Yahoo Finance Live anchors discuss first-quarter earnings for Softbank Group.
Amir Anvarzadeh, senior markets strategist at Asymmetric Advisors, discusses SoftBank Group Corp.'s earnings, what concerns him most about the company and his outlook for the company. SoftBank announced a record $23.4 billion loss on plunging portfolio valuations and foreign currency losses. Anvarzadeh speaks on Bloomberg Television.
(Bloomberg) -- SoftBank Group Corp.’s Masayoshi Son said he plans widespread cost cutting at his Japanese conglomerate and its Vision Fund investment arm after a record $23.4 billion loss on plunging portfolio valuations and foreign currency losses. Shares dropped.Most Read from BloombergFBI Raid Focused on Material Trump Brought From White HouseChina Seizes on Pelosi Visit to Set ‘New Normal’ for TaiwanSan Francisco ‘Froth is Gone’ as Wealth Fades, Housing SlumpsS&P 500 Finishes Lower After Wip