President-elect Donald Trump rang the opening bell at the New York Stock Exchange on Thursday, vowing to achieve economic prosperity to the cheering traders and business leaders.
At the moment the bell rang, Trump was joined by Vice President-elect JD Vance, soon-to-be First Lady Melania, NYSE President Lynn Martin, and his two children Ivanka and Tiffany.
The audience included David Solomon from Goldman Sachs, Jane Fraser from Citigroup, Hans Vestberg from Verizon, Brian Cornell from Target, and Bill Ackman from Pershing Square.
The crowd at one point shouted 'USA.'
In a brief speech earlier, Trump promised that his upcoming presidency would bring 'unprecedented economic growth.'
"We will offer tremendous incentives that other countries do not have," Trump told the wealthy crowd, including 'substantial' tax cuts.
He reiterated a plan to lower the corporate tax rate to 15%, but only for companies that choose to produce in the USA. During his first term, the corporate tax rate had already been reduced to 21%.
If you do not build the factory here, you will have to pay a fee of 21%. If you do this, we will work to raise it to 15%, but you must produce your products in the USA," Trump stated.
Trump also reiterated his plans to increase oil drilling in the USA, promising that this would reduce inflation.