5 things to know before markets open on Monday

Happy Monday. My weekend half marathon in Brooklyn ended at Coney Island, but when I saw the hot dog sign I was reminded of a not-so-fun fact. That means prices in Frankfurt are more than 10% higher than they were a year ago.

Stock futures are falling this morning. Stocks have had a mixed week.

Here are five important things investors need to know to start their trading day.

President Donald Trump said on social media yesterday that Iran needs to “move” as negotiations to end the war between the two countries remain stalled. Without progress from the Iranian government, President Trump warned, “they won’t have anything left.”

Here’s what you need to know:

Lululemon said in a letter to shareholders on Monday that activist founder Chip Wilson has “outdated views” and “troubling conflicts of interest” that will derail Lululemon’s turnaround plans, CNBC’s Gabriel Vonlounge reports.

The letter, published exclusively by CNBC, is the company’s first major public response to Wilson since his proxy fight escalated last year. Settlement talks between Wilson and Lululemon broke down last week, according to documents reviewed by CNBC.

In a letter, the sportswear retailer called on shareholders to vote yes at its annual general meeting next month, underscoring its strategy and confidence in its next CEO and director candidates.

meta plans to lay off about 10% of its staff this week. As CNBC’s Jonathan Bunyan and Julia Boorstin report, ongoing layoffs are creating a sense of fear among employees at Facebook’s parent company.

Workers in the tech industry are seeing stock prices soar, while at the same time employers are cutting jobs rapidly. According to Layoffs.fyi, 137 tech companies have laid off about 110,000 people so far this year, already close to 125,000 layoffs in 2025.

But Wall Street doesn’t necessarily reward AI-related job cuts. According to a CNBC analysis, among a series of companies that have recently announced AI layoffs, the stock prices of most have fallen since the layoffs.

Wondering where the Spirit planes are now that the airlines are closed? There’s a good chance they’re in the Arizona desert.

Companies like Nomadic Aviation Group are tasked with ferrying Spirit’s yellow planes from airports across the country to staging areas outside of Phoenix and Tuscon. As CNBC’s Leslie Josephs reports, unused or retired planes are typically stored in the desert because the climate makes them less likely to suffer damage such as corrosion.

That’s not an unexpected development. When the coronavirus pandemic brought travel to a near standstill, airlines housed thousands of planes in the desert.

This week we will be following:

—CNBC’s Garrett Downs, Justina Lee, Fred Imbert, Sean Conlon, Matt Peterson, Jeff Cox, Yun Li, Alex Crippen, Gabriel Fonrouge, Jonathan Bunyan, Julia Boorstin, Liz Napolitano and Leslie Josephs contributed to this report.

CJ Haddad helped produce this newsletter. Josephine Rozzelle edited this version.