How One Fabric Company Is Working To Extend The Life Of Your Clothes
Nothing is worse than spilling coffee or red wine all over a brand new shirt, but what if you could wash that stain right out with a little water? Dropel Fabrics is making that a reality. Co-Founder Simardev Gulati shows us how.
Gulati gives our hosts a demonstration of the company's fabrics. Dropel Fabrics uses a special treatment to give natural fibers the same spill- and stain-proof characteristics as polyester.
Gulati says they have teams in countries from Portugal to China working keep up with global trends in fashion and retail. A shirt from Dropel Fabrics starts around $40.
Eliott Wellenbach, vice president and institutional ETF strategist with Direxion, joined Cheddar News to discuss what traders are expecting from consumer spending ahead of the holidays and how they're positioning themselves following the latest inflation data and mortgage rates.
