from apple, leaving everyone to wonder if it's the end of apple or the beginning of a new era. good evening. i'm jessica aguirre. >> and i'm raj mathai. the real drama has yet to unfold. the world is waiting to see what happens next in coopertino. many of our lives would not be the same without steve jobs. we wouldn't have ipods or i-tunes, no iphones, one, two, three or four, or ipads without this bay area native who graduate high school in the south bay. jean elle shows us why jobs' health may have played a role in the decision. but we begin with scott budman who joins us from the apple store. we've gone from surprise to curiosity. what's next? >> reporter: well, who knows? a lot of people will be wondering why jobs steps down, but jobs has been, for decades, a spark plug. both for technology and for those who use technology. today, of course, he resigned as ceo of the company he co-founded, doing so at a time when apple is at its strongest and most popular. when ferdinand and friends heard the news about steve jobs resigning, they were visiting the apple campus from germany,

apple sold millions of ipads. the latest addition to the apple hardware map. there, of course, the retail stores changing the way technology products are bought and sold. jobs had been on medical leave. he mentioned in the letter tim cook, the long-time apple chief operating officer, who actually ran the company when jobs took an earlier six-month leave of absence and transuccessfully. -- and ran it successfully. jobs came down with pancreatic cancer in 2004 and has been fighting medical issues ever since. we talk about how he changed the technology landscape. also changed the financial landscape in terms of investors. since the year 2000, that's one decade since jobs came back, apple stock is up a staggering 4,159%. just to put that in a little perspective, that changes lives. that changes the way lifestyles are lived here in silicon valley. we checked the stock price briefly tonight. it is down about 5% as investors digest the news that ceo steve jobs will step down from that post. down about $19 a share. we'll see how that plays out. again, abruptly resigni

that was apple's trade right there. the apple stock down 5% at $356. interesting, though, that bloomberg came out with an interesting stat. when the announcement was made, the s&p 500, the futures contract which is the 500 company actually dropped in direct response to that announcement by about 0.5%, which is the equivalent of $52 billion being wiped out. that's across all companies. it gives you an idea of the breadth of steve jobs. hef really will forever be regarded as one of the real sort of colossal talents of the corporate world in the u.s. one quota he told business week back in 2000 that's really telling. he said basically he doesn't use focus groups. he said you've about got to back yourself and do it yourself. he had a talent for thinking things and then convincing people that they actually wanted them and he did it so well. >> and, andrew, he really has revolutionalized the electronics consumer center. this ipad, which many of our viewers will be intimately familiar with. this one unfortunately is not my own. it's being borrowed from the di

you know, the question that is hanging over apple is how hard is it going to be to keep apple's top talent, those creative types now that the maestro c.e.o. isn't there? >> they came because he was so good at stirring the pot. sometimes we have seen people in the world of fashion, retail and technology take on a chairmanship role where they could still be that great mad genius, create some healthy chaos. bill gates, when he stayed on as an active chairman it was helpful. but still when he defered to ray ozzie to come in to sort of take the reigns at microsoft, it didn't happen. they need somebody to inspire them in there and of course tim cook would be the first to say it's not exactly him. so we hope they will bring somebody along in the pipeline to do that. and we don't also want to encourage steve jobs, and hope his health is as strong as can be, but sometimes they come in and second-guess. we've seen that happen. become generals that don't fade away. >> susie: so gene, which of apple's competitors could, you know, come in and take advantage of this transition time in terms of poaching

tonight steve jobs has stepped down as apple ceo. the question is apple still apple without steve? >> they just told us you guys have to get out. you know, this can pop, this can explode and we ran out and got everything that we could. >> thousands of homes evacuated. a fire so tricky, a special team had to be flown in to put it out. what firefighters did to make that job even harder. >> good evening. >> and i'm dana king a. silicon valley giant calls it quits. steve jobs says he can no longer do the job. >> we have team coverage tonight. linda yee on the announcement that sent shock waves through the tech world and what it means for the company and consumers. we begin tonight with kit at apple headquarters in cupertino. >> reporter: the resignation letter went public at 3:30. steve jobs said he can no longer fulfill the duties as ceo. here at apple's campus, the news went viral and all the employees knew within the minutes it was long awaited, long expected, but a shock nonetheless. the apple employees that were talking at the company's headquarters had nothing but nice things to

but apple can afford it. don't forget, this is a company that recently surpassed exxonmobil not too long ago. i don't think the salary will be a question. i think the biggest question by far is the innovation question. you know, don't forget that the story with steve jobs, you know, apple was almost on its last legs when steve jobs returned to take the helm. people forget just how bad apple was doing at that time. and steve jobs came back, and not only brought the company back, but really has truly transformed five or six entire industries. if you think about it. computers, obviously, phones, movies, music. i mean, these industries have been literally head-to-toe transformed because of what apple's done. if you think about, this is a company that has 50,000 employees, and still is growing at 60% a year, it's just amazing what he's done. it's a very, very, very hard act to follow. but tim cook has long been understood by the market, by the company, as the guy to take over. i think as we've all known, you know,

apple pie, big sheik antique bowls of wooden apples, read and golden, apples pencils, produce framed on the library wall, texas vegetables from the rio grand empire. i am an american first, then a texan he would say not understanding he sounded like auggi march. the clues are there, i later realized. a man's fate is his character. you always have to show off and tell us what you know, carl said. i'll be in washington next week i say. i have an interview, i have to close of peace. you promised me, you said you would stay away from washington state. you sat right here and said you would not go to the cascades. he yells as loudly as i have ever heard him. washington, d.c. i shout back. i have the trait as well. [laughter]. >> as you are thinking about that, i would like to ask you to give us one more. there are 2 completely surprising and interesting substories woven through this narrative of your brother, 1, your fabulous aunt character in mexico getting frosty into mexico and running around with frita caller and your discovery of apples? >> this is astonishing, are we talking about th

that's like lightning in a bottle. >> can apple be apple without steve jobs? what is next for the tech giant. we also have reaction to the new boss. >>> and firefighters dodge a bullet. the threat of a massive propane explosion in placer county is over. a live report as evacuees finally are able to go back home. good morning. it is thursday, august 25. good to have you with us. i'm frank mallicoat. >> i'm grace lee. >>> let's talk to kristy about this weather that we're having this morning. if you have been outside, it's drizzly and rainy. >> soupy. >> yeah. you might be getting a little damp outside especially at the coastline, seeing some drizzle there this morning. fog in the picture, as well. but you'll see plenty of sunshine across the board inland and at the bay. going to make it to the low 90s again inland. i'll tell you exactly what to expect for the rest of today and tomorrow in just a little bit. but let's go to elizabeth with a look at traffic. >> we have slick spots out there so be extra careful on the roads this morning. here's live look at the sa

apple being steve jobs. it's kind of, if he's not there anymore, it's a different company. he is pretty much the brain child and heart of the whole operation. >> but many more of apple's core fans say even if jobs isn't hands on, they'll still buy. >> he's really left his mark on the company. i think they know his vision, his philosophy. i still have a lot of faith in apple and its products. >> this is an unbelievable organization and it's a tribute to him in what he created. i don't think this is about one person. >> some admirers are looking at the leadership. tim cook. >> i think there's going to be an evaluation discount that compresses because he leaves and the new boss, i think it's tim cook or someone. >> for now. >> he has to prove to everybody he is worthy and probably nobody is as good as steve jobs, right? >> as apple's stock took a nose dive, the faithful are still crowding the stores. >> i would never buy a pc, never. >> and even though they do have a lot to prove the next few days to see how it

what is going to happen to apple in the market? how is apple going to move on? >> he's had such a tremendous influence on apple what. do you think his legacy is at this point? >> right now, building the most-valuable company in the world, coming back from the brink of destruction. he was kicked out of his company, coming back to apple whit was nearly bankrupt and turned it into an empire, he's going to be known as one of the great entrepreneurs of all time. >> if you hold apple shares or if you're a consumer and love the products and see tim cook is going to take over, are you concerned about apple being able to be the front runner in technology? and still be able to come up with cool gadgets? >> steve jobs and tim cook have been working on this plan for years. everyone has known steve jobs would resign and tim cook would take over. i think steve jobs imparted his culture and philosophy into apple so deeply that this will run fine. the markets are going to react strongly. >> you talked about his health. we hope it's not in decline, at this point we know he's bee

up next, steve jobs steps down at apple. a major change for one of the world's most important companies. high heat and high stakes. the risky attempt to put out this propane fire near sacramento. abc7 news begins in 60 >>> i just think it is really sad. he is so innovative with apple. he brought the company around. >> it is sad to hear it. i hope his health is good. >> he will be there innovating as long as he can. >> reaction on the sudden resignation on steve jobs. jobs left with this statement, quote, i have always said if there ever came a day when i could no longer meet my duties and expectations as apple's ceo, i would be the first to let you know. unfortunately that day has come. i hereby resign as cree o of -- ceo of apple. steve jobs is more than a ceo. he has been april -- apple's core. what affect will it have really on the company and the consumer? leslie brinkly has more on the story. >> it is certainly the end of an era, but not the end of apple by any means. they will continue on -- he will continue on as chai

we're watching apple stock as well. apple's stock is now down $5 a share. we have new unemployment numbers coming spike in applications must we. the labor department reported that weekly claims rose by 5000. thousands of verizon wireless workers filed for unemployment benefits while on strike. >> americans outlook for the economy has been since earlier this summer. the confidence in president obamas handling of the economy has slipped. more adults are blaming former president george bush for the nation's economic woes. pessimism does not be taking a toll on obamas reelection prospects. here are some new foreclosure numbers to tell you about. foreclosure sales peaked two years ago. onto bay area weather and traffic. >> we are watching the fall- out there this morning and the forecast for the weekend. >> here is a quick look from the james lick freeway. fog and haze over the city of san francisco. that is extending down the peninsula toward sfo. we do have all rival flight delays. one hour 12 minutes is the current delay time. oakland and san jose are on time

apple doesn't make things. apple designs them so you have to realize the people making that stuff is all being run by tim cook and his team so this is where the rubber hits the road. he is in charge now. >> in your opinion is this overbehind at all steve jobs' importanc toapple? >> yes. we always say steve jobs's new creation, amazing vision. he has hundreds of thousands of talented people who work for him. he didn't draw something on a notepad and say here, go make this. he sets the course. no one can do that... [overlapping speakers] [ laughter ] >> now he has some time he might be doing that. here's a cocktail napkin. here's our next innovation. >> jobs i'm not taking anything away from him. i'm sure he would say absolutely, i'm one man. i don't come up with all the ideas and i don't execute them all. >> the important thing is he is still part of the company. >> that gives wall street and consumers confidence. i have never seen a company where this happened and consumers care. that's how iconic his role is.

can it work with apple? apple is like google or facebook, it has a verve to it no other company really does, its own entity. steve jobs, when he was talking to stanford graduates, one of the most personal things i've ever seen him do, there's a biography coming out that's co-written by him or at least with his participation. >> now fast tracked. >> we haven't read that. so the stanford graduation address is the most personal thing he's ever talked to the public about. and he said the one lesson is you have to trust it's all going to be okay, and i think that works fairly well here. they were talking earlier about will the pipeline fill, what kind of products. they have dominated so well that they have got six, seven years i think of domination left in them, even with no more magic. >> all right. >> well, the magic, we'll see what happens now. tim cook stepping in, long-time lieutenant of steve jobs since 1998, i believe. scott mcgrew, thank you for your insight. stay with nbc bay area news for our continuing

apple is lower 1.75%. they are not concerned about the future of apple after steve jobs. stock is trading at $371 a share. a majority of analysts have a price of $500 a share or higher. investors know apple is a sound company without jobs at the helm. since he announced the leave this year. apple shares have gained 17%. >> it is tim cook that will take over that job from jobs. is there a feeling that apple will remain the same? >> reporter: there is that feeling. you know, tim cook, fredricka, has been running the day-to-day operations since jobs took medical leave in january. he has 30 years experience in the computer industry. he worked at ibm and compaq. he was named coo in 2005. he negotiated with wireless networks that carried the iphone. one thing cook is responsible for is the retail store strategy. everyone knows the apple store when they see one. cook sent out an e-mail to employees saying apple will not change. he wrote that steve built a company and a culture that is unlike any other in the world. we are going to stay true to that. it is is our dna. it is the h

he cofounded apple more than 30 years ago. decades later he played a key role in morphing the business. leaders said they have confidence in the executive board but wonder who will re's his creative genius. >> everything apple does is pretty genius. announce it after hours. they have products that may or may not hit their quarterly targets. >> he's been the driving force. i'm a little concerned where it will head now. >> reporter: jobs was just 21 when he cofounded a -- apple. he has clearly made his mark on the world. he had surgery for pancreatic cancer and coped with a liver transplant. jobs strongly recommended that the boar replace him with cleave operating officer tim cook. cook was with apple for 13 years and before that he worked with ibm. jobs will still remain the chairman of apple's board. i'm tara moriarty. >> our coverage continues at ktvu.com. we've posted steve jobs' resignation on our website. you can find it at ktvu.com. just look under the steve jobs tab. >>> two people will be formally charged in the case of

he has streamlined apple's supply chain. before he came, they really were kind of a mess in terms of their sourcing of the components that go into their products, and he turned that around, made it extremely efficient. and, clearly, he's demonstrated through these times that steve jobs has been out on health issues that he can operate this company and keep it running at the same high level and performance that it has been able to do when steve jobs is there. >> suarez: the lead time on new productes, presumably, is not today or tomorrow, the next generation of apple products are well launched in the pipeline, aren't they? when will he stop seeing steve jobs' direct hand on some of these products? >> well, i think there are two ways to measure it. worng as you say, is the length of pipe line. and i think at apple, it's a little bit longer than at other companies. they've never managed the company for short-term knowles like quarter to quarter. so i wouldn't be surprise surprf their product pipeline is two or three years, alth

he represents part of apple. frankly it's going to be hard i think moving on. >> i admire him and i'm glad to hear he stepped down. >> i think it's big. he is apple. >> reporter: taking a look at the scene at the store when they opened. they didn't have any fantastic giveaways it was just apple opening a store in berkeley and people came out. there was the usual hoopla that goes along with anything apple. steve jobs did an amazing job, approval rating of 97% making him the third most popular ceo of all time. still a lot of questions to be answered. we hope to find out more as the day goes on. >>> this morning, news about jobs is not going over well on wall street. in after hours trading, apple stock fell more than 5% that is $19 a share or $18 billion in value. we posted steve jobs' resignation letter along with tweets reacting to the news. that is at abc7news.com. >>> former giants slugger barry bonds will be back in federal court today with a pitch of his own. he'll try to convince a judge to throw out his felo

billions more parts than we had when we started apple. so you could call it a computer, things that are a computer. i could call my iphone a computer and it is. it's the greatest computer ever. but it's not in the same sense a computer was when we started the company. so i think we've gone beyond that. it's just computerized technology, really. it's just today's modern devices for making mankind more -- making the individual more powerful. they can do more things with their life that they want to do. >> let me put a flip side here. i've got plea three sons all computer crazy. even the 10-year-old is on sort of world of war craft days at a time. there is a slight negative. you guys, you and steve and bill gates and others, you've basically taken the world's children and you've stuck them into little darkened rooms and they should be out playing konkers and soccer and stuff like that, shouldn't they? >> i don't think we can stop the effect of the future, the future we've created giving them devices. a lot of kids seem to get addicted like y

so why is apple's value significant? >> primarily what it says is what investors think about apple. where they think its growth prospects are. apple doesn't give out dividends or buyback shares very much. so they believe there's value in the stock rising. they believe that over time it will rise in value. and so more people are piling into it, raising its value and so, thus, we have it rising above exxonmobil. also exxonmobil's value lowered because a lot of the gyrations in the market. so it's a backing into first place type of thing as well. but this is largely symbolic anyway. a company's valuation if you will, the value the investors put on it doesn't mean very much about how the company is doing, what the prospects of it are for the future. it's what they believe about the company. apple is going gangbusters right now. a couple of weeks ago they reported record earnings. it's been a very good couple of years for them. but that doesn't indicate that, you know, things are going to be perfect going forward either. >> so if you are an oil company and a tech company, for even a day,

how stock markets and apple customers are reacting plus how life will go on at apple without jobs. >>> plus, putting a fresh look on the coalen gate bridge after 70 years. why this job is harder than expected. >>> clouds are back with us. also some drizzle coming up. the temperature change you can expect for the day.

live in palo alto. >> apple stock still got hammered in after hours trading, apple stock is down $19, or 5%,. >>> steve jock jobs keeps his medical problems private, but we do know they go back seven years. in 2008 he appeared advicably thinner and joked that reports of his death was greatly exaggerated. in 2009, he said he had a hormone imbalance and took a leave of absence. later, it was revealed he had a liver transplant. he rose to the ranks to become the company's chief operating officer. before his tenure with apple, cook spent 12 years with ibm. he also worked for compaq. apple's board member art levison said tim's performance at apple have been marked by outstanding performance. our coverage continues at ktvu.com. you'll find steve jobs resignation letter in its entirety, as well as our other reporting. coming up, we visit an apple store to ask customers about jobs legacy and the popular products he's responsible for. >>> happening for, a delicate operation underway to drain a burning car near sacramento. it is filled with thousands of gallons of liquid propane. the threat of

more news on the step down of steve jobs and apple we're getting a reaction in san francisco on the stepped down >> there and thinking about steve jobs and to levels they hope that that he is ok and not something terminal and why did he stepped down an second the products it is very iconic and out over the place and has truly changed the world hears what some people had to say about steve jobs and how we move around in society >> in the last few years when the application in your hand-held phone everything moved and so much faster to have all that money and then that your health go it is kind of unfortunate our person would >> obviously a lot of sympathy going up to succeed at jobs that this morning apple products continue to thrive and that will never change >> banks for the update and is a letter that was released by late steven jobs. jobs had been on a medical leave since the beginning of january he was being treated for pancreatic cancer and then had a liver transplant it'll be a different company with steve our jobs on >> now that balance point has been removed a lot of employees left

apple >>> today is the start of a new era at apple. so far, investors do not appear to be too shaken by steve jobs' resignation. apple stock dropped less than 1% today. >> not too rocky but there are a lot of questions about apple's future. cnet editor-at-large brian cooley joins us. steve jobs' replacement tim cook with a simple message. >> it's a bit of corporate platitude. this is an email message that was written knowing the world was going to read it moments after it was put out. it just says we are going to do things the way steve did it. we are not going to change things. when you have a company firing on all cylinders the way apple does, you don't make changes. the market and consumer don't want to see that. so this is a reiteration of the fact that the company has had a plan in place for some time. that there is no scrambling going on. and that is actually a true reflection of how apple has been progressing. >> i'm sure that apple's competitors are just you know -- >> they so want to see a crack here that they can put a wedge

still one of the great companies in the apple. >> apple's history as been about more than just one man. but steve job's successors will now have to prove they can spot what consumers want before they even know it themselves. rory cashman jones, "bbc news." >> you've been watching "newsday" from the bbc. i'm in singapore. >> i'm in london. libyan rebels say that they're transfering their government to the capital of tripoli from their base in benghazi. much more on that story on our website. but from us in london and singapore, bye-bye for now. >> make sense of international news at bbc.com/news. >> funding was made possible by the freeman foundation of new york, stowe, vermont, and honolulu. newman's own foundation. and union bank. >> union bank has put its global financial strength to work for a wide range of companies. what can we do for you? >> "bbc world news" was >> "bbc world news" was presented by kcet los angeles.

apple stock will be interesting to watch. apple stock took a bit of a hit. it will be interesting to see how the folks on wall street as steve jobs no longer as ceo. he is still with apple as chairman of the board but not connected with the day to day product line that he had when he was the ceo. live in berkeley, terry mcsweeney, "abc 7 news." >>> apple's chief operating officer will take over as ceo. tim cook has led apple during two medical leaves by jobs. he brought was brought in to see overseas manufacturing of computers. many see him as a traditional businessman. we posted his resignation letter along with tweets reaction to the news. look under see it on 2 at abc7news.com. >> thousands of evacuees in placer county are back home after they allowed a rail car to burn out. they say there is still propane in the tavern so they will continue to shoot water on the tanker to keep it cool. you can see that water still being shot at the tanker. fire officials say there is no longer a threat of major explosion. it's still unclear how the tanker caught fire tue

do you have apple stock? we'll tell you what to do next. [ male announcer ] members of the american postal workers union handle more than 165 billion letters and packages a year. that's about 34 million pounds of mail every day. ever wonder what this costs you as a taxpayer? millions? tens of millions? hundreds of millions? not a single cent. the united states postal service doesn't run on your tax dollars. it's funded solely by stamps and postage. brought to you by the men and women of the american postal workers union. ♪ that's how it is with alzheimer's disease. she needs help from me. and her medication. the exelon patch -- it releases medication continuously for twenty-four hours. she uses one exelon patch daily for the treatment of mild to moderate alzheimer's symptoms. [ female announcer ] it cannot change the course of the disease. hospitalization and rarely death have been reported in patients who wore more than one patch at a time. the most common side effects of exelon patch are nausea, vomiting,

people at apple and is still one of the great companies in the world. ÷bimv6Ñ>> apple's history has bn about more than just one man his successors will have to prove that they, too, can spot what consumers want before they know it themselves. >> you have been watching newsday from the bbc. >> just time for a quick reminder of our main news, and that is, libya rebels say they are transferring their government to the capital tripoli from their base in ben ghazi. the whereabouts of colonel gaddafi are still unknown. the libyans have -- the libyan leader has released a second audio message urging to destroy the rebels. the rebels are dancing on gaddafi's stronghold and the city of -- the rebels are advancing from gaddafi's stronghold to the stronghold tosirte. goodbye and thanks for watching. ♪ >> makes sense of international news at bbc.com/news. >> funding was made possible by the freeman foundation of new york, stowe, vermont, and honolulu. newman's own foundation. and union bank. ♪ >> union bank has put its global financial strength to work for a

lately the ipad is helping push apple's stock. the company began selling the tablet computers last year and they're already changing the industry. >> do you like everything so far? well i'll try not to blow it. >> reporter: steve jobs has reportedly battled cancer, and some investors worry what becomes of apple without him. >> i don't see a lot of reason for them to slow down in the immediate future. >> reporter: analysts believe apple is on pace to become the world's first trillion-dollar company. ben tracy, cbs news, los angeles. >>> this morning on "the early show," the stock market's wild ride and what the fed is doing to boost the economy. i'm randall pinkston. this is the "cbs morning news." >>> this morng >>> this portion of the "cbs morning news" sponsored by united healthcare, online at healthinnumbers.com. specialists, lots of doctors, lots of advice... and my hands were full. i couldn't sort through it all. with unitedhealthcare, it's different. we have access to great specialists, and our pediatrician gets all the info

apple stock was up nearly 6% today and as ben tracy reports, measured by stock price, apple is now on the verge of overtaken exxonmobil as america's most valuable company. >> reporter: while exxon continues to pump its profits with old-fashioned energy... >> here's to the crazy ones. >> reporter: apple has done exactly what it said it would do: think different. apple's sales have increased 80% this year, about 10 times faster than the average company. >> they are very often the company who takes someone else's idea and they execute it better. >> reporter: apple's gravity- defying stock rise, from roughly $5 per share to nearly $375 today, began in 1997 when steve jobs returned as c.e.o. >> it just all wor

kind, where apple's stock immediately dropped 6.1%. georor? >> thanks, neal. and now to the government's urgent message for everyone from the carolinas to maine. watch out for irene. it's a big one. a hurricane with winds of 120 miles an hour now, and it's gaining strength as it cuts through the caribbean. the big question -- will irene strike the u.s.? where, when and how hard? it's on its way, bearing down now on the bahamas, and abc's linsey davis is there. good evening, linsey. >> reporter: good evening, george. irene has clearly arrived. and it is hitting us hard, not only bringing us drenching rain, but increasingly rough surf. the storm surge is expected to get ten feet or higher and that could obviously cause some significant damage. irene's rampage through the caribbean produced widespread destruction when it was just a category 2 hurricane. now, as a 3, with 120-mile-per-hour winds and up to a foot of rain on the way, the bull's eye is on the bahamas. and irene is just getting started. flying into the storm, hurricane hunters

we have apple. apple stocks said to open lower after the big announcement that steve jobs is resigning. warren buffet announcing $5 million investment in bank of america. we had some disappointing jobs numbers out. we'll see how it basics wall affects wall street. >>> thank you for joining us. it's thursday morning. i'm dave clark. >> i'm pam cook. the news is rocking the tech world this morning. the announcement from steve jobs that he is resigning as ceo. question have reactions from customers and the stock markets. >> reporter: shares were down 2.3% in free market trading. good news. now we're getting reaction from apple customers. jobs has developed a cult like following not only among his employees but customers. with jobs leaving insiders say they have confidence in the executive board but wonders who will make the ideas. >> his goal an vision had always been to create things that were better and easier to use and made people's lives better. >> reporter: jobs was just # 1 when he cofounded app

buy apple products because steve jobs moved all the jobs overseas and speaking of apple having more money than the u.s. government on their books i think a good idea for america how they can get out of our debt situation and i keep their liquidity flowing to keep the government operating is has emerged from spain spanish banks fields we're not all go ask collateral so cristiana we're not told are the most expensive footballer in history has joined the european central bank on a free transfer sources say the authorities want this help on the sovereign debt crisis by kicking the can further down the road so he's joking of course but what is it actually we're not although could feasibly become the e.c.b. property after he was pledged as collateral for emergency liquidity support by spain struggling savings bank. thank you because in two thousand and nine one of the spanish banks that has since become bankia language re all madrid seventy six point five million euros to pay the transfer fees for one although now because of the liquidity crisis it is worse the bank has put up a loan as collate

live in palo alto. >> apple stock still got hammered in after hours trading, apple stock is down $19, or 5%,. >>> steve jock jobs keeps his medical problems private, but we do know they go back seven years. in 2008 he appeared advicably thinner and joked that reports of his death was greatly exaggerated. in 2009, he said he had a hormone imbalance and took a leave of absence. later, it was revealed he had a liver transplant. he rose to the ranks to become the company's chief operating officer. before his tenure with apple, cook spent 12 years with ibm. he also worked for compaq. apple's board member art levison said tim's performance at apple have been marked by outstanding performance. our coverage continues at ktvu.com. you'll find steve jobs resignation letter in its entirety, as well as our other reporting. coming up, we visit an apple store to ask customers about jobs legacy and the popular products he's responsible for. >>> happening for, a delicate operation underway to drain a burning car near sacramento. it is filled with thousands of gallons of liquid propane. the threat of

, stepping down as ceo of apple. steve jobs is out. we're going to talk about why he left and we're going to talk about the old boss and meet the new boss. >>> here is a look from mount tamalpais this morning, a lot of clouds. this only way you'll see the sunrise. drizzle for your morning commute. cooling trend deepens in your forecast. >> good morning, i'm sue hall. newark, we could have possible delays. more on that in just a few minutes. >>> thanks for joining us. kristen is off today, i'm eric thomas. >> we begin in placer county in the town of lincoln where 4,000 evacuees are headed back to their homes after fire crews snuffed out a massive tanker fire that has been bunk for days. families were evacuated because fire officials were concerned that the tanker could explode and level everything within a mile of the fire. now, lincoln's fire chief says the blaze burned itself out overnight but there is still propane inside the tank. crews plan to shoot water on the tanker for the next several hours. here is a look a

lately the ipad is helping push apple's stock.

apple apple needed someone who could do both and create markets and then run a company when the market was large enough and so our founder for fifteen years before steve jobs back and so i think jobs learned a lot deeper when you militate and when the board forced him out of that nice a because then he wanted to create a great company under appreciated company next and that became apple going to of course but if if they if jobs dead where the c.e.o. at h.p. did when he had been able to say. i think you're going to give the founding c.e.o. who's event back in created the most valuable or second most valuable company in the planet if you're going to that person a lot of elite way and leverage and so. what you're getting at almost is how much of the success of apple is i or tied in with steve jobs the man the personality the management style and the ability to mesmerize audiences versus the other executives and tens of thousands of people who work there and being submissive both . also a mix of some other characteristics names that was declan mccullagh from c. net with that in our last na

what a lot of people are saying is that it was steve jobs' personality that made apple apple. >> thanks. we will take a closer look at the state of steve jobs health. dr. sanjay gupta will be here to tell us what jobs' next steps will be. >>> caution tape circles from the washington monument. that is not the only sign of the earthquake from tuesday. that is just ahead. every time a local business opens its doors or creates another laptop bag or hires another employee, it's not just good for business -- it's good for the entire community. at bank of america, we know the impact that local businesses have on communities, so we're helping them with advice from local business experts and extending $18 billion in credit last year. that's how we're helping set opportunity in motion. host: could switching to geico reon car insurance? or more host: do people use smartphones to do dumb things? man 1: send, that is the weekend. app grapgic: yeah dawg! man 2: allow me to crack...the bubbly! man 1: don't mind if i doozy. man 3: is a gentleman with a brostache invited over to this party? man 1: only