$6 Gas Chaos, Ken Griffin Rips Mamdani + Nvidia’s AI Home Takeover | PBD #792
May 6, 2026
AI Summary
5 min readKen Griffin Flees New York, AI Replaces Coders, and $5 Gas Looms
The mayor of New York City stood outside Ken Griffin's $238 million penthouse and pointed at it on camera. "I said I was gonna tax the rich," Zoran Mamdani said in the video, announcing a pied-à-terre tax on luxury properties whose owners don't live full-time in the city. Griffin, the Citadel CEO who bought the most expensive penthouse in America, was asked about it at an event the next day. His response was blunt: when his firm moved from Chicago, there was a debate between New York and Miami. "It's unquestionably true that we made the right choice," Griffin said. He added that the mayor had made clear to his New York partners that they need to "double down on our bet on Miami" because they want to be in a state that embraces business, education, personal freedom, and the American dream. The project in question was a $6 billion development expected to create roughly 21,000 jobs. The panel argued that Mamdani is not a typical Democrat but a Marxist who intentionally targeted Griffin to send a message, and that the real cost will be borne by working-class New Yorkers who lose construction jobs.
The Oil Market, $5 Gas, and the Diesel Blind Spot
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What you'll learn
- 1 (00:28) **Episode Kickoff & Story Rundown** - Host Patrick Bet-David (PBD) runs through a dense list of topics for the episode, including Ken Griffin vs. Mayor Mamdani, gas prices, Vivek Ramaswamy's win, and more.
- 2 (09:13) **Ken Griffin vs. NYC Mayor Mamdani** - PBD introduces the conflict between Citadel CEO Ken Griffin and New York City Mayor Zoran Mamdani, who doxxed Griffin's home address.
- 3 (18:14) **CZ Interview Tease & The Mobility of Intangible Wealth** - PBD teases his upcoming interview with Binance founder CZ, using it to highlight how digital wealth can easily flee high-tax jurisdictions.
- 4 (21:08) **Project Freedom & The $5 Gas Reality** - The panel discusses President Trump's tweet about progress on a deal with Iran and the resulting drop in oil prices, contrasted with the physical reality of the blockade.
- 5 (32:25) **Anthropic CEO: AI Will Write All Code in 12 Months** - The panel reacts to Anthropic CEO Dario Amodei's prediction that AI will write 100% of code within a year.
- 6 (41:56) **Jamie Dimon on Bureaucracy & Management** - The panel analyzes Jamie Dimon's advice on cutting bureaucracy, eliminating bad managers, and the importance of client interaction.
- 7 (53:55) **Starbucks CEO: The $9 Coffee Experience** - The panel discusses Brian Niccol's comment about making the $9 Starbucks experience worthwhile, which sparked backlash.
+ Full timestamped outline available in the app
Guests on this episode
Show Notes
Patrick Bet-David, Tom Ellsworth, Brandon Aceto and Jeff Snider break down California gas prices hitting $6.06 a gallon, Trump's sudden pause of Project Freedom, Nvidia's pitch to put personal AI data centers in your home, Ken Griffin firing back at NYC Mayor Mamdani's wealth tax targeting his $238M penthouse, and the Anthropic CEO warning that AI disruption to white-collar jobs is coming faster than anyone is prepared for.
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