Trump Tweets Japan’s SoftBank Will Invest $50 Billion In The US, Create 50,000 New Jobs
[Video below of announcement from Donald Trump. ~ TLB ed.]
by Tyler Durden
On Tuesday afternoon, the billionaire founder and CEO of Japan’s Softbank and was seen entering the Trump Tower, to meet with the President-elect. It appears that they had fruitful conversations, because just a few minutes later, Trump – who earlier in the day lambasted Boeing over charging too much for Air Force 1 sending its stock lower – tweeted some words of praise for the Japanese businessman.
At 2:10pm eastern, Trump tweeted “Masa (SoftBank) of Japan has agreed to invest $50 billion in the U.S. toward businesses and 50,000 new jobs…” and in a follow up Tweet added “Masa said he would never do this had we (Trump) not won the election!”
Masa (SoftBank) of Japan has agreed to invest $50 billion in the U.S. toward businesses and 50,000 new jobs….
As Dow Jones adds, $50 billion of the $100 billion investment will come from a joint investment fund Softbank had set up with Saudi Arabia. Son also said that he set up the meeting with Trump and “likes him very much”, however he declined to comment on his interest in T-Mobile.
It was not immediately clear what investments the Japanese investor would make, or what kinds of jobs he would create. However, as an immediate result of the benevolent tweets showing that Trump is favorably inclined toward SoftBank and vice versa, Sprint stock, which SoftBank already owns some 80% of and has been pushing for a merger with T-Mobile, spiked confirming that in the “Trump Normal” the biggest stock market catalyst will no longer be Fed headlines but Trump tweets.
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About the writer Tyler Durden