Written by Helen Koster, Steve Holland and Laura Matthews
(Reuters) – Donald Trump will ring the New York Stock Exchange's opening bell on Thursday, the same day he is expected to be named Time magazine's “Person of the Year,” according to two people familiar with the selections and plans.
A Time magazine spokesman declined to comment on the selection.
The Republican president-elect built his fortune as a real estate investor in New York before turning to politics. During his first term as president, he measured his success in part by the strength of the stock market, which has so far welcomed his re-election.
The ringing of the bell signifies the beginning or closing of the trading day on the world's largest stock exchange, and is considered an honour. Historically, this law was reserved for corporate executives celebrating an initial public offering or other major corporate milestones, but celebrities and politicians like Ronald Reagan, Nelson Mandela, and Arnold Schwarzenegger have also done it.
Politico first reported news of Trump's selection and plans.
Time magazine has named Trump “Person of the Year” once before, in 2016. It named Democratic President Joe Biden and Vice President Kamala Harris “Person of the Year” in 2020, after they defeated Trump. Pop star Taylor Swift won the title last year.
