President-elect Donald Trump rang the opening bell at the New York Stock Exchange on Thursday after pledging a booming economy to cheering traders and business leaders.
As the bell rang, Trump was flanked by Vice President-elect Vance, incoming first lady Melania Trump, New York Stock Exchange President Lynne Martin and his two children, Ivan card and tiffany.
The crowd watching included Goldman Sachs’s David Solomon, Citigroup’s Jane Fraser, Verizon’s Hans Westerberg, Target’s Brian Cornell and Pershing Square’s Bill · Ackerman.
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.
He 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.
Trump told CNBC’s Jim: “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 also reiterated his plan to increase U.S. oil drilling and promised that doing so would lower inflation.
This is breaking news. Please refresh for updates.
— CNBC’s Alex Harring contributed to this report.
About The Author
