President-elect Donald Trump was front and center this morning, ringing the opening bell at the New York Stock Exchange, a gesture symbolizing his commitment to economic growth. Held in the iconic NYSE building in Manhattan, the event drew an audience of traders and business leaders, eager to hear Trump’s vision for a thriving economy.
The crowd cheered as the bell rang.
NOW – Trump rings the NYSE bell after being named Time’s Person of the Year.pic.twitter.com/Y8LD7uFHTE
— Disclose.tv (@disclosetv) December 12, 2024
Trump assured attendees, “We’re with you all the way,” setting an optimistic tone for his administration, noted CNBC.
Accompanied by Vice President-elect JD Vance, incoming First Lady Melania Trump, NYSE President Lynn Martin, and his daughters Ivanka and Tiffany, Trump took center stage with his signature energy. The ceremony also attracted business luminaries, including Goldman Sachs CEO David Solomon, Citigroup’s Jane Fraser, Verizon’s Hans Vestberg, Target’s Brian Cornell, and Bill Ackman of Pershing Square.
Trump’s future cabinet members were also present, including Robert F. Kennedy Jr., nominated for Health Secretary; Scott Bessent, slated for Treasury Secretary; Doug Burgum, the choice for Interior Secretary; and Howard Lutnick, the nominee for Commerce Secretary. The patriotic fervor of the event peaked with chants of “U-S-A” echoing across the trading floor.
Ahead of the bell-ringing, Trump outlined his ambitious economic goals. He vowed to usher in a new era of growth, driven by significant tax cuts and policies aimed at revitalizing domestic manufacturing. A cornerstone of his plan involves reducing the corporate tax rate from 21 percent to 15 percent for companies producing goods within the United States. “If you don’t build here, you pay 21 percent. If you do, we’ll try to get it to 15 percent. But you have to make your product in the USA,” Trump explained during a post-event conversation with CNBC’s Jim Cramer.
“Come on over here Cramer.” 😭
Trump lets Jim Cramer interview him on the floor of the NYSE. pic.twitter.com/TndaBybfkh
— johnny maga (@_johnnymaga) December 12, 2024
Addressing inflation, Trump promised to expand U.S. oil drilling as a strategy to lower consumer costs, including groceries. While acknowledging the difficulty of reversing price hikes, he remained committed to easing financial pressures on American families.
Trump’s interactions with prominent business leaders have intensified since his election, signaling strengthened ties with key industry players. He mentioned ongoing talks with tech moguls like Meta’s Mark Zuckerberg, Tesla’s Elon Musk, and Amazon’s Jeff Bezos to develop strategies for economic expansion.
Trump’s pick for the Treasury, Scott Bessent, shared the administration’s optimism, stating, “Under President Trump, Wall Street and Main Street can both thrive. Everyone has the opportunity to succeed,” CNBC reported.
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