[ June 13, 2026 ]
The flight of financial institutions from New York City is not surprising—it was inevitable. What is tragic is that this is only the beginning. More firms will exclude New York from future expansion plans, and over time many will abandon the city altogether.
Trump calls NYSE Dallas Expansion Plans ‘Unbelievably Bad’ for New York
It’s a death sentence. Today the two largest employers in NYC are the government and Wall Street (financial sector). The looters and producers. Once the producers are gone – what then?
New York’s Financial Sector Losing Ground to Rivals
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No rational CEO would choose to grow a business in a city governed by an ideological regime hostile to capitalism, enterprise, and public safety. Under Mayor Zohran Mamdani, New York has become openly antagonistic to wealth creation, investment, and the rule of law. Capital does not argue with ideology—it leaves.
Cities like Dallas and regions across South Florida see the opening clearly and are moving aggressively to seize it. Dallas Mayor Eric Johnson has made the pitch explicit: low taxes, minimal regulation, and an unapologetic embrace of capitalism. He calls it a sanctuary from socialism—and Wall Street is listening.
Even President Donald J. Trump has warned that plans to expand the New York Stock Exchange into Dallas are “unbelievably bad” for New York, calling the move a direct indictment of city leadership and a critical early test of Mamdani’s administration.
The verdict is already in.
Capital is mobile. Ideology is not.
And New York is learning too lat that markets always vote with their feet.
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Donald J. Trump Truth Social Post 11:16 PM EST 01.18.26 pic.twitter.com/H5XYMIgBZb
— Commentary Donald J. Trump Posts From Truth Social (@TrumpDailyPosts) January 19, 2026
To companies and financial institutions across the US: We are your sanctuary from socialism. Dallas wants your business. Low taxes. Minimal regulations. Here, we embrace capitalism and the opportunity it creates. @Varneyco says, “That’s really cool!” https://t.co/xVILSK9ilz
— Mayor Eric L. Johnson (@Johnson4Dallas) January 12, 2026
Dallas mayor predicts ‘avalanche’ of NYC financial firms fleeing new socialist policies under Mamdani https://t.co/Fyr9gb9sR3
— FOX Business (@FoxBusiness) January 7, 2026
— Commentary Donald J. Trump Posts From Truth Social (@TrumpDailyPosts) January 19, 2026
Trump calls NYSE Dallas expansion plans ‘unbelievably bad’ for New York
By Jan 19th, 2026
President Donald Trump blasted plans to expand the New York Stock Exchange to Dallas, calling the move “unbelievably bad” for New York and a failure of city leadership.
“Building a New York Stock Exchange in Dallas is an unbelievably bad thing for New York. I can’t believe they would let this happen,” Trump wrote in a Truth Social post. He added that the move posed a “big test” for New York’s newly inaugurated mayor, Zohran Mamdani.
Mamdani’s office did not immediately respond to FOX Business’ request for comment.
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