U.S. Markets open in 6 hrs 32 mins

New Panthers owner David Tepper is not a fan of Donald Trump

While NFL owners seemed paralyzed by fear last year over what Donald Trump might tweet about them next, the man buying the Carolina Panthers might enjoy that fight.

Hedge fund manager David Tepper will buy the Panthers on Tuesday, according to reports, for $2.2 billion. While most new NFL owners aren’t all that notable, Tepper is because of his opposition to the president. Trump and the NFL waged a bit of a silly war last season, with Trump grandstanding on the national anthem issue and the owners strangely worried about avoiding any more of his criticism.

[Yahoo Fantasy Football leagues are open: Sign up now for free]

While there are other anti-Trump owners (Philadelphia Eagles owner Jeffrey Lurie probably being the most prominent), the addition of Tepper is interesting because of his past statements on Trump.

‘The father of lies’

In November of 2016, just before the presidential election, Tepper ripped Trump on CNBC. He specifically seemed upset at Trump’s lack of charitable giving, which he had bragged about.

“During Sandy, the big Sandy benefit, the big 9/11 benefit, not one dime. Not one dime! You can’t tell me this is a charitable, generous person,” Tepper said on CNBC, which wrote that his voice was rising to a scream as he ranted about Trump.

“Trump masquerades as an angel of light, but he is the father of lies.”

Tepper isn’t necessarily a Democrat — the Charlotte Observer wrote that he said he planned to vote for Hillary Clinton in the presidential election but Republicans for Congress because he supported their financial platform — but he clearly doesn’t align with Trump. That didn’t seem to change after the election.

‘Demented, narcissistic scumbag’

SI.com pointed out that Tepper didn’t run recently from another inflammatory comment he made about Trump before the election, when he called him a “demented, narcissistic scumbag.” He brought up those comments in a speech last month, SI.com said.

“The economy’s really good right now, despite different things,” Tepper told a first-year business school students at Carnegie Mellon University, SI.com reported. “… Whether I like the person or not I’m not going to get into that — although I did call him a demented, narcissistic scumbag. And if you look up demented, narcissistic scumbag, you’ll see my name calling Trump that. Just Google those three words.”

Tepper’s fit among other owners will be worth watching

Not all owners share the same political views, but many contributed to Trump. Some who contributed to Trump have since criticized him, most notably Jacksonville Jaguars owner Shad Khan and New England Patriots owner Robert Kraft (Khan has been public with his criticism, Kraft’s came out in a New York Times story that chronicled an owners meeting last fall). But it’s fair to assume Trump still has his supporters among NFL owners.

That makes for an interesting dynamic, assuming Tepper is approved as the Panthers’ new owner as expected. Since Tepper doesn’t seem like the type to hold his words, the owners meetings might be lively, especially if there are more issues with Trump. It could be interesting to see if Tepper continues to bash Trump from his platform as an NFL owner. And Trump isn’t exactly known for ignoring criticism, so it could start another round of Trump vs. the NFL.

If nothing else, Tepper is a little more interesting than most new NFL owners.

Billionaire hedge fund manager David Tepper, who is expected to buy the Carolina Panthers, has been critical of Donald Trump. (AP)

– – – – – – –

Frank Schwab is a writer for Yahoo Sports. Have a tip? Email him at shutdown.corner@yahoo.com or follow him on Twitter!

More from Yahoo Sports:
Dan Wetzel: Thanks to Supreme Court, NFL protests won’t matter
Report: David Tepper to buy Carolina Panthers
Here’s the reason why no one will beat Golden State
Battered UFC fighter who wanted to quit match speaks

  • What happens if you win Mega Millions' $970M jackpot?
    News
    Associated Press

    What happens if you win Mega Millions' $970M jackpot?

    Despite the terrible odds — one in 302.5 million for those keeping score at home — someone will eventually match all six numbers and win the Mega Millions jackpot, which now stands at $970 million. Here are some answers for someone holding that prized lottery ticket for what would be the second-largest lottery jackpot in U.S. history. Lottery officials recommend winners take a deep breath, put their winning ticket in a safe spot and consult with a reputable financial planner before popping over to the lottery headquarters.

  • The ‘smart money’ says it’s time to buy the Chinese internet giants and the U.S. FAANGs
    News
    MarketWatch

    The ‘smart money’ says it’s time to buy the Chinese internet giants and the U.S. FAANGs

    When the media and investors turn negative on stocks but the “smart money” is bullish, it’s a good time to think about buying. After all, exactly what is the smart money, and how do you know? Lately, several fund managers who pass this test have been pounding the table on Chinese internet names.

  • Provocateur Stormy Daniels Takes an Unexpected Turn in the National Spotlight
    Politics
    Time

    Provocateur Stormy Daniels Takes an Unexpected Turn in the National Spotlight

    To understand what it means to be famous like Stormy Daniels, for the reasons she is famous, spend time with her in a public space. On Oct. 15, a California judge threw out the defamation case she filed against Donald Trump. Over the past year, Daniels, 39, has become the Zelig of White House scandals.

  • Business
    Reuters

    Micron to buy Intel's stake in joint venture IM Flash Technologies

    The deal terms include payment of about $1.5 billion in cash, as well as taking over Intel's debt to the venture, which was about $1 billion as of Aug. 30, Micron said. Intel and Micron initially contributed about $1.2 billion each to set up IM Flash Technologies in 2006. IM Flash (Intel-Micron Flash) makes 3D XPoint used in data centres and high-end computers and the joint venture is already consolidated in Micron's reported financial statements.

  • Marijuana stocks to watch: Aurora Cannabis investments may be more valuable than its pot
    News
    MarketWatch

    Marijuana stocks to watch: Aurora Cannabis investments may be more valuable than its pot

    Aurora Cannabis Inc. is a major pot producer, but if its bets on other cannabis companies continue to pay off, it may be able to stop actually growing weed on its own. Aurora (ACBFF)(CA:ACB) said recently its investments were worth more than C$700 million ($540 million) as of Sept. 21, bolstered in part by demand for pot stocks ahead of full legalization of marijuana in Canada on Wednesday. As the entire sector has benefited, so has Aurora’s portfolio, boosting the company’s fiscal fourth-quarter profit to C$79.9 million, after a loss of $20.8 million the year earlier.

  • Goldman Sachs Adds Nvidia To 'Conviction Buy' List
    World
    Yahoo Finance Video

    Goldman Sachs Adds Nvidia To 'Conviction Buy' List

    Goldman Sachs analyst Toshiya Hari reiterated his 'Buy' rating for Nvidia and added the chip-maker to Goldman’s 'Conviction Buy' list.

  • 7 Stocks Warren Buffett Can’t Stop Buying
    Finance
    InvestorPlace

    7 Stocks Warren Buffett Can’t Stop Buying

    Sometimes identifying the best stocks to buy can be difficult, but you could do a lot worse than checking out the stocks selected by one of the world’s savviest hedge fund managers — Warren Buffett. Buffett’s stock picks are a popular source for investors, and for good reason. The billionaire Buffett is many things: He’s among the world’s most successful fund managers, a legendary philanthropist and owns more than 60 companies.

  • Sky-high salaries at Facebook, Google and tech titans will create opportunities for the proactive
    Finance
    American City Business Journals

    Sky-high salaries at Facebook, Google and tech titans will create opportunities for the proactive

    No matter whether you’re in Silicon Valley, Boston or Birmingham, a dollar is a dollar in the most literal sense.  But in terms of talent or venture capital, it’s not really. The difference is evident in the eye-popping median salaries at Silicon Valley tech giants like Facebook Inc. (Nasdaq: FB) ($240,430), Alphabet Inc.'s Google (Nasdaq: GOOG) ($197,274) and Ebay Inc. (Nasdaq: EBAY) ($122,891), according to recent data compiled by our sister publication. Compare that to the median salary for say, software developers in metro Birmingham ($92,000), and you can see a clear opportunity for Birmingham and similarly positioned communities in the South.

  • Home Depot vs. Lowe’s: Both Stocks Are Slumping, So Which One Should You Buy?
    Finance
    GoBankingRates

    Home Depot vs. Lowe’s: Both Stocks Are Slumping, So Which One Should You Buy?

    An analyst downgrade based on housing market outlooks has sent stocks from Lowe’s and Home Depot down over the last two days. Both Home Depot and Lowe’s are in downtrends dating back to September. On Wednesday, shares in Lowe’s and The Home Depot were slumping after disappointing housing market data led a key analyst to downgrade his ratings and slash price targets, and both stocks continued the slump into a second day on Thursday.

  • Starbucks selling stores, closing office in Europe
    Business
    Associated Press

    Starbucks selling stores, closing office in Europe

    Starbucks is restructuring its European operations after several years of slowing sales. The Seattle-based coffee chain is selling 83 company-owned stores in France, the Netherlands, Belgium and Luxembourg to its longtime partner, Alsea. Alsea will also provide services to 177 other Starbucks locations in those countries which are owned by franchisees.

  • Here's everyone who has dropped out of Saudi Arabia's 'Davos of the Middle East'
    Finance
    Yahoo Finance

    Here's everyone who has dropped out of Saudi Arabia's 'Davos of the Middle East'

    U.S. Treasury Secretary Steven Mnuchin tweeted Thursday that he will not be attending the Future Investment Initiative in Saudi Arabia next week. The news comes after prominent members of the world’s business community have been dropping out of Saudi

  • Ford Motor Company Earnings: What to Watch For
    Business
    Motley Fool

    Ford Motor Company Earnings: What to Watch For

    Ford Motor Company (NYSE: F) will report its third-quarter earnings results after the markets close on Oct. 24. Wall Street analysts polled by Thomson Reuters expect Ford to report earnings of $0.30 per share, on average, down from $0.43 in the third quarter of 2017. Ford's F-Series pickups continue to sell well and generate good profits, thanks to high-margin versions like this F-150 Limited.

  • Finance
    CNBC

    China's stock market is getting pummeled and history shows that is bad news for US markets

    U.S. stocks are lower about 70 percent of the time in periods when there are big drops of 10 percent or more in Shanghai stocks, according to analytics firm Kensho. The main U.S. indexes lose about 5 percent when Shanghai stocks fall 10 percent or more in a 30-day period. Big blue chips, like Goldman and Caterpillar are among the losers, but copper and oil also fall hard when Shanghai sees a big decline.

  • Don’t sweat a stock-market selloff with midterms around the corner, says strategist
    News
    MarketWatch

    Don’t sweat a stock-market selloff with midterms around the corner, says strategist

    “On average, the S&P 500 actually has been negative year to date in early October during a midterm year,” said Detrick, in a note. Read: Will midterm elections sink the stock market? As for the market’s dismal performance the past couple of weeks, Detrick expects stocks to remain under pressure in the near term as they had done in 2016 when the S&P 500 slid for nine straight sessions before the election in November.

  • The same question that can chart a path to early retirement is the one Warren Buffett used to build Berkshire Hathaway into a powerhouse
    Business
    Business Insider

    The same question that can chart a path to early retirement is the one Warren Buffett used to build Berkshire Hathaway into a powerhouse

    Inversion is a mental model that involves flipping your outlook to prevent the opposite of what you want to happen from happening. Warren Buffett and his business partner Charlie Munger employed inversion as a business strategy to build Berkshire Hathaway into a powerhouse. In a recent podcast with Brandon of the Mad Fientist, who retired early at 34, productivity expert James Clear said the same strategy Buffett used can help set someone on the path for early retirement.

  • Finance
    Investopedia

    Berkshire Is Undervalued, Says JPMorgan

    Berkshire Hathaway Inc.'s ( BRK.B) Class B shares are cheap if you apply the same metrics that its CEO Warren Buffett does to value companies, according to JPMorgan. In a research note, reported on by CNBC, analyst Sarah DeWitt said Berkshire, a company that investors have historically struggled to value properly because of its many moving parts, suddenly appears to be attractively priced when factoring in all the profits made by the stocks held in its $200 billion equity portfolio into its earnings. “Look-through earnings” take into account current period earnings that show up in financial statements, together with other sources of earnings expected in the long run. This method is used by Buffett as a way to appreciate that companies sometimes retain earnings after paying dividends and later invest them at a higher rate of return.

  • Employee Accused of Urinating on Production Line at Food Processing Facility
    Business
    WTKR - Norfolk

    Employee Accused of Urinating on Production Line at Food Processing Facility

    Smithfield Foods, Inc. said in a statement Tuesday that it disposed of more than 50,000 pounds of product after reports of an employee urinating at his station at the company’s processing facility in Virginia.

  • Kinder Morgan Beats Q3 Earnings Estimates, Improves Leverage
    Finance
    Market Realist

    Kinder Morgan Beats Q3 Earnings Estimates, Improves Leverage

    Kinder Morgan Beats Q3 Earnings Estimates, Improves Leverage Kinder Morgan’s third-quarter results Kinder Morgan (KMI) announced its third-quarter results on October 17 after the markets closed. The company announced an adjusted EPS of $0.21—up ~40%

  • Advanced Micro Devices (AMD) Q3 Earnings Preview: Here's What to Look Out For
    Business
    Zacks

    Advanced Micro Devices (AMD) Q3 Earnings Preview: Here's What to Look Out For

    Advanced Micro Devices (AMD) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2018. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on October 24, 2018, might help the stock move higher if these key numbers are better than expectations.

  • Alibaba (BABA) Dips More Than Broader Markets: What You Should Know
    Finance
    Zacks

    Alibaba (BABA) Dips More Than Broader Markets: What You Should Know

    Investors will be hoping for strength from BABA as it approaches its next earnings release, which is expected to be November 2, 2018. On that day, BABA is projected to report earnings of $1.16 per share, which would represent a year-over-year decline of 10.08%. Investors should also note any recent changes to analyst estimates for BABA.

  • Boeing (BA) Dips More Than Broader Markets: What You Should Know
    Finance
    Zacks

    Boeing (BA) Dips More Than Broader Markets: What You Should Know

    In the latest trading session, Boeing (BA) closed at $359.50, marking a -1.64% move from the previous day. This change lagged the S&P 500's 1.44% loss on the day. Meanwhile, the Dow lost 1.27%, and the Nasdaq, a tech-heavy index, lost 2.06%.Coming into

  • Qualcomm (QCOM) Stock Moves -1.44%: What You Should Know
    Finance
    Zacks

    Qualcomm (QCOM) Stock Moves -1.44%: What You Should Know

    This has lagged the Computer and Technology sector's loss of 3.96% and the S&P 500's loss of 2.61% in that time. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.53 billion, down 6.27% from the year-ago period. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

  • 3 takeaways from a conversation between Warren Buffett and Dr. James Reed
    Finance
    American City Business Journals

    3 takeaways from a conversation between Warren Buffett and Dr. James Reed

    The world's third-richest person sat down with the leader of the largest Albany area hospital system to talk about health care and the economy. Billionaire Warren Buffett, chief executive of Berkshire Hathaway, had a public discussion Wednesday with Dr. James Reed, president and CEO of St. Peter's Health Partners. The discussion was held after a Berkshire Hathaway subsidiary bought medical malpractice insurer MLMIC, formerly Medical Liability Mutual Insurance Co. Reed is chairman of the board of MLMIC, New York's largest medical malpractice insurer.

  • Aurora Cannabis stock leads sector higher after news it will start trading on NYSE next week
    News
    MarketWatch

    Aurora Cannabis stock leads sector higher after news it will start trading on NYSE next week

    Canadian marijuana company Aurora Cannabis Inc.’s shares rose about 4% Thursday after it said shares have been approved for trading on the New York Stock Exchange starting October 23. The stock (CA:ACB)(CA:ACB) which is currently trading on the over-the-counter market, will trade under the ticker symbol “ACB”. The shares are also traded on the Toronto Stock Exchange.

  • News
    MarketWatch

    Caterpillar's stock tumbles to pace Dow losers after disappointing results from industrial sector peers

    Shares of Caterpillar Inc. (cat) tumbled 3.9% in afternoon trade, enough to pace the 28 of 30 Dow Jones Industrial Average (djia) components that were declining, after a number of disappointing earnings reports from industrial-sector peers. The SPDR Industrial Select Sector ETF (xli) of which Caterpillar is a component, slumped 1.9% to a 3 1/2-month low, with 68 of 70 equity components losing ground. The biggest loser in the ETF were shares of United Rentals Inc. (uri) which fell 11.7% to a 13-month low after the company beat earnings and revenue expectations, but UBS cut its price target to $180 from $196 citing disappointing rates.