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COMING UP:Share Opener Variant 2

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Transcript

00:00:01
>> Donald Trump, Tuesday, scoring another corporate victory in his quest to make good on a pledge to bring jobs back to America. But this deal doesn't involve an easily recognizable American name.>> This is Masa of SoftBank from Japan. And he has just agreed to invest $50 billion in the United States and 50 thousand jobs.
00:00:24
>> Why would a Japanese business man want to invest in the US?>> Because he would do a lot of deregulation. I said, this is great.>> Not only is Masayoshi Son a player in Silicon Valley through his company SoftBank, he also owns a majority stake in Sprint And it's that holding that's driving this investment, explains Reuters telecom reporter, Malathi Nayak.
00:00:47
>> In 2014 if you recall, Sprint tried to merge with T-Mobile to form a larger wireless player in the industry. But US regulators were not on board and the deal was abandoned. But it's believed that now under a pro-business Republican administration, the new FCC might have a lighter touch when it comes to regulation.
00:01:07
>> And this time, not stand in the way of letting the country's number four wireless service provider, Sprint, buy number three, T-Mobile. Investors quickly caught merger fever speculating that Masa Son is going to try again under Trump, sending shares of Sprint surging to a two and half year high.
00:01:24
And T-Mobile stock was up, too. The SoftBank announcement marks the softer side of the President-elect, who has used Twitter to threaten CEOs who don't get on board with his job saving program with a 35% tariff. And comes less than a week after Trump and his team convinced Carrier not to ship 1,100 factory jobs to Mexico.
00:01:43
Carrier's parent company United Technologies says nothing was received in exchange. But the State of Indiana, home of Trump's VP, Mike Pence, did kick in $7 million in state tax breaks.