GoKawiilThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Monday. Congratulations are in order for my colleagues who won an Edward R. Murrow Award for their investigation of Walmart's online marketplace. Read their reporting here. Stock futures are mixed this morning. The S&P 500 is coming off its third straight winning week. Here are five key things investors need to know to start the trading day:
A cyclist rides past signage at the Google headquarters in Mountain View, California, US, on Tuesday, July 21, 2026. David Paul Morris | Bloomberg | Getty Images
2. Meta ramifications
Meta CEO Mark Zuckerberg arrives at Los Angeles Superior Court on Feb. 18, 2026. Jill Connelly | Getty Images
Barely more than a week after a loss in New Mexico, Meta is heading back to court. Opening arguments begin tomorrow for the case against the Facebook parent being co-led by California Attorney General Rob Bonta. As CNBC's Jonathan Vanian reports, the group of 29 state attorneys general are pushing a unified case against Meta, alleging that the company violated federal and state laws. "You could wake up with a headline judgment that is, as I've said, astronomical," New Mexico AG Raul Torrez said, fresh off his win against Meta earlier this month. The wave of legal challenges against Meta represent a "Big Tobacco" moment for social media, according to industry experts. A loss in the company's home state of California — one of the most important and influential jurisdictions in the U.S. — could be particularly staggering.
3. Fast car
Lamborghini's Revuelto SV. Crystal Lau | CNBC
Lamborghini last week launched a limited-edition hybrid version of its V12 Revuelto. As CNBC's Robert Frank notes, it's the luxury automaker's most powerful production car ever. Alessandro Farmeschi, Revuelto's product line director, said the Revuelto SV allows consumers "to go beyond in terms of performance." Lamborghini will only make 1,963 SVs, which will have a starting price of $741,172. Elsewhere in autos: Rivian is hoping to regain ground on Tesla 's "hands-free" capabilities, all while maintaining extra safety precautions. CNBC's Michael Wayland drove both systems. Here's how the two stacked up.
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4. Next season
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