Retail stocks shot up 6.4 percent Monday, their second-biggest gain for the year, as the broader market rallied on government plans to unclog the financial system by establishing a public-private partnership that could eventually buy up $1 trillion in real estate debt.
Concerns over what the Treasury Department would do about the questionable debt had vexed markets and bank stocks for months, but the plan only tangentially touches retailers and consumers who are still waiting for economic relief of their own. Still, stability in the banking sector would be good news for the economy overall.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"