Latest / Turley Talks / Ep. 3646 Mamdani Just Started a FIGHT with Starbucks and Then THIS HAPPENED ...
Transcript
- 0:00[SPEAKER_00]: The liberal globalist order is on its brink and awakening a new conservative age.
- 0:06[SPEAKER_00]: Dr. Steve Turley joined me every day as we discover answers to today's toughest challenges and explore the re-bondalization of conservative civilization.
- 0:18[SPEAKER_00]: This is Turley Talks.
- 0:20[SPEAKER_00]: Picture this, $190 Starbucks locations all across New York City generating nearly a half a billion dollars in annual sales, employing 4,500 workers, and pumping nearly $50 million in sales tax alone into the city's coffers.
- 0:39[SPEAKER_00]: Now, imagine they're incoming socialist mayor, telling New Yorkers to boycott every single
- 0:49[SPEAKER_00]: He needs their tax dollars to pay for all the free goodies he promised to New Yorkers, but then he tells the city to boycott the very corporations his tax plan relies on for funding.
- 1:02[SPEAKER_00]: Sound insane?
- 1:03[SPEAKER_00]: Well, it is.
- 1:04[SPEAKER_00]: And you won't believe what Starbucks did in response.
- 1:09[SPEAKER_00]: Hey gang, it's me, Dr. Steve, your Patre professor here to help you make sense of the madness as the far left desperately tries to stop the unstoppable rise of a new conservative age that you're making happen all over the world.
- 1:21[SPEAKER_00]: So if you want a front row seat, on how you continue to change the world in ways you never even imagine, make sure to smack that bell and subscribe on you know, before we jump in here, I want to give a huge shout out to a good friend of this channel and that's the insider trading expert.
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- 2:58[SPEAKER_00]: Let's dive right in here gang
- 3:02[SPEAKER_00]: New York City mayor elect Zoron Mamdoni, the 34-year-old Democratic Socialist, set to take power January 1st, publicly called for a citywide Starbucks boycott as Union workers launched, but they were calling their red cup rebellion strike.
- 3:21[SPEAKER_00]: Mamdoni tweeted out, quote, while workers on strike, I will not be buying any Starbucks.
- 3:27[SPEAKER_00]: And I'm asking you to join us together.
- 3:30[SPEAKER_00]: We can send a powerful message.
- 3:32[SPEAKER_00]: No contract, no coffee, so.
- 3:36[SPEAKER_00]: contract.
- 3:37[SPEAKER_00]: No contract, no coffee.
- 3:39[SPEAKER_00]: So what's going on here is that the Starbucks workers united, which is a union that's comprised of only about 4% of Starbucks stores.
- 3:48[SPEAKER_00]: They launched the Red Copper Bellion, which is a nationwide coordinated strike, targeting approximately 65 unionized Starbucks locations across the United States.
- 4:00[SPEAKER_00]: on the company's busiest day of the year at the heart of the strike are stalled contract negotiations.
- 4:06[SPEAKER_00]: That's why no contract, no coffee.
- 4:09[SPEAKER_00]: Workers are demanding the basics, you know, higher wages, better benefits, better scheduling, improved health care, stronger job protections in the light, and they're calling it the red cup rebellion because red cup day marks the official start of Starbucks holiday season and traditionally generates enormous sales spikes, usually the the highest of the year.
- 4:29[SPEAKER_00]: And so this is the day that these union members targeted,
- 4:34[SPEAKER_00]: Deliberately to inflict the most amount of pain for Starbucks and its stockholders and Mamdoni joined in in that effort.
- 4:45[SPEAKER_00]: He joined in in wanting to maximize the economic loss for this corporation.
- 4:52[SPEAKER_00]: Now, what makes that particularly strange for Mamdon is he is relying in ordinantly on corporate taxes to fund all of his socialist giveaways, right?
- 5:03[SPEAKER_00]: Free child care for all children of the age of six, the elimination of all fairs on New York City buses, city owned grocery stores and the likes.
- 5:11[SPEAKER_00]: So think about it.
- 5:13[SPEAKER_00]: The man about to run America's largest cities, by the way, never run a business.
- 5:17[SPEAKER_00]: He's never even ever had a real job.
- 5:21[SPEAKER_00]: But this guy just urged his constituents to economically strangle a company that he needs to rely on to directly fund the very programs he can't paint on.
- 5:35[SPEAKER_00]: But here's the math that nobody seems to be talking about.
- 5:40[SPEAKER_00]: If Starbucks were to pull out of New York City, which they're already doing nationwide, the city would lose $70 to $80 million annually in direct revenue.
- 5:52[SPEAKER_00]: They would lose sales tax, payroll tax, property taxes, occupancy fees, all gone, literally overnight.
- 6:00[SPEAKER_00]: And that's before their ripple effect hits.
- 6:03[SPEAKER_00]: So when those 190 stores close,
- 6:06[SPEAKER_00]: Well, foot traffic dies and would foot traffic dies nearby businesses lose money and wouldn't nearby businesses lose money property values to climb.
- 6:16[SPEAKER_00]: Economic experts estimate the total damage would be upwards of a quarter of a billion dollars.
- 6:22[SPEAKER_00]: Now, you may know this, but Starbucks, the corporation, they haven't their best moment right now.
- 6:30[SPEAKER_00]: They've already closed over 600 stores nationwide, and in New York alone, more than 50 Starbucks locations are now gone.
- 6:39[SPEAKER_00]: The company laid off 900 corporate employees on top of 1100 earlier cuts, and they're taking a billion dollar restructuring effort.
- 6:48[SPEAKER_00]: And I don't think Maam Donnie quite realizes the trip wire he's stepping on here.
- 6:55[SPEAKER_00]: Remember, the mayor of New York.
- 6:58[SPEAKER_00]: is powerless to raise taxes, New York City, right?
- 7:02[SPEAKER_00]: He's powerless, he cannot raise that.
- 7:04[SPEAKER_00]: Mandoning knows he has to raise taxes significantly to pay for all the free stuff he's promised, but the New York State Constitution requires all tax heights have to go through the state legislature in Albany.
- 7:17[SPEAKER_00]: And Governor Hulkel has already said that she's very much against raising taxes any further,
- 7:24[SPEAKER_00]: on New Yorkers, especially those who could pick up and leave the state as they've been doing now to the tune of hundreds of thousands ever since 2020.
- 7:33[SPEAKER_00]: And then to his south, we have President Trump threatening to cut off funds permanently from New York.
- 7:41[SPEAKER_00]: He's already frozen almost $20 billion in New York City infrastructure projects like the Gateway rail tunnel project
- 7:53[SPEAKER_00]: So, Mandani is really stuck between a rock and a hard place, and now he's only further alienating himself from really the financial heartbeat of the city, and that's corporations like Starbucks who he needs to help finance his socialist vision.
- 8:12[SPEAKER_00]: And it makes matters even worse at the very same time, the NYPD, the New York Police Department, they're shrinking and alarming rate.
- 8:20[SPEAKER_00]: You
- 8:22[SPEAKER_00]: But they are literally hemorrhaging officers just ahead of Mamdoni's inauguration.
- 8:26[SPEAKER_00]: So back in October, nearly 250 officers quit.
- 8:30[SPEAKER_00]: That was a 35% increase of quiddings from the previous year.
- 8:34[SPEAKER_00]: Since January of 2024, the New York City Police Department has lost over 5,000 rank and file officers an average of over 300 per month.
- 8:51[SPEAKER_00]: Everyone's concerned about the policies, Mamedani wants to put in place.
- 8:55[SPEAKER_00]: I mean, bottom line, they just don't want to work for a guy who consistently vilifies law enforcement as the villain and criminals as the victims.
- 9:07[SPEAKER_00]: But ironically, in all of this, it appears that Starbucks is getting the last laugh here.
- 9:16[SPEAKER_00]: Not only did Starbucks report that 99% of its stores remain open during the strike, but they're reporting that they had their best red cup day ever!
- 9:27[SPEAKER_00]: that have exceeded all sales expectations.
- 9:31[SPEAKER_00]: I mean, seriously, I think Bambani is like the greatest marketing gift ever.
- 9:36[SPEAKER_00]: They're actually calling it the Mambani effect, right?
- 9:40[SPEAKER_00]: One Miami developer, real estate developer, reported over $100 million in sign contracts from nervous New Yorkers in just the past three months, doubling what they got in the
- 9:55[SPEAKER_00]: And Starbucks is basically making the same power move here.
- 9:58[SPEAKER_00]: Starbucks has essentially told Mandani and the unions, you know, your boycott didn't work.
- 10:05[SPEAKER_00]: We had our best day ever.
- 10:08[SPEAKER_00]: But there's also a very subtle underlying message there in what Starbucks just said.
- 10:17[SPEAKER_00]: We're in international corporation.
- 10:19[SPEAKER_00]: We don't need New York City.
- 10:21[SPEAKER_00]: New York City needs us.
- 10:24[SPEAKER_00]: If the political and labor environment becomes too hostile, will simply re-allocate capital to friendly markets.
- 10:32[SPEAKER_00]: It's that simple, with over 40,000 stores globally.
- 10:36[SPEAKER_00]: Starbucks does not need New York, but New York and host especially Mamdoni, desperately need Starbucks, tax revenue jobs, and economic activity.
- 10:49[SPEAKER_00]: So there you have it.
- 10:50[SPEAKER_00]: It seems like,
- 10:52[SPEAKER_00]: We have yet another notch in this, another loss.
- 10:57[SPEAKER_00]: Yes, that's what I wanted to say.
- 10:58[SPEAKER_00]: Seems like we've got, we've notched yet another loss for this socialist sham.
- 11:05[SPEAKER_00]: There we go, I said it.
- 11:07[SPEAKER_00]: Bam, Donny could double down and watch the city bleed or he could admit that the hand he's biting feeds his entire socialist dream.
- 11:16[SPEAKER_00]: My bet, he doubles down and New Yorkers are gonna end up paying the price.
- 11:23[SPEAKER_00]: One closed storefront at a time.
- 11:27[SPEAKER_00]: So what do you guys think?
- 11:28[SPEAKER_00]: Let me know in the comments section below and as always make sure to smack that bell and subscribe button for breaking news and analysis you're not gonna hear anywhere else.
- 11:36[SPEAKER_00]: Love you guys.
- 11:37[SPEAKER_00]: God bless.
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