Gold fell 3.6% to $4,108.20 per troy ounce on Wednesday, its lowest settle value since November. Gold has retreated in five of the past six sessions, and is now down 23% from an all-time high of $5,318.40 hit in late January.

New York City Councilmember Jennifer Gutiérrez and some of her colleagues are pushing a proposal to require the establishment of at least five municipal grocery stores per borough.

The proposal comes as New York City Mayor Zohran Mamdani’s administration aims to establish one municipal grocery store in each of the Big Apple’s five boroughs by the end of his first term.

“Let’s make sure it’s not something that just our current mayor invests in, but something we can codify into in perpetuity,” Gutiérrez said, according to The City Reporter.

Fox News Digital reached out to Gutiérrez’s office on Friday to request a comment from the councilmember.

MAYOR ZOHRAN MAMDANI SAYS FIRST OF NYC’S FIVE GOVERNMENT-RUN GROCERY STORES WILL OPEN IN THE BRONX NEXT YEAR

Zohran Mamdani, mayor of New York, and Kathy Hochul, governor of New York, during a news conference on 2026 FIFA World Cup transportation at the MTA Rail Control Center in New York, on Thursday, June 4, 2026. (Adam Gray/Bloomberg via Getty Images / Getty Images)

The proposal calls for the commissioner of small business services or the leader of a different agency designated by the mayor to create at least five grocery stores per borough “in consultation or partnership to the extent feasible with a contracted entity,” according to the measure.

A press release pertaining to the mayor’s effort earlier this year noted, “The city-owned grocery initiative is designed to lower costs on everyday staples by using public ownership to eliminate costs that are currently passed on to consumers.”

MAMDANI TOUTS MASSIVE TAXPAYER-FUNDED INVESTMENT FOR TRANS HEALTHCARE: ‘FIRST STEP’

New York City Councilmember Jennifer Gutiérrez. (Theodore Parisienne/New York Daily News/Tribune News Service via Getty Images / Getty Images)

“The initiative aims to deliver affordable, high-quality groceries that provide meaningful savings to New Yorkers and strengthen neighborhood food access citywide. Mayor Mamdani has allocated $70 million in capital funds for the development of the five sites,” the release noted.

“Under the model, the City will own the land and cover overhead costs like rent and construction. A private operator, selected through a request for proposals, will manage daily operations and be contractually required to pass savings directly to customers on a core basket of everyday staples,” the release explained.

HEDGE FUND BILLIONAIRE EXPANDS MIAMI DEVELOPMENT PLANS AFTER MAMDANI FEUD

The sun sets across midtown Manhattan, the Empire State Building, and the Statue of Liberty in New York City on April 26, 2026, as seen from Bayonne, N.J.  (Gary Hershorn/Getty Images / Getty Images)

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Mamdani, a self-described democratic socialist, took office this year after winning the New York City mayoral election last year while running as a Democrat.

The traditional American pastime of gathering at a local sports bar to watch Sunday football is being strangled by a technical and financial bottleneck, one restaurateur is warning.

“It’s why we’re speaking up, because the simple matter is that it is hard to watch all of the streaming things… Is it on YouTube TV? Is it the [NFL] Sunday Ticket? Is it Amazon?” Texas restaurateur and Tailgators Pub & Grill founder Jim Hallers said on “Varney & Co.” Friday.

“For the last 30 years, it’s come to us through DirecTV, and it’s just worked,” he continued. “And so we like a centralized approach, but we just need technology that works, and streaming is still very immature.”

Testifying before Congress on Wednesday, Hallers explained to lawmakers that the sports media landscape’s sudden fragmentation into separate streaming apps is creating an expensive tech maze for hospitality venues, threatening the business model of – often-rural – neighborhood pubs that rely on NFL fans to keep their doors open in the fall.

TOM BRADY LAUNCHES GOOD NUT COCONUT WATER LINE WITH GOPUFF IN MARKET EXPECTED TO REACH $11B BY 2030

“Everybody has to move to streaming. And so, literally, now, we have to buy streaming boxes. And in a typical smaller bar where I have maybe 30 or 40 TVs with a DIRECTV box mounted behind every television, I now have to get an EverPass streaming box. But you can’t put an EverPass streaming box behind every TV. It doesn’t work like that,” Hallers said on Capitol Hill. “Just imagine at home, if you tried to stream, you know, 30 Netflix’s at once, your internet’s just going to die. Well, it’s the same way for most bars and restaurants today.”

Fans watch Super Bowl LX at Saloon in Boston on February 8, 2026.  (Getty Images)

“One commercial video switch with enough inputs and outputs can cost in excess of $15,000. A full upgrade including equipment, wiring and the labor, will cost $30,000 to $40,000 per restaurant,” he also testified. “So instead of simplifying the business, the transition is adding another layer of cost and complexity.”

Wednesday’s congressional hearing stemmed from the Iowa Restaurant Association and the Wisconsin Restaurant Association, which each represent thousands of independent restaurant and bar owners, sending letters to high-powered GOP lawmakers in their states urging them to act on “a significant shift in the commercial distribution of NFL Sunday Ticket that threatens to impose immediate and substantial burdens on small businesses” across their states.

The concern comes after streaming service EverPass Media announced it would become the exclusive commercial option for NFL Sunday Ticket starting with the 2026 season. The Iowa letter was sent to Senate Judiciary Committee Chairman Chuck Grassley, while the Wisconsin edition went to Rep. Scott Fitzgerald, who chairs the House Judiciary Subcommittee on Antitrust.

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“We understand that transitioning to a streaming-based solution for NFL Sunday Ticket may require planning, from connectivity and hardware to overall venue readiness. That’s why our team is committed to helping customers make the transition with confidence and be fully prepared before kickoff. Our goal is simple: make sure your venue is ready well before the first Sunday of the season, so you can focus on what matters most: delivering a great experience for every guest who walks through the door,” EverPass’ website reads.

“We really need it to work,” Hallers pleaded on Friday. “It’s not a matter of price. We just want technology that works, and that’s what they’ve been taking away from us.”

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Fox News’ Brian Flood contributed to this report.