"Osceola County, FL Sheriff Marcos Lopez was arrested by Homeland Security Investigations for his involvement in an illegal gambling operation in central Florida that generated more than $20 million in profits. Lopez is charged with racketeering and conspiracy to commit racketeering.

More than a dozen abandoned boats were airlifted by a helicopter off an uninhabited island in Washington state's Puget Sound for an operation funded by a federal grant. CNBC's Rick Santelli joins 'Squawk Box' to break down the latest econ data to cross the tape.