Shortly after ringing the New York Stock Exchange opening bell Thursday, Donald Trump shared his ideas on the inventory market, crypto, AI and extra throughout an impromptu interview with CNBC host Jim Cramer.
“I feel you are going to see some excellent days forward,” Trump advised Cramer.
Trump’s look on the NYSE coincided together with his being named Time Person of the Year Thursday for the second time — the primary being in 2016.
Regarding his first steps as president in 2025, Trump stated, “We should conclude a few unhealthy wars,” seemingly referring to the conflicts between Ukraine and Russia, in addition to Israel and Hamas.
Trump On Crypto: President-elect Trump additionally addressed the potential for a Bitcoin BTC/USD strategic reserve. “We’re going to do one thing nice with crypto,” he added.
Trump emphasised that the U.S. have to be a “chief” in cryptocurrency and synthetic intelligence.
A portion of his commentary was additionally on the U.S. partaking Chinese President Xi Jinping.
“I feel we’ll do very properly throughout,” he stated.
Did You Know?
What’s Next: Trump stated the U.S. has been abused as a rustic each economically and militarily, with out citing specifics.
“We simply cannot let that occur,” Trump stated.
Thursday’s bell ringing ceremony noticed many enterprise leaders and introduced picks for Trump’s cupboard in attendance. Cramer identified that Tesla CEO Elon Musk was not there.
Trump did not share a purpose why Musk wasn’t current. Instead, he praised the billionaire for being a “nice man,” citing how his inventory has executed properly for the reason that 2024 election.
The president-elect stated he needs everybody to do properly, together with Musk and different billionaires like Mark Zuckerberg and Jeff Bezos.
Trump stated Zuckerberg has already “been over to see me” and shared that he’s assembly with Bezos subsequent week.
“We need them to do properly,” Trump stated.
Cramer echoed former President Ronald Reagan who famously stated it was time to place the bear into hibernation and let the bull run when he appeared on the NYSE in 1985. Reagan referred to a bull market the place shares go increased versus a bear market the place shares go decrease.
“Sounds excellent,” Trump responded to the analogy. “I can not do any higher than that.”
Price Action:
The SPDR S&P 500 ETF Trust SPY, which tracks the S&P 500, trades at $606.12 Thursday versus a 52-week buying and selling vary of $464.12 to $609.07. The ETF is up 28.2% year-to-date.
Trump Media & Technology Group DJT shares are up 2% to $36.86 on Thursday. The media firm was co-founded by Trump and owns the Truth Social platform the place Trump actively posts.
Bitcoin trades at $101,413.83 Thursday, up 1% over the past 24 hours. The main cryptocurrency just lately surpassed the $100,000 degree — certainly one of a number of all-time highs since Trump gained the 2024 election.
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Image: Courtesy of the New York Stock Exchange
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