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MACY'S EARNINGS: In a big week of retail earnings, department store giant Macy's reports before-the-bell and offers guidance to investors with a 1030a ET conference call. Margaret Brennan follows the numbers.
| CALIFORNIA'S BUDGET MELTDOWN: California has not yet passed its budget. The current budget expired on July 1st and the state is facing a $15 billion budget shortfall. With no budget agreement in sight, Gov. Schwarzenegger last week issued an executive order terminating thousands of part-time jobs and cutting the wages of all of the state's full-time workers to the federal minimum wage. Schwarzenegger has also said he will not sign any bills that reach his desk until the legislature reaches a budget compromise. Now he's locked in a battle with the state comptroller and officials say that if a budget isn't in place by mid-August, the state will have to take out loans. Jane Wells looks at the mess the state is in.
| STAR WARS RETURNS: The Clone Wars opens nationwide on August 15... and while George Lucas said the last Star Wars was the last of the series he'd do, he changed his tune when he saw the first images from a new animation technology his engineers had created. What had been created for an upcoming television series was quickly re-jiggered to become a feature-length motion picture. This could be a boon for big tech companies that worked with Lucas, including Intel, AMD, HP, nVidia, Autodesk and Adobe. Jim Goldman goes behind the scenes, shows the first glimpses of the animated film and the technology that made it possible.
| FOLLOW THE MONEY: Matt Nesto follows the winners and losers in the market, breaking down the biggest stock and sector stories of the day.
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