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 taking bold moves for when he wants to get something accomplished.
does it mean that most of the dollars coming our way is actually from saudi arabia? and what do they want in return for this investment? here s another wrinkle. 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.
ladies and gentlemen, this is massa of softbach of japan and he s just agreed to invest $50 billion in the united states and 50,000 jobs. wow. he s one of the great men of industry. i just wanted to thank you. thank you. thank you very much. and if you d like to speak to him, you can, but one of the truly great men. thank you. thank you. you may want to say hello. i ll see you soon. that was it. then he was gone. and to figure out exactly what had just been announced, the press and the american people were reduced to performing cryptographical analysis on this powerpoint slide that they held up and showed to the cameras. for real. as far as we can tell, they sealed the deal, such as it is,
one in-person meeting with a foreign leader. in that case we weren t looking at a powerpoint slide in someone s hand, we were looking at released images because they wouldn t let reporters in to take their own pictures. they had handout photos curated by the transition team and the japanese government. that s all we had to go by to determine what happened in that meeting, what happened in that room. that s how we learn that the president-elect had invited a top executive from his company to sit in on that meeting with the japanese prime minister. he invited his daughter, who works at his company, to sit in on that meeting. now we learn from the new york times that while ivanka trump was sitting in on that meeting with the japanese prime minister, her own ivanka trump clothing company was in the process of closing a big licensing deal with a japanese clothing company whose primary ownership is the development bank of japan which is wholly owned by the japanese government. the deal is
wow. hee o s one of the great men industry. i just wanted to thank you. thank you. thank you very much. and if you d like to speak to him, you can, but one of the truly great men. thank you. thank you. you may want to say hello. i ll see you soon. that was it. then he was gone. and to figure out exactly what had just been announced, the press and the american people were reduced to performing cryptographical analysis on this powerpoint slide that they held up and showed to the cameras. for real. as far as we can tell, they sealed the deal, such as it is, by signing a print-out of a powerpoint slide. this is how we figure out what our incoming administration is doing. and if it s not this exactly trick with the zooming in on the photographed unexplainable scribble, then it s something else, like the president-elect s