Andrew Cuomo, Fmr. New York governor, joins 'Money Movers' to discuss the New York City mayoral race and safety in the city and leading democratic candidate Mamdani.

New York

Former New York Governor Andrew Cuomo has stated that if candidate Zohran Mamdani wins the mayoral race, it could lead to businesses leaving New York City. Cuomo described Mamdani's platform as anti-corporate and anti-capitalist, suggesting it has caused concern among the business community. He noted that the Democratic Party is divided, with a growing socialist contingent and a lack of unified support for the nominee.

Cuomo also pointed to low voter turnout in previous elections and suggested that the stakes of this race, including issues of anti-Semitism and the candidate's lack of executive experience, could drive higher participation. He emphasized that this election represents a significant shift for the city, with potential long-term consequences.

Cuomo: Businesses will leave if Mamdani wins mayoral race

I wonder what you make of the Democratic Party and their reaction, semi-embrace of him, of Mamdani. You know, they say he tapped into a lot of real issues that people have with grocery affordability and housing availability. And they have not denounced him for being anti-Semitic or for anti-Israel or anti-capitalist. Yeah. Well, Sarah, you know, first of all, I don't think there was a they right now, right? You have a schism within the Democratic Party, which has been growing for years. And you have a socialist, if you will, contingent within the Democratic Party. And you've seen it growing over the past five, six, seven, eight years. And then you have what would be more traditional mainstream Democrats, if you will. And you see the ambivalence playing out here. Normally, the Democratic nominee, the entire Democratic Party would endorse the Democratic nominee. That's not happening here, because in this topsy-turvy world, you have a socialist running as the Democrat on the Democratic line and a Democrat running on the independent line, right? So it's— I know. It's all mixed up. Yeah. So you have a lot of business backers, and you speak to a lot of businesses. What do you think would happen if Mamdani wins to business in this city? Oh, I think—I think you would see businesses leave. I don't think there's any doubt about that. There's a hostility towards business, right? Socialism first, by and large, is sort of anti-corporate by definition. But his theory of government controls the production of goods, right? Everything free. Government-run grocery stores. This is an anti-corporate, anti-capitalist, anti-business philosophy. And it has petrified, and it should petrify, the business community. And remember, now they don't have to be here, right? There's a new mobility post-COVID. You can Zoom. So they're not locked into New York the way they were 20 years ago. And we've been seeing that. But wealthier people, corporations, they will leave. To the extent it comes down to turnout, let's assume there is—you do consolidate, and Adams were to drop out. I mean, I think there's 4.9 million registered voters in the city of New York, but only about 23 percent of them actually show up to vote in a mayoral election. What do you need in terms of real turnout if you actually have a chance here of beating Mamdani? Well, the primary is so small, right? The entire vote was about 20 percent. I lost by about 2 percent of the registered voters. I think you're going to see a big turnout. There's about 5 million total voters. There have been turnouts of about 2 million. I would not be surprised if you see a much larger turnout, because this is a shocking election at a very alarming time. You have anti-Semitism that's going on in this city. We have one of the highest rates of anti-Semitism of any city in the United States of America. And the highest number of Jews outside of Israel. Yes, and the highest population outside of Israel. So you have that issue. You're talking about electing a socialist, which takes a lot of people back, right? A 33-year-old, never had a job, and now the first job is going to be mayor of New York. You have to manage 300,000 people, $115 billion budget. You wake up and there's a shooter on Park Avenue. And you've never done anything like this before, and it's all on-the-job training. So I think there's a lot of major factors that will motivate people to vote. And they should vote, because this is not a choice between two candidates who are basically just different flavors of the same variety. This is a dramatic, dramatic shift for the city, with dramatic consequences that I think would resonate for decades.

A mass shooting in Anaconda triggers community shock and concern, as witnesses share their experiences and the investigation unfolds amid rising tensions.

Anaconda

Community in shock following deadly shooting in Anaconda

U.S. President Donald Trump said he's ordered his administration to fire the commissioner of the U.S. Bureau of Labor Statistics, on the same day new data was released showing weak job growth in July. The Labor Department also sharply revised job growth for May and June down.

Washington

Trump orders firing of U.S. Bureau of Labor Statistics commissioner

U.S. President Donald Trump says he ordered two nuclear submarines to be positioned in the "appropriate regions" as a response to comments made by Russia's former president. CBS News' Charlie D'Agata reports.

Trump says nuclear submarines moved in response to Russia

Jeffrey Epstein accomplice Ghislaine Maxwell has been transferred to a Bryan, Texas, prison, CBS News confirms. Maxwell was previously held in Tallahassee, Florida.

Bryan

Ghislaine Maxwell transferred to Texas prison

The announcement comes as international pressure mounts on Israel over the war in Gaza and the deepening humanitarian crisis in the Palestinian enclave.

Ljubljana

Middle East Conflict

Slovenia becomes first EU country to ban arms trade with Israel

The United States imposed sanctions on Palestinian Authority officials just as other nations are stressing the importance of the PA in governing Gaza in the event of an end to the devastating war in the enclave.

U.S. sanctions Palestinian Authority in growing diplomatic rift

Ukraine’s Parliament has reversed a controversial law signed last week by President Volodymyr Zelenskyy, which would have allowed the government greater control over anti-corruption agencies. The decision comes as the country faces one of its most significant political crises since Russia’s full-scale invasion in 2022.

Kyiv

Ukraine Invasion

Ukraine parliament reverses bill on anti-corruption agencies amid crisis

U.S. President Donald Trump has signed an executive order increasing tariffs on Canadian goods that don't meet the terms of the Canada-U.S.-Mexico Agreement to 35 per cent.

Ottawa

Global Tariffs

Trump raises Canada tariff to 35%, grants extension to Mexico

U.S. special envoy Steve Witkoff met Israeli Prime Minister Benjamin Netanyahu on July 31 in a bid to salvage Gaza truce talks and tackle a humanitarian crisis in the enclave, where a global hunger monitor has warned that famine is unfolding.

Jerusalem

Trump's envoy meets Netanyahu for Gaza aid, ceasefire push

U.S. special envoy Steve Witkoff is visiting Israel as more countries join the call to recognize a Palestinian state in September. CBS News' Robert Berger has the latest.

Trump envoy in Israel as Canada joins call on Palestinian statehood

President Donald Trump says the U.S. will charge a 15% tariff on imports from South Korea as part of a deal that eases, for now, tension with a top-10 trading partner and key Asian ally.

Trump says U.S. will set 15% tariff on South Korean imports

U.S. President Donald Trump slapped a 50% tariff on most Brazilian goods to fight what he has called a "witch hunt" against former President Jair Bolsonaro, but softened the blow by excluding sectors such as aircraft, energy and orange juice from heavier levies.

Rio de Janeiro

Trump hits Brazil with tariffs, sanctions but key sectors excluded

Widespread damage from tsunami waves after one of the strongest earthquakes ever recorded appears to have been largely avoided. Experts say this event should be used to gauge disaster preparedness for a more serious situation in the future.

Okinawa

Tsunami damage less severe than feared after Russian earthquake

Prime Minister Mark Carney announced that Canada will recognize a Palestinian state later this year if the Palestinian Authority, which governs parts of the West Bank, meets certain conditions.

Canada to recognize Palestinian state in September if conditions met

Australia said on Wednesday (July 30) it will add YouTube to sites covered by its world-first ban on social media for teenagers, reversing an earlier decision to exempt the Alphabet-owned video-sharing site and potentially setting up a legal challenge.

Canberra

Australia expands teen social media ban to YouTube

President Donald Trump said on Wednesday (July 30) the United States will impose a 25% tariff on goods imported from India, as well as an unspecified penalty for buying Russian weapons and oil, on Aug. 1.

Trump says U.S. to hit India with 25% tariff starting August 1

Mourners flooded the streets of Birmingham to celebrate the life of rock-and-roll legend Ozzy Osbourne during his funeral procession in the United Kingdom. Mark Savage, a music reporter at the BBC, a CBS News partner, joins with more details.

Birmingham

Ozzy Osbourne fans flood Birmingham streets to mourn late music icon

U.S. President Donald Trump told reporters before departing from Scotland that Jeffrey Epstein poached workers from his Mar-a-Lago spa. Trump mentioned Virginia Giuffre, one of Epstein's most vocal accusers, in his latest remarks.

Trump says Epstein 'stole' young women from Mar-a-Lago spa

Owdeh Hathaleen, a 31-year‑old Palestinian activist, teacher, and filmmaker behind the Oscar-winning documentary No Other Land, was shot dead by an Israeli settler near the village of Umm al‑Khair in the South Hebron Hills.

Palestinian activist killed by Israeli settler in West Bank

A powerful magnitude 8.8 earthquake off Russia's Far Eastern Kamchatka Peninsula triggered tsunami waves of up to 16 feet nearby, and sparked evacuation orders in Japan, Hawaii and across the Pacific on Wednesday (July 30).

Hawaii

Tsunami reaches Hawaii after huge quake shakes Russia's Far East

The U.N. General Assembly brought high-level officials together to promote a two-state solution to the decades-old Israel-Palestinian conflict. Israel and the United States are boycotting the two-day meeting, co-chaired by the foreign ministers of France and Saudi Arabia

Israel and U.S. boycott UN Summit for two-state solution

With numerous countries facing an Aug. 1 trade agreement deadline, officials in the Trump administration say China could get an extension while negotiations continue.

Trump officials suggest potential tariff truce with China

Police say the man who shot and killed four people in a New York City office building before he took his own life had a "documented mental health history." Mayor Eric Adams says he may have been targeting the National Football League (NFL).

Manhattan gunman had 'documented mental health history'

Jeffrey Epstein-associate Ghislaine Maxwell is offering to testify before Congress in exchange for concessions like full immunity. CBS News Department of Justice reporter Jake Rosen has more.

Ghislaine Maxwell offers to testify before Congress

Prime Minister Keir Starmer said on Tuesday (July 29) Britain was prepared to recognize a Palestinian state in September at the United Nations General Assembly unless Israel takes a number of steps to improve life for Palestinians.

London

UK to recognize Palestinian state unless Israel takes action

Russia launched overnight air strikes on over 70 Ukrainian cities, killing more than 20 people, according to President Zelenskyy. A pregnant woman died near a hospital in the southeast, while a prison strike killed at least 17.

Deadly Russian air raids hit Ukraine as Trump warns of sanctions

For the first time, human rights groups inside Israel are accusing their own government of committing genocide in Gaza. Israel insists it is targeting Hamas, not civilians—despite nearly 60,000 Palestinian deaths since the war began almost two years ago.

Rights groups in Israel accuse country of genocide

As Gaza’s crisis worsens, France is advocating for a two-state solution at a UN conference co-chaired by the French foreign minister. The meeting follows President Macron’s announcement that France will formally recognize a Palestinian state in September.

France leads UN talks on Israel-Palestine two-state solution

Former Colombian President Álvaro Uribe was found guilty of bribery and witness tampering in an unprecedented trial that has shaken the country.

Bogotá

Ex-Colombian president Uribe convicted of witness tampering, bribery

Russian Security Council Deputy Chairman Dmitry Medvedev posted on social media that President Trump's deadline push for a ceasefire with Ukraine is "a threat and a step towards war."

Breakdown