ADVERTISEMENT

There's really only one thing Wall Street is listening for in Trump's speech to Congress

Any information on his plan to lower the corporate tax rate to 15% from 35% will stand out.

Donald Trump signing an executive order withdrawing the U.S. from the Trans-Pacific Partnership trade deal

President Donald Trump will address a joint session of Congress on Tuesday night.

ADVERTISEMENT

According to a preview from the White House, Trump will call for unity across party lines, and discuss how he wants to work with Congress to deliver on his promises, among other things.

But any information on his plan to lower the corporate tax rate to 15% from 35% will stand out to Wall Street.

"As an analyst that covers public securities, I think all of us are interested in the corporate tax rate," said Carl Reichardt, a homebuilding analyst at BTIG. "Obviously, if the corporate tax rate is cut substantially, that's going to be impactful to the companies that we cover."

ADVERTISEMENT

Trump may not go into any more details on Tuesday besides a call to Congress for implementation, taking a cue from former presidents.

FOLLOW BUSINESS INSIDER AFRICA

Unblock notifications in browser settings.
ADVERTISEMENT

Recommended articles

Sony’s creators convention redefines the creative landscape for content creators

Sony’s creators convention redefines the creative landscape for content creators

Egypt, Nigeria, and South Africa ranked as Africa's most polluted countries in new report

Egypt, Nigeria, and South Africa ranked as Africa's most polluted countries in new report

10 African countries with the lowest life expectancy according to the World Bank

10 African countries with the lowest life expectancy according to the World Bank

Kenyan women are more obese than their men - here’s why

Kenyan women are more obese than their men - here’s why

Africa’s richest man Dangote stands between Europe and $17 billion in revenue

Africa’s richest man Dangote stands between Europe and $17 billion in revenue

After months of exchanging blows, Kenya and Uganda takes steps towards resolution

After months of exchanging blows, Kenya and Uganda takes steps towards resolution

Africa's first black billionaire could join $2.9 billion Vivendi bid for MultiChoice

Africa's first black billionaire could join $2.9 billion Vivendi bid for MultiChoice

10 most dangerous African countries in 2024

10 most dangerous African countries in 2024

Russia’s nuclear influence expands further north of Africa

Russia’s nuclear influence expands further north of Africa

ADVERTISEMENT