President-elect Donald Trump's victory continues. On Thursday, he will be crowned Time magazine's Person of the Year and ring the opening bell of the New York Stock Exchange.
According to the Associated Press, President Trump is scheduled to appear on Wall Street to perform the ceremonial opening of the day's trading. reportThe gesture was first made by fellow Republican President Ronald Reagan in the mid-1980s.
The born-and-raised New Yorker's Stock Exchange appearance and Time Award win were exposed to the press by people not authorized to discuss the matter publicly and spoke to The Associated Press on condition of anonymity.
Breitbart News previously reported on this unique honor.
Trump was named the magazine's “Person of the Year” in 2016, when he first won the White House.
He has already been named as a finalist for this year's award, along with Vice President Kamala Harris, X owner Elon Musk, Israeli Prime Minister Benjamin Netanyahu and Princess of Wales Kate, the Associated Press reports. .
Ringing bells has been a powerful symbol of American capitalism since the 1880s, and despite spending decades as a New York businessman, Trump has never done so.
The first guest appearance was in 1956, when a 10-year-old boy named Leonard Ross won a quiz show by answering questions about the stock market.
President Ronald Reagan performed a signal ceremony in the mid-1980s.
President Reagan adopted the Wall Street terminology of bear markets declining and bull markets rising. said If Congress adopted the tax reforms and budget restraints he wanted, he said at the time, “our economy would be free to expand to its fullest potential and the bears would return to eternal hibernation.”
File/Original Caption/ New York: President Reagan addresses a crowd of traders and runners on the floor of the New York Stock Exchange on March 28, 1985. “We're bullish on the American economy,” he said. This was the first time an American president visited the New York Stock Exchange while in office. (Getty)
“This is our economic plan for the next four years,” President Reagan said. “We're going to let the bulls go.”
Stock exchanges regularly invite celebrities and business leaders to participate in the opening and closing ceremonies of trading. During President Trump's first term, his wife, Melania Trump, rang a bell to promote the Be Best initiative on children's welfare.
Last year, Time magazine CEO Jessica Sibley rang the opening bell and announced the magazine's 2023 Person of the Year: Taylor Swift.
The Associated Press contributed to this article
