New York Mayor Mamdani's agenda is facing challenges, with some outlets suggesting that wall street poses a significant threat to his plans. Mamdani has proposed a range of initiatives, including a $30/hour minimum wage and a potential property tax hike, which may be intended to pressure the state into taxing millionaires. However, there is uncertainty about the status of these proposals, with some reports indicating that Mamdani may be backing away from certain plans.