becoming an international crisis. early this monday morning, crisis. early this monday morning, august 8th, 2011. captioning funded by cbs good morning. welcome to the early show here on a monday morning, 7:00 am on the west coast. i m chris wragge. and i m in for erica hill. she s in somalia and we ll hear from her in a few minutes. standard sbf poors, markets have already lost ground overseas and wall street is taking another dive this morning. joining us now from the new york stock exchange is alexis christoforous. where do we stand right now? stocks tanked, the dow was down 240 points in the first minute of trading. we ve come back a little bit, the dow down 185 after stocks dumped after this downgrade of u.s. debt. the next question on everybody s mind, double dip recession, how likely is it at this point? it s a resounding yes for a double dip recession. since july 26th, this market has lost over a trillion dollars in value. we ve gotten clues that the