NEW YORK, NEW YORK - AUGUST 12: New York Gov. Kathy Hochul (L) speaks as New York City Mayor Zohran Mamdani listens during the annual New York State Financial Control Board meeting on August 12, 2026 in New York City. Hochul was joined by Mamdani, State Comptroller Thomas Dinapoli, New York City Comptroller Mark Levine and other board members as they discussed the state's budget. (Photo by Michael M. Santiago/Getty Images)

NEW YORK, NEW YORK - AUGUST 12: New York City Mayor Zohran Mamdani arrives for the annual New York State Financial Control Board meeting on August 12, 2026 in New York City. Mamdani was joined by Gov. Kathy Hochul, State Comptroller Thomas Dinapoli, New York City Comptroller Mark Levine and other board members as they discussed the state's budget. (Photo by Michael M. Santiago/Getty Images)

NEW YORK, NEW YORK - AUGUST 12: New York Gov. Kathy Hochul (L) speaks as New York City Mayor Zohran Mamdani listens during the annual New York State Financial Control Board meeting on August 12, 2026 in New York City. Hochul was joined by Mamdani, State Comptroller Thomas Dinapoli, New York City Comptroller Mark Levine and other board members as they discussed the state's budget. (Photo by Michael M. Santiago/Getty Images)

NEW YORK, NEW YORK - AUGUST 12: New York City Mayor Zohran Mamdani arrives for the annual New York State Financial Control Board meeting on August 12, 2026 in New York City. Mamdani was joined by Gov. Kathy Hochul, State Comptroller Thomas Dinapoli, New York City Comptroller Mark Levine and other board members as they discussed the state's budget. (Photo by Michael M. Santiago/Getty Images)

FILE - Emily Danenhower, 17, loads her container as grandparents Rena Ruben and Walter McClain help move her into college as students moved into their dorms during move-in-day at Temple University in Philadelphia, on Monday, Aug. 21, 2023. (Alejandro A. Alvarez/The Philadelphia Inquirer via AP, File)

Trader Fred Demarco, right, and Specialist Michael Pistillo, left, work on the floor of the New York Stock Exchange, Friday, Aug. 7, 2026, in New York. (AP Photo/Yuki Iwamura)

Currency traders work at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, Aug. 12, 2026. (AP Photo/Ahn Young-joon)

Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, Aug. 12, 2026. (AP Photo/Ahn Young-joon)