“It’s the worst I’ve seen," said a Cabo San Lucas restaurant owner, "It is definitely the worst."For a Mexican tourist hotspot like Cabo, that's bad news. One of the busiest tourist seasons for the area comes during the months of March and April, coinciding with the American spring break season. Spring break, the long-time college tradition of excess and irresponsibility, is a time that many tourist destinations depend on to bolster their profits, banking on the liberal spending habits of Americans on vacation.
Apple continued its downward spiral, but at least one analyst sees the rout as a buying opportunity.
The Fed will have a harder time making the case for a September rate hike if commodity prices continue to slip, analysts say.
It's not all doom and gloom for luxury goods maker Coach, CNBC's Jim Cramer says.
Data on the consumer have been less than encouraging, but the market is sending a different sign, strategist Tom Lee says.
Carl Quintanilla is an Emmy-winning reporter and co-anchor of CNBC's "Squawk on the Street," broadcast live from the NYSE.
Simon Hobbs co-anchors the 10 a.m. hour of CNBC's "Squawk on the Street" live from the New York Stock Exchange.
Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."
“Squawk on the Street” Co-Anchor
Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.