softbank's ceo masayoshi son in a meeting that lasted 45 minutes. >> this is masa of softbank from japan. he's just agreed to invest $50 billion in the united states and 50,000 jobs. he's one of the great men of industry. so i just want to thank you. >> thank you. >> the two men had never met before, and the meeting was arranged through a mutual friend. softbank's son came out of the meeting saying it was a great success and revealed that the incoming president talked about promoting deregulation. son said he believed the trump administration would take action to accelerate economic growth and that he is ready to invest aggressively in the u.s. again. details of the planned investment remain unclear but it will come through a fund that softbank will establish jointly with saudi arabia's sovereign wealth fund. softbank is best known as a mobile carrier in japan but has been investing heavily in tech companies overseas including the purchase of sprint in the u.s. three years ago. the plan was to merge it with t mobile and hoping to take on larger rivals, but u.s. regulators refused to auth

and because softbank does have relations with china, this is important for them. so you have a continuing stream of investments, got to go somewhere, and they're starting to divert away from china for various reasons, some are going to india, bangladesh and vietnam, we're starting to see the stream of money coming into the u.s. because of the optimism. the dow, 11 straight records. trish: it's up again right now, up 22 points as you can see. >> this is something that's got to worry china, they have a fragile economy and they're dependent on us. trish: what you're telling me, the pie is only to a certain extent so big, if we're going to continue to get more of it, it's going to come or they may see this coming at their expense? >> certainly, we're not in one of the robust global environments. global gdp will increase 1%, maybe 1.5%. trade is going to be very, very low if there's an increase and very well if we're heading into a delinqing of economies. so right now, china, their economy delinked from the global economy. this year down about 7.5%. trish: what does it

trump announced a deal with softbank, the ceo there, they will have softbank invest $50 billion here in the u.s. sprint shares are popping on that news. we will have more on that story that could create as many as 50,000 jobs here in the u.s. >>> financials are up again today. bb&t up nearly 20%. the ceo will join us with his thoughts on the incoming administration. >> and then after the bell trump friend and adviser billionaire tom barrack will tell us how president-elect donald trump is handling u.s. businesses. his view coming up. >> so much happening on that front. >> let's go to president-elect's call to cancer order for air force one. phil lebeau has the latest. >> before the opening bell there was a tweet from president-elect saying cost was out of control for the new air force one. he says cancel the order and followed up with comments in the lobby of trump tower. here is what he had to say. >> the plane is totally out of control. it's going to be over $4 billion for air force one program. and i think it is ridiculous. i think boeing is doing a little bit of a number. we want

softbank owns 80% of sprint. invested a billion dollars in one web. earlier this month trump and softbank agreed to invest 50 million in the u.s. and 50,000 jobs. those 5,000 jobs are part of the 50,000. sprint said it is excited to work with the president-elect. the founder of one web, that other company, will be on "squawk box" at 7:40 a.m. sprint doesn't have any of its own overseas jobs. but i guess it works through employers and outsources when it comes to some customer service jobs. so it will bring those to the u.s. and sort of adding u.s. positions in its own stores. it's expanding. it's been a great stock. the ceo has been doing a good job in terms of fighting debt. that was always going to be a big problem for sprint. winning back subscribers in a tough competitive telecom industry. >> this is initially 8,000 of the 50,000 jobs that they promised. interesting to see donald trump yet again claiming credit for this. to switch focus to what he claimed credit for yesterday, the market moves and data coming through, there will be blips, no matter

softbank owns a lank stake in sprint. that stock up almost 33% over the last month. >>> a senate committee holding a hearing on the $85 billion merger between time warner and at&t. time warner is the parent company of cnn. also making an appearance, billionaire tech entrepreneur mark cuban. he's going to be testifying on capitol hill. he's been a vocal supporter of the merger. >>> a new survey finds american ceos are happy with the business environment donald trump is creating. a survey of executives by the business round table finds 67% expect sales to increase over the next six months. that's up from last quarter. 35% expected to hire more workers during the first half of next year. that's a significant rise. but business leaders are still hesitant about spending money. the percentage expected to increase capital spending is dropping. this year heavy equipment maker caterpillar says an increase there will follow economic growth. you know, a lot of the spending from businesses resonates from confidence. we're starting to

now that investment fund is a joint venture if you like between softbank, softbank vision fund and the saudi investors. softbank is putting in $25 billion into this fund. other investors we don't know who at this stage will make up the rest. so the money is still coming in. it has not yet gone in. so there has been no physical investments but it's had the fund to invest in tech startsups. if you'd think if they're looking around the world one of the best operations they would be looking at is the united states in given that the silicon valley is in the united states. so there's that. the or thing that people are saying this is a four-year time frame, alison, to create 50,000 jobs to investing in tech companies. if they're startups, as you know, startups don't employ a lot of manpower so getting that $50 billion is a pretty aggressive target. certainly, it's a boost for donald trump just telling he's putting $50 billion into your economy when he's saying we need to get jobs, get places moving again. >> obviously creating jobs, bringing jobs to the u.s. was a huge issue for trump on the

blake buhrmann interviewed the ceo, here is what the ceo of softbank said about jobs in u.s. potentially coming. >> is this something you approached him with. >> i have approached. i have discussed with him, we agreed. he said, he would bring a lot of excitement into the united states i said okay, i will make a commitment. >> this is something you would not have done unless donald trump were next president of united states. >> right, definitely. >> thank you. liz: the point here about this, was that softbank ceo says, and he told mead cr media obama administration blocked his efforts to create jobs, he was not happy with that, whatture your thoughts about what the softbank ceo is saying. >> i think he it clear, he would not be doing this if it was not for donald trump, i tell you with media questioning everything that donald trump is doing, to me he is coming in as job creator and chief, -- if this was president obama wouldn't they call that racism. that is not the case. that is not the case. >> hang on. >> not happen. liz: hang -- >> you say -- hang on, don't talk over each

"trump touts new sprint jobs he already touted as softbank jobs." that's not the end. the deal was part of a previously announced vision fund a-100 billion vehicle for investing in technology companies worldwide. that $100 billion global fund -- okay -- was announced on october 13. otherwise known as more than three weeks before the election. now the question is would softbank have pledged half of that $100 billion fund to the u.s. even if donald trump had not been elected president? "washington post" did a deep fact check into thedubious clai softbank's investments into the u.s. basically said we may never know. based on past trends it's possible the same amount would have come to the u.s. regardless of who is elected the president of softbank said trump would "do a lot of deregulation." yesterday trump claimed brand new credit for something he already claimed credit for, a deal for which he may or may not deserve partial credit. if that makes sense. >>> joining me now, bob garfield, co-host of wmic on the media, his latest comments are online. bob, part of what happe

this is masa of softbank of japan. he just agreed to invest $50 billion in the united states and 50,000 jobs. and he is one of the great men of industry. so i just want to thank you very much. >> thank you. reporter: now, after that, liz, i was able to speak with mr. san, i asked him how were those 50,000 jobs come about? is it direct hiring, how so? he said they will try to put 50 billion dollars in startup, creating 50,000 jobs. he painted picture of incoming trump administration the reason for this investment. he told me because of deregulation, he feels there will be energized sense of the economy as he put it to me, that is why they're making this investment. i point-blank asked him, i said, are you doing this because mr. trump is the incoming president of the united states? and he said to me yes, that is indeed the case. of course outstanding in all of this, can they create those 50,000 jobs? one thing i would note and leave you with, liz, the thank you tour, that mr. trump is calling. he is about to depart on th

donald sight to see with hisund the -- arms around the softbank a ceo. you have to remember both of these guys are opportunistic and keenly aware of the optics of something like this. in a sense, it is not a surprise. the ceo had already announced this fund and he needed a place to invest and the u.s. was going to be part of that. the election of donald trump and the fact that the ceo has interest in the u.s. that though beyond just -- go beyond just investing in the fund take this a perfect kind of opportunity for him to fly over to new york, sit down with donald trump and to a photo op. tweeted,nald trump "softbank has agreed to invest $50 billion in the u.s. and create 50,000- jobs. he says he never would have done this if we had not won the election. what do you think this means for a potential sprint and t-mobile merger? is he buying his way to that? reed: a cynic would say for sure. obviously a merger is something he is wanted for a very long time. donald trumpmoment took the lead on november 8, this popped into his mind, i have got to get to the s

to business, president-elect announcing a deal with ceo of softbank, moments ago. >> softbank from japan, and highe agreed to invest $50 billion in u.s., and 50,000 jobs, he is one of the great men of industry, i just' to thank him. >> thank you very much. charles: that took place -- >> that took place after president-elect took on u.s. deficien defense contractor boeing for the cost overrun. >> out of control. it will be over 4 billion, air force one program. and i think that is ridiculous, i think thabo -- boeing is doing a little bit of a number be we' booing to make a lot of money but not that much. >> possible trump cabinet member, former senator john brownie is joining us here. good to have you here. >> thank you. >> for saving jobs talk about creating them, 50 billion dollars this deal. how big is this. can softbank, where is this money going? where are the jobs going to be? any idea. >> first of all. congratulations, i'm not surprised, having a business leader, someone who created jobs in white house sends a new message, i remember dealing with obama administration, you couldn't

softbank is an investor. t mobile is worth checking. that stock gain on the back of the meeting perhaps thinking is that a potential deal between the two could be looked at once again and perhaps more favorably this time around. >> then you have to focus on boeing. boeing was the company that was in focus about air force one. boeing shares one down earlier today. they are mildly higher right now. the market shrugging off the trump commentary. >> let's look at the main market. the number is looking very good. another day, another record for the dow if it continues at this pace as you see it is up about 20 points at 19,237. s&p 500 up about a quarter point and nasdaq up about one half of one percent as the president-elect makes stock investing great again. >> whatever your political persuasion it has been fantastic for the market. >>> "closing bell" begins not right now but in like four seconds. >> hang around. worth the wait. >>> we want boeing to make a lot of money but not that much money. thank you. >> pres

he's the head of telecom and internet firm softbank. let's find out what they talked about from ai who joins us from the business desk. how did the meeting go? >> well, from the expression on their faces, it looks like it was a successful meeting. it lasted just about 45 minutes. and not surprisingly, they discussed business. son met trump at his home in new york and promised to invest in the united states. >> ladies and gentlemen, this is massa of softbank from japan, and he's just agreed to invest $50 billion in the united states and 50,000 jobs. and he's one of the great men of industry, so i just want to thank him very. >> thank you, thank you, thank you very much. >> softbank group will invest over the next four years. trump has said he wants to protect american jobs, and that increasing employment is one of his policy priorities. some believe the meeting with son was a way for trump to show that he is already moving forward with his pledge. >> i believe that the u.s. will become positive again for the growth. that there will be mu

giant are said to be in talks with the creator japanese telecom firm softbank group. "the wall street journal" reported that apple could contribute up to $1 billion. the investment would focus on artificial intelligence and the internet of things. that's the technology that links every day objects through the internet. softbank said in october it was setting up the fund with the partnership of saudi arabia. the chairman and ceo of softbank visited u.s. president-elect donald trump last week. he promised to invest $50 billion in the u.s. the money will come from the tech fund. he had ties to late apple founder steve jobs. softbank was the first telecom firm in japan to carry apple's iphones. >>> china has released economic data for retail sales and industrial output in november. the national bureau of statistics says retail sales were up $11% from a year earlie. analysts attribute the result to strong sales of electrical home appliances and cosmetics. both are popular in online discount sales. there was also a rush on small cars. many people are buying them before tax

the dubious claims about softbank's investments in the u.s. basically said we may never know because there's so many factors including the fact based on past trends it's entirely possible the same amount would have come to the u.s. regardless of who was elected and also acknowledged the president of softbank saying trump would "do a lot of deregulation that could favor investors including himself. trump claimed brand new credit for something he'd already claimed credit for, a deal for which he may or may not deserve partial credit if that makes any sense. joining me, bob garfield, co-host of "on the media, editor at large at "media post." bob, part of what happened, president-elect claims a thing, says something publicly. generally when someone in that position says something that utterances itself as news, goes unrebutted, unexamined for a long enough period of time, hangs in the ether and you find out later it's maybe not true. >> well, you know, the norms have changed a bit. i'm sure you're observed this. and get used to this conversation b

you may have seen the congratulations stateside yesterday as softbank, the japanese technology firm, pledged to make america great again getting on board and pledging $50 billion to invest in u.s. businesses. softbank also owns sprint saw the market is speculating about a fresh tie-up with t-mobile after talks by companies were killed from regulators. from business to regularration it seems as many people are picking their poison and it is legal weed, not beer. some researchers have found that people are choosing marijuana over beer in particular state where marijuana has been legalized in recent years. there's been a significant underperformance in beer markets. meantime, netflix says when we binge on some of their series we take a break for two or three days before switching off to another season. we tend to skwik in a quick movie between the series. >> guilty as charges on that netflix binge watching. >> me too. >> thank you, karen, so much. >>> just ahead, what aaa says is just as dangerous as drunk driving. i have to say a lot of us are guilty of it. >>> plus, the woman who beca

bond,s a $150 billion tentatively called the softbank vision fund. they have been trying to rally up investors to get to the total to $100 billion. they are close to tying up that number. he said in october he planned on being the biggest investor in technology over the next decade. to be aas been known prolific investor in technology and technology company so far. he invested in yahoo!, alibaba, sleeper cell, [indiscernible] angie: thank you so much for that update from trump. trumpent-elect donald taking terry branstad as china's newest ambassador to the u.s. -- from the u.s. rather. this is a longtime friend chinese president xi jinping. back in 1985, hosting china's leader there. u.s. futures, we have a ja kong.is 1:00 p.m. in hong 1% from thealf of previous quarter as government spending rose. treasurer scott morrison said growth could not be taken for granted. outflows from china are starting to raise funding costs for banks and companies. the equivalent of almost $26 billion was taken out of china in november. it was the 13th straight month of

. >> ladies and gentlemen, this is masa of softbank from japan. he is just agreed to invest 50 billiondollars in the united states and 50,000 jobs. is is one of the great men of industry. so i just want to thank you very much. >> thank you. connell: blake burman has done fine reporting on this story. he picks it up for us at trump tower this afternoon. kind of interesting, hey, blake? >> yeah, a bunch of surprises really, connell. this meeting between masi and president-elect was not on schedule. all of sudden came tweets from the president-elect the deal was reached, $50 billion, the promise of 50,000 jobs or attempt to get there from the softbank ceo. those two appeared together at trump tower lobby to make that announcement. afterwards i spoke with softbank ceo, he told me that because they believe there will be a bunch of deregulation and energy to the economy as he put it, that was part of the reason they decided to make this investment. and i just straight up asked him, is it because of the incoming president that you have decided to do this

he stood with a japanese businessman he referred to as masa from softbank saying softbank would, in fact, invest $50 billion into the u.s. economy toward businesses and 50,000 new jobs so an interesting announcement that we have to discern the details on and figure out what this deal might entail but donald trump has been visible and vocal today. of course donald trump campaigned on putting america first, spurring jobs, spurring the economy as well as putting innovation first. a few days ago he announced carrier would be saving a thousand jobs, today talking about the deal with the japanese bank. a lot more we need to figure out here, donald trump giving us very little in the lobby of trump tower but, yes, saying the japanese bank agreeing to invest $50 billion into the american economy and create 50,000 new jobs, ana? >> sounds like good news on the surface. christina, this seemed to be an off-the-cuff moment. did you see this coming? >> no one saw this coming. he's obviously taking meetings with a bunch of people, having conversations with companies and ceos but one of the things to ke

take a listen. >> it was wonderful getting softbank support. essentially we are using the money for the balance sheet. one of the things we learned is the need to have a balance sheet, to generate from periods of market dislocation. we benefited from having that capital in 2016. >> is that why you're raising more money? >> in part because we are looking for additional partners. one of the biggest challenges we have is the balance sheet, in terms of where we price -- place production. in 2017, $16 million to $20 million in loans, and that's a lot of paper we have to place, so having deep relationships is a catalyst for the round. >> we're talking about how you started off with student loans, but moved into mortgages, life insurance. what other products will you bring online? >> today we are heavy on the credit side, mortgages, student loan refinancing. we started looking at the wealth management, but in 2017, one of the biggest solutions will be the deposit account and the credit card, allowing us to deliver a full service of solutions to our me

the $50 billion is coming from his son, the softbank ceo. tosays this is going to go startups and companies, which is in linwith all his other radius investments. money, sources are saying, is going to come from this tech investment and that he is trying to raise money for, and they are trying to raise $100 billion. now, sources also say that this money is not intended for m&a deals. that includes deals like t-mobile. [indiscernible] rosalind: you could, but apparently it is not for buying other companies, it is for investing in new companies. this meeting with the president-elect does put him on a positive footing with donald trump. tweeted, he would not do this if we had never won the election. he said after the meeting he would like to celebrate trump's presidency, because he will offer deregulation. word,lation is the key because when you think back to sprint,n his son fought they were considering buying t-mobile, and regulators bolted 's numberof the u.s. three and four biggest mobile carriers being brought together, so that was dropped

softbank already owns the american telecom company sprint. sprint has wanted to take over a rival carrier t-mobile. nobody thought the obama administration would let them do the takeover, so they dropped that bid. the new trump administration to be much friendlier to that idea of sprint taking over t-mobile. and now we have this, the powerpoint slide and the scribbles on it. sprint's stock shot right up after that meeting. so we really don't know what this is all about. but the word you're probably looking for is ka-ching. joining us now is a reporter for "the wall street journal" who has known softbank's ceo for several years. he was able to interview him on the street today after he left trump tower. thanks for being here. >> thanks for having me. >> what do we know about this investment? we read the powerpoint slide off his screen. >> it's funny to see him come to the united states where nobody knows where he is. >> isn't he like the second richest man in japan? >> i think he's the richest man in japan. he's very outspoken and is known for

raised $1.2says it billion from softbank. sofi is on the hunt for new funds. they are looking to raise to bolster their place in the lending industry. they company is one of the fastest-growing online lenders they have spread into new products, like mortgages and personal loans. joining us is the cofounder, mike. knowre a man and you investments from softbank. the money toutting work, at the moment? mike: it was wonderful working with softbank and we are using the money for the balance sheet. a thing we learned about lending was a need to have a balance sheet and we have benefited from having the capital and we continue to expand, as we are profitable. >> is that why you are raising more money? >> we are looking for additional partners to help, from a loan-buying standpoint. in 2017, we will have $20 billion of loans and that is a lot of favor we have to place. we have deep-pocketed relationships with investors and that is a catalyst. caroline: we talked about how you started in student loans and now you are in mortgages. what other products are online? have m

and i like trump economic, a much better environment for business, softbank has been doing that deal between sprint and t-mobile for a long time. a rollback and regulation helps the business. martha: it is truly fascinating

softbank's money will mainly go to building the factory. the project is estimated to create about 3,000 jobs over the next four years. son has told trump he plans to invest a total of $50 billion and create 50,000 jobs in the u.s. >>> a foreign ministry official in tokyo says japanese and eu negotiators are arranging to continue talks on an economic partnership agreement in january. the comment came after the officials left the table without a broad agreement. the official was speaking at an agriculture meeting of ruling liberal democratic legislators. the official reported on the outcome of the latest round of talks that japan and the eu held last week. the official said they're close to reaching a broad agreement but still have some issues to resolve. the remarks suggest the negotiators failed to bridge their differences on automotive and farm tariffs. the eu's chief negotiator told reporters the talks will need to continue for several weeks. the ldp lawmakers plan to ask the government to estimate the possible effects any lifting or remo

. >> this is masa of softbank from japan and he's just agreed to invest $50 billion in the united states and 50,000 jobs. >> reporter: while there were few details of the agreement, he

. ♪ caroline: softbank chief executive bashing of these -- softbank's chief executive is making good on a promise to the united states that the bank will invest in a broadband access company as part of a pledge to donald trump. the investment is expected to create almost 3000 jobs in the united states in the next four years. the startup says it raised $1.2 billion from softbank. marketplace lender sofi is on the hunt for new funds. there'll aiming to raise about $500 billion to bolster their place in the lending industry. they company is one of the fastest-growing online lenders and offer low rates for students. they have spread into new products like mortgages and personal loans. is cofounder mike cagney. raised $1 billion from 2015. how are you putting that money to work coming from a softbank entrepreneur? essentially we are using the money for the balance sheet. one thing we learned was the need to have a balance sheet and we have benefited from having the capital on balance sheet. caroline: is that what you are raising more money? mike: we are looking for additional partners fro

trump tweeted masa, softbank in japan is willing to invest. masa said he would never do this if we had not won the election. as the stunning number. >> what we're going to see. donald trump as we all know by now is unconventional. this is going to be an unconventional presidency with an unconventional president. he's the only one in -- of the 45 presidents 44 people. grover cleveland twice. that has a business background. all the others were politicians to some degree. or generals. this is the first person to go directly from the private sector without any stops in politics before that. so you are going to see a lot of this kind of thing as we go through here. and his businessman's mind working. now sure is he going to use it to political advantage? yes. but it is going to help him without doubt. >> so here is my question about this. when i saw the $50 billion. i said i don't get it. and i still don't get it. because there is a a lot of questions here. not all of it's been raised. the part that has been raised, comes from saudi arabia. which h

softbank is a parent company. its closest rival t-mobile has long been mentioned as a possible merger partner for spring. joining me now to discuss more on softbank in the u.s. is isaac stone. what do you make of this, $50 billion is a lot of money. >> i personally do not like it. i do not like it because it is not a deal about the economy. it is not about softbank. it is about trump. emily: what do you mean by that? >> you saw what the ceo said. the two things that stood out to me was the use of the phrase "this is going to make america great again, and his comment that he likes trump very much, and the idea that foreign investors and leaders and domestic people as well need to praise trump and say they like trump to get things done is not a healthy direction for america to go in. anly: we are dealing with accidental fire drill in the san francisco studio. that is what you hear in the background, but everyone is ok. isaac: good to know. thank you. emily: some reporters said this money will go to companies and sta

and on this softbank are we being bamboozled. is it real money? will it be spent some how many jobs will be created? we may not know the answer to that for another six months to a year. but it is our job to actually remember that today softbank and yesterday they announced this. did it actually happen? >> also, they didn't really announce it. the details came from trump. we have cycles that are much more compressed. the carrier deal certainly a win. any families that get takeep their jobs around the holidays is a win. you have to celebrate that unless it's a misdirection play. you have the head of the carrier come out and say it's not 1,100 jobs. what you said to companies like carrier all across this country is that you would pay them to stay, even if they're still sweating more jobs than they're going to keep. >> the whole idea of tax incentives to keep jobs in a particular state worries me because that's a race to the bottom. creates a competition in which states are going to be competing for more and more tax breaks. listen, also an argument t

these three others, softbank. thet of this comes down to meeting between its founder and donald trump. it is taken from a previous pool of money softbank essentially said side. it loads well for the company. bodes well forly the company. shares opened higher. watch for these bank stocks. there was a report out of the nikkei newspaper, both were discussing a capital tie up. right before the markets opened, they had a joint statement saying they are not the source of the report, although they are talking about perhaps a merger. chances are, given sort of i fors experience, watch out any announcement that may come later today. a look at australia, there we go. tpg telecom, this comes down to earnings. it is a company that makes car parts. diy kind of guy and you want to soup up your car, they distribute some of the parts. them ingles on markets. we are going to get a preview. prime minister- modi's bill is putting pressure on an economy losing steam. it is down to the cash crunch. kathleen: the cash crunch convinces

softbank boss for the scheme. mr. trump: we have a combination of sprint, 5000 jobs, coming from all over the world. also, 3000 jobs, a new company. terrific guy. i really appreciate it. yvonne: the president of japan's willst advertising agency quit, taking responsibility for the suicide of an 42 work excessive hours. -- of an employee to excessive work hours. exxon mobil has made a new natural gas fight in papua new guinea. they found gas in the north highlands. although besides the deposit has not been determined. the deal has been put on hold ahead of a shareholder vote. check of theck currency markets. the dollar rose to its highest level of the week. we are seeing a little bit of consolidation in the dollar. 116.87. the euro a little bit of upside. and qe, rebounding from seven-month lows. kiwi, rebounding from seven-month lows. let's talk more about this. joining us from singapore is our guest, live from singapore. good to have you. king dollar.ut we have seen it reached a new high. let's show the were is how m

trump announced, softbank plans to invest 50-billion dollars in u.s. businesses, and create 50-thousand jobs. amid growing criticism... the trump transition says it has cut ties with the son of incoming national security adviser michael flynn. after sunday's shooting at comet ping pong, michael flynn junior sent a tweet embracing the discredited conspiracy theory trafficking. the presidential transition requested a security clearance for the younger flynn who was serving as his father's chief of staff. new this morning.. we're hearing from the owner of comet ping pong. the northwest d.c. pizzeria reopened yesterday after sunday's incident in which a gunman fired an assault rifle inside the restaurant. edgar welch drove from his home in north carolina.. apparently to investigate an online conspiracy theory known as "pizzagate." he thought hillary clinton was running a child sex pong. when the restaurant reopened yesterday, there was a long line of customers. welch allegedly fired three shots sunday, before he surrendered. he has a detention hearing tomo

. >> ladies and gentlemen, this is a softbank billion in the united states and 50,000 jobs. he's one of the great men of industry, so i just want to thank you. >> well that announcement, trump sold all his stock holdings back in june. according to "new york times," his portfolio was worth at least $22 million. on thursday the president-elect will stop by ohio state yufrt to visit victims of last week's attack. army versus navy football team while beginning his thank you tour throughout the week. >>> obama forcefully defended his terror strategy deployed over the past eight years. >> no foreign terror organization has successfully planned and executed an attack on our homeland. [ applause ] try. plots have been disrupted. terrorists have been taken off the battlefield. and all of this progress is due to the service of millions of americans like you. >> the president also had a warning to donald trump against backtracking on the amount of progress made during his time in office. >> we should take great pride in the progress we've made over the last eight years. we need the wis

the w, if your softbank stmore than 300 years, ( laughter )octor. an applauding. it's not worth appg.lain it's not. >> jon: hey, hey! >> stephen: and his other plans include breakingown d language barriers and allowing people to communicate telepathically. you know you're rich when you propose a 300-year plan to create a telepathic bank a people go, "great idea, chief!" laught ) still, telepathic communication? mr. son, let me tell you what i inhat idea. ( laughter ) darn it! cheeseburger. i should have eaten beforehe show. on i'll get you one day, thought burger. oh, this isciting! trump staffer and angry pencil that since the election, we've become me fr. merry christmas, because donald trump is now theesidprt. you can sagain. it's not a pejorative word anymore! >> stephen: yep! you can say it again! i'm sod thatonald p finally put an end to appythe "h dayslinonsenhat's been forced on us by people lik t.donald but what we're free, now from all of us here at the "late ow," m. m... sorry, i'm out of practice after living underht yeas of obama's sharia l. give me a

the two of them hatched a deal for son's company, softbank, to invest $50 million in the u.s. aiming to create 50,000 jobs. and we were only able to find out about the details of this plan because the media zoomed in on what appears to be a printed out powerpoint slide that was circled and signed. signing a powerpoint, of course, one of the tactics outlined in trump's book, "the clip-art of the deal." this is-- this is strange, how we're learning things. it's weird to learn this way. it is a strange way to announce a deal, it's not nearly as strange as masayoshi himself, who, among other things, says he has a 300-year plan for softbank. by the way, if your softbank lasts more than 300 years, consult your doctor. ( laughter ) and his other-- n applauding. it's not worth applauding. it's not. >> jon: hey, hey! >> stephen: and his other plans include breaking down language barriers and allowing people to communicate telepathically. you know you're rich when you propose a 300-year plan to create a telepathic bank and people go, "great idea, chief!" ( laughter ) keep emthem coming.

common theme here, softbank's masa son spoke with trump this month, softbank owns majority stake in sprint and also investor in oneweb, here's donald trump at mar-a-lago last night. >> i was just called by the head people at sprint, and they're going to be bringing 5,000 jobs back to the united states. they're taking them from other countries, they're bringing them back to the united states. and masa and some other people were very much involved in that, so i want to thank them. and also oneweb, a new company, is going to be hiring 3,000 people. so that's very exciting. >> and that company's founder, greg weilor was on "squawk box" this morning discussing the types of jobs he's looking to fill. >> these will be very high-tech, highly skilled manufacturing engineering jobs. so really right at the cusp of highly skilled manufacturing and engineering. >> and where will they be based? >> really all across america. we have a very broad supplier base, so in florida, a lot of jobs in florida, a lot of jobs in arizona, maryland, virginia and of course california and many of the different states ar

son, and softbank conl sprints. it seems like that might be what he's going after, merging it with t-mobile. charles: there could be ulterior motives. here is the thing witho with so. he's a horatio alger story. he comes to america. he seize how businesses are developed. he goes back to japan and creates a silicon valley-like business there and it's going gang busters. for him to say i wants to put $50 billion in this country. >> i have been hesitant to make comparisons of this particular president-elect to president reagan. but there is a familiarity with the way businesses are speaking when president reagan was elected. all of a sudden they were willing to begin investing again. they felt like there was a climate that would be friendly to end prize. i think there is a lot of work to do. a lot of undoing that needs to be done in terms of those animal spirits and business investment. both from foreign investment and also domestically. we have to see domestic businesses reinvesting in cap x. to the extents has shelby

softbank has the potential size of $100 billion. >> i believe that the u.s. will become positive again for the growth. there will be much more job students, business students. it will be much more deregulated and it will, the people will be energized. >> son has already made large investments in the u.s. his company took over mobile carrier sprint and then tried to buy t-mobile u.s. but gave up. u.s. authorities expressed strong concern about the deal saying it would reduce competition. >>> officials at the major japanese i.t. firm dena said they're letting a third party company look at the contents on its website. following allegations that some of the allegations lack solid basis. the medical and health care web page. the president and ceo has apologized to users of their services for causing trouble. he says dena will fully cooperate with the third-party probe. the panel will look into the cause of problems and whether the websites were properly operated. >>> other major i.t. firms including yahoo! japan and i.t. holdings have come under criticism for accu

softbank rising as much as 7.6%. this is the biggest reading -- three day game we have seen since february. -- for very 18. -- february 18. he wants to create 50,000 jobs and a lot of questions on how he will fun that. there is this investment fund he has created. still trying to gather the funds to validate that figure. investors are shrugging off those doubts. 7.6% up for softbank shares. release its latest trade figures in the next few hours. analysts forecasting a slower decline in exports. tom mackenzie joins us live from beijing. that would be an optimistic sign . how realistic is it? for 4%e forecasts are up or 5% year on year for november exports. compared to what we saw in october which was a drop of 7.3%. that is the context and it comes after the pmi manufacturing numbers. the upside showing expansion in that sector. we have seen export numbers improving and south korea which has been something of a gauge or weathervane of what kind of picture we might see in china. we are looking at how much the yuan play

trump making the announcement along softbank's ceo in new york. happened yesterday. >> ladies and gentlemen, this is masa of softbank from japan. he's just agreed to invest $50 billion in the united states and 50,000 jobs. he's one of the great men of industry. so i just want to thank you. >> thank you. >> almost surreal. you had the softbank guy, sort of sticking his chest out, smiling. i don't know where the boeing guy was. he was slinking around, no, no, i'm not ceo. softbank has a majority stake in sprint which also saw shares rise after the announcement. a dow jones report says the $50 billion will come from a previously announced $100 billion international investment fund set up with saudi arabia. some of the media is saying this was the best news in the works any way. trump will take -- >> this story was announced. >> okay. i read your mind. i almost said main tv would say it was already done. and here you are. >> here i am. softbank and saudi arabia people up for $100 billion tech fund this is back in october. >> i don't know. i saw presid