In the first one, you set the variable str to null (which means that it does not point to any object), and in the second one you set it to point to a String object which has no content.
Seems you are a beginner in Java.No problems we all start somewhere.
I hope you are aware that there are two types of variables in Java
1.Primitive Variables
2.Reference Variables
For eg.
in the code line
int a ;
'a' is a primitive variable as it can refer to the primitive of the type int.
Similarly in the code line
String str;
str can contain a reference to a String object .
For your information in Java String is a class in the package java.lang.
So if you do a
String str= null what it does is
Makes a reference variable(the bit holder
for a reference value) named str of the type java.lang.String
and making it equal to null simply means the
variable is not referring to any object.
Whereas
String str=""
Simply creates an object of the type java.lang.String with no value in it and assigns the refernce variable str to this object.