this is what icahn had to do he had to put up 320 million depository units of iep.2 billion of interest owned by mr. icahn, essentially his hedge fund pretty tough pretty tough you know, my understanding was, this has been a kind of going on for a while, and you can see the stock had crept up a bit of late on expectations that mr. icahn would be successful in this restructuring, essentially, of his loan obligations, but jim, they got a lot, the banks, and my understanding is he approached private equity, seeing what was available there as you probably would expect him to in terms of a potential new capital or deal of some kind but ended up just doing a renegotiation with his banks that, again, when you look at what he has to back them by and what he's agreed to, clearly significant. nonetheless, being, as you would expect, applauded by investors the dividend stays in place. >> okay, that was what i wanted to ask you still get that big dividend. >> the dividend yield is 24% it stays in place. he owns 85% of the shares. he pays himself in stock, pays the 15% in cash a

billionaire paul icahn makes a move to untie his personal loans.tails on that story coming up. take a look at the market the dow is down i'm sorry up 173, it is a monday. the dow was up 173 the s&p is up five mana. ♪ ♪ i have type 2 diabetes, ♪ ♪ but i manage it well. ♪ ♪ it's a little pill with a big story to tell. ♪ ♪ i take once-daily jardiance, ♪ ♪ at each day's staaart. ♪ ♪ as time went on it was easy to seee ♪ ♪ i'm lowering my a1c. ♪ jardiance works 24/7 in your body to flush out some sugar! and for adults with type 2 diabetes and known heart disease, jardiance can lower the risk of cardiovascular death, too. jardiance may cause serious side effects including ketoacidosis that may be fatal, dehydration, that can lead to sudden worsening of kidney function, and genital yeast or urinary tract infections. a rare, life-threatening bacterial infection in the skin of the perineum could occur. stop taking jardiance and call your doctor right away if you have symptoms of this infection, ketoacidosis, or an allergic reaction, and don't take it if you

icahn and the banks finalized an amended loan agreement sunday that untie his personal loans from theing price of his company shares. a key risk raised by the short-sellers. that increases his collateral and sets up a plan to fully repay the loans in three years. coming up on the program, reading together a success. we will discuss the outlook for meta's new app and its challenge to twitter. this is bloomberg. ♪ 76 23andme health customers surveyed reported taking healthier actions. more exercise. eating healthier. and simply getting more sleep. because they know health isn't just a future state. health happens now. with over 150 personalized genetic reports from 23andme you can start your dna-powered health journey today. dani: meta ceo mark zuckerberg says 70 million users signed up to his social media app in two days. threads ranks number one on free apps on the apple store, but will the new platform succeed in knocking the blue bird off its perch? here to join us is alex webb. did you both get threads? you can tweet, or thread? >> it was fairly banal. dani: my confucian centers ar

icahn not commenting when i reached him earlier today.ew push to tighten rules and raise capital requirements on some banks. leslie picker is here with those details. les? >> hi, scott the recent capital standard stems from a vice chair for supervision that michael barr gave earlier today it applies to banks with 100 billion or more on assets and that's the lower threshold than the current 700 billion. it was equivalent to the largest banks to hold 2% of capital. the scope is appropriate because, quote, the risk of contagion implies that we need a greater degree of resilience for these firms than we previously thought, a nod going back to the march and april events when we had turmoil in the mid-sized banking sector notably, barr is proposing that firms with $100 billion or more account for unrealized losses and gains for sales you are skooits securities, and this was with silicon valley bank because they realized losses with the portfolio without having the capital to back it up which the fed says triggers that run on the bank the propos

i know i do and the other one is karl icahn he was really being attacked by short cells it looks like he's come through that, what you thing about the two stocks. >> let's talk about home depot a lot of people aren't moving if you have the three to half or 4% interest rate, i'm not moving anytime soon because of that. home repair is going to be something that people focus on, homebuilding is huge as millennial's are moving out no inventory home depot has been a stock that is battled a few backorders over the last year but it seems like it's got its act together demand will be there in karl icahn i don't like to comment on karl he went through a lot with a short report coming out the stock went from 55 down to 18 close to 28 coming in today after 33 the last i checked and is restructuring loan payments and looks like is figuring it out. you never count the man out he has a lot to reverse in the 50 day moving average that is a positive first step we can get it to 35 and above we slowly make progress, that was a gut punch for him. >> reaches you, thank you for coming in. finished giving

the report says icahn increased clo collateral and set up a loan to repay in three years in may, you may recall hindenberg research sold at inflated prices and the stock was vulnerable because icahn inflated the price with the pledged shares as collateral against the loans division >> it is a lot >> it is i don't know what he is spending it on. i have known the him a long time 85 >> i guess we're all getting up there. give it time >> it's all relative let me see i guessed 85 he is 87 it is two years more than i remember >> time has a way of doing that. >>> we have an update on the strike in the canadian ports talks resumed. new data from the exporter group said the strike is disrupting the movement of $384 million of trade a day. >>> and senator chuck schumer is calling on the fda to investigate prime. thought the amazon thing energy drink brand founded by youtube stars including logan pa pa paul logan roy? no, logan paul >> i didn't realize this drink had this much caffeine in it >> neon colored energy drink with 200 milligrams of caffeine. equal to six cans of coca-cola chuck schum

shares in icahn enterprises have jumped their highest since may after its restructured loans.ck had fallen by more than half in may after a hindenburg report said the company was overleveraged. warren buffett has taken control of the liquefied natural gas export project in maryland. it has agreed to by dominions energy stake, boosting its limited partnership ownership to 75%. the deal gives berkshire control of one of just seven operational lng plants in the united states. this is bloomberg. ♪ we moved out of the city so our little sophie could appreciate nature. but then he got us t-mobile home internet. i was just trying to improve our signal, so some of the trees had to go. i might've taken it a step too far. (chainsaw revs) (tree crashes) (chainsaw continues) (daughter screams) let's pretend for a second that you didn't let down your entire family. what would that reality look like? well i guess i would've gotten us xfinity... and we'd have a better view. do you need mulch? what, we have a ton of mulch. f some of the top stories we are following. the kremlin says russian p

she is a cultural icahn and a flashpoint. what is the goal with the new barbie movie?ne has a relationship with barbie. everybody knows who barbie is. she is probably the most famous woman in the world. she has been to the moon, she has been president, she has done all of these things women aspire to be. i think in hiring somebody like greta gerwig, who i think is a brilliant filmmaker but she has a singular vision and an authentic voice as a filmmaker. bringing somebody like that who has just kind of a different perspective that is outside of the box that will do something differently to something like rv, i feel like that is when greatness occurs. emily: this is barbie's first film release in her 60 year history. why was now the right time? >> it is interesting that of all the movie mattel filmed since we started on this journey 4.5 years ago that this is the first movie. you would think in a lot of ways that is a lot to live up to because it is an open-ended conversation. she is an open-ended conversation. what is that movie? greta had this idea. we met with her and

. >> activist investor karl icahn is fighting off the research short seller report that accuses companyn more or less overleveraged that's what the wall street journal is reporting the icon has renegotiated the loans and therefore the stock is up 17. stuart: i see carver which is aaa for mediterranean food. >> this is the company this is susie and you said what is to seek esau's and i said is big on the menu, you don't remember this. >> i highly recommend it, mediterranean. stuart: you like it during the stock. >> it's had such a big move off the ipo but that's a good sign the capital markets are reopening. a bullish sign. >> ipo $22 the stock is at 43 now the brokerage that underwrote the stock or initiating coverage in their all advice with beautiful commentary about how the company is gro growing. >> too much optimism. stuart: exactly. thank you. a doctor at yale says all healthcare providers should be forced to wear body cameras so they can be punished if they are racist. doctor marc siegel is going to react to that. i don't how is going to react but he'll react later on the show pr

all brand-new elon musk unveiled the new icahn overnight crawford's michael thomas live in the newsroom too. unveil it for all of us in the morning and michael. yeah, good morning, everyone. well, twitter owner elon musk mentioned plans of making the change early sunday and by this morning rebranded everything with x dot com now pointing people directly to twitter dot com. take a look. >> this is a new logo that is x and it's replacing twitter's iconic bird logo that was established back in 2006 and it's overnight rebrand from musk comes less than a year after buying the company for 44 million back in october. at that time, he said the company was facing serious ad revenue losses and was near bankruptcy and he made changes that led to mass company, layoffs and half a billion dollar lawsuit over promised severance pay. so this new logo that was shining bright last night on the headquarters yesterday was not shining this morning around 04:00am when i went by and the original twitter sign is still there hanging now, the change comes just weeks after facebook, parent company meta launched i

iep, a fascinating story, the carl icahn enterprise company, up more than 9% because a wall street journal he has finalized agreements to decouple his loans from the share price of his company. basically, the fair was he had leveraged some of his purchases backed by the shares of his company. the more they went down, the more he could be susceptible to margin calls i could potentially spiral the shares lower. they came out and basically said we have facebook grab here and are not going to be -- said we have a start grab here and not going to do that. tom: too much information from lithium and and -- from lithuania. jonathan: six a death of having these expensive ev's -- sick to death of having these expensive ev's shoved down our throats, and no one can buy one. i understand industrial policy, and that is interesting. i see that in many circumstances, and get one if you want one, but the idea that you will save the world by dumping this kind of cash into a massive hummer, i don't get it. lisa: i think the size of the vehicle is important and you are right on that. there is a question of ho