Squawk on the Street Markets and Fed Decision Week, SoftBank CEO to Meet With Trump and Announce $100B U.S. Investment 12/16/24
Dec 16, 2024
A major week looms for the markets with the Federal Reserve's interest rate decision on the horizon. SoftBank’s CEO plans to announce a $100 billion investment in the U.S., potentially reshaping tech landscapes. Meanwhile, Tesla sees a stock surge, largely influenced by Elon Musk's political ties. Honeywell evaluates its aerospace sector amid activist pressures. Goldman Sachs remains optimistic about the S&P 500. The podcast also delves into the complexities of wealth concentration and emerging market opportunities influenced by AI and electric vehicle innovations.
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Business Outlook Under Trump
- Businesses anticipate a more favorable environment under the incoming Trump administration.
- They expect to pursue deals and operate with less regulatory pressure than under the Biden administration.
CEOs Rebuffed by Biden
- Jim Cramer spoke with several CEOs who felt ignored by the Biden administration.
- These CEOs, some of whom are Democrats, were surprised by their difficulty in communicating with the president.
SoftBank's US Investment
- SoftBank CEO Masayoshi Son will announce a $100 billion U.S. investment.
- The investment aims to create 100,000 jobs, focusing on AI infrastructure.