President Trump says Dallas' 'Y’all Street' is 'an unbelievably bad thing for New York'
WFAA • • business
Key Points:
- President Trump criticized the establishment of NYSE Texas in Dallas, calling it "unbelievably bad" for New York and challenging New York City's new mayor, Zohran Mamdani, on the issue.
- Dallas Mayor Eric Johnson contrasted New York's "heartbeat of socialism" with Dallas as "the future of capitalism," highlighting Dallas as the leading U.S. city for corporate relocations and a growing financial hub.
- The New York Stock Exchange launched NYSE Texas in 2025 as a fully electronic exchange based in Dallas, citing Texas's large number of NYSE listings and a pro-business environment.
- Additional financial institutions, including the Texas Stock Exchange (TXSE) and Nasdaq Texas, are expanding operations in Texas, reinforcing the rise of
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