- former U.S. president discussed economic strategies, workforce development, and market volatility at the NYSE on December 12, 2024.
- Trump’s net worth surged to $6.4 billion after former U.S. president Media’s 50% stock increase.
- During the NYSE event, Trump emphasized tax cuts, deregulation, and U.S. dominance in AI.
President-elect Donald Trump engaged in an insightful conversation with CNBC’s Jim Cramer at the New York Stock Exchange on Thursday, December 12, 2024. The conversation touched on market volatility, economic strategies, and cryptocurrency advancements. Trump acknowledged the possibility of market fluctuations, reflecting his pragmatic approach while emphasizing his administration’s pre-pandemic economic success.
Trump highlighted his rapport with key tech leaders, including Mark Zuckerberg and Elon Musk, and revealed plans to meet Jeff Bezos next week. He discussed his vision for workforce development, aiming for “fantastic jobs, great salaries, and a thriving workforce.” His remarks showcased his focus on economic growth and innovation.
NYSE Event Highlights Trump’s Vision for U.S. Prosperity
Former President Donald Trump marked a significant moment at the New York Stock Exchange (NYSE) by ceremonially ringing the opening bell, drawing cheers of “USA” from the Wall Street crowd. The event symbolized optimism in the financial sector following his election victory and highlighted his ambitious agenda for the nation’s future.
Accompanied by Vice President-elect JD Vance and cabinet nominees, including Treasury pick Scott Bessent and Commerce pick Howard Lutnick, U.S. president outlined his economic priorities. He emphasized tax cuts and deregulation, proposing a 15% corporate tax rate for domestic production.
“We’re still going to cut taxes further,” Trump stated, adding, “You pay 21% if you don’t build here, but 15% if you do.”
Trump also expressed a vision for U.S. leadership in artificial intelligence (AI), stating that doubling current energy production would be essential. He stressed that substantial energy investments are key to securing dominance in AI.
The event also celebrated his designation as Time Magazine’s 2024 Person of the Year, underscoring his political comeback and economic vision. Wall Street leaders, including Goldman Sachs’ David Solomon and Pershing Square’s Bill Ackman, attended the event. Ackman later commented that successful businesses drive stock market growth, which benefits workers and attracts global opportunities.
While Donald refrained from urging immediate stock investments, he maintained a positive long-term market outlook. The bell-ringing ceremony underscored his commitment to revitalizing the economy and positioning the U.S. as a global leader in innovation and prosperity.
“I think long term this is going to be a country like no other. We had the three best years ever until Covid came,” he said after being named Time Magazine’s “Person of the Year.”
Trump’s Net Worth Reaches $6.4 Billion Amid Stock Surge
Shares of Trump Media & Technology Group soared by 50% on NASDAQ debut, following a merger approval with Digital World Acquisition SPAC. Trump’s net worth increased significantly, reaching $6.4 billion. Speculation arose about liquidity challenges, but former U.S. president expressed confidence in meeting financial obligations despite ongoing legal battles.
Jim Cramer urged Trump to request board approval to release additional shares, potentially easing liquidity constraints and funding legal costs. former U.S. president had been blocked from selling shares for six months, could seek a waiver to capitalize on soaring stock prices. Market volatility halted trading, with shares peaking at $78, boosting Trump’s majority stake value to $5.3 billion.
former U.S. president’s optimistic outlook and strategic moves reflect his confidence in revitalizing the economy and navigating legal and financial challenges. His engagement with tech leaders and focus on cutting-edge technologies signal a forward-looking agenda, blending innovation with traditional economic principles.
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