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WHEN: TODAY, FRIDAY, July 22, 2016
WHERE: CNBC'S "CLOSING BELL"
Following is the unofficial transcript of billionaire investor Mark Cuban on CNBC's "Closing Bell" today, Friday, July 22. Following is a link to video of the interview on CNBC.com: http://video.cnbc.com/gallery/?video=3000537009.
All references must be sourced to CNBC.
EVANS: HOLD THE PHONE THERE FOR A SECOND, EVERYBODY. JOINING US ON THE PHONE IS MARK CUBAN. MARK, THANK YOU FOR DIALING IN HERE. LISTEN.
EVANS: YOUR COMMENTS OF COURSE ALREADY BEEN HEARD AROUND THE WORLD. DEEPLY DISSATISFIED WITH WHAT YOU HEARD OUT OF THE GOP CONVENTION THIS WEEK BUT DON'T YOU -- I MEAN, THE RHETORIC IS PARTLY POLITICS. WHAT IS THE DEEPER CONCERN THAT YOU WANT TO EXPRESS HERE?
CUBAN: THAT THERE IS NO SUBSTANCE. RIGHT? IT'S ONE THING TO TALK IN HEADLINES. AND IT'S ANOTHER THING TO, YOU KNOW, UNDERSTAND THE ISSUES, CONVEY AN UNDERSTANDING OF THE ISSUES, TO SHOW ANALYTICAL STILLS AND I JUST DON'T THINK DONALD HAS DONE THAT.
EVANS: WHEN IT COMES TO THE THEMES THIS WEEK, WE HAD THEM EMPHASIZING LAW AND ORDER, FOR EXAMPLE. HE PICKED MIKE PENCE AND MIKE PENCE DWELLS ON HIS TENURE IN INDIANA. YOU KNOW, WE HEARD FROM PETER THIEL LAST NIGHT, PROMINENT VENTURE SILICON VALLEY VENTURE CAPITALIST, A LIBERTARIAN TYPE. DID ANYTHING YOU HEARD OUT OF THOSE PEOPLE GIVE YOU A DIFFERENT SENSE THAN WHAT YOU HEARD FROM DONALD TRUMP HIMSELF?
CUBAN: WELL, I MEAN, IT DOESN'T MATTER WHETHER IT'S MIKE PENCE OR PETER THIEL. IT DOESN'T MATTER WHAT THEY SAID. WHAT MATTERS IS DONALD TRUMP'S APPROACH TO PROBLEM SOLVING. YOU KNOW, THE ONE CERTAINTY ABOUT THE POSITION, THE PRESIDENT OF THE UNITED STATES, IS THAT THERE'S COMPLETE UNCERTAINTY. YOU DON'T KNOW WHAT THE NEXT DAY IS GOING TO BRING. AND SO, YOU CAN, YOU KNOW, MAKE ALL THE PROCLAMATIONS IN THE WORLD ABOUT WHAT YOU ARE GOING TO DO BUT EVERY DAY SEEING IN MUNICH, WATCHING THE NEWS EVERY DAY, EVERY DAY THERE'S SOMETHING NEW AND IT'S IMPOSSIBLE TO TRY TO PREDICT, IT'S IMPOSSIBLE TO TRY TO PREEMPT. NO MATTER WHAT YOU THINK. IF THAT'S THE CASE WHERE IT IS COMPLETE UNCERTAINTY, MY OPINION AND THE REASON I'M SPEAKING OUT, I WANT TO SEE SOMEBODY THAT SHOWS ANALYTICAL SKILLS, SOMEBODY THAT WHEN SOMETHING NEW COMES, EITHER, A, THEY DIG IN AND LEARN OR, YOU KNOW, SHOW THE ABILITY TO LEARN AND RESPOND IN A QUALITY MANNER, OR, YOU KNOW, THAT THEY ALREADY UNDERSTAND THOSE ISSUES AND ARE READY TO DEAL WITH THEM. I JUST HAVEN'T SEEN THAT FROM DONALD AT ALL.
NEWMARK: MARK, IT'S EVAN NEWMARK.
NEWMARK: I HAVE A QUESTION FOR YOU. WHO'S HE ADDRESSING WITH THAT SPEECH LAST NIGHT? THERE ARE PEOPLE WHO ARE GOING TO VOTE FOR DONALD TRUMP REGARDLESS OF WHAT HE HAS TO SAY. SO HE HAS TO BE TRYING TO REACH A CERTAIN CORE GROUP OF PEOPLE TO WIN THEM OVER. WHAT WAS HIS MESSAGE LAST NIGHT? AND DOES IT REALLY HAVE TO HAVE ANYTHING MORE THAN EMOTIONAL RESONANCE WITH THEM? IT'S AN EMOTIONAL APPEAL. NOT AN ANALYTICAL APPEAL.
CUBAN: YOUR POINT IS WELL TAKEN AND, YOU KNOW, I THINK HE WAS TRYING TO REACH THOSE PEOPLE DISAFFECTED AND FEEL LIKE THEY -- THEIR DREAMS AREN'T GOING TO COME TRUE. I'M A BIG BELIEVER IN THIS CONCEPT THAT WHEN PEOPLE'S -- PEOPLE HAVE EXPECTATIONS ABOUT THEIR LIVES AND WHEN THEY BEGIN TO REALIZE THAT THEY'RE NOT GOING TO REACH THOSE EXPECTATIONS, THEY GET DISAPPOINTED, BECOME DISAFFECTED AND THEY REACT IN DIFFERENT WAYS AND ONE OF THOSE WAYS RIGHT NOW I THINK IS SUPPORTING DONALD TRUMP. AND HE'S CERTAINLY PLAYING TO THAT. NOW, DO THOSE PEOPLE ALREADY BELIEVE IN HIM AND ARE THEY ALREADY GOING TO VOTE? I DON'T KNOW. BUT I WILL SAY THIS. IT WOULD NOT SHOCK ME IF DONALD TRUMP WON THE POPULAR VOTE. AND THEN, AGAIN, IT WOULD NOT SHOCK ME IF DONALD GOT CRUSHED IN THE ELECTORAL COLLEGE BECAUSE IN MY DEALINGS WITH HIM AND FROM THOSE I HAVE TALKED TO AROUND HIM AND FROM WHAT HE SAID PUBLICLY, HE'S NOT A BIG
BELIEVER IN ANALYTICS. HE IS NOT A BIG BELIEVER IN UNDERSTANDING THAT THE NUANCES OF GETTING ELECTED AT LEAST HE CERTAINLY HASN'T TO THIS POINT AND HE'S NOT RAISING ENOUGH MONEY TO ADDRESS THOSE ISSUES AT THIS POINT. AND SO, YOU KNOW, HE COULD HAVE GONE -- HE DID GO LOUD AND CLEAR TO THOSE DISAFFECTED PEOPLE AND IT'S, YOU KNOW, NOT SURPRISING THE RESPONSE HE GOT AND I AGREE, EVAN, WITH YOUR POINT. BUT, AGAIN, THAT DOESN'T MAKE HIM THE BEST CANDIDATE. YOU KNOW? IN MY MIND. AND THAT'S WHY I'VE SPOKEN OUT.
KELLY: MARK, IT IS KATE KELLY OF CNBC.
CUBAN: HI, KATE.
KELLY: YOU'RE AN ENTREPRENEUR I JUST GOT A QUICK QUESTION. THERE WAS AN INTERESTING POLL TAKEN ON MEDIUM.COM BY A WRITER THERE ANYWAY TALKING ABOUT THE TECH COMMUNITY RIPPING OFF THE FACT THAT PETER THIEL A VOCAL SUPPORTER FOR TRUMP WHO SPOKE AT THE CONVENTION IN FAVOR OF HIM AND MOST OF SILICON VALLEY IS NOT. THIS, ACCORDING TO THIS POLL, NUMBERS STOOD AT SOMETHING LIKE 10%, A FEW MONTHS AGO AND NOW MORE LIKE 22%. BUT SOME PEOPLE IN THE SILICON VALLEY COMMUNITY FEEL THAT IT REQUIRES A GAME CHANGER, SOMEBODY WHO'S ANTI-ESTABLISHMENT TO SORT OF GET WHAT THEY'RE DOING AND CREATE A BUSINESS FRIENDLY ENVIRONMENT. NOW, THAT MAY JUST SOUND LIKE ANOTHER AFORISM -- I'M CURIOUS WHAT YOU THINK ABOUT THAT IDEA AND ANYTHING TO IT INSOFAR AS HILLARY CLINTON AND HER ECONOMIC PLAN TO REPRESENT THE STATUS QUO.
CUBAN: OKAY. SO FIRST TALK ABOUT DONALD. WHATEVER ENTREPRENEURIAL BONES IN HIS BODY ARE LONG GONE. HE'S NOT A GRINDER ANYMORE. WE TALKED ABOUT THAT. WHEN YOU SEE HIM APPROACH THINGS, HE'S AT THE HANGAR WHERE THE JET IS, A BALLROOM OF A LOT OF PEOPLE, AN ARENA, WHEREVER HE IS. HE REALLY GOES TO TALK TO THE GREATEST NUMBER OF PEOPLE POSSIBLE. MORE CREDIT TO HIM FOR DOING THAT. BUT I DON'T SEE HIM AS SOMEBODY WHO LOOKS AT SMALL BUSINESS AND SAYS, YOU KNOW WHAT? I GET YOU. I UNDERSTAND YOU. YOU, YOU KNOW, THERE'S NOT A LIST OF ENTREPRENEURS OR SMALL COMPANIES THAT HE'S INVESTED IN. THERE AREN'T ENTREPRENEURS SAYING HE WAS MY MENTOR AND HE REALLY HELPS. YOU KNOW? I REMEMBER HAVING A PHONE CONVERSATION BEFORE HIM RIGHT BEFORE THE CNBC DEBATES AND I SAID TO HIM, DONALD, YOU KNOW, IF YOU GO OUT THERE AND JUST SIT WITH A SMALL BUSINESS AND SHOW OFF YOUR BUSINESS SKILLS AND SHOW PEOPLE YOU UNDERSTAND SMALL BUSINESS, YOU KNOW, YOU REALLY COULD BENEFIT FROM THIS. AND REALLY DIFFERENTIATE YOURSELF. AND HE WAS NOT ABOUT THAT AT ALL. I WON'T TELL YOU EXACTLY WHAT HE SAID BUT, YOU KNOW, IT WAS BASICALLY I DON'T DO THAT.
KELLY: MARK --
CUBAN: AND SO, YOU KNOW, SO THAT'S ONE END. AS FAR AS HILLARY, I HAVE GONE THROUGH HER WEBSITE, MAYBE NOT WITH A FINE-TOOTHED COMB BUT A COMB AND SHE'S AT LEAST TRYING TO UNDERSTAND THAT AND TALKING TO THE CAMPAIGN SHE IS TRYING. THERE'S A PROPOSAL SHE HAS ON THERE WHERE, I MEAN, I MAY NOT GET IT EXACTLY RIGHT BUT A 15% CREDIT, TAX CREDIT, FOR SMALL START-UP ORIENTED COMPANIES THAT DO -- THAT OFFER STOCK TO THEIR EMPLOYEES. IF YOU OFFER STOCK TO THE EMPLOYEES, WHICH I THINK IS A GREAT INCENTIVE, A GREAT WAY TO DEAL WITH, YOU KNOW, BUILDING THE NET WORTH OF PEOPLE WHOSE NET WORTH NEEDS TO BE BUILT AND CAN'T JUST SAVE MONEY AND ACCRUE INTEREST THESE DAYS AND A GOOD PROGRAM AND SHE TOOK SOMETHING ALONG THOSE LINES.
CUBAN: LOOKING AT DONALD'S PROPOSALS, HEY, I'M CUTTING TAXES FOR EVERYBODY. YOU KNOW WHAT? I'VE INVESTED IN OVER 150 COMPANIES AND NEVER ONCE, WHETHER A SHARK TANK COMPANY OR ANY OTHER COMPANY OR COMPANIES I HAVE STARTED FROM THE AGE OF 12 HAVE I EVER BROUGHT UP THE ISSUE OF TAXES IN ADVANCE. AND I DON'T SEE HIM TALKING ABOUT, YOU KNOW, REMOVING HURDLES THAT COMPANIES FACE IN TERMS OF PAPER WORK, IN TERMS OF REGULATIONS UP FRONT EITHER.
EVANS: MARK, LET ME ASK YOU, BECAUSE ONE OF THE THEMES THAT CAME UP TIME AND AGAIN AT THE CONVENTION, EVEN AMONG SUPPORTERS YOU TALKED TO WHO SAID THEY WERE GOING TO VOTE FOR TRUMP DIDN'T NECESSARILY LOVE EVERYTHING ABOUT THE GUY AND SAID LOOK AT HIS CHILDREN. TIME AND AGAIN THIS CAME UP. THEY SAY LOOK AT THE KIDS. LOOK AT IVANKA. HOW CAN HE BE THAT BAD AND THAT DANGEROUS OF A GUY? WHAT IS YOUR, YOU KNOW, WHAT DID YOU THINK OF THE SPEECHES YOU HEARD FROM THE TRUMP KIDS, IVANKA'S IN PARTICULAR, AND ABOUT
CUBAN: I DON'T WANT TO GO THERE. IT'S NOT FAIR, YOU KNOW, TO SAY WHAT I WOULD SAY.
EVANS: WHAT? GIVE US A -- WHAT DO YOU MEAN? DO YOU HAVE PERSONAL DEALINGS THAT WOULD GIVE YOU A DIFFERENT IMPRESSION?
CUBAN: IT HAS NOTHING TO DO WITH HIS KIDS. RIGHT? I WON'T GO THERE.
EVANS: BUT DO YOU THINK THE POINT IS VALID? LET ME JUST ESTABLISH ONE THING.
EVANS: YOU DON'T THINK IT'S VALID BASED ON YOUR PERSONAL EXPERIENCE WITH THE KIDS OR NOT A VALID THING FOR ANYBODY TO SAY ABOUT A CANDIDATE, PERIOD.
CUBAN: I JUST DON'T -- YEAH. I JUST -- THERE'S NO GOOD WAY TO ANSWER IT SO I JUST PASS ON THE QUESTION.
EVANS: UNDERSTOOD. I WAS GOING TO ASK YOU BEFORE YOU GO, YOU SPOKE WITH HIM LAST YEAR GOING INTO THE DEBATES. HOW WAS THE RELATIONSHIP BETWEEN THE TWO OF YOU BEEN SINCE? I MEAN, IT SEEMS TO HAVE SOURED AT LEAST FROM THE PUBLIC REMARKS.
CUBAN: OF COURSE IT HAS. YOU KNOW, AND SO, TO GIVE YOU THE BACKGROUND, I WOULD VOTE FOR DONALD TRUMP OVER TED CRUZ 100 OUT OF 100 TIMES. YOU KNOW? TED CRUZ IS A DEMAGOGUE AND HE'S SMART AND THAT'S A DANGEROUS COMBINATION. AND I WOULD SAY TO DONALD, AND I SAID -- I DON'T AGREE WITH MOST OF YOU WHAT YOU SAID AND TED IS DANGEROUS AND WILL HELP YOU ALL I CAN AND SOME POINT YOU HAVE TO LEARN THE ISSUES. AND SO, WHEN I KIND OF – AFTER HE WON, I SAID, CONGRATULATIONS. GREAT. AND THEN I WENT AND DID AN INTERVIEW OR SAID, OKAY, YOU KNOW, TIME FOR HIM TO START LEARNING THE ISSUES AND THROUGH MEREDITH MCIVER HE E-MAILED ME AND SAID WHAT HAPPENED? I SAID EXACTLY WHAT I TOLD YOU DIRECTLY. YOU HAVE GOT TO LEARN THE ISSUES. AND UNTIL YOU DO THAT, I DON'T SEE HOW I CAN SUPPORT YOU AND THAT'S EXACTLY WHAT I SAID. AND I HAVEN'T TALKED TO HIM SINCE.
KELLY: MEREDITH MCIVER BEING THE ONE THAT WROTE THE MELANIA SPEECH OR AT LEAST INCORPORATED THE MICHELLE OBAMA REMARKS UNWITTINGLY?
CUBAN: LOOK MEREDITH MCIVER I NEVER MET HER PERSONALLY BUT EVERY ONE OF MY DEALINGS BECAUSE HE DOESN'T E-MAIL, RIGHT I WOULD SEND E-MAILS AND EVERYTHING COMES BACK AS A SCANNED COPY WITH HIS COMMENTS ON IT VIA MEREDITH AND SHE IS FIRST CLASS IN EVERY WHICH WAY, SHAPE OR FORM. BUT, YOU KNOW, AND I DON'T WANT TO THROW MELANIA UNDER THE BUS AND TO THROW DONALD UNDER THE BUS, THINK ABOUT WHAT HAPPENED THERE. SO MELANIA, MRS. TRUMP, WATCHED THE SPEECH, RIGHT, TELLS MEREDITH, I LIKE THESE PASSAGES. MEREDITH WRITES UP THE SPEECH. GIVES IT BACK TO MRS. TRUMP, MRS. TRUMP REPEATS THE PASSAGES. YOU WOULD THINK THAT, YOU KNOW, WHEN I READ THAT I THOUGHT OH MY GOODNESS. YOU KNOW? SHE IS THE ONE THAT, YOU KNOW, COMMITTED PLAGARISM. RIGHT? SHE KNEW WHAT SHE WAS SAYING. AND THE POINT ISN'T TO THROW MRS. TRUMP UNDER THE BUS. THE POINT IS, THIS WAS DONALD'S SOLUTION. THROWING HIS WIFE UNDER THE BUS. I MEAN, BECAUSE THE PLAGIARISM DIDN'T COME FROM MEREDITH.
EVANS: I DON'T KNOW I MEAN SHE SPEAKS LIKE FIVE LANGUAGES OR SOMETHING.
KELLY: BUT THE POINT IS HE DIDN'T TAKE DECISIVE ACTION, RIGHT?
CUBAN: IT'S PLAGIARISM IN ANY LANGUAGE.
EVANS: WHY DID DONALD THROW MELANIA UNDER THE BUS IF MELANIA DIDN'T KNOW THAT SHE WAS READING PASSAGES THAT SHE ALREADY PARROTTED FROM MICHELLE OBAMA?
CUBAN: MELANIA IS THE ONE WHO FOUND THE PASSAGES, CONVEYED THEM TO MEREDITH. MEREDITH SENDS THOSE PASSAGES TO MELANIA.
EVANS: RIGHT, RIGHT. WHY IS THAT DONALD'S -- IF SHE COULD HAVE CAUGHT THAT, WHERE DID DONALD COME IN THERE?
CUBAN: WHERE DONALD WHO HAVE COME IN. HE AUTHORIZED MEREDITH GOING PUBLIC. AND THE WHOLE THING OF MEREDITH GOING PUBLIC CONFIRMED --
EVANS: YEAH. GOTCHA.
CUBAN: THE PLAGIARISM. WHICH IS MY MIND WAS CRAZY.
EVANS: WE LOVE HEARING FROM YOU ON THIS STUFF. FASCINATING GLIMPSE INTO WHAT'S HAPPENING WITH THE CAMPAIGN. THANK YOU FOR PHONING IN, MARK. APPRECIATE IT.
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