Lululemon Crashes After Earnings, Strong Jobs Report Put Fed Hike in Play

Market update for September 4, 2026

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Planet Labs CEO Interview (YouTube)

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In today’s episode, Zaid covers:

• The surprisingly strong August jobs report and what it means for the Fed’s September rate decision
• Tesla’s Cybercab finally hitting the streets of Austin
• Lululemon’s brutal earnings and why Michael Burry is buying the stock
• Planet Labs surging on strong earnings while UiPath falls despite beating revenue expectations
• The NBA’s historic punishment of Steve Ballmer and the LA Clippers over salary-cap violations