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But schwarzenegger declared a financial state of emergency, and that's lot of politicking going on over here. california republicans want to cut services this he want to cut welfare, they want to cut medicaid. democrats in california want to raise taxes. it's a rough time for the people of california. the state is already battling 12.3% unemployment. it is the third-highest in the nation. so it's a tough situation that doesn't seem to be getting any better. they got to balance the budget. but $19 billion, tony, is a lot of money. i want to explain why the market is falling. we're looking at co...

Well as perhaps a technology company. if we start to see corporate spending. look also at the consumer names because if the consumers come back in a significant way, there's more pricing power, whether you're talking about ketchup makers or food products or just simple consumer products. >> shepard: bob or, better than they were. >> it was squarey. breaking news, a pennsylvania woman has been indicted in a plotted to recreate jihadist women. cathrine herridge has an update live in washington. this sounds like a big deal. >> well it's a significant case, if calling larosa is not the first wom...

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American express and home depot round it out. technology was also very hot and we all watched it, apple shares surging, and they ranked among the losers, and, today, the maker of iphone stock rose 50 percent in the first quarter, the best quarter for apple in seven years and, also, consumer names were popular with investors with consumer spending rising the most in seven months. even as personal income rose only modestly. following the stellar first quarter the question is, what is next? investors will focus on the big employment report and, then, their attention will turn to earnings. so it s...