. >>> the story of steve jobs inventing the apple computer in his garage is well-known. his boyhood home has been a magnet for tourists especially now that he stepped down as apple ceo. george kiriyama reports from los altos >> this home on chris drive in los altos is a meky for techies. for those who are just plain curious. it was here steve jobs grew up and in this garage where apple was born. >> we are from australia. >> jeff brent and his 16-year-old son had to stop by. they are here from australia on a silicon valley tour and no stop is complete without a visit to the famous garage. >> it's amazing. i am blown away. it's really inspiring. >> it's hard to put that into perspective. that whole start is in somebody's garage. >> they are two of many tourist who is took pictures of the home and garage where steve jobs created the apple computer. their visit was more mandatory when they heard jobs stepped down. >> we were planning to come, but we had to make sure we got here today. it's on our must do list. >> the neighbors knew him as a young boy. they are used to strange

i just want to be the person to say, he was on the payroll of the computer of apple's payroll computer every day since the very start. i've never been off of it. >> do you have a stake in the company at all these days? >> my wife and i really aren't big stock traders. but we keep two stocks, it's apple and fusion io where i work. >> what gadgets do you work? >> oh, my gosh. >> are you an apple consumer? >> number one, i use my computer with the full typing keyboard. because i usually, when i'm walking around during the day, i don't have to be constantly texting and -- >> apple computer? >> absolutely. >> an ipod? >> i have had nonapple products, nonapple computers, and i tended to hate them and not want to use them. i found ways to bring their screen up on my mcintosh so i could feel comfortable. i like to be familiar with the whole world of gadgetry, and what are innovators of thinking of new ideas. and what are the best ones. you never find all the best ones in one product. i try to be fair. and i don't always say, i'm going to wind up saying apple has the best product in a certain c

when we come back, we'll take a look at the career and impact of apple computer founder steve jobs. i'd like to let macintosh speak for itself. >> hello. i'm macintosh. >> useful geoff jobs adding a touch of theater to the launch of the apple macintosh computer. jobs is a living legend in the world of computers but even legends step down. in his regulation ig nation, apple's long-time ceo said he could no longer fulfill his duties. he's been on medical leave since january. he plans to stay on as chairman of the board of directors. as we've been telling you throughout the course of this show, tim cook will be taking over jobs' place as ceo of the company. but let's have look at jobs' impressive resume. a college dropout turned ceo. he founded apple computer back in 1976 and he turned the company into an industry innovator, creating all sorts of products like the apple macintosh computer, the ipod, the iphone, and the ipad. he also co-founded pixar studios which includes animated movies like "toy story" a. in early 2009 jobs announced he was taking a six-month medical leave of absence

i think that's certainly a lot about apple computer but more importantly it says a lot about the european banking system their market capitalization and these banks in the europe and in the u.s. same awfully thin when you look at the amount of debt they're carrying the bottom line here is that this is fundamentally a crisis of insolvency it always has been a crisis of insolvency the big banks are trying to treat it as a crisis with quitting the their big and easy big federal reserve chose to give us liquidity you saw the federal reserve wonderful report by bloomberg coming out in which showed that the federal reserve's with prior over a trillion dollars of actual cash liquidity and even that wasn't sufficient to passionate wall in the ship it's really fundamentally an insolvency situation that's what we're going to happen to use up to i think that's where we're going in this next leg of this downturn and i'll get to that one point two trillion dollars get from the fed in a second but i want to go back to what you just said talking about the activity or that the daisy chain aspect of these

experts say that this is a sign that agency is failing to keep up with apple computers which have excelled in the personal computer business. this is a major change for a company that is trying to reinvent itself in the computer business. >> we are following a developing story on the east bay. oakland police are warning people about an increase in gold theft especially gold jewelry. these crimes are happening throughout this city, mostly in the fruitvale district and president of areas around lake merritt. majority of the victims have been female. their break approached conflict and cajolery is getting 1/4 script right off of them. gold is one for nearly $1,900 an ounce. correct " one of our facebook questions today, it is a gold the new copper? hockey post a comment on our face page. groo >> conditions around the bay are very foggy this morning. >> take a look at the bay bridge approach. we're pretty obscured on the bayside. to the fog is particularly pesky core in the north bay. the yellow indicates visibility between one and 2 mi.. the fog is becoming more and more dense. hollow cloud c

have stopped by over the years to take picture of a home and garage where steve jobs created the apple computer. but their visit game more mandatory when they heard jobs had stepped down as apple's ceo. >> we were planning to come, but we certainly made sure we got here today. so it was on our must-see list. >> reporter: neighbors knew jobs as a young boy. they're used to strangers driving up and taking photos of the home across the street. >> some of the times i would go out and say would you like me to take your picture in front of the garage? and they like that. >> reporter: they are true believers in apple. >> he had a vision, he had an idea. it's inspiring. >> reporter: neighbors say they wouldn't be surprised to see more tourists this weekend. they said in the past they've seen tour buses stop, dozens of people get out and start taking pictures. george kiriyama, nbc bay area news. >> thank you, george. >>> hurricane irene is not the only weather story making headlines. there's a big change this weekend in the bay area, as well. >> here's a live lookt rob mayee mac meteorologiswit b mayeda

that's what appealed to her about apple computers since he bought her first one in 1982. >> when you think of had you how you see it progressed over the years, does it just blow your mind? >> yes, it does. that's why i'm a stockholder. >> good for you. >> reporter: she's one of many not looking town load her stock any time soon or steer away from apple products just because longtime ceo steve jobs is resigning. she's so entranced by the ipad, she's using it as she walks out of the store. it shouldn't make too much of a difference who's at the helm. >> i can't see somebody taking that over and really screwing it up. >> it's hard to imagine apple without jobs. >> apple is successful for a reason. it's because that man, he's the driving force. >> he's done a lot for this company. very intelligent. very smart. comes up with all these different ideas all the time and i hope the new guy taking over is just like him. >> why the older apple customers say the company's name is synonymous with jobs and it's hard to separate one from the other, younger ones feel differently. >> what do you know

design of the color scheme to small free pencils to the customers on the heels of the take replica apple computer store in the country and also. some of those orders to architecture and germs and getting a new lease of life but not in a good way it's been turned into money traps targeting illegal employers so as crew play pays a visit to cover the details that. and some more stories making news across the world for you this hour at least eight opposition fighters have been killed in the beer after rebels clash with colonel gadhafi loyalists the fighting started when rebels round up rounded up a group of rebel held in benghazi on the suspicion of assassinating a military chief and having. the rebel military command libya's former interior minister. yunus was shot dead last week around two thousand people have already died in the violence since the civil war began. its turn and coast guards have found the bodies of twenty five refugees in the engine dream of a boat really a battle official say the vessel was so tightly punks that the man had no chance to escape from the room and suffocated the boat

steve jobs announces he is stepping down as ceo of apple computers, the influential and wildlyopular faced serious medical challenges. and now, the health of apple is in question. it is thursday, august 25th. >> announcer: from abc news, this is "world news now." >>> and good morning, everybody. i'm rob nelson. >> and i'm tanya rivero. steve jobs is a computer mastermind who seemed to make technology ultracool. after selling so many sleek mputers, ipads and iphones, can his company continue as a cutting-edge market leader without its leader? >> and chief operating officer, tim cook is the one who's going to take his place. he has been acting ceo, since steve jobs stepped down in january. it was his third medical leave. this has been expected for a while. >> but it feels like a shock. >> it does. >> steve jobs. >> we grew up with him. >> true. every day. >>> another major headline this morning, as we all know, north carolina has started evacuating coastal areas, as hurricane irene approaches. it is a category 3 storm over the bahamas. but forecasters fear it could get even stronger. >

and then it's also partly built in japan and also partly perhaps built in china has been or an apple computer that came from china it's really hard to figure out where all these kids get what i say by every girl is what is really there are twenty g. twenty countries the biggest economies in this twenty g. twenty countries nineteen of those countries have laws on the books which are actually enforced today which require all government expenditures to come from manufacturers within those countries we're the only one of those guys right in this picture to get it right so it's hard to say why it's american to mean they're going to have there's going to be some sort of government regulation that says it has to be ten percent near american and that we really gaining anything if there's some regulation that says buying american counts as something that's never going to give you an example this is coming next week. martin luther king memorial. the granite came from china. the actual memorial was it was designed not designed but you have designed and sculpture by a chinese. it should have been done in

the color scheme to small free pencils from the customer is so hot on the heels of fake replica apple computers store in the country and also. some of moscow's oldest architectural germs are getting a new lease of life but not in a good way they've been turned into money traps targeting illegal immigrants as our secret pays a visit to uncover the details at r.t. dot com. but trends of hitler's waffen s.s. who fought against the soviet army in world war two have gathered from across europe will rally in a state near locally described as fighters for freedom the fascist veterans were joined by near nazi groups from within the country and our first reports is standing glorification of narcissism is being seen as a feeding the far right resurgent in europe with potentially deadly consequences. of. association of former soldier of love this guy off or on but it's something at the moment you don't think about later would think about and go to school to people but. not for the. same country and most of year at these kind of events abound. in order to hear. it in a sting it's a different story altogeth

somebody smashed the windows of the computer lab and stole fiver apple computers worth thousands of dollars. this is the fourth school burglary in palo alto in the past six weeks. computer equipment was stolen in each of the cases. the police think maybe the same thieves did them all. >>> the golden gate bridge has new measures in place to try to cut down on congestion on the eastern sidewalk. the bridge district painted these new lanes separating bicyclists and tourists and pedestrians. normally the western sidewalk is set aside for bicyclists. right now it's under going a seismic retro fit project. pedestrians and bicyclists will have to share the eastern walkway until the western side reopens in september. >>> problem averted the debt crisis by signing last minute legislation to increase the u.s. debt ceiling. now analysts are looking at what the $2 trillion in federal cuts will mean to states. coming up we'll have a live report from our washington, d.c. newsroom with the federally funded state projects now considered at risk. >>> google faces new legal problems in europe. the search gia

one is idisk, any of you have who apple computer, there's an option to store your pictures, data files, your videos so that they are not stored on your computer, if you went to the web cafe or friends house and log in through a url and have access through your own passwords to your specific information. other example is google, gmail, yahoo! mail that is cloud based, where you are logging into a web site that's particular to you. to underscore that point, google and gmail, which started as more of a personal usage functionality increasingly, i hear, so many businesses that are using google dox. which is business' ability to store very large files, allow people in multiple locations geographically to access them, without having them stored, storage fees from an operations perspective, or reduced for the company. because google is paying to run all of the computers that are storing all of that information. with that baseline, now you over lay the entertainment services, and any of you that use kindle, if you have an kindle and iphone, you can put a kindle app on your iphone. it'll sink.

. >> sky has officially landed on the ipad is for apple computers it allows audio calls and two-way videocalls on the ipad to. users will be able to use in cinematic scene during a video call. >> t mobile is to add a carrier pigeon can make purchases and ability earphone not number it is expected to go live later on this month >> 453 a m. we will take a quick break we will be right back alive look from our roof camera. @p@po' cedras is doubly certain credit in a taxi driver kit in catching a rober robertber >> this will minute epic is talking on the fun and is it going to be robbed them by the man walking behind her and if you put the video back in slow motion so you can see it again and alert taxicab happen to be it the right place at the right time there are 200 taxis in the area that have cameras that gabby then picked up a woman and let her use his bound to contact police this is a mug shot of that leave that cameras are mounted inside the cab it was used to monitor drivers habits and also to record patrons if they misbehaved in the back of the cab. >> will do our top stories weather

that's where the 21-year-old jobs and his friend steve walkios put computer components into a plastic case, that became apple's first computer. they founded it back in 1976. they incorporated in 1977 and went public in 1980. apple introduced the mcintosh computer. jobs left in 1985 but then returned in 1997. a series of successes would follow the i pod in 2001. i tunes in 2003, the iphone in 2007, and the i pad in 2010. in 2009 jobs would announce that he had a liver transplanet explaining a medical leave and just yesterday he resigned as ceo. you can go to our website it's ktvu.com for the latest any time on if transition at the very top of the apple corporation. >>> warren buffet is coming to the rescue of bank of america and may have already learned more than a billion dollars as a result. the hathaway ceo invested $5 million in the bank today. buffet says bank of america is a strong company and i wanted to invest in it. today b of a stocks surged closing up. buffet may have earned $1.4 billion on the deal in just one day. >>> it appears buffet will be spending some of his billions trying to get president o

they stole five apple computers worth thousands of dollars. this is the fourth school billing in the past few weeks. computer work was stole opinion >>> it's 5:04 a house fire is under investigation. firefighters were leaving a national night out event when they saw smoke on augusta drive around 7:00 last night. when screws got there, there were flames and heavy smoke coming out of the house. at one point the neighbors fence started burning raising concerns the fire could spread to other homes. crews managed to put the fire out before that happened. >> neighbors came across the street. people were trying to kick the door down. one man actually did that but the house was so smoky he couldn't go inside. neighbors tried to grab the elderly neighbors. >> there was a dog inside the house at the time. firefighters were able to rescue it. no one was hurt. >>> all stores will reopen after a small fire. it started around 7:00 last night in the common area between macy's and kohls. the fire was burning in lighting fixtures in the ceiling and quickly put

again, if you don't start recognizing what is causing businesses to hold back -- for example, apple computerr $80 billion that it's holding in offshore banks because of the tax bill that it gets if it rebatery yates the money. one way to bring more money back and to get it invested is to let them bring money back without facing the highest corporate tax rate we have anywhere in the world. that's part of tax reform. even president obama -- >> okay. i got it now. >> president obama said he wouldn't bring down corporate tax rates. >> in order to get some people that outsource jobs, took advantage of loopholes at the expense of americans that were working. >> what loopholes? >> we need to lure them, bribe them back into bringing back money they made from us in the first place and that's good government? >> no, this is money they made overseas that we would like them to bring to the u.s. >> but they're american companies that should have -- >> they're global companies. >> in many cases should never have had the right to go overseas, using loop holes and enjoy what they do in america. we need to b

apple's shares finished lower by just about one% on thursday. >> anyone can make music now. >> steve jobs stands out as a visionary to transform the way people relate to computer technology. unr s leadership, apple products became a must-have all items. he was the guiding force behind the ipod, kaifeng, and ipad. >> -- the iphone, and ipad. >> steve jobs since the way that we handle music. he changed the way we use computers. >> as apple continued to grow, so did criticism of the corporation. there have been concerns about labor cditions anth chinese factories. even so, apple possible as market trend setter is undisputed. on thursday, a german court ruled that the south korean firm could not sell its galaxy task in germany. >> shares in bank of america soared by as much as 26% in early trading thursday after billionaire warren buffett announced he was investing $5 billion in the struggling financial institution. he is stepping in to help the bank and the same way he helped prop up goldman sachs and general electric. the move bolsters confident and the banking sector. in recent days, shares in bank of america have plunged amid rumors that it was having major li

look at apple computer, they'll have about $100 billion in cash. these companies that know what they're doing. we don't blank the economic time will be. pay often your debt. try the pay it off. and your investment, make sure do you this and try to take care of the basics. we don't know what will happen in this economy. >> thanks so much for that. you've got a great hair cut. to get more information from eric, you can to go his website. >> we're twins, right? >> that's right. that's right. go to his website. >>> the latest jobs report, many job seekers looking for work know the search is a full-time job. a new push by the president may help. what if we designed an electric motorcycle? what if we turned trash into surfboards? whatever your what if is, the new sprint biz 360 has custom solutions to make it happen, including mobile payment processing, instant hot spots, and 4g devices like the motorola photon. so let's all keep asking the big what ifs. sprint business specialists can help you find the answers. sprint. america's favorite 4g network. tro

apple computer became the most valuable company in america, it beat out exxon mobil, but just for a momentoney news, christine romance. in looking at markets, the futures are look great. now i'm thinking somebody on wall street is making a lot of money because of all this up and down of the stock market. >> people always make a lot of money when there's volatility. people lose money as well. this is when i usually give my morning market call, but i'm not going to because it's completely volatile. futures are down right now, dow down about 20 points or so. so that's indicating a little bit of skittishness this morning. it's all about sort of day two, parsing the fed and what the fed's statement, as you heard from diane swonk earlier, it will keep rates exceptionally low through at least 2013. for those of us covering the markets for a long time, it's unheard of for the fed to give a clear assessment of how long it's going to do something, also saying it has an array of policy tools that it can use. we'll see how that plays out today. still, carol, volatile, volatile, volatile. any piece of

. >> all right, scott budman reporting live from the cupertino headquarters of apple computers. and they were saying people are taking pictures now in front of that iconic apple logo. joining us for more perspective is our business and technology expert, scott mcgrew. we go from one scott to the other. this has been a remarkable afternoon. >> you've been covering steve jobs obviously for a very long time. >> since it was eight bucks a share. >> did you buy any then? >> no. >> we've heard other media analysts say when jobs goes, even though tim cook can run the operations in a competent way, the magic goes with steve jobs. what do you think about that, and historically how have other big companies that have been in a similar position where the visionary leaves, how do they survive? >> that's a good question right there. historically, let's look at another big company. that would be hewlett-packard. when dave packard and bill hewlett left, the company was never the same. they founded the company, they brought their dna to it. we know what problems hewlett-packard has had ever since

computing. >> by putting android on as many mobile phones as possible, google is taking a page from windows which dominated apple by getting on many different computers, while apple stuck with its own system, run only by its own twice. >> google is not stupid to want to be on is a many choices as possible. >> to give you how important getting detroit right to gookle is this. it's given away free to mobile phonemakers just to get it out there and bring google to your pocket. >> alan: hundreds of people walked to help women in the bay area fight breast cancer today. on abc-7's own carolyn tyler and other media personalities helped organize the walk. the event honors a well-respected reporter here in the bay area who died of breast cancer. the faith breast cancer challenge red wings -- raise is money for uninsured and underinsured woman who have to undergore breast cancer treatment. >> leigh: we're going to see a little more sunshine tomorrow afternoon. much of the bay area just socked the today with this overcast, and you can see from the high definition east bay cam -- well, you can't see it but a little fuzzy. w

when he founded apple computer he completely transform the computer industry from a command-and-control mainframe model to individual empowerment desktop model. he made that happen. a few years later he bought an obscure little digital rendering company on fire so when george lucas did to get rid of it called pixar. he had this idea that this could be used to great full-length animated movies. he thought that would be pretty cool. he would like to see a movie like that actually found this guy named john lasseter and to work together on a move that would eventually be called boy story. is that somebody is years on and so much of steve jobs money, he came here to personal bankruptcy fun epic they almost discontinued toys door at the last day. he did a military path and did deal with disney. it is when the top grossing movies of all time. it's had two sequels which are also on the top list. he did it not to make money, he just thought it was cool. i remember beating steve jobs in the cable in a resort in hawaii years back were both adjunct children. and i went with my daughter into the poo

staying in the digital world, 30 years ago, ibm introduced its first personal computer. apple was already on the market. ibm andy dos operating system became the standard. since then, the computing industry has been transformed as the pc is on its way out. it was ibm's clunky machine that got the ball rolling in 1981. >> back then, it was the most futuristic technology of all. now looks quaint. the ibm 5150 change the world. in the 1950's, this was a mini computer. it was a pc small enough for a desk or living room. >> it was not technologically perfect, but ibm was a big name. >> ibm developed the personal computer in an amazingly short time, just a few months, buying technology from other companies. myt>> the first pc could only display four colors on its screen. in the basic person, it had no sound aside from a simple tone buzzer. >> cheaper versions from competitors copper the market, but they had to be ibm compatible. it took until the end of the 1980's forced ibm to lose its dominance. they did not foresee that the future belongs to little laptops. >> israel is the focus

google is taking a page from microsoft's windows back in the '90s, which dominated apple by getting on many different computersapple, back then, just like the iphone today, stuck with its own system run only by its own device. >> i mean, google is not stupid to want to be on as many choices as possible. people like choice. walk into a supermarket, there's 400 kinds of cereal. so, apple is making their bet that this is what you want. android is making the opposite bet. >> reporter: to give you some perspective on how important getting android right is to google, consider this. it is essentially gichb away free to mobile phone makers just to get it out there and bring google to your pocket. how much pressure is there on someone like you here, mobile? i mean, google's got to be playing big, big, big time in mobile. >> i think we have -- we are getting a lot of attention and focus. it's both positive and negative. there's a lot of pressure, obviously. people have very high expectations. >> reporter: after all, a phone is no longer just for making calls. >> navigate to nearest grocery store. >> reporter: and at goo

know of the people in the across-the-board in any organization people struggle like a place like apple computer and probably the one steve jobs and that kind to encourage this kind of innovation, but actually i think in my experience the army and the marine corps in the army we've got are quite innovative and really are -- i don't know how they do it, but the culture does value that. again, it starts at the top. whoever brings it, creates the atmosphere that allows people to step outside. nobody does anything. it's a tough question. that's for sure. >> [inaudible] in the last month i go on over [inaudible] and things of that nature and virtually stand down briefings where i would ask the question and also we may be card-carrying orange all you people, it's very difficult for the squad level soldier to define what honor is. you're not coming into the army knowing what honor is, so for us to define it for ourselves to get something like this to put it together is very important. having the conversation with soldiers cross pollinating so to speak is very helpful in using the examples. the people l

across the board with any organization, people struggle like apple computer those are the ones like steve jobs to encourages innovation but the army and marine corps are quite too innovative. i don't know how, but the culture does value that. it starts at the top. whoever creates the atmosphere that allows people to step outside their role. if it is the wrong person at the top nobody raises their hand to do anything. >> [inaudible] talk about has the moral values of that nature. and unfortunately although we may be card carrying values for us to define what honor is. but in knowing what it is to save something for ourselves but across pollinating is helpful so to speak but the coach from ohio state, but two. [laughter] [inaudible] but we need to have those conversations among ourselves and even though we may come from different places but have the atheist agnostics and religion perspective, i am not squared away with bad guy up above the pact calls from other soldiers when the rubber hits the road and you are ready to the, one mco who is an atheist he has the army values to follow. >> cou

and apple will make ipads more important than lap top computers, apple's customers realize apple won't be the same without steve jobs at the helm oo. i think it's big. he's apple. soy think it's big. >> it's been done pretty wofrl the last few decades. yeah. we'll see what happens. >> and i just hope they find someone as innovative as he was and a forward thinker. you know? think outside of the box. >> and jobs asked the board to name him chairman of the board. and they agreed to do that. so jobs is expected to be an ongoing creative force behind the scenes but we don't know if he'll be making anymore public appearances. as you know people have been concerned about his weight loss and that weight loss caused so much speculation about his condition. earlier, steve jobs called this the post pc era. today, apple enters post-steve jobs era. david louie abc 7 news. >> thank you very much. and news about jobs is not going over well on wall street n two and a half hours apple stock has fallen 5% that is $19 a share. or $18 billion in value in after hours trading. >> and protester who's disrup

the co-founder of the computing giant apple, steve jobs, has resigned as the company chief executiveh immediate effect. he has been on medical leave since january this year. having survived pancreatic cancer. [applause] >> good morning. >> wearing his trademark trial next order, he has been the public face of apple is well as the technological mastermind. >> we have been working on this product for a while and i did not want to mess today appeared >> after his last public appearance back in march, there was probably as much attention paid to the state of his health as there was to the launch of the new ipad. from the imac computer to the iphone and the ipod and the ipad, steve jobs has turned apple into one of the most powerful companies in the world. after a cancer scare and liver transplant and an indefinite period of medical leave, it appears that he is no longer well enough to remain at the helm. the news that he is standing down has come in as a shock to many. >> he set the standard. hopefully, people will honor what he started and continue to make great products and only improv

jobs not only cotowned apple and the personal computer industry along with it but decades later he played a key part in reshaping the community. >> i think apple will continue not just being the wealthiest company on earth but being the most impactful computer company on the planet for the next 25 years. >> jobs will stay on as chairman. he's been on medical leave since january. two years ago he took a leave of absence saying he had a hormone imbalance. later it was revealed he had a live transplant. we will see more of the impact of jobs departure next month when apple is rumored to release the iphone 5. >> the fallout is already hitting the stock market. also the stock of some of apple's rivals has been boosted especially in asia. we have posted steve jobs resignation letter for you to see. it's on our channel 2 website. go to ktvu.com and look under the steve jobs tab. >>> several community groups are suing the city 06 san francisco over the battle of cable bobs. critics say the cable boxes are an eyesore. >>> the bay area's foggy weather is causing frustrating delays. we are joined by