for decades after steve jobs and steve wozniak found this historic landmark.ramy inocencio where it is fast 7:00 -- it is past 7:00 on thursday in new york. check listed equities in new york, the dollar is higher and the yuan is pulling back.

. >> you had these guys like steve jobs and steve wozniak and bill gates and paul allen messing arounde edges of what would become the personal computer industry. but no one in corporate america and no one in most of the homes of america thought that the personal computer was anything that would ever have, would ever even happen, let alone have any relevance to them. >> for all of us, the computer revolution was really exciting. it was like, wow, this is wide open. >> it was a group of people who want to make a change in the world. and eventually, the two forces in silicon valley, the hobbyists and the button-down business guys, ended up coming together when the chipmakers realized the things that the hobbyists were doing could lead to this whole new kind of product called a personal computer. >> it was at a home-grown computer club where steve wozniak and steve jobs first displayed the computer they'd been working on. and it caused a sensation. >> we had absolutely no idea what people were going to do to these things when we started out. as a matter of fact, the two people who it was

wozniak, jobs, and wayne, all signed it then. >> right. >> reporter: wayne, a few years eporr than steve jobs and steve wozniak, can experience ineo games and aerospace. c jobs said, "that's it, we're he even drew apple's first logo. >> jobs said, "that's it, we're going to form a company." and woz and himself would have 45% each, and i would have 10% as the tiebreaker. >> reporter: today, 10% of apple would be worth about $100 billion, but instead of being e bulously wealthy, wayne lives modestly in pahrump, nevada. this is a long way from silicon valley. >> it is, indeed. >> reporter: a desert town between las vegas and death valley. >> 12 days after i signed this contract, i had my name taken off the contract. >> reporter: 12 days. >> 12 days. >> reporter: after you became one of the founders of the apple computer company. >> that's correct. >> reporter: he gave up his 10% of apple for just $2,300 because back then, in 1976, ronald wayne had his own dreams. kn i also knew that i was standing in the shadow of giants, and as a result, i knew i was never going to have a product of my own to develop. >> reporter: he went on to de

the company started in 1976 when steve jobs and steve wozniak made their first apple computers in thegarage in los altos, where they worked on them. it's now an official historical landmark. now, of course, apple has a spaceship campus in cupertino. lots of people have prospered by accumulating apple stock along the way. one local man who started buying shares 30 years ago says the company has been a good neighbor. >> now that they pay dividends, we use those dividends to help pay our taxes, to travel, you know, it's like we don't need to look for other investments. >> has apple made you a millionaire? >> yeah. many, many times over. like a lot of people. >> getting in on the ground floor. some say there have been down sites like skyrocketing home prices, and worsening traffic, local politicians are debating ways to get apple to pay more in taxes. >>> a famous hollywood director was in his southbay hometown today promoting his newest film. >> so your family is rich? >> we are comfortable. >> that's exactly what a super rich person would say. >> that was a clip from the film, crazy ric

. >> the first developed by steve jobs and steve wozniak and experts estimate there are less than 60 working apple 1 computers and one sold recently for nearly a million dollars. >> a lot more technology in this than that computer way back then. >> have a great day. >> i love technology for that little dog. >> i want that dog. >> very cute. yeah. >>> still ahead, a bay area academy turns an old motel 6 into homes for students. >> getting to the polls on election day can be an obstacle for some. lyft has a deal that it hopes will change that. >> when a hurricane approaches it's time to get inside. look to see this, it's maybe you could save energy by weaving your own shoes... out of flax. or simply adjust your thermostat. do your thing, with energy upgrade california. monitor their blood glucose every day. which means they have to stop. and stick their fingers. repeatedly. today, life-changing technology from abbott makes it possible to track glucose levels. without drawing a drop of blood, again and again. the most personal technology, is technology with the power to change your life

just about 20 were produced by steve jobs and steve wozniak. brace yourself. this one is expected to fetch $300,000. hundreds of people opened their hearts and their wallets to celebrate the mission of a foundation during its annual day in the park fundraiser. music, delicious food and drinks and live auctions made for a festive afternoon. today's fundraiser auction a 28th annual day in the park took months to plan and relied on the generosity of hundreds of volunteers. >> when i found this foundation, it spoke to my heart. i have spent a lifetime of serving kids. >> $2,000 or more before we jump to our next abc 7 is a long-tim sponsor of day in the park. >> looked sunny and very nice out there for that. >> i want to check and see if the weather will cooperate this coming week. >> it will be really comfortable. we'll be below average this coming year. got the cloud cover. so the 12 hour day. sun is up at 6:35 in the morning. we will see a gradual clearing. it will be a cool afternoon with temperatures in the 70s, if not low 8 0z. about 64 san francisco. about

for decades after steve jobs and steve wozniak founded the company, apple beat amazon and google to:.o the benchmark. financialpidly in the crisis. heineken and china resources have confirmed speculation about a tie up. and a dealpartner worth over 3 billion u.s. dollars. china resources makes the world biggest selling beer and shares -- went to thees highest ever when reports of the deal surfaced in march. the bank of america merrill lynch said there could be a game changer for the brewing industry. cut septemberas pricing of all oil grades to asia, north has europe, and the mediterranean. it brought it to $120 a barrel. u.s. crude futures bounced from one month low as a report with a to show continuing supply during pushing inin hub oklahoma. the bipartisan group of senators has introduced legislation to impose new sanctions on russia for allegedly interfering in u.s. elections. the bill includes penalties affecting russian sovereign debt and energy projects. it requires a report on assets.t putin's the fbi director says he is closely watching russian attempts to meddle in this year

. >> reporter: it all started in 1976 in this garage at steve jobs childhood home along with steve wozniak. there are no trespassing signs warning the tourists to stayton street. >> this is silicon valley >> reporter: this aspiring entrepreneur from denmark and his friend rent add convertible and said their trip included stops in los angeles, grain canyon and here. >> we're into apple and silicon valley and google. we wanted to visit. >> reporter: the financial milestone seemed unimagine in 1997 when they were on the edge of bankruptcy, stocks less than a dollar. >> they were six weeks from bankruptcy. this is one of the greatest corporate turn arounds. >> reporter: if you brought ten thousand dollars world to reach of shares in is the 97 today it would be worth more than $27.5 million. >>> coming up here, millions spent on luxury items. paul manafort's bookkeeper takes the witness stand and her witness about his spending happen bits. >>> critics be hand action from the president. >> it's time that the and menstruation follow through with sanctions. >> i know that girl ♪ ♪ ♪ i put a spell

steve wozniak and i put a lot of years into it. >> trish: he doesn't look much different.as then, this is now. apple's stock is up 16,000% sense that day. let's go to susan lee on the upper west side of new york city. hi, sue. >> hi, trish. we're talking about a trillion dollar company since the dot-com days of the early 2000s. 18 years on, it's a reality. yes, apple crossing through the threshold today. a record rally in its shares owing to strong earnings this week. they are still selling a lot of expensive iphones. so yes, apple is doing really well. you're right. it's a turn-around story. there was a time in the middle of the 1990s when their survival was called into question. business week put out a cover that called the demise of an american icon. 22 years on,apple now the world's most valuable company and driven to the forefront of technology. technology dominating the corporate american landscape. so how did apple turn this around? bringing back in their co-founder, steve jobs. when steve jobs died in october 2011, the company was worth $343 billion. tripling to cr

steve jobs and steve wozniak produced about 200 of them. about 60 are known to still be around.t under $700. certainly a lot at the time. it's expected to fetch about $300,000. >> wow the appreciation on that thing. >> no kidding. >> getting personal with steph curry, taking a public stance on a big equality issue. >> guns drawn and pointed at a home. the dramatic end to a bay area standoff. >> if you like advertisements you'll probably enjoy a new change to youtube. what we know a >>> live where you live, this is abc 7 news. >> at 6:30 we are hearing from someone injured during the deadly shooting at a gaming tournament as one of the victims is identified. he was from california. >> as we learn how the country will honor the late senator john mccain, the white house has raised its flag back to full staff and that's not the only move raising questions this morning. >>> and be skeptical of the next time you see a positiveout ama aprely some the comnt are an inside job. the call is coming from inside the house. good morning. on this monday, august 27th. >> natasha is off and you y

steve wozniak and i put a lot of years into it and i think apple has a lot to contribute still. >> neiled that the environment is a good now? >> the economic conditions that we see look good to us. it's important to remember -- >> neil: the economic conditions look good now? >> yet, there are still growth, we saw on a global basis. >> we can drive prices very low, that is what is driving our growth today. >> neil: to you use your site? >> no, and some people would accuse me of having an addiction. i've got boxes coming every day. >> neil: i think my toupee is a lot better today. we will get back. those are some of the giants of the tech boom that got some of the market warring. whether you're talking about the last bull market from the clinton years, that continued obviously into the bush years. it dominated the scene. it creates giants that have seen value that other times people are missing. including my next guest who earned a fortune as a value investor. he belted up, believing that there were buys a lot of people were missing. he joins me. good to have you, foster. we are here on t

it's been quite a high for the california-owned company and founded by the late steve jobs and steve wozniak in 1976. the first model of its computer launching the following year the apple 1 to the mac to the ipod and the ipod and it quite literally has changed the way we live and what looks like world domination for the tech giant and it's such a big night. we're ditching the bitcoin bug. >> it's america, by the way. >> we prom i you'll be okay. >> we're replacing it with the apple bug and you can watch it for obvious reasons and above the trillion dollar milestone, despite being the world's most valuable company, many still do not own it is that true >> many still don't own apple? >> it would be a lot higher than a trillion >> for those at home who might be tuning in, the question is simple, if you don't own it, guy adami, can you still buy it? >> yes it is a big deal a trillion dollars is not to be trifled with we talked about this five or six years ago and we laughed at people who said apple would be the first trillion dollar company and here it is it's a big deal because everyone's talk

the fully functional apple one was hand built in 1976 by company co-founders steve wozniak and steve. about 80 survive. this relic of the 20th century can still play checkers. we had an apple two and apple two plus. those were some of the first ones. not like that. >> and the "los angeles times" reports snoop dogg's first cookbook has mac and cheese, gin and juice and lobster thermidor. hopefully not all in one dish. there are no cannabis recipes. >> uh-oh. let's see what snoop is going to add to the mashed potatoes. what is that? >> a little bit of this. >> look at this body. >> snoop dogg co-hosted on martha stewart's cooking show in 2008. his cookbook, "from crook to cook" will be published by chronicle books in october. it will have 50 of the rapper's favorite recipes taken from his personal collection. >>> philadelphia eagles head coach doug pederson is called one of the most innovative and dynamic coaches in the nfl. last season after losing star quarterback carson wentz, he led the underdog eagles to their first super bowl victory in franchise history and breaking patriots hea

for decades after steve jobs and steve wozniak found this historic landmark.amy: i am ramy inocencio where it is fast 7:00 -- it is past 7:00 on thursday in new york. check listed equities in new york, the dollar is higher and the yuan is pulling back. the trade, wilbur ross warns of more pain for china unless the u.s. sees evidence of change. hurtng says tariffs everyone. a very good morning again and hello to all of the global viewers. looking at what has happened the past 24 hours, there is a trade for pain, and there is a trade for earnings. we saw that pushed back and forth in terms of equities. we started low but ended up mixed. we seek we don't know it is when -- where it is heading. a lot of central-bank action out of the bank of england. in terms of what is happening, the central bank is trying to figure out the drivers that are trying to come out from wall street as well. this was surprising. maybe we will get another rate move out of mark carney. you spoke about the pain trade. if you look in -- listen to wilbur ross, he said putting beijing in that

struggle to fill the shoes of the iconic creator and entrepreneur who began the tech firm with steve wozniak in a california garage. now with one in every three americans holding an iphone in their pocket worth that whopping trillion dollars. that's 12 zeros. and get this, three other companies, amazon, microsoft and google are also getting close to that trillion dollar mark. and the good news about apple, even if you never bought the stock there is a good chance you own it in your01 o because it's one of the most popular companies in mutual funds and etfs. even if you don't own it outright. >> this is when i want a time travel machine. i would go back and put $10,000 in and wouldn't be saying good morning america. >>> we have to head back to rob with that dangerous fire conditions that continue out west. rob. >> new report out of the national weather service, that fire, what we talked about, winds of 143 miles an hour, equivalent of an ef-3 tornado. just frightening stuff. time for your weekend getaways now. brought to you by "spy who dumped me." >>> coming up, the desperate search for that

this is a fully functioning apple one designed by jobs and steve wozniak in the 1970s.de. it's expected to go for $400,000. >>> france's president, emmanuel macron, slams america saying europe can no longer depend on us for its security. nigel farage joins us later this hour, and i want to know what he thinks about that. >>> and, of course, we are waiting for president trump's statement on trade, deal with mexico. should happen any moment now. i'm going to take you to charlotte, north carolina. what's the weather like there? hot. thank you. [laughter] we'll be back. ♪ ♪ stuart: now, we are waiting for that statement from president trump on the preliminary u.s./mexico trade deal. as we wait, come on in kim strassel, "the wall street journal" editorial board. kim is with us this morning. i say this is a win for the president. he's winning at the moment on trade. what say you? >> yeah. look, i think that this is very, very good news. we've had some encouraging news all around over the last couple of weeks about potential for some trade deals. not just with mexico, but also