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This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. Computing power restrictions are once again hitting gamers. If you're an Xbox Game Pass subscriber, Microsoft said that cloud time limits will go into effect later this year. Stock futures are mixed this morning after a winning session. Here are five key things investors need to know to start the trading day:
1. Labor Day
A job seeker at a job and resource fair in Los Angeles, California, on July 29, 2026. Patrick T. Fallon | Afp | Getty Images
2. Sour lemon
Shoppers walk past a Lululemon store at a shopping mall on June 21, 2026, in Hong Kong, China. Cheng Xin | Getty Images
Lululemon shares plunged more than 20% this morning after the athleisure retailer's weak revenue report and outlook. In the second fiscal quarter, the company said revenue declined 4% and comparable sales slid 9%. Interim CEO Meghan Frank blamed "negative commentary" on social media for dragging on quarterly performance. Additionally, Frank said core categories, such as leggings, slowed down more than anticipated. Lululemon's new CEO, Heidi O'Neill, takes over next week.
3. Scaling up
Cheng Xin | Getty Images
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