Stock futures are mostly inching higher in premarket trading as investors prepare for the release of a key jobs report today. The jobs report is expected to show relatively slow job growth in August.

Tesla (TSLA) is proposing a new compensation plan for CEO Elon Musk that would give him more voting power and large incentives to meet aggressive performance targets; Broadcom (AVGO) shares are rising on strong sales of AI chips and a big new customer; Lululemon (LULU) shares are plunging after it delivered a weak outlook as tariffs impact sales.

Here’s what investors need to know today.

1. U.S. Stock Futures Edge Higher

Stock futures are pointing higher in early trading as investors look ahead to today’s jobs report release.

S&P 500 futures are higher by 0.2% after the benchmark index hit a new record high in the prior session, while Nasdaq-100 futures are up by 0.5%. The Nasdaq Composite rose 1% in yesterday’s trading. Dow Jones Industrial Average futures are little changed after it rose by 0.8% in the Thursday session.

Bitcoin (BTCUSD) is pushing higher to trade at over $112,000. Yields on the 10-year Treasury note are moving lower. Gold futures are inching back above the $3,600 an ounce price level. Oil futures are declining.

2. Jobs Report to Land as Fed Looks Ahead to Next Interest-Rate Move

The economy is expected to continue its recent trend of relatively low job growth when the latest U.S. employment report is released at 8:30 a.m. ET.

Employers likely added 75,000 jobs in August, a slight uptick from the anemic 73,000 added in July, according to a survey of economists by Dow Jones Newswires and The Wall Street Journal. They expect the unemployment rate to come in at 4.3%, slightly higher than the prior month’s 4.2% level.

July’s jobs report showed unexpected weakness in the labor market, raising the possibility that the Federal Reserve will cut interest rates at its next meeting later this month.

3. Tesla Asks Shareholders to Approve New Pay Package for Musk

Tesla (TSLA) in a regulatory filing asked investors to approve a new pay plan for CEO Elon Musk that could increase his voting power and give him as much as 12% ownership of the company.

The plan would grant Musk up to 12 tranches of Tesla shares if certain performance milestones, which include both production goals and increases in adjusted EBITDA, are met It would also increase his voting share, a condition he has previously demanded. Shareholders will be asked to vote on the new pay package during the company’s Nov. 6 meeting.

“Retaining and incentivizing Elon is fundamental to Tesla achieving these goals and becoming the most valuable company in history,” the company said in a filing.

Tesla shares are higher by 2% in premarket trading.

4. Broadcom Shares Soar as Strong AI Demand Lifts Chip Sales

Broadcom (AVGO) shares were up some 10% premarket. The chipmaker last night reported record quarterly sales as demand for its AI offerings surged.

Broadcom posted quarterly adjusted earnings per share of $1.69 on revenue that jumped 22% year-over-year to a record $15.95 billion, both topping analysts’ estimates compiled by Visible Alpha. CEO Hock Tan said the company expects AI semiconductor revenue could climb to $6.2 billion in the current quarter, “delivering eleven consecutive quarters of growth, as our customers continue to strongly invest.” The company forecast fiscal fourth-quarter revenue of $17.4 billion, slightly above consensus.

The company also last night reported a new multibillion-dollar customer, which reports suggest is OpenAI. The ChatGPT maker is also reportedly designing new chips with Broadcom.

5. Lululemon Shares Fall as Outlook Soured by Tariffs

Shares of Lululemon Athletica (LULU) dropped by 19% in premarket trading after the athletic wear maker’s yearly outlook fell short of expectations.

Lululemon posted a 7% increase in quarterly revenue to reach $2.5 billion, slightly below analyst estimates compiled by Visible Alpha, while its adjusted earnings per share of $3.10 was ahead of estimates of $2.86. However, the 1% increase in comparable store sales was below estimates of 2.76%. Its full-year revenue guidance of $10.85 billion to $11 billion fell short of the Visible Alpha consensus of $11.18 billion, while its earnings per share projections of $12.77 to $12.97 was well below expectations of $14.36.

CFO Meghan Frank said that industry-wide challenges, including tariffs, prompted the company to adjust its full-year outlook.