Affordability a 2026 Concern: Amalgamated CEO

Debby Soo, CEO of OpenTable, highlighted that consumers are increasingly prioritizing dining out and the overall restaurant experience during an interview with Romaine Bostick and Katie Greifeld on 'The Close.' This trend suggests a sustained interest in social dining as we approach 2026.

Ryan Serhant, CEO of SERHANT, highlighted a significant imbalance in New York City's rental market, stating that the supply of rentals is insufficient to meet the growing demand. During an interview on 'The Close,' he attributed the high rental prices not to market dynamics but to policy decisions affecting the real estate landscape.

U.S. stocks experienced a significant decline as a selloff in technology shares deepened, reflecting negative sentiment in the market. Analysts Romaine Bostick, Katie Greifeld, Carol Massar, and Tim Stenovec provided insights during Bloomberg's closing bell coverage, highlighting the impact of this downturn on investor confidence.

Richelieu Dennis, Founder and Chair of The Sundial Group of Companies, discussed the New Voices Fund and the challenges of raising capital during an interview with Romaine Bostick on 'The Close.' He highlighted that while the current entrepreneurial landscape presents constraints, it also offers meaningful opportunities for growth and innovation.

Brandon Scott, the Mayor of Baltimore, offered advice to New York's mayor-elect Mamdani during an interview with Romaine Bostick, emphasizing the importance of leading with people and assembling a strong team to tackle housing affordability issues.

Andrew Kimball, President & CEO of the NYC Economic Development Corporation, praised the Mayor-elect's emphasis on affordability, noting its resonance with voters. He highlighted that affordability is a critical economic development issue essential for the city's future stability and growth.

Russ Brownback, BlackRock’s Deputy CIO, predicts a wave of mergers and acquisitions (M&A) in 2026, attributing this to a 2% productivity growth that allows the economy to expand without increasing hours worked. He emphasizes the potential of generative AI to further enhance productivity during an interview on Bloomberg's 'The Close.'

The S&P 500 index reached a new record high, closing at an all-time peak, despite a decline in Oracle shares following disappointing earnings results. This market close was covered extensively on Bloomberg Television and other platforms, highlighting the contrasting performance of the index and Oracle's stock.