December 12th 2024.
President-elect Donald Trump had a busy day in New York as he rang the opening bell at the New York Stock Exchange and received the title of Time magazine's Person of the Year for the second time. This is a remarkable achievement for Trump, who has gone from being a controversial figure to a decisive winner in the recent presidential election.
Before ringing the bell at 9:30 am, a first-time experience for him, Trump took the stage and expressed his gratitude for the honor. He jokingly said that he likes it better this time around, as he holds the prestigious title for the second time. Accompanied by his wife, daughters, and Vice President-elect JD Vance, Trump was greeted with chants of "USA" as he rang the bell and raised his fist in celebration.
During his speech, Trump mentioned some of the key members of his upcoming administration, including Treasury pick Scott Bessent. He also highlighted his plans for the country, such as issuing expedited permits for projects worth over $1 billion. Trump expressed confidence in the future and acknowledged the challenges that lay ahead.
Time's editor in chief, Sam Jacobs, announced on NBC's "Today" show that Trump was chosen as the Person of the Year, citing his significant influence on the news in 2024. Jacobs mentioned that Trump's comeback and his impact on American politics were undeniable, making him the most influential figure in the news. He also stated that this year's decision was easier compared to previous years.
In his interview with Time, Trump reflected on his final campaign and the factors that led to his victory. He called it "72 Days of Fury" and believed that he struck a nerve with the American people who were angry and looking for change.
Trump's visit to Wall Street was marked by the unveiling of his Time magazine cover projected on the stock exchange's wall, surrounded by American flags. As his walk-on song "God Bless the USA" played, Trump took the stage, joined by family members and members of his incoming administration.
This is not the first time Trump has appeared on the cover of Time, and he has always had a fascination with it. In his interview with the magazine earlier this year, he spoke about his plans for the country and his opponent, Vice President Kamala Harris. Time's owner, Marc Benioff, criticized Harris for not granting an interview, stating that the magazine believes in transparency and publishes the full interviews.
In his latest interview with Time, Trump discussed his plans for mass deportations and the use of the military to assist with the effort. He also shared his thoughts on the ongoing conflict in Gaza and his relationship with Israeli Prime Minister Benjamin Netanyahu. Trump also addressed his approach to loyalty within his administration and his plans to reduce corporate taxes and regulations.
As a former real estate developer and star of "The Apprentice," Trump has always been vocal about his plans to revive the economy and support the middle class. However, his policies have received mixed reactions from the business community, with some applauding his promises while others express concern about his proposed tariffs and targeting of companies.
Despite these concerns, the stock market has historically risen regardless of which party holds the White House. However, with Republican control, there may be significant shifts in the winning and losing industries, and investors are keeping a close eye on the impact of Trump's policies.
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