Episode summary
Mamdani Allies Sweep Primary Elections; Trump Pushes Back On Iran | Bloomberg Daybreak: US Edition
Bloomberg Daybreak: US Edition
· · 15 min
Summary
New York’s Democratic primaries showed Zohran Mamdani’s influence extending beyond the mayor’s office. Three candidates aligned with his politics won House contests, including former comptroller Brad Lander, who toppled Dan Goldman in the 10th district, while Darializa Avila Chevalier and Claire Valdez also prevailed in their races. A professor of politics said the results suggest Mamdani’s victory was not a fluke, but also that the pattern remains district-specific rather than a national template.
The program also focused on the latest clash between the U.S. and Iran. President Trump said funds released from frozen accounts would be limited to food and medical purchases from the United States, while Iran rejected that characterization and said the money would be usable freely. The Senate also voted to end U.S. hostilities against Iran, signaling rising concern in Washington even as negotiations continue.
Markets were driven by earnings and financing news. Micron Technology’s results are being watched as a key test of the AI trade, while FedEx fell after a margin miss. SpaceX sold $25 billion of investment-grade bonds, replacing expensive debt tied to Musk’s other companies and drawing strong investor demand.
Key takeaways
- The hosts said Mamdani-backed candidates won all three New York congressional primaries in which he intervened, including Brad Lander’s upset over Dan Goldman.
- Jennifer Lawless argued the results show Democratic socialists can win in the right districts, but the pattern is still highly district-specific.
- The hosts reported that Trump said Iranian funds would be restricted to U.S. food and medical purchases, while Iran denied that limitation.
- The Senate voted to end U.S. hostilities against Iran, reflecting growing concern over the conflict even though the measure is not binding law.
- Micron’s earnings are being treated as a major test of AI demand, while SpaceX sold $25 billion of bonds and drew $89 billion of orders at its peak.
Notable quotes
“Solidarity is the force that we need to vanquish Trump's fascism, to abolish ICE, and to stand up to the billionaires who are rigging our economy”
“And in a post on social media, the president said the billions in unlocked financing would go into escrow controlled by the USA and be used to purchase American grown products such as corn, wheat, and soybeans”
“The resolution already approved by the House requires the US to cease hostilities against Iran unless Congress votes to authorize further attacks”
“The memory company has been dominating US markets, not only as one of the largest contributors to the S&P 500's rally this year, but has become the most traded stock in the US”
“The bond offering was supported by investors. $89 billion of orders were received at its peak”
How the episode opens
Bloomberg Audio Studios, podcasts, radio, news. — Good morning. I'm Nathan Hager — And I'm Karen Moscow. Here are the stories we're following today. — Karen, let's begin with the race to the midterms. New York held primary elections last night and in New York City, it was a big night for Mayor Zorn Donnie. Three of the Democratic Socialist mayor's favored House candidates swept to victory, including former city comproller Brad Lander. He unseated two-term Congressman Dan Goldman in the 10th district with almost 66% of the vote.
Solidarity is the force that we need to vanquish Trump's fascism, — To abolish ICE, — And to stand up to the billionaires who are rigging our economy. — That was Brad Lander declaring victory last night. He'll face Republican Jennifer Moore who ran uncontested in the general election in November.
Well, Nathan, it was a closer race for another Mannybacked candidate in the 13th district. But with 88% of votes counted, activist Dar Lisa Ailia Chevalier is projected to defeat incumbent Adriano Espayat 49 to 46%. And in the seventh district race to succeed retiring Congresswoman Nidia Velasquez, Madam backed state lawmaker Claire Valdez won with 56% of the vote. Velasquez endorsed Brooklyn Burough President Antonio Renoso in that race. He took just 36% of the vote.
And in the crowded race for retiring Congressman Jerry Nadler seat, Karen Mayor Mdani did not make an endorsement. But that race went to Micah Lasher. He won with 39% of the vote in a field that included Kennedy grandson Jack Schlloberg, Trump critic George Conway, and state assemblyman Alex Boris.
Lasher is a former aid to Michael Bloomberg, the founder and majority owner of Bloomberg radio parent company Bloomberg LP. Bloomberg endorsed Lasher in the race. He'll face Republican Caroline Shinkle this fall.
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- us congressional primaries
- iran frozen funds
- us iran peace talks
- elon musk debt and financing
- space industry bond market
Companies and tickers mentioned
- SpaceX
- X
- xAI
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Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
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