Stephen A. Smith: Failure to buy Bills sparked Donald Trump's first presidential run
Nearly 10 years ago to the day, a certain someone took a certain ride down a certain golden escalator and most certainly upended American politics.
As Stephen A. Smith told it on Monday night's edition of The Daily Show, the rise of Donald Trump the politician is tied directly to his inability to buy the Buffalo Bills a year before he threw his hat in the presidential ring.
"In 2014, he wanted to purchase the NFL's Buffalo Bills," Smith told Jon Stewart. "The price tag was $1.4 billion. . . . My sources tell me he had $1.1 [billion]. . . . He literally called me in 2014 and he said, 'Stephen, I'm going to tell you this right now' — and this is a quote — 'if them mutherfuckers get in my way, I'm gonna get them all back. I'm gonna run for president.' Those are his exact words.
"And so the NFL often jokes with me, 'So it's our fault' when I tell them that story. And I say, 'Yeah.'"
This prompted Stewart to make a direct plea to the camera: "People of Buffalo. Give him the fucking team. Save us."
Smith explained Trump's viewpoint on the matter.
"He was putting the word out that if this doesn't happen — he wanted to do it, and this should happen, I'm Donald Trump, I'm very popular and well known, I'm worth over a billion dollars, I should be able to purchase an NFL team if I want it," Smith said. "And if I can't get it, it's because they're getting in my way. That was his position. Their position was, 'You didn't have enough money.'"
And he didn't. Because at the end of the day that's all it takes to buy an NFL team: Come up with the best offer. Terry and Kim Pegula came up with a better offer than the twice future president.
But, yes, there's an alternate universe in which Trump owns the Bills and he isn't the president and he calls in to PFT Live on a regular basis to complain that the league office is being very unfair.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business of Fashion
7 minutes ago
- Business of Fashion
Surprise! Why Apparel Prices Are Actually Falling
A little over a month into President Donald Trump's new tariff regime, the verdict is in: Clothes are getting cheaper. The US Bureau of Labor Statistics on Wednesday reported that apparel prices fell 0.4 percent between April and May, and were down 0.9 percent from a year prior. Inflation overall was estimated at 2.4 percent, in line with expectations. The data likely reflects pain delayed rather than avoided. Many retailers stocked up before Trump announced a 10 percent tariff on all imports, as well as an additional 30 percent levy on Chinese goods. Inflation figures also don't account for hikes that were announced but have yet to kick in. E.l.f. Cosmetics, LVMH, Nike and many others have said they plan to raise prices this summer. But the downward trend speaks to another truth about fashion's approach to pricing: The tariffs came at a time when brands were already working overtime to convince reluctant shoppers to keep spending. Rather than pass along costs, many companies' instinct is to explore every other option first. Urban Outfitters, Gap and Abercrombie & Fitch fall in that camp, saying they'll hold off on increasing prices even as they warn of shrinking margins. And for brands that engaged in years of post-pandemic price hikes, discounting even in the face of tariffs is still the best way to win back customers. Many luxury labels fall in this category, though plenty of mass-market brands are more expensive than they used to be, too. 'Retailers don't want to scare consumers or the market and suggest they're [raising] prices,' said Sonia Lapinsky, partner at retail consultancy Alix Partners. 'They're refraining as much as possible, they're not talking as much as possible.' Fashion's Falling Prices Apparel prices fell month on month between April and May, and nearly 1 percent in May year on year. The rate of price increases began slowing in 2023, and then declining early this year. This doesn't account for the full impact of tariffs on retailers' margins, which won't be realised until late summer or fall. That is when prices could get 'wildly volatile,' because of brands' individual approaches to pricing in the face of rising costs, said Michael Prendergast, managing director of Alvarez & Marsal Consumer and Retail Group. Some brands will look at this moment as a time to sacrifice margin to gain market share. With expanded margins, thanks to years of rising prices, many retailers are well positioned to absorb the impact. For now brands are doing everything in their power to keep people shopping and drive traffic, said Lapinsky, including upping discounting throughout April and May. Beyond categories like footwear that are highly susceptible to tariffs, brands will get specific about where they raise prices — fashion items may have elasticity, but shoppers would see a more obvious change in basic pieces, for example. Likely, after years of experimenting, brands have learned where their limits are. Planning for the rest of the year is filled with extra risk. Raise prices too much, and kill demand; plan for lower demand and potentially end up with empty shelves. That conundrum will likely come to a head for retailers during back-to-school shopping season. 'We're likely going to have an inventory issue on one end or the other,' said Lapinsky. 'Either we've got inventory in the stores that had to be priced at a point that they can't clear, or retailers may have pulled back and just don't have what customers are looking for.' Mood-Swing Shopping As they make inventory and pricing decisions for the rest of the year, retailers are watching consumer sentiment closely to try to determine whether they'll have the appetite to spend — and to what degree. 'You have to be cautious of exactly what inventory you're taking in, given consumer sentiment and how much they're shopping,' said Jessica Ramírez, co-founder of research firm The Consumer Collective. 'If you're just churning inventory that isn't a priority on your consumers' list, you're not going to do very well.' After falling to its lowest point in years, consumer sentiment got a slight boost in May. Part of that may be thanks to a comparative settling of the news cycle from April, when Trump first announced, and then temporarily paused, levies. But even just the feeling of rising prices and uncertainty can put a damper on shoppers' moods. Plus, more generally, price inflation in other categories will have an impact on consumer appetite to spend on apparel. 'Food and gas prices affect discretionary income,' said Prendergast. 'Gas prices are coming down, that's the good news. The not great news is food continues to rise — that pinches the wallet.' Trouble is Brewing Elsewhere The picture of softened demand is clearer in China, the second biggest fashion market after the US. Earlier this month, China reported consumer prices overall — not just apparel — fell for a fourth consecutive month in May, raising concerns that deflation is here to stay. Meanwhile, wage shrinkage and property value slumps continue. It's already having an impact on fashion, reported Reuters: Amid raging price wars, stores are putting merchandise on steep discount — $30 for a Coach handbag at Super Zhuanzhuan, for example. US-based apparel companies operating in China will face more uncertainty in an already challenged market. Trouble abroad could even be felt back home. 'The more that's happening in the macro, the more concerned the consumer in America is going to be,' said Lapinsky. 'We don't see any end to that in the next few months.' Though, starting in March, China began ramping up fiscal stimulus. And much remains to be seen about how the Chinese consumer will react, said Ramírez. Fashion is still in a wait-and-see phase when it comes to price hikes and planning, but the moment of truth could be getting closer. 'Overall retailers are underplaying the effect of what tariffs and inflation are going to do to their sales and EBITDA,' said Prendergast. 'We're advising clients, take the next two years of your revenue and margin plans down, like, take them down and again, use this opportunity to cut costs internally.'
New York Times
7 minutes ago
- New York Times
The life lessons of Sam Long, triathlon's tortoise and hare all in one
A pretty weird thing has been happening these days at the races on the top professional triathlon circuit. Coming out of the water, the big cheers aren't for the frontrunners. The roars come loud for the guy who's almost always in last place after the first leg of the swim-bike-run. That would be Sam Long, a Colorado native who lives and trains in Arizona and, in most races, struggles with competing as an amphibian. Advertisement Put simply, Long, one of the world's top Half Ironman competitors and a top American on the Professional Triathletes Organization T100 Tour, kind of stinks at swimming — relatively speaking, of course. But that would be your thought if you watched Long dragging his water-logged frame out of the drink anywhere from two to four minutes behind the leaders. And then — in a reasonably remarkable display of mental fortitude, leg strength, foot speed and aerobic efficiency — Long starts picking off racers one by one, until sometimes there aren't any more cyclists or runners to pick off. He is the tortoise and the hare all at once. 'A mantra I tell myself is, like, it's not about being the best swimmer, it's about being the best triathlete,' Long said during a recent interview from his Tucson home. 'So I do still have a lot of belief in myself overall as a triathlete.' As well he should. Long, 29, might be the 170th-ranked swimmer on the PTO T100 tour. But he's ranked eighth on the bike and fifth on the run. That tallied to a fifth-place finish on last year's worldwide T100 tour, which has a format similar to auto racing's F1 and races that include a 2-kilometer (1.24-mile) swim, an 80-kilometer (49.7-mile) cycle, and an 18-kilometer (11.2-mile) run. He won three Ironman 70.3 races last year and finished second in the Ironman 70.3 North American Championship last month. The longer run (13.1 miles) and bike ride (56 miles) in the Half Ironman races give him more time to catch the leaders. In the Half Ironman races, where the swimmers are generally not as fast as they are on the elite T100 Tour, which includes just 20 entrants in each race, he can be in the middle of the pack of swimmers and go on to win, though sometimes he pulls off some seeming miracles in those races, too. At the Ironman 70.3 Eagleman last weekend in Maryland, he finished 21st in the swim — 4 minutes, 32 seconds back — then pedaled and ran them down for the win. But every time he enters a T100 race, he knows he is going to be spotting some of the best of the best in the world roughly several hundred yards by the time he gets on his bike. Advertisement That makes Long something like the most extreme version of plenty of weekend warrior triathletes. They've been running since they were toddlers. A good set of lungs, lots of training and a nice bike can make the cycling segment comfortable. But swimming fast is an extremely technical activity that often requires years of practice, preferably from a young age, to develop what swimmers refer to as the ability to 'feel the water.' Long has spent years trying to get to that point, with multiple swim coaches. Hope springs eternal because triathlons often come down to the run. No one wins the race in the water, but you can lose it there. In a pool at the local YMCA, he looks like an elite swimmer. In a T100 race against some of the fastest swimmers in the sport, not so much. 'I encourage him to try to keep things realistic,' said Lara Gruden, Long's wife and a former competitive triathlete herself. 'He will tell me he really wants to make the pack, but that's not a realistic goal. So how about trying to shrink the gap, because when you want to make the pack and you don't, you feel defeated.' And yet, a reprieve might arrive this Saturday. The T100 heads to Vancouver and a swim in the ocean — where currents pushing the swimmers can level the field for a slower swimmer like Long and get him closer to the pack, if the current is heading in the right direction. Also, since Long is so used to swimming alone, he's really good at navigation and finding the most direct route to the transfer station. An ocean swim brings all that into play. The temperature should also work in his favor. He swims best in cold water. Vancouver waters check that box, and the cycling and running courses play into his speed on land. There are lots of rolling hills instead of steep climbs, which are helpful for a bigger athlete who can struggle to drag his body up a steep incline but loves rolling downhill. So why can't Long swim faster? That goes back to his childhood in Boulder, Colo., where he was on a junior swim team but never pursued it in any serious way, not after the age of 10. He played football in high school and ran track, and he skied and mountain biked a lot, too. He didn't swim very much for the next nine years until he tore his medial collateral ligament in a ski crash. Swimming with a pull buoy was the first endurance exercise he could do during rehab. Advertisement He was pretty good at it, and he still loved to cycle and was decently fast. His dad suggested he try doing a triathlon. And then the journey began. He did his first Ironman in 2014. He was just 18. His goal was to break 10 hours for the 2.4-mile swim, 112-mile bike ride and full, 26.2-mile marathon. He finished in 9 hours, 27 minutes, despite being basically clueless about training. The swim never came easily though, and still doesn't, but Jeff Utsch, his swim coach the past three years, has watched him progress. 'He has a growth mindset, and that is part of what makes him who he is, believing he can accomplish things and setting his goals,' said Utsch, who mainly works with masters swimmers and members of the military. 'He's open. He's humble.' To swim fast, you have to remove resistance and increase power, which involves becoming more 'slippery' and understanding what being efficient in the water means. Don't use your arms and legs to position your body. Use them for propulsion. Get the hips up by pressing the lungs and head down. Streamline the body and pull. Be like a boat that planes out of the water. 'It doesn't come naturally,' Utsch said. 'But I have seen people not raised swimming do their best times into their early to mid-40s. I think Sam is going to continue to improve as he gains experience.' That's the physical part. For help with his mind, to learn how to manage swimming in last place without getting depressed, he has turned to Brandon Thielk, a Nashville-based high-performance and life coach who once played independent league baseball and now works with athletes and business leaders. They get together before the season for several days and then do video sessions and calls throughout the year. Thielk tells Long to go get experiences and then unpack the emotions he felt during races. Advertisement 'We're trying to make his system immune to the stress response of the things that emotionally lowered him,' he said. 'It's getting to the core of the issue where he can understand why he feels that way.' Those issues could be anything. A deeply felt inferiority complex left over from childhood, or anxiety about performing poorly and then not being able to support his family financially. Thielk says Long has to constantly remind himself that he didn't start swimming at 4 years old, and he can't get lost in a game of comparing himself to competitors who did. He doesn't have to finish the swim feeling like a king. Neutral is just fine. 'Our goal is to really just get him to the place of when he gets out of the water, he's not at an emotional deficit, where his mindset is not negative, so that he can go into attack mode once he gets onto the bike,' Thielk said. Listening to Long and Gruden and Utsch and Thielk, it's impossible not to draw some life lessons from all of this. Be kind to yourself. Accept who you are. Work on your weaknesses, but don't let them define you because you have strengths, too. We're all works in progress. Long says he has tried to practice a kind of dual existence — his training self and his starting-line self. In the build-up to a race, it's all about wanting to be a better swimmer and working as hard as he can. 'Then once I actually get to the event itself, and I'm standing on that start line, it's like, 'This is where my swim is, I feel good about the work I've done in my swim, I'm going to execute the best possible swim I can,'' he said. 'And then it's also having this overarching belief in myself as a triathlete.' And also a human. (Top photo of Sam Long after taking second place at the Ironman 70.3 North American Championship earlier this month: Sean M. Haffey / Getty Images for IRONMAN)
Forbes
7 minutes ago
- Forbes
Japan's Largest Companies 2025: Rare Interest Rate Hikes Lead To A Volatile Year
Toyota and other Japanese automakers have been hampered by Trump's tariffs. Getty Images Japan's stock market has been on a roller-coaster ride over the past 12 months. Its benchmark Nikkei index reached an all-time high in July 2024, driven by corporate governance reforms and robust company earnings, then crashed more than 25% in less than four weeks on a surprise interest rate hike by the Bank of Japan. Though the index rebounded shortly after, its gains were trimmed in early 2025 as U.S. President Donald Trump ignited his trade war. Japan has 180 companies on this year's Forbes Global 2000 ranking of the world's largest public corporations, down slightly from 182 in 2024, making it the third most-represented country after the U.S. and China. The list weighs market value, revenue, profit and assets equally, using the latest 12 months of data as of April 25. Toyota Motor, the highest-ranking Japanese company, is in a sector particularly hard hit by Trump's sweeping tariffs. The U.S. in early April imposed a 25% tax on foreign-made cars, followed in early May by the same levy on auto parts, a blow to Japan's mainstay industry and its export-led economy. The world's top-selling carmaker slipped three places to No. 14 after its stock tumbled 22% over the year. Though its revenues and profits in the year through December were roughly flat at $309 billion and $34 billion, respectively, Toyota warned that the tariffs would result in a $1.3 billion hit to operating profit in April and May. Some of Toyota Motor's peers suffered even steeper declines. Nissan Motor, long plagued by deteriorating financials, sank 366 spots to No. 707 after its profit in the 12 months through December plunged 76% to $702.6 million. After the cut-off date for the list, the automaker posted a $4.7 billion loss for the three months ended March. Nissan is struggling to restructure after merger talks with larger rival Honda Motor collapsed in February. The failed tie-up, together with the tariffs, relegated Honda to No. 117 from No. 91 as its stock fell 17% over the year. Mitsubishi Motors, whose biggest shareholder is Nissan, tumbled 379 places to No. 1,562 as its shares skidded almost 10%. Companies in the AI space were a bright spot. Billionaire Masayoshi Son's SoftBank investment powerhouse climbed 331 spots to No. 130 on a 425% surge in 12-month profit through December to $5.6 billion, driven partly by increases in the value of portfolio companies such as ByteDance, the Chinese parent of TikTok. SoftBank is ramping up its AI bet, with plans to invest up to $30 billion in U.S.-based ChatGPT maker OpenAI while also investing $100 billion to build AI infrastructure stateside as part of its Stargate Project joint venture with OpenAI and Oracle. The AI boom also lifted Advantest, the world's largest semiconductor testing equipment maker by market share and a supplier to AI-chip giant Nvidia. It scaled 509 places to No. 1,231 as its profit in the year through March more than doubled to $1.1 billion on a 52% surge in sales to $5.1 billion. Other notable climbers included companies in the defense industry. IHI Corp, Mitsubishi Heavy Industries (MHI) and Kawasaki Heavy Industries (KHI) were among the best performers on the Nikkei over the year as Japan ramped up military spending. IHI, an engineering company that makes everything from turbines for power plants to rocket systems for space travel, debuted on the Global 2000 at No. 1,349 after its stock skyrocketed 176%. A more than doubling in MHI stock elevated the company 75 spots to No. 372 while KHI vaulted 513 places to No. 1,331 on a 52% share increase.
