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CNBC Squawk On The Street September 11, 2012



particularly in china. a downgrade of coach putting further pressure on the sector. mcdonald s global sales meets expectations. where were the sales strongest? outside the u.s. and europe. only one day to go until the iphone 5 release. could the ieconomy help the u.s. economy? and facebook ceo mark zuckerberg going to hit the stage for the first time since the ipo at the tech crunch conference this afternoon. could that be a catalyst for the stock? but getting back to the high-end retailers such as coach, tiffany, ralph lauren under pressure after burberry expects lower sales. they suggest growth is becoming more challenging. they re down double digit percentages, last check about 18%. this is the biggest drop we ve seen since the economy ipo ed, and maybe we shouldn t be so surprised. they have the worst assortment of people who have lost their way. everyone says you should spread this out to others, go to a burberry store, you ll see what i mean, they re inc ....

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