Just one week after President-elect Donald Trump and Carrier’s parent corporation announced a deal to keep more than 1,000 jobs in Indiana, news of another deal to help tens of thousands of Americans is breaking.
The mainstream media and liberal elites will not like who is taking credit.
Business Insider reported Tuesday that “Masayoshi Son, the CEO of Japanese telecom SoftBank, announced Tuesday that his company will be investing $50 billion and brining 50,000 jobs to the US after a meeting with President-elect Donald Trump.” Specific details about the deal are still forthcoming.
The investment reportedly comes from a previously established fund between SoftBank and a Saudi Arabian wealth fund as well as other investors.
Trump briefly appeared before reporters at Trump Tower in New York City briefly as the deal was announced. He claimed that deal and its tens of thousands of jobs would not be possible if he had not won the election. Trump called Masayoshi “one of the great men of industry.”
The markets responded quickly to the news of the new deal.
“Following the news, shares of US-based telecom Sprint spiked up just over 4% as of 2:50 p.m. ET. SoftBank owns 83% of Sprint.” T-Mobile shares also increased as the news may renew interest in a possibly T-Mobile takeover by SoftBank “which had been quashed due to possible regulatory action.”
Trump campaigned heavily on his business experience and promised to bring jobs back to America while keeping existing jobs in the country. With more than a month to go before he is even inaugurated, Trump appears to be keeping his promises.
Watch Trump’s remarks here:
h/t: Business Insider