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CNBC Exclusive: CNBC Excerpts: Appalossa Management President and Founder David Tepper Talks Trump and Clinton with CNBC’s “Squawk Box” Today

WHEN: Today, Monday, November 7th

WHERE: CNBC's "Squawk Box"

Following are excerpts from the unofficial transcript of a CNBC EXCLUSIVE interview with Appaloosa Management President and Founder David Tepper on CNBC's "Squawk Box" (M-F, 6AM-9AM ET) today, Monday, November 7th. Following is a link to the story on CNBC.com: http://www.cnbc.com/2016/11/07/not-one-dime-billionaire-tepper-slams-trump-on-charitable-giving.html. Following are links to the video on CNBC.com: http://video.cnbc.com/gallery/?video=3000565869, http://video.cnbc.com/gallery/?video=3000565870, http://video.cnbc.com/gallery/?video=3000565884 and http://video.cnbc.com/gallery/?video=3000565867.

All references must be sourced to CNBC.

TEPPER ON VOTING FOR HILLARY CLINTON

Yes, I'm going to be voting for Clinton. And I'm going to be voting, unless there is somebody who is really, really out there Republican, I'm going to be voting Republican down ticket. Okay? So, Clinton is my choice.

TEPPER ON HILLARY CLINTON

I'm not going to sit here and say Hillary Clinton is in any way shape or form a saint. Never going to say that or that she has great economic policies. Never going to say that. What I will say that, listen, there is business investment that hasn't been done – I think Larry would agree with this given this election – and I do think the status quo, and I think even better, Hillary Clinton who is probably to the right of Obama on a lot things, and I hate to say that, because I don't want to piss off the Bernie people, but it is true.

TEPPER ON DONALD TRUMP BEING THE FATHER OF LIES

Trump masquerades as an angel of light. But he is the father of lies. Especially concerning charity and good deeds.

TEPPER ON DONALD TRUMP NOT BEING CHARITABLE

Trump's wife was on TV and she introduced him as a giving, generous and charitable person. And I have to tell you something. You know, I do a lot of stuff in Jersey for charities. You guys know that. To the food banks, the pantries. Trump has big operations – the casinos and golf courses here. I'm on Robin Hood's board in New York. And I have to tell you, during the financial crisis, during Sandy, not one dime, not one dime – and I know this first hand. This is fact, not conjecture. Fact. Not one dime to one major food bank, one major pantry in Jersey. During Sandy, the 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. When you live in these places, and you are living with your people here, and you are supposedly a multi-billionaire. And not one dime. And not one dime. For people in the greatest hour of need.

TEPPER ON PEOPLE BEING NERVOUS ABOUT DONALD TRUMP

This is a guy that has to remind himself on the podium to stay on message. In fact, he talked himself. Stay on message, Donald, stay on message. Is he going to get – and the reason people are nervous about this guy, is he going to get into the Oval Office and he is going to say don't press the button, Donald, don't press that red button. It could be dangerous. I don't want a guy that talks like that to himself. After he reminds himself to stay on message. It makes people nervous, Larry, and that's economics.

TEPPER ON A REPUBLICAN HOUSE AND SENATE

You are asking me about the Democratic platform or what I think Hillary – I don't like the Democratic platform. And listen, I hope the House is Republican, I hope the Senate is Republican. I know, look, the House is 100% going to be Republican. Right now, 90 – whatever the hell it is right now. Heck it is – sorry – is right now. But the Senate, you know, I would like the Senate to be Republican too. Just as a check on some of the platform economic policies.

TEPPER ON THE MARKET

So when we were up at – when we're saying cautious, we were like, you know, this market doesn't have a lot of upside, but has more downside. So as we went down to 2080, to tell you the truth, we became – still cautious, but we actually got long a little bit.

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