Life at The Top novel Chapter 1667

“Today, JW Foundation officially announces that it will downgrade the credit ratings of 130 core index stocks in the United States Dow Jones Index. It is recommended that investors sell and do not consider buying for a short period unless there is a major change in the company.”

“On the other hand, JW Foundation is optimistic about the stocks of high-tech companies in the United States and suggests that they can be held for a long time.”

“Now, we will have a Q&A session. Reporters who have questions or need to ask questions can raise their hands. I will select a few at random to answer.”

Although professionals had already told Jake and Baz about the entire process before the press conference began, Jake and Baz were still nervous because this was their first time holding such a major press conference while the densely packed reporters below were almost all blond and blue eyed foreigners.

At the same time, they felt slightly proud inside.

After all, not just any Somerland company could hold a press conference which foreign media would flock to. The current JW was really strong. Yet, all of this was due to the man who was not present today.

After Jake said that, a group of reporters raised their hands enthusiastically.

During this kind of occasion, there would be some insiders arranged for by the organizer. Their job was to ask some peaceful and easy to answer questions.

Jake kept the characteristics of the insiders that the staff told him before in his mind. Then, he pointed to a female reporter wearing a red sweater and said, “You, please ask your questions.”

When the other reporters saw this, they sat back in disappointment. The insider was calm on the inside, but she had a surprised look on her face. She took the microphone and asked, “Mr. Cullen, Mr. Willis, the question I want to ask is, does JW Foundation have any future action plans for the United States stock market?”

Jake glanced at Baz and motioned to Baz to handle this easy to answer question set up by the insiders.

Baz understood what Jake meant. So, he smiled and said, “This is our trade secret. Therefore, of course, it is not convenient for us to disclose the details.”

“However, what I want to say is that JW Foundation will never target a certain stock market or even the financial market of a certain country. JW Foundation is a profit oriented hedge fund. We have only ever had one goal, that is, to make money for customers using their money.”

At this moment, a reporter from a Western country suddenly stood up and asked loudly, “I just received the news that JW Foundation launched a hostile takeover of ExxonMobil Petroleum. Is this also one of your plans?”

As soon as this question was asked, there was an uproar at the scene.

Then, the reporters caused chaos.

Everyone was asking this question while the reporter who asked the question loudly at the beginning resisted the pull of the security guard with all his might. He was staring at Baz who was completely stunned as he stood on the stage, waiting for him to answer.

Seeing that the situation was about to get out of control, Jake immediately picked up the microphone and said, “Everyone, stay calm. If the scene continues to be chaotic, I have no choice but to end this press conference early. If that’s the case, I won’t be able to answer what you want to ask me.”