SOTS 2nd Hour: CoreWeave IPO, Lulu’s Consumer Warning, Trump vs. Big Law 3/28/25

CoreWeave set to go public on the NASDAQ today – in the street’s biggest U.S. tech offering since 2021… David Faber, Carl Quintanilla, and Courtney Reagan broke down the latest indications this hour - and talked expectations ahead of the first trade with a Senior Managing Partner from Magnetar (the largest institutional investor in CoreWeave; they’re set to own ~29% of Class A shares after the offering). Plus, the latest from the ground at the NASDAQ with their Head of Capital Markets. Also in focus: Lululemon’s consumer warning – the team had a bull/bear debate about what to do with shares after tough guidance last night; and the latest out of Washington, as President Trump’s battle with ‘Big Law’ grows… and Evercore’s Senior Chairman & Founder Roger Altman says the move is bad for business. Squawk on the Street Disclaimer