3 hours ago
3
Donald Trump (File photo: AP)
Donald Trump, the president-elect and a prominent figure in American business and politics, is set to ring the opening bell at the New York Stock Exchange (NYSE) on Thursday, marking a significant moment in his career. This ceremonial act will not only symbolize the start of trading for the day but also coincide with his recognition as Time Magazine's Person of the Year for 2024.
According to sources familiar with his plans, Trump will be at Wall Street to celebrate both his election victory and this prestigious acknowledgment from Time Magazine, which has previously honored him in 2016 following his first presidential election win.
Time named Democratic President Joe Biden and Vice President Kamala Harris "Person of the Year" in 2020, after they defeated Trump. Pop star Taylor Swift received the title last year.
Meanwhile, Trump's appearance at the NYSE is particularly notable as it will be his first time participating in this iconic tradition, a powerful emblem of US capitalism. The event is expected to draw considerable media attention, showcasing Trump's enduring connection to New York City, where he built his brand as a successful businessman and reality television star.
The ringing of the bell at the NYSE has a storied history, dating back to the 1800s, and has been performed by various notable figures, including past presidents and celebrities. Trump’s participation is seen as a strategic move to reinforce his image as a business-savvy leader who understands the economy—a key theme of his political narrative. His tenure has often been characterized by economic discussions, particularly regarding stock market performance and corporate regulations.
In recent weeks, following Trump's election victory on November 5, US stock markets have experienced significant gains. The S&P 500 surged by 2.5%, while the Dow Jones Industrial Average rose by over 1,500 points, reflecting investor optimism about Trump's economic policies that include tax cuts and deregulation.
While in New York for this event, it remains uncertain whether Trump will meet with New York's mayor, Eric Adams, who has faced legal challenges but has shown a willingness to engage with Trump politically. The NYSE regularly invites public figures to participate in its opening and closing ceremonies, further emphasizing the intersection of business and culture in these events.
