Squawk on the Street
SOTS 2nd Hour: President-Elect Trump visits the New York Stock Exchange; Nasdaq 20K 12/12/24
Dec 12, 2024
In a historic visit to the New York Stock Exchange, President-elect Trump shares his economic optimism and discusses tax incentives and international relations, particularly with China. Lynn Martin, NYSE President, reveals the significance of this rare appearance amidst the excitement in trading. Professor Jeremy Siegel analyzes market reactions to Trump's proposed growth plans and potential impacts on tech stocks. The discussion also touches on the rising sentiment among CEOs, anticipated IPOs, and the wealth dynamics influenced by tech titans like Elon Musk.
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Quick takeaways
- President-elect Trump's historic visit to the New York Stock Exchange underscored the importance of capital markets to the U.S. economy.
- Market optimism surrounding Trump's administration was reflected in CEOs' confidence about potential deregulation and economic growth opportunities.
Deep dives
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Mint Mobile has introduced a significant price reduction for its unlimited plan, dropping the cost from $30 to just $15 per month as a response to rising inflation. This decision marks a strategic attempt to attract new customers by offering affordable wireless service. The promotion highlights the importance of competitive pricing in the telecom sector, especially during challenging economic times. Such price adjustments reflect an industry's need to remain appealing to cost-conscious consumers.
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