Traders work on the floor of the New York Stock Exchange (NYSE) on Nov. 13, 2025 in New York City. Spencer Platt | Getty Images
This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day:
1. Red (The stock market's version)
2. Economic warning signs
Shoppers carry bags along Wall Street near the New York Stock Exchange in New York, U.S., on Friday, Aug. 15, 2025. Michael Nagle | Bloomberg | Getty Images
Higher-income shoppers are looking for deals, and younger consumers are tightening their purse strings, according to recent earnings reports from consumer companies. There are some notable exceptions — such as Coach and Swiss shoemaker On, which saw growth across all consumer segments — but shoppers' pullback could portend a rocky holiday retail period ahead. Investors will get more insight from next week's earnings reports, which include some of the biggest retailers: Walmart , Target , Gap and Home Depot . Another economic warning sign: Data released yesterday showed new foreclosure starts in October jumped 20% from a year ago. As CNBC's Diana Olick notes, the uptick could signal cracks in a housing market that has been notoriously tight coming out of the pandemic.
3. Beginnings and endings
Workers picket outside the Boeing Defense, Space & Security facility in Berkeley, Missouri, US, on Monday, Aug. 4, 2025. Neeta Satam | Bloomberg | Getty Images
Boeing defense workers voted to approve a new contract yesterday, ending the union's first strike since 1996. The stoppage, which lasted more than a three months, delayed production of Boeing's F-15 fighter jets. The agreement includes increased up-front bonuses and 24% wage increases over five years. Employees rejected previous proposals that the union said didn't address their concerns. We're also keeping an eye on the Starbucks barista strike that began yesterday in dozens of cities. The protest coincided with Red Cup Day, which has historically been a major sales event for the coffee chain.
4. Piggy bank rules
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