Stock market's sell-off, foreclosures jump, new IRS guidelines and more in Morning Squawk

Economic Indicators - Higher-income shoppers are seeking deals, while younger consumers are tightening their spending according to recent earnings reports from consumer companies [2] - New foreclosure starts in October increased by 20% year-over-year, indicating potential weaknesses in the housing market [4] Retail Sector Insights - Notable exceptions in the retail sector include Coach and Swiss shoemaker On, which experienced growth across all consumer segments, but overall consumer pullback may lead to a challenging holiday retail period [3] Labor Market Developments - Boeing defense workers approved a new contract, concluding a strike that lasted over three months, which delayed production of F-15 fighter jets. The new agreement includes increased bonuses and a 24% wage increase over five years [5][6] IRS Guidelines - The IRS has increased the employee deferral limit for 401(k) plans by $1,000 to $24,500 for 2026, and raised the caps for individual retirement accounts and Roth IRAs by $500 to $7,500 [8][9] Market Perspectives - At CNBC's Delivering Alpha conference, J.P. Morgan Asset & Wealth Management's CEO emphasized viewing AI as an opportunity, while Coatue Management's founder expressed a pessimistic view on the IPO market, describing it as "completely broken" [11]