Trump lands 50 billion investment & 50,000 jobs deal

Where'd they get 50,000 jobs from? $50 billion for 50,000 jobs? Guess "50" seemed like a good place to start.

 

AMD & UAE owned hedge fund "Mubadala" have something like 8 Billions in investment and 8k employees mainly in the US

 

But wait. That's a fund, not a bank. The bank is not owned by Saudi Arabia, nor by a private hedge fund (unless you meant Saudi Arabia is like a private hedge fund? that's a funny thought) as you stated.

It's ok if you were wrong, just stop acting like you knew what you were talking about.

 

your local time in Saudi Arabia is around 5:00 am, instead of spewing non sense,get some aid ,you might figure out what's you're into later on ياعبيط لووول

 

Are you counting AMD's employees? Mubadala is a UAE joint investment company that primarily deals in semiconductor research located in the UAE.

 

Time will tell with Trump if this is more smoke and mirrors or lives up near its bold claim.

 

Do you even read the entire news articles or do you just stop after reading Trump's tweet and take everything he says at face value?

1) This is part of the $100 billion dollar investment fund joint venture between Softbank & the Saudi government. This was originally announced in October before the election.
2) Even at the time of announcement in October, people already knew the majority of this fund will go to US start-ups for obvious reasons.
3) Softbank is only contributing 25% of this fund, with up to 45% coming from the Saudi government. I'm confused now,, I thought under Trump's new government Islamic nations are now our enemies.....

This sounds just like Trump's deal with Ford "deal" in which he managed to "save" jobs that was safe & staying put in Kentucky to begin with.

 

Quick facts about T-Mobile

Number of Employees

Approximately 50,000 employees.

Market Cap, 45.72B

 

So then this "deal" is much about nothing.

 

It's amazing how 2 people can see the same thing so differently. Same happens in sports on supposed "bad" calls or whatever.

 

It doesn't primarily deal in semiconductor research. It's a state owned investment vehicle dedicated to Abu Dhabi and it also has investments in health, education, real estate, infrastructure. It's actually one of the biggest investment vehicles in the world by assets.

ATIC, which is owned by Mubadala, is the subsidiary primarily involved in semiconductor r&d.

 

I'm going to keep reminding people that yet again you just barfed some words onto the board which you received as a rumor and then proceeded to screw up by acting like you know the difference between a bank and a fund. I taught you what those things mean and let you understand what's happening. I know that bothers you and your immediate reaction is silly childish comedy, but it's better to just say "I didn't know".

Short version: Baba Bank coming empty, no more free money to "study" in America and come back not knowing how to type in English.

 

Basically pointless. It's a way to get money in to the US economy which won't trickle down, it will not create a proportionate/anticipated amount of jobs, and it will allow special tax breaks for the investment. The benefits will not outweigh those things.

 

The typical envy of Panhandler mentality dictated your thoughts.simply what's you're saying : this money will not have Khamini's blessings so it's going no where

 

The Foxconn thing is interesting. I can imagine Apple/Foxconn/Trump symbolically "moving" the iPhone assembly "back to the US" in which Foxconn setup a highly automated plant with very few jobs added responsible only for a symbolic final assembly of knock down kits send from Foxconn's Shenzhen plant.
Due to the tight clustering of component supplier & the quick R&D turnaround such tight clustering provides, the collaborative R&D work done with Apple on the design work & the R&D optimization of the design of efficient mass production will obviously still stay at Shenzhen.
It's probable Foxconn's Shenzhen plant will still end up doing most of the assembly work and ship practically already fully assembled knock down kits to the new US plant ( it can be something as stupid as sending almost fully assembled iPhones with the back plate not yet attached & the US plant is responsible for only attaching the back plate & laser printing on the back using robots).

Trump get his high profile symbolic win.
Apple/Foxconn get some juicy tax subsidies even though the job creation is minimal at best.
Apple ending the negative PR from Trump & gain massive positive PR with Trump supporters.

 

I feel like companies left and right are going to play the Trump administration. They create nonsense PR opportunities for Trump in exchange for tax breaks and favorable regulatory treatment. Cronyism at its best. And this is the guy who was supposed to "drain the swamp."

Also didn't Republicans say that they don't want a government that picks winners and losers? This doesn't seem to jive with that vision.

 

Neither the media nor the the U.S. public is prepared or equipped for the level of propaganda and out-right lying coming from and continuing to come from Donald Trump.

 

That makes no sense. Those jobs were already all lost to robots.
Obama said so.
Clutchfans has spoken.

The robots just happen to be in China, because...well, because.

 

Apple has been experimenting with moving manufacturing to the US for years. Even had manufacturing of the R2-Unit in the US. I think that deal was via Flextronics and featured a line in Austin.


https://www.cnet.com/news/apple-to-build-made-in-the-usa-manufacturing-plant-in-arizona/
http://www.forbes.com/sites/timwors...on-apple-they-already-manufacture-in-america/

Anyway, as Apple and other companies move some manufacturing to the US, Trump is sure to beat his chest and claim victory.

The media will need to be vigilant in investigating and then reporting instead of just parroting Trump's claims....

 

Ironically what Trump is doing would be considered socialism - where the gov't is now taking a more heavily involved role in corporations and has the ability to decide their fate.