Trump is reportedly set to ring the bell at the NYSE today. What does it signify?
① According to media reports, the USA's incoming president Trump will go to the NYSE on Thursday to ring the opening bell and deliver a speech; ② There are reports that Trump will be named Time Magazine's Person of the Year for 2024, but this has not yet been confirmed by Time; ③ Since Trump's announcement of victory, the three major US stock indices have risen repeatedly, with the market encouraged by promises of tax cuts and deregulation.
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Signals of deregulation in the Energy industry? Trump: Invest 1 billion in the USA, your company can receive expedited government approval.
Trump posts that the expedited approvals and permits include but are not limited to environmental aspects. Comments suggest that fast tracking may help him achieve his goal of increasing Oil & Gas development and reducing regulations, which is what he referred to as "we need to drill" during the October campaign.
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