don ░░░░░░░░ if you don t ░░░░░░░░ let s make the ░░░░░░░░ more affordable Let s ░░░░░░░░ the country more affordable ░░░░░░░░ the way we do ░░░░░░░░ let s focus on ░░░░░░░░ Let s focus on ░░░░░░░░ Let s focus on ░░░░░░░░ care Donald Trump ran ░░░░░░░░ These are your issues ░░░░░░░░ Donald FABER These are ░░░░░░░░ issues Warren Dondal Trump ░░░░░░░░ for FABER You deal ░░░░░░░░ that Warren Oh and ░░░░░░░░ York should just say ░░░░░░░░ No Warren all we ░░░░░░░░ is the billioners pay ░░░░░░░░ you want you want ░░░░░░░░ pay FABER The mayor ░░░░░░░░ New York to focus ░░░░░░░░ delivering the most services ░░░░░░░░ the citizens of the ░░░░░░░░ and make it make ░░░░░░░░ a point of improving ░░░░░░░░ for them Warren I ░░░░░░░░ sorry Your fellow New ░░░░░░░░ have said he should ░░░░░░░░ on affordability This is ░░░░░░░░ they have voted for ░░░░░░░░ And that s why ░░░░░░░░ I will be here ░░░░░░░░ talk about his plans ░░░░░░░░ child care People are ░░░░░░░░ about his plans He ░░░░░░░░ going to experiment to ░░░░░░░░ to bring down grocery ░░░░░░░░ and food deserts God ░░░░░░░░ him on that He ░░░░░░░░ going to try something ░░░░░░░░ is the last time ░░░░░░░░ saw a mayor say ░░░░░░░░ m going to try ░░░░░░░░ for families and he ░░░░░░░░ going to bring FABER ░░░░░░░░ think somebody who has ░░░░░░░░ no experience 33 year ░░░░░░░░ socialist is going to ░░░░░░░░ as the mayor of ░░░░░░░░ York Warren Yes I ░░░░░░░░ FABER With no real ░░░░░░░░ whatsoever in city government ░░░░░░░░ I think he s ░░░░░░░░ to do a lot ░░░░░░░░ for working families than ░░░░░░░░ like Cuomo who says ░░░░░░░░ many billions of dollars ░░░░░░░░ we get into my ░░░░░░░░ so that I can ░░░░░░░░ to beat this guy ░░░░░░░░ Look this is democracy ░░░░░░░░ work People want to ░░░░░░░░ someone who s on ░░░░░░░░ side And that is ░░░░░░░░ Mamdani.”
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