Trump rings opening bell at the NYSE: ‘This is a very exciting time for business’
‘Varney & Co.’ panelist Adam Johnson and host Stuart Varney reacts to President-elect Donald Trump ringing the opening bell at the New York Stock Exchange.
President-elect Donald Trump on Thursday rang the opening bell at the New York Stock Exchange.
The Republican built his fortune as a New York real estate investor before turning to politics. During his first term as president, he measured his success in part by the strength of the stock market, which has so far welcomed his re-election.
The ringing of the bell signifies the start or closing of the trading day at the world’s largest stock exchange, and is considered an honor.
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President-elect Donald Trump rings the opening bell on the trading floor of the New York Stock Exchange on Dec. 12, 2024, in New York City. ( Spencer Platt/Getty Images)
The act has historically been reserved for company executives celebrating an initial public offering or other major corporate milestones, but celebrities and politicians like Ronald Reagan, Nelson Mandela and Arnold Schwarzenegger have also rung it.
Before ringing the opening bell, Trump said that he thinks the U.S. economy will be strong in his second term but warned there are challenges to be dealt with.
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"We had a very strong economy, and we're going to do that again, but I think we're going to even up it because now we have experience we didn't have. Now I know everybody," Trump said at the NYSE.
President-elect Donald Trump rings the opening bell on the trading floor of the New York Stock Exchange on Dec. 12, 2024, in New York City. (Spencer Platt/Getty Images / Getty Images)
"I think we're going to have a tremendous run, we have to straighten out some problems, some big problems in the world," he said. "When we left, we didn't have any of these problems. We didn't have Russia with Ukraine, we didn't have Israel Oct. 7, we didn't have the Afghanistan disaster, we didn't have inflation – we had no inflation."
President-elect Donald Trump rings the opening bell on the trading floor of the New York Stock Exchange on Dec. 12, 2024, in New York City. (Spencer Platt/Getty Images / Getty Images)
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Reuters contributed to this report.
