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Otis CEO Judy Marks goes one-on-one with Jim Cramer
  + stars: | 2024-01-31 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
Otis CEO Judy Marks goes one-on-one with Jim CramerOtis Chairman, President and CEO Judy Marks joins 'Mad Money' host Jim Cramer to talk quarterly results, new equipment sales and more.
Persons: Otis, Judy Marks, Jim Cramer Otis, Jim Cramer
All three major averages posted gains for the third consecutive week, lifted by solid quarterly earnings and positive economic data. Earnings season ramps up next week, with five of the Super Six mega-cap stocks delivering results. Employment numbers are the most important economic data, with Friday's January nonfarm payrolls report carrying the most weight. The January ISM Manufacturing report on Thursday and December's factory orders report Friday are expected to show the sector still in contraction mode. But earnings and commentary this week from peer Sartorious made us encouraged about a return to growth in 2024.
Persons: nonfarm, December's, Sartorious, We've, Stanley Black, Decker, We're, We'd, Royal Philips, Crane, Woodward, ServisFirst, Cadence Bancorporation, CADE, Johnson, Phillips, Avery Dennison, Columbus McKinnon, Robinson, SIRI, Cardinal Health, Parker, DOV, Pitney Bowes, Ferrari N.V, CSW, COLM, W.W, Grainger, Dwight Co, Jim Cramer's, Jim Cramer, Jim, Tim Cook, Justin Sullivan Organizations: Gross, Procter, Gamble, Gillette, Super, Consumer, JPM Healthcare, Amazon, Microsoft, Honeywell, Aerospace, Solutions, Apple Watch, Masimo, Vision Pro, Franklin Resources, Resource Partners, Bank of Marin Bancorp, Bank7 Corp, Pacific Premier Bancorp Inc, Provident Financial Holdings, Dynex, Cliffs Inc, Nucor Corp, Whirlpool Corp, F5 Networks, Capital Southwest Corp, Harbors Investment Corp, Crane Co, Payne, Equity, Heartland Financial, Cadence, FinWise Bancorp, Five Star Bancorp, PotlatchDeltic Corporation, Sanmina Corporation, Pfizer, General Motors Corp, United Parcel Service, JetBlue Airways Corporation, Smith Corp, Marathon Petroleum Corp, HCA Healthcare, Oshkosh Corporation, SYSCO Corp, Danaher Corp, Johnson Controls, M.D.C . Holdings, Commvault Systems Inc, Hope Bancorp, Hubbell Incorporated, Malibu Boats, Polaris Industries, Inc, Camden National Corp, Cambridge Bancorp, Microsoft Corp, Starbucks Corp, Devices, Electronic Arts Inc, Juniper Networks, Stryker Corp, Lending, Canadian, Canadian Pacific Kansas City Limited, Mondelez, Chubb Corporation, Modine Manufacturing, Partners, Management, Hawaiian Holdings, Manhattan Associates, Unum Group, UNM, Axos, Enova, Boston Properties, Boeing Co, Novo Nordisk, Mastercard Inc, Roper Technologies, Boston Scientific Corporation, MarketAxess Holdings, Fisher, Aptiv PLC, Hess Corp, Nasdaq, United Microelectronics Corp, Rockwell Automation, Teva Pharmaceutical Industries, Ltd, Avery, Avery Dennison Corp, Extreme Networks, Otis Worldwide Corporation, OTIS, Columbus, Columbus McKinnon Corp, Central Pacific Financial Corp, Brinker International, Fortive Corporation, Qualcomm, Technology, Metlife, Hanover Insurance, Barn Holdings, CONMED Corporation, DLH Holdings Corp, Meritage Homes Corporation, Honeywell International, Eaton Corp, Altria, Royal Caribbean Cruises Ltd, Merck, Co, Enterprise Products Partners, Dorian LPG, SiriusXM Holdings, Cardinal, Hannifin Corporation, Allegheny Technologies Incorporated, Tractor Supply Company, Trane Technologies, Dover Corp, Huntington Ingalls Industries, Brunswick Corporation, Dickinson, Canada Goose Holdings, Kirby Corp, WEC Energy Group, WestRock Company, Allegro MicroSystems, Ball Corporation, Broadridge Financial, BrightSphere Investment Group, CMS Energy Corp, Lancaster Colony Corp, Rogers Communications Inc, Sanofi, Apple, Atlassian Corporation, United States Steel Corp, Corp, Adtalem Global, Homes, DXC Technology Company, Eastman Chemical Company, Gen, Post Holdings, America, Columbia Sportswear Company, Exxon Mobil Corp, Chevron Corporation, Myers Squibb Co, CIGNA Corp, Regeneron Pharmaceuticals, Charter Communications, AON, Cboe, Dwight, Banco Santander, Jim Cramer's Charitable, CNBC, Apple Vision, Getty Locations: China, East, United States, Europe, Cleveland, Alexandria, California, Corning, Canadian Pacific, Teradyne, TER, Novo, Hanover, PBI, Skechers U.S.A, Bristol, Chile
“That was really scary to hear.”One in six Black men will develop prostate cancer in their lifetime, according to the advocacy organization ZERO Prostate Cancer. The rate of prostate cancer among Black men has been underscored in recent weeks as Dexter King, the youngest son of the Rev. And in December, US Defense Secretary Lloyd Austin underwent a prostatectomy to treat prostate cancer that was discovered that same month. Bugler said ZERO Prostate Cancer recommends that Black men start talking to their doctors about the risks and benefits of prostate cancer screening at the age of 40. He blames toxic masculinity and stubbornness, which he said can also play a role in preventing Black men from getting screened for prostate cancer.
Persons: Nate Battle, doctor’s, , , , Dexter King, Martin Luther King Jr, Lloyd Austin, aren’t, it’s, Otis Brawley, ” Brawley, Brawley, Johns Hopkins, ” Courtney Bugler, Bugler Organizations: CNN, Prostate Cancer, Research, American Cancer Society, US, Johns Hopkins University, Baltimore and, ZERO Prostate, Cancer Locations: Black, barbershops, Baltimore, Baltimore and Washington
Richard Mille RM011 Felipe Massa Chronograph Rose GoldJay Z expanded his collection of Richard Mille watches with this RM011 Felipe Massa Chronograph in rose gold. The rapper's Audemars Piguet Royal Oak 26585CE has an openwork sapphire dial and rose gold dial markers. Patek Philippe Nautilus 5711 in Tiffany BlueThe Patek Philippe 5711 was released in limited quantities in early 2021. The watch is based on the AP Royal Oak design that debuted in 1972 from watch designer Gérald Genta. Patek Philippe 2499Patek Philippe produced this watch from 1950 to 1985 in extremely limited quantities — only 349 were made.
Persons: , Jay Z, Shawn Carter, Audemars Piguet, Hublot, Otis, Beyoncé, de Genève, Jay Z's Shawn Carter Hublot, Shawn Carter Hublot, Richard Mille, Richard Mille Jay Z's, freestyled, Rich Schultz, Richard Mille RM011 Felipe Massa Chronograph Rose, Felipe Massa Chronograph, Felipe Massa, Mille, Richard Mille RM027 Rafael Nadal Richard Mille, Matthew Stockman, Richard Mille RM027 Rafael Nadal, Rafael Nadal, Novak Djokovic, Nadal, Richard Mille Rafael Nadal, Roger Kisby, Audemars that's, 26585CE, Philippe, Phillip, Tiffany, Tiffanys Jay Z, Patek Philippe collab, Tiffany Blue, Audemars, Yves Klein, Klein, Gérald, Paul Newman Dial, Paul Newman, Newman, Jay, Z, Patek Philippe, Phillip Patek Jay Z, DJ Khaled, Patek, Patek Philippe Grandmaster, Getty, Jay Z's Patek Philippe, Tony Kavak, Kavak Organizations: Service, Business, GQ, Getty, Radio City Music Hall, Philippe Nautilus, AP, IFL Locations: Swiss, Brooklyn, Mille, Paris, French, Christie's, Geneva
A winter storm brought high winds and dangerously cold temperatures in the Northeast. The National Weather Service warned of ‘life-threatening windchills’ through Iowa’s presidential caucuses on Monday. Photo: Nathan Howard/Bloomberg NewsMore than 93 million people were under windchill advisories Monday, as Arctic cold and winter storms hammered much of the country. Brutally cold weather from a cold front spilling out of Canada continued across many parts of the country. Snow and freezing rain spread to the Mid-Atlantic and stretched over the Southern U.S. before the arrival of yet another arctic blast forecast later this week.
Persons: Nathan Howard Organizations: Northeast ., National Weather Service, Bloomberg, Southern Locations: Northeast, Iowa’s, Canada, Southern U.S
A passing weather system brought snowfall and subzero temperatures to Iowa as voters prepared for the presidential caucuses on Monday. Photo: RACHEL MUMMEY/Bloomberg NewsMore than 160 million people were under winter weather warnings or advisories Sunday as a hazardous mix of Arctic cold and wind, along with snow and sleet, pummeled much of the country. A cold front spilling out of Canada is responsible for dangerously cold temperatures from the Pacific Northwest all the way east to the Rust Belt, the National Weather Service said.
Persons: RACHEL MUMMEY Organizations: Bloomberg, National Weather Service Locations: Iowa, Canada, Pacific Northwest
CNN —US Defense Secretary Lloyd Austin was released from Walter Reed National Military Medical Center on Monday, according to the Pentagon, two weeks after he was admitted for complications following prostate cancer surgery. Austin will work remotely “for a period of time” before returning to the Pentagon, the Pentagon statement said. His discharge comes after Austin was hospitalized on January 1 for complications from a prostate cancer procedure in December. But a little over a week later on January 1, Austin began experiencing severe pain and was taken back to the hospital in an ambulance. “The Department of Defense is the most vital element of the United States government,” Reed and Wicker said.
Persons: Lloyd Austin, Austin, , John Maddox, Gregory Chesnut, ” Austin, Biden, Joe Biden, , John Kirby, Pat Ryder, Jake Sullivan, CQ Brown, Erik Kurilla, ” Ryder, Austin’s, Walter Reed, Dr, Oliver Sartor, Otis Brawley, Sen, Jack Reed, Member Sen, Roger Wicker, ” Reed, Wicker Organizations: CNN, US, Walter Reed National Military Medical, Pentagon, Trauma, Center, Prostate Disease, Murtha Cancer, Walter Reed National Military Medical Center, House, Defense, National Security, Air Force, Joint Chiefs, Staff, US Central Command, Central Command, Cancer Disease, Mayo Clinic, Johns Hopkins Kimmel Cancer Center, Senate Armed Services, Member, Department of Defense, United, Department Locations: Iraq, Syria, Yemen, United States
Waves crashed over a sea wall in Revere, Mass., on Saturday as officials warned of possible flooding in low-lying areas. Photo: joseph prezioso/Agence France-Presse/Getty ImagesRoughly 400,000 homes were without power in the U.S. on Saturday as heavy snow and ice caused major disruptions on both coasts, ahead of a creeping front of Arctic cold that threatens to bring record-low temperatures to much of the country. Parts of the upper Midwest, particularly around the Great Lakes region, got a second day of pelting snow and blizzard-like conditions, while areas in New England and the East Coast dealt with rain and scattered flash flooding, the National Weather Service said.
Persons: joseph prezioso Organizations: Agence France, National Weather Service Locations: Revere , Mass, U.S, Midwest, New England
Tom Marion, a theater professor at the City University of New York, is a survivor of roughly four rodent invasions of his car, which he parks in a city that is home to an estimated two million rats. It can feel like he’s tried as many tricks to defend his ride.
Persons: Tom Marion, he’s Organizations: City University of New Locations: City University of New York
MEXICO CITY (AP) — The Mexican government sent 25,000 troops to Acapulco after the resort was hit by Hurricane Otis on Oct. 25, but apparently that hasn’t stopped the violence this week. The main Acapulco business chamber reported that gang threats and attacks have caused about 90% of the city’s passenger vans to stop running, affecting the resort’s main form of transport. The chamber said the violence was forcing businesses to close early on Thursday and Friday. The government has pledged to build about three dozen barracks for the quasi-military National Guard in Acapulco. But even with throngs of troops now on the streets, the drug gang violence that has beset Acapulco for almost two decades appears to have continued.
Persons: Hurricane Otis, hasn’t, , , Alejandro Martínez Sidney, Sidney Organizations: MEXICO CITY, National Chamber of Commerce, Tourism Services, Local, National Guard Locations: MEXICO, Acapulco
A woman took to TikTok with details of a childhood movie she couldn't fully remember. After years of searching, Miller and her dad had started to think the movie wasn't real"I was roughly about 5 when I first watched this movie," Miller told Business Insider in an email exchange. I was giggling the whole time as it's, for lack of better words, pretty silly," Miller told BI. Miller told BI her highlight of the whole experience was the community that had formed around it. "It's honestly brought me to tears multiple times seeing grown men and women thanking eachother for finding bits of their childhood they thought were lost forever," Miller told BI.
Persons: , Grace Miller Organizations: Service Locations: Kansas City , Missouri
Beyoncé’s movie includes concert footage from her popular tour, which ran from May to October. Photo: Kevin Mazur/WireImage for ParkwoodBeyoncé’s concert film dominated the box office on its debut weekend with an estimated $21 million in U.S. ticket sales. The 42-year-old pop singer’s “Renaissance: A Film by Beyoncé” gave a strong showing for the first weekend in December, historically a slow one for movies. It is the first time in two decades a film has opened to more than $20 million on the weekend after the Thanksgiving weekend, according to AMC Theatres, which distributed the film.
Persons: Kevin Mazur, Parkwood, Beyoncé ” Organizations: AMC Theatres
During the Atlantic hurricane season, 20 storms formed, seven of which reached hurricane strength, ​​meaning sustained winds of at least 74 miles per hour. Storms that experienced rapid intensification Rapid intensification Atlantic storms Extremely rapid intensification Lee 150 m.p.h. wind speed Hilary Lidia 100 50 0 4 0 6 8 2 10 12 14 16 Days since start of storm Atlantic storms Rapid intensification Extremely rapid intensification Lee 150 m.p.h. Despite its strength, the slightly cooler waters near Mexico’s Baja Peninsula would rapidly weaken Hilary to a tropical storm. The background graphic shows the storm moving from a tropical storm to a Category 5 hurricane before making landfall on Oct. 25.
Persons: El Niño, ” James P, , Kossin, Otis, Hilary Lidia 100, Philip Klotzbach, Klotzbach, Hurricanes Lee, Idalia, Hilary, Hurricane Hilary, , Eric Blake Organizations: Canada New York United States Houston, Canada New York United States, Houston, Canada New York United, Canada New York United States Los, PACIFIC, ATLANTIC, Eastern, OCEAN United, OCEAN United States Los, OCEAN United States Los Angeles Houston mexico Mexico City, Atlantic, University of Wisconsin, El, Pacific, National, Colorado State University, East, Hurricanes, Hurricane, U.S, National Hurricane Center Locations: Canada, Canada New York United States Houston Miami mexico Cuba Mexico, Houston Miami mexico Cuba Mexico, Canada New York United States, PACIFIC OCEAN, Miami mexico Cuba Mexico, Atlantic, Eastern Pacific, OCEAN United States, OCEAN United States Los Angeles Houston mexico Mexico, Eastern, North America, Pacific, Madison, Florida, United States, Florida’s Big Bend, Cuba, Caribbean, Cancun, Gulf, Mexico, Bend, Georgia, South Carolina, Florida , Georgia, North Carolina, California, Peninsula, Baja California, Southern California, Death, Acapulco
WHAT'S HAPPENED SINCE THE LAST ONEThe world has gotten hotter since last year’s conference in Egypt. Burning fossil fuels that sends carbon into the atmosphere remains the main cause of global warming, and production continues to grow. Climate campaigners say efforts to develop wind, solar and other alternative energies are not going fast enough. Global warming has vast implications: It can upend local economies, worsen weather patterns, drive people to migrate, and cause havoc for Indigenous peoples who want to retain their traditional cultures, among many other impacts. Many want to know if oil-rich Gulf states will pony up more money to help developing countries adapt to climate change and switch to greener technologies.
Persons: , Petteri Taalas, Daniel, Hurricane Otis pummeled, King Charles, Narendra Modi, John Kerry, Olaf Scholz, Pope Francis, Sultan al, Jaber, Antonio Guterres Organizations: United Arab Emirates, Hamas, United, 28th “ Conference, Hurricane Otis, Indian, Cargill, AP Locations: DUBAI, United Arab, Israel, Dubai, United Arab Emirates, COP28, WHAT'S, Egypt, Brazil, India, Libya, Hurricane Otis pummeled Mexico, Europe, Paris, Abu Dhabi, Tokyo, Tegucigalpa, Timbuktu, Ukraine, Gaza, Antarctica, Argentina, Uruguay, ___
Helping these countries, which face some of the biggest risks from climate change, access these will be a key aim during the COP28 climate talks underway in Dubai. Ambitions for results at COP28 got off to a good start on the opening day on Thursday when countries approved plans for the climate disaster fund, after months of negotiations. About 60% of low-income countries are either in or at high risk of debt distress, the CDP said. The Central Asia Regional Economic Cooperation Program, for example, aims to agree a disaster relief bond issuance and a regional risk transfer facility, the ADB's Principal Disaster Risk Insurance and Finance Specialist, Thomas Kessler, told Reuters. "We are ready to scale up climate protection through early warning systems, anticipatory cash, climate insurance and community-based resilience projects," said Gernot Laganda, director of Climate and Disaster Risk Reduction at the United Nations World Food Programme.
Persons: COP28, Ekhosuehi Iyahen, IDF's Iyahen, Michèle Plichta, Lydia Poole, Odile Renaud, Basso, Thomas Kessler, Otis, Gernot Laganda, Alessandro Parodi, Simon Jessop, Libby George, Karin Strohecker, Susan Fenton Organizations: Insurance, Forum, PAF, Disaster, European Bank for Reconstruction, Global, Swiss, Central Asia Regional Economic Cooperation, Finance, Reuters, UN, University of Cambridge's Institute for Sustainability Leadership, United Nations, Food, Thomson Locations: GDANSK, LONDON, Dubai, London, Mexico
FORT LAUDERDALE, Fla. (AP) — A busy hurricane season that saw the National Hurricane Center in Miami issue the first-ever tropical storm warning for the coast of California and hurricane warnings as far north as Nova Scotia is coming to a close Thursday night. “The 2023 hurricane season does show that we can get impacts just about everywhere," said Michael Brennan, director of the hurricane center. A year earlier, a strong storm surge during Hurricane Ian resulted in multiple deaths and significant destruction across southwest Florida. She said she's more than relieved hurricane season is ending. “So it's either hurricane season, or you're getting ready for the next hurricane season," he said.
Persons: , Michael Brennan, Hurricane Lee, Hurricane Otis, ” Brennan, Brennan, Ian, Danielle DeLoach, Nicole, DeLoach, , they’re, ” DeLoach, they'll, ___ Fischer Organizations: National Hurricane Center, Hurricane, Florida Gulf, U.S . East, Atmospheric Administration, Ocean Locations: FORT LAUDERDALE, Fla, Miami, California, Nova Scotia, Southern California, Florida, Florida Gulf Coast, U.S . East Coast, New England, Mexico, Acapulco, Atlantic, Gulf Coast of Florida, Florida's, Tropic Shores, Daytona Beach Shores
Finnish stocks are Europe's biggest laggards this year, as risks stemming from tensions with Russia and concerns over China's stuttering recovery have hurt its exporters. The top 25 stocks in Helsinki are worth a combined $150 billion. The OMX Helsinki 25 (.OMXH25) has lost 10% this year, versus the STOXX 600's (.STOXX) 8% rally. "Finnish stocks are attractively valued and a lot of bad news is priced in," Alava said. "If the European economy recovers in 2024 as I expect, Finnish cyclical stocks should recover too... this could be a good time for long-term investors to increase holdings".
Persons: Finland's, Tomas Hildebrandt, EVLI, Hilderbrant, Hertta Alava, Henrik Ehrnrooth, Schindler, Nordea's Alava, LSEG, Danilo Masoni, Christina Fincher Organizations: OMX Helsinki, STOXX, Nordic, Novo Nordisk, Deutsche Bank, NATO, Russia, Zurich, Otis, Metsa Board, Thomson Locations: Russia, Helsinki, Finland, Europe, China, Ukraine, U.S, French, OMX Helsinki, Alava
In this article BRK.A Follow your favorite stocks CREATE FREE ACCOUNTwatch nowBillionaire Charlie Munger, the investing sage who made a fortune even before he became Warren Buffett's right-hand man at Berkshire Hathaway, has died at age 99. In addition to being Berkshire vice chairman, Munger was a real estate attorney, chairman and publisher of the Daily Journal Corp., a member of the Costco board, a philanthropist and an architect. We've gotten good at fishing where the fish are," the then-93-year-old Munger told the thousands of people at Berkshire's 2017 meeting. Warren Buffett (L), CEO of Berkshire Hathaway, and vice chairman Charlie Munger attend the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019. "Well, I would say basically we're like the captain of a ship when the worst typhoon that's ever happened comes," Munger told The Wall Street Journal in April 2020.
Persons: Charlie Munger, Warren Buffett's, Munger, Berkshire Hathaway, Buffett, Greg Abel, Benjamin Franklin, We've, Charles Thomas Munger, Alfred, Florence, Toody, didn't, Janet Lowe's, Nancy Huggins, Olson, Wheeler, Dean Scott Derue, Franklin Otis Booth, Booth, Derue, CNBC's Becky Quick, Charlie, He's, I've, Warren Buffett, Johannes Eisele, Goldman Sachs, We're, Oh goody, goody, everything's Organizations: Berkshire Hathaway, Berkshire, New, Daily Journal Corp, Costco, Buffett's Berkshire, CNBC, University of Michigan, Army Air Corps, California Institute of Technology, Scripps College, Harvard Law School, Tolles, Munger & Co, Michigan Ross Business School, Los Angeles Times, Buffett, Omaha, AFP, Getty, Bank of America, Wall Street Journal Locations: California, Munger, Pasadena , California, Berkshire, Omaha , Nebraska, Omaha, Warren, Pasadena
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Persons: Dow Jones, 4fd0fcb7
Officials near the scene of the shooting on Saturday night. Photo: WCAXA triple shooting that wounded three young men of Palestinian descent in Burlington, Vt., is being investigated as a possible hate crime, officials there said Sunday. The three men, attacked Saturday evening, are each 20 years old, the Burlington Police Department said. Two of the men were shot in their torsos while a third was hit lower on the body.
Organizations: Burlington Police Department Locations: Burlington , Vt
Los Angeles International Airport expects roughly 2.5 million passengers between Nov. 16 and Nov. 27. Photo: Mario Tama/Getty ImagesThe nation’s largest airports are hoping to cap off the Thanksgiving weekend without any major disruptions after several days of heavy but largely hassle-free holiday travel. Nearly 3 million people are expected to be on the move Sunday as the country returns to work and regular home routines, according to the Transportation Security Administration.
Persons: Mario Tama Organizations: Los Angeles International Airport, Transportation Security Administration
Former Minneapolis police officer Derek Chauvin is concurrently serving a state sentence for second-degree murder and a federal sentence for violating George Floyd’s civil rights. Photo: Court TV/ReutersDerek Chauvin, the former Minneapolis police officer convicted of murdering George Floyd, is expected to survive after he was assaulted at a federal prison in Arizona, according to law-enforcement officials. He was attacked with a knife, but his injuries weren’t life-threatening, one of the officials said.
Persons: Derek Chauvin, George, Reuters Derek Chauvin, George Floyd Organizations: Minneapolis, Reuters Locations: Minneapolis, Arizona
Lopez Obrador has launched a $3.4 billion recovery plan and pledged to get Acapulco back on its feet quickly, but local businesses say time is fast running out for this year. "Acapulco lives off just three seasons: December, which is the biggest for us, Easter, and a bit of summer. Business groups have estimated the damage at around $16 billion in Acapulco, which is the biggest city in Guerrero, one of Mexico's poorest states. The hurricane battered Acapulco's airport, and international flights are not due to resume until next year. (Reporting by Troy Merida and Raquel Cunha; Writing by Valentine Hilaire; Editing by Leslie Adler)
Persons: Troy Merida, Raquel Cunha ACAPULCO, Hurricane Otis, Otis, Andres Manuel Lopez Obrador, Lopez Obrador, we're, Jesus Zamora, Roberto Buenfil, Emiliano Zapata, Raquel Cunha, Valentine Hilaire, Leslie Adler Organizations: Security Locations: Acapulco, Guerrero
ACAPULCO, Nov 25 (Reuters) - One month since Hurricane Otis devastated Acapulco, fears for the local economy stalk the Mexican beach resort with businesses saying efforts to repair the damage have been too slow to save a vital part of the tourist season: December. Lopez Obrador has launched a $3.4 billion recovery plan and pledged to get Acapulco back on its feet quickly, but local businesses say time is fast running out for this year. "Acapulco lives off just three seasons: December, which is the biggest for us, Easter, and a bit of summer. "By the December season we won't even have 50% of hotels running, so even if we wanted to have more tourists, we couldn't host them," he added. Business groups have estimated the damage at around $16 billion in Acapulco, which is the biggest city in Guerrero, one of Mexico's poorest states.
Persons: Hurricane Otis, Otis, Andres Manuel Lopez Obrador, Lopez Obrador, we're, Jesus Zamora, Roberto Buenfil, Emiliano Zapata, Troy Merida, Raquel Cunha, Valentine Hilaire, Leslie Adler Organizations: Security, Thomson Locations: ACAPULCO, Acapulco, Guerrero
Below the shattered windows of the high-rise hotels in downtown Acapulco, people walk alongside towering hills of garbage bags filled with rotting food and debris, from mattresses to Christmas decorations. Volunteer firefighters from distant states clear the waste, wiping away swarms of cockroaches from their arms. Miles from the coastal beachside resorts, Elizabeth Del Valle, 43, listened as her teenage daughter Constanza Sotelo, described the “mountains of trash” still blocking many streets surrounding their home. “We have no way to find face masks to keep ourselves healthy,” said Ms. Del Valle. “We expect that we’re going to get an infection from the smell, from the garbage.”Weeks after Hurricane Otis shocked forecasters and government officials by intensifying rapidly into the strongest storm to hit Mexico’s Pacific Coast and devastate much of Acapulco, residents say they now face an unfolding public health disaster.
Persons: Miles, Elizabeth Del Valle, Constanza Sotelo, , Del, , Hurricane Otis Locations: Acapulco, Del Valle, Coast
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