Donald Trump will ring the recent York stake trade bell as he’s named period’s Person of the Year

recent YORK — recent YORK (AP) — Donald Trump used his image as a successful recent York businessman to become a celebrity, a reality television star and eventually the president. Now he will get to revel in one of the most visible symbols of achievement in the city when he rings the opening bell of the recent York stake trade on Thursday as he’s also named period Magazine’s Person of the Year.

Trump is expected to be on Wall Street to mark the ceremonial commence of the day’s buying and selling, according to four people with knowledge of his plans. He will also be announced Thursday as period’s 2024 Person of the Year, according to a person familiar with the selection. The people who confirmed the stake trade appearance and period award were not authorized to discuss the matter publicly and spoke to The Associated Press on state of anonymity.

It will be a notable instant of twin recognitions for Trump, a born-and-bred recent Yorker who at times has treated the stake trade as a assess of community approval and has long-prized signifiers of his achievement in recent York’s business globe and his appearances on the covers of magazines — especially period.

Trump was named the magazine’s Person of the Year in 2016, when he was first elected to the White House. He had already been listed as a finalist for this year’s award alongside Vice President Kamala Harris, X owner Elon Musk, Israeli Prime Minister Benjamin Netanyahu and Kate, the Princess of Wales.

period declined to confirm the selection ahead of Thursday morning’s announcement.

“period does not comment on its annual selection for Person of the Year prior to publication,” a spokesperson for the magazine said Wednesday.

The ringing of the bell is a powerful symbol of U.S. capitalism — and a excellent recent York photo chance at that. Despite his decades as a recent York businessman, Trump has never done it before.

It was ambiguous whether Trump, a Republican, would meet with recent York’s embattled mayor, Democrat Eric Adams, who has warmed to Trump and has not ruled out changing his political event. Adams has been charged with federal corruption crimes and accused of selling influence to foreign nationals; he has denied wrongdoing.

Trump himself was once a symbol of recent York, but he gave up living packed-period in his namesake Trump Tower in Manhattan and moved to Florida after leaving the White House.

CNN first reported Wednesday Trump’s visit to the stake trade and Politico reported that Trump was expected to be unveiled as period’s Person of the Year.

The stake trade regularly invites celebrities and business leaders to participate in the ceremonial opening and closing of buying and selling. During Trump’s first term, his wife, Melania Trump, rang the bell to promote her “Be Best” initiative on children’s well-being.

Last year, period CEO Jess Sibley rang the opening bell to unveil the magazine’s 2023 Person of the Year: Taylor Swift.

After the Nov. 5 election, the S&P 500 rallied 2.5% for its best day in nearly two years. The Dow Jones Industrial Average surged 1,508 points, or 3.6%, while the Nasdaq composite jumped 3%. All three indexes topped records they had set in recent weeks.

The U.S. stake trade has historically tended to rise regardless of which event wins the White House, with Democrats scoring bigger average gains since 1945. But Republican control could cruel large shifts in the winning and losing industries underneath the surface, and investors are adding to bets built earlier on what the higher tariffs, lower responsibility rates and lighter regulation that Trump favors will cruel.

Trump has long courted the business throng based on his own position as a wealthy real estate developer who gained additional fame as the star of the TV display “The Apprentice” in which competitors tried to impress him with their business skills. He won the election in part by tapping into Americans’ deep anxieties about an economy that seemed unable to meet the needs of the middle class.

The larger business throng has applauded his promises to reduce corporate taxes and cut regulations. But there are also concerns about his stated plans to impose broad tariffs and possibly target companies that he sees as not aligning with his own political interests.

Trump spends the bulk of his period at his Florida home but was in recent York for weeks this spring during his hush money trial there. He was convicted, but his lawyers are pushing for the case to be thrown out in light of his election.

While he spent hours in a Manhattan courthouse every day during his criminal trial, Trump took his presidential campaign to the streets of the heavily Democratic city, holding a rally in the Bronx and popping up at settings for working-class recent Yorkers: a bodega, a construction site and a firehouse.

Trump returned to the city in September to meet with Ukrainian President Volodymyr Zelenskyy at his Manhattan tower.

At the stake trade, the ringing of the bell has been a custom since the 1800s. The first guest to do it was a 10-year-ancient boy named Leonard Ross, in 1956, who won a quiz display answering questions about the stake trade.

Many times, companies listing on the trade would ring the bell at 9:30 a.m. to commemorate their initial offerings as buying and selling began. But the appearances have become an significant marker of population and politics — something that Trump hopes to seize as he’s promised historic levels of market advancement.

The anti-apartheid advocate and South African President Nelson Mandela rang the bell, as has Hollywood star Sylvester Stallone with his castmates from the film “The Expendables.” So, too, have the actors Robert Downey Jr. and Jeremy Renner for an “Avengers” movie and the Olympians Michael Phelps and Natalie Coughlin.

In 1985, Ronald Reagan became the first sitting U.S. president to ring the bell.

“With responsibility reform and apportionment control, our economy will be free to expand to its packed potential, driving the bears back into permanent hibernation,” Reagan said at the period. “We’re going to turn the bull loose.”

The throng of traders on the floor chanted, “Ronnie! Ronnie! Ronnie!”

The Dow Jones Industrial Average climbed in 1985 and 1986, but it suffered a decline in October 1987 in an occurrence known as “Black Monday.”

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Long reported from Washington. Associated Press writer Josh Boak in Washington contributed to this update.