, which means apple fans everywhere are buzzing. >> over here is another -- iconic computer. is is the apple one. >> it sits in a corner under a subtle light inside silicon valley's computer history museum. but every once in a while, the apple one takes center stage when one of the few remaining models goes up for auction. >> it was conceived at a time when a computer in your house or the idea of a personal computer was ludicrous. >> that is the museum curator. he says the last auctioned apple one, original price, $666.66 went for $640,000. >> the people that wanted to afford one of these at a time that maybe couldn't can now afford them. they're middle aged and have good incomes. the second thing, the court said that steve jobs made anything from the early apple days interesting and desirable. >> reporter: it also may be nos nostalgia fuelled by modern success, with everyone around you owning one of these maybe it is extra special to have one of these. >> i mean, it is definitely part of the apple lore, without the apple one, the apple computer would not have been formed and

computer stores. jobs used it to get parts for the apple i.s' parents' garage, where the first apples were assembled, has entered entrepreneurial folklore as the log cabin birthplace of the personal computer. here wozniak tested the apple i and future models. jobs wrote advertising and managed the money. the characterization that steve jobs was the marketeer, the promoter, was absolutely true and that steve wozniak was the technologist. jobs really forced the company to happen. he solved the problems. he hired the people. he made sure the company was pushed into a real organization. and of course, mike markkula also helped a great deal. marketing expert markkula was so impressed with the computer, he took money he'd made at intel and provided capital in return for partnership. the threesome began developing the apple ii for a 1977 computer fair. we got the units the day before. we carved off the excess shavings on them, made them look presentable, put our boards in, and it was a working apple ii. journalist michael moritz wrote a history of ap

but wait until you >>> if you've ever bought an apple computer you know they can be pricey.paid for a vintage apple 1 computer. a record $668,000. the german auction house that sold it claims it is one of only six remaining functioning moll eds in the world. open -- models in the world. they hand craft about 200 of those in their garage back in the '70s. at the time they sold for just $666. >>> well, graduation day at san francisco state university and in year's ceremony was -- this year's ceremony was unlike any other. that's because a record number of students are graduating. 8,738 to be exact. larry bear the president and ceo of the san francisco giants delivered the keynote address. bear said it's humbling to be a gator. even just for a day. >> you've had the benefit of spending your college career on one of the country's most diverse campuses. in one of the country's most progressive cities. look around. the answers are in each other. thank you and congratulations to the class of 2013. [ cheering and applause ] >> about 20,000 people attended today's ceremony including

apple as well. doa consequence, many people this without the buyer of this computer. also up for auction, the world's first commercial mouse controlled computer. 11,000 were produced in 1983. it cost under $10,000. i at auction -- others for sale include a shelti eight -- shelby 8h. the firstone, computer to have an intel processor at its heart. >> this machine needs half a second for addition and one second for multiplication. personal computers are working with several hundreds of millions of transistors. which end upmines as junk and what could be tens of thousands in the years ahead. > >> if there was a small number of them that were made, that makes it a much more treasured machine. if they have been massed reduced, there will be hundreds or even millions around. in the case of the apple i, there were 200 machines made. 50 still left in the world. that makes it -- it is quite difficult to come by and apple i computer. >> interest in vintage technology has been growing. the auction house hopes this will draw bidders to pay more for their competing case in history.

is exactly the same thing but on the manufacturing side and people jump out of apple computer buildings and they have nets around the factories to catch all the suicide people. export their suicide to united states. because reporting a couple of hours from now come your way in just a moment after the break to look beyond the corporate sponsored business news headlines that is in prime interest stay with the salty most. the illusion of safety trumping you're right seems to be the main political theme of post nine eleven america i noticed pushing the keep you safe in any cost more than new york billionaire mayor michael bloomberg who recently had to defend his stop and frisk strategy after giving a speech to police brass stop and frisk is the practice of just being able to search anyone in new york at any time for any reason with your hands this gestapo style practice has been in place since two thousand and two but thankfully was finally recently found to be unconstitutional by a federal judge you know the fourth amendment all the talk about no one laws. search and seizure seems pretty c

exactly the same thing but on the manufacturing side and people jump out of apple computer buildings and they have nets around the factories to catch all the suicide people. export their suicide to the united states now they interviewed one woman on the streets of london here and she was a student again remember the students have huge amounts of debt so it becomes about personal survival how much you twenty five cents matters a lot to you better safety in bangladesh could raise closing prices by about twenty five percent it bothers me but a lot of retailers are getting their clothes from these places and i can't see how i can change anything twenty one year old university student elizabeth mcneil said clutching a brown paper bag from clothier prime mark the day after a building collapse and savar bangladesh killed at least three hundred eighty one people they definitely need to improve but i'll still shop here it's so cheap of course the number went up to a thousand people who were found dead at this factory but again you know everybody here in the western world lives with huge amoun

. >>> well, if you've ever bought an apple computer you know they can be pricey. but wait until you hear how much one man paid for a vintage apple 1 computer. a record $668,000. the german auction house that sold it claims it's one of only six remaining functioning models in the world, steve jobs and steve wozniak hand craft about 200 of those in their garage back in the '70s and at the time they sold for just $666. >> how would you like to go to space with leonardo dicaprio? >>> apparently somebody did. at the cannes film festival a mystery bidder paid $1.5 million for a seat on a virgin galactic spaceship seated next to leonardo dicaprio. liftoff is set for some time in 2014. the money will be used for aids research. >>> so lenny what are we going to have on the ride to space? i'm the bidder. >> oh! now we know. >> 15 second delay on these guys. anyway -- all right, we'll tell you about a big name bookie for sunday's game day show and when he's got the giants' jersey on. you know him angel pagan. but after his hit in the game today we'll just call him the man. a

. >> happening this weekend an incredibly rare apple computer will be auctioned off in germany. this is the apple 1, built by apple cofounder in 1976, the year that the cupertino giant was founded and it was autographed by him in the 70's and it sold for $666 and today it is worth a lot more, maybe hundred times more possibly fetching $40,000 at auction. there were only 50 of them thought to exist today. >> this is rare, a bay area man has a new way do show his sweetheart that she really lights up his life. he created a special engagement ring for his fiance that lights up when three is around. the 36-year-old, a san francisco engineer, spent five months before giving it to his fiance. she was so excited she didn't let him finish the proposal speech and has to wear a transmitter arm band to make the ring lead up but he says it can be tucked under his jacket which is important because under the wedding tux, what a way to show off to friends, right? >> he has set the bar high. >> holiday weekend, how is the weather? >> or set it low. temperatures are regressing, the weather will ge

tesla argues that gives car dealers ahop monopoly. >> an original apple computer sold for $671,000.purchased as an auction in germany. the computer was one of 200 made in 1976. there are just a half dozen remaining working today. this one has an original monitor, tape players keyboard, and is sign by steve wozniak. >> only 200 built in the garage of steve jones, -- steve jobs, and then apple had a tradein program so they destroyed tradeins. so there's 46 of them today. the holy grail of technology. >> an anonymous person from asia purchased it. >> lots of people are hitting the road this memorial day weekend. aaa says more than 30 million people are traveling more than 50 miles. air travel is down 8%. more people will be traveling by car to avoid the increase in flight fees. >> the price of gas is going down. the national average dropped to 3.64 a gallon. the most expensive gas is in hawai'i. in the bay area, at it down a penny from a week ago. leigh glaser has a check on the hoe forecast. >> leigh: we're going to see in big changes as we head into sunday night and definitely for mo

tesla argues that gives car dealers ahop monopoly. >> an original apple computer sold for $671,000.it was purchased as an auction in germany. the computer was one of 200 made in 1976. there are just a half dozen remaining working today. this one has an original monitor, tape players keyboard, and is sign by steve wozniak. >> only 200 built in the garage of steve jones, -- steve jobs, and then apple had a tradein program so they destroyed tradeins. so there's 46 of them today. the holy grail of technology. >> an anonymous person from asia purchased it. >> lots of people are hitting the road this memorial day weekend. aaa says more than 30 million people are traveling more than 50 miles. air travel is down 8%. more people will be traveling by car to avoid the increase in flight fees. >> the price of gas is going down. the national average dropped to 3.64 a gallon. the most expensive gas is in hawai'i. in the bay area, at it down a penny from a week ago. leigh glaser has a check on the hoe forecast. >> leigh: we're going to see in big changes as we head into sunday night and definitely

an original apple computer sold for $671,000 today. apple 1 was purchased at an auction in germany.of 200 made in 1976. half dozen remain working today. it has a keyboard and signed by steve wozniak. >> there were only 200 built. they came out of the garage of steve jobs. then apple had a trade-in program because they wanted to bring them back so they destroyed a lot of trade-ins. it's really the holy grail of collectible technology. >> than anonymous person from asia purchased it. >> the weather is changing. and clouds are thickening up by sunday night and memorial day, it's not true. it does look like it's going rain around here. live doppler not picking up any rain but we are getting points of mist and drizzle near half moon bay headed up towards parts of the peninsula. keep that in mind low clouds and fog will start to push inland a little further overnight. here is a live look from high definition mount tamalpais camera. i told you at the top of show, winds northwest gusting, sfo 41 miles per hour. in some spots, don't expect those winds to die down much. the strong onshore pus

. >> well, apple computer moving out of its san francisco flagship store but noit knot going far. only moving four blocks away. it's going to be 45% bigger. eleven eyes expected to move out of the building this year. >> warriors will stay alive in game six and win or ruse, wa plan on hostin cmps. the camps are open to kids ages 7-15. and tonight's game going to air on espn tip off:3y beil w bt roracle tweeting throughout the game. and if warriors win you can watch here on abc 7. >> go, warriors. >> so exciting. >> yes. >> let's talk about the weather. it's breezy out there. >> yes. it is. and braezy as well here. morning.plash an ddh showers, much-needed moisture that is now long gone. sunshine and a nice looking afternoon. clouds still hanging around. we're watching for potential for spotty drizzle into overnight hours. we did get trace amounts of rainfall in areas that measured an jose 1/100ths. so that is about all we can squeeze out. higher elevations received more than that. looking at wind gusts, strong, gusting to 32 in fairfield. napa, 30. most of the wind direction coming

. >> that story and the original apple computer. remember the apple 1? bring in our business and tech reporter scott budman. taking us back to 1976? >> no, i'm far too young. going to talk streaming contest first, streaming it over the internet is the hot trend in the entertainment world now and youtube is getting on the newest service, stream things like the moneyets and ultimate fighting. some channels charge a $5 subscription fee, others pay per show. think of it as a mash up between netflix and apple tv. >>> speaking of apple, the apple 1 is about to go to auction. you see there at the computer history museum. the very first computer that jobs and woz made. it initially cost $666.66. the last one that went for auction went for $640,000. it will actually go for auction later this month. we will let you know how much someone is willing to pay for a piece of computer and silicon valley history. back to you guys. >> thank you so much, scott. >>> recapping today's breaking news on the san francisco bay. a training run for the america's cup race turned tra

got an old apple computer? it might be worth a mint. an oldy but goody goes on the auction block for more than a thousand times its original cost. and.coming up in the latest edition of dine and dish we'll take you to a restaurant in san francisco. where a celebrity chef dishes out to his taking the lead to the ocean we can see those clouds coming in over night and these strong winds that have been making for cool and blustery conditions monkey cam kellogg 14-mph 40 m.p.h.-30 m.p.h. and 40's for tonight. because of the low clouds it could be had san francisco will see fog or the entire afternoon. not very good beach day. for the world day holiday some possibility of rain and snow showers with futurecast at 8:00 a.m. areas of rain and drizzle off in the forecast. you might be to use of the cup wipers. notice the fog by noon. the memorial day storm is a riding as 11:00 a.m. rainfall totals are pretty late. tomorrow, 60s in the south bay 60s by the bay. 50s and 60s and your seventh day of a round of a with afternoon clearing and warmer tem

they warn a war must be avoided. >>> as one of the first apple computers that sold at auction for morethe eu is collecting information from apple's rivals to determine whether it's unfairly squeezing its competitors. >> announcer: you're watching "worldwide exchange," bringing you business news from around the global. >> after some concern that tokyo markets were in negative territory, they had somewhat of a recovery trade to is start on monday's session. the u.s. and memorial day, so we are seeing a fairly muted session despite the green across the charts. we've got the cac just shy of the handle. the long term bullish trends remain intact and this is reflected by the buying action. some people have been stuck on the sidelines watching this rally. now there's a re-entry point to this market. the periphery outperforming this market with 16% modest gains on the spanish market. i want to show you how the bond market is stacking up this morning across the boards. we've got ten-year german bund down 1.44%. the jgb is up 0.8%. and the ten-year spanish is still holding 4.36% is wa we've got

is exactly the same thing but on the manufacturing side and people jump out of apple computer buildings and they have nets around the factories to catch all the suicide people. export their suicide to the united states. because a report in full in the next. well stay with us for more international news i'll be back with the news team in about three minutes from now this is all t. life in most. dangerous experiments on prisoners we want to make money and they have healthy guinea pigs in the regular society you know they will be used to prison they wish they could. drug tests on human guinea pigs. to pump deadly pills you couldn't possibly he was killed. he didn't pass away. is pharmacy really about helping people. live. we speak your language. news programs and documentaries and spanish what matters to you breaking news a little tonnage of angola's kid stories. you hear. that all teach spanish find out more visit eye to eye. teeth. if. it is eve fifty fifty. two news a secret laboratory here mccurry was able to build a most sophisticated robot which will unfortunately doesn't give a darn

the issue, apple computers tax practices and whether the company uses gimmicks to avoid paying its fair share. in feisty senate testimony today, ceo tim cook defended apple's practice of storing profits in overseas subsidiaries. a senate report says apple's tactics helped it pay little or no tax anywhere on at least $74 billion in income over the past four years. amon was there and joins us now from washington. amon? >> reporter: hi, tyler. we expected fireworks today at this hearing today. what we didn't expect is we would get those fireworks before tim cook even began to testify. there was a dispute here between senator rand paul of kentucky and senator carl levin, the chairman of this committee. senator paul didn't believe this hearing should be held in the first place. take a listen. >> frankly, i'm offended by the tone and tenor of this hearing. i'm offended by a $4 trillion bullying, berating, and badgering one of america's greatest success stories. if anyone should be on trial here, it should be congress. i frankly think the committee should apologize to apple. i think that the c

give about sixty five thousand of these a year and high tech companies mark zuckerberg because apple computer and everything are saying you know we don't producing unfortunately enough highly skilled workers to fill some of these jobs at the need to fill so they're looking to india and pakistan and the thing is we bring a lot of these kids over here and we give them the best education that they could possibly get but you know we send them away so a lot of members in congress would like to increase that number up to over three hundred thousand a year and the number in this bill was one hundred ten thousand ok that would have to check my math on that i was thinking three but in any case the idea being that some of these highly skilled highly educated people would be creating jobs and entrepreneurship and things like that ok that's all we have time for i think well this is. the chief economist at the tax foundation and michael coleman washington at the albuquerque journal next we have an exclusive interview with the publisher of the transistor then prime interest producer bob inglis and i will t

of open investigations into this i want to change gears for a little bit and just talk about apple computer for a second as it relates to another of your specialties which is looking at the environment because there's a company that doesn't pay any taxes in ireland on one on tens of billions of euros and dollars in income overtly no tax something like one one hundredth of a percent they withhold sixty billion in tax bill revenue in america they claim to be a good corporate. citizen but they're there they're engaged in a massive tax hike sed meanwhile in oklahoma the federal government a sad that they didn't have any money to build shelters is it too far a stretch to say that apple is in fact partially responsible for this disaster in oklahoma by virtue of them not paying taxes that could have been is to save lives howard james howard kunstler well if that's that. somewhat tortured idea but you know i i do think that there's a general belief in the american public that the tax system is ridiculously over a complicated and unfair and you know we provided an awful lot of incentive for corporat

of open investigations into this i want to change gears for a little bit and just talk about apple computer for a second as it relates to another of your specialties which is looking at the environment because there's a company that doesn't pay any taxes in ireland on one on tens of billions of euros and dollars in income overtly no tax something like one one hundredth of a percent they withhold sixty billion taxil revenue in america they claim to be a good corporate. citizen but they're there they're engaged in a massive tax hike sed meanwhile in oklahoma the federal government has said that they didn't have any money to build shelters is it to form a stretch to say that apple is in fact partially responsible for this disaster in oklahoma by virtue of them not paying taxes that could have been is to save lives howard james howard kunstler well if that's the. somewhat tortured idea but you know i i do think that there's a general belief in the american public that the tax system is ridiculously over a complicated and unfair and you know we provide an awful lot of incentive for corporation h

of open investigations into this i want to change gears for a little bit and just talk about apple computer for a second as it relates to another of your specialties which is looking at the environment because there's a company that doesn't pay any taxes in ireland on hunt on tens of billions of euros and dollars in income overtly no tax something like one one hundredth of a percent they withhold sixty billion tax will revenue in america they claim to be a good corporate. citizen but they're there they're engaged in a massive tax hikes meanwhile in oklahoma the federal government to said that they didn't have any money to build shelters is it to form a stretch to say that apple is in fact partially responsible for this disaster in oklahoma by virtue of them not paying taxes that could have been is to save lives howard james howard kunstler well if that's the. somewhat tortured idea but you know i i do think that there's a general belief in the american public that the tax system is ridiculously over a complicated and unfair and you know we we've provided an awful lot of incentive for corpor

. >>> one of apple's first computers is under a german auction louse and 671,000 and the previous record was $640,000 and the apple 6 computers sold for $665 each. >> big difference. >>> yes. >>> it is a story of a robbery which is one for the books. >>> why the last laugh is on and why he tried to get a special memoir dale day treat -- memorial day treat on this memorial day. '7'7!yd$$Ñpjpçam! . >>> it is 6:25 great american is honoring men and women as well as veterans can get free admission by showing proper military i.d. an entire families will pay $20 for tickets that would normally cost $60. oop. >> it happened in the parking lot testified store and there was evidence there was an area of crowded shoppers and everyone involved in the shooting was gone by the time they arrived on the scene. >>> and an armed robbery at a burger king did not go quite as planned. two men fried to rob it but left their getaway car outside. the employee snuck outside and drove it away with no getaway car. >> i never heard of assist driving there and trying to hide it. >> the two men were both arrested. >

for instance you have apple computer here just. that it. didn't work stockholders. leveraging a doctor dr hans and if i can just cut in for a second they're focused on apple for a second because they outsourced all their jobs to china so they're not in america they have billions of dollars parked overseas that they're not going to pay tax on but are going to take advantage of these artificially low rates to create a fifty billion dollars bond offering to buy back stock pay dividends to benefit the shareholders and executives of the company so the middle class gets nothing once again apple it's really a travesty but unfortunately we're out of time so we're going to have you back again soon the book is called the bubble and beyond it's a follow up to the classic super imperialism dr michael wacha thanks for being on the kaiser report thank you very much and that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert i want to thank our guest dr michael hudson of michael dash hudson dot com if you'd like to send us an e-mail please d

paper side of the equation bond issuance has never been higher trillions of dollars of bonds apple computer just to avoid paying taxes is going to issue another fifty billion in bonds us more paper but yet the price of paper has never been higher and the u.s. and u.k. bonds are guilty of government bonds or three under your eyes based on increased supply so the supply demand as a word to him or what's going on the valuation of bombs equities and all the rest of it is tied completely to interest rates at the moment is completely two interest rates they are ignoring if you like on the underlying front fundamentals to a large extent so it's completely driven by interest rates and of course with interest rates at zero or very close to zero there is only one way over a period of time move they can go and that's going to be up and the thing i think that will trigger that is that money will start to move out of capital markets into something else and what that something else is we don't know stage. but if it starts washing out of capital markets then it will do so because there is a if you like a

a trillion dollars and debt indebtedness including margin debt and other bond schemes you see apple computer instead of patriot pates writing the money overseas they made and paying a tax on that which would that they would have paid a nine billion dollar tax which would have gone into the ability of america to create jobs they are just trying to increase debt because interest rates are low due to the fact that we just mentioned that the central banks around the world are engineering this irrigation like system of putting money into the pockets of the martin gayle spinning fraudsters and banks there's all the propping the rest the world of a job at a savings rate and any kind of claim to decency and this is why people are rising up and getting you know toward this notion of a bloody uprising because they've had their dignity stolen from them by wall street by lloyd blankfein by jamie diamond and you mentioned quantitative easing. finally cut to a quote here from zero hedge in a tweet the level of stupidity of people trying to justify all time market highs with plunging fundamentals is that q

apple computer and everything they're saying you know we don't producing unfortunately enough highly skilled workers to fill some of these jobs at the need to fill so they're looking to india and pakistan and the thing is we bring a lot of these kids over here and we give them the best education that they could possibly get but you know we send them away so a lot of members in congress would like to increase that number up to over three hundred thousand a year and the number in this bill was one hundred ten thousand ok that would have to check my math on that i was thinking but in any case the idea being that some of these highly skilled highly educated people would be creating jobs and entrepreneurship and things like that that's all we have time for. well this is. the chief economist at the tax foundation and michael coleman washington at the albuquerque journal next we have an exclusive interview with the publisher of the trans then prime interest producer bob inglis and i will talk about. hunger strike just pushed to the limit. the one hundred guantanamo deep. the means are screa