Stocks Slide as Tech Shares Reverse After Earnings | Closing Bell

Srini Gopalan, CEO of T-Mobile, discusses the company's investment in Formula 1, particularly its sponsorship of the Las Vegas Grand Prix. He also highlights the '15 Minutes to Better' program, which allows customers to switch carriers in just 15 minutes. Gopalan shared these insights during an interview with Romaine Bostick and Katie Greifeld on 'The Close.'

Jenna Lyons, designer and partner at FUNDAMENTALco, and Jonny Bauer, former global head of brand strategy at Blackstone, discuss their initiative to rebrand private equity. They aim to integrate brand thinking earlier in the value-creation process, focusing on potential future developments for companies and aligning investors with management around a shared vision.

Mickey Drexler, chairman of Alex Mill and former CEO of J.Crew Group, has stated that the retail landscape is increasingly promotional. In an interview, he highlighted that the rise of private-label brands and ongoing discounting practices are undermining product integrity.

UBS forecasts an increase in credit stress in 2026 as borrowers face challenges from inflation, rising interest rates, and a weakening consumer base. The private credit sector is expected to experience significant defaults, indicating a troubling trend for investors and financial markets.

Mexican real estate investment trust Nearshoring Experts & Technology SC raised approximately $400 million in a share sale, which fell short of the targeted amount due to a last-minute decline in international interest, according to sources familiar with the transaction.

John Flavin, CEO of Portal Innovations, reports that the company is witnessing an increase in funding from sources beyond traditional government and venture capital. In an interview with Romaine Bostick and Katie Greifeld on 'The Close', he highlights that states are becoming more proactive in investing in innovation.

Finance industry billionaires are expressing growing concerns about the rising risks in private credit markets. They attribute these risks to soaring asset valuations, insufficient regulation, and macroeconomic pressures, which may lead to significant financial instability.

Gap reported stronger-than-expected sales, driven by celebrity marketing, collaborations, and a revamped inventory. Comparable sales rose 5% in the third quarter, exceeding analyst estimates. The company's two largest brands, Old Navy and Gap, performed particularly well, with earnings per share also surpassing expectations. CEO Richard Dickson is enhancing Gap's appeal through partnerships, including with luggage brand Béis and the GapStudio line promoted by Gwyneth Paltrow and her daughter.