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Incoming White House press secretary Karoline Leavitt will comment on President-elect Trump’s US economy, Mitt Romney’s recent speech and CEOs flocking to Mar-a-Lago.
President-elect Donald Trump and Softbank CEO Masayoshi Son announced on Monday a $100 billion investment in America that aims to create 100,000 new jobs.
Trump, speaking at Mar-a-Lago after meeting with Son there, called the investment “a great show of confidence in America’s future.”
“Masa runs one of the largest companies in Japan and among the most successful financial and technology companies anywhere in the world, one of the most successful investors in the world. And we just finished a very profitable meeting,” said Trump. “And today, I am happy to announce that SoftBank will invest 100 billion dollars in America, creating at least 100,000 jobs in America.
“This historic investment is a great expression of confidence in America’s future. artificial intelligence, The emerging technologies and other industries of tomorrow are built, developed and developed here in the USA,” Trump added.
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US President-elect Donald Trump speaks next to Chairman and CEO of SoftBank Masayoshi Son, at Mar-a-Lago in Palm Beach, Fla., on Monday, Dec. 16. (Reuters/Brian Snyder/Reuters)
Son said he was “very happy” with the money.
“I want to celebrate, the great victory of President Trump, and my confidence in the economy of the United States has increased significantly with his victory,” he added. “So, now I’m happy to give $100 billion and 100,000 jobs to the United States.”
Karoline Leavitt, incoming White House press secretary, said on FOX Business’ “Varney & Company” that the bill “is a huge win for Trump, and it’s another example of Trump’s results.”
“This is President Trump delivering on the promise he made to the American people during his campaign to make the United States of America the world’s leading manufacturing nation,” Leavitt added.
President-elect Donald Trump, left, walks with SoftBank Group Corp founder and CEO Masayoshi Son to speak to reporters in the lobby of Trump Tower in New York City in December 2016. (Jabin Botsford/The Washington Post via Getty Images/Getty Images)
A personal touch with the announcement today at Mar-a-Lago he told The Wall Street Journal that SoftBank plans to complete the investment before Trump leaves office in 2029.
The newspaper reported that SoftBank currently has $30 billion in cash on hand, so it is unclear how the money will be met.
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The company previously launched the SoftBank Vision Fund – a $100 billion fund that was known for its flops. including WeWork office space and the construction-focused startup Katerra, according to the Journal.
Son was quoted as saying in October that he believes computers will have human-like intelligence within the next two to three years.
SoftBank’s Vision Fund invested in WeWork, the office-sharing company that it raised last year. (Photo: Robert Alexander/Getty Images)
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“The gold rush is here. He who runs the fastest will win.” The son says he did at the SoftBank World 2024 conference.
