U.S. President-elect Donald Trump rang the opening bell at the New York Stock Exchange on Thursday, vowing to cheering traders and business leaders to bring about economic prosperity. As the bell struck, Trump was flanked by Vice President-elect J.D. Vance, incoming first lady Melania Trump, New York Stock Exchange President Lynne Martin and his two children Ivanka and Tiffany.
In the audience were Goldman Sachs's David Solomon, Citigroup's Jane Fraser, Verizon's Vestberg, Target's Brian Cornell and Pershing Square's Bill Ackman.
The audience once shouted "USA".
In previous brief remarks, Trump promised that his incoming presidency would deliver an "unprecedented economy."
"We're going to give huge incentives that other countries don't have," Trump told the wealthy crowd, including "significant" tax cuts.
He reiterated his intention to lower the corporate tax rate to 15%, but only for companies that choose to produce in the United States. During his first term, the corporate tax rate was reduced to 21%
"If you don't build a factory here, you pay 21 percent. If you do, we'll try to get it up to 15 percent, but you have to make your product in the United States," Trump said.
Trump also reiterated his plans to increase U.S. oil drilling and promised that doing so would lower inflation.