presidential election donald trump The opening bell was rung at the New York Stock Exchange on Thursday after pledging an economic boom to a crowd of traders business leaders,
“We are with you all the way,” the incoming Republican president said at the NYSE building in lower Manhattan. invited After becoming Time Magazine’sperson of the Year“Second time.
The elected Vice President was also present with Trump JD Vanceincoming first lady melania trumpNYSE Chairman Lynn Martin, and Trump’s two children, Ivanka And Tiffany, as soon as the bell rang.
Trump, who will take office on January 20, has talked about his plans to make America as attractive as possible to corporationsHe was greeted warmly and enthusiastically by the large crowd gathered on the floor.
were among the spectators Goldman Sachs‘David Solomon, city groupjane fraser, VerizonHans Westberg, Brian Cornell Target, master cardMichael Maibach and pershing square‘S bill ackman,
At one point, a chant of “USA” echoed through the room.
Trump’s entourage also included his choice for health secretary, robert f kennedy jrhis treasury pick, Scott BesantHis choice for Secretary of the Interior, Doug Burgum, and his choice for Secretary of Commerce, Howard Lutnick, Kelly LoefflerTrump’s choice to lead the Small Business Administration and the wife of NYSE Chairman Jeffrey Sprecher also attended.
In brief remarks beforehand, Trump promised that his incoming administration would “launch an economy like no one has ever seen before.”
“We’re going to provide a massive stimulus that no other country has ever provided,” Trump told the cash-rich crowd. It also includes “very large cuts” in taxes.
Trump reiterated his plan to promote American oil drillingPromising that doing so would reduce inflation and lower grocery prices.
This claim contradicts what he told TIME when asked whether his administration would fail if grocery bills remain high.
“I don’t think so. Look, they got them up. I’d like to bring them down. Once things go up, it’s hard to bring them down,” Trump told the magazine.
He reiterated his pledge to reduce the NYSE corporate tax rate – which had already been reduced from 21% to 15% during his first term in office – to 15%, but only for companies that manufacture in the US. Choose to do.
“If you don’t manufacture here you have to pay 21%. If you do, we’ll try to get it down to 15%, but you have to make your product, make your product in the USA,” Trump told CNBC. I will have to make it.” jim cramer After the bell.
Trump also gave himself credit for being elected President Joe Biden for recent gains in the stock market, and noted that he returns to the White House with strong ties to some of the richest and most influential people in the country.
,meta CEO) Mark Zuckerberg has come to meet me, and I can tell you, (Tesla and CEO of SpaceX Elon Musk) is another and (Amazon founder) jeff bezos Coming next week, and I want to get ideas from him,” Trump told Cramer, who runs the members-only CNBC Investing Club,
Hedge-fund magnate Bessant chosen to replace Trump janet yellen As Treasury Secretary, Cramer was told that the next administration would benefit both Wall Street and Main Street.
“I think we’re going to see under President Trump that Wall Street can win and Main Street can win, just like we did with Trump 1.0. Everybody can do well,” Besant said.
, CNBC’s Alex Haring and Yun Li contributed to this report.
