sales, the stock price and demand have been gang busters in that year, some worry the magic that steve jobsought to the company is wearing off. james is one of them. >> but jean muenster says apple won't be derailed even as jobs' influence becomes less and less. let me start with you, james. you say apple is not the same company without steve jobs and the more it goes, the more his magic is going to drain out. why? >> they've slowed their innovation engine. he was really a perfectionist and task master. if you look at the last few years, you know, nothing new has really come out from the iphone since 2007. i mean, this device is not much different than, you know, the original device. same thing with the ipad. so what's next, what's new, what's coming? all it takes is a few stumbling points. ios-6 was a stumbling point. >> when steve jobs became sick and when he died, we asked the question many times. the steve jobs magic, everything he was about, was it institutionalized within the blood and guts of apple. you're hearing from other guests he doesn't think it's necessarily so. why do you thi

that's what steve jobs did and that's added value.me from really caring, not just about profit, but what am i going to add to the flow of history that is really neat and really cool. >> cenk: he talked in those terms of adding to the flow of history? >> absolutely. he was deeply in his--in his whole mindset was now not how do i make the most money but how do i put things back in the flow of history considering all the cool things that have been put in the flow of history that benefited me. >> gavin: do you think the lawsuit and the settlement and the jury verdict against samsung helps or hurts apple in terms of innovation. >> i don't know, but i will say innovation is important to protect it. i argue with that my daughter, get over it dad. it all should be free. no when a kid comes in to apple computer as this kid did many, many years ago and applies for a job and chose in the swipe and that little dock and how you put them in, and that becomes a really cool invention and steve hires him, pays him and he becomes part of the design tea

. >> was also one year ago today that steve jobs passed away. his legacy around the world is well documented. but it's legacy here where he grew up and lived that is more special. among the few local reporters who dealt with steve jobs throughout the years, our own scott budman. scott, an emotional day for those who never even met him. >> as cool as it was to get one-on-one time with steve jobs, it's to see how much has happened to his company. steve jobs setting the table for so much when it comes to design of products and how companies deal with and sell their products to customers. in the one year since jobs' passing, apple has flourished. the tech industry has grown, and people are eagerly looking forward to what is next. >> i think apple itself, apple the company is the biggest legacy for steve jobs. he built it and he rebuilt it when he came back. and i think you can see that everything they do in their approach to advertisement, their approach to design, in their approach to how they deal with their customers. >> there is also the bottom

fell he came back apple came back again you know and you know it's a good chance of steve jobs not coming back now so now is the steve cook who seems to be a technical operations guy but just doesn't seem to have the mountain of following that steve jobs has now i think steve cook i mean i'm sorry cook is going to have. a rough time because apple's downfall started before the death of steve jobs because of the competition that came from google's android but there's a tale so you don't see the full of. after the fact and then after the fact is after steve jobs i mean i'm sorry to take the man to the c.e.o. yeah you know but because it affects you know he's going to get you're going to be for tim cook and everything is everything blamed on this poor guy and then steve jobs is day if i buy the cold follower exactly and some analysts so i want you to stay right there we're going to have more with you after the break we've got to take a quick one though but we'll have more with entrepreneurial investor reggie middleton and still ahead two you've heard about the thousands of people who are out

tim cook, not steve jobs. and i think everyone is trying to get their feet under themselves as to where the company will go and what kind of company it will become. >> and what's the view on tim cook now, as well? >> well, he's certainly a nicer man than steve jobs was. at least that's according to everybody who has known the two men. steve was material, could be abusive, but he was a wonderful marketer and he had a great sense for what the consumer wanted. i don't know that the street thinks that of tim cook at least not yet. he has to prove to them. >> all right. ron, thanks very much indeed for joining us. >> thank you. >>> sandy has weakened a little, but still pounding bahamas. the storm is blamed for 21 deaths in the caribbean and 11 in cuba. sandy expected to cause prtropil storm conditions in southeast florida and then track along the east coast. alex wallace from the the weather channel joins us for an update. alex, what's the expected path

people say there were problems under steve jobs as well but people did not care. he got the benefit of the doubt. i remember a metric was off but somehow he got the benefit of the doubt. maybe that was initially but not anymore? >> i would add to that. steve jobs created the benefit of the doubt a distortion field the uncanny ability to focus on what he wanted us to apple had them that the mail service in the and 10 dead didn't work steve jobs had the temerity to say people are not using it correctly but he got us to focus elsewhere and apple was smoke they smaller it is more important now. >> now apple has apologized and people are saying maybe that was a mistake. i find it extremely difficult to criticize tim cook to have the courage and the class to apologize for a problem. i and stand the criticism. to operate a much more erred global scale than apple ever has. i can only applaud the ceo to save the have screwed up go use the competitor's product until then it is a good thing. charles: you watch the stock. late the it looks funny. everybody has a $900,000 targ

my friend steve jobs had a lot of cash in the sglank i want to ask about steve jobs.at steve jobs did, you have done for -- i know it hit you hard when he passed. >> he was my best friend for 25 years. he's just irreplaceable. irreplaceable in our industry and as my friend. >> do you think apple will have the innovations and the products in the pipeline going forward the way they did with steve jobs running it? >> i have great respect for the company and steve cook. but i will say it again, steve is irreplaceable. we have all lost something. he was our edison. he was our picasso. there's no one like him. apple will continue to thrive not like when steve was around. >> reporter: let me ask you about your own use of capital. allocation of capital. we know you have made tons of headlines buying an island in hawaii, lan nigh, homes. how many homes do you own, 15, 11? >> homes that i live in or -- >> why to you buy homes if i don't live in them. >> i bought one in newport rhode island that i am concerting to an art museum. and i got this idea -- my favorite museums are thi

he was stepping in there when steve jobs was on his various medical leaves. -- some credit.e is doing fantastic. >> reporter: preorders of the five own 5 surpassed two million in just 4 hours. it is undenialable that jobs laid the foundation to the apple empire. >> his greatest achievement was that he created a company, an organism which lives on and has thrived that has thrived in the hands of his children as it were. there isn't a greater legacy for him if he were around to savor it. >>> we still have plenty ahead, your weather, traffic and all your top stories. >> fox 5 morning news at 4:30 starts now. starts now. fur. >>> that is a live look outside at reagan national airport. lots of lights so that means we can see. no fog, very little humidity but we'll let the expert talk about that in just a second. >> i'm wisdom martin. >> i'm sarah simmons. let's get to tucker barnes to talk about today. >> it is gorgeous. i'm a little distracted by what you have going on behind you there. >> i amalfunction, sort of. >> a little frightened when i saw that. a beautiful friday. lots

today marks the one year anniversary of the steve jobs passing. and his unsurpassed accomplishments at apple. jim stewart from the "new york times" will join us live. rick santelli is working on the next hour of "squawk on the street". >> we'll have to talk a bit about employment but not in a way that anybody would suspect. us and them, one of my favorite pink floyd songs. in this context us and them is canada versus u.s. canada had some employment data and actually i'm optimistic about the employment scene down the road but not so much from our data. more from our north of the border friends and trading partners and we'll talk about that at the top of the hour. boring. boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announc

apple with steve jobs. apple without steve jobs. apple with steve jobs. so it leadership important? it's really important. i think the board made a terrible mistake, turned out to be a huge disservice to hp employees. the company hp i love. everyone who's raised in silicon valley thinks of hp as an icon. they deserve the best leadership, and mark was providing it. these guys aren't easy to replace. >> and you're providing it here. i don't even want to think about oracle without larry ellison. >> well, again, we have a lot of depth. now we have mark. you guys don't want mark? we'll take him. we've got mark. we've got safra. we've got, you know, thomas and john and larry too. so it's a good team. >> take a short break, larry. we're going to continue our conversation. we're going to talk about allocating capital in a different way. stay withi inus. larry ellison joining us on "closing bell" after this. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-3

steve jobs left a big legacy. all good news for apple fans, investors and the future of silicon value. the bottom line for any company is this, products in the hands of loyal customers. >> we haven't been raesing on our lawyers. >> it's what steve jobs did west and what apple continues to do today. >> there is no question in my mind that apple was totally prepare forward the loss of steve jobs. >> this is iphone 5. >> a year later apple is selling iphones and ipads faster than ever. >> good. i would use it in the future. i'll use it in college. >> it's stock price is up about 70% and technology executives all over silicon valley talk about how jobs influences the way they do business. >> he was so focused. for him, use your experience with a man saying the only thing that mattered. i think there's a lot that every company can learn from that. >> doesn't surprise me that mark zukle berg, a lot of start-ups. you have somebody that made that level of success you glean from it. technology married with liberal arts, th

future of apple, and certainly nothing with his style, which is admittedly quite different than steve jobshe challenge is, of course, managing expectations. i think he's doing a good job of that, as well. but there are just soaring expectations. if you take a look at the major pieces of his puzzle. his management retention has been superb. keeping, you know, marketing guy shiller, the developer of the ipad, john ives, he's keeping great talent in there. the hardware engineer, they announced was leaving in august, june, they needed him. and so they brought him back in august. just incredible stability in management. the product introductions, of course, which get a lot of the attention here have been remarkable turn arounds. you look at steve jobs, how defensive he was, not to mention andy grove when the pentium when intel brought that out, diminishing the seriousness of the flaws in that chip or looking, even aol. very quick to respond. >> what about the management differences? right? there was this aura that steve jobs had, it's not arrogance, and apple sort of carried that along, and now

the way he's handled this and based on the way he's handled certain things since he took over for steve jobsion of a b player, and jobs talked about the bozo explosion whether the b players take over your organization, you have a bozo explosion. you know that you have a problem. that's what happened here. its a tragedy for two reasons. number one, for the obvious reason. apple will fall from its mystique and maybe become a good company instead of a great one. it's also a tragedy because i think it's an unworkable situation. jobs left us too soon, and you know, it's obviously the biggest tragedy there is for his family and friends and so forth. it has an impact on apple, and as a result it has an impact on a lot of people around the world. >> bill, i'm thinking of the market cap that has grown over cook he's stewardship. when jobs were passing the baton, people say his greatest creation of all time was tim cook as his successor. do you think this would have happened under jobs, and how do you think jobs would have responded now? >> i think it could happened under jobs. if he had to fire anybo

cases of meningitis have been reported. >> today marks one year since the death of apple's ceo steve jobsh pancreatic cancer. he is remembered for many things from starting apple from the of his home. jobs played a personal role in the development of the macintosh computer as well as the iphone, ipad. >> in it is even el friday and gary open up the mail beg. things get ugly then atlanta adorn the wall card game. we will have details coming up. cheche>> the game at 80 ant.80a. the oakland tame as nine more hotter with more momentum. the way that the oakland a's handle texas is to show that they will handle the tigers. i do not think there is anyone on the same who was born to change their approach or the way that they get ready for the game. you can never take dyes for granted. they had one of the best records in baseball. this is a tough call for you. this is going to be tough tomorrow. i will be drooling with my family over the phone from detroit. i never lost to san jose and apparently you have lost to detroit before. you have to root for your child put ting. >> speaking of wild card th

and that is what steve jobs understood. you know, customer satisfaction and a good experience in terms of what they are there for. it builds loyalty and it build it is brand. >> rose: steve wynn understand this is too. >> steve wynn follows that in a major way. >> rose: they should build a statue in las vegas for steve wynn. >> rose: really? why do you say that? >> because he was the one who turned it around to become an entertainment mecca, you know, personally, he put his voice on the screen. >> rose: oh, know he. >> so he is building major complexes and is developing the service attitude, and which is very difficult in hotels of that scale. >> rose: and first person showcase arts in huge paint ticks, picasso and a whole range of other people. >> yes, he employed the same principles that steve jobs, four seasons. >> rose: exactly. >> the aesthetics do mean something. people do recognize and appreciate things that look good. >> rose: design and aesthetics. >> design, aesthetics and function. >> rose: prince alawid and bill

i give steve jobs so much and this is a place of innovation, i try to make innovation here for us todaythank you very much for listening. thank you. [ applause ] >> thank you, very much. >> may i now ask mayor lee for a response, please? >> thank you. and mr. yuni thank you and welcome to san francisco, welcome unico for to the square it is a great place to be, this 30,000-square foot flag ship for the west coast and i have been wanting to tell you that i have known about your store to my daughter for quite some time, who have been religiously shopping for their affordable and very well-designed clothing for quite some time, and of course, i'm very intrigued being the next model to follow joe montana. but, i'm happy to be here and joined with, of course, tania peterson our zoo director and so many friends. i also had to wake up to my wife saying, we are going to the store today, are we not? so she is there already, we are already focused on the orange section of the store to get ready for this weekend. but i want to not only congratulate unico for locating here in our very exciting part

. >>> remembering steve jobs one year after his death. the fitting tribute from the company he created, this morning. >>> new addition to union square shopping district unique new clot >>> today marks one year since the passing of steve jobs. the company posted a video online. >> technology married with liberal arts with the humanities that yields us to resolve that makes our hearts sing. >> apple chief died of cancer at age 56 in cupertino the city's blue flag at the community center is flying at half-staff today the mayor says it is a great way to acknowledge jobs' profound local impact. >>> union square's newest clothing store is open for business this morning. a japanese store offering apparel in a rainbow of colors it opened before 10:00 on powell street a block south of union square. the new store will have the so-called magic mirror it lows customers try on one jacket and electronically the color to see how it looks in another color. >> fascinating. >>> increasing clouds in the north bay. sunny out there in parts of the bay, as you

i do not think -- steve jobs working in his career came up with stuff. i did not know that steve jobs was working in that group on the computer. we want to have space for that. we need space for innovation, it is a constant challenge. the power of the conventional is so overwhelming and the convergence is so powerful that to try to innovate is exhausting in government. let me tell you. in spite of that, i am ready for several more years of innovation. i hope you are. i hope california is. [laughter] [applause] >> for this next question, let's pretend that president obama is sitting in this chair. but pretend this is a private room -- let's pretend this is a private room. we need everyone out there to be quiet. if you were here along with the president, what are the two things you would tell him you need to make your state more competitive or all states more competitive? >> i think and i am an unabashed supporter of the president. i do not think all his policies are perfect but he has done a remarkable job of coming into an almost impossible situation in

who is the next steve jobs and two names always pop up. one is larry, for sure. you know. and the other sometimes is jack dorsey. anybody you see on the horizon that has the potential to be what steve. >> you named two great candidates but i think they will be the next larry and the next jack. and i don't-- it's hard to imagine-- . >> rose: that is a smart thing to say. >> thanks i'll take. >> i think jack has the design aesthetic and the idea of keeping things very simple and lightweight. know. having gotten to know him over the years i can really appreciate that side of jobs and kind of johnnie owe-- that he has in him. >> one mistake people i think make a lot is asking what is the next microsoft, what is the next google, who is the next steve. and it's never the next that. >> rose: of course. >> its next microsoft. >> steve was not the next anything, steve was the next steve. >> our job is to find the person who is the next themselve. >> rose: yeah. how much competition is there now in doing what you are trying to do because i have read numbers that suggest venture capit

. >> but apple, steve jobs defined the new apple by deciding what we needed and wanted before we even knew it. and tha was going on for more than a decade. >> and before we knew it, that's a very good added line, befor we even know it. >> very good line. >> a great line. >> what changed in washington over that time, did they take one lead from what steve jobs did? no. you look at the websites, just for all the government agencies and it's 1998, and not in a good way. and this is one basic example. and-- >> and like 1998, is ancient history. >> it kind of is, neil, yeah. >> in the technology world it is. >> on the internet. (laughter) >> talk to my daughter, oh, my god, dad, that's so second bush term. >> and i've got to be honest, that new alanis moreset cd you were telling me about. i don't want to be the one-- >> all right, all right. >> here is the bottom line, these companies are accountable, they're held accountable and you know, the thing tha the private sector and the government have in common, they can gussy things up. and they can have commercials and packages. >> neil: and f