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Viewsroom

Viewsroom: High anxiety hits SoftBank’s vision

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 10 January 2019

⏱️ 24 minutes

🧾️ Download transcript

Summary

Rising rates, lower oil prices, wobbly markets and the backlash against Saudi Arabia could put Masa Son’s $97 bln fund on the spot this year. Elsewhere, some Indian tech startups may take the world by storm. Plus, Breakingviews picks three indicators to monitor the world economy. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hi, just leave on work now. Sorry, it's a bit loud.

0:03.3

Um, basically, so I was thinking we could get Macies tonight. Had a big Mac on my mind all day, and delivery fee on the app is now from 99P. So you win? Of course you are. Love you. Bye! Exclusively on the McDonald's app. 18 plus, service fee and small order fee may apply. Participating restaurants. Serving times and teas and seas apply. The views expressed on this podcast are those of the participants.

0:24.4

Not. Service fee and small order fee may apply. Participating restaurants. Serving times and teas and seas apply. The views expressed on this podcast are those of the participants, not of Roiders News.

0:29.9

From Roiders' Breaking Views, I'm Anthony Curry.

0:32.6

And I'm Jennifer Saber.

0:33.8

And you're listening to The Views Room.

0:35.8

So it's time for our final edition of what's in store for

0:38.5

2019. Our colleagues around the world are helping us pluck relevant themes from our annual

0:44.2

predictions book entitled High Anxiety. Later in the show, we'll be handing over to folks in Hong

0:49.1

Kong for a discussion about which Indian startups are poised to succeed overseas. We'll round off the show by quizzing two of our team,

0:56.5

how they chose just three indicators to assess the health of the global economy.

1:01.0

And to begin, though, we passed the mic to London

1:03.0

to chat about perhaps the most famous and increasingly infamous investment fund.

1:07.6

We have Liam Proud and George Hay, joining, Swaha Patinaik, to discuss all things

1:14.5

softbank and vision fund. Welcome. Liam, let me start with you. Your prediction was that

1:21.0

SoftBank, which has something like nearly 100 billion, at its disposal. Running into some problems this year,

1:29.6

your prediction is coming true even faster than you expected. So do you want to just talk us

1:33.5

through what you thought the problems were going to be and maybe then we could turn to what

1:37.3

the problems that are emerging very early on the new year? So, I mean, the Vision Fund is this,

1:41.8

as I said, it's about $97 billion of committed capital.

1:46.1

And it's managed by SoftBank.

1:50.3

And this is controlled by Masayoshi Son, who is Japan's richest man.

...

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