what is carl icahn saying?s the feds are now investigating but it is having a financial impact. in just a week shares in carl icahn's hedge fund are down 36% since hindenburg research sure report on may 2nd. he says mr. anderson's modus operandi is to launch disinformation campaigns to distort these images, damage their reputations and individual investors. unlike many of its victims we will not stand by. stuart: tell as how you really feel. lauren: jack dorsey a lock and do you remember the promotional video? hindenburg accused the company of towing the truck up a hill and letting it go down but there was fraud and milton was convicted because of this but now he's going after carl icahn who is an activist icon. i just realized that. and attractive dividend, 18%. hindenburg calls that a ponzi scheme. he's been using money taken in from new investors to pay dividends to old investors. such economic structures to the extent new money is the last one. one analyst, jet -- jeffries, that is interesting. they keep it

carl icahn standing by his -- a record share plunge. the claim is that carl icahn's operations are overleveraged, they are trading at extreme premium to the net asset value. that is the claim from hindenburg research. manus: is the holding company that got spanked yesterday, hindenburg maintained that that 75% overvalued, 200% above its net asset value. we should actually say carl icahn has responded, because this has to do a lot with that he's got loans, the leverage against the holding company. he made public disclosures on this, saying we stand by our public disclosures. we believe strongly in hedging our to mitigate risk, especially in markets that we are living in today. of course that's his initial response to the claim. but there are certain people drawing blood from this story as well that have gone head-to-head with carl icahn in the past. tom: a little bit of schadenfreude coming from bill ackman there in terms of what he's been saying on twitter, that famous head-to-head over herbalife. the team has been busy taken on the ada

bill ackman, one of the targets of a well-known stop a couple of years ago with carl icahn on a is calling and saying the hindenburg recent report is a must look at that drop, shares at icahn down 20%. a loss of more than $10 million, -- $10 million, after hindenburg claimed the company is over. it is a big thing for a famed that -- activist himself hindenburg research says inc. icahn, hasn't made a classic mistake of taking on too much leverage in the face of losses, a combination that rarely ends well. specifically at the highlights of the report, icahn enterprises value is inflated by 75% more, they are raising questions about the size court says it has used a ponzi economic structure. they are claiming money has been taken in from a new investors to pay out dividends to old investors. icahn hit back within hours, saying stand by our public disclosures, we believe strongly in hedging our visions to mitigate risk, especially in markets we are living in today. he is calling the report from this well-known short seller, self-serving, and denies all of its claims. haidi: icahn industries is

we start with short selling hindenburg research taking on carl icahn, accusing icahn enterprises of aorth fall by more than $10 billion. >>> investors pricing expectations for rate hikes by the fed and the ecb and the impact those will have on the global economy and fuel demand. >>> oil coming off its worst day since january. >>> shares of starbucks under pressure despite top and bottom line beats for the most recent quarter. the company's newly minted ceo sticking with howard schultz's revenue forecast despite street expectations of a boost. >>> a similar story for amd despite earnings and expectations for the first quarter. it issued guidance below analysts' estimates. >>> ford confirming it expects to lose about $3 billion from its ev operations this year, announcing yesterday it would cut the starting prices of its mustang mach e by thousands of dollars. >>> and co-found irs of ghouler and deepmind, linked inlaunches a new ai chatbot >>> we're gearing up for the trade day ahead. adp snapshot on the private sector on the earnings front, there will be reports. at 2:00 p.m. we get th

liz: shares of activist investor carl icahn company, icahn enterprises falling nearly 15% at this hourures. bill ackman weighing in on the accusation. what is it like inside of icahn enterprises right now, charlie? >> i should point out at the top, i put a call into carl's assistant, no comment. called carl's residence he thought maybe he might pick up. i haven't heard back. these are my sources that purport to know what is going inside of icahn enterprises. it is owned 88% by carl. there is public float. the guy says carl borrow es against his holdings. sells issue of dividend. he takes the dividend. at some point if he is not performing that ponzi scheme, alleged ponzi scheme would end. carl would say this is a lie by a short seller. he has put out some broad, some very i would banal comments, nothing specific. here is what we know from sources close to the matter what is going on. they are planning, our sources are, sources are telling the fox business network a counterattack against hindenburg research and short sellers. what they told me, look what they did to ackman over herbalif

you know carl icahn, billionaire, his company, icahn enterprises, are being investigated by the new yorkto the journal. icahn industry, they say that they have been asked for information from the southern district for corporate governance issues, capital, dividends and valuations. that request came last week just a ea athe after the famed short seller hindenburg research accuseed icahn enterprises of overestimating their values. hindenburg, they've hurt a lot of famous rich billionaires around the world, nikola's founder, trevor millon the, who's been convicted on securities fraud x. and many reaction to this, you heard icahn enterprises, hay actually broke down the value of some of their -- wrote down the value of some of their real estate holdings just in case. carl icahn just said a few minutes ago he is in compliance with taking out these personal loans. the stock is down by a third. also they said they lost more money which was a surprise to start this year, but they will still pay out that $2 a share dividend which is the main reason why people own icahn enterprises, and hay still

this is bloomberg. ♪ shery: carl icahn's investment firm plunged in a record one. fter convert research reported. su keenan is with us. we call this battle of the activists. >> this negative report is entitled icahn enterprises, the corporate leader throwing stones from his own glass house. one of his formal battle participants, rival ill ackman, tweeted about the karmic quality about this report. you are looking at the stock price which dropped dramatically as the report hit. it was a hit his personal fortune as well. this after hindenburg claimed that his company is overvalued. carl icahn, known for starting a cash many a corporate brawl, is accused of a lack of transparency. the report says, you think icahn has native classic -- has made a classic state. a combination that rarely ends well. specifically, hindenburg, the activists short seller, is saying icahn enterprises value is inflated by 75% or more, raises questions about the size of dividend yields, and the way it has been financed. it says it has a ponzi economic structure. icahn hit back with his own crit

i want to switch to carl icahn. that is my best imitation this feud is heating up. rump carl is doing the same thing with hindenburg and ackman. from what i understand, the quote i got, can we put it up there? there it is. that's the quote i hear carl is telling people. revenge is best served cold. at the right time he will make his move. liz: it's dish, it is a dish best served cold. >> whatever. but you get is going on here. >> whatever. >> he is coming for him at some point. it's matter of timing. i should point out i did not hear that from carl. i spoke with people that know him. carl, i want you to please come on the show with me and liz. i want to hear the gravelly voice that talks like this. i want to hear him say i will stick it to hindenburg and make them squirm. anyway, one of the things on the table as we reported last week, semifor came out and basically parroted our story could do a stock buyback and do a short squeeze. that being shorted that stock is thinly traded controls 85% of available float. if he bought it all, that would create a pretty big shor

so much for bill ackman and carl icahn burying the hatchet. that hug now a distant memory, because billionaires are back at it. shares of eicahn's firm droppin to lows not seen since 2004, after ackman echoed allegations, tweeting iep premium has been sustained by a large dividend yield, which is not supported by operating cash flows the yield is generated by returning capital to outside shareholders, which is in turn funded by the company selling stock to investors he goes on to say that he is neither long nor short iep stock. icahn responding, saying that, quote, taking advice from ackman concerning short selling is like taking advice from napoleon or the german general staff on how to invade russia, end quote. karen, what do you think >> it's fascinating, i mean -- so many parts of it, the hindenburg thing, it's such an interesting target to go at when you have one very large holder, right? and it is such an interesting structure, so the stock is, you know, obviously gotten killed since the hindenburg thing came out. it rallied when icahn s

i'm reading this story and you're seeing carl icahn admits mistake with bearish bet that cost $9 billiont can pick the market on a short-term basis and maybe i made the mistake of not adhering to my own advice in recent years but this is a trade that went back to 2017, 2018, and of course the first quarter this year, and it's not that i'm trying to diss carl icahn, all i'm saying is that, you know, it's time for some humility out there. these masters of the universe, drunkenmiller is afraid of everything but in there bying like crazy, paul tud or jones has been negative for three or four years so maybe we'll all just sit back and try our best. that's all i can say. right, liz? liz: sitting back, and trying my best. right now. i'm sitting back so far, they don't want to take the shot. [laughter] charles: [laughter] straighten up, liz, straighten up. liz: you've got it. thank you, charles have a good weekend. we've got a fox market alert. so much for the moment in the debt ceiling stocks,

the future starts now. >> we'lllcome back hedge fund manager is coming after carl icahn on twitter thisad smaller exposures. all it takes for one lender to break ranks and liquidate shares or attempt to hedge before the house comes falling down the tweet caused shares of the hedge fund to drop below $19 at one point. joining us now, liz hoffman. i thought this was over after he herbalife, but maybe there is something under that battle that never went away. >> yeah, very 2013 vibe to it, doesn't it you i think a little more civil this time. he has become a pretty frequent -- weighs in on twitter on a bunch of controversial things so not surprised to see him pop up >> with a do you think the reality is though of the troubles at icahn? >> it is clear that iep has been playing out diffevidends unsupported at cash flows and trades at a massive premium. they usually trade at a discount or slight premium to book. i think book value is around $15 or $16 a share, but still trading for more than the sum of its parts. if the stock continues to fall, he could have a real problem which is that he ha

regulated company with a higher yield that will take place over the course of the whole year and carl icahnin a fight for his professional life right now and i don't think particularly focused on taking it public. the stock didn't perform so it's another situation where, look, not everything you do works. this is one of them. i'm out and i'm more liquid now. >> the headlines with bertha coombs >>> a federal judge has been urged to deny a request by sam bankman-fried to dismiss charges. in early may the former cryptocurrency billionaire filed a motion asking the judge to dismiss most of the 13 counts against him saying prosecutors charged him in a rush to judge the judge will hear argumentments june 15th. a satellite is crucial for monitoring the united states military exercises is came a day after the coast guard was alerted. new data from china shows urban unemployment for 16 to 24 hit a record more than 20% in april, four times the broader unemployment race. at least a quarter of college graduates are underemployed in low paying jobs below their skill level. back to you. >> bertha, thank

. >>> and carl icahn's holding company authorizes a $500 million buyback. time the company has a formal repurchase since 1987. >>> and s&p global dowgrading u.s. bank from a plus to a as it gains market share. >>> and china's biggest chip maker is out with results and posting the sharpest revenue drop in more than a decade as weak demand for electronics is hitting the top line the company issuing a dim outlook for the year seeing no signs of the full market recovery >>> apple continuing expansion in the asia pacific reegion it will open the first store in vietnam next week. >>> and macon y consumer figuret next week and a thrio of speechs from the fed heads we are awaiting the fed balance sheets which is out at 4:15 p.m. with that on tap, let's get a check of the markets and futures. futures in the green dow opening up 150 points higher s&p and nasdaq also higher joining to discuss the trading day is head is scott ladner. scott, good morning. >> good morning, frank. >> we ask the brightest minds to describe the trading day ahead scott, what is your "wex" wo

. >>> reuters always reporting that carl icahn is set to put one of his three nominees on the illuminahareholders can change their votes until the company's annual shareholder meeting later today. icahn accused the board of poor oversight, especially over the $7.1 billion acquisition of grail. >>> and rocky start for ron desantis' entry into the 2024 presidential race. desantis tapping elon musk's twitter for the big unveil which was derailed by a host of tech technical glitches the technical director was supposed to introduce the event and was heard saying the servers are melting. frank. >> bertha coombs with the headlines. thank you. >>> turning to washington now and the latest in the debt ceiling talks. fitch putting the u.s. aaa long-term currency default rating on negative watch the agency citing the standoff of the negotiations. >> first of all, let me tell the american public, i'm not going to give up we are not going to default. we're going to solve this problem. i will stay with it until we can get it done. let's be honest about this we have to spend less than we spent last ye

carl icahn's holding company authorized the buyback equaling 27% of his shares trading on the open marketntially boosting the stock price, as he feuds with hindenburg research. the short seller has hit again at ichan enterprises. the corporate failed to disclose enough in response to questions raised in its earlier reports, according to newburgh. plenty more to come. this is bloomberg. ♪ haidi: we have some breaking news out of new zealand, the business new zealand manufacturing pmi doing better than the previous reading, climbing to 49.1 from 48.1, still under the 50 level that separates expansion from contraction for april. this, as we see some signs of food inflation coming down for new zealand. but there are still expectations of potentially that we will see further tightening from the rv and said. -- rbnz. he was giving his prebudget speech saying there shouldn't be inflationary tax cuts. with the manufacturing pmi seeing weakening of the qb economy. jamie dimon says regulators should do whatever they need to do to end the banking crisis, in an exclusive interview with france will --

that is how much carl icahn has reportedly lost in two days since the scathing short seller report we'llia shield. trying to protect your kids online is it too little too late? is jeffrey

carl icahn's firm discloses a federal inquiry. u.s.re seeking information on government security offerings and materials. separately, the firm hit back in detail for the first time against a report from shortselling hindenburg research, which i'm to the company had inflated evaluations for assets. smart -- softbank's mobile unit sets up a clone of chatgpt. they employed about 1000 people to work on the tech at the company did elaborate on its process. this follows a weighing of u.s. and chinese companies in the race to create next-generation ai. that is the bloomberg business flash. coming up, u.s. treasury secretary janet yellen issuing a warning at the g7 meeting. we will bring you her comments next. this is bloomberg. ♪ tom: happy thursday and welcome back. we are 53 minutes into european trading day. another big day for the european central bank's, the boe set to hike by 25 basis points. gains of 0.6 percent across the european stoxx 600. futures in the u.s. also up 0.3%. a couple of individual stocks on the move. a solid set of re

carl icahn's investment firm plunged after disclosing a federal room -- federal inquiry into its practicesfirm hit back in detail for the first time against a report from short seller hindenburg research, which claimed the company had inflated valuations for some assets. u.s. lawmakers george santos has plead not guilty after being arrested on fraud and money laundering charges. the congressman was released on a i've hundred thousand dollar bond and continues to face calls from both political parties to resign. the 13-count indictment also alleges theft of public funds and making false statements to the u.s. house of representatives. santos says he believes he is innocent and still plans to seek reelection. global is powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. haslinda: the adani group selling new stock for the first time since they hindenburg report. we get details from our equities reporter in mumbai. keep it here with us. this is bloomberg. ♪ that's what you get from the morgan stanley client experience. you get listening more than t

carl icahn's holding company has authorized a buyback equaling almost 27% of his shares trading , onhe open market. this potentially boosts the stock price as the financier fueds with hindenburg research. meanwhile, the short seller has hit again at icahn enterprises. it says they failed to disclose enough in response to questions raised in its earlier reports. global news powered by more than 2700 journalists and analysts in over 120 countries. i'm sarah and this is bloomberg. tom: thank you very much. a couple of lines dropping from the recently appointed new head of the ubs which is combining credit suisse. sergio ermotti is giving details around the time for closing that deal. he is saying they are on track to close the deal within three months from the announcement, saying that all off corner -- earners integration is important. sergio ermotti says merger does not create a bank that is too big for switzerland. that remains a concern. francine: we heard from the chairman who has always been plain speaking with the markets saying it takes months for the transaction but the integra

shares of billionaire carl icahn's diversified holding company are falling.pany's latest target of a short call by a hindenburg research. it gain prominence this year after it issued a blistering report. emirates airline plans to order more aircraft in the coming months as demand for travel rebounds. the world's biggest long-haul carrier has back loans from new aircraft from boeing and airbus. their president did not say which manufacturer could be tapped for the new planes. they said the carrier won't be able to restore its pre-pandemic network until the middle of next year. uber reported first-quarter earnings that beat estimates and consumers continue to spend more on rides and food take despite rising prices and uncertain economic outlook. uber saw fewer than the trips estimated. that's your business flash. alix: it's 23 past seven on the west coast and we cover the top tech stories from the bay area3 joining us now is ed ludlow. the sun is not quite up yet but let's talk about uber. why was this such a surprise? ed: the first piece of breaking news is th

i think they've been constructive carl icahn is still a friend i saw him for dinner several weeks.it the company, he made money, all's well that ends well. >> and you've done quite well as well it's good to have you here. >> thank you for having me. >> greg brown, ceo of motorola solutions. that's going to do it for this awonhetrt.quk t see stay with us for the next hour dad, we got this. we got this. we got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this! let's partner for all of it. edward jones >>> good friday morning. i'm carl quintanilla and morgan bre brennan. the ceo of fifth third as contagion fears sweep that sector, we'll ask him about the stability of the banking system in a moment and the role he thinks these short sellers are now playing. >>> then one of the big earnings movers of the morning. the ceo of expedia joins us first on cnbc as hot travel demand continues to be a

>>> welcome back shares of carl icahn's falling today after the southern district of new york has contacteded to some of the accusations made in a recent short report from hin denyberg iep saying it is cooperating with that request providing documents in the inquiry important to note the u.s. attorney's office has not made any claims or allegations against mr. icahn. i reached out to mr. icahn for comment. his attorney pointed me to a separate statement in which mr. icahn says, quote, we will not stand by idly. we intend to take all appropriate steps to protect our unit holders and fight back. mr. icahn also defended the firm's balance sheet saying they have $1.9 billion of crash and $4 billion of additional liquidity and stands ready to take advantage of all opportunities, quote, iep intends to vigorously defend itself and its unit holders. mr. icahn went on to say >>> up next santoli with his "midday word." you got this. let's go. gobble gobble. i've seen bigger legs on a turkey! rude. who are you? i'm an investor in a fund that helps advance innovative sports tech like this smart fitness

a bombshell from short seller hindenburg research revealing a short position against carl icahn.nburg report says iep has significantly inflated the value of its assets that it trades at an unreasonable premium to its holding company saying iep trades more than 200% premium in compared to the third point which they contend each trade at a discount. hindenburg contends it is inflated by at least 22% due to overly aggressive marks and underperformance it contends is continuing they take aim at three iep units, real estate, packaging and automotive parts hindenburg goes after iep's dividend yield of 15.8% saying it, quote, equates to an absurd 50.5% of last reported indicative net asset value the dividend is unsupported by the cash flow and investment performance which they say has been negative for years. hindenburg says iep has suffered additional losses since this last disclosure. they say they expect icahn to cut or eliminate entirely barring what it calls a miracle turnaround in one of the most explosive passages hindenburg says in brief icahn has been using money taken in from

to 2017, 2018, and of course the first quarter this year, and it's not that i'm trying to diss carl icahn, all i'm saying is that, you know, it's time for some humility out there. these masters of the universe, drunkenmiller is afraid of everything but in there bying like crazy, paul tud or jones has been negative for three or four years so maybe we'll all just sit back and try our best. that's all i can say. right, liz? liz: sitting back, and trying my best. right now. i'm sitting back so far, they don't want to take the shot. [laughter] charles: [laughter] straighten up, liz, straighten up. liz: you've got it. thank you, charles have a good weekend. we've got a fox market alert. so much for the moment in the debt ceiling stocks, republicans announced they press ed the pause button on their negotiations with democrat s in the white house over raising the nations borrowing rate. just look at the intraday charts we'll show them to you here over the major market indices all opening higher but you could see just shortly after 11 a.m. eastern they turned around. they reversed when speaker of

susan: carl icahn was? he's a raider. bavarians at gate, that's what they call him.ery much, indeed. china is indeed preparing for a new wave of covid. they could see 65 million cases a week in june. the white house was pressed on what we know about it. roll it. >> i don't have any conversations to speak from, to speak of at this time. of course, we're always monitoring, that's something that we do when things like this occur. >> reporter: does the u.s. feel like it's getting accurate information as a it relates to this wave of covid in chinasome. >> i can't give an official comment on that, but certainly this is something that we continue to monitor. stuart: well, kjp didn't want to the go near that one, did she? joining us now is dr. marty makary who is with us this morning. what do you know about this new outbreak in china? is it a new variantsome. >> it is the xbb variant with, it's a variant which is the dominant variant worldwide right now. we're seeing mild disease in china right now. we are seeing mass infections, and it may be that 85% of the entire populati

ask you, we've seen weakness in the stock lately there's been this drama around icon enterprises carl icahna big shareholder of yours have you spoken with him there has to be speculation he's selling down his position? >> i talk with all investors, large, small, jpmorgan investor conference this week, potential investor in the future we just had our shareholder meeting. we had overwhelming support for myself, the team and the strategy yes, we talk to carl, we talked to all of our investors today. we have overwhelming support by our shareholders in terms of the strategy i just described. yeah, we're very supportive and we continue -- >> but you don't know if he's selling down the position? >> you have to ask that -- >> i tried >> steve, thank you very much. >> thank you, sara, thank you, carl. >>> atmus filtration spun off from cummins, now open for trade, pricing at 9:50 up omont a to the ceo in colef mes. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your j

joining alongside carl icahn on the negative side let's take paramount down 5%, cutting 25% of its workforceting down, get this, mtv news end of an era. we're backft ts. aerhi ♪ imagine, a car that goes as far as it does fast. as sleek as it is spacious. as smart as it is beautiful. introducing lucid air. experience the best. ♪ ♪ (cecily) you're looking pleased with yourself. (seth) not to brag, but i just switched to verizon. (cecily) so you got an awesome network... (seth) and when i switched, i got to choose the phone i wanted. for free. not bragging. (cecily) you're bragging. (neighbor) oh, he's bragging. (seth) who, me? never. oh, excuse me. hello, your royal highness, sir... (cecily) okay, that's a brag. (seth) hey, mom. i gotta call you back. (vo) visit your verizon store during our spring savings event and choose the phone you want, like the incredible iphone 14, on us. verizon >>> welcome back to "power lunch. though it marks a significant day in the covid-19 pandemic, more than three years of a public health emergency come to an end the biden straights will allow the emergency decl

look bigger picture, carl icahn now, price discovery, unless the federal reserve holds interest ratesgenerations charles, we'll not have to see price discovery occur in private equity. i think that is really what they're holding out for because that would actually make the fed more independent. in its ability to set interest rate policy and take that power away from wall street always pushes it to ease just in time for it to say, calpers, you big public pensions, you don't with to mark-to-market. you can continue marketing to target the way we prefer it to be case because we drive monetary policy, not the fed. i think it is time to kill the fed put and put independence back at the federal reserve. charles: we'll see if it happens. i hope so as well. danielle thank you very much. >> thank you, charles. charles: speaking of weakness i think the nfib report doesn't get enough coverage from the financial media. my next guest taking a look at this thing. he ripped it apart. i think the real story is not very encouraging. euro-dollar university show host, jeff snider. what is the biggest ta

short sellers turning the screws on carl icahn.kman is reviving his billionaire feud with icahn. target pulling mere. from stores due to customer backlash now there is a backlash to the backlash where will this all end? >>> and right

well, this is interesting, the shoe is on the other9 foot for activist investor or carl icahn at this dropping 20.25%, touching a 3-year low after famed short seller hindenburg research said the company is overvalued and that icahn is operating a, quote, ponzi-like economic structure. icahn enterprises issued a statement denying hindenburg's short selling report and said, quote, we stand by our public disclosures. >>> investors are sipping up molson coors at this hour after the brewer posted first quarter profits that more than doubled expectationses. that's good enough for a 7.5% pop here. sales also topped expectations, ruing more than 6%. -- rising more than 6%, benefiting from price hikes and continued demand for brands across its portfolio including newer, innovative lines simply if spiked. >>> uber getting a big lift after reporting first quarter results that beat estimates. it's jumping 10.6%. while the ride-share giant did post a loss of 8 cents a share, i mean, the company is not profitable, it was slightly nay narrowerrer than the 9-cent loss expected. revenue did decline to

the most important thing that happened yesterday, carl icahn said i got it wrong. how many people feel like him this morning? i think a lot of people miss spx 4200. jonathan: michael hart, it will be so unbranded for stocks to up into a recession. suck them in before the hard landing. lisa: he is not wrong. have they already been suck in? has it come in tech sectors, particularly those tied to ai? where has the pain been? perhaps index level looks one way but kbw regional index down 20% year to date. this is not been a consistently range bound market under the surface. tom: amy wu silverman -- what is going on beneath the surface. the bigger picture. the peak of 2021, how far down are we? the answer is we have come back a long way but still we are beneath where we were. nasdaq down 16%. we got further to go to hill. jonathan: do you want some games? nvidia of 100%. meta up 105% year-to-date. it was all about the name change. on the equity market we are just about a positive. going into the weekend looking for more gains positionally. yields on the bond market just

verizon >>> an update now on a proxy battle with carl icahn it believes it has the right team to deliverlls, no independence from icahn it's urging supporters to reject icahn's nominees and accuse francis desouza of destroying $50 billion in shareholder valley and he's been critical for illumina for following that position despite the company regulators >> andrew, just a comment on this no mention in this letter of carl icahn for the ponzi-like structure. that took off like 20% of his company that day to me that's kind of a remarkable level of restraint to not mention any of that, taking the high road, but probably more restraint than i would have taken myself >> implied, though, because you just implied it. >> well, i did but i read through the release and went wow. >> in its omission it's glaring. >> potentially, yeah >> meantime, our next guest's latest -- >> they didn't point that out to me i saw that myself. >> you thought about it immediately. >> our next guest examines whether bank short selling should be banned liz hoffman in the piece that she writes, quote, short sellers have m

carl icahn's fortune tumbles more than $10 billion as it becomes the latest target of short seller hindenburg research. rishaad: we are looking at possibly 25 basis points at the moment on the table. some of those bets have been rescinded to some extent. if we get that it would bookend one of the fastest technique campaigns in 109 years of the fed's history. we are looking at regional banks. the ruckus they are causing on markets. yvonne: it is surprising we thought after this first republic rescue from j.p. morgan we put the banking was aside. you continue to see the contagion risk when it comes to pac west falling as much as 15% overnight. the weight on the whole market weather is treasuries, the bid to safety. as i mentioned, the swift pricing we are seeing when it comes to fed expectations, this week and what is going to happen later on today could be the same. this hike. we are seeing back-to-back hikes being priced up. rishaad: commercial real estate loans. the amount small u.s. banks hold, 70% here. this is not really helped by the yield curve inversion which works against those who bo

these guys don't stop at hindenburg yesterday, we had carl icahn's response to a certain extent to at that took down his holding company. enormously in value. but -- there it is just to give you a look there. >> wow >> down again today. >> wow >> down yesterday in part because they said the u.s. attorney apparently read the hindenburg report from may 2nd and decided to take a look around nothing has come of it, other than they're investigating at the u.s. attorney's office, but they did the same thing with nikola hindenburg put a report out and the u.s. attorney in the southern district said, that's an interesting read. let take a look. >> if you're a u.s. attorney, why would you not? it's not fair to icahn, frankly. >> no. that's what our law enforcement is doing they're looking at short reports, going, oh, that reads interesting. >> they're not getting -- >> by the way, they got convictions on nikola, so trevor is -- he got convicted >> i get a press release from them literally every day >> back to hindenburg and iep. why am i mentioning it they focused on the latest filing from th

phil ackman says hindenburg has outed the way billionaire carl icahn runs is publicly traded company.el since 2009. he said icahn enterprises reminds him of the family office that blew up in 2021. global news powered by more than 2700 journalists and analysts in over 120 countries, this is bloomberg. ♪ ♪ (upbeat music) ♪ ( ♪♪ ) ( ♪♪ ) ( ♪♪ ) -awww. -awww. -awww. -nope. ( ♪♪ ) constant contact delivers the marketing tools your small business needs to keep up, excel, and grow. constant contact. helping the small stand tall. and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com >> i would say all of the soft data but predominantly manufacturing pmi will understate moves in the actual data in the economy to real gdp growth. we are still facing, it -- we are not entirely out of the bottleneck. jonathan: cool to catch up with citibank. let's get to the latest price action in the equity market. on the s&p 500, equit

ouch and investor carl icahn, reuters cited sources on a preliminary vote tlyal his iep has lost halfweeks we're back with "squawk" after this we're here today to set the record straight about dupuytren's contracture. surgery is not your only treatment option. people may think their contracture has to be severe to be treated, but it doesn't. visit findahandspecialist.com today to get started. ♪ ♪ every day, businesses everywhere are asking. is it possible? with comcast business...it is. is it possible to use predictive monitoring to address operations issues? we can help with that. can we provide health care virtually anywhere? we can help with that, too. is it possible to survey foot traffic across all of our locations? yeah! absolutely. with global secure networking from comcast business. it's not just possible. it's happening. >>> welcome back to "squawk box," everybody. we've been watching the futures and, wow, this is not like watching paint dry today we were seeing a lot of activity, some in different directions dow futures off by about 70 points, s&p up by 30 but it is the nasd

storied activist investor carl icahn's company, a stock buyback, 27% of shares, after losing more than buyback marks the first time the company has adopted a formal share repurchase program since 1987 that's according to regulatory filings. now icahn enterprises is up 2.5% pacwest, in the wake of yesterday's stock plunge, tied to fresh quarterly file ings saying it lost deposits in the week ending may 5th due to reports of looking into strategic alternatives in investor capital after a 23% drop yesterday, shares are up right now about 1.75%. watch western alliance, zions, comerica, all of them, of course, had outsized losses yesterday and are trying to bounce back modestly from a relative basis so far premarket, joe. >> all right very good, dom thank you for that we'll see you again soon >> you got it. >> okay. >>> our next guest says the market is acting very skittishly in light of the ongoing debt ceiling negotiations joining us the managing partner at dcl and cnbc contributor. always good to see you >> good morning. >> i would have thought you would have said the markets are fairly

carl icon and his floats. just remember that's what's hanging out out there. if he doesn't have the money that's another story and we'll figure out who is right or wrong. icahnou know this was erroneous. this is a very small float out there. thought a lot of shares. if he bought them all, you are screwed. lauren: he went after jack dorsey of block square. charlie like a lot of short sells, there is a wreck that they manipulate the market. they cash out and move on. i am not saying i agree with that. but the other reputation is sometimes they do good work. i don't know where i come out in this. if carl buys back the stock, it will be a short squeeze. lauren: icahn is an icon. charlie: maybe they are right. i am not saying they are right. i don't know. lauren: they were right on nicola. charlie. i want to switch to desantis. i was on that call, maybe you were, maybe you weren't. if you weren't looking at your watch saying how much longer will we have technical difficulties. he was sitting there for half-hour before he started talk. but raised hard money from individual investors. that's the money you can do whatever you want with. it doesn't have to be for a s