Latest news with #EconomicConcerns
Fox News
07-08-2025
- Politics
- Fox News
Sen. Slotkin says Dem Socialist NYC candidate Mamdani represents 'new generation' of leaders young voters want
Sen. Elissa Slotkin, D-Mich., suggested that New York City mayoral candidate Zohran Mamdani represents the "new generation" of leaders young Democrats are looking for. From his past condemnations of police to his defense of people using the phrase "Globalize the Intifada," Mamdani's record of far-left statements has put both Republicans and Democrats on high alert. Slotkin spoke to NBC News correspondent Julie Tsirkin after her town hall on Monday night. While Tsirkin noted that the crowd was "overwhelmingly composed of White seniors and older voters," Slotkin made repeated overtures to the economic concerns of young people. "I think this is the existential issue of our time, a shrinking middle class and this idea that young people feel like they've done everything right, and they don't have the same opportunities that their parents had, and they feel frustration about that," Slotkin told the correspondent. "And then the second thing is they want to see a new generation of leadership. I mean, I'm 49 years old, so I'm a good deal older than a lot of our youngest voters, and I'm like the spring chicken in the Senate. So they don't see themselves in elected leadership," she added. Tsirkin also asked if the prominence of the cost of living issue is why Mamdani won such a surprising victory in New York. "Yeah," Slotkin agreed. "I've said very openly that I don't – I never would be called an expert on New York City politics, but the two messages were like a blinking red light. How can you miss them? People are still extremely focused on the cost of living and how they can't get ahead. Still the motivating issue, and then number two, they want that new generation of leadership." "I may not agree with a number of things that Mr. Mamdani is proposing, but it's hard to miss the message of that election, which I think was very similar, frankly, to the election we had in November," she added. "Cost of living is still the biggest issue for people that I talked to."
Bloomberg
28-05-2025
- Business
- Bloomberg
BMO Beats Estimates on Lending Income Even as Provisions Climb
Bank of Montreal topped estimates as net interest income came in higher than expected even as the company set aside more money than forecast to cover possibly bad loans, highlighting growing concern about the fate of the North American economy. The Canadian bank earned C$2.62 a share on an adjusted basis in its fiscal second quarter, according to a statement Wednesday, beating the C$2.54 average estimate of analysts in a Bloomberg survey. Net interest income, the difference between what the bank earns on loans and pays for deposits, totaled C$5.1 billion ($3.7 billion), higher than the C$5.04 billion expected by analysts.
