Pro-Business Trump, Cutting Cost and Creating Jobs in US
Tuesday, US President Elect Donald Trump said that the big Japanese telecom company SoftBank Corp. will invest $50-B in the United States, creating 50,000 jobs.
“This is Masa of SoftBank from Japan, and he’s agreed to invest $50-B in the United States and 50,000 jobs,” Donald Trump said, standing next to SoftBank CEO Masayoshi Son, 59 anni, at Trump Tower in New York City. “He’s one of the great men of industry, so I just want to thank you very much.”
“I just came to celebrate his Presidential job,” Mr. Son said, “because he will do a lot of deregulation.
“I said, ‘This is great. We will invest $50-B and create 50,000 jobs.”
Founded in Y 1981, SoftBank is Japan’s #3 cellular telephone and company, and Mr. Son, holds investments in several American corporations, including Sprint Corp (NYSE:S). He purchased his Sprint stake in Y 2013.
Mr. Son is seeking to create a $100-B investment fund and is looking to invest some of the USDs in the US
In Y 2014, the anti-business Obama Administration rejected an attempt by Mr. Son to merge Sprint and T-Mobile US Inc., the nation’s No. 3 and # 4 wireless companies.
Donald Trump’s announcement came after saying earlier Tuesday that he was canceling the “ridiculous” order for a new Air Force One charging that “Boeing’s (NYSE:BA)costs are out of control, more than $4-B.”
The federal government’s contract for the 747 jet was to be about $3-B.
Trumpeting for Trump
Latest posts by Paul Ebeling (see all)
- The Street’s Key Stock Analysts Research Reports - June 26, 2019
- Asia: Gold, USD, Crude Oil, Stocks & Commodities - June 26, 2019
- President Trump,”I Do Not Need Exit Strategies if War With Iran” - June 25, 2019