President-elect Donald Trump The opening bell rang at the New York Stock Exchange on Thursday economic prosperity Cheering crowds of traders and business leader.
“We are with you every step of the way,” the incoming Republican president said at the New York Stock Exchange building in lower Manhattan. invite Become the “after” of TIMEPerson of the Year“This is the second time.
Trump is flanked by the vice president-elect JD Vancethe incoming first lady Melania TrumpNew York Stock Exchange President Lynn Martin and Trump’s two children, ivanka When the bell rang, there was Tiffany.
The crowd watching from the floor included Goldman SachsDavid Solomon, CitigroupJane Fraser, VerizonHans Vestberg, Brian Cornell Target and pershing squareof Bill Ackerman.
Trump’s entourage also includes his pick for health secretary, Robert Kennedy Jr.his Treasury pick, Scott Bessanthis choice for Interior Secretary Doug Burgum and his choice for Commerce Secretary, Howard Lutnick.
At one point, chants of “USA!” rang out in the room.
In a brief speech beforehand, Trump promised that his incoming administration would usher in “an unprecedented economy.”
“We’re going to provide tremendous incentives that no other country has,” Trump told wealthy people, including “significant” tax cuts.
Trump reiterates his stimulus plan US oil drillingpromising that doing so would lower inflation and lower grocery prices.
This contrasts with what he told Time magazine when asked whether his government would fail if grocery bills remained high.
“I don’t think so. Look, they got them up. I want to knock them down. Once they’re up it’s hard to knock them down,” Trump told the magazine.
He also reiterated his vow to cut the corporate tax rate (which had been reduced to 21% during his first term) to 15%, but only for companies that choose to manufacture in the United States.
“If you don’t make it here, you pay 21 percent. If you do, we’ll try to get it up to 15 percent, but you have to make your product, make your product in the United States,” Trump told CNBC. Jim Cramer After the bell.
Trump also attributed his election to the president Joe Biden Trump praised the recent stock market rally and noted that he would return to the White House and forge closer ties with some of the richest and most influential people in the United States.
“(Yuan CEO) Mark Zuckerberg came to see me and I can tell you, (Tesla and SpaceX CEO Elon (Musk) is another and (Amazon founder) Jeff Bezos Next week is coming up and I want to get ideas from them,” Trump told Cramer.
Trump chooses to replace hedge fund tycoon Bessant Janet Yellen As Treasury secretary, he told Cramer that the next administration would benefit Wall Street and Main Street.
“I think we’re going to see that under President Trump, Wall Street can win, Main Street can win, just like we did in Trump 1.0. Everybody can do well,” Bessant said. explain.
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— CNBC’s Alex Harring and Yun Li contributed to this report.
