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Topping economic headlines recent rise in foreclosures is hurting home buyers and sellers. 7% fewer families bought new homes last month. analysts blame that steep drop on banks stepping up foreclosures. that's because when banks resell foreclosed houses deep discounts that lowers demands and drags down the average home price. u.s. stocks posted gains thanks to solid posted earnings and new optimism in europe. dow up 74. s&p up a. nasdaq actually dropped about 9. the computer giant apple reports blockbuster profits. its second quarter earnings nearly doubled from last year. ipad sales up 151%....

Concerns about the possibility of a second u.s. recession? >> well, very real, indeed. keep in mind that the economy doesn't have to go into recession just because we have a stock sell off. one of the biggest sell offs offer in 1987 did not result in the economic retrenchment. but the big worries behind these moves today is lack of growth. lack of growth in the u.s. economy. we're seeing that play out and that could be the key to another recession. >> shepard: gerri willis, part of the best team in business. her show the willis worth every weekday afternoon 5 p.m. central up the dial. the comp...

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