pixar, who could have so many successes, one after another after another. and really no failures.t echoes what jack was saying about him being the most prominent business leader, especially in technology, of our time. probably the century type thinking. it's just too unbelievable. >> you're still an apple employee, aren't you? >> i'm still an apple employee, and i receive a small paycheck. but it's because i want to -- >> how much do you get? >> i think it's a couple hundred bucks every two weeks. it really truly is small. >> do you have any interest in the company? >> it should be $1. 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 walki

. >> at the bay view safe haven, we have a project with pixar. that's going on through this summer as well. we also have another project with another participant in my program, will be taking a flight to the colorado film festival where he one a prize for a film he did about his brother in hunter's point. i will be running a right's of passage at joe lee. so our number, 4 one 5. 824-4098. i can give you a whole slew of activities. >> i just wanted to say, we had been in a conversation with maya and we are planning with a pilot program to develop an 8-week program where mondays would be career explorations. they are going to visit art musicians and bank of america and the career paths they have chosen and then there are discussions about attitude and hygiene. how do you present yourself so people want to engage with you. we are trying to work with the mayor's office and d.c. yn. >> there are a couple of youth empowerments. and the whole goal of that fund, which john may know about the details is to empower the people to be the victors of their des

most of his wealth comes from pixar.the way films were made and the way children perceive films. >> sam stein mentioned the reports from the budget office and the sobering outlook. the group projecting a third consecutive year with deficits in excess of $1 trillion. a long road to recovery. the ceo finds a deficit of $1.3 trillion for 2011. $3.7 trillion in debt over ten years and continued debt growth beyond 2012. the cbo fipds unemployment will remain above 8% until 2014. jobless rates currently stand at 9.1%. john boehner calls it underwhelming. he said the president's plan was supposed to keep that from happening. it's helped put our nation's credit rating in jeopardy. where are the jobs asks boehner. they are looking to cut at least $1.5 trillion in debt over ten years. in a joint statement, the co-chairman say committee members are looking back before they begin to move forward. committee members are reviewing the deficit work that many engaged in over the past several years. it's important to get it right the firs

take for example that he bought pixar from george lucas for $10 million. a little film you might remember toy story came out and then he turned around and sold pixar to disney for $7.4 billion. grace? >> when you put like that it puts it in perspective. stephanie chuang in cupertino, thank you. >>> you can find complete coverage of jobs' resignation and more at cbssf.com. >>> former giants slugger barry bonds back in court today. his lawyer may push for a new trial. that's if they can't convince a judge to set aside his felony conviction. anne makovec outside the federal courthouse in san francisco with more on barry's big day. the saga continues, i guess, anne. good morning. >> reporter: it does continue. we know he has already been convicted on one count of lying to a grand jury. and today things could get much worse for him. or they could get much better if the judge decides to throw that count out. but really doesn't seem to be any worse for the wear if you look at these pictures from last night at the giants game. he is smiling, looking to be in very

the ipad is changing our way of life and film animation pivots around pixar, the studio he bought from george lucas and is the reason we all know who buzz lightyear is. >> to infinity and beyond. >> people think of steve jobs as a tech visionary, but he is a consumer visionary. he's a visionary for how we use and relate to the products that are going to change our lives, even before we know that they're going to change our lives. >> reporter: jobs impact has come not just from his ability to make products to humanize them. you didn't need a manual to start a macintosh, it just fired up. and the mouse, as big a game changer as any when it came out, had already been invented, jobs is the one who sold it. over the years he's been called difficult, mysterious, quirky, a manager for whom good is never good enough. >> i think if you do something and it turns out pretty good, then you should go do something else wonderful. >> reporter: some call jobs the greatest industrialist of our time, equal to henry ford or thomas edison, a reputation that sadly has been built as he's confronted his own

he plots -- bought pixar. he is a very busy guy. he has been suffering from health issues in recent years. >> briefly, what happens to apple now? can it do as well without him? >> i think it can at least in the short term. we will see about the long-term vision that tim cook has for the company. we stop the stock price stabilized today. the product is so well known everywhere that they would have to do a lot to waste that. is solidly in place. we have to see what happens with steve jobs himself. hopefully he is an ok shape. a lot of eyes peering attention to steve jobs and the future of apple. >> alright. thank you very much. now to another tech giant with even more remarkable global reach, if that is possible. no googles review is ubiquitous around the world, but did you ever think it could make it to the most remote corners of the globe? >> these dolphins are in the heart of a tropical jungle. such rare creatures. their habitat and the ecosystem around them are coming to your computer screen because google's street you technology

along the way he managed to launch pixar into the history books with its string of hits. sell it to disney, become disney's largest shareholder. for this titan of american business who was once ceo of two major companies at the same time to relinquish the ceo volley a big deal. >> he's revolutionized how we communicate and enjoy our lives for many of us. part of his resignation letter to the board of directors, "i believe apple's brightest and most innovative days are ahead of it." that's a bold statement coming from jobs. is that really to maybe quell the -- the interest around the world this terms of the stock? >> well, steve jobs has lived and breathed that idea from the beginning. he had to believe that to come back and have the energy and vision to keep it going forward. for the investors out there who are wondering what this means for the stock, i would just break down a couple of thing. first of all, it's always said don't panic, have a reason for what it is that you're deciding to do one way or the other. the other thing i would point out, the way the market works

following scene, the cabbage patch, he found pixar, and then defeats bill gates in a light saber battleff the grim reaper with a liver transplant. wow. it ends with jobs and apple's new ceo fighting robots from google's android system. can't wait until they make animation of channel 7. >> that will be depicted. >> and we're going to switch gears now. only gunfire heard today in tripoli was celebration. the first holy days in the post-gaddafi era. >> and questions answered in the compound. >> and what is up with wells fargo's new debit card fees? can you expect your bank to follow suit? i'm michael finney. your consumer questions answered, next. >> and later on abc 7 news at 5:00 violence in a concert that could silence one south bay city's music in the mark. [ female announcer ] at the jcpenney as big as it gets sale, find 50% off all arizona tops and bottoms for back to school! check out our biggest 4 hour steals this saturday! save 50% on flannels for guys, jeans for kids, tops & bottoms for juniors, plus schoolbags, too! the savings get even bigger with jcp cash! earn $10 off when yo

he also co-founded pixar studios which includes animated movies like "toy story" a.rly 2009 jobs announced he was taking a six-month medical leave of absence from the firm. now, during that time, the 54-year-old underwent a live transplant. he was reunited with his work later on that year, but took medical leave once again in early 2011 and then late on wednesday, as we now know, he announced his resignation as ceo. >> amazing reaction on the stock price of apple. not surprising really, nina, because certainly steve jobs was sin on news with apple's performance. 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 tal

and pixar. who could have so many successes one after another after another and really no failures? >> he was sacked by apple at one stage, but he certainly bounced back. wozniak talking about his former colleague, steve jobs. >> we lauf good comeback. gordon gekko famously said that, too. what about a comeback some always a chance. and about if n. a few hours time, we'll know when the federal reserve or central bank there stands -- we'll know where it stands on extra support for the world's largest which i. we are of course talking about quantitative easing.which i. we are of course talking about quantitative easing. it was this time last year that ben bernanke introduced qe-2. that was an unconventional measure to support the country's fragile economy. just this year, the political environment may have proved a little more challenging as maggie lake explains. >> reporter: it was the comment that took the u.s. political world by surprise. >> printing more money to play politics at this particular time in american history is almost treasonous in my opinion. >> reporter: with that, t

and on the side, while he was doing all that, he bought a little company called pixar and turned it into most successful studio this hollywood and revolutionized animation. >> suarez: charles golvin, it's famously told that story and told again with jobs coming back to the company when it was on the verge of bankruptcy. what did he do to shake it up? what happened next? >> well, he-- i think he reinvigorated the passion of the people who had come to apple who had always cared so deeply about the great products that they made. in your piece, you heard that quote from him about just having this incredible passion for making great products. and he came with his first vision of the original i-mac, the different colors -- no commuter had been colored anything but gray before that. he launched that first product. i think more than anything else, he resurrected that belief that wasalatent in all those people in the company that they could once again make great products and change the way people use computers and in the future use musicking and now telecommunications, and then re invented the wa

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 pool and steve jobs is in there. i recognizing. he sticks out his hand and says hi, i'm steve, i make movies. what do you do? what else has he done? he created itunes and ipod. he completely transform computers. comp

let's not forget pixar, giving animation a big high-tech boost. steve jobs the biggest shareholder of disney. i'm not going to eulogize jobs, he is still around, as is apple and the legacy is found all over silicon valley and the world, not just in the products but even in the wealth created. since jobs came back in the year 2000, apple shares have gained more than 4,000%. that's a lot of job creation, a lot of wealth to stimulate the economy, both here in silicon valley and around the country. those investors reacting to the news of steve jobs stepping down as ceo tonight. apple shares trading about 5% lower, holding steady. it was about 5% lower when the news first came out as investors digest this news as they will continue to do. again, steve jobs abruptly resigning his post as ceo. we're reporting live from a stunned apple headquarters. back to you. >> let's turn our attention to tim cook. it's been expected that he would be the successor to jobs, he's been running the day-to-day operations, but is he up to the job of being jobs? >> reporter:

. >> and speaking to his almost golden touch, in pixar, in the '80s, when he left apple, he created "rything he touches seems to turn to gold. >> apple was on the brink of bankruptcy in '97. he turned the whole thing around now the second most profitable company in the country. it's amazing. very amazing story. >> very innovative, indeed. >>> in other news, now. turning to hurricane irene. forecasters say it could be the worst hurricane to strike the northeast in two decades. the bahamas have been taking a pounding since last night. and cape hatteras could be the next target. our coverage begins with wcbd's steve dorsey along the north carolina shore. >> reporter: hurricane irene remains days away from affecting the carolina coast. but some folks aren't taking any chances. dozens of vehicles have rolled off ferries, carrying people evacuating ocracoke island. emergency officials are telling visitors and residents to leave. the fragile vacation destination could likely experience irene's lash of waves, strong winds and heavy rains. long-time ocracoke tourist says conditions on the isla

. >> now that the pixar finalize, tell us a little more about who was selected starting with the democrats who finalized their picks. >> nancy pelosi pick to three members of her leadership circle to serve on the committee. chris van hollen had really been the face in recent months. jim clyburn, the no. 3 leader of house leadership and the only african-american on the panel was chosen as well. he is close to the obama administration, and is a former whip with close ties across this very diverse caucus. the third pick is xavier becc erra. he is the only hispanic who will be on the committee. he is also on the ways and means committee. he served last year on the joint fiscal commission that the president set up. he served and voted against its recommendation. none of these picks are particularly surprising outside of the mainstream. >> did the democratic senatorial picks surprise you at all? any unexpected? >> well, will be the only woman on the panel --patty murray will be the only woman on the panel. she has been very fiercely critical of the attempts by house republicans in particular to

obscure little digital rendering company on fire sale when george lucas needed to get rid of it, called pixar had this idea that this could be used to create full-length animated movies. he thought that would be pretty cool. he would like to see a movie like that so he found this guy named john lasseter and they worked on a movie that would eventually be called toy story. he spent so many years on it and so much a steve jobs's when he came near to personal bankruptcy funding it and they also almost and discontinued boy story. toy stories in the top 10 dig is grossing movies of all time. has had two sequels which are on this top 10 list for the biggest grossing movies of all-time all time and he did it not to make money. he just thought it was cool. i remember meeting steve jobs in the kiddie pool and a resort in hawaii years back when we both had young children, and i went with my daughter into the pool and steve jobs is in there. he sticks out his hand and he says hi, my name is steve. i make movies. what do you do? the secret is to just love your work. what else has he done? he created itun

obscure little digital rendering company on fire sale when george lucas needed to get rid of it, called pixarhe had this idea that this could be used to create full-length animated movies. he thought that would be pretty cool. he would like to see a movie like that so he found this guy named john lasseter and they worked on a movie that would eventually be called toy story. he spent so many years on it and so much a steve jobs's when he came near to personal bankruptcy funding it and they also almost and discontinued boy story. toy stories in the top 10 dig is grossing movies of all time. has had two sequels which are on this top 10 list for the biggest grossing movies of all-time all time and he did it not to make money. he just thought it was cool. i remember meeting steve jobs in the kiddie pool and a resort in hawaii years back when we both had young children, and i went with my daughter into the pool and steve jobs is in there. he sticks out his hand and he says hi, my name is steve. i make movies. what do you do? the secret is to just love your work. what else has he done? he created it

obscure little digital rendering company on fire sale when george lucas needed to get rid of it, called pixare had this idea that this could be used to create full-length animated movies. he thought that would be pretty cool. he would like to see a movie like that so he found this guy named john lasseter and they worked on a movie that would eventually be called toy story. he spent so many years on it and so much a steve jobs's when he came near to personal bankruptcy funding it and they also almost and discontinued boy story. toy stories in the top 10 dig is grossing movies of all time. has had two sequels which are on this top 10 list for the biggest grossing movies of all-time all time and he did it not to make money. he just thought it was cool. i remember meeting steve jobs in the kiddie pool and a resort in hawaii years back when we both had young children, and i went with my daughter into the pool and steve jobs is in there. he sticks out his hand and he says hi, my name is steve. i make movies. what do you do? the secret is to just love your work. what else has he done? he created itu

the chancellor then is going to >> now that the pixar finalize comment tell us more about who was selectedtarted with the democrats' tax >> he picked three numbers of the leadership circle. jim clyburn and the only african-american on the panel was chosen. he has done across this caucus. no. 5 member. he is the only hispanic is on this committee. and none of these are particularly surprising. whether any unexpected ones there? >> i think she will be the only woman on the panel. she will be the only one man. she will be the pick. she has been fiercely critical. she is respected. it was interested to see her pick. john kerry has a natural stature. he has not been a leading figure. this is an interesting paper to see him on there. it they have been either involved in the gain of six negotiations are some of the other. max baucus has not been offering a huge plan of his own. none of the democrats really would look at them and say that to someone who will be a rogue. i think these are all people who are entrusted with in the democratic caucus to negotiate. >> let's look at patty murray's partne