Squawk on the Street History on Wall Street: An Interview with President-Elect Donald Trump at the NYSE 12/12/24
Dec 12, 2024
President-elect Donald Trump shares ambitious economic plans and a vision for his second term, emphasizing substantial tax cuts and deregulation. Billionaire investor Bill Ackman offers insight into how these policies could impact the economy and market sentiment. They discuss the balance between business incentives and global challenges, shedding light on the role of leadership in navigating these complexities. The conversation also touches on the notable moment of Trump ringing the opening bell at the NYSE, symbolizing the intersection of politics and capital markets.
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Presidential NYSE Visits
- President Reagan was the first sitting president to ring the NYSE opening bell.
- Both Truman and Bill Clinton visited the NYSE after leaving office.
Trump and the Stock Market
- Trump links his performance ratings to the stock market, especially the Dow.
- He's the first president-elect to visit the NYSE trading floor.
Market Performance and Presidential Ratings
- Trump's visit is significant due to his focus on the stock market's performance.
- President Biden's market performance has also been strong.