SOTS 2nd Hour: President-Elect Trump visits the New York Stock Exchange; Nasdaq 20K 12/12/24

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Jim Cramer (1:00)

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Carl Quintanilla (1:02)

Market Moving Insight and Analysis joined Jim Cramer, David Faber and me, Carl Quintanilla on the Opening Bell Hour of CNBC Squawk on the Street. Are we going to check in with Bob Passani? Bob, what do you got on the floor?

Bob Pisani (1:15)

Well, the important thing, of course, everybody very excited to meet the President-elect. He walked around on the floor right behind us, shook hands with a number of the market makers and the traders here on the floor, Carl. I think the important thing is other presidents have been here before, President George W. Bush was here in January 2007 on the floor. I was here for that and before him, President Ronald Reagan came in 1985 President Reagan was the first sitting president to be at the New York Stock Exchange. I did have a chance to ask the President-elect about his tariff proposals. It's been quite a stir in Canada overnight about this. The Premier of Ontario has suggested that he may cut off energy supplies to the United States if the President-elect fully implements the tariffs that he's proposed on Canada, which are 25 percent. President-elect said to me that he hoped that it would not come to that. I'm paraphrasing him right now, but implied somehow that negotiations were ongoing. The President didn't walk right past me here and went right over to one of the senior traders on the floor of the New York Stock Exchange. Let me bring in Peter Giacchi, who is the senior floor trader for Citadel Securities. Pete, you got elected here. The President came right over to you. What did the President say to you?

Peter Giacchi (2:26)

So he told me how excited he was for him to be here. He told me that the country should look forward to big things and that he's excited about the four years ahead of him.

Bob Pisani (2:35)

Now, you, of course, are a big promoter on the floor. I know you had a Citadel Securities jacket up. What did you do with that? Did you present it to the President?

Peter Giacchi (2:45)

I did. So I told him as one of the greatest capitalists this country has ever seen, how could he not visit the New York Stock Exchange without having a Citadel Securities trader jacket?

Bob Pisani (2:53)

And of course, so many people were coming up to him discussing his plans for the economy, saying go, go, go. How do you think most people on the floor feel about the President's economic plan? The stock market's at a new high, of course, right now. And I know he has said he believes it's going to keep going that direction. But people on the floor here, I know they were coming up talking about what the market's going to do in 2025

Peter Giacchi (3:15)

Yeah, I mean, the New York Stock Exchange and the people that work down here are clearly President-elect Trump's audience. And he was excited to chat with them about the economy. He had the same message to a lot of different people that it's going to be an exciting four years ahead of us.

Bob Pisani (3:27)

Citadel Securities, of course, one of the largest market makers in the world, biggest designated market maker here on the floor. Your thoughts for 2025, now that we have you here. The IPO is a big IPO today on the NASDAQ, state of the markets right now very quickly.