Japanese tech billionaire and Softbank CEO Masayoshi Son pledged to invest $100 billion and create 100,000 jobs in the US. President-elect Donald Trump described the commitment as a "monumental demonstration of confidence in America's future." Son avoided detailing how he would fund the pledge, raising concerns about its feasibility. The announcement mirrors similar high-profile events during Trump's first term, such as Foxconn's Wisconsin project, which fell far short of its promised impact. Trump has vowed to attract foreign investment by cutting taxes, reducing regulations, and easing takeovers.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Japanese tech billionaire and SoftBank CEO Masayoshi Sohn pledged to invest $100 billion
00:07and create 100,000 jobs in the U.S. President-elect Donald Trump described the commitment as a
00:12monumental demonstration of confidence in America's future.
00:16Sohn avoided detailing how he would fund the pledge, raising concerns about its feasibility.
00:20The announcement mirrors similar high-profile events during Trump's first term, such as
00:25Foxconn's Wisconsin project, which fell far short of its promised impact.
00:29Trump has vowed to attract foreign investment by cutting taxes,
00:32reducing regulations, and easing takeovers.
00:35For all things money, visit Benzinga.com slash GSTV.