in terms of steve jobs, how would you describe him? this guy's tough to work for -- demanding and very perfectist, correct? >> absolutely. i mean, that is legendary as far as how much of a perfectionist he is. look at the products he gets out of it. extraordinary products that they can sell at a premium. the average laptop coming out of apple is far more expensive than anything else. and then of course look at everything that everybody's tried to do with tablets, copying apple. he got it right the first time, and the most amazing thing about steve jobs is he seems to know what it is we want before we know we want them. like the ipad. that sort of culture, if he can -- if he's infuseded that into apple, then apple will at least in the short term, the next five, seven years, be just fine. >> right. so he is stepping down as ceo, but it sounds like he's still going play a role with apple. how important is that for apple's stability and success in the future? >> i think it is very important. and we don't know day to day exactly how often s

>> i don't think you can learn how to be steve jobs. steve jobs is singular. there will never be anybody like him. he is the closest thing the business world has to a super hero. i don't think anybody would deny that. in terms of the marketing flair, i don't think tim cook needs to have that, to steer the company in the right direction. i think with apple, it's about the products. and that's where the question of, you know, innovation, can he replace steve jobs in terms of innovation. the management structure at apple is actually pretty simple. there's a lot of people that report directly to steve jobs. there isn't a whole lot of dotted lines and mishmash. it's pretty direct there. it's also famously brutal. so the people that are there at the company are there for a reason. so i think that, you know, we can expect more great things from apple. but there's no question that apple is steve jobs. and this company is about to change. >> pretty dramatically i would imagine. tim cook presumably will have a salary slightly higher than steve jobs' $1 a year, what he t

the question investors everywhere were asking today-- will apple continue to succeed without steve jobs, especially when you consider this statistic? since jobs took over as c.e.o. in 1997, apple stock has zoomed higher by 9,000%. joining us now to talk about apple's future, gene munster, senior research analyst at piper jaffrey, and jeffrey sonnenfeld, professor of management at yale university's graduate school of business. thank you for both joining us. >> good evening, susie. >> susie: gene, let me start with you. certainly steve jobs is a tough act to follow, but can tim cook keep the momentum going at apple. >> yes, and i think the reasons that the road maps aren't in place for the next three-- are in place for the next three to five years, we know about the iphone and i pad but the television that steve jobs has worked on, should carry the company for the next several years. so we continue to look very good about the next five years for apple. >> susie: you know, jeff, it's an understatement to say that steve jobs brought creativity and innovation to apple. he did that and so muc

steve jobs stepping down as ceo of apple. joe, is this a surprise, lots of speculation about steve jobs' future because of his health? what's your view? >> the only real surprise is that it happened tonight, really. he's been sick for a long time. he has not looked well, obviously, in appearances recently. everybody he's had a liver transplant, a tumor on his pancreas. so his health, one assumes has been deteriorating, and there is a certain kind of sad inevidentability to this moment. >> obviously apple's become this extraordinary global business. one of the biggest market caps of any american companies in history. what impact will steve jobs standing down as the chief executive officer have on the company, do you think, if any? >> well, steve jobs is one of the great innovators in the history of modern capitalism. he's also one of the genius marketers. with ways of getting people to get interested in and buying products, that nobody -- we haven't seen in a long time. apple is going to miss that, without question. and the re

steve jobs once said that people n't know what they want till yoyoshow it to them. with incredible, almost spooky, consistency, jobs has produced new products that consumers discovered they really, really wanted. well, now just hours ago, steve jobs has resigned as chief executive of apple, the company he built. just a month after apple announced astronomical third quarter profits of more than $7 billion. here's abc's neal karlinsky. >> reporter: it was the resignation heard around the world. that's because steve jobs isn't just a ceo. he's been called one of the great visionaries of our time. a man on par with thomas edison for a new generation. >> the news is pretty shocking. i didn't expect this was going to come today. we know steve jobs has been sick for the last several months and been on leave. but it came out of nowhere. >> reporter: in a letter to apple's board of director, jobs writes, i have always said if there ever came a day when i could no longer meet my duties, i would be the first to l l you know. unfortunately, that day has come. if you have a cell

steve jobs has resigned as ceo of apple. he said he could no longer meet his duties and expectations as ceo. he has been on medical leave since january. he'll stay on as apple's chairman. the company's former chief operating officer, tim cook, will take over as apple's ceo. >>> the washington monument is cracked and closed, but other monuments in the nation's capitol have reopened, following yesterday's rare magnitude 5.8 earthquake on the east coast. authorities say the washington monument may not open to the public until after engineers fix the cracks at the top. >>> and gathering storms in the atlantic. hurricane irene bigger and stronger, bearing down on the east coast. where it will hit. winds over 100 miles an hour, what it will do to a city like new york. >>> on the other side of the world, battles still raging in tripoli. moammar gadhafi forces going house to house. is this the colonel's last stand. sara sidner, what's it like to be in the middle of the chaos. this is "piers morgan tonight." tonight's breaking news.

steve jobs announcing he will be stepping down as ceo. jobs will stay on as chairman but his replacement certainly has big shoes to fill. ed simon has the story. >> today apple is going to reinvent the phone. >> reporter: he's been called a modern-day thomas edison. >> you can do multifingered gestures on it and, boy, have we patented it. >> reporter: others have tried to emulate his style. >> amazing. and the screen literally floats in mid air. >> reporter: but rarely with the same success. the apple story is well known. two kids in the garage, jobs and steve wozniak launched a company that changed the world. >> we worked hard and in ten years apple had grown from two of us in a garage with a $2 billion employee with over 4,000 employees. >> reporter: in 1984 jobs introduced the macintosh, the first mainstream computer with a mouse and with multiple thoughts but sales were sluggish and there were internal divisions in the company. jobs was forced out. his second act a decade later is considered one of the greatest ceo tenures of all time.

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: i think he is. steve jobs had stepped down to

we also posted steve jobs' resignation letter. coming up, the one big thing apple fans will miss now that jobs has stepped down and what his departure means to its product. >>> breaking news, the earth is still shaking on the east coast. a 4.5 just reported 36 miles northwest of richmond. sit likely it's an after shock to yesterday's 5.8 quake. that quake was three miles underground and biggest after shock to hit stecees yrday. >>> thises just in tonight. the frightening exit for passengers at lax after a jetway collapse, sending two people to the hospital. passengers were deplaning when a portion of the floor board caved in, causing two people to call some ten feet to the tarmac. the american airlines flight had just arrived from a stopover in chicago. those injured passengers are said to be in fair condition. >>> also new at 11:00, at least two people are fighting for their lives after a car crash in san francisco. it happened at bacon street and bayshore boulevard at about 7:30 this evening. the crash involved a minivan carrying

i want to bring in a man who knows steve jobs better than anybody else, steve wozniak met jobs when theyere teenagers. they went on to co-found apple. he joins me now. welcome. >> thang. you know what, it's a fun part of life to have a nickname like that. i don't know steve jobs the closest of anyone in life right now. i've known him in the past. i admire him. and we have a friendly relationship. >> but i mean, i suppose what i meant by that, in your earlier days. >> i have insights from early days, yeah. >> you were in his parents' garage. >> kids in high school playing pranks, you bet. >> what was he like in those days? >> you know what, he was always interested in every technical electronic gadget there was in the world. you know, but he didn't -- he didn't exactly have the focus to actually sit down and design and build them himself. but he built projects that like counted the number of cycles on a guitar string so you could tune it right. >> but you were the guy who knew the technical stuff. >> after steve met me, and we compared ourselves, what pranks we had pulled, and what electr

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

page news. -- the resignation of steve jobs from apple is front-page news. >> jobs has been onyindefinite leave.stock is up 62%. >> i have been asking viewers is apple will lose ground now that steve has stepped down. here is what some viewers have to say. >> bart board members met this morning. here is video of protests folowing bart cutting off cell phone service. >> jackie sissel is a love that elsevier the board's decision. >> these are the people that are directly affected by the protests that have been going on. i have been talking to the whole morning about the policy that barred is supposedly going to implement and their reaction is a little mixed. >> i am concerned about amendment rights. if i needed to get in touch with my family or something i would be concerned because of the protesters utilizing self-service however i do see that they are trying to prevent bigger safety issues. >> >> free-speech advocacy groups, it will take to just four weeks to complement a new policy. >> it is amazing how this story and a shoe has made national headlines over the last few weeks. onto bay a

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 at the fire scene th

this is -- i mean, steve jobs is apple, apple is steve jobs. he loves this company.his heart and soul and vision into it. this is significant. however, it is not unexpected. if you remember he has taken three medical leaves. you know, tim cook, the -- incoming ceo, it is well known now by the market, this is -- you know -- >> in 2008 you wrote a cover that -- >> we did. shameless plug. we did -- my colleague did an incredible really, really deep story on the guy behind steve. this is a profile of tim cook. you can find it online. it is -- tells you everything you need to know about this guy. it is fascinating. >> just to go back to steve jobs a second. he was trying all of these new treatments, best treatments out there to get better. and -- i don't know. you are right. it is really sad to think about that. he has everything going for him. but not his health. >> he does. you know, very little is known about exactly what the problem is. it is -- apple has been very secretive about the problems. you know. only in the past, you know, year or two, admitting there was --

how yesterday we found out that steve jobs would be stepping down as c.e.o. of apple and a letter to the apple community jobs wrote i have always said if there ever change a day i could no longer meet my duties and expectations is out will c.e.o. i would be the first to let you know unfortunately. as bad with pancreatic cancer as well as other health problems along the public although with this no every no specific details get it now immediately we saw apple shares tumble immediately we've seen questions arise this what the future of apple will be how much does a c.e.o. really matter will the company be able to hold onto that second most valuable spot in the world and let's take a moment to reflect on what it is that made jobs and sell stand out what made some call him the edison of our time is it a rare stroke of genius that can't be repeated or is there something that today's business culture could really learn from drives to help america innovate and create more jobs or discuss this with me as derek thompson senior editor at the atlantic carrick thanks so m

steve jobs says he can no longer do the job. >> we have team coverage tonight.da 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 say. >> he's a good guy. a good boss. a very good company. >> oh, wish him the best. he deserves it. >> steve jobs was last seen in public back in june. coming back briefly from medical leave looking thin and gaunt. he didn't seem to miss a beat. no other ceo is aligned with a company's brand quite like jobs which begs the question, is apple still apple without steve? >> you don't replace steve jobs. you don't find another one of him. that's like

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 in the past 12 mott said anticipating this now jobs is gone and the balance is removed. coca's handle the job since jobs took a medical leave stock has risen 62% during that period of time >> also barry bonds will be back in court today he has a hearing on his request for a new trial or broad acquittal on his conviction of obstructing justice he was only convicted on one of four counts prosecutors have not announced if they will retire if the judge it let speculation stand and state for him to go digital could be announced who >> hurricane irene is pounding the caribbean warnings have been issued for the outer banks of carolina. winds are hundred and 50 mi. per hour. it is east of nassau bahamas right now. it will slam at the outer banks said saturday or sunday there are only two bridges to get off these outer banks islands it may hit long island and new york city on sunday and monday. extensive damag

steve jobs calls those orifices.s much more interested had designing something for the actual consumer, whether they're in a big company or just a family. and that-- and he's a perfectionist about it, and he surrounded himself with other people who are just laser focused on that. the other thing, ray, i think is incredibly important, is they don't just make little innovationed based on market research. they take big risks and make big bets on what they think the next thing people will want is. >> suarez: this doing so, created, charles, one of the most valuable companies on the planet. in his rez alation, in his preparation to leave, what has steve jobs done to keep it that way? >> well, he's put people in place who share that same vision, the people like jonathan ive, who is responsible for their designs, and scott forestal, on the i.o.s., the software that runs the iphone and the ipad, and phil schiller who runs market ago all of these people really share that devotion to the vision that steve jobs created. and i t

that he used to zblb he is not the next steve jobs but he has steve jobs' play book but he is going to do exactly what is in the play book for the short term. >> reporter: i guess it's kind of like when george stiefort took over after joe walsh left. people in line for hours just to get in the brand-new store. he created a brand and people can't get enough of it. 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 a

-- that tim cook is no steve jobs, but he sent an e-mail to employees. experts say that's the point where jobs is considered one of those people bigger than life. apple is now bigger than jobs. >> i think what steve jobs has done, he has helped build that vision into the dna of the company and into those executives. and so even if one guy is not going to have that vision and driving the company in the same way, i think as a whole, with all the different parts of apple, they're still going to have that vision. >> reporter: so what can we expect in the days ahead? well, new prosthesis are coming and that will take the focus off of who is in charge and on to what customers can expect on store shelves. live in san francisco, claudine wong. >> thank you, claudine. >>> and we posted steve jobs' resignation letter on our website. you can find it on our home page, ktvu.com. >> and looking at the stocks, apple is down, but only slightly. sellers are out in force ahead of feds chairman much inane 'tis paited comment tomorrow that will happen at the federal meeting

what's next for the company now that steve jobs is gone? >>> a major paint job on the goalen gate bridge. the reason the work is now being delayed.

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 an explosion from that tanker is keeping thousands of people away from their homes for a second straight night tonight. ken wayne is in lincoln this evening, where crews are trying to mitigate the danger there, and just made a big change in their plans. >> reporter: we're about a thousand feet away from that burning tanker car. the lincoln fire chief tonight said there's still about 25,000 gallons of liquid propane in that tanker, and three more tankers with 33,000 gallons each right next to it. the flames you're looking at now were snuffed out a short time ago, a special hazmat team climbed on top of that hot tanker, pulled out a plug, inserted a 2.5-inch hose, and now 500 gallons of water per minute are pumped

i'm happy to talk about steve jobs. i don't think there is a human being on the planet who has been as influential in the last 30 years on the way culture developed. >> for steve jobs, think different wasn't just an advertising slow gafpble it was the way he ran his whole business. nobody thought a computer firm knew anything about the music industry until the ipod changed everything. apple had never made a mobile phone until the iphone transformed another industry. and the idea that millions of people might want to use a tablet computer seemed farfetched, until steve jobs showed off the ipad. now his firm will have to think different without him. continuing to break new ground without the man who's come to embody apple is bound to be a challenge. >> i think it's going to be hard for them to really find that level of commitment and passion that steve brought. that said, there are still really extraordinary people at apple. still one of the great companies in the apple. >> apple's history as been about more than just one

the news at 5:00 continues right now with dan and cheryl. >> steve jobs steps down at apple. it may say about job's health. >> a search for one two of bank robbers in pinole. >> and risky maneuver that firefighters are about to attempt to put out a burning propane tank. >> good evening, i'm dan ashley. >> i'm cheryl jennings. a man who brought the world the iphone stepping down. >> failing health is forcing steve jobs to resign as ceo of apple. we're live in cupertino with ramifications for one of the world's important companies. >> this is news nobody wanted to hear. and it leaves us wondering whether this has to do with this -- assuming this has to do with something health related. jobs has been on a medical leave since the beginning of the year. he had cancer removed from his pancreas in 2004, a liver transplant in 2009. his weight loss over the years concerned his large body of al apple followers. the 56-year-old sent out a letter today to his board of directors and apple community saying that i have quote, i have said if there ever came a day when i can no longer meet du

they know what the 5-year plan, the 10-year plan, what direction that steve jobs wants the company to go. >> they've been following apple for more than 30 years and he says that innovation is in the company's blood. >> when you look at apple going forward, you see them creating, you know, the screens today, the ipod, iphone, ipad and the mac. they can create new screens, including the television, in-car dash systems. they could innovate for another couple of decades. >> more screens, more products, the apple way. you can count on it. we've talked a lot about apple's dna flowing through apple. tonight at 6:00, we'll meet the younger generation of silicon valley leadership and why they say they're inspired by the work of steve jobs. am, arguably the most powerful consumer company in the world, in large part because of the iphone, tracy grant joins us from san francisco's neighborhood with a closer look at how apple fans are dealing with the departure of steve jobs. good evening, tracy. >> good evening, scott been the age of the customers coming in and out of the store range dramatically

residents from north carolina to new england are being warned to be prepared. >>> and steve jobs has resigned as ceo of apple. jobs founded the company, was the visionary behind the iphone and ipad. he's battled health issues including pancreatic cancer and says he can no longer do his job. he's asked to stay with the company as chairman of the board. >>> waiting for a table in a crowded restaurant can be a long and annoying experience. seems like people already eating, just will never leave. well, it may be time for a change. scott rappaport of our new york station wcbs tv has the story. >> reporter: hey you over there hogging the table for the last two hours, tick tock, dude. >> i wish they'd move so i can sit down. >> reporter: that seems to be the feeling of many restaurant-goers these days. a nationwide survey by zaggatz says 60% favor time limits eating at restaurants during peak hours. >> that's a good idea, during peak hours, i agree. they give everybody a chance to sit there. >> reporter: to eliminate the seemingly endless wait for tables created by customers and their marath

it's been a down day for apple after the announcement of the resignation of steve jobs. ra moore air ties a more. >> reporter: i think what we saw was a knee-jerk reaction. the after hours trades was down but now it's down 2%. jobs is the father of the iphone, ipad, ipod. jobs frequently received standing ovation. 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 stil

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 an explosion from that tanker is keeping thousands of people away from their homes for a second straight night tonight. ken wayne is in lincoln this evening, where crews are trying to mitigate the danger there, and just made a big change in their plans. >> reporter: we're about a thousand feet away from that burning tanker car. the lincoln fire chief tonight said there's still about 25,000 gallons of liquid propane in that tanker, and three more tankers with 33,000 gallons each right next to it. the flames you're looking at now were snuffed out a short time ago, a special hazmat team climbed on top of that hot tanker, pulled out a plug, inserted a 2.5-inch hose, and now 500 gallons of water per minute are pumped

steve jobs stepped down as ceo. here now is jason brooks with kcbs and cbsmoneywatch.com to give us the skinny on apple today. how's it doing? >> reporter: good morning. obviously, steve jobs' departure yesterday really caught people by surprise in the moment. but really we saw this coming when you took his latest indefinite medical leave of absence back in january. transition really already set when tim cook the coo was moved into the day-to-day duties and steve jobs's imprint is all over apple. long term questions remain as to what happens with the company losing such a visionary and iconic leader but right now apple is poised to make $120 billion in sales this year and people expect apple to continue to chug along at least in the short term. stocks take a little hit today as you would expect on this news but really not that bad. down 1.4%. another ceo move in the valley also just being announced. advanced microdevice out of sunnyvale announcing that rory reed will be its new ceo. he comes from the president and c

kron 4's reggie kumar is here to talk about the major change. >> reporter: steve jobs submitted his resignation today. he said he can no longer handle the job. >> reporter: stunk stunk will still play an important role. while stepping down steve jobs suggested tim cook should be the new ceo and the board agreed. cook joined the company in 1998 and named chief operating officer in 2007. he served as ceo in 2004 and 2009. in a letter addressed to apple jobs said, quote, i have always said if there ever came a day when i could no longer meet my duties and expectations as ceo, i would be the first to let you know. unfortunately, that day has come the resignation appears to be related to the health problems he has dealt with over the past several years. in 2004 he battled cancer and lost a lot of weight and looked frail every since then. in 2009 he said the weight loss was caused by a hormone imbalanced and announced a six month leave of absence. his most recent work included the ipod, iphone and ipad. >> reporter: after his announcement today apple stocks fell over 5%. when the market closed apple'

and as steve jobs quits as chief executive of apple, we assessed the company.'s get back to this attrition in libya. this doctor has been working in a number of hospitals in tripoli. he tells me about his experiences. >> i have been to three or four of the hospital's around central tripoli and some of the urban areas as well. most of these hospitals were the private hospitals, which have been opened up for all civilians. the owners of the hospitals have opened up the hospitals to a few casualties and to get medical treatment for anyone that needs it. they are quite stretch at the moment and relying very heavily on volunteer doctors. there is a shortage of staff, particularly nurses. it is medical support staff rather than actual doctors. i went to the main hospital very briefly, which housed one of the biggest emergency departments. the scene at the emergency department is quite chaotic. there are injuries -- you know, injured civilians and allies there every minute, perhaps. some patients have very horrific wounds. and they are inside that department. there ar

everyone has known steve jobs would resign and tim cook would take over. i think steve jobs imparted his culture into apple so deeply that it will run just fine. with that said, the markets are still going to react strongly to the news tomorrow. >> he may not be active in day-to-day decision making but i bet whit comes to product approvals and major decisions he'll be extremely active. it's hard to imagine him being on the side lines as long as he's able to breathe, so to speak. >> to pick up on that line of thinking jobs did ask to be named chairman of the board and remain as a director and employee. that was approve bid the board. apple was in a solid decision, the leader in tablets with ipad and maker of the popular iphone. this year, steve jobs says we're entering post pc era, reverence to the fact ipad and tabblets are taking over top lart of notebooks and net books. today we enter into the steve jobs era. >> and in pinole today an armored car robbery goes bad and bullets start flying. >> when it's over, a suspect was dead and another wounded. a polic

citing an inability to meet his duties, steve jobs has stepped down from the position. tim cook is replacing him. one well known apple analyst claims that even though cook is a great successor, his knowledge but no one can fill jobs' shoes. >> collective brands is closing 400 payless stores most within the year. higher prices wore down customer base. and border stores they bought the stores. the final has to be proved in bankruptcy court. at the new york stock exchange, i have the bloomberg business report. >> crews to continue to assess the damage from the largest earthquake in decades. they found several more fractures on the washington monument. in addition to the 4 foot crack discovered after the tremblor, the quake also broke the cap stones at the national cathedral. damage is in the millions of dollars but engineers say the structure remains sound. hundreds of people are still displaced from high-rise apartments that were damaged. >>> airport security lovers be getting a less revealing look at passengers at san francisco international airport. new software is being

i don't think steve jobs can create the next steve jobs. >> it's challenging like a jobs fashionhouse fashion designer moves on. sometimes that spirit, taste and style outlives the original founder, sometimes it doesn't. it should have tremendous operations. there's a good chance it will happen. the future is uncertain. you can see that in the share prices. >> apple started, really as a garage band. jobs is the one who gave it that cool and gave it that sense of ties to the original roots. with him gone, it's what a rock band faces, what do you do without that front man. >> he's changed computing, music. >> they are going there a lot. is there a critical mass there? it's not going to replace print or magazines in particular. they have high resolution. they have a lot of things the talent device offers. the inner face he's created where you can one-stop shop for music, articles, everything in your life, books. it's incredible. it's changed the way we live our lives. >> i have a 2-year-old son. this is the world he's grown up in. he unlocks it. >> i don't travel without mine because my

we will take a closer look at the state of steve jobs health. dr. upta 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 if he's ready to rock! ♪ sfx: guitar and trumpet jam vo: geico. 15 minutes c

more on steve jobs coming up. resignation is already impacting wall street. >> all your early birds out there, you can drink to this. the difference you will start to notice about your coffee. not that long ago, many families were priced out of an overheated housing market. but the times have changed. get the facts at remax.com. it's a great place to see all the listings in thousands of cities and towns. with lots of houses to chose from and down-to-earth prices the dream of owning a home seems more attainable than ever. find out what an experienced re/max agent can do for you. nobody sells more real estate than re/max. visit remax.com today. resignation of apple ceo, steve jobs. >>> welcome back. investors have their eyes on wall street big time this morning following the resignation of apple ceo steve jobs. let's get more from jill schlesinger, editor at large for cbsmoneywatch.com. you know, we all know that jobs was such a big force and we expect that this would have a huge effect on wall street. is it? will i

steve jobs resigned as ceo yesterday because his health won't let him continue. a look at the impact from steve jobs tonight. >> reporter: it's hard to remember what computers, music, phones or movies were like before this college dropout set up shop in his parents garage and invented with his buddy's help, a computer you could run in your house. imagine that. >> we worked hard and in ten years apple had grown from just the two of us in a garage to a $2 billion company with 4,000 employees. >> reporter: steve jobs pioneered home computing years before ibm, upended the music business with the ipod and i-tunes, killing cds. 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: jo

investors are worried about the company without steve jobs at the top. jobs says he cannot longer run apple day-to-day. he will remain as the board chairman. jobs has a rare form of pancreatic cancer. he brought apple from near bankruptcy with the iconic brand of ipod and ipad and itunes. >> anybody in the world in clothing or automobile can learn from apple. >> apple's chief operating officer tim cook will takeover for steve jobs. >>> a 4.5 aftershock rattled mineral, virginia today. near where the earthquake hit tuesday. the washington monument will be closed to tourists indefinitely. the quake left cracks in the stone. engineers say the national cathedral is structurally sound, but three of the four spires were snapped and caused cracks in the limestone exterior. >>> american air says they will inspect the jet ways at los angeles international airport. one jetway collapsed last night. a pilot and passenger tumbled ten feet on the concrete tarmac. they have neck and back injuries. >>> usually the judge throws the book at the defendant, but this defendan