It will be interesting to see which faux-Americans, among the gallery of the usual & even not-so-usual suspects, will find 50,000 new American jobs an omen & perhaps even a  sign of troubling behavior (from a president not even sworn in yet)

This Man really means "Business" & that's what America's all about, we taught the world about business and now Trump's conducting an extreme refresher course.....Plus, don't you just love watching Obama squirm as Trump delivers?

~ Refocus Notes

The Wall Street Journal

By RYAN KNUTSON in New York and ALEXANDER MARTIN in Tokyo

Masayoshi Son, the brash billionaire who controls Sprint Corp., said Tuesday he would invest $50 billion in the U.S. and create 50,000 new jobs, following a 45-minute private meeting with President-elect Donald Trump.

The telecom mogul, who made his fortune in Japan with SoftBank Group Corp., announced his investment plans in the lobby of Trump Tower, though he didn’t provide details. Mr. Trump took credit for the investment, saying his November victory spurred SoftBank’s decision.

Mr. Son told reporters he planned to “invest into the new startup companies in the United States.” It would be difficult to create 50,000 jobs entirely by investing in startups, which generally employ few workers. Sprint employs about 30,000 people and has cut jobs to combat losses.

In an interview, Mr. Son said the money will be coming from a $100 billion investment fund that he began setting up earlier this year with Saudi Arabia’s sovereign wealth fund and other potential partners.

Mr. Son’s plan to pour $50 billion is massive compared with the total amount of capital in venture circles. Venture-capital firms had $163 billion available to invest in new deals as of June 2016, according to research firm Preqin.

In addition to startups, Mr. Son also has his sights on acquisitions as large as $30 billion, a person familiar with his thinking said.

In addition to Kansas-based Sprint, which SoftBank acquired in 2013 for $22 billion, the company also led a $1 billion investment round last year in San Francisco-based online lender Social Finance Inc.

When he acquired Sprint, Mr. Son’s initial plan was to merge the carrier with German-owned T-Mobile US Inc. to take on market leaders AT&T Inc. and Verizon Communications Inc., but he abandoned the effort after regulators signaled they would reject the plan. Some investors and analysts have said he could make another attempt after Mr. Trump’s election and when a new chairman is appointed to the Federal Communications Commission.

Mr. Son planned to tell Mr. Trump about what happened with T-Mobile, and how he had wanted to invest in the U.S. but the regulatory climate was too harsh so he invested outside the U.S. instead, the person familiar with the matter said....

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