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| APPEARANCE |  | | | Peek Torches Friedman: Rooting Against America to Own Trump Is “Appalling” | “That kind of public negativity doesn’t just embarrass — it signals to Iran that Trump is under domestic pressure, handing the enemy leverage.” |
Liz Peek joined Larry Kudlow and Kenny Polcari on Fox Business to break down what’s moving markets — and the short answer is Iran. She pointed to the recent CPI and PPI reports as genuinely encouraging, with food at home showing zero change and energy as the only real trouble spot. With oil futures in the low-to-mid 70s and trending lower, Peek argued that if the Iran standoff resolves, inflation essentially takes care of itself. On geopolitics, Peek made the case that economic pressure has always been the more effective weapon against Tehran — Iran’s bravado, she said, is running on fumes. She expressed surprise the standoff has dragged on this long given the various factions inside Iran jockeying for position, but said she can’t imagine the world tolerating indefinite harassment in the Strait of Hormuz. Her sharpest commentary targeted media and Democratic opposition to Trump’s Iran push. Peek called out New York Times columnist Tom Friedman by name, saying his admitted reluctance to cheer for a U.S. win because it might benefit Trump and Netanyahu was appalling — and worse, signals weakness to Iran at the negotiating table. On the broader economy, Peek cited Bank of America Institute data showing March consumer spending was the strongest since early 2023. With earnings solid, AI momentum building, and the S&P approaching 7,000, she read the market’s winning streak as the smart money pricing in a deal. |
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| NEWS |  | | | NYC Mayor Mamdani Cheers New $500M Luxury Second-Home Tax: “We’re Taxing the Rich” | “When I ran for mayor, I said I was going to tax the rich. Well, today, we’re taxing the rich.” — Mayor Zohran Mamdani |
New York City Mayor Zohran Mamdani is celebrating a new state proposal that would hit luxury second-home owners with a steep annual surcharge. Governor Kathy Hochul unveiled the pied-à-terre tax targeting nonresidents who own New York City properties valued at $5 million or more — projecting it would generate at least $500 million per year to support city services. Under the plan, owners of high-end second homes who neither live in the city nor pay city income tax would face a yearly surcharge. Hochul framed it as a targeted measure aimed exclusively at nonresident ultra-wealthy property holders, not everyday New Yorkers, with funds earmarked for policing, parks, and budget relief. Mamdani went further, posting a celebratory video on X and calling the current system fundamentally unfair to residents who actually live and pay taxes in the city. He argued the surcharge would help fund free childcare, cleaner streets, and safer neighborhoods for working New Yorkers. Critics are already warning the proposal could accelerate the exodus of wealthy property owners from the city, reduce real estate values, and ultimately deliver less revenue than projected — a concern that has shadowed every major tax-the-rich initiative New York has attempted in recent memory. |
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